In Stitches: Rising value of the US dollar will cause exports to diminish

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 2017. 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 2022, 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...read more.

Industry Statistics & Market Size
Revenue
$8bn
Annual Growth 12-17
-2.2%
Forecast Growth 17-22
Profit
Employment
13,906
Businesses
175

Industry Threats & Opportunities

  • Demand for industry products depends on the price of substitute materials, such as cotton
  • Strong competition from imports and substitute materials has limited operators' ability to offset industry declines
  • Downstream manufacturers are increasingly using synthetic fiber in automotive and medical products
  • Industry Report - Industry SWOT Analysis Chapter

    The Synthetic Fiber industry is in the declining phase of its life cycle. Over the 10 years to 2022, industry value added (IVA), which measures an industry's contribution to GDP, is expected to decrease at an annualized rate of 0.1%. Meanwhile, GDP is anticipated to grow at an annualized rate of 2.0% over the same period. An IVA that grows at a slower rate than the overall economy is a strong indicator that this industry is in the declining life cycle stage.A primary reason for the industry's declining nature is competition. Domestic manufacturers have been subject to significant competition from international producers, particularly in Asia, because the reduced cost of doing business abroad allows foreign manufacturers to competitively price their products. US ...purchase to read more.

    Additional Insights for the Synthetic Fiber Manufacturing Industry

    IBISWorld identifies 250 Key Success Factors for a business.The most important for the Synthetic Fiber Manufacturing Industry are

  • Economies of scale
  • Protection of intellectual property/copyrighting of output
  • Ability to allocate product/service to area of greatest need
  • IBISWorld analysts also discuss how external factors such as Housing starts and Price of synthetic fiber in the Synthetic Fiber Manufacturing industry impact industry performance..

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    What's in this report

    What is the Synthetic Fiber Manufacturing Industry?

    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.

    Industry Products
  • Nylon and other polyamide fibers
  • Other noncellulosic fibers
  • Polyester fibers
  • Noncellulosic organic fibers
  • Polyolefin fibers
  • Rayon and acetate fibers
  • Industry Activities
  • Manufacturing nylon and other polyamide fibers and filaments
  • Manufacturing polyester fibers and filaments
  • Manufacturing polyolefin fibers and filaments
  • Manufacturing acetate fibers and filaments
  • Manufacturing rayon fibers and filaments
  • Table of Contents

    Industry Definition
    Main Activities
    Similar Industries
    Additional Resources
    Industry Statistics Snapshot
    Industry Structure
    Executive Summary
    Executive Summary
    Key External Drivers
  • Housing starts
  • Price of synthetic fiber
  • Consumer spending
  • Trade-weighted index

  • Current Performance
    Industry volatilityIntense competitionChanging trade patterns
  • Chart: Revenue Growth

  • Industry Outlook
    Steady downstream demandContinued competition
  • Table: Synthetic Fiber Manufacturing Industry Revenue Outlook

  • Industry Life Cycle
  • Life cycle reasons
  • Chart: Benchmarking - Synthetic Fiber Manufacturing Industry Lifecycle vs The Economy

  • Supply Chains
    Key Buying Industries
  • Textile Mills
  • Carpet Mills
  • Hosiery Mills
  • Apparel Knitting Mills

  • Key Selling Industries
  • Organic Chemical Manufacturing
  • Plastic & Resin Manufacturing
  • Wood Pulp Mills

  • Products & Services
  • Nylon and other polyamide fibers
  • Rayon and acetate fibers
  • Polyester fibers
  • Other noncellulosic fibers
  • Polyolefin fibers
  • Noncellulosic organic fibers
  • Chart: Synthetic Fiber Manufacturing Industry Products and Services Segmentation

  • Demand Determinants
    Major Markets
  • Carpet and rug manufacturers
  • Exports
  • Textile and apparel manufacturers
  • Industrial products and consumer goods manufacturers
  • Chart: Major Market Segmentation for the Synthetic Fiber Manufacturing Industry

