Textile Yarn Market by Source (Chemical, Plant, Animal), Type (Artificial, Natural), Application (Apparel, Home Textile, Industrial), and Region (North America, Europe, Asia Pacific, Rest of the World) - Global Forecast to 2028
The global textile yarn market is projected to reach USD 18.5 billion by 2028 from USD 14.4 billion by 2023, at a CAGR of 5.1% during the forecast period in terms of value. The market has witnessed significant growth and established its dominance in the global textile industry. With the ever-increasing demand for textiles and a variety of applications, the market has experienced a surge in production and consumption of yarns. According to OECD, Asia’s share of total middle-class consumer spending worldwide will be 42% by 2020, which may rise to 59% by 2030. Thus, as the middle-class population expands and consumer spending power rises, individuals have more disposable income to spend on various goods, including textiles and clothing. This increased purchasing power directly translates into higher demand for textile products, which, in turn, drives the demand for textile yarns.
Moreover, the industry's focus on sustainability and eco-friendly practices has led to the development of yarns made from recycled fibers and organic materials, further driving market growth. With a global presence and trade networks, the market has become a competitive and dynamic landscape, with key players constantly striving to meet the demands of the textile industry and maintain their dominance in the market. As emerging markets continue to witness rapid urbanization and economic growth, the textile yarn market is poised for further expansion and is expected to retain its position as a crucial component of the global textile sector.
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Textile Yarn Market Dynamics
Drivers: Increasing Global Population Drives Growth in the Market
The market has seen tremendous growth in recent years, driven by a range of factors. One of the most significant factors is the growing emphasis on sustainability and eco-friendliness in the textile industry. In addition to this, the increasing global population and changing fashion trends drive the demand for textiles, thereby stimulating the demand for textile yarns. The world's population continues to grow steadily, leading to a larger consumer base for textile products. With more people needing clothing, home textiles, and other fabric-based items, the demand for textiles rises. This, in turn, drives the need for textile yarns to produce the fabrics and materials required to meet this growing demand.
Restraints: Dependency on raw materials availability is restraining the growth of the market
While the textile yarn market has many advantages, there are also some potential drawbacks to consider. One of the main concerns for manufacturers is the availability and prices of raw materials, especially natural fibers, it can be influenced by factors like weather conditions, geopolitical events, and changing trade policies, which can impact the overall supply chain and pose restraints on production. The market is significantly dependent on the availability of raw materials. Raw materials, such as natural fibers (cotton, wool, silk, linen) and synthetic fibers (polyester, nylon, acrylic), are crucial to produce textile yarns. The availability, quality, and pricing of these raw materials directly impact the manufacturing and pricing of yarns.
Opportunities: Innovation in yarn development and technological advancements presents opportunities in the growing market
The market presents an opportunity for new product development and innovation in yarn development. As the market continues to grow and expand into new geographies, there is a need for companies to differentiate themselves and stand out from competitors. There are ample opportunities for manufacturers to develop innovative yarns with enhanced properties, such as stretchability, moisture-wicking, and antibacterial features, to cater to the evolving demands of consumers and various industries. The expansion of the market into new geographies also presents an opportunity for companies to adapt their products to meet the needs and preferences of consumers in different regions. The textile yarn market offers a promising opportunity for companies to develop new and innovative products that can meet the evolving needs and preferences of consumers.
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Challenges: Consumers may not be aware of the risks and limitations of Textile Yarns.
The textile yarn market is becoming increasingly competitive, making it challenging for companies to differentiate themselves and stand out from the crowd. The volatility in prices of raw materials, such as cotton, polyester, and other fibers, poses a challenge for manufacturers in managing their production costs and pricing strategies. The textile industry face challenges for its environmental impact, including water usage, chemical pollution, and waste generation. Manufacturers must address these concerns and adopt sustainable practices, which can pose challenges in terms of investments and operational changes.
