Synthetic Yarn Market

Synthetic Yarn Market by Yarn type (Filament Yarn and Spun Yarn), Fiber Type (Polyester, Nylon, Rayon, Acrylic), End-Use Industries (Apparels & home furnishings, Aerospace, Automotive & transportation, Industrial), and Region - Global Forecast to 2029

Report Code: CH 9045 Jun, 2024, by marketsandmarkets.com

Updated on : June 20, 2024

Synthetic Yarn Market

The global synthetic yarn market is valued at USD 234.1 billion in 2024 and is projected to reach USD 300.5 billion by 2029, growing at 5.1% cagr from 2024 to 2029. It is expected to witness steady growth during the forecast period, owing to the increasing demand for apparels & home furnishings, aerospace, automotive & transportation, electrical & electronics and industrial applications. The demand for synthetic yarn market is mostly from polyester fiber. The major end use industries of synthetic yarns are apparels & home furnishings, automotive & transportation and industrial applications.

Attractive Opportunities in Synthetic Yarn Market

Synthetic Yarn Market

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Synthetic Yarn Market

Synthetic Yarn Market Dynamics

Driver: Growing demand for fast fashion trends

The growing demand for fast fashion in apparels & home furnishing industry is pushing the companies to manufacture cost effective and high-quality clothing and home textiles. The demand for apparel & home furnishings has risen due to the increasing urban population and changing consumer preferences and lifestyle. Synthetic yarns offer different colors, various styles and textures to produce strong and durable products. Continuous innovations in the synthetic yarn market are expected to be driven by the increasing demand for fast fashion clothing.

Restraint: Increasing competition from natural fiber yarn

Synthetic yarns negatively impact the environment as compared to natural fiber yarn. Natural fiber yarns are made from natural fiber such as cotton, wool, linen, silk, bamboo and others and do not cause much harm to the environment because the fibers are not chemically processed. They are biodegradable and renewable. The demand for natural yarns is increasing due to changing consumer preferences towards sustainability and manufacturers are focused on producing cost effective natural yarn to increase their market share.

Opportunity: Growing demand for eco-friendly products

With the increasing population, the demand for synthetic yarn is growing in various industries. Consumer spending has been increased with the changing consumer preferences and lifestyles. The consumers are shifting towards eco-friendly products, so many well-established players in the synthetic yarn market are focusing on manufacturing recycled products to practice sustainability. These has increased the demand for synthetic yarn in many end use industries such as apparels & home furnishings, aerospace, automotive & transportation, electrical & electronics and industrial applications.

Challenge: Increasing environmental regulations and standards

The fluctuating raw material prices can hinder the growth of global synthetic yarn market. This can lead to supply chain disruption and result in economic downturn. Synthetic yarns being chemically produced may face competition from manufacturers producing natural fiber yarn. Synthetic yarns are non-biodegradable which can negatively impact the environment. Natural yarns being produced from natural fibers are environment friendly and changing consumer preferences towards sustainability could be a major challenge for global synthetic yarn market.

Synthetic Yarn Market Ecosystem

Synthetic Yarn Market Ecosystem

Based on yarn type, filament yarn type is estimated to be the fastest-growing source during the forecast period in terms of value.

Filament yarn is made from man-made fibers such as polyester, nylon, rayon/viscose, acrylic and others. Filament yarn offers high strength, durability, resistance to chemicals and abrasion, minimum shrinkage and high colour retention property. Filament yarn is cost effective as compared to natural yarn and is used in wide variety of industries such as apparels & home furnishings, aerospace, automotive & transportation, electricals & electronics and industrial applications.

Based on the fiber type, Polyester fiber type is estimated to be the fastest-growing type during the forecast period, in terms of value.

Polyester fiber offers high strength and excellent durability; they are resistant to abrasion and chemicals, which makes them suitable for wide range of end-use industries. They have moisture wicking and quick drying property making them ideal for active wear and sportswear. Due to their mechanical properties, polyester fiber is widely accepted in the apparels & home furnishings, aerospace, automotive & transportation, electrical & electronics and industrial applications.

Based on End-use Industries, the apparels & home furnishings industry segment is anticipated to register the highest CAGR in synthetic yarn market.

The apparels & home furnishings are expected to be the fastest-growing end use industry in the synthetic yarn market during the forecast period. Synthetic yarns are mostly preferred for apparels & home furnishings due to its cost effectiveness. Synthetic yarns are used to manufacture clothing items such as outerwear, activewear, undergarments and home textiles such as curtains, rugs, carpets, bedsheets. Synthetic yarns are widely used in apparels & home furnishings industry due to its high strength and excellent durability.

Europe to be the second-largest market for synthetic yarn market during the forecast period, in terms of value.

Europe is the second-largest synthetic yarn market across the world. The major end-use industries in this region include apparels & home furnishings, automotive & transportation and industrial applications. The demand for synthetic yarn is high in apparels & home furnishing industry due to changing consumer preferences. Germany is the largest synthetic yarn market in Europe, which is witnessing significant growth in synthetic yarn market for automotive & transportation industry apart from apparels & home furnishings.

Synthetic Yarn Market by Region

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Synthetic Yarn Market Players

The synthetic yarn market is dominated by a well-established players, Kuraray Co., Ltd (Japan), Teijin Limited (Japan), Mitsubishi Chemical Corporation (Japan), DuPont (US), Toray Industries, Inc. (Japan), Zhejiang Hengyi Group Ltd. (China), Reliance industries Limited (India), Indorama Ventures Public company Limited (Thailand), Aksa Akrilik Kimya (Turkey), Lenzing Group (Austria), Eastman Chemical Company (US), are the main producers in the global synthetic yarn market.

These companies are attempting to establish themselves in the synthetic yarn market by adopting sustainable practices. A thorough competitive analysis of these major synthetic yarn market participants is included in the research, along with information on their company profiles, most recent advancements, and important market strategies.

Synthetic Yarn Market Report Scope

Report Metric

Details

Market size available for years

2022–2029

Base year considered

2023

Forecast period

2024–2029

Units considered

Value (USD Million), Volume (Kiloton)

Segments Covered

Yarn type, Fiber Type, End-use Industries and Region

Geographies covered

Asia Pacific, Europe, North America, Middle East & Africa and Latin America

Companies covered

Kuraray Co., Ltd. (Japan), Teijin Limited (Japan), Mitsubishi Chemical Corporation (Japan), DuPont (US), Toray Industries, Inc. (Japan), Zhejiang Hengyi Group Ltd. (China), Reliance industries Limited (India), Indorama Ventures Public company Limited (Thailand), Aksa Akrilik Kimya (Turkey), Lenzing Group (Austria), Eastman Chemical Company (US).

The study categorizes the synthetic yarn market based on Yarn type, Fiber type, End-use industries, and Region.

By Yarn type of synthetic yarn:
  • Filament
  • Spun
By Fiber type:
  • Polyester
  • Nylon
  • Rayon/Viscose
  • Acrylic
  • Other types
By End-use industries:
  • Apparels & home furnishings
  • Aerospace
  • Automotive & transportation
  • Electrical & electronics
  • Industrial
  • Other end-use industries
By Region:
  • Asia Pacific
  • Europe
  • North America
  • Middle East & Africa
  • Latin America
Recent Developments
  • In April 2023, DuPont launched a Product named Kevlar EXO, a next generation aramid fiber that has highest ballistic performance and has unmatched combination of flexibility and durability.
  • In October 2022, Indorama Ventures Public Company Limited collaborated with Toyobo Co., Ltd. to manufacture high performance nylon yarns for automobile airbags.
  • In October 2022, Teijin Limited expanded its production capacity in Thailand with Teijin Polyester Limited to produce highly efficient polyester filaments for manufacturing apparel and interior applications.

