The Global Yarn Fiber and Thread Market size is projected to reach USD 124.3 billion by 2028 from an estimated value of USD 98.1 billion in 2019, growing at a CAGR of 3.4% during the forecast period (2019-2028). The growth will be driven by the increasing demand for textile products across the globe owing to the rising population and increased disposable income levels as well as improving standards of living in developing economies.
Yarn Fiber and Thread is a continuous strand of either natural or artificial fibers that are used to make textiles. The process begins with the production of yarn which can be made from different materials such as cotton, wool, hemp, silk, etc. Yarn is a key raw material in the textile industry. Yarns are used as one of the inputs for weaving and knitting machines. They have many uses including textiles, clothing, carpets, upholstery fabric, and rugs. In addition to yarn production in mills (textile spinning factories), thread manufacturing plants also prepare threads that are then supplied to producers of woven or knitted fabrics. Thread yields higher margins than yarn due to lower costs associated with producing it.
On the basis of Type, the market is segmented into Regular Products and Special Products.
Regular products are those that are in the market for a long time and have gained popularity among consumers. They come in different varieties, colors, textures, and sizes. These types of yarns can be knitted or crocheted into various items like sweaters, gloves, hats, etc., depending on their texture. The most commonly used regular product is cotton which has been around since ancient times. Cotton is produced by spinning the fibers from raw cotton plants to form threads which are then twisted together to make yarns with high durability levels such as woolen tweed thread or Egyptian cotton thread.
Cotton is the most commonly used material in making regular products since it has an excellent reputation for quality and affordability. The cotton industry is mainly concentrated in India, China, Pakistan, and Uganda.
Special Products are types of yarn that include unique products such as baby yarns, knitting thread, etc. Specialty threads and fibers do not have a large market share in the global textiles industry because they cater to niche markets with specific requirements for their fiber properties or other needs. These are thread strands that come with various combinations such as nylon-polyester blend which offers durability at a lower cost; wool - acrylic blends provide warmth without bulkiness; silk - polyester blend provides elasticity while retaining sheen; linen makes a high-quality product but requires expensive machinery to process, etc.
On the basis of Application, the market is segmented into Household and Commercial sectors. In 2017, the share of households was larger than that for the commercial sector in this market with a ratio of 70:30. This has been attributed to higher disposable income within households when compared to companies; thus, people are more likely to purchase fabric products for their homes such as upholstery fabrics or wall coverings rather than business-related items like carpets or curtains.
On the basis of Region, the market is segmented into North America, Latin America, Europe, Asia Pacific, and Middle East & Africa. In 2017, the share of Northeast Asia has been larger than that for Southeast Asia with a ratio of 40:60 due to higher per capita incomes in countries like Japan or South Korea when compared to regional counterparts such as Thailand or Indonesia.
The North American market demand for yarn fiber and thread is expected to grow continuously over the forecast period, owing to their increasing use across various industries such as apparel manufacturing, home textile products, and others. Europe dominates the global yarn fiber and thread market followed by the Asia Pacific excluding Japan (APEJ). North America comes to the third position among other regions such as Latin America that accounts for significant revenue share amongst others due to rising demand from end consumers coupled with increasing awareness about its benefits.
This market is estimated to grow significantly on account of increasing textile industry investments across the Asia Pacific and Latin American regions coupled with favorable regulatory policies that promote growth opportunities within this sector around the world.
Up Market Research published a new report titled “Yarn Fiber and Thread Market research report which is segmented by Types (Regular Products, Special Products), By Applications (Household, Commercial), By Players/Companies Toray Industries, Indorama, Weiqiao Textile, Far Eastern New Century, UniFi”.
|Report Attributes||Report Details|
|Report Title||Yarn Fiber and Thread Market Research Report|
|By Type||Regular Products, Special Products|
|By Application||Household, Commercial|
|By Companies||Toray Industries, Indorama, Weiqiao Textile, Far Eastern New Century, UniFi|
|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||238|
|Number of Tables & Figures||167|
|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 Regular Products, Special Products and By Application Household, Commercial.
Some of the companies that are profiled in this report are:
Yarn Fiber and Thread 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.
Key Benefits for Industry Participants & Stakeholders:
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 Yarn Fiber and Thread 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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