Artificial Yarn was one of the Type Which Accounted Highest Market Share in North America
Artificial yarn is a type of textile yarn that is becoming increasingly popular. Artificial yarn has witnessed a surge in demand in North America due to its various advantages. Synthetic fibers such as polyester, nylon, and acrylic offer durability, versatility, and affordability, making them popular choices for textile applications. The increasing demand for synthetic yarns in industries such as apparel, home textiles, automotive textiles, and industrial textiles has contributed to the growth of the market in North America.
Changing fashion trends and evolving consumer preferences in North America have influenced the dominance of artificial yarns. Synthetic fibers offer a wide range of design options, vibrant color, and unique textures, allowing designers and manufacturers to create fashionable and trendy products. The versatility of artificial yarns enables the production of fabrics for diverse styles and applications, driving their dominance in the textile yarn market.
U.K. is one of the Major Market for Textile Yarn in Europe
U.K. is one of the largest markets for Textile Yarns in Europe. The popularity of Textile Yarns has increased significantly in recent years due to various factors, including technological advancements, focus on sustainability and quality, fashion, and design influence, etc. Europe has a rich heritage and long-standing tradition in the textile industry. The U.K. region is known for its expertise in textile manufacturing, including spinning, weaving, and dyeing. This strong foundation has contributed to the growth and dominance of textile yarn production in U.K.
The UK is known for its technological advancements in the textile sector. The industry has embraced automation, digitalization, and innovative spinning techniques, leading to the development of high-quality and diverse textile yarns. These technological advancements have enhanced production efficiency, improved yarn quality, and expanded the range of options available to manufacturers and designers.
There is a growing emphasis on sustainability and ethical practices in the UK's textile yarn market. Consumers are increasingly conscious of the environmental and social impact of their purchases. British textile manufacturers have responded by adopting sustainable and ethical practices, including the use of organic and recycled fibers, minimizing waste, and ensuring fair working conditions. This commitment to sustainability and ethics has positioned UK-made textile yarns as desirable options for environmentally conscious consumers.
Key Market Players in the Textile Yarn Market
The key players in this market include Celanese Corporation (US), Asahi Kasei Corporation. (Japan). TORAY INDUSTRIES, INC. (Japan), Indorama Ventures Public Company (Thailand), KURARAY CO., LTD. (Japan), PARKDALE. (US), Vardhman Textiles Limited. (India), Huvis (Korea), Grasim Industries Limited. (India), Raymond (India), Weiqiao Textile Company Limited (China), Arvind Advanced Materials (India), Masood Textile Mills Ltd (Pakistan), Hengli Group Co., Ltd. (China) and Kipas Holding. (Turkey).
Scope of the Textile Yarn Market Report
Report Metric |
Details |
Market valuation in 2023 |
USD 14.4 billion |
Market prediction in 2028 |
USD 18.5 billion |
Progress rate |
CAGR of 5.1% from 2023 to 2028 |
Segments covered |
By Type, Source, Application, and Region |
Regions covered |
North America, Europe, Asia Pacific, and RoW |
Companies studied |
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Target Audience of the Textile Yarn Market
- Textile yarn producers, suppliers, distributors, importers, and exporters
- Large-scale textile yarn manufacturers, and research organizations
- Related government authorities, commercial research & development (R&D) institutions, FDA, EFSA, USDA, FSANZ, EUFIC government agencies & NGOs, and other regulatory bodies
- Food product consumers
- Regulatory bodies, including government agencies and NGOs.
- Commercial research & development (R&D) institutions and financial institutions
- Government and research organizations
Textile Yarn Market Report Segmentation:
This research report categorizes the market, based on type, source, application, and region.
Aspect |
Details |
By Source |
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By Type |
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By Application |
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By Region |
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Recent Developments in the Textile Yarn Market
- In June 2022, Huvis (Korea) made a business agreement with Jakomo (South Korea) for contributing to the spread of eco-friendly products. This enabled the company to supply non-toxic substance-free staple fiber products.
- In September 2021, Celanese Corporation (US) launched Hostaform RF a new product, a low permeation acetyl copolymer tailored for small Off-Toad Engine and marine fuel tanks, hydraulic reservoirs, and industrial bulk containers.
