What is Global High-strength Polyester Thread Market?
The Global High-strength Polyester Thread Market is a vast and dynamic sector that deals with the production, distribution, and consumption of high-strength polyester thread. This type of thread is known for its durability, resistance to abrasion, and high tensile strength, making it a preferred choice for various industries. The market is spread across the globe, with several key players contributing to its growth and development. The value of this market was estimated to be around US$ 364.4 million in 2022. It is projected to grow at a steady pace, reaching an estimated value of US$ 474.6 million by 2029. This growth is expected to occur at a Compound Annual Growth Rate (CAGR) of 3.8% during the forecast period of 2023-2029.
70D, 100D, 150D, 210D, 250D, Others in the Global High-strength Polyester Thread Market:
The Global High-strength Polyester Thread Market is segmented based on the denier of the thread, which is a unit of measurement for the linear mass density of fibers. The market includes threads of various deniers such as 70D, 100D, 150D, 210D, 250D, among others. Each denier has its unique characteristics and applications. For instance, 70D thread is lightweight and is often used in delicate fabrics, while 210D is heavier and is used in upholstery and outdoor gear. The choice of denier depends on the specific requirements of the end-use application.
Packaging Products, Clothing, Leather and Shoes, Other in the Global High-strength Polyester Thread Market:
The high-strength polyester thread finds its application in various sectors such as packaging products, clothing, leather, and shoes, among others. In the packaging industry, these threads are used for sewing sacks, bags, and other packaging materials due to their high strength and durability. In the clothing industry, they are used for stitching garments, especially those that require high durability like workwear and outdoor clothing. In the leather and shoe industry, these threads are used for stitching leather goods and footwear, as they offer excellent resistance to abrasion and high tensile strength.
Global High-strength Polyester Thread Market Outlook:
The market outlook for the Global High-strength Polyester Thread Market is promising. The market was valued at US$ 364.4 million in 2022 and is expected to reach US$ 474.6 million by 2029, growing at a CAGR of 3.8% during the forecast period 2023-2029. The Coats Group is currently the world leader in this market, holding a 17% market share. China is the largest consumer of high-strength polyester thread, accounting for about 32% of the global consumption. The leather and shoe industry is the largest consumer of high-strength polyester thread, accounting for nearly 40% of the total downstream consumption globally.
| Report Metric | Details |
| Report Name | High-strength Polyester Thread Market |
| Accounted market size in year | US$ 378.4 million |
| Forecasted market size in 2028 | US$ 460.5 million |
| CAGR | 3.3% |
| Base Year | year |
| Forecasted years | 2023 - 2028 |
| High-strength Polyester Thread Segment by Type |
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| High-strength Polyester Thread Segment by Application |
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| Key Regions & Countries |
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| Forecast units | USD million in value |
| Report coverage | Revenue and volume forecast, company share, competitive landscape, growth factors and trends |
