Description

Market Outline: Textile Yarn Market

 

Textile yarn is long continuous length of the interlocked fibers, used in the manufacturing of textiles. Textile yarn can be available in natural or synthetic form. Natural textile yarn such as cotton, silk, and wool are made up of plant or animal sources and artificial textile yarn such as polyester, viscose, nylon, and acrylic textile yarn are made from chemical substances. Textile yarns is majorly used in the textile industry for the manufacturing of apparel, home textiles, medical, and sports products.

 

Textile Yarn Market

 

Market Dynamics: Textile Yarn Market

 

The growing tendency for personal appearance, rise in global population leads to increase in the demand for textiles, increase in the production of natural fibers such as cotton, silk, and wool, and growing number of textile industries are anticipated to fuel the market. Moreover, government support for the textile industries, increase in number of injuries and surgical procedures, and advancements in synthetic fibers are also propel the market natural fibers are hamper the growth of market over the forecast period.

 

Global textile yarn market is growing at a significant CAGR owing to increase in the preference for personnel appearance and home textiles. In addition, advancements in the synthetic fibers which are resistant to the fire, stain, and water, government support for the textile industry, and increase in international trading of textiles are anticipated to fuel the market. Moreover, acquisitions and mergers and collaborations between the market players, product launches are the key strategies adopted by the market players. For instance, in June 2017, Scholler Textil AG collaborated with The Lubrizol Corporation to develop newer fabrics in terms of compression, wearer comfort, and fabric elongation. Moreover, in October 2015, DyStar and its partner companies launched novel viscose melange yarn Danufil Proshade into the market.

 

Textile yarn market is segmented based on yarn type, source, application, and region

Based on the yarn type, the market is segmented into the following:

  • Natural Yarn
    • Cotton
    • Silk
    • Wool
    • Jute
    • Hemp
    • Flax
    • Others
  • Artificial Yarn
    • Nylon
    • Polyester
    • Acrylic
    • Viscose
    • Others

Based on the source, the market is segmented into the following:

  • Animal
  • Plant
  • Chemical

Based on the application, the market is segmented into the following:

  • Apparel
  • Industrial
  • Home Textiles
  • Others

Based on the region, the market is segmented into the following:

  • North America
  • Europe
  • Asia Pacific
  • Latin America
  • Middle East and Africa

 

Regional Analysis:  Global Textile Yarn Market

Geographically, the market is segmented into North America, Europe, Asia Pacific, Latin America, and Middle East and Africa. Europe has a lucrative growth owing to synthesis of newer yarns which are resistance to water and fire, rise in per capita income, and increase in the number of textile industries in the region. Asia Pacific has a prominent share owing to presence of huge number of population in China and India, increase in the production of natural fibers such as cotton and wool, growing international trading. Latin America has a significant share owing to development in economic growth, expansion of business by market players, and adoption of newer textiles in the region. Middle East and Africa is projected to grow at moderate CAGR due to rise in population in African countries and increase in preference for personal appearance and home textiles in the region.

 

Competition Assessment:

  • Parkdale Mills Incorporated (U.S.)
  • Grasim Industries Ltd (India)
  • Weiqiao Textile Company Ltd (China)
  • Vardhman Textiles Ltd. (India)
  • Huvis Corporation (South Korea)
  • Raymond Limited (India)
  • Scholler Textil AG (Switzerland)
  • The Lubrizol Corporation (U.S.)
  • DyStar Singapore Pte Ltd (Singapore)
  • Glen Raven, Inc. (U.S.)

 

Notable Market Developments:

  • In August 2017, Glen Raven, Inc. acquired Sanbury textile mills for the development of Sunbrella fabrics

 

 

Key Features of the Report:

  • The report provides granular level information about the market size, regional market share, historic market (2015 to 2019) and forecast (2020 to 2026)
  • The report covers in-detail insights about the competitor’s overview, company share analysis, key market developments, and their key strategies
  • The report outlines drivers, restraints, unmet needs, and trends that are currently affecting the market
  • The report tracks recent innovations, key developments and startup’s details that are actively working in the market
  • The report provides plethora of information about market entry strategies, regulatory framework and reimbursement scenario
  • The report analyses the impact of socio-political environment through PESTLE Analysis and competition through Porter’s Five Force Analysis in addition to recent technology advancements and innovations in the market


Location

GEOGRAPHY

PBI Location Map

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