Textile Yarn Market - Forecast(2024 - 2030)

Report Code: AGR 12653 Report Format: PDF + Excel

Overview

Textile Yarn Market size is forecast to reach $12.2 billion by 2025, after growing at a CAGR of 4.1% during 2020-2025. Product types such as silk, hemp, and viscose have been in demand owing to the demand for high value fabrics and due to a shift in consumer preference to more comfortable/affordable clothing. The market demand for blended varieties has also experienced higher than average growth, as they combine the useful characteristics of natural and artificial yarn. Hence, textile yarn will be viewed as a business opportunity in the forecast period.

Report Coverage

The report: “Textile Yarn Market – Forecast (2020-2025)”, by IndustryARC, covers an in-depth analysis of the following segments of the Textile Yarn Market Industry.
By Source: Animal, Plant and Chemical and Others
By Type: Natural, Artificial and Others
By Application: Apparel, Home Textile, Industrial and Others
By Geography: North America, South America, Europe, APAC, and RoW

Key Takeaways

  • The textile yarn market is driven by factors such as urbanization and high industrial requirement.
  • Among application, apparel segment is projected to lead the textile yarn market during the forecast period.
  • Asia Pacific dominated the textile yarn market due to increasing population

By Source - Segment Analysis

Chemical segment held a significant share in textile yarn market in 2019. The chemical source segment covers polyester, nylon, viscose, and acrylic textile yarn and holds the largest market share in the global textile yarn market. Production of textiles consists of a long multistep chain involving a large number of chemically heterogeneous compounds. Polyester is the most used and most preferred fiber in the textiles industry due to its better physical properties, lower price, versatility, and recyclability, which offer a completely unique set of benefits unmatched by any other natural or synthetic fibers.

By Type - Segment Analysis

Artificial segment held a significant share in textile yarn market in 2019. Nylon is a polymer with very long, heavy molecules made up of small endlessly repeating segments of atoms that can be molded into any product or drawn into fibers for making fabrics. It is estimated that production growth will continue and will reach 114,000 tons of nylon 6 fiber while nylon 6,6 will remain steady at around 2,000 tons till 2020. Viscose is the fastest growing yarn across the globe and has found its application in apparel industry in several places as a substitute for polyester. Silk is the fastest-growing natural yarn segment of textile yarn market, particularly in developing Asian economies due to the extensive fabric production in these countries. Natural fibers are little elastic and extremely breathable. Cotton is the most common plant fiber, while synthetic fibers come in the three forms such as a filament, staple, and tow. Filament and spun are basic types of the textile yarn. The artificial textile yarn products are likely to face stiff competition from natural textile yarn such as hemp and silk yarn, as these segments have been fast growing owing to the demand for hemp in industrial uses and silk for fabric. Cotton and wool textile yarn have persistently been threats to this segment.

By Application - Segment Analysis

Apparel segment held a significant share in textile yarn market in 2019 growing at a CAGR of XX% during the forecast period. Polyester is widely used in the apparel segment of textile yarn. This is mainly attributed to the exceptional characteristics of the fiber, which includes quick drying, high durability, excellent elasticity, high wrinkle resistance, lightweight and high shape retention. These features find application in fashion industry where the clothing and apparel require wrinkle free and fade resistant properties.
Most positive coronavirus news currently comes from China. CCCT, the Chinese Textile and Apparel chamber of commerce, reports a positive trend in the resumption of operations in textile and apparel sectors. The capacity of production moved towards 80 percent of the normal situation. Logistics and port facilities are recovering. After surfacing in Wuhan late 2019, the draconian measures have worked even in Wuhan, and slowly but surely bring business back to normal. With Italy following China's measures effect is expected in the next two weeks. Major apparel production countries, India, Bangladesh, Turkey, Portugal and Morocco are operating at full capacity.

