Artifical Yarns Market
Artifical Yarns Market Forecasts to 2030 - Global Analysis By Type (Bright Yarn and Semi-Gloss Yarn), Material, Application and By Geography
|
Years Covered |
2021-2030 |
|
Estimated Year Value (2023) |
US $14.4 BN |
|
Projected Year Value (2030) |
US $23.2 BN |
|
CAGR (2023 - 2030) |
7.1% |
|
Regions Covered |
North America, Europe, Asia Pacific, South America, and Middle East & Africa |
|
Countries Covered |
US, Canada, Mexico, Germany, UK, Italy, France, Spain, Japan, China, India, Australia, New Zealand, South Korea, Rest of Asia Pacific, South America, Argentina, Brazil, Chile, Middle East & Africa, Saudi Arabia, UAE, Qatar, and South Africa |
|
Largest Market |
Asia Pacific |
|
Highest Growing Market |
Europe |
According to Stratistics MRC, the Global Artifical Yarns Market is accounted for $14.4 billion in 2023 and is expected to reach $23.2 billion by 2030 growing at a CAGR of 7.1% during the forecast period. Artificial yarns, sometimes called synthetic or man-made yarns, are fibers that are not sourced from natural sources such as plants or animals, but rather are produced chemically. Numerous advantages come with these synthetic yarns, such as their affordability, adaptability, and durability. They are employed in a wide range of fields and products, including as industrial materials, outdoor gear, textiles, and fashion. One of the most popular synthetic fibers is polyester. It is renowned for being colorfast, resilient to creases, and long-lasting. Polyester yarn is frequently utilized in many different products, such as apparel, household textiles, and industrial materials.
Market Dynamics:
Driver:
Growing fashion and apparel industry
With a sizeable share of the market, the fashion and clothing sector is one of the main users of artificial yarns. Growth in the business is strongly correlated with the market for synthetic fibers, which include spandex, nylon, polyester, and others. Sportswear, activewear, and apparel with an emphasis on performance have become increasingly popular. For these markets, the fashion industry uses synthetic yarns that are engineered to have properties like stretch, UV protection, moisture-wicking, and durability. Trends in fashion are ever-changing. Yarn creation becomes innovative as a result of the necessity to be up to date with consumer demands.
Restraint:
Recycling and circular economy
It can be difficult and expensive to put in place efficient recycling and circular economy systems for synthetic fibers. Infrastructure for collecting, sorting, cleaning, and reprocessing has to be heavily invested in, which might put a pressure on government and industry budgets. The grade of recycled synthetic fibers could differ from that of virgin materials. This can have an impact on the performance and consistency of synthetic yarns derived from recycled materials, making it more difficult for producers to guarantee the quality of their output.
Opportunity:
Sustainability and eco-friendly artificial yarns
Eco-friendliness and sustainability have propelled the expansion of synthetic yarns derived from recycled materials, including recycled polyester (rPET) yarns. As a result, the market's options have grown, drawing in customers who care about the environment. Nowadays, a lot of customers are increasingly aware of how their purchases affect the environment. They actively look for goods manufactured from eco-friendly yarns and other sustainable resources. As a result, a new market of ecologically conscious customers has emerged. The need for sustainability has spurred creativity in the creation of synthetic yarns that are environmentally beneficial thus manufacturers are making technological and scientific investments to produce yarns that have a smaller environmental effect, including synthetic fibers derived from biotechnology.
Threat:
High competition
Prices wars between suppliers and manufacturers can result from fierce rivalry. Companies may cut prices in order to stay competitive, which might diminish profit margins and make it more difficult for them to fund R&D or sustainability projects. Strong rivalry may cause overproduction, which may then result in waste and extra inventory. In addition to being inefficient, overproduction can have negative financial and environmental effects. Competition can cause abrupt shifts in the market dynamics that disrupt supply chains and affect both producers and consumers by causing variations in the availability of artificial yarns.
Covid-19 Impact
Artificial yarn manufacturing and distribution were impacted by the pandemic's disruption of global supply systems. The availability of raw supplies, transportation, and manufacturing processes were hampered by lockdowns, travel restrictions, and industrial closures. The market for textiles and clothing was affected by retail shop closures, lower consumer spending, and a change in consumer preferences, which resulted in a fluctuating demand for artificial yarns. The decline in demand resulted in temporary closures, curtailed operations, or worker layoffs at several textile and garment manufacturing sites. The creation of synthetic yarns was impacted by this.
