The market for textile yarn is estimated at USD 14.4 billion in 2023; it is projected to grow at a CAGR of 5.1% to reach USD 18.5 billion by 2028. Due to the population expansion, the textile sector is experiencing huge demand across Asia-Pacific. Some of the key factors boosting demand for textile yarns are the introduction of new textiles and the acceptance of new trends across the globe.
Major manufacturers in this market are based in North America and Asia-Pacific. 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) are among a few leading players operating in the textile yarn market. These players have adopted various growth strategies to strengthen their position in the market. These include product launches, contracts, partnerships, mergers and acquisitions, and new product development activities further to expand their presence in the textile yarn market.
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TORAY INDUSTRIES, INC.
Toray Industries is a multinational corporation based in Japan that operates in various industries, including textiles. It is known for its advanced materials and chemical products. Toray Industries produces a wide range of textile yarns that are used in various applications, including apparel, home textiles, industrial fabrics, and technical textiles. They offer both synthetic and natural fiber-based yarns, catering to different market needs. Toray Industries emphasizes research and development, focusing on innovations in textile technology. They aim to develop high-performance yarns that meet the evolving demands of the industry, such as sustainability, eco-friendly production processes, and improved performance characteristics.
INDORAMA VENTURES PUBLIC COMPANY
Indorama Ventures Public Company is a global chemical and textile company headquartered in Thailand. Indorama Ventures Public Company is one of the world's leading producers of polyester and yarn products and is involved in the manufacturing and distribution of textile yarns. It offers a wide range of textile yarns that are used in various industries, including apparel, home textiles, automotive, industrial applications, and more. Indorama Ventures Public Company has a global presence with manufacturing facilities and sales offices located across different regions. They supply their textile yarns to customers worldwide and have a strong reputation in the industry for their product quality, innovation, and sustainability efforts.
VARDHMAN TEXTILES LIMITED.
Vardhman Textiles Limited is an Indian company specializing in the production and distribution of textile products, including textile yarns. Vardhman Textiles has a strong presence in the textile industry and offers a wide range of yarns catering to various sectors. Vardhman Textiles produces a diverse range of textile yarns, including both natural and synthetic fibers. Their product portfolio includes cotton yarns, synthetic yarns (such as polyester and viscose), blended yarns, and specialty yarns with unique characteristics. These yarns are used in different applications, including apparel, home textiles, industrial fabrics, and technical textiles. Vardhman Textiles has a strong distribution network in Asia-Pacific and serves customers worldwide. Their yarns are well-regarded for their quality, reliability, and performance.
Raymond Limited is an Indian textile and apparel company with a rich heritage. While Raymond is primarily known for its high-quality fabrics and apparel, they also produce and distribute textile yarns. Raymond offers a diverse range of textile yarns to meet various industry requirements. Their product portfolio includes both natural and synthetic fiber-based yarns. Raymond is committed to delivering high-quality products while prioritizing sustainability. They adhere to stringent quality control measures throughout the manufacturing process to ensure consistency and customer satisfaction. Raymond also focuses on sustainable practices to minimize their environmental impact.
Additionally, Raymond has done well in the field of shirting fabrics. In addition, Raymond is the top producer and chosen supplier of premium Ring Denim to well-known international denim brands. With its cutting-edge manufacturing infrastructure and finest business practices, Raymond is a textile powerhouse that has set the bar for Indian textile manufacture.
Along with Park Avenue, ColorPlus, Parx, and Raymond Ready To Wear, Raymond is a competitive player in the ready-to-wear apparel market.
ASAHI KASEI CORPORATION.
Asahi Kasei Corporation is a multinational chemical company based in Japan. While it is involved in various industries, including healthcare, electronics, and housing materials, it also has a presence in the textile industry and offers a range of textile yarns. Asahi Kasei produces a variety of textile yarns using different fibers, including synthetic and natural materials. Their product portfolio includes yarns suitable for various applications, such as apparel, home textiles, industrial fabrics, and technical textiles. Asahi Kasei has consistently grown through the proactive development of its business portfolio to satisfy the changing needs of the population. The company has global presence in Europe, North America, South America, Asia, Japan, and Oceania.
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
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