Geography- Segment Analysis

Asia Pacific dominated the textile yarn market with a share of more than XX%, followed by North America and Europe.  Textile yarn products such as cotton and polyester are among the widely used products in Asia-Pacific; changing consumption pattern is one of the major factors driving the textile yarn market in this region. The rising population levels have also created the demand for clothing and home furnishing products globally. Increasing per capita disposable income in these regions is another driver for the textile yarn market. The North American region is projected to be the fastest-growing market with investments from several multinational manufacturers, especially in countries such as U.S. and Canada.

Drivers – Textile Yarn Market

  • Growth in urbanization

Rapid growth in the urbanization and increasing requirement of the industries are the major factors that anticipate driving the market growth. The shift in consumer preference towards affordable and comfortable clothing increases the demand for high-value fabrics such as viscose, silk, and hemp. Blended varieties of fibers are also taking immense growth in the market owing to significant features of both artificial and natural yarn thus opening up new growth opportunities in the coming years.

Challenges – Textile Yarn Market

  • Strict regulations

Stringent government regulations for the trade of textile yarn products pose as one of the restraints for the textile yarn market. Instability in the production of plant and animal source yarn and the strict regulation that is imposed on the trade of textile yarn products restraints the global textile yarn market to some extent. Moreover, Polyester fiber is derived from refining of crude oil. Crude oil prices are highly fluctuating which is expected to have adverse impacts on its production, thus hindering the textile yarn market demand.

Market Landscape

Technology launches, acquisitions and R&D activities are key strategies adopted by players in the textile yarn market. In 2019, the market of textile yarn has been consolidated by the top five players accounting for xx% of the share. Major players in the textile yarn market are Parkdale Mills Incorporated, Hengli Group, Kairuide Holding Co. Ltd., Vardhman Textiles Limited, and Birleþik Koyunlulular Mensucat TIC. V, Weiqiao Textile Company Limited, E SAN. A.Þ., Low & Bonar Plc., Raymond Limited, Huvis Corporation, and Grasim Industries Limited. others.

