PUBLISHER: Market Xcel - Markets and Data | PRODUCT CODE: 1571520
PUBLISHER: Market Xcel - Markets and Data | PRODUCT CODE: 1571520
Textile Yarn Market Assessment, By Yarn Type [Staple Yarn, Filament Yarn], By Material Type [Natural, Synthetic, Blended], By Application [Residential, Commercial, Industrial], By Region, Opportunities and Forecast, 2017-2031F
Global textile yarn market is projected to witness a CAGR of 4.92% during the forecast period 2024-2031, growing from USD 14.09 billion in 2023 to USD 20.69 billion in 2031. The market is expected to witness substantial expansion owing to changing consumer habits and better technologies. There has been a growing demand for sustainable and eco-friendly raw materials, such as organic cotton and recycled polyester, indicating a gradual move towards responsible consumption. Additionally, this trend is supported by the increasing practice of circular economy in the textile sector, which aims at waste minimization and materials reuse.
The developments in the yarn production systems, which include investments in automation and new spinning techniques, have improved productivity and efficiency, enabling the manufacturers to satisfy the increasing global need. The development of some crucial segments, such as clothing, home furnishings, and business textiles, has stimulated the growth of the market. Furthermore, the inclination towards textile yarns has risen owing to the growing demand for technical textiles, which are utilized in sectors such as automotive, medical, and construction.
Nonetheless, issues such as the volatility of prices for basic materials, ecological issues, and legislative restrictions on artificial fibers may present obstacles. However, with the advancements in eco-friendly materials and processes, the global textile yarn market is anticipated to continue demonstrating an upward trend within the forecast period due to increased consumption for fashion and industrial applications.
In June 2024, Gimatex Industries Pvt. Ltd. introduced excellent quality Chief Value Cotton Yarns (CVC Yarns) and Siro Compact Yarns with an option free of contaminants. The production process of Siro Compact Yarns uses compact spinning technology, which reduces flaws and improves the yarn's overall quality, producing fabrics that are stronger and smoother. CVC yarns have a touch of cotton that is stronger and has a higher gloss due to the addition of polyester or other man-made fibers.
Rising Demand for Sustainable Textiles Catalyzes Market Expansion
The increasing need for eco-friendly fabrics is dramatically transforming the global textile yarn market. There is a growing concern on the part of consumers and industries towards environmental issues and climate change, resource depletion, and the negative effects of traditional textile manufacturing. Consequently, green polymers such as organic cotton, bamboo, hemp, and recycled polyester are becoming more common. These green alternatives make use of less water, energy, and harmful chemicals in their production processes, reducing the overall impact on the environment.
Furthermore, companies and brands follow the circular economy model by encouraging the use of products that are made out of either renewable or recycled materials. This is especially true for the fashion sector, where conscious consumerism is highly prevalent, and consumers are advocating for the use of sustainable practices and activities in the supply chains, leading to the emergence of sustainable fashion movements.
As sustainability is becoming an essential component in every consumer's buying choice, the textile yarn market is experiencing a rising demand for fibers that are environmentally friendly and ethical, propelling the sustainable textiles trend as one of the most important factors contributing to the growth of the market in the forecast period.
In June 2023, Rubi Laboratories, Inc., based in the United States, and GANNI A/S, based in Denmark, introduced a yarn that is manufactured entirely of carbon emissions through an enzymatic process. These firms believe that yarn is neutral to land and water. The yarn samples come from a process called carbon sequestration, which is based on the idea that trees breathe CO2 and are inspired by photosynthesis.
Customization and Innovation to Fuel Market Growth
The textile yarn market is majorly influenced by innovation and customization, particularly due to the need for specialized and high-performance materials in different sectors. The manufacturers' attention is increasingly turning towards producing yarns with special characteristics to satisfy particular clientele's requirements. Companies are working on developing yarns for moisture management in sports apparel, flame-resistant fabrics for workwear, and antimicrobial yarns used in surgical sutures and other medical textiles. Such specialized yarns provide improved functional attributes and are therefore sought after in industries such as sports, health, and construction.
Other than the performance, customization with color, texture, and fiber blends is growing in significance as brands look to stand out in a competitive environment. For instance, in June 2023, Ferney Spinning Mills, in partnership with Floreal Knitwear Ltd., introduced its latest yarn collection, Otenya, made up of Spiber's Brewed Protein fibers. The company became the first in the world to introduce such a collection of yarns. The Brewed Protein fibers are plant-based, circular protein materials produced in a lab using a patented fermentation process that uses sugars supplied from plants as the main raw material for microbes.
Moreover, the process of yarn production is becoming more efficient and accurate due to the increase in automation and application of advanced spinning technologies, which, in turn, helps produce tailored products more easily.
Filament Yarn Holds a Significant Market Share
Filament yarns occupy a large market share in the global textile yarn market owing to their distinct features and varied uses. Filament yarn, such as polyester, nylon, and silk, is made of long and continuous threads as opposed to staple yarn. Due to these qualities, filament yarn is ideal for many industries, such as clothing, household fabric, and textiles, and it is engineered particularly for functional purposes.
There is a high demand for filament yarn in the apparel category, more precisely in the activewear sector, where it is appreciated for its strength and moisture-wicking ability. Furthermore, in the industrial field, filament yarn serves to produce products such as seat belts, geotextiles, and tire cords, which require a considerable degree of strength and elasticity.
Table of Contents
1. Project Scope and Definitions
2. Research Methodology
3. Executive Summary
4. Voice of Customer
- 4.1. Demographics (Income - Low, Mid and High; Geography; Nationality; etc.)
- 4.2. Market Awareness and Product Information
- 4.3. Brand Awareness and Loyalty
- 4.4. Factors Considered in Purchase Decision
- 4.4.1. Quality
- 4.4.2. Price
- 4.4.3. Sustainability
5. Global Textile Yarn Market Outlook, 2017-2031F
6. North America Textile Yarn Market Outlook, 2017-2031F*
7. Europe Textile Yarn Market Outlook, 2017-2031F
8. Asia-Pacific Textile Yarn Market Outlook, 2017-2031F
9. South America Textile Yarn Market Outlook, 2017-2031F
10. Middle East and Africa Textile Yarn Market Outlook, 2017-2031F
11. Demand Supply Analysis
12. Import and Export Analysis
13. Value Chain Analysis
14. Porter's Five Forces Analysis
15. PESTLE Analysis
16. Macro-economic Indicators
17. Pricing Analysis
18. Profit Margin Analysis
19. Market Dynamics
20. Market Trends and Developments
21. Case Studies
22. Competitive Landscape
23. Strategic Recommendations
24. About Us and Disclaimer
List of Tables
- Table 1. Pricing Analysis of Products from Key Players
- Table 2. Competition Matrix of Top 5 Market Leaders
- Table 3. Mergers & Acquisitions/ Joint Ventures (If Applicable)
- Table 4. About Us - Regions and Countries Where We Have Executed Client Projects
List of Figures
- Figure 1. Global Textile Yarn Market, By Value, in USD Billion, 2017-2031F
- Figure 2. Global Textile Yarn Market, By Volume, in Metric Tons, 2017-2031F
- Figure 3. Global Textile Yarn Market Share (%), By Yarn Type, 2017-2031F
- Figure 4. Global Textile Yarn Market Share (%), By Material Type, 2017-2031F
- Figure 5. Global Textile Yarn Market Share (%), By Application, 2017-2031F
