BizVibe: Synthetic Fibres Sector Seeing New Applications, Competition

An overview of the global spandex fibre market. (Graphic: Business Wire)

???pagination.previous??? ???pagination.next???

LONDON--()--Synthetic fibres are becoming more popular in the global textile and apparel industry due to their versatility, ease of use, high availability, and considerably lower cost than many natural textiles. However, environmental, financial, and infrastructural factors are preventing all synthetic fibres from seeing the same levels of success and demand around the world. Details about this complex market are some of this week’s top stories on BizVibe.

BizVibe is the world’s smartest B2B marketplace and allows users to discover high quality leads, contact prospects, and source quotes. Register today to connect with over seven million companies around the globe.

Spandex fibre seeing increased growth and new applications

The global spandex fibre market was valued at USD 5.8 billion in 2015, and is expected to reach around USD 10.5 billion by 2022. This ongoing growth is mostly due to the growing preference for and adoption of spandex-based stretch clothing. Though once almost entirely limited to lounge and athletic apparel, there is new demand and applications for spandex fibre in the healthcare, oil and gas, new energies, automotive, and aviation industries due its characteristics such as elasticity, durability, and abrasion resistance.

The regions where spandex is popular are changing as well. North America and Europe collectively account for more than 25% of the worldwide demand for spandex fibre, but are expected to be overtaken by Asia Pacific. This region is expected to have the fastest growth rate and is projected to have a CAGR of 9.5% in value terms by 2022.

Use BizVibe to find suppliers of synthetic fibres across the world

Polyester reigns supreme in Indonesia

High electricity costs and price-sensitive consumers are keeping the demand for polyester high in Indonesia’s textile industry, and allowing it to continuously outpace the demand for nylon yarn. Polyester is less expensive to produce and less expensive to purchase, making it a hit with consumers and manufacturers alike.

Energy in Indonesia is fairly unreliable and highly expensive, and is one of the main reasons behind polyester’s stable demand. Electricity costs comprise more than 25% of total costs in the upstream textiles sector and 1% of total costs in the garment industry. While innovations in the production methods and machinery used to manufacture this yarn may lead to increased demand in the future, polyester remains cheaper and less energy-consuming to produce and, therefore, will remain popular.

Connect with the top textile and fibre manufacturers in Indonesia on BizVibe

Connecting with textile companies on BizVibe

In addition to synthetic fibres and textiles, BizVibe is home to over 150,000 textiles and apparel companies across all sectors. Connecting with any of these companies is simple thanks to the aggregating, categorizing and parsing of data from thousands of sources using machine learning tools and several sophisticated algorithms. This advanced match-making program provides the user with a full set of inbuilt tools designed to connect like-minded business with one another.

BizVibe allows you to discover the highest quality leads and make meaningful connections with your companies of interest in real time. Claim your company profile for free and let BizVibe connect you with potential business partners around the world.

About BizVibe

BizVibe is home to over 7 million+ company profiles across 700+ categories. The single-minded focus of BizVibe’s platform is to make networking easier. Over the years, we've searched far and wide to figure out how businesses connect and enable trade. That first interaction is usually fraught with the uncertainty of finding a potential partner vs. a potential nightmare. With this in mind, we've designed a robust set of tools to help companies generate leads, shortlist prospects, network with businesses from around the world and trade seamlessly.

BizVibe is headquartered in Toronto, and has offices in London, Bangalore and Beijing. For more information on the BizVibe network, please contact us.

Contacts

BizVibe
Jesse Maida
Media & Marketing Executive
media@bizvibe.com

#Hashtags

Contacts

BizVibe
Jesse Maida
Media & Marketing Executive
media@bizvibe.com