Synthetic Fibre Manufacturing in Canada
The Synthetic Fibre Manufacturing industry in Canada has endured a tough competitive environment, which has driven a steep recession over the five years to 2019. While operators in some downstream markets, such as textile mills, have shut down or sent manufacturing abroad, the decline in the industry's global competitiveness has driven its decline. Over the next five years, the industry is expected to grow slowly despite enduring the same unfavourable trends. Use of recycled fibres will become increasingly prominent as regulatory standards and consumer preferences motivate manufacturers to use more environmentally friendly materials as well as the need to hedge risks associated with volatile oil prices.
This industry produces cellulosic and noncellulosic fibres and filaments in the form of monofilament, filament yarn, staple or tow. Key cellulosic organic fibres and filaments include rayon and acetate. Noncellulosic fibres and filaments include acrylic, nylon, polyester and spandex. This industry does not include fibre, yarn or thread mills, thread manufacturers of any other fibres 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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