Expansion

  • In October 2019, Parkdale Mills has completed a $101-million project to expand and upgrade its plant in Rabun Gap in Georgia state. Parkdale operates 28 yarn spinning and consumer product producing facilities, employing 5,200 people across eight states.
  • In May 2019, Weiqiao Textile Company Limited built a new fully-automated, smart spinning and weaving production line in Shandong province of China at an estimated investment of RMB 820 million.
1. Textile Yarn Market - Overview
        1.1 Definitions and Scope
2. Textile Yarn Market - Executive summary
        2.1 Market Revenue, Market Size and Key Trends by Company
        2.2 Key Trends by type of Application
        2.3 Key Trends segmented by Geography
3. Textile Yarn Market
        3.1 Comparative analysis
            3.1.1 Product Benchmarking - Top 10 companies
            3.1.2 Top 5 Financials Analysis
            3.1.3 Market Value split by Top 10 companies
            3.1.4 Patent Analysis - Top 10 companies
            3.1.5 Pricing Analysis
4. Textile Yarn Market - Startup companies Scenario Premium
        4.1 Top 10 startup company Analysis by
            4.1.1 Investment
            4.1.2 Revenue
            4.1.3 Market Shares
            4.1.4 Market Size and Application Analysis
            4.1.5 Venture Capital and Funding Scenario
5. Textile Yarn Market - Industry Market Entry Scenario Premium
        5.1 Regulatory Framework Overview
        5.2 New Business and Ease of Doing business index
        5.3 Case studies of successful ventures
        5.4 Customer Analysis - Top 10 companies
6. Textile Yarn Market Forces
        6.1 Drivers
        6.2 Constraints
        6.3 Challenges
        6.4 Porters five force model
            6.4.1 Bargaining power of suppliers
            6.4.2 Bargaining powers of customers
            6.4.3 Threat of new entrants
            6.4.4 Rivalry among existing players
            6.4.5 Threat of substitutes
7. Textile Yarn Market -Strategic analysis
        7.1 Value chain analysis
        7.2 Opportunities analysis
        7.3 Product life cycle
        7.4 Suppliers and distributors Market Share
8. Textile Yarn Market - By Source (Market Size -$Million / $Billion)
8.1 Introduction 
8.2 Animal Source 
8.3 Plant Source 
8.4 Chemical Source 
8.5 Others
9. Textile Yarn Market - By Type (Market Size -$Million / $Billion)
9.1 Introduction 
9.2 Natural Yarn 
            9.2.1 Animal Yarn
                  9.2.1.1 Silk Yarn
                  9.2.1.2 Wool Yarn
            9.2.2 Plant Yarn
                  9.2.2.1 Cotton Yarn
                  9.2.2.2 Flax Yarn
                  9.2.2.3 Hemp Yarn
                  9.2.2.4 Jute Yarn
                  9.2.2.5 Ramie Yarn
9.3 Artificial Yarn 
            9.3.1 Polyester
            9.3.2 Nylon
            9.3.3 Acrylic
            9.3.4 Viscose
9.4 Others
10. Textile Yarn - By Application (Market Size -$Million / $Billion)
10.1 Apparel
10.2 Home Textile
10.3 Industrial
10.4 Other Application
11. Textile Yarn- By Geography (Market Size -$Million / $Billion)
        11.1 Textile Yarn Market - North America Segment Research
        11.2 North America Market Research (Million / $Billion)
            11.2.1 Segment type Size and Market Size Analysis
            11.2.2 Revenue and Trends
            11.2.3 Application Revenue and Trends by type of Application
            11.2.4 Company Revenue and Product Analysis
            11.2.5 North America Product type and Application Market Size
                  11.2.5.1 U.S
                  11.2.5.2 Canada
                  11.2.5.3 Mexico
                  11.2.5.4 Rest of North America
        11.3 Textile Yarn- South America Segment Research
        11.4 South America Market Research (Market Size -$Million / $Billion)
            11.4.1 Segment type Size and Market Size Analysis
            11.4.2 Revenue and Trends
            11.4.3 Application Revenue and Trends by type of Application
            11.4.4 Company Revenue and Product Analysis
            11.4.5 South America Product type and Application Market Size
                  11.4.5.1 Brazil
                  11.4.5.2 Venezuela
                  11.4.5.3 Argentina
                  11.4.5.4 Ecuador
                  11.4.5.5 Peru
