The fiber, yarn, and thread mills market primarily engages in the manufacturing and marketing of spinning yarn from fibers; manufacturing of threads for sewing, crocheting, embroidery, and other applications. Some of the key products include animal fiber yarn, spooling, twisting and winding purchased yarn, beaming yarn carpet and rug yarn, spinning cotton spun yarn, crochet spun yarns, purchased fiber embroidery spun yarns, purchased fibers hemp bags and ropes, knitting yarn, paper yarn, spooling yarn, and purchased yarn wool yarn.
The top five companies covered are Toray Industries Inc.,Indorama Corporation Pte. Ltd.,Weiqiao Textile Company Limited, Far Eastern New Century and Unifi Inc. Toray Industries Inc. was the largest company in the market.
The countries covered are USA, China, Germany, Brazil, Japan, UK, Spain, Russia, France, Australia, Italy, India and rest of the world.
The global yarn, fiber and thread manufacturing market was valued at around $318 billion in 2017. Asia Pacific was the largest region in the yarn, fiber and thread manufacturing market in 2017, accounting for around 74% market share. China was the largest country in the market in 2017, accounting for around 42% market share.
The demand for synthetic fibers is mainly driven by increasing applications of synthetic fibers in the apparel and the construction industry. Synthetic fibers give specific characteristics such as thermal insulation, low soiling characteristics, which can be modified for a wide range of products such as table cloths, napkins, curtains and carpets.