Synthetic Fiber Manufacturing in the US
The Synthetic Fiber Manufacturing industry, which supplies fiber made from petrochemicals to producers of apparel, plastics and other consumer goods, has struggled from unfavorable conditions over the five years to 2016. Purchases of synthetic fibers, which are inputs for products such as clothing and home furnishings, are affected by changes in consumer spending and industrial production. Furthermore, demand is affected by the price of substitute materials (i.e. cotton), which experienced strong declines over the past five years. Over the five years to 2021, the industry will stabilize. Demand from carpet mills and manufacturers of industrial products and consumer goods will modestly increase, while demand from textile and apparel mills is anticipated to stabilize. Furthermore, exports to foreign producers in downstream industries will grow, as manufacturing activity in developing economies continues to increase.This industry produces cellulosic and noncellulosic fibers and filaments in the form of monofilament, filament yarn, staple or tow. Key cellulosic organic fibers and filaments include rayon and acetate. Noncellulosic fibers and filaments include acrylic, nylon, polyester and spandex. This industry does not include fiber, yarn or thread mills, thread manufacturers of any other fibers, or manufacturers of hemp yarn.
This report covers the scope, size, disposition and growth of the industry including the key sensitivities and success factors. Also included are five year industry forecasts, growth rates and an analysis of the industry key players and their market shares.
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