                  11.4.5.6 Colombia
                  11.4.5.7 Costa Rica
                  11.4.5.8 Rest of South America
        11.5 Textile Yarn- Europe Segment Research
        11.6 Europe Market Research (Market Size -$Million / $Billion)
            11.6.1 Segment type Size and Market Size Analysis
            11.6.2 Revenue and Trends
            11.6.3 Application Revenue and Trends by type of Application
            11.6.4 Company Revenue and Product Analysis
            11.6.5 Europe Segment Product type and Application Market Size
                  11.6.5.1 U.K
                  11.6.5.2 Germany
                  11.6.5.3 Italy
                  11.6.5.4 France
                  11.6.5.5 Netherlands
                  11.6.5.6 Belgium
                  11.6.5.7 Denmark
                  11.6.5.8 Spain
                  11.6.5.9 Rest of Europe
        11.7 Textile Yarn - APAC Segment Research
        11.8 APAC Market Research (Market Size -$Million / $Billion)
            11.8.1 Segment type Size and Market Size Analysis
            11.8.2 Revenue and Trends
            11.8.3 Application Revenue and Trends by type of Application
            11.8.4 Company Revenue and Product Analysis
            11.8.5 APAC Segment - Product type and Application Market Size
                  11.8.5.1 China
                  11.8.5.2 Australia
                  11.8.5.3 Japan
                  11.8.5.4 South Korea
                  11.8.5.5 India
                  11.8.5.6 Taiwan
                  11.8.5.7 Malaysia
                  11.8.5.8 Hong kong
                  11.8.5.9 Rest of APAC
        11.9 Textile Yarn - Middle East Segment and Africa Segment Research
        11.10 Middle East & Africa Market Research (Market Size -$Million / $Billion)
            11.10.1 Segment type Size and Market Size Analysis
            11.10.2 Revenue and Trend Analysis
            11.10.3 Application Revenue and Trends by type of Application
            11.10.4 Company Revenue and Product Analysis
            11.10.5 Middle East Segment Product type and Application Market Size
                  11.10.5.1 Israel
                  11.10.5.2 Saudi Arabia
                  11.10.5.3 UAE
            11.10.6 Africa Segment Analysis
                  11.10.6.1 South Africa
                  11.10.6.2 Rest of Middle East & Africa
12. Textile Yarn Market - Entropy
        12.1 New product launches
        12.2 M&A s, collaborations, JVs and partnerships
13. Textile Yarn Market - Industry / Segment Competition landscape Premium
        13.1 Market Share Analysis
            13.1.1 Market Share by Country- Top companies
            13.1.2 Market Share by Region- Top 10 companies
            13.1.3 Market Share by type of Application - Top 10 companies
            13.1.4 Market Share by type of Product / Product category- Top 10 companies
            13.1.5 Market Share at global level - Top 10 companies
            13.1.6 Best Practises for companies
14. Textile Yarn Market - Key Company List by Country Premium
15. Textile Yarn Market Company Analysis
        15.1 Market Share, Company Revenue, Products, M&A, Developments
        15.2 Birleik Koyunlulular Mensucat Tic Ve San A
        15.3 Grasim Industry Limited
        15.4 Hengli Group
        15.5 Huvis Corporation
        15.6 Kairuide Holding Co. Ltd
        15.7 Low & Bonar Plc
        15.8 Parkdale Mill Incorporated
        15.9 Raymond Limited
        15.10 Vardhman Textile Limited
        15.11 Weiqiao Textile Company Limited
        15.12 Company 11
        15.13 Company 12 & More
*Financials would be provided on a best efforts basis for private companies
16. Textile Yarn Market - Appendix
        16.1 Abbreviations
        16.2 Sources
17. Textile Yarn Market - Methodology
        17.1 Research Methodology
            17.1.1 Company Expert Interviews
            17.1.2 Industry Databases
            17.1.3 Associations
            17.1.4 Company News
            17.1.5 Company Annual Reports
            17.1.6 Application Trends
            17.1.7 New Products and Product database
            17.1.8 Company Transcripts
            17.1.9 R&D Trends
            17.1.10 Key Opinion Leaders Interviews
            17.1.11 Supply and Demand Trends