Frequently Asked Questions (FAQ):

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TABLE OF CONTENTS
 
1 INTRODUCTION (Page No. - 32)
    1.1 STUDY OBJECTIVES 
    1.2 MARKET DEFINITION 
           1.2.1 INCLUSIONS AND EXCLUSIONS
    1.3 STUDY SCOPE 
           1.3.1 MARKETS COVERED
                    FIGURE 1 SYNTHETIC YARN MARKET SEGMENTATION
           1.3.2 REGIONS COVERED
           1.3.3 YEARS CONSIDERED
           1.3.4 CURRENCY CONSIDERED
           1.3.5 UNITS CONSIDERED
    1.4 LIMITATIONS 
    1.5 STAKEHOLDERS 
    1.6 IMPACT OF RECESSION 
 
2 RESEARCH METHODOLOGY (Page No. - 37)
    2.1 RESEARCH DATA 
          FIGURE 2 SYNTHETIC YARN MARKET: RESEARCH DESIGN
           2.1.1 SECONDARY DATA
           2.1.2 KEY DATA FROM SECONDARY SOURCES
           2.1.3 PRIMARY DATA
                    2.1.3.1 Key data from primary sources
                    2.1.3.2 Primary participants
                    2.1.3.3 Breakdown of interviews with experts
                    2.1.3.4 Key industry insights
    2.2 MARKET SIZE ESTIMATION 
           2.2.1 BOTTOM-UP APPROACH
                    FIGURE 3 MARKET SIZE ESTIMATION METHODOLOGY: BOTTOM-UP APPROACH
           2.2.2 TOP-DOWN APPROACH
                    FIGURE 4 MARKET SIZE ESTIMATION METHODOLOGY: TOP-DOWN APPROACH
    2.3 IMPACT OF RECESSION 
    2.4 BASE NUMBER CALCULATION 
           2.4.1 APPROACH 1: SUPPLY-SIDE ANALYSIS
                    FIGURE 5 METHODOLOGY FOR SUPPLY-SIDE SIZING OF SYNTHETIC YARN MARKET
           2.4.2 APPROACH 2: DEMAND-SIDE ANALYSIS
                    FIGURE 6 METHODOLOGY FOR DEMAND-SIDE SIZING OF SYNTHETIC YARN MARKET
    2.5 MARKET FORECAST APPROACH 
           2.5.1 SUPPLY SIDE
           2.5.2 DEMAND SIDE
    2.6 MARKET BREAKDOWN AND DATA TRIANGULATION 
          FIGURE 7 SYNTHETIC YARN MARKET: DATA TRIANGULATION
    2.7 FACTOR ANALYSIS 
    2.8 RESEARCH ASSUMPTIONS 
    2.9 RESEARCH LIMITATIONS 
    2.10 RISK ASSESSMENT 
 
3 EXECUTIVE SUMMARY (Page No. - 47)
    FIGURE 8 POLYESTER FIBER YARN SEGMENT LED SYNTHETIC YARN MARKET IN 2023
    FIGURE 9 FILAMENT YARN SEGMENT LED SYNTHETIC YARN MARKET IN 2023
    FIGURE 10 APPAREL & HOME FURNISHING END-USE INDUSTRY DOMINATED SYNTHETIC YARN MARKET IN 2023
    FIGURE 11 ASIA PACIFIC LED SYNTHETIC YARN MARKET IN 2023
 
4 PREMIUM INSIGHTS (Page No. - 51)
    4.1 ATTRACTIVE OPPORTUNITIES FOR PLAYERS IN SYNTHETIC YARN MARKET 
          FIGURE 12 SIGNIFICANT GROWTH OF SYNTHETIC YARN MARKET BETWEEN 2024 AND 2029
    4.2 SYNTHETIC YARN MARKET, BY END-USE INDUSTRY  AND REGION, 2023 
          FIGURE 13 APPAREL & HOME FURNISHING SEGMENT AND ASIA PACIFIC DOMINATED MARKET IN 2023
    4.3 SYNTHETIC YARN MARKET, BY FIBER TYPE 
          FIGURE 14 POLYESTER FIBER TYPE DOMINATED MARKET IN 2023
    4.4 SYNTHETIC YARN MARKET, BY YARN TYPE 
          FIGURE 15 FILAMENT YARN TYPE LED MARKET IN 2023
    4.5 SYNTHETIC YARN MARKET GROWTH, BY KEY COUNTRY 
          FIGURE 16 CHINA AND GERMANY TO BE FASTEST-GROWING MARKETS DURING  FORECAST PERIOD
 
5 MARKET OVERVIEW (Page No. - 55)
    5.1 INTRODUCTION 
    5.2 MARKET DYNAMICS 
          FIGURE 17 SYNTHETIC YARN MARKET: MARKET DYNAMICS
           5.2.1 DRIVERS
                    5.2.1.1 Rising demand for synthetic yarns from apparel and home textile sector
                                FIGURE 18 GLOBAL APPAREL REVENUE, 2022 (USD BILLION)
                    5.2.1.2 Increasing adaptability and awareness of synthetic yarns
                    5.2.1.3 Demand for lightweight and fuel-efficient transportation vehicles
                    5.2.1.4 Cost-effectiveness
           5.2.2 RESTRAINTS
                    5.2.2.1 Competition from substitute products
                    5.2.2.2 Limited breathability of polyester fiber
           5.2.3 OPPORTUNITIES
                    5.2.3.1 Growth due to evolving fashion trends and active lifestyles
                    5.2.3.2 Growing demand from emerging industrial markets
                    5.2.3.3 Customization needs in various applications
           5.2.4 CHALLENGES
                    5.2.4.1 Microplastic pollution due to synthetic yarn
                    5.2.4.2 Quality concerns due to complex process
                    5.2.4.3 Increased competition from lower-cost suppliers due to Trans-Pacific Partnership
    5.3 PORTER’S FIVE FORCES ANALYSIS 
          FIGURE 19 SYNTHETIC YARN MARKET: PORTER’S FIVE FORCES ANALYSIS
           5.3.1 THREAT OF NEW ENTRANTS
           5.3.2 THREAT OF SUBSTITUTES
           5.3.3 BARGAINING POWER OF SUPPLIERS
           5.3.4 BARGAINING POWER OF BUYERS
           5.3.5 INTENSITY OF COMPETITIVE RIVALRY
                    TABLE 1 SYNTHETIC YARN MARKET: PORTER’S FIVE FORCES ANALYSIS
 
