Synthetic Fibre Manufacturing in Canada - Industry Market Research Report
Description
Synthetic Fibre Manufacturing in Canada
The Canadian Synthetic Fibre Manufacturing industry has faced a challenging competitive landscape over the past five years. Lower production costs have sent downstream customers abroad while simultaneously expanding import penetration. Lacklustre innovation by domestic producers has shrunk their global competitiveness, forcing them to compete on price and putting downward pressure on profit. The COVID-19 pandemic compounded declines, leading revenue to shrink at a CAGR of 3.2% over the past five years, reaching an estimated $359.6 million in 2023. Falling oil prices and expanding disposable income levels will temporarily relieve synthetic fibre producers, precipitating an estimated 2.9% expansion in revenue in 2023.
The Synthetic Fibre Manufacturing industry in Canada 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.
The Canadian Synthetic Fibre Manufacturing industry has faced a challenging competitive landscape over the past five years. Lower production costs have sent downstream customers abroad while simultaneously expanding import penetration. Lacklustre innovation by domestic producers has shrunk their global competitiveness, forcing them to compete on price and putting downward pressure on profit. The COVID-19 pandemic compounded declines, leading revenue to shrink at a CAGR of 3.2% over the past five years, reaching an estimated $359.6 million in 2023. Falling oil prices and expanding disposable income levels will temporarily relieve synthetic fibre producers, precipitating an estimated 2.9% expansion in revenue in 2023.
The Synthetic Fibre Manufacturing industry in Canada 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.
Table of Contents
39 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
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Pricing
Currency Rates
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