Textile Yarn Market Projected to Hit 12.64 Billion USD by 2020

The textile yarn market is projected to grow at a CAGR of 4.2% from 2015 to 2020, and reach a projected value of USD 12.64 Billion by 2020. The market growth is driven by higher levels of discretionary expenditure by consumers and development of new varieties. The market is further driven by factors such as urbanization and high industrial requirement.


Pune, India -- (SBWIRE) -- 03/07/2016 -- The report "Textile Yarn Market by Source (Animal, Plant, and Chemical), Type (Natural and Artificial), Application (Apparel, Home Textile, and Industrial), & by Region - Global Forecasts to 2020", The textile yarn market, estimated to be valued at USD 10.27 billion in 2015, and reach a projected value of USD 12.64 Billion by 2020, at a CAGR of 4.2% from 2015 to 2020.

Browse 105 market data Tables and 74 Figures spread through 173 Pages and in-depth TOC on "Textile Yarn Market - Global Forecasts to 2020"

Make an Inquiry

Early buyers will receive 10% customization on reports.

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 next five years. As a result, many multinational players have entered into the production of varied types of textile yarn products.
Speak to Analyst

Artificial yarn products to dominate the textile yarn market

The artificial textile yarn products have been projected to lead the market in terms of volume. Polyester, a subsegment of the artificial textile yarn market, is likely to dominate the overall market, and is projected to grow at a comparatively higher CAGR than most natural textile yarn types.

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.

Polyester textile yarn: The most widely used textile yarn product globally

The polyester subsegment of artificial textile yarn products accounted for the largest share in the textile yarn market in terms of volume in the year 2014. However, the other artificial textile yarn subsegment such as viscose is projected to grow at comparatively higher CAGR due to increasing demand from the apparel industry.

The growing requirement for diverse physical and chemical properties in end-use products to boost the textile yarn market

Countries in the Asia-Pacific, Latin America, Eastern Europe, and the Middle East regions are thriving in terms of growing contribution of the apparel industry toward the GDP with high levels of product development and marketing. 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.

This report includes a study of marketing and development strategies, along with the product portfolios of leading companies. It includes the profiles of leading companies such as Parkdale Mills Incorporated (U.S.), Vardhman Textiles Ltd. (India), Weiqiao Textile Company Ltd (China), Huvis Corporation (South Korea), and Grasim Industries Ltd (India).

The report covers natural textile yarn such as cotton, wool, silk, hemp, flax, jute, and ramie and artificial textile yarn types such as polyester, nylon, viscose, and acrylic in terms of volume. In terms of insights, this research report has focused on various levels of analyses industry analysis, market share analysis of top players, and company profiles, which together comprise and discuss the basic views on the competitive landscape, emerging & high-growth segments of the global textile yarn market, high-growth regions, countries, and their respective regulatory policies, government initiatives, drivers, restraints, opportunities, and challenges.

About MarketsandMarkets
MarketsandMarkets is world's No. 2 firm in terms of annually published premium market research reports. Serving 1700 global fortune enterprises with more than 1200 premium studies in a year, M&M is catering to multitude of clients across 8 different industrial verticals. We specialize in consulting assignments and business research across high growth markets, cutting edge technologies and newer applications. Our 850 fulltime analyst and SMEs at MarketsandMarkets are tracking global high growth markets following the "Growth Engagement Model – GEM". The GEM aims at proactive collaboration with the clients to identify new opportunities, identify most important customers, write "Attack, avoid and defend" strategies, identify sources of incremental revenues for both the company and its competitors.

M&M's flagship competitive intelligence and market research platform, "RT" connects over 200,000 markets and entire value chains for deeper understanding of the unmet insights along with market sizing and forecasts of niche markets. The new included chapters on Methodology and Benchmarking presented with high quality analytical infographics in our reports gives complete visibility of how the numbers have been arrived and defend the accuracy of the numbers.

We at MarketsandMarkets are inspired to help our clients grow by providing apt business insight with our huge market intelligence repository.

Mr. Rohan
Markets and Markets
UNIT no 802, Tower no. 7, SEZ
Magarpatta city, Hadapsar
Pune, Maharashtra 411013, India