6 INDUSTRY TRENDS (Page No. - 63)
    6.1 SUPPLY CHAIN ANALYSIS 
          TABLE 2 SYNTHETIC YARN MARKET: ROLE OF COMPANIES IN ECOSYSTEM
    6.2 ECOSYSTEM/MARKET MAP 
          FIGURE 20 SYNTHETIC YARN MARKET: KEY STAKEHOLDERS IN ECOSYSTEM
          FIGURE 21 SYNTHETIC YARN MARKET: ECOSYSTEM MAP
    6.3 PRICING ANALYSIS 
           6.3.1 AVERAGE SELLING PRICE TREND OF KEY PLAYERS, BY END-USE INDUSTRY
                    FIGURE 22 AVERAGE SELLING PRICE TREND OF KEY PLAYERS, BY END-USE INDUSTRY
           6.3.2 AVERAGE SELLING PRICE TREND, BY FIBER TYPE
                    FIGURE 23 AVERAGE SELLING PRICE OF SYNTHETIC YARN, BY FIBER TYPE (USD/KG)
           6.3.3 AVERAGE SELLING PRICE TREND, BY YARN TYPE
                    FIGURE 24 AVERAGE SELLING PRICE OF SYNTHETIC YARN, BY YARN TYPE (USD/KG)
           6.3.4 AVERAGE SELLING PRICE TREND, BY REGION
                    TABLE 3 AVERAGE SELLING PRICE TREND, BY REGION
    6.4 VALUE CHAIN ANALYSIS 
          FIGURE 25 SYNTHETIC YARN MARKET: VALUE CHAIN ANALYSIS
    6.5 TRADE ANALYSIS 
           6.5.1 IMPORT SCENARIO FOR HS CODE 540249
                    FIGURE 26 IMPORT FOR HS CODE 880330, BY KEY COUNTRY,  2019–2023 (USD THOUSAND)
           6.5.2 EXPORT SCENARIO FOR HS CODE 540249
                    FIGURE 27 EXPORT FOR HS CODE 540249, BY KEY COUNTRY,  2019–2023 (USD THOUSAND)
    6.6 TECHNOLOGY ANALYSIS 
           6.6.1 POLYMERIZATION
           6.6.2 EXTRUSION
           6.6.3 TEXTURING
           6.6.4 SPINNING
           6.6.5 DYEING AND FINISHING
           6.6.6 AUTOMATION AND ROBOTICS
    6.7 KEY STAKEHOLDERS AND BUYING CRITERIA 
           6.7.1 KEY STAKEHOLDERS IN BUYING PROCESS
                    FIGURE 28 INFLUENCE OF STAKEHOLDERS ON BUYING PROCESS FOR TOP THREE END-USE INDUSTRIES
                    TABLE 4 INFLUENCE OF STAKEHOLDERS ON BUYING PROCESS FOR TOP THREE END-USE INDUSTRIES
           6.7.2 BUYING CRITERIA
                    FIGURE 29 KEY BUYING CRITERIA FOR TOP THREE END-USE INDUSTRIES
                    TABLE 5 KEY BUYING CRITERIA FOR TOP THREE END-USE INDUSTRIES
    6.8 PATENT ANALYSIS 
           6.8.1 INTRODUCTION
           6.8.2 METHODOLOGY
           6.8.3 PATENT TYPES
                    TABLE 6 SYNTHETIC YARN MARKET: TOTAL NUMBER OF PATENTS
                    FIGURE 30 PATENT ANALYSIS, BY PATENT TYPE
                    FIGURE 31 PATENT PUBLICATION TREND, 2018−2023
           6.8.4 INSIGHTS
           6.8.5 LEGAL STATUS
                    FIGURE 32 SYNTHETIC YARNS MARKET: LEGAL STATUS OF PATENTS
           6.8.6 JURISDICTION ANALYSIS
                    FIGURE 33 US JURISDICTION REGISTERED HIGHEST NUMBER OF PATENTS
           6.8.7 TOP APPLICANTS
                    FIGURE 34 MILLIKEN & COMPANY REGISTERED HIGHEST NUMBER OF PATENTS
           6.8.8 PATENTS BY MILLIKEN & COMPANY
           6.8.9 PATENTS BY NIKE INC.
    6.9 REGULATORY LANDSCAPE 
           6.9.1 REGULATORY BODIES, GOVERNMENT AGENCIES, AND OTHER ORGANIZATIONS
                    TABLE 7 NORTH AMERICA: REGULATORY BODIES, GOVERNMENT AGENCIES, AND OTHER ORGANIZATIONS
                    TABLE 8 EUROPE: REGULATORY BODIES, GOVERNMENT AGENCIES, AND OTHER ORGANIZATIONS
                    TABLE 9 ASIA PACIFIC: REGULATORY BODIES, GOVERNMENT AGENCIES, AND OTHER ORGANIZATIONS
                    TABLE 10 REST OF WORLD: REGULATORY BODIES, GOVERNMENT AGENCIES, AND OTHER ORGANIZATIONS
           6.9.2 STANDARDS IN SYNTHETIC YARN MARKET
                    TABLE 11 CURRENT STANDARD CODES FOR POLYESTER FIBER
    6.10 KEY CONFERENCES AND EVENTS IN 2024–2025 
           TABLE 12 SYNTHETIC YARN MARKET: KEY CONFERENCES AND EVENTS, 2024–2025
    6.11 CASE STUDY ANALYSIS 
           6.11.1 CASE STUDY 1: EXPANSION STRATEGY BY KURARAY CO., LTD. TO TAP VARIOUS LOCATIONS
           6.11.2 CASE STUDY 2: NEW PRODUCT DEVELOPMENTS BY TEIJIN LIMITED CATERING VARIOUS APPLICATIONS
    6.12 TRENDS/DISRUPTIONS IMPACTING CUSTOMER BUSINESS 
           FIGURE 35 REVENUE SHIFT AND NEW REVENUE POCKETS IN SYNTHETIC YARN MARKET
    6.13 INVESTMENT AND FUNDING SCENARIO 
           FIGURE 36 DEALS AND FUNDING IN SYNTHETIC YARN MARKET SOARED IN 2023
           FIGURE 37 PROMINENT SYNTHETIC YARN MANUFACTURING FIRMS  IN 2023 (USD BILLION)
 
7 SYNTHETIC YARN MARKET, BY YARN TYPE (Page No. - 84)
    7.1 INTRODUCTION 
          FIGURE 38 FILAMENT YARN SEGMENT TO DOMINATE MARKET DURING  FORECAST PERIOD
          TABLE 13 SYNTHETIC YARN MARKET, BY YARN TYPE, 2022–2029 (USD MILLION)
          TABLE 14 SYNTHETIC YARN MARKET, BY YARN TYPE, 2022–2029 (KILOTON)
    7.2 FILAMENT YARN 
           7.2.1 INCREASING DEMAND FOR COST-EFFECTIVE FILAMENT YARN TO DRIVE MARKET
                    TABLE 15 FILAMENT YARN: SYNTHETIC YARN MARKET, BY REGION, 2022–2029 (USD MILLION)
                    TABLE 16 FILAMENT YARN: SYNTHETIC YARN MARKET, BY REGION, 2022–2029 (KILOTON)
    7.3 SPUN YARN 
           7.3.1 INCREASING DEMAND FOR AUTOMOTIVE UPHOLSTERY TO BOOST MARKET
                    TABLE 17 SPUN YARN: SYNTHETIC YARN MARKET, BY REGION, 2022–2029 (USD MILLION)
                    TABLE 18 SPUN YARN: SYNTHETIC YARN MARKET, BY REGION, 2022–2029 (KILOTON)
 
8 SYNTHETIC YARN MARKET, BY FIBER TYPE (Page No. - 89)
    8.1 INTRODUCTION 
          FIGURE 39 POLYESTER FIBER SEGMENT TO DOMINATE MARKET DURING FORECAST PERIOD
          TABLE 19 SYNTHETIC YARN MARKET, BY FIBER TYPE, 2022–2029 (USD MILLION)
          TABLE 20 SYNTHETIC YARN MARKET, BY FIBER TYPE, 2022–2029 (KILOTON)
    8.2 POLYESTER FIBER 
           8.2.1 HIGH TENACITY, DURABILITY, VERSATILITY, AND EASE OF CARE TO DRIVE MARKET
                    TABLE 21 POLYESTER FIBER: SYNTHETIC YARN MARKET, BY REGION, 2022–2029 (USD MILLION)
                    TABLE 22 POLYESTER FIBER: SYNTHETIC YARN MARKET, BY REGION, 2022–2029 (KILOTON)
    8.3 NYLON FIBER 
           8.3.1 INCREASING DEMAND IN AUTOMOTIVE INDUSTRY TO BOOST MARKET
                    TABLE 23 NYLON FIBER: SYNTHETIC YARN MARKET, BY REGION, 2022–2029 (USD MILLION)
                    TABLE 24 NYLON FIBER: SYNTHETIC YARN MARKET, BY REGION, 2022–2029 (KILOTON)
    8.4 RAYON/VISCOSE FIBER 
           8.4.1 INCREASING DEMAND FOR AFFORDABLE LUXURY TO DRIVE MARKET
                    TABLE 25 RAYON/VISCOSE FIBER: SYNTHETIC YARN MARKET, BY REGION,  2022–2029 (USD MILLION)
                    TABLE 26 RAYON/VISCOSE FIBER: SYNTHETIC YARN MARKET, BY REGION, 2022–2029 (KILOTON)
    8.5 ACRYLIC FIBER 
           8.5.1 INCREASING DEMAND FOR SUSTAINABLE FIBERS TO DRIVE MARKET
                    TABLE 27 ACRYLIC FIBER: SYNTHETIC YARN MARKET, BY REGION, 2022–2029 (USD MILLION)
                    TABLE 28 ACRYLIC FIBER: SYNTHETIC YARN MARKET, BY REGION, 2022–2029 (KILOTON)
    8.6 OTHER FIBER TYPES 
          TABLE 29 OTHER FIBER TYPES: SYNTHETIC YARN MARKET, BY REGION, 2022–2029 (USD MILLION)
          TABLE 30 OTHER FIBER TYPES: SYNTHETIC YARN MARKET, BY REGION, 2022–2029 (KILOTON)
 