Frequently Asked Questions (FAQ):
Which region is projected to account for the largest share of the Textile Yarn market?
The market is expected to grow in Asia Pacific and is expected to dominate during the forecast period. The international textile market is now witnessing developing markets in the Asia Pacific region. The market is gaining traction in Asia Pacific, majorly due to the increasing fashion trends and consumer preferences. Increasing availability of textile yarn products in the market drive market growth in Asia Pacific.
What is the current size of the Textile Yarn market?
The global Textile Yarn market is projected to reach USD 18.5 billion by 2028 from USD 14.4 billion by 2023, at a CAGR of 5.1% during the forecast period in terms of value.
Which are the key players in the market, and how intense is the competition?
The key players in this market include Celanese Corporation (US), Asahi Kasei Corporation. (Japan). TORAY INDUSTRIES, INC. (Japan), Indorama Ventures Public Company (Thailand), KURARAY CO., LTD. (Japan), PARKDALE. (US), Vardhman Textiles Limited. (India), Huvis (Korea), Grasim Industries Limited. (India), Raymond (India), Weiqiao Textile Company Limited (China), Arvind Advanced Materials (India), Masood Textile Mills Ltd (Pakistan), Hengli Group Co., Ltd. (China) and Kipas Holding. (Turkey).
The Textile Yarn market witnesses increased scope for growth. The market is seeing an increase in the number of mergers and acquisitions and new product launches. Moreover, the companies involved in the production of Textile Yarns are investing a considerable proportion of their revenues in research and development activities.
Which type is projected to account for the largest share of the textile yarn market?
Artificial yarn type is expected to dominate the textile yarn market during the forecast period. Artificial yarn, such as synthetic fibers, has been widely used in the textile industry for many years. Synthetic fibers like polyester, nylon, and acrylic offer several advantages over natural fibers, including durability, wrinkle resistance, moisture-wicking properties, and ease of care. These characteristics make them suitable for a variety of applications in clothing, home textiles, and industrial fabrics, making it to dominate the textile yarn market.
Which source is projected to dominate the textile yarn market?
Chemical source is projected to dominate the textile yarn market, particularly in synthetic fibers as it offers a high degree of versatility and performance compared to natural fibers. Synthetic fibers are engineered to possess specific properties such as strength, durability, elasticity, moisture-wicking abilities, and resistance to wrinkles, shrinkage, and fading. These characteristics make them suitable for a wide range of applications, including clothing, home textiles, technical textiles, and industrial fabrics.
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The study involved four major activities in estimating the current size of the textile 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
This research study involved the extensive use of secondary sources—directories and databases such as Bloomberg Businessweek and Factiva—to identify and collect information useful for a technical, market-oriented, and commercial study of the the market.
In the secondary research process, various sources such as annual reports, press releases & investor presentations of companies, white papers, food journals, certified publications, articles from recognized authors, gold & silver standard websites, directories, and databases, were referred to identify and collect information. This research study involved the extensive use of secondary sources—directories and databases such as Bloomberg Businessweek and Factiva—to identify and collect information useful for a technical, market-oriented, and commercial study of the textile yarn market.
Secondary research was mainly used to obtain key information about the industry’s supply chain, the total pool of key players, and market classification and segmentation as per the industry trends to the bottom-most level, regional markets, and key developments from both market- and technology-oriented perspectives.
Primary Research
Extensive primary research was conducted after obtaining information regarding the textile 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 North America, Europe, Asia Pacific, and Rest of the World. 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, research and development teams, and related key executives from distributors, and key opinion leaders. Primary interviews were conducted to gather insights such as market statistics, data of 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 types of textile yarns, form, application, and region. Stakeholders from the demand side, such as food and beverage companies and health and personal care companies who are using textile yarn were interviewed to understand the buyer’s perspective on the suppliers, products, and their current usage of textile yarn and outlook of their business which will affect the overall market.
