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Synthetic Fiber Manufacturing in the US: Market Research Report

Market Research • Market Size • Industry Statistics • Industry Analysis • Industry Trends

Synthetic Fiber Manufacturing Market Research Report | NAICS 32522 | Aug 2016

Cut a rug: Import competition will intensify, which will slow revenue growth

IBISWorld’s Synthetic Fiber Manufacturing market research report can be used to help you: understand market size and growth potential; major companies; draft business plans and pitch books; and conduct benchmarking and SWOT analysis. Our industry analysis highlights macro industry trends in the overall sector and micro trends faced by companies that do business in the industry. The industry report also provides key industry statistics and 5-year forecasts to anticipate future industry prospects so you can decide with confidence.

Report Snapshot
Industry Statistics & Market Size
Annual Growth 11-16
Annual Growth 16-21
Annual Growth
Industry Threats & Opportunities
  • Demand for industry products depends on the price of substitute materials, such as cotton
  • Price competition is a crucial issue for domestic synthetic fiber manufacturers
  • Downstream manufacturers are increasingly using synthetic fiber in automotive and medical products
  • ... purchase to read more

Industry Analysis & Industry Trends

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 2016. 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 2021, 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... ... purchase to read more

Industry Report - Industry Locations Chapter

The bulk of industry establishments are located in historical textile producing areas, which trace their roots back to the start of the textile industry in the early 1900s. Synthetic fiber manufacturers have historically located their operations close to the nation's textile industry, which initially established itself in the Southeast. Today, the Southeast region accounts for over one-half of all industry establishments, followed by the Great Lakes and West regions.

The Southeast region accounts for 57.7% of the industry's total establishments. Key production states include South Carolina and North Carolina, as each hold 13.1% of industry establishments, Georgia (10.8%) and Tennessee (5.4%). It .. ... 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 Price of synthetic fiber and Consumer spending in the Synthetic Fiber Manufacturing industry impact industry performance... purchase to read more


    Industry ProductsRelated Reports

    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 fibersOther noncellulosic fibersPolyester fibersNoncellulosic organic fibersPolyolefin fibersRayon and acetate fibers
    Industry Activities
    Manufacturing nylon and other polyamide fibers and filamentsManufacturing polyester fibers and filamentsManufacturing polyolefin fibers and filamentsManufacturing acetate fibers and filamentsManufacturing rayon fibers and filaments

    Table of Contents
    About this Industry
    Industry Definition
    Main Activities
    Similar Industries
    Additional Resources
    Industry at a Glance
    Industry Statistics Snapshot
    Industry Structure
    Executive Summary
    Industry Performance
    Executive Summary
    Key External Drivers
  • Price of synthetic fiber
  • Consumer spending
  • Trade-weighted index
  • Housing starts
  • World price of crude oil
  • Current Performance
  • Industry volatility
  • Intense competition and employment declines
  • 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
  • Products & Markets
    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
  • Competitive Landscape
    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
    Barriers to Entry
  • Table: Barrier to Entry Checklist for the Synthetic Fiber Manufacturing Industry
  • Industry Globalization
    Major Companies
    Koch Industries Inc.
    The Dow Chemical Company
    Rayonier Advanced Materials Inc.
    Chevron Phillips Chemical Company LLC
  • Table: Koch Industries Inc. - financial performance
  • Table: The Dow Chemical Company - financial performance
  • Table: Rayonier Advanced Materials Inc. - financial performance
  • Table: Chevron Phillips Chemical Company LLC - financial performance
  • Operating Conditions
    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
    Key Statistics
  • Table: Industry Data for the Synthetic Fiber Manufacturing Industry
  • Includes:
  • Industry Revenue (2007-2021)
  • Industry Gross Product (2007-2021)
  • Establishments (2007-2021)
  • Businesses (2007-2021)
  • Employment (2007-2021)
  • Exports (2007-2021)
  • Imports (2007-2021)
  • Wages (2007-2021)
  • Price of synthetic fiber (2007-2021)
  • Table: Annual Percentage Change for Key Industry Data
  • Table: Key Ratios for Industry Key Data
  • Table: Industry Financial Ratios
  • Jargon & Glossary
    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.

  • Why Buy this Report?
    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 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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