9 SYNTHETIC YARN MARKET, BY END-USE INDUSTRY (Page No. - 98)
    9.1 INTRODUCTION 
          FIGURE 40 APPAREL & HOME FURNISHING SEGMENT TO DOMINATE MARKET DURING  FORECAST PERIOD
          TABLE 31 SYNTHETIC YARN MARKET, BY END-USE INDUSTRY, 2022–2029 (USD MILLION)
          TABLE 32 SYNTHETIC YARN MARKET, BY END-USE INDUSTRY, 2022–2029 (KILOTON)
    9.2 APPAREL & HOME FURNISHING 
           9.2.1 INNOVATIONS IN TEXTILE TECHNOLOGY MEETING EVOLVING NEEDS TO DRIVE MARKET
                    TABLE 33 APPAREL & HOME FURNISHING END-USE INDUSTRY: SYNTHETIC YARN MARKET, BY REGION, 2022–2029 (USD MILLION)
                    TABLE 34 APPAREL & HOME FURNISHING END-USE INDUSTRY: SYNTHETIC YARN MARKET,  BY REGION, 2022–2029 (KILOTON)
    9.3 AEROSPACE 
           9.3.1 DEMAND FOR HIGH-QUALITY SYNTHETIC MATERIALS FOR AIRCRAFT INTERIORS TO DRIVE MARKET
                    TABLE 35 AEROSPACE END-USE INDUSTRY: SYNTHETIC YARN MARKET, BY REGION,  2022–2029 (USD MILLION)
                    TABLE 36 AEROSPACE END-USE INDUSTRY: SYNTHETIC YARN MARKET, BY REGION,  2022–2029 (KILOTON)
    9.4 AUTOMOTIVE & TRANSPORTATION 
           9.4.1 SUNLIGHT AND CHEMICAL RESISTANCE OF POLYESTER FIBERS TO DRIVE DEMAND
                    TABLE 37 AUTOMOTIVE & TRANSPORTATION END-USE INDUSTRY: SYNTHETIC YARN MARKET,  BY REGION, 2022–2029 (USD MILLION)
                    TABLE 38 AUTOMOTIVE & TRANSPORTATION END-USE INDUSTRY: SYNTHETIC YARN MARKET,  BY REGION, 2022–2029 (KILOTON)
    9.5 ELECTRICAL & ELECTRONICS 
           9.5.1 INCREASING DEMAND FOR HIGH-PERFORMANCE CABLES TO DRIVE MARKET
                    TABLE 39 ELECTRICAL & ELECTRONICS END-USE INDUSTRY: SYNTHETIC YARN MARKET,  BY REGION, 2022–2029 (USD MILLION)
                    TABLE 40 ELECTRICAL & ELECTRONICS END-USE INDUSTRY: SYNTHETIC YARN MARKET,  BY REGION, 2022–2029 (KILOTON)
    9.6 INDUSTRIAL 
           9.6.1 STRENGTH AND DURABILITY OF SYNTHETIC YARN TO DRIVE MARKET
                    TABLE 41 INDUSTRIAL END-USE INDUSTRY: SYNTHETIC YARN MARKET, BY REGION,  2022–2029 (USD MILLION)
                    TABLE 42 INDUSTRIAL END-USE INDUSTRY: SYNTHETIC YARN MARKET, BY REGION,  2022–2029 (KILOTON)
    9.7 OTHER END-USE INDUSTRIES 
          TABLE 43 OTHER END-USE INDUSTRIES: SYNTHETIC YARN MARKET, BY REGION,  2022–2029 (USD MILLION)
          TABLE 44 OTHER END-USE INDUSTRIES: SYNTHETIC YARN MARKET, BY REGION,  2022–2029 (KILOTON)
 
