Synthetic Fiber Manufacturing in the US - Industry Market Research Report
Description
Synthetic Fiber Manufacturing in the US
The synthetic fiber manufacturing industry supplies fiber made from petrochemicals to producers of discretionary goods like apparel and home textiles, which have struggled because of unfavorable conditions over the past five years. The industry has been negatively affected by declines in demand from downstream markets, including textile and carpet mills. The pandemic resulted in forced business closures, supply chain disruptions and export delays. Also, increased crude oil prices have caused uncertainty for manufacturers over the past five years since it is a critical input. Overall, revenue has been falling at a CAGR of 4.6% to $6.1 billion over the past five years, including an expected 5.4% decline in 2023. Profit is also expected to fall to 6.4% of revenue in 2023 from 7.6% in 2018.
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."
The synthetic fiber manufacturing industry supplies fiber made from petrochemicals to producers of discretionary goods like apparel and home textiles, which have struggled because of unfavorable conditions over the past five years. The industry has been negatively affected by declines in demand from downstream markets, including textile and carpet mills. The pandemic resulted in forced business closures, supply chain disruptions and export delays. Also, increased crude oil prices have caused uncertainty for manufacturers over the past five years since it is a critical input. Overall, revenue has been falling at a CAGR of 4.6% to $6.1 billion over the past five years, including an expected 5.4% decline in 2023. Profit is also expected to fall to 6.4% of revenue in 2023 from 7.6% in 2018.
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."
Table of Contents
47 Pages
ABOUT THIS INDUSTRY
Industry Definition
Main Activities
Similar Industries
Additional Resources
INDUSTRY AT A GLANCE
INDUSTRY PERFORMANCE
Executive Summary
Key External Drivers
Current Performance
Industry Outlook
Industry Life Cycle
PRODUCTS & MARKETS
Supply Chain
Products & Services
Demand Determinants
Major Markets
International Trade
Business Locations
COMPETITIVE LANDSCAPE
Market Share Concentration
Key Success Factors
Cost Structure Benchmarks
Basis of Competition
Barriers to Entry
Industry Globalization
MAJOR COMPANIES
OPERATING CONDITIONS
Capital Intensity
Technology & Systems
Revenue Volatility
Regulation & Policy
Industry Assistance
KEY STATISTICS
Industry Data
Annual Change
Key Ratios
JARGON & GLOSSARY
Pricing
Currency Rates
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