The Global Textile Yarn Market size is projected to have a healthy growth rate of 11.8% CAGR over the forecast period (from 2021-2028). The demand for textiles has been expanding at a rapid pace in emerging economies such as India, China, and Indonesia. Additionally, the shift towards higher quality products by consumers across major markets like the US and Europe will create more opportunities for companies operating in this space. However, uncertainty about import tariffs may hinder some of these developments; it remains to be seen whether Europe’s new trade agreement with Japan will result in increased exports from European countries into Japanese markets or if other regional agreements might have an impact on Latin America’s textile sector.
Textile Yarn is a long continuous strand of interlaced fibers. It can be an animal, plant, or chemical in nature. Textiles are broadly classified as natural and synthetic textiles. Natural textile fibers include cotton, wool, silk, cashmere, etc., while synthetics comprise artificial polymers such as nylon and polyester that have been artificially processed from petrochemicals with properties similar to those of the original fibers but lower cost and faster production time for mass-production.
On the basis of Type, the market is segmented into Animal (wool), Plant (cotton), and Chemical. The animal type segment is expected to account for a major share in the global textile yarn market during 2021-2028 due to increasing demand from heavy industries such as aerospace and defense, civil aviation, etc.
Plant types are also projected to grow at a faster pace owing to decreasing cost of raw material coupled with the high need for renewable plant resources especially cotton fiber which drives their production worldwide likely leading them towards dominating the Textile Yarn Market by the 2028 end period.
Animal yarn, also known as woolen or worsted, is a type of textiles used to make clothing. It is made from animal hair fibers and can be soft or coarse depending on the type of fiber that was used during manufacturing. The most common animals whose fur has been used for making this kind of textile are sheep (for lambswool) and goats (for cashmere).
It's usually composed primarily of natural fibers such as cotton, silk, linen, or hemp which have been spun into strands by twisting them together in opposite directions with each other. Cotton-silk blend fabrics are often referred to as "yarns". Industrial applications typically require heavier weight textile materials than home usage because they are often subject to harsh conditions.
Plant Textile Yarn is a type of yarn that is created by extracting and processing natural cellulose fiber from plants. Plant textile yarns can be classified as either bast or non-bast fibers, which vary based on the types of plant material they come from. Bast fibers are made with the bark pulp while non-bast fiber use cuticle layers near the surface of stems, leaves, seedpods, and flowers to produce their textiles.
In general, only one species of plant will be used for any given process because it allows manufacturers to standardize production processes. This makes creating a consistent product more easily achieved than when different materials are combined together in order to create new combinations as needed during manufacturing operations.
Chemical Plant Textile Yarn is made from engineered fibers such as polyamide, nylon, or the like. Chemical plant textile yarn is also known as high-performance fiber which has a large number of applications in different industries. These include the automotive and military sectors for their strength, chemical-resistant nature, and durability to withstand extreme temperatures. The other application includes the medical industry where textiles provide protection from bacteria that may be present on surfaces at hospitals etc., with its anti-microbial properties preventing the growth of infection-causing microorganisms over time.
On the basis of Application, the market is segmented into Apparel, Home Textile, Industrial, and Others. The Home Textile segment will witness a sluggish growth rate due to rising costs and global economic conditions, followed by Industrial applications which are expected to register an average annual growth rate during the forecast period. In Latin America, the Asia Pacific and Middle East & Africa regions, apparels are likely to be predominantly used for textile production as they account for more than 90% share of total apparel consumption in these countries respectively; while home textiles are unlikely because it has not been traditionally consumed at high levels there due to stiff competition from synthetic fibers such as artificial polyester or nylon which are cheaper alternatives that offer better comfort and washability.
On the basis of Region, the market is segmented into North America, Latin America, Europe, The Asia Pacific, and Middle East & Africa. The North American market is the leading market and accounted for a significant share of global textile yarn in 2017. The consumption trend is predicted to be steady over the forecast period as well, owing to increasing demand from the home textile applications.
The Asia Pacific region has witnessed decent growth over the last few years due mainly to rapid industrialization and high population movement into urban cities which require a large amount of textiles products such as cotton fabric etc. This will drive up their need for raw materials like textile yarns that are used for making clothes or other household items at an unprecedented pace during this time span. Europe has also shown increased production levels in most of its countries including France, Italy, Germany among others which would trigger more demand towards supply chain industries.
The demand for textiles and apparel, which remains the largest application segment in terms of revenue generation, has been on an upward trajectory. Moreover, with consumers increasingly opting for natural fabrics such as cotton and linen over synthetic ones, there will be substantial growth across this region. Other factors driving the industry's expansion include increasing disposable income levels among middle-class buyers worldwide; changing lifestyles that lead people towards buying more clothing products; favorable demographics (e.g., rising population); growing technology penetration rates owing to improvements in internet connectivity enabling customers from developing countries access international retailers online stores without any language barriers or geographical restrictions.; significant growth opportunities are expected in the APAC region.
Up Market Research published a new report titled “Textile Yarn Market research report which is segmented by Types (Animal, Plant, Chemical), By Applications (Apparel, Home Textile, Industrial, Others), By Players/Companies Parkdale Mills, Vardhman Textiles, Huvis, Grasim Industries, Raymond, Weiqiao Textile, Kairuide Holding, Low & Bonar, Hengli”.
|Report Attributes||Report Details|
|Report Title||Textile Yarn Market Research Report|
|By Type||Animal, Plant, Chemical|
|By Application||Apparel, Home Textile, Industrial, Others|
|By Companies||Parkdale Mills, Vardhman Textiles, Huvis, Grasim Industries, Raymond, Weiqiao Textile, Kairuide Holding, Low & Bonar, Hengli|
|Regions Covered||North America, Europe, APAC, Latin America, MEA|
|Historical Year||2018 to 2019 (Data from 2010 can be provided as per availability)|
|Number of Pages||210|
|Number of Tables & Figures||147|
|Customization Available||Yes, the report can be customized as per your need.|
The report covers comprehensive data on emerging trends, market drivers, growth opportunities, and restraints that can change the market dynamics of the industry. It provides an in-depth analysis of the market segments which include products, applications, and competitor analysis.
The market is segmented by Type Animal, Plant, Chemical and By Application Apparel, Home Textile, Industrial, Others.
Some of the companies that are profiled in this report are:
Textile Yarn Market research report delivers a close watch on leading competitors with strategic analysis, micro and macro market trend and scenarios, pricing analysis and a holistic overview of the market situations in the forecast period. It is a professional and a detailed report focusing on primary and secondary drivers, market share, leading segments and geographical analysis. Further, key players, major collaborations, merger & acquisitions along with trending innovation and business policies are reviewed in the report.
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Based on region, the market is segmented into North America, Europe, Asia Pacific, Latin America and Middle East & Africa (MEA). North America region is further bifurcated into countries such as U.S., and Canada. The Europe region is further categorized into U.K., France, Germany, Italy, Spain, Russia, and Rest of Europe. Asia Pacific is further segmented into China, Japan, South Korea, India, Australia, South East Asia, and Rest of Asia Pacific. Latin America region is further segmented into Brazil, Mexico, and Rest of Latin America, and the MEA region is further divided into GCC, Turkey, South Africa, and Rest of MEA.
We have studied the Textile Yarn Market in 360 degrees via. both primary & secondary research methodologies. This helped us in building an understanding of the current market dynamics, supply-demand gap, pricing trends, product preferences, consumer patterns & so on. The findings were further validated through primary research with industry experts & opinion leaders across countries. The data is further compiled & validated through various market estimation & data validation methodologies. Further, we also have our in-house data forecasting model to predict market growth up to 2028.
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