10 SYNTHETIC YARN MARKET, BY REGION (Page No. - 110)
     10.1 INTRODUCTION 
             FIGURE 41 GERMANY TO BE FASTEST-GROWING SYNTHETIC YARN MARKET DURING FORECAST PERIOD
             10.1.1 SYNTHETIC YARN MARKET, BY REGION
                        TABLE 45 SYNTHETIC YARN MARKET, BY REGION, 2022–2029 (USD MILLION)
                        TABLE 46 SYNTHETIC YARN MARKET, BY REGION, 2022–2029 (KILOTON)
     10.2 NORTH AMERICA 
             10.2.1 IMPACT OF RECESSION
                        FIGURE 42 NORTH AMERICA: SYNTHETIC YARN MARKET SNAPSHOT
             10.2.2 NORTH AMERICA: SYNTHETIC YARN MARKET, BY YARN TYPE
                        TABLE 47 NORTH AMERICA: SYNTHETIC YARN MARKET, BY YARN TYPE, 2022–2029 (USD MILLION)
                        TABLE 48 NORTH AMERICA: SYNTHETIC YARN MARKET, BY YARN TYPE, 2022–2029 (KILOTON)
             10.2.3 NORTH AMERICA: SYNTHETIC YARN MARKET, BY FIBER TYPE
                        TABLE 49 NORTH AMERICA: SYNTHETIC YARN MARKET, BY FIBER TYPE, 2022–2029 (USD MILLION)
                        TABLE 50 NORTH AMERICA: SYNTHETIC YARN MARKET, BY FIBER TYPE, 2022–2029 (KILOTON)
             10.2.4 NORTH AMERICA: SYNTHETIC YARN MARKET, BY END-USE INDUSTRY
                        TABLE 51 NORTH AMERICA: SYNTHETIC YARN MARKET, BY END-USE INDUSTRY,  2022–2029 (USD MILLION)
                        TABLE 52 NORTH AMERICA: SYNTHETIC YARN MARKET, BY END-USE INDUSTRY,  2022–2029 (KILOTON)
             10.2.5 NORTH AMERICA: SYNTHETIC YARN MARKET, BY COUNTRY
                        TABLE 53 NORTH AMERICA: SYNTHETIC YARN MARKET, BY COUNTRY, 2022–2029 (USD MILLION)
                        TABLE 54 NORTH AMERICA SYNTHETIC YARN MARKET, BY COUNTRY, 2022–2029 (KILOTON)
                        10.2.5.1 US
                                     10.2.5.1.1 Significant demand from apparel & home furnishing to drive market
                                                     TABLE 55 US: SYNTHETIC YARN MARKET, BY END-USE INDUSTRY, 2022–2029 (USD MILLION)
                                                     TABLE 56 US: SYNTHETIC YARN MARKET, BY END-USE INDUSTRY, 2022–2029 (KILOTON)
                        10.2.5.2 Canada
                                     10.2.5.2.1 Increasing demand from apparel and automotive industries to drive market
                                                     TABLE 57 CANADA: SYNTHETIC YARN MARKET, BY END-USE INDUSTRY, 2022–2029 (USD MILLION)
                                                     TABLE 58 CANADA: SYNTHETIC YARN MARKET, BY END-USE INDUSTRY, 2022–2029 (KILOTON)
     10.3 ASIA PACIFIC 
             10.3.1 IMPACT OF RECESSION
                       FIGURE 43 ASIA PACIFIC: SYNTHETIC YARN MARKET SNAPSHOT
             10.3.2 ASIA PACIFIC: SYNTHETIC YARN MARKET, BY YARN TYPE
                        TABLE 59 ASIA PACIFIC: SYNTHETIC YARN MARKET, BY YARN TYPE, 2022–2029 (USD MILLION)
                        TABLE 60 ASIA PACIFIC: SYNTHETIC YARN MARKET, BY YARN TYPE, 2022–2029 (KILOTON)
             10.3.3 ASIA PACIFIC: SYNTHETIC YARN MARKET, BY FIBER TYPE
                        TABLE 61 ASIA PACIFIC: SYNTHETIC YARN MARKET, BY FIBER TYPE, 2022–2029 (USD MILLION)
                        TABLE 62 ASIA PACIFIC: SYNTHETIC YARN MARKET, BY FIBER TYPE, 2022–2029 (KILOTON)
             10.3.4 ASIA PACIFIC: SYNTHETIC YARN MARKET, BY END-USE INDUSTRY
                        TABLE 63 ASIA PACIFIC: SYNTHETIC YARN MARKET, BY END-USE INDUSTRY,  2022–2029 (USD MILLION)
                        TABLE 64 ASIA PACIFIC: SYNTHETIC YARN MARKET, BY END-USE INDUSTRY, 2022–2029 (KILOTON)
             10.3.5 ASIA PACIFIC: SYNTHETIC YARN MARKET, BY COUNTRY
                        TABLE 65 ASIA PACIFIC: SYNTHETIC YARN MARKET, BY COUNTRY, 2022–2029 (USD MILLION)
                        TABLE 66 ASIA PACIFIC: SYNTHETIC YARN MARKET, BY COUNTRY, 2022–2029 (KILOTON)
                        10.3.5.1 China
                                     10.3.5.1.1 Availability of natural resources and vast industrial base to drive market
                                                     TABLE 67 CHINA: SYNTHETIC YARN MARKET, BY END-USE INDUSTRY, 2022–2029 (USD MILLION)
                                                     TABLE 68 CHINA: SYNTHETIC YARN MARKET, BY END-USE INDUSTRY, 2022–2029 (KILOTON)
                        10.3.5.2 India
                                     10.3.5.2.1 Rapidly growing manufacturing sector to drive demand
                                                     TABLE 69 INDIA: SYNTHETIC YARN MARKET, BY END-USE INDUSTRY, 2022–2029 (USD MILLION)
                                                     TABLE 70 INDIA: SYNTHETIC YARN MARKET, BY END-USE INDUSTRY, 2022–2029 (KILOTON)
                        10.3.5.3 Japan
                                     10.3.5.3.1 Significant demand from textile and automotive industries to drive market
                                                     TABLE 71 JAPAN: SYNTHETIC YARN MARKET, BY END-USE INDUSTRY, 2022–2029 (USD MILLION)
                                                     TABLE 72 JAPAN: SYNTHETIC YARN MARKET, BY END-USE INDUSTRY, 2022–2029 (KILOTON)
                        10.3.5.4 South Korea
                                     10.3.5.4.1 Well-established electronics and automotive industries to drive demand
                                                     TABLE 73 SOUTH KOREA: SYNTHETIC YARN MARKET, BY END-USE INDUSTRY,  2022–2029 (USD MILLION)
                                                     TABLE 74 SOUTH KOREA: SYNTHETIC YARN MARKET, BY END-USE INDUSTRY,  2022–2029 (KILOTON)
                        10.3.5.5 Rest of Asia Pacific
                                      TABLE 75 REST OF ASIA PACIFIC: SYNTHETIC YARN MARKET, BY END-USE INDUSTRY,  2022–2029 (USD MILLION)
                                      TABLE 76 REST OF ASIA PACIFIC: SYNTHETIC YARN MARKET, BY END-USE INDUSTRY,  2022–2029 (KILOTON)
     10.4 EUROPE 
             10.4.1 IMPACT OF RECESSION
                        FIGURE 44 EUROPE: SYNTHETIC YARN MARKET SNAPSHOT
             10.4.2 EUROPE: SYNTHETIC YARN MARKET, BY YARN TYPE
                        TABLE 77 EUROPE: SYNTHETIC YARN MARKET, BY YARN TYPE, 2022–2029 (USD MILLION)
                        TABLE 78 EUROPE: SYNTHETIC YARN MARKET, BY YARN TYPE, 2022–2029 (KILOTON)
             10.4.3 EUROPE: SYNTHETIC YARN MARKET, BY FIBER TYPE
                        TABLE 79 EUROPE: SYNTHETIC YARN MARKET, BY FIBER TYPE, 2022–2029 (USD MILLION)
                        TABLE 80 EUROPE: SYNTHETIC YARN MARKET, BY FIBER TYPE, 2022–2029 (KILOTON)
             10.4.4 EUROPE: SYNTHETIC YARN MARKET, BY END-USE INDUSTRY
                        TABLE 81 EUROPE: SYNTHETIC YARN MARKET, BY END-USE INDUSTRY, 2022–2029 (USD MILLION)
                        TABLE 82 EUROPE: SYNTHETIC YARN MARKET, BY END-USE INDUSTRY, 2022–2029 (KILOTON)
             10.4.5 EUROPE: SYNTHETIC YARN MARKET, BY COUNTRY
                        TABLE 83 EUROPE: SYNTHETIC YARN MARKET, BY COUNTRY, 2022–2029 (USD MILLION)
                        TABLE 84 EUROPE: SYNTHETIC YARN MARKET, BY COUNTRY, 2022–2029 (KILOTON)
                        10.4.5.1 Germany
                                     10.4.5.1.1 Growing demand from automotive and textile industries to drive market
                                                     TABLE 85 GERMANY: SYNTHETIC YARN MARKET, BY END-USE INDUSTRY,  2022–2029 (USD MILLION)
                                                     TABLE 86 GERMANY: SYNTHETIC YARN MARKET, BY END-USE INDUSTRY, 2022–2029 (KILOTON)
                        10.4.5.2 UK
                                     10.4.5.2.1 Adaptability, durability, and cost-effectiveness to drive market
                                                     TABLE 87 UK: SYNTHETIC YARN MARKET, BY END-USE INDUSTRY, 2022–2029 (USD MILLION)
                                                     TABLE 88 UK: SYNTHETIC YARN MARKET, BY END-USE INDUSTRY, 2022–2029 (KILOTON)
                        10.4.5.3 Italy
                                     10.4.5.3.1 Robust demand catering to diverse applications and industries to drive market
                                                     TABLE 89 ITALY: SYNTHETIC YARN MARKET, BY END-USE INDUSTRY, 2022–2029 (USD MILLION)
                                                     TABLE 90 ITALY: SYNTHETIC YARN MARKET, BY END-USE INDUSTRY, 2022–2029 (KILOTON)
                        10.4.5.4 France
                                     10.4.5.4.1 Use in textile and fashion industry to drive market
                                                     TABLE 91 FRANCE: SYNTHETIC YARN MARKET, BY END-USE INDUSTRY, 2022–2029 (USD MILLION)
                                                     TABLE 92 FRANCE: SYNTHETIC YARN MARKET, BY END-USE INDUSTRY, 2022–2029 (KILOTON)
                        10.4.5.5 Spain
                                     10.4.5.5.1 Growing demand from automotive and apparel sectors to drive market
                                                     TABLE 93 SPAIN: SYNTHETIC YARN MARKET, BY END-USE INDUSTRY, 2022–2029 (USD MILLION)
                                                     TABLE 94 SPAIN: SYNTHETIC YARN MARKET, BY END-USE INDUSTRY, 2022–2029 (KILOTON)
                        10.4.5.6 Russia
                                     10.4.5.6.1 Strong and growing demand to drive market
                                                     TABLE 95 RUSSIA: SYNTHETIC YARN MARKET, BY END-USE INDUSTRY, 2022–2029 (USD MILLION)
                                                     TABLE 96 RUSSIA: SYNTHETIC YARN MARKET, BY END-USE INDUSTRY, 2022–2029 (KILOTON)
                        10.4.5.7 Rest of Europe
                                      TABLE 97 REST OF EUROPE: SYNTHETIC YARN MARKET, BY END-USE INDUSTRY,  2022–2029 (USD MILLION)
                                      TABLE 98 REST OF EUROPE: SYNTHETIC YARN MARKET, BY END-USE INDUSTRY,  2022–2029 (KILOTON)
     10.5 MIDDLE EAST & AFRICA 
             10.5.1 IMPACT OF RECESSION
             10.5.2 MIDDLE EAST & AFRICA: SYNTHETIC YARN MARKET, BY YARN TYPE
                        TABLE 99 MIDDLE EAST & AFRICA: SYNTHETIC YARN MARKET, BY YARN TYPE,  2022–2029 (USD MILLION)
                        TABLE 100 MIDDLE EAST & AFRICA: SYNTHETIC YARN MARKET, BY YARN TYPE,  2022–2029 (KILOTON)
             10.5.3 MIDDLE EAST & AFRICA: SYNTHETIC YARN MARKET, BY FIBER TYPE
                        TABLE 101 MIDDLE EAST & AFRICA: SYNTHETIC YARN MARKET, BY FIBER TYPE,  2022–2029 (USD MILLION)
                        TABLE 102 MIDDLE EAST & AFRICA: SYNTHETIC YARN MARKET, BY FIBER TYPE,  2022–2029 (KILOTON)
             10.5.4 MIDDLE EAST & AFRICA: SYNTHETIC YARN MARKET, BY END-USE INDUSTRY
                        TABLE 103 MIDDLE EAST & AFRICA: SYNTHETIC YARN MARKET, BY END-USE INDUSTRY,  2022–2029 (USD MILLION)
                        TABLE 104 MIDDLE EAST & AFRICA: SYNTHETIC YARN MARKET, BY END-USE INDUSTRY,  2022–2029 (KILOTON)
             10.5.5 MIDDLE EAST & AFRICA: SYNTHETIC YARN MARKET, BY COUNTRY
                        TABLE 105 MIDDLE EAST & AFRICA: SYNTHETIC YARN MARKET, BY COUNTRY,  2022–2029 (USD MILLION)
                        TABLE 106 MIDDLE EAST & AFRICA: SYNTHETIC YARN MARKET, BY COUNTRY, 2022–2029 (KILOTON)
                        10.5.5.1 GCC countries
                                     10.5.5.1.1 Saudi Arabia
                                                    10.5.5.1.1.1 Growing focus on sustainability to drive market
                                                                       TABLE 107 SAUDI ARABIA: SYNTHETIC YARN MARKET, BY END-USE INDUSTRY,  2022–2029 (USD MILLION)
                                                                       TABLE 108 SAUDI ARABIA: SYNTHETIC YARN MARKET, BY END-USE INDUSTRY,  2022–2029 (KILOTON)
                                     10.5.5.1.2 UAE
                                                    10.5.5.1.2.1 Growing demand from high-end home textiles and garments sectors to drive market
                                                                       TABLE 109 UAE: SYNTHETIC YARN MARKET, BY END-USE INDUSTRY, 2022–2029 (USD MILLION)
                                                                       TABLE 110 UAE: SYNTHETIC YARN MARKET, BY END-USE INDUSTRY, 2022–2029 (KILOTON)
                                                    10.5.5.1.2.2 Rest of GCC countries
                                                                       TABLE 111 REST OF GCC COUNTRIES: SYNTHETIC YARN MARKET, BY END-USE INDUSTRY,  2022–2029 (USD MILLION)
                                                                       TABLE 112 REST OF GCC COUNTRIES: SYNTHETIC YARN MARKET, BY END-USE INDUSTRY,  2022–2029 (KILOTON)
                        10.5.5.2 South Africa
                                     10.5.5.2.1 Growing investments and trade agreements to drive market
                                                     TABLE 113 SOUTH AFRICA: SYNTHETIC YARN MARKET, BY END-USE INDUSTRY,  2022–2029 (USD MILLION)
                                                     TABLE 114 SOUTH AFRICA: SYNTHETIC YARN MARKET, BY END-USE INDUSTRY,  2022–2029 (KILOTON)
                        10.5.5.3 Iran
                                     10.5.5.3.1 Textile & apparel, industrial, automotive & transportation sectors to drive market
                                                     TABLE 115 IRAN: SYNTHETIC YARN MARKET, BY END-USE INDUSTRY, 2022–2029 (USD MILLION)
                                                     TABLE 116 IRAN: SYNTHETIC YARN MARKET, BY END-USE INDUSTRY, 2022–2029 (KILOTON)
                        10.5.5.4 Rest of Middle East & Africa
                                      TABLE 117 REST OF MIDDLE EAST & AFRICA: SYNTHETIC YARN MARKET, BY END-USE INDUSTRY, 2022–2029 (USD MILLION)
                                      TABLE 118 REST OF MIDDLE EAST & AFRICA: SYNTHETIC YARN MARKET, BY END-USE INDUSTRY, 2022–2029 (KILOTON)
     10.6 LATIN AMERICA 
             10.6.1 IMPACT OF RECESSION
             10.6.2 LATIN AMERICA: SYNTHETIC YARN MARKET, BY YARN TYPE
                        TABLE 119 LATIN AMERICA: SYNTHETIC YARN MARKET, BY YARN TYPE,  2022–2029 (USD MILLION)
                        TABLE 120 LATIN AMERICA: SYNTHETIC YARN MARKET, BY YARN TYPE, 2022–2029 (KILOTON)
             10.6.3 LATIN AMERICA: SYNTHETIC YARN MARKET, BY FIBER TYPE
                        TABLE 121 LATIN AMERICA: SYNTHETIC YARN MARKET, BY FIBER TYPE,  2022–2029 (USD MILLION)
                        TABLE 122 LATIN AMERICA: SYNTHETIC YARN MARKET, BY FIBER TYPE, 2022–2029 (KILOTON)
             10.6.4 LATIN AMERICA: SYNTHETIC YARN MARKET, BY END-USE INDUSTRY
                        TABLE 123 LATIN AMERICA: SYNTHETIC YARN MARKET, BY END-USE INDUSTRY,  2022–2029 (USD MILLION)
                        TABLE 124 LATIN AMERICA: SYNTHETIC YARN MARKET, BY END-USE INDUSTRY,  2022–2029 (KILOTON)
             10.6.5 LATIN AMERICA: SYNTHETIC YARN MARKET, BY COUNTRY
                        TABLE 125 LATIN AMERICA: SYNTHETIC YARN MARKET, BY COUNTRY,  2022–2029 (USD MILLION)
                        TABLE 126 LATIN AMERICA: SYNTHETIC YARN MARKET, BY COUNTRY, 2022–2029 (KILOTON)
                        10.6.5.1 Mexico
                                     10.6.5.1.1 Growing use of polyester fibers in geotextiles and roofing materials to drive market
                                                     TABLE 127 MEXICO: SYNTHETIC YARN MARKET, BY END-USE INDUSTRY,  2022–2029 (USD MILLION)
                                                     TABLE 128 MEXICO: SYNTHETIC YARN MARKET, BY END-USE INDUSTRY,  2022–2029 (KILOTON)
                        10.6.5.2 Brazil
                                     10.6.5.2.1 Growing exports to drive market
                                                     TABLE 129 BRAZIL: SYNTHETIC YARN MARKET, BY END-USE INDUSTRY, 2022–2029 (USD MILLION)
                                                     TABLE 130 BRAZIL: SYNTHETIC YARN MARKET, BY END-USE INDUSTRY, 2022–2029 (KILOTON)
                        10.6.5.3 Rest of Latin America
                                      TABLE 131 REST OF LATIN AMERICA: SYNTHETIC YARN MARKET, BY END-USE INDUSTRY,  2022–2029 (USD MILLION)
                                      TABLE 132 REST OF LATIN AMERICA: SYNTHETIC YARN MARKET, BY END-USE INDUSTRY,  2022–2029 (KILOTON)
 
