Textile Yarn Market: Global Market Estimation, Dynamics, Regional Share, Trends, Competitor Analysis 2015 to 2020 and Forecast 2021 to 2027

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Textile Yarn Market by Yarn Type (Natural, Artificial), By Source (Animal, Plant, Chemical), By Application (Apparel, Industrial, Home Textiles, Others), and Geography (North America, Latin America, Europe, Middle East and Africa, Asia Pacific)

 

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Report

Description

The global textile yarn market size valued USD 12.09 billion in 2020 and expected to reach USD 16.06 billion by 2027, at a CAGR of 4.8% during the forecast period 2021-2027. 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. 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

MARKET SUMMARY
-
4.8% CAGR
  • Study Period– 2021 – 2027
  • Base Year– 2020
  • CAGR– 4.8%
  • Largest Market– North America
  • Fastest Growing Market– Europe

Textile Yarn Market

  • The report on global textile yarn market gives historical, current and future market sizes (US$ Bn) based on type, source, application, and  geographical regions.
  • textile yarn market report gives comprehensive outlook across the region with special emphasis on key regions such as North America, Europe, Asia Pacific, Latin America and Middle East and Africa.
Key Players
  • Parkdale Mills Incorporated
  • Grasim Industries Ltd
  • Weiqiao Textile Company Ltd
  • Vardhman Textiles Ltd.
  • Huvis Corporation
Textile Yarn Market

Drivers And Restraints

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.


North-America got significant share

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.

Latin America
Latin-America
North-America
North-America
Europe
Europe
Asia Pacific
Asia-Pacific
Middle East
Middle East

Key

Notable Market Developments

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

Key

Key Features of the Report

Textile Yarn Market Segmentation


Location

GEOGRAPHY


Report

Table Of Content


Report

Company Profile

  • 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.)

Description

The global textile yarn market size valued USD 12.09 billion in 2020 and expected to reach USD 16.06 billion by 2027, at a CAGR of 4.8% during the forecast period 2021-2027. 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. 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.

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