Synthetic Fiber Manufacturing in the US
The Synthetic Fiber Manufacturing industry has struggled from unfavorable conditions over the five years to 2018. Demand is affected by the price of substitute materials (i.e. cotton), which experienced strong declines over the past five years. During the period, the industry has experienced its biggest challenges from volatile input prices. However, industry profit margins benefited from the substantial decrease in the world price of crude oil (despite its high volatility, causing uncertainty for manufacturers), as it is a key input cost for operators. Over the five years to 2023, the industry will grow. 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 steady.
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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