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High-Strength Polyester Thread Market Size
High-Strength Polyester Thread Market size is projected to expand at a notable pace from 2024 to 2032. The rapid rate of urbanization and the constantly evolving fashion industry are fueling the need for trending apparel. The increasing usage of high-strength polyesters as sewing threads can be attributed to their robust properties, such as resistance to alkalis, acids, sunlight, mildew, and bleaching. The rising disposable incomes across the world will further foster new trends in the textile sector, driving the product demand. However, the potential impacts of polyester on the environment may restrain the market expansion to some extent during the projected timeframe.
High-Strength Polyester Thread Market Trends
The upcoming trends in the apparel and textile sectors, including the focus on sustainable fabrics and the higher utilization of recycled polyester in the production of shoes and clothing will play a key role in augmenting the product adoption. The growing demand for athleisure along with the rapid advancements in activewear products will further amplify the market growth. As per the 2022 World Trade Statistical Review report by the World Trade Organization, the EU is the world's largest importer of apparel and textiles. In 2021, the EU represented 34.1% of the global apparel and textile imports in terms of value, surpassing the U.S., which accounted for only 18.5%.
Similarly, according to India Brand Equity Foundation (IBEF), Indian textile and apparel industry is expected to grow at 10% CAGR to reach USD 190 billion by 2025-2026. This growing demand for textile and apparel may escalate the demand for high-strength polyester threads during the forecast period.
High-Strength Polyester Thread Market Analysis
Based on product, the market value from the 150 D3 segment is projected to rise at substantial CAGR from 2024 to 2032, due to the thriving need for exceptional sewability, high abrasion resistance, and tenacity. This sewing thread is extensively used to make handbags, outwear, shoes, curtains, and industrial products. The growing importance of high-performance sewing threads owing to the use of polyester continuous filaments polished with superior-quality silicone wax will add to the segment growth.
In terms of thread type, the high-strength polyester thread industry share from the spun polyester segment is estimated to exhibit significant expansion through 2032, owing to their versatility, cost-effectiveness, and strength characteristics. Spun polyester threads are preferred for various applications in the textile industry for offering durability and enhanced performance. This is driving their demand in sectors, such as apparel, footwear, and accessories.
Regionally, the Asia Pacific high-strength polyester thread market size is estimated to expand at notable pace between 2024 and 2032. The robust population growth in India, and China is representing lucrative demand for textiles and apparel. As per the IBEF, India is the world’s second-largest producer of garments and textiles as well as the fifth-largest export of apparel, technical, and home textiles. It has also been estimated that in FY22, India’s textile and apparel exports reported a 41% YoY growth, to reach USD 44.4 billion. The growing demand from industries, such as automotive, and construction due to superior strength, durability, and versatility of polyester thread will also increase the product appeal. Additionally, the expanding economy and rapid industrialization will drive the regional industry growth.
High-Strength Polyester Thread Market Share
Prominent companies operating in the high-strength polyester thread industry are engaged in partnership and portfolio expansion strategies to strengthen their market footprint worldwide. For instance, Coats Group plc. is a pioneer in manufacturing thread and structural components for apparel, footwear, and performance materials.
Some of the major high-strength polyester thread companies are:
- FUJIX
- Threads India
- Coats Group
- American & Efird
- Hengxin
- AMANN.
High-Strength Polyester Thread Market News:
- In June 2023, Coats introduced its innovative advanced sewing threads range, Epic EcoVerde AWF to help establish a groundbreaking sustainability standard by eliminating perfluorinated compounds (PFCs) entirely, while delivering outstanding anti-wick properties.