11 COMPETITIVE LANDSCAPE (Page No. - 159)
     11.1 OVERVIEW 
     11.2 KEY PLAYER STRATEGIES/RIGHT TO WIN 
             11.2.1 STRATEGIES ADOPTED BY SYNTHETIC YARN MANUFACTURERS
     11.3 REVENUE ANALYSIS 
             FIGURE 45 SYNTHETIC YARN MARKET: REVENUE ANALYSIS OF TOP 5 MARKET PLAYERS
     11.4 MARKET SHARE ANALYSIS 
             FIGURE 46 SHARE OF TOP COMPANIES IN SYNTHETIC YARN MARKET
             TABLE 133 DEGREE OF COMPETITION: SYNTHETIC YARN MARKET
             11.4.1 MARKET RANKING
     11.5 BRAND/PRODUCT COMPARATIVE ANALYSIS 
             FIGURE 48 SYNTHETIC YARN MARKET: TOP TRENDING BRANDS/PRODUCTS
             11.5.1 BRAND/PRODUCT COMPARATIVE ANALYSIS, BY SYNTHETIC YARN PRODUCTS
                        11.5.1.1 Teijin Tenax
                        11.5.1.2 Acrylusion
                        11.5.1.3 Tencel
                        11.5.1.4 Naia
                        11.5.1.5 Recron
     11.6 COMPANY EVALUATION MATRIX: KEY PLAYERS, 2023 
             11.6.1 STARS
             11.6.2 EMERGING LEADERS
             11.6.3 PERVASIVE PLAYERS
             11.6.4 PARTICIPANTS
                        FIGURE 50 SYNTHETIC YARN MARKET: COMPANY EVALUATION MATRIX  (KEY PLAYERS), 2023
             11.6.5 COMPANY FOOTPRINT: KEY PLAYERS, 2023
                         FIGURE 51 SYNTHETIC YARN MARKET: COMPANY FOOTPRINT (15 COMPANIES)
                        11.6.5.1 Fiber type: Company footprint
                         TABLE 134 FIBER TYPE: COMPANY FOOTPRINT (15 COMPANIES)
                        11.6.5.2 Yarn type: Company footprint (15 companies)
                        11.6.5.3 End-use industry: Company footprint (15 companies)
                        11.6.5.4 Region: Company footprint (15 companies)
     11.7 COMPANY EVALUATION MATRIX: STARTUPS/SMES, 2023 
             11.7.1 PROGRESSIVE COMPANIES
             11.7.2 RESPONSIVE COMPANIES
             11.7.3 DYNAMIC COMPANIES
             11.7.4 STARTING BLOCKS
                        FIGURE 52 SYNTHETIC YARN MARKET: COMPANY EVALUATION MATRIX  (STARTUPS/SMES), 2023
             11.7.5 COMPETITIVE BENCHMARKING OF KEY STARTUPS/SMES
     11.8 VALUATION AND FINANCIAL METRICS OF SYNTHETIC YARN VENDORS 
             FIGURE 53 SYNTHETIC YARN MARKET: EV/EBITDA OF KEY VENDORS
             FIGURE 54 YEAR-TO-DATE (YTD) PRICE TOTAL RETURN AND 5-YEAR STOCK BETA OF  KEY VENDORS
     11.9 COMPETITIVE SCENARIO AND TRENDS 
             11.9.1 PRODUCT LAUNCHES
                        TABLE 139 SYNTHETIC YARN MARKET: PRODUCT LAUNCHES/DEVELOPMENTS,  JANUARY 2019–APRIL 2024
             11.9.2 DEALS
                        TABLE 140 SYNTHETIC YARN MARKET: DEALS, JANUARY 2019–APRIL 2024
             11.9.3 EXPANSIONS
                        TABLE 141 SYNTHETIC YARN MARKET: EXPANSIONS, JANUARY 2019–APRIL 2024
             11.9.4 OTHER DEVELOPMENTS
                        TABLE 142 SYNTHETIC YARN MARKET: OTHER DEVELOPMENTS, JANUARY 2019–APRIL 2024
 
