Held together: Innovation of higher-value products will foster industry revenue growth

The Synthetic Fibre Manufacturing industry in Canada has endured a tough competitive environment, which has driven a steep recession over the five years to 2019. While operators in some downstream markets, such as textile mills, have shut down or sent manufacturing abroad, the decline in the industry's global competitiveness has driven its decline. Over the next five years, the industry is expected to grow slowly despite enduring the same unfavourable trends. Use of recycled fibres will become increasingly prominent as regulatory standards and consumer preferences motivate manufacturers to use more environmentally friendly materials as well as the need to hedge risks associated with volatile oil prices...read more.

Industry Statistics & Market Size
Revenue
$420m
Annual Growth 14-19
-5.5%
Forecast Growth 19-24
x.x%lock
Profit
x.x%lock
Employment
777
Businesses
27
Market Share of Companies

Industry Threats & Opportunities

  • Improving economies of scale by producers abroad have placed downward pressure on synthetic fibre prices
  • Price competition is a crucial issue for domestic synthetic fibre manufacturers
  • Intense international competition will continue to pose a threat to the industry

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    Industry Report - Industry Key Buyers Chapter

    The Synthetic Fibre Manufacturing industry in Canada has a medium level of market share concentration, with Koch Industries accounting for an estimated 38.6% of the industry's revenue. Over the past five years, due to a declining customer base, participants have consolidated operations, typically maintaining a single plant and employing fewer than 20 workers. There are only three establishments with more than 20 employees. Moreover, operators are often subsidiaries of more diversified manufacturers involved in upstream production or downstream markets. As a result, the industry has a fairly fragmented structure. In coming years, the industry is expected to become increasingly concentrated as existing operators expand their market share. Koc...purchase to read more.

    Additional Insights for the Synthetic Fibre Manufacturing Industry

    IBISWorld identifies 250 Key Success Factors for a business.The most important for the Synthetic Fibre Manufacturing Industry are

  • Economies of scale
  • Protection of intellectual property and copyrighting of output
  • Ability to allocate product/service to area of greatest need

    • IBISWorld analysts also discuss how external factors such as Consumer spending and Canadian effective exchange rate index in the Synthetic Fibre Manufacturing industry impact industry performance..

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    What's in this report

    Industry Products

    What is the Synthetic Fibre Manufacturing Industry?

    This industry produces cellulosic and noncellulosic fibres and filaments in the form of monofilament, filament yarn, staple or tow. Key cellulosic organic fibres and filaments include rayon and acetate. Noncellulosic fibres and filaments include acrylic, nylon, polyester and spandex. This industry does not include fibre, yarn or thread mills, thread manufacturers of any other fibres or manufacturers of hemp yarn.

    Industry Products
  • High-tenacity Nylon
  • Other Nylon
  • Polyester manufactured fibres
  • Other manufactured fibres
    • Industry Activities
  • Manufacturing cellulosic and noncellulosic fibres and filaments
  • Manufacturing nylon and other polyamide fibres and filaments
  • Manufacturing polyester fibres and filaments
  • Manufacturing polyolefin fibres and filaments
  • Manufacturing acetate fibres and filaments
  • Manufacturing rayon fibres and filaments
    • Table of Contents

    About this Industry

    Industry Definition
    Main Activities
    Similar Industries
    Additional Resources

    Industry at a Glance

    Industry Statistics Snapshot
    Industry Structure
    Executive Summary

    Industry Performance

    Executive Summary
    Key External Drivers
  • Consumer spending
  • Canadian effective exchange rate index
  • Housing starts
  • World price of crude oil

    • Current Performance
  • The fabric of the industry
  • Changing trade patterns
  • Industry landscape
  • Chart: Revenue Growth

    • Industry Outlook
  • Mixed downstream demand
  • Competition
  • Following the technology roadmap
  • Table: Synthetic Fibre Manufacturing Industry Revenue Outlook

    • Industry Life Cycle
  • Life cycle reasons
  • Chart: Benchmarking - Synthetic Fibre Manufacturing Industry Lifecycle vs The Economy

    • Products & Markets

    Supply Chains
    Key Buying Industries
  • Textile Mills in Canada
  • Men's & Boys' Apparel Manufacturing in Canada
  • Women's & Girls' Apparel Manufacturing in Canada
  • Sanitary Paper Product Manufacturing in Canada
  • Tire Manufacturing in Canada

    • Key Selling Industries
  • Electric Power Transmission in Canada
  • Petrochemical Manufacturing in Canada
  • Plastic & Resin Manufacturing in Canada
  • Sawmills & Wood Production in Canada