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COMPANY NAME |
designation |
Celanese Corporation (US) |
General Manager |
Asahi Kasei Corporation. (Japan) |
Sales Manager |
TORAY INDUSTRIES, INC. (Japan) |
Director |
Indorama Ventures Public Company (Thailand) |
Individual Industry Expert |
KURARAY CO., LTD. (Japan) |
Marketing Manager |
PARKDALE. (US) |
Sales Executive |
Vardhman Textiles Limited. (India) |
Sales Manager |
Huvis (Korea) |
Individual Industry Expert |
Grasim Industries Limited. (India) |
Manager |
Raymond (India) |
Individual Industry Expert |
Textile Yarn Market Size Estimation
Both the top-down and bottom-up approaches were used to estimate and validate the total size of the market. These approaches were also used extensively to determine the size of various subsegments in the market. The research methodology used to estimate the market size includes the following details:
- The key players in the industry and the overall markets were identified through extensive secondary research.
- The revenues of the major textile yarn players were determined through primary and secondary research, which were used as the basis for market sizing and estimation.
- All percentage shares, splits, and breakdowns were determined using secondary sources and verified through primary sources.
- All macroeconomic and microeconomic factors affecting the growth of the market were considered while estimating the market size.
- All possible parameters that affect the market covered in this research study were accounted for, viewed in extensive detail, verified through primary research, and analyzed to obtain final quantitative and qualitative data.
Global Textile Yarn Market: Bottom Up Approach
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Global Textile yarn Market: Top Down Approach
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.
Textile Yarn Market Definition
Textile yarn refers to the market for various types of yarns that are used in the production of textiles. Yarn is a continuous strand of fibers that is twisted or spun together to form a cohesive thread. It serves as the basic building block for fabric and is used in various textile applications such as apparel, home furnishings, industrial textiles, and more.
The market encompasses a wide range of yarn types, including natural fibers such as cotton, wool, silk, and linen, as well as synthetic and man-made fibers such as polyester, nylon, acrylic, and rayon. Yarns can also be blended, combining different fibers to achieve desired properties or characteristics.
Textile Yarn Market Report Objectives
- Determining and projecting the size of the market, with respect to type, source, application, and regions, over five years, ranging from 2023 to 2028
- Identifying the attractive opportunities in the market by determining the largest and fastest-growing segments across regions
- Providing detailed information about the key factors influencing the growth of the market (drivers, restraints, opportunities, and industry-specific challenges)
- Analyzing the micro-markets with respect to individual growth trends, prospects, and their contribution to the total market
- Impact of macro- and microeconomic factors on the market
- Impact of recession on the global market
- Shifts in demand patterns across different subsegments and regions.
- Identifying and profiling the key market players in the market
- Understanding the competitive landscape and identifying the major growth strategies adopted by players across the key regions.
Key Stakeholders of the Textile Yarn Market
- Government regulatory authorities and research bodies
- Global Organic Textile Standard (GOTS)
- OEKO-TEK
- Fairtrade Textile Standard
- US Cotton Trust Protocol
- Textile yarn manufacturers
- Raw material suppliers
- Distributors & suppliers
- Importers & exporters of textile yarn
- Traders of textile yarn
- End-use industries
- Industry associations
Available Customizations:
With the given market data, MarketsandMarkets offers customizations according to company-specific scientific needs.
The following customization options are available for the report:
Product Analysis
- Product Matrix, which gives a detailed comparison of the product portfolio of each company.
Geographic Analysis of the Textile Yarn Market
With the given market data, MarketsandMarkets offers customizations according to company-specific scientific needs.
- Further breakdown of the Rest of Europe into the Netherlands, Poland, Belgium, Sweden, and other EU & non-EU countries
- Further breakdown of the Rest of Asia Pacific into Indonesia, Malaysia, Thailand, the Philippines, Singapore, and Vietnam.
- Further breakdown of Rest of the World into South America and Middle East and Africa.
Company Information
- Detailed analyses and profiling of additional market players (up to five)
Growth opportunities and latent adjacency in Textile Yarn Market