Every fiber: As manufacturing activity in developing economies increases, industry demand will rise

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...purchase to read more.

Industry Statistics & Market Size
Revenue
$8bn
Annual Growth 13-18
-3.0%
Forecast Growth 18-23
Profit
Employment
13,551
Businesses
186

Industry Threats & Opportunities

  • As construction markets recover, with housing starts accelerating, rising demand from downstream markets will propel revenue
  • As the overall conditions of the economy improved, industry operators started growing again
  • Industrial products and consumer goods manufacturing is forecast to grow
  • Industry Report - Industry SWOT Analysis Chapter

    The Synthetic Fiber industry is in the mature phase of its life cycle. Over the 10 years to 2023, industry value added (IVA), which measures an industry's contribution to the overall economy, is expected to increase at an annualized rate of 1.3%. Meanwhile, GDP is anticipated to grow at an annualized rate of 2.2% during 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 mature life cycle stage.A primary reason for the industry's mature 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 enables 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 volatility
  • Intense competition
  • Changing trade patterns
  • Chart: Revenue Growth

  • Industry Outlook
  • Steady downstream demand
  • Continued 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
  • Polyolefin fibers
  • Other noncellulosic fibers
  • Noncellulosic organic fibers
  • Chart: Synthetic Fiber Manufacturing Industry Products and Services Segmentation

  • Demand Determinants
    Major Markets
  • Exports
  • Carpet and rug manufacturers
  • 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
    DowDuPont Inc., Koch Industries Inc., Rayonier Advanced Materials Inc., Chevron Phillips Chemical Company LLC,
  • Table: DowDuPont Inc. - financial performance
  • Table: Koch Industries Inc. - financial performance
  • Table: Rayonier Advanced Materials Inc. - financial performance
  • Table: Chevron Phillips Chemical Company LLC - 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 (2009-2023)
  • Industry Gross Product (2009-2023)
  • Establishments (2009-2023)
  • Businesses (2009-2023)
  • Employment (2009-2023)
  • Exports (2009-2023)
  • Imports (2009-2023)
  • Wages (2009-2023)
  • Price of synthetic fiber (2009-2023)

  • 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?

    IBISWorld’s Industry Market Report on Synthetic Fiber Manufacturing is a comprehensive guide to market size and growth prospects. Ensure due diligence in your research with our strategic analysis of the factors influencing companies, including new product developments; economic, lifestyle and demographic influences; distribution and supply chain factors; and pricing issues.

    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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