12 COMPANY PROFILES (Page No. - 180)
(Business overview, Products/Services/Solutions offered, Recent Developments, MNM view)*
     12.1 KEY COMPANIES 
             12.1.1 KURARAY CO., LTD.
                        TABLE 143 KURARAY CO., LTD.: COMPANY OVERVIEW
                        FIGURE 55 KURARAY CO., LTD.: COMPANY SNAPSHOT
                        TABLE 144 KURARAY CO., LTD.: PRODUCTS/SOLUTIONS/SERVICES OFFERED
                        TABLE 145 KURARAY CO., LTD.: VECTRAN PRODUCT SPECIFICATIONS
                        TABLE 146 KURARAY CO., LTD.: EXPANSIONS, JANUARY 2019– APRIL 2024
                        TABLE 147 VECTRAN: OTHER DEVELOPMENTS
             12.1.2 TEIJIN LIMITED
                        TABLE 148 TEIJIN LIMITED: COMPANY OVERVIEW
                        FIGURE 56 TEIJIN LIMITED: COMPANY SNAPSHOT
                        TABLE 149 TEIJIN LIMITED: PRODUCTS/SOLUTIONS/SERVICES OFFERED
                        TABLE 150 TEIJIN LIMITED: TECHNORA PRODUCT SPECIFICATIONS
                        TABLE 151 TEIJIN LIMITED: PRODUCT/NEW TECHNOLOGY LAUNCHES, JANUARY 2019–APRIL 2024
                        TABLE 152 TEIJIN LIMITED: DEALS, JANUARY 2019– APRIL 2024
                        TABLE 153 TEIJIN LIMITED: EXPANSIONS, JANUARY 2019–APRIL 2024
             12.1.3 MITSUBISHI CHEMICAL CORPORATION
                        TABLE 154 MITSUBISHI CHEMICAL CORPORATION: COMPANY OVERVIEW
                        FIGURE 57 MITSUBISHI CHEMICAL CORPORATION: COMPANY SNAPSHOT
                        TABLE 155 MITSUBISHI CHEMICAL CORPORATION: PRODUCTS/SOLUTIONS/SERVICES OFFERED
                        TABLE 156 MITSUBISHI CHEMICAL CORPORATION: PRODUCT LAUNCHES,  JANUARY 2019– APRIL 2024
             12.1.4 DUPONT
                        TABLE 157 DUPONT: COMPANY OVERVIEW
                        TABLE 159 DUPONT: PRODUCT LAUNCHES, JANUARY 2019–APRIL 2024
             12.1.5 TORAY INDUSTRIES, INC.
                        FIGURE 59 TORAY INDUSTRIES, INC.: COMPANY SNAPSHOT
                        TABLE 161 TORAY INDUSTRIES, INC.: PRODUCTS/SOLUTIONS/SERVICES OFFERED
                        TABLE 162 TORAY INDUSTRIES, INC.: PRODUCT LAUNCHES, JANUARY 2019–APRIL 2024
             12.1.6 ZHEJIANG HENGYI GROUP CO., LTD.
                        TABLE 164 ZHEJIANG HENGYI GROUP CO., LTD.: PRODUCTS/SOLUTIONS/SERVICES OFFERED
             12.1.7 RELIANCE INDUSTRIES LIMITED
                        FIGURE 60 RELIANCE INDUSTRIES LIMITED: COMPANY SNAPSHOT
                        TABLE 166 RELIANCE INDUSTRIES LIMITED: PRODUCTS/SOLUTIONS/SERVICES OFFERED
             12.1.8 INDORAMA VENTURES PUBLIC COMPANY LIMITED
                        FIGURE 61 INDORAMA VENTURES PUBLIC COMPANY LIMITED: COMPANY SNAPSHOT
                        TABLE 168 INDORAMA VENTURES PUBLIC COMPANY LIMITED: PRODUCTS/SOLUTIONS/  SERVICES OFFERED
                        TABLE 169 INDORAMA VENTURES PUBLIC COMPANY LIMITED: DEALS, JANUARY 2019–APRIL 2024
                        TABLE 170 INDORAMA VENTURES PUBLIC COMPANY LIMITED: EXPANSIONS,  JANUARY 2019– APRIL 2024
             12.1.9 SINOPEC YIZHENG CHEMICAL FIBER LIMITED LIABILITY COMPANY
                        TABLE 172 SINOPEC YIZHENG CHEMICAL FIBRE LIMITED LIABILITY COMPANY: PRODUCTS/SOLUTIONS/SERVICES OFFERED
                        TABLE 173 SINOPEC YIZHENG CHEMICAL FIBRE LIMITED LIABILITY COMPANY: PRODUCT LAUNCHES
             12.1.10 AKSA AKRILIK KIMYA
                        TABLE 175 AKSA AKRILIK KIMYA: PRODUCTS/SOLUTIONS/SERVICES OFFERED
             12.1.11 JILIN CHEMICAL FIBER GROUP CO., LTD.
                        TABLE 177 JILIN CHEMICAL FIBER GROUP CO., LTD.: PRODUCTS/SOLUTIONS/SERVICES OFFERED
             12.1.12 LENZING GROUP
                        FIGURE 62 LENZING GROUP: COMPANY SNAPSHOT
                        TABLE 179 LENZING GROUP: PRODUCTS/SOLUTIONS/SERVICES OFFERED
             12.1.13 ASIA PACIFIC RAYON LIMITED
                        TABLE 181 ASIA PACIFIC RAYON LIMITED: PRODUCTS/SOLUTIONS/SERVICES OFFERED
             12.1.14 EASTMAN CHEMICAL COMPANY
                        TABLE 182 EASTMAN CHEMICAL COMPANY: COMPANY OVERVIEW
                        FIGURE 63 EASTMAN CHEMICAL COMPANY: COMPANY SNAPSHOT
                        TABLE 183 EASTMAN CHEMICAL COMPANY: PRODUCTS/SOLUTIONS/SERVICES OFFERED
                        TABLE 184 EASTMAN CHEMICAL COMPANY: PRODUCT LAUNCHES, JANUARY 2019– APRIL 2024
                        TABLE 185 EASTMAN CHEMICAL COMPANY: DEALS, JANUARY 2019– ARIL 2024
                        TABLE 186 EASTMAN CHEMICAL COMPANY: EXPANSIONS, JANUARY 2019– APRIL 2024
             12.1.15 PROVIDENCE YARN COMPANY, INC.
                        TABLE 188 PROVIDENCE YARN COMPANY: PRODUCTS/SOLUTIONS/SERVICES OFFERED
             12.1.16 JUTA A.S.
                        TABLE 189 JUTA A.S.: COMPANY OVERVIEW
                        TABLE 190 JUTA A.S.: PRODUCTS/SOLUTIONS/SERVICES OFFERED
             12.1.17 SCHACHENMAYR
                        TABLE 191 SCHACHENMAYR: COMPANY OVERVIEW
                        TABLE 192 SCHACHENMAYR: PRODUCTS/SOLUTIONS/SERVICES OFFERED
             12.1.18 SAGEZANDER
                        TABLE 193 SAGEZANDER: COMPANY OVERVIEW
                        TABLE 194 SAGEZANDER: PRODUCTS/SOLUTIONS/SERVICES OFFERED
             12.1.19 SWICOFIL AG
                        TABLE 195 SWICOFIL AG: COMPANY OVERVIEW
                        TABLE 196 SWICOFIL AG: PRODUCTS/SOLUTIONS/SERVICES OFFERED
                        TABLE 197 SWICOFIL AG: PRODUCT LAUNCHES, JANUARY 2019–APRIL 2024
     12.2 OTHER PLAYERS 
             12.2.1 THE BOMBAY DYEING AND MANUFACTURING COMPANY LIMITED
                        TABLE 198 THE BOMBAY DYING AND MANUFACTURING COMPANY LIMITED: COMPANY OVERVIEW
             12.2.2 SARLA PERFORMANCE FIBERS LIMITED
                        TABLE 199 SARLA PERFORMANCE FIBERS LIMITED: COMPANY OVERVIEW
             12.2.3 VNPOLYFIBER (VIETNAM POLYESTER STAPLE FIBER)
                        TABLE 200 VNPOLYFIBER (VIETNAM POLYESTER STAPLE FIBER): COMPANY OVERVIEW
             12.2.4 GRASIM INDUSTRIES LIMITED
                        TABLE 201 GRASIM INDUSTRIES LIMITED: COMPANY OVERVIEW
             12.2.5 ADITYA BIRLA YARN
                        TABLE 202 ADITYA BIRLA YARN: COMPANY OVERVIEW
 
