The market could be categorized based on applications into government and military spec., automotive, medical
orthopedic device, filter manufacturing, heavy-duty materials, lifting slings, safety harness, and others could be
explored in industrial threads in the forecast period. Globally, Asia Pacific accounted for the substantial market
share of industrial threads and is estimated to lead the overall market in the years to come. The reason behind
the overall market growth could be the rising use of advanced technology, easily available raw material, low
cost of production, and the presence of key manufacturers in the region. China is a key producer of industrial
threads in this region. The reason could be the easily available primary raw material like synthetic fiber required
for the production of thread.
Europe and North America are also estimated to have a positive influence on future growth. North America is
the second largest region with significant market share. The United States is a major consumer of industrial
threads in this region. However, Europe is estimated to grow at the highest CAGR in the forecast period. The
reason could be the growth in quality demanding customers.
The key players of the industrial threads market are Champion Thread Company, Coats Group Plc., Empress
Mills, American & Efrid Inc. (A&E), Fil-Tec Inc., Dupont, Somac Threads, Service Thread, and Amann Group. These
players are concentrating on inorganic growth to sustain themselves amidst fierce competition.
Browse Related Category Market Reports @
https://www.millioninsights.com/industry/textiles