  • International Trade
    Business Locations
    Chart: Business Locations by State
    Market Share Concentration
    Key Success Factors
    Cost Structure Benchmarks
  • Profit
  • Purchases
  • Wages
  • Other
  • Chart: Cost Structure Benchmarking – Sector vs Synthetic Fiber Manufacturing

  • Basis of Competition
  • Internal competition
  • External competition

  • Barriers to Entry
  • Table: Barrier to Entry Checklist for the Synthetic Fiber Manufacturing Industry

  • Industry Globalization
    Koch Industries Inc., The Dow Chemical Company, Chevron Phillips Chemical Company LLC, Rayonier Advanced Materials Inc.,
  • Table: Koch Industries Inc. - financial performance
  • Table: The Dow Chemical Company - financial performance
  • Table: Chevron Phillips Chemical Company LLC - financial performance
  • Table: Rayonier Advanced Materials Inc. - financial performance

  • Capital Intensity
  • Chart: Level of Capital Intensity for the Synthetic Fiber Manufacturing Industry
  • Chart: Tools of the Trade: Growth Strategies for Success

  • Technology & Systems
    Revenue Volatility
  • Chart: Volatility vs Industry Growth

  • Regulation & Policy
    Industry Assistance
    Table: Industry Data for the Synthetic Fiber Manufacturing Industry
    Includes:
  • Industry Revenue (2008-2022)
  • Industry Gross Product (2008-2022)
  • Establishments (2008-2022)
  • Businesses (2008-2022)
  • Employment (2008-2022)
  • Exports (2008-2022)
  • Imports (2008-2022)
  • Wages (2008-2022)
  • Price of synthetic fiber (2008-2022)

  • Table: Annual Percentage Change for Key Industry Data
    Table: Key Ratios for Industry Key Data
    Table: Industry Financial Ratios
    Cellulosic Fiber
  • Regenerated cellulose manufactured from dissolving pulp. It is used for textile fibers such as rayon.
  • Filament Yarn
  • Yarn composed of continuous filaments assembled with or without twist.
  • Monofilament
  • Synthetic thread or yarn composed of a single strand.
  • Noncellulosic Fiber
  • Fibers formed by the polymerization and subsequent extrusion of synthetic organic chemicals and refined petroleum products.
  • Offshoring
  • The relocation of manufacturing operations to another country, regardless of whether the work is outsourced or stays within the same corporation or company.
  • Outsource
  • To procure goods or services under contract with an outside supplier.
  • Staple
  • Short length fibers, as distinct from continuous filaments, which are twisted together (spun) to form a coherent yarn.
  • Tow
  • Synthetic fibers preparatory to spinning.
  • What Our Customers Say

    Why buy this report?

    The Synthetic Fiber Manufacturing industry market report contains data and analysis of the most influential current and future trends shaping the industry. IBISWorld’s in-depth industry market research is presented in a logical, user-friendly format, and provides growth and profit forecasts for a five-year outlook period.

    IBISWorld industry market research reports enable you to:
    • Find out about key industry trends
    • Identify threats and opportunities
    • Inform your decisions for marketing, strategy and planning
    • Quickly build competitive intelligence
    This report on Synthetic Fiber Manufacturing:
    • Provides Market Size information to assist with planning and strategic decisions.
    • Includes the necessary information to perform SWOT, PEST and STEER analysis.
    • Helps you understand market dynamics to give you a deeper understanding of industry competition and the supply chain.
    • Analyses key performance and operational metrics so that you can benchmark against your own business, that of your customers’ businesses, or your competitors’ businesses.
    The Synthetic Fiber Manufacturing market research report includes:
    • Historical data and analysis for the key drivers of this industry
    • A five-year forecast of the market and noted trends
    • Detailed research and segmentation for the main products and markets
    • An assessment of the competitive landscape and market shares for major companies
    • And of course, much more

    IBISWorld reports on thousands of industries around the world. Our clients rely on our information and data to stay up-to-date on industry trends across all industries. With this IBISWorld Industry Research Report on Synthetic Fiber Manufacturing, you can expect thoroughly researched, reliable and current information that will help you to make faster, better business decisions.

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