*Details on Business overview, Products/Services/Solutions offered, Recent Developments, MNM view might not be captured in case of unlisted companies.
 
13 APPENDIX (Page No. - 245)
     13.1 DISCUSSION GUIDE 
     13.2 KNOWLEDGESTORE: MARKETSANDMARKETS’  SUBSCRIPTION PORTAL 
     13.3 CUSTOMIZATION OPTIONS 
     13.4 RELATED REPORT 
     13.5 AUTHOR DETAILS 

The study involves two major activities in estimating the current market size for the synthetic yarn market. Exhaustive secondary research was done to collect information on the market, peer market, and parent market. The next step was to validate these findings, assumptions, and sizing with industry experts across the value chain through primary research. Both top-down and bottom-up approaches were employed to estimate the complete market size. After that, market breakdown and data triangulation were used to estimate the market size of segments and subsegments.

Secondary Research

Secondary sources referred to for this research study include financial statements of companies offering synthetic yarn products and information from various trade, business, and professional associations. Secondary research has been used to obtain critical information about the industry’s value chain, the total pool of key players, market classification, and segmentation according to industry trends to the bottom-most level and regional markets. The secondary data was collected and analyzed to arrive at the overall size of the synthetic yarn market, which was validated by primary respondents.

Primary Research

Extensive primary research was conducted after obtaining information regarding the synthetic yarn market scenario through secondary research. Several primary interviews were conducted with market experts from both the demand and supply sides across major countries of Asia Pacific, Europe, North America, the Middle East & Africa, and Latin America. Primary data was collected through questionnaires, emails, and telephonic interviews. The primary sources from the supply side included various industry experts, such as Chief X Officers (CXOs), Vice Presidents (VPs), Directors from business development, marketing, product development/innovation teams, and related key executives from synthetic yarn industry vendors; system integrators; component providers; distributors; and key opinion leaders. Primary interviews were conducted to gather insights such as market statistics, data on revenue collected from the products and services, market breakdowns, market size estimations, market forecasting, and data triangulation. Primary research also helped in understanding the various trends related to type, end-use industries, and region. Stakeholders from the demand side, such as CIOs, CTOs, CSOs, and installation teams of the customer/end users who are using synthetic yarn products were interviewed to understand the buyer’s perspective on the suppliers, products, component providers, and their current usage of synthetic yarns and outlook of their business which will affect the overall market.

The Breakup of Primary Research:

Synthetic Yarn Market Size, and Share

To know about the assumptions considered for the study, download the pdf brochure

Market Size Estimation

The research methodology used to estimate the size of the synthetic yarn market includes the following details. The market sizing of the market was undertaken from the demand side. The market was upsized based on procurements and modernizations in synthetic yarn products in different end-use industries at a regional level. Such procurements provide information on the demand aspects of the synthetic yarn industry for each end-use industry. For each end-use industries, all possible segments of the synthetic yarn market were integrated and mapped.

Synthetic Yarn Market Size: Botton Up Approach

Synthetic Yarn Market Size, and Share

To know about the assumptions considered for the study, Request for Free Sample Report

Synthetic Yarn Market Size: Top-Down Approach

Synthetic Yarn Market Size, and Share

Data Triangulation

After arriving at the overall size from the market size estimation process explained above, the total market was split into several segments and subsegments. The data triangulation and market breakdown procedures explained below were implemented, wherever applicable, to complete the overall market engineering process and arrive at the exact statistics for various market segments and subsegments. The data was triangulated by studying various factors and trends from the demand and supply sides. Along with this, the market size was validated using both the top-down and bottom-up approaches.

Market Definition

Synthetic yarns are made from synthetic fibers such as polyester, nylon, rayon/viscose, acrylic, and others. These synthetic fibers are derived from petroleum and fossil fuel-based Chemicals. These fibers are created by melting polymer which are extruded through spinnerets and the fiber is formed. Synthetic yarns are strong, durable, versatile, and resistant to chemicals and abrasion. Synthetic yarns are used in a wide variety of industries such as apparel & home furnishings, aerospace, automotive & transportation, electrical & electronic and industrial applications.

Key Stakeholders

  • Synthetic yarn manufacturers
  • Synthetic yarn suppliers
  • Raw material suppliers
  • End-use industries
  • Government bodies
  • Universities, governments, and research organizations
  • Research and consulting firms
  • R&D institutions
  • Investment banks and private equity firms

Report Objectives

  • To define, describe, and forecast the synthetic yarn market size in terms of volume and value.
  • To provide detailed information regarding the key factors, such as drivers, restraints, opportunities, and challenges influencing market growth
  • To analyze and project the global synthetic yarn market by yarn type, fiber type, end-use industries, and region.
  • To forecast the market size concerning five main regions (along with country-level data), namely, Asia Pacific, Europe, North America, the Middle East & Africa and Latin America, and analyze the significant region-specific trends.
  • To strategically analyze micro markets with respect to individual growth trends, prospects, and contributions of the submarkets to the overall market
  • To analyze the market opportunities and the competitive landscape for stakeholders and market leaders
  • To assess recent market developments and competitive strategies, such as agreements, contracts, acquisitions, and new product developments/new product launches, to draw the competitive landscape.
  • To strategically profile the key market players and comprehensively analyze their core competencies.

Available Customizations

MarketsandMarkets offers following customizations for this market report:

  • Additional country-level analysis of the synthetic yarn market

Product Analysis

  • Product matrix, which provides a detailed comparison of the product portfolio of each company's market.
Custom Market Research Services

We will customize the research for you, in case the report listed above does not meet with your exact requirements. Our custom research will comprehensively cover the business information you require to help you arrive at strategic and profitable business decisions.

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Report Code
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Published ON
Jun, 2024
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