LIST OF TABLES

1.Global Textile Yarn Market, By Source Market 2019-2024 ($M)
1.1 Animal Source Market 2019-2024 ($M) - Global Industry Research
1.2 Plant Source Market 2019-2024 ($M) - Global Industry Research
1.3 Chemical Source Market 2019-2024 ($M) - Global Industry Research
2.Global Textile Yarn Market, By Type Market 2019-2024 ($M)
2.1 Natural Yarn Market 2019-2024 ($M) - Global Industry Research
2.1.1 Animal Yarn Market 2019-2024 ($M)
2.1.2 Plant Yarn Market 2019-2024 ($M)
2.2 Artificial Yarn Market 2019-2024 ($M) - Global Industry Research
2.2.1 Polyester Market 2019-2024 ($M)
2.2.2 Nylon Market 2019-2024 ($M)
2.2.3 Acrylic Market 2019-2024 ($M)
2.2.4 Viscose Market 2019-2024 ($M)
3.Global Textile Yarn Market, By Source Market 2019-2024 (Volume/Units)
3.1 Animal Source Market 2019-2024 (Volume/Units) - Global Industry Research
3.2 Plant Source Market 2019-2024 (Volume/Units) - Global Industry Research
3.3 Chemical Source Market 2019-2024 (Volume/Units) - Global Industry Research
4.Global Textile Yarn Market, By Type Market 2019-2024 (Volume/Units)
4.1 Natural Yarn Market 2019-2024 (Volume/Units) - Global Industry Research
4.1.1 Animal Yarn Market 2019-2024 (Volume/Units)
4.1.2 Plant Yarn Market 2019-2024 (Volume/Units)
4.2 Artificial Yarn Market 2019-2024 (Volume/Units) - Global Industry Research
4.2.1 Polyester Market 2019-2024 (Volume/Units)
4.2.2 Nylon Market 2019-2024 (Volume/Units)
4.2.3 Acrylic Market 2019-2024 (Volume/Units)
4.2.4 Viscose Market 2019-2024 (Volume/Units)
5.North America Textile Yarn Market, By Source Market 2019-2024 ($M)
5.1 Animal Source Market 2019-2024 ($M) - Regional Industry Research
5.2 Plant Source Market 2019-2024 ($M) - Regional Industry Research
5.3 Chemical Source Market 2019-2024 ($M) - Regional Industry Research
6.North America Textile Yarn Market, By Type Market 2019-2024 ($M)
6.1 Natural Yarn Market 2019-2024 ($M) - Regional Industry Research
6.1.1 Animal Yarn Market 2019-2024 ($M)
6.1.2 Plant Yarn Market 2019-2024 ($M)
6.2 Artificial Yarn Market 2019-2024 ($M) - Regional Industry Research
6.2.1 Polyester Market 2019-2024 ($M)
6.2.2 Nylon Market 2019-2024 ($M)
6.2.3 Acrylic Market 2019-2024 ($M)
6.2.4 Viscose Market 2019-2024 ($M)
7.South America Textile Yarn Market, By Source Market 2019-2024 ($M)
7.1 Animal Source Market 2019-2024 ($M) - Regional Industry Research
7.2 Plant Source Market 2019-2024 ($M) - Regional Industry Research
7.3 Chemical Source Market 2019-2024 ($M) - Regional Industry Research
8.South America Textile Yarn Market, By Type Market 2019-2024 ($M)
8.1 Natural Yarn Market 2019-2024 ($M) - Regional Industry Research
8.1.1 Animal Yarn Market 2019-2024 ($M)
8.1.2 Plant Yarn Market 2019-2024 ($M)
8.2 Artificial Yarn Market 2019-2024 ($M) - Regional Industry Research
8.2.1 Polyester Market 2019-2024 ($M)
8.2.2 Nylon Market 2019-2024 ($M)
8.2.3 Acrylic Market 2019-2024 ($M)
8.2.4 Viscose Market 2019-2024 ($M)
9.Europe Textile Yarn Market, By Source Market 2019-2024 ($M)
9.1 Animal Source Market 2019-2024 ($M) - Regional Industry Research
9.2 Plant Source Market 2019-2024 ($M) - Regional Industry Research
9.3 Chemical Source Market 2019-2024 ($M) - Regional Industry Research
10.Europe Textile Yarn Market, By Type Market 2019-2024 ($M)
10.1 Natural Yarn Market 2019-2024 ($M) - Regional Industry Research
10.1.1 Animal Yarn Market 2019-2024 ($M)
10.1.2 Plant Yarn Market 2019-2024 ($M)
10.2 Artificial Yarn Market 2019-2024 ($M) - Regional Industry Research
10.2.1 Polyester Market 2019-2024 ($M)
10.2.2 Nylon Market 2019-2024 ($M)
10.2.3 Acrylic Market 2019-2024 ($M)
10.2.4 Viscose Market 2019-2024 ($M)
11.APAC Textile Yarn Market, By Source Market 2019-2024 ($M)
11.1 Animal Source Market 2019-2024 ($M) - Regional Industry Research
11.2 Plant Source Market 2019-2024 ($M) - Regional Industry Research
11.3 Chemical Source Market 2019-2024 ($M) - Regional Industry Research
12.APAC Textile Yarn Market, By Type Market 2019-2024 ($M)
12.1 Natural Yarn Market 2019-2024 ($M) - Regional Industry Research
12.1.1 Animal Yarn Market 2019-2024 ($M)
12.1.2 Plant Yarn Market 2019-2024 ($M)
12.2 Artificial Yarn Market 2019-2024 ($M) - Regional Industry Research
12.2.1 Polyester Market 2019-2024 ($M)
12.2.2 Nylon Market 2019-2024 ($M)
12.2.3 Acrylic Market 2019-2024 ($M)
12.2.4 Viscose Market 2019-2024 ($M)
13.MENA Textile Yarn Market, By Source Market 2019-2024 ($M)
13.1 Animal Source Market 2019-2024 ($M) - Regional Industry Research
13.2 Plant Source Market 2019-2024 ($M) - Regional Industry Research
13.3 Chemical Source Market 2019-2024 ($M) - Regional Industry Research
14.MENA Textile Yarn Market, By Type Market 2019-2024 ($M)
14.1 Natural Yarn Market 2019-2024 ($M) - Regional Industry Research
14.1.1 Animal Yarn Market 2019-2024 ($M)
14.1.2 Plant Yarn Market 2019-2024 ($M)
14.2 Artificial Yarn Market 2019-2024 ($M) - Regional Industry Research
14.2.1 Polyester Market 2019-2024 ($M)
14.2.2 Nylon Market 2019-2024 ($M)
14.2.3 Acrylic Market 2019-2024 ($M)
14.2.4 Viscose Market 2019-2024 ($M)

