In-depth Analysis and Data-driven Insights on the Impact of COVID-19 Included in this Global Industrial Sewing Thread Market Report. The industrial sewing thread market by revenue is expected to grow at a CAGR of 4.
New York, Dec. 16, 2020 (GLOBE NEWSWIRE) -- Reportlinker.com announces the release of the report "Industrial Sewing Thread Market - Global Outlook and Forecast 2021-2026" - https://www.reportlinker.com/p05997462/?utm_source=GNW
4% during the period 2021–2026.
The market is growing consistently on a YOY basis. Sewing thread is one of the most essential accessories for apparel and footwear manufacturing. The current consumption of sewing thread is not only limited to footwear and apparel but also is expanded to other textile products such as home interiors, automobile interior, technical textile. The increasing number of customers moving toward low-priced garments in developing and developed countries is another factor propelling market growth. Synthetic sewing threads dominant the market, which is growing at a promising CAGR. The rise in demand is driven by the growth of synthetic material in automobile, personal protective textile, home interior textile, and footwear industries. However, the application of cotton threads is growing with the increase in the awareness of eco-friendly textiles.
The following factors are likely to contribute to the growth of the industrial sewing thread market during the forecast period:
• Growth in Technical Textiles
• Demand for Recycled Threads
• Increasing Demand for Apparel and Footwear
The study considers the present scenario of the industrial sewing thread market and its market dynamics for the period 2020?2026. It covers a detailed overview of several market growth enablers, restraints, and trends. The report offers both the demand and supply aspects of the market. It profiles and examines leading companies and other prominent ones operating in the market.
Global Industrial Sewing Thread Market Segmentation
This research report includes a detailed segmentation by product, end-user, application, geography. The demand for synthetic threads has grown on account of the increased popularity of synthetic material-based apparel. The increasing application of synthetic threads in household decoration products and technical textile has also been driving the market. Nylon and polyester are preferred for synthetics and stretch knits as they have no shrinkage, offer high strength, and have excellent stretching abilities. Vinylon sewing threads are expected to hold high potential in the synthetic sewing thread segment. The material is witnessing popularity as its attributes are similar to natural sewing threads and can be used as a substitute for cotton in several applications such as textile and automobile.
While natural threads are preferred for sewing and stitching and embroidery end-users, synthetic ones are majorly finding application in quilting and stitching. Cotton and polyester fibers are popular for sewing clothing, pillows, quilts, or crafts. Sewing has to be strong to endure high-speed stitching. China is the world’s leading producer and exporter of both raw textiles and garments. The US is the leading producer and exporter of raw cotton. The demand for sewing threads in the sew & stitch segment in Europe is expected to experience a CAGR growth of approx. 5% during the forecast period.
Over the years, a major part of the textile and apparel industry has shifted from developed countries such as the US, the EU, and Japan to developing ones, especially to China, South Asia, and Southeast Asia. This has influenced the market growth of the APAC apparel market, with China and India expecting to surpass several developed markets in apparel consumption. The availability of low-cost manpower and the abundance of raw material in Asian countries are major factors, which are driving the shift. However, the demand for sewing threads for apparel manufacturing in Europe is also likely to grow during the forecast period.
• Footwear & Accessories
• Home Interior
• Sew & Stitch
INSIGHTS BY GEOGRAPHY
APAC is the largest industrial sewing thread market across the world. Synthetic threads dominate the market with a revenue share of over 65%. The growing fashion trend is driving the market for textile production. The demand for personal protective clothing is also growing across the region from diverse industries, including pharmaceuticals, semiconductors, biotechnology, and chemicals, which is influencing the market growth. China is one of the largest textile markets followed by India, Indonesia, Bangladesh, and Vietnam. Moreover, there has been a shift in consumer behavior toward affordable and comfortable clothes, which result in the increasing demand for high-value fabrics such as viscose, silk, and cotton. The demand for home textile is also growing in the region, which is propelling the market for the sewing threads.
• North America
• Latin America
• Middle East & Africa
o North Africa
INSIGHTS BY VENDORS
Vendors have been highly focusing on developing sewing threads for technical textile for high performance and safety of personal protective clothing. Technical threads are used in outdoor textiles such as tents, lifting and restraints systems, and other composite materials used in automobiles. As the textile industry is growing, it has created potential growth opportunities for upcoming vendors. Companies are also focusing on partnerships such as acquisition and merger. These partnerships help companies to expand themselves geographically. In 2017, Coats acquired Patrick Yarn Mill, a high-performance engineered yarns manufacturer based in North Carolina in the US.
• Elevate Textiles
• Simtex Group
• The 3M Company
Other Prominent Vendors
• Innovation (Zhangjiagang) Sewing Thread Co. Ltd.
• Sarla Fibers
• Tamishna Group
• Modi Threads
• Well Group
• PT.Sing Long
• HP Threads
• Superior Threads
• Hujiang Group
• Ningbo MH Group
• Yiwu Mingrong Xianye
• Sujata Synthetics Ltd.
• Shenzhen Shunlong Thread Co. Ltd.
• Taizhou Gingko Weave
• Alpin Textiles
• Lexteks Textile
• Gunduz Pazarlama
• Ozen Iplik
KEY QUESTIONS ANSWERED
1. What is the growth projection of the global industrial sewing thread market till 2026?
2. What are the investment opportunities in the global synthetic thread market?
3. What will be the impact of COVID-19 on the industrial sewing thread suppliers?
4. Who are the leading players in the global industrial sewing thread market?
5. What are the growth trends and prospects of the industrial sewing thread market?
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