    • Products & Services
  • High-tenacity Nylon
  • Other Nylon
  • Polyester manufactured fibres
  • Other manufactured fibres
  • Chart: Synthetic Fibre Manufacturing Industry Products and Services Segmentation

    • Demand Determinants
    Major Markets
  • Exports
  • Carpet producers
  • Technical textiles and other
  • Apparel producers
  • Home textile producers
  • Other
  • Chart: Major Market Segmentation for the Synthetic Fibre Manufacturing Industry

    • International Trade
    Business Locations
    Chart: Business Locations by State

    Competitive Landscape

    Market Share Concentration
    Key Success Factors
    Cost Structure Benchmarks
    ProfitPurchasesWagesOther
  • Chart: Cost Structure Benchmarking – Sector vs Synthetic Fibre Manufacturing

    • Basis of Competition
  • Internal competition
  • External competition

    • Barriers to Entry
  • Table: Barrier to Entry Checklist for the Synthetic Fibre Manufacturing Industry

    • Industry Globalization

    Major Companies

    Koch Industries Inc.,
  • Table: Koch Industries Inc. - financial performance

    • Operating Conditions

    Capital Intensity
  • Chart: Level of Capital Intensity for the Synthetic Fibre Manufacturing Industry
  • Chart: Tools of the Trade: Growth Strategies for Success

    • Technology & Systems
    Revenue Volatility
  • Chart: Volatility vs Industry Growth

    • Regulation & Policy
    Industry Assistance

    Key Statistics

    Table: Industry Data for the Synthetic Fibre Manufacturing Industry
    Includes:
  • Industry Revenue (2010-2024)
  • Industry Gross Product (2010-2024)
  • Establishments (2010-2024)
  • Businesses (2010-2024)
  • Employment (2010-2024)
  • Exports (2010-2024)
  • Imports (2010-2024)
  • Wages (2010-2024)
  • World price of crude oil (2010-2024)

    • Table: Annual Percentage Change for Key Industry Data
    Table: Key Ratios for Industry Key Data

    Jargon & Glossary

    Cellulosic Fibre
  • Manufactured fibre made from plant pulp and then extruded in the same ways that noncellulosic fibres like nylon and polyester are made. Rayon, acetate and lyocell are cellulosic fibres.
    • Filament Yarn
  • Yarn composed of continuous filaments assembled with or without twist.
    • Monofilament
  • Synthetic thread or yarn composed of a single strand.
    • Most Favoured Nation Tariff
  • The trade status of a country that is characterized by low tariffs and limited restrictions. It is also commonly referred to as Normal Trade Relations (NTR).
    • Noncellulosic Fibre
  • Fibres formed by the polymerization and subsequent extrusion of synthetic organic chemicals and refined petroleum products. Nylon, polyester and polyolefin are noncellulosic fibres.
    • Offshoring
  • The relocation of manufacturing operations to another country, regardless of whether the work is outsourced or stays within the same corporation or company.
    • Staple
  • Short length fibres, as distinct from continuous filaments, which are twisted together (spun) to form a coherent yarn.
    • Tow
  • Untwisted bundle of continuous filaments.
    • What Our Customers Say
    Why buy this report?

    The Synthetic Fibre Manufacturing market research report provides key industry analysis and industry statistics, measures market size, analyzes current and future industry trends and shows market share for the industry’s largest companies. IBISWorld publishes the largest collection of industry reports so you can see an industry’s supply chain, economic drivers and key buyers and markets.

    IBISWorld industry market research reports enable you to:
    • Find out about key industry trends
    • Identify threats and opportunities
    • Inform your decisions for marketing, strategy and planning
    • Quickly build competitive intelligence
    This report on Synthetic Fibre Manufacturing:
    • Provides Market Size information to assist with planning and strategic decisions.
    • Includes the necessary information to perform SWOT, PEST and STEER analysis.
    • Helps you understand market dynamics to give you a deeper understanding of industry competition and the supply chain.
    • Analyses key performance and operational metrics so that you can benchmark against your own business, that of your customers’ businesses, or your competitors’ businesses.
    The Synthetic Fibre Manufacturing market research report includes:
    • Historical data and analysis for the key drivers of this industry
    • A five-year forecast of the market and noted trends
    • Detailed research and segmentation for the main products and markets
    • An assessment of the competitive landscape and market shares for major companies
    • And of course, much more

    IBISWorld reports on thousands of industries around the world. Our clients rely on our information and data to stay up-to-date on industry trends across all industries. With this IBISWorld Industry Research Report on Synthetic Fibre Manufacturing, you can expect thoroughly researched, reliable and current information that will help you to make faster, better business decisions.

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