LIST OF FIGURES

1.US Textile Yarn Market Revenue, 2019-2024 ($M)
2.Canada Textile Yarn Market Revenue, 2019-2024 ($M)
3.Mexico Textile Yarn Market Revenue, 2019-2024 ($M)
4.Brazil Textile Yarn Market Revenue, 2019-2024 ($M)
5.Argentina Textile Yarn Market Revenue, 2019-2024 ($M)
6.Peru Textile Yarn Market Revenue, 2019-2024 ($M)
7.Colombia Textile Yarn Market Revenue, 2019-2024 ($M)
8.Chile Textile Yarn Market Revenue, 2019-2024 ($M)
9.Rest of South America Textile Yarn Market Revenue, 2019-2024 ($M)
10.UK Textile Yarn Market Revenue, 2019-2024 ($M)
11.Germany Textile Yarn Market Revenue, 2019-2024 ($M)
12.France Textile Yarn Market Revenue, 2019-2024 ($M)
13.Italy Textile Yarn Market Revenue, 2019-2024 ($M)
14.Spain Textile Yarn Market Revenue, 2019-2024 ($M)
15.Rest of Europe Textile Yarn Market Revenue, 2019-2024 ($M)
16.China Textile Yarn Market Revenue, 2019-2024 ($M)
17.India Textile Yarn Market Revenue, 2019-2024 ($M)
18.Japan Textile Yarn Market Revenue, 2019-2024 ($M)
19.South Korea Textile Yarn Market Revenue, 2019-2024 ($M)
20.South Africa Textile Yarn Market Revenue, 2019-2024 ($M)
21.North America Textile Yarn By Application
22.South America Textile Yarn By Application
23.Europe Textile Yarn By Application
24.APAC Textile Yarn By Application
25.MENA Textile Yarn By Application
26.Parkdale Mill Incorporated, Sales /Revenue, 2015-2018 ($Mn/$Bn)
27.Vardhman Textile Limited, Sales /Revenue, 2015-2018 ($Mn/$Bn)
28.Huvis Corporation, Sales /Revenue, 2015-2018 ($Mn/$Bn)
29.Grasim Industry Limited, Sales /Revenue, 2015-2018 ($Mn/$Bn)
30.Raymond Limited, Sales /Revenue, 2015-2018 ($Mn/$Bn)
31.Weiqiao Textile Company Limited, Sales /Revenue, 2015-2018 ($Mn/$Bn)
32.Kairuide Holding Co. Ltd, Sales /Revenue, 2015-2018 ($Mn/$Bn)
33.Low & Bonar Plc, Sales /Revenue, 2015-2018 ($Mn/$Bn)
34.Birleik Koyunlulular Mensucat Tic Ve San A, Sales /Revenue, 2015-2018 ($Mn/$Bn)
35.Hengli Group, Sales /Revenue, 2015-2018 ($Mn/$Bn)