Global High-Strength Polyester Thread Market Research Report 2023-Competitive Analysis, Status and Outlook by Type, Downstream Industry, and Geography, Forecast to 2029

Global High-Strength Polyester Thread Market Research Report 2023-Competitive Analysis, Status and Outlook by Type, Downstream Industry, and Geography, Forecast to 2029

The high-strength polyester thread is mainly used to sew all kinds of cotton, polyester-cotton chemical fiber, wool and blended processes, and is currently the most widely used sewing thread. The heat resistance and thermal stability of high-strength polyester thread is the best among synthetic fiber fabrics. It has a lubricating surface, but the internal molecules are tightly placed. Good light resistance and abrasion resistance.

Market Overview:

The latest research study on the global High-Strength Polyester Thread market finds that the global High-Strength Polyester Thread market reached a value of USD 2192.06 million in 2022. It’s expected that the market will achieve USD 2663.52 million by 2028, exhibiting a CAGR of 3.3% during the forecast period.

The impact of COVID-19 on the industrial chain

The downstream of the high-strength polyester thread industry chain is greatly affected by COVID-19. The upstream is less affected. At the same time, small enterprises are under greater pressure on the capital chain, which forces the installation to reduce production and load. The upper and middle reaches are dominated by continuous production enterprises, while the downstream weaving links are labor-intensive and restricted by logistics links. Due to the high-speed closure of many places, the accumulation of corporate inventory has put pressure on inventory expansion. Demand side impact. Textile and apparel companies have reduced orders due to the impact of the epidemic.

Impacts from the long-term

After the end of COVID-19, the application of high-strength polyester thread in Leather and Shoes will create a lot of opportunities during and after COVID-19. This end-use vertical market demand will pave the way for a strong recovery in the high-strength polyester thread industry. In the long run, a high-strength polyester thread company must have its own core competitiveness to survive, such as products, channels, marketing, management, technology, cost advantages, etc.

The textile and leather industry has a growing demand for high-strength polyester threads

The growing demand for commodities in the textile and leather industries will become the main factor driving global demand for commodities. The strength of high-strength polyester thread makes it ideal for various applications in the textile industry, including heavy stitches, neckline stitches, etc. Items made with this thread have various colors and packaging options. In addition, industrial threads used for sewing shoes, leather products, belts, wallets and interior decorations are usually used in the sewing industry. This product is used to manufacture various sporting goods, including bag sealing and stitching.

The negative impact of polyester on the environment

The main obstacle to the growth of demand for high-strength polyester threads may be due to the adverse effects of polyester on the environment. The production of polyester contains toxic chemicals such as carcinogens. If it is discarded in water and air without any pretreatment, it may cause significant damage to the environment. This also requires almost twice the energy required by other traditional manufacturing products. However, one of the main problems with using this synthetic fabric is that it may be sticky and sweaty, which may be uncomfortable.

Good macroeconomics and policies

After the financial crisis, various countries have adopted active economic revitalization policies to stimulate economic recovery, and have made maintaining stable and rapid economic growth the primary goal of macro-control. Continue to implement a proactive fiscal policy and a moderately loose monetary policy, and focus on the comprehensive use of tax cuts and expansion of central government investment to stimulate economic development. Infrastructure has stimulated the demand for daily necessities and promoted the development of the downstream market of high-strength polyester thread.

Region Overview:

Geographically, Asia Pacific held the largest market share - 53.81% in 2021.

Company Overview:

Coats Group is one of the major players operating in the High-Strength Polyester Thread market, holding a share of 17.32% in 2022.

Coats Group

Coats Group plc is a British multi-national company. It is the world's largest manufacturer and distributor of sewing thread and supplies, and the second-largest manufacturer of zips and fasteners, after YKK.

American & Efird

American & Efird is the largest U.S. manufacturer and the world's second largest manufacturer and distributor of premium quality industrial and consumer sewing thread, embroidery thread and technical textiles for the apparel, automotive components, home furnishings, medical supply, footwear and diversified, etc.

Segmentation Overview:

By type, Corespun Polyester segment accounted for the largest share of market in 2021.

Spun Polyester

Spun polyester thread is also known as PP spun. It is manufactured through spinning of 100% polyester fibers in yarns and later plying of these yarns in a sewing thread. These threads are generally made in two or three plies. Spun polyester is quite economical in manufacturing and in general, has a low cost. The product is highly used in garments as a result of being cost effective in nature and possessing significant performance in sewing in several environments such as in high speed as well as in critical sewing operations.

Filament Polyester

Filament Polyester, is a continuous fiber, usually with a dozen or dozens of single filaments together and woven together into a length of more than 1000 meters of silk, filament winding into a group. Filament is the basic state of the fiber when made.

Corespun Polyester

When using an automatic sewing machine that requires high tensile strength and color fastness, Corespun Polyester can be used. The strength of Corespun Polyester means that it is ideal for minimizing sewing problems because smaller thread sizes can be used.

Trilobal Polyester

Trilobal polyester is a multiple filament, twisted, high-sheen continuous fiber thread. It has the bright appearance of rayon or silk, but the advantages of a polyester fiber. Triangular shaped fibers reflect more light and give an attractive sparkle to textiles.

Texturized Polyester

Texturized Polyester is a continuous filament textured polyester thread. Its soft hand feel makes it very suitable for use on lock stitch machines and overlock stitch machines. Texturized Polyester can keep the product from deforming after washing.

Application Overview:

By application, the Leather and Shoes segment occupied the biggest share from 2017 to 2022.

Key Companies in the global High-Strength Polyester Thread market covered in Chapter 3:

Ningbo MH Group
Fengshu
Coats Group
HOTON Group
AMANN Group
GUNOLD GmbH
American & Efird
FUJIX Ltd.
Huarui (China) Sewing Thread Co., LTD.
Zhejiang Huaxin Advanced Materials Co.,ltd
Zhejiang Kenking Industrial Co.,LTD.
Huamei Thread Company
Threads India Limited

In Chapter 4 and Chapter 14.2, on the basis of types, the High-Strength Polyester Thread market from 2018 to 2029 is primarily split into:

Spun Polyester
Filament Polyester
Corespun Polyester
Trilobal Polyester
Texturized Polyester
Others

In Chapter 5 and Chapter 14.3, on the basis of Downstream Industry, the High-Strength Polyester Thread market from 2018 to 2029 covers:

Packaging Products
Clothing
Leather and Shoes
Others

Geographically, the detailed analysis of consumption, revenue, market share and growth rate, historic and forecast (2018-2029) of the following regions are covered in Chapter 8 to Chapter 14:

North America (United States, Canada)
Europe (Germany, UK, France, Italy, Spain, Russia, Netherlands, Turkey, Switzerland, Sweden)
Asia Pacific (China, Japan, South Korea, Australia, India, Indonesia, Philippines, Malaysia)
Latin America (Brazil, Mexico, Argentina)
Middle East & Africa (Saudi Arabia, UAE, Egypt, South Africa)