The bright yarn segment is expected to be the largest during the forecast period
The bright yarn segment is estimated to have a lucrative growth, because yarn with a glossy or lustrous aspect is referred to as ""bright yarn"". When synthetic or artificial yarns are produced, certain finishes or additives are frequently used to give them this gloss. Vibrant yarns may provide fabrics and clothing a sense of style and aesthetic appeal. Because bright yarns capture and reflect light, they are highly sought after for evening attire, special events, and ornamental goods. The amount of shine that is wanted, the final product's look, and the intended usage all influence the type of bright yarn that is chosen thus all the above factors enhance the growth of the market.
The polyester segment is expected to have the highest CAGR during the forecast period
The polyester segment is anticipated to witness the highest CAGR growth during the forecast period, as it is one of the most popular synthetic fibers on the market for artificial yarns is polyester. It is highly valued because to its affordability, robustness, and adaptability. Polyester yarns have extensive uses in anything from industrial materials to apparel and textiles. Polyester's superior qualities—such as strength, ease of maintenance, and resistance to shrinking and wrinkles have made it a popular choice in the artificial yarn industry. Additionally, it gives producers the freedom to create a broad variety of yarn types, from shining to matte, based on the application and desired finish.
Region with largest share:
Asia Pacific is projected to hold the largest market share during the forecast period owing to the regions prominent textile manufacturer and exporter, and synthetic yarns are important to this sector of the economy. In this region, polyester yarn holds a leading position as a synthetic fibre. It is the most sought-after artificial yarn in the area due to its widespread application in the textile and clothing industries. Moreover technical textiles, which use synthetic yarns for specific applications including geotextiles, medical textiles, and automotive fabrics, are becoming more and more in demand in the Asia Pacific market.
Region with highest CAGR:
Europe is projected to have the highest CAGR over the forecast period, owing to the European markets strong emphasis on innovation and technology, which has led to improvements in fiber qualities, finishes that satisfy certain sustainability and performance requirements, and developments in artificial yarn technology. Additionally, artificial yarns are used in the European automobile industry for interior components including carpets, headliners, and seat coverings since they don't fade or wear easily. The fashion and textile industries in Europe are highly developed and serve specialized markets, creating a need for specialized artificial yarns with distinctive qualities.
Key players in the market
Some of the key players profiled in the Artifical Yarns Market include Jiangsu Zhongxin Resources Group, Shandong Shengrui Group, Hanil Synthetic Fiber, Aditya Birla Yarn, Hengfeng Group, Indorama, Zhangjiagang Huaying International, Sharman Woollen Mills, Chenab Textile Mills, Sutlej Textiles and Industries, Celanese Corporation, Asahi Kasei Corporation, Vardhman Textile Limited, Grasim Industries Limited, Thairayon, Arvind Advanced Materials and Bonar
Key Developments:
In September 2023, Celanese Corporation a global chemical and specialty materials company, and Mitsui & Co., Ltd. announced the signing of a definitive agreement to form a Food Ingredients joint venture under the name Nutrinova.
In June 2023, Birla Cellulose, the pulp and fibre business of the Aditya Birla Group and a leading sustainability-focused Man-Made Cellulosic Fibres (MMCF) producer, has announced a strategic partnership with Usha Yarn Ltd., a leading company in manufacturing and supply of sustainable recycled yarn.
Types Covered:
• Bright Yarn
• Semi-Gloss Yarn
Materials Covered:
• Nylon
• Polyester
• Acrylic
• Viscose
• Other Materials
Applications Covered:
• Home Textiles Industry
• Garment Industry
• Apparel
• Other Applications
Regions Covered:
• North America
o US
o Canada
o Mexico
• Europe
o Germany
o UK
o Italy
o France
o Spain
o Rest of Europe
• Asia Pacific
o Japan
o China
o India
o Australia
o New Zealand
o South Korea
o Rest of Asia Pacific
• South America
o Argentina
o Brazil
o Chile
o Rest of South America
• Middle East & Africa
o Saudi Arabia
o UAE
o Qatar
o South Africa
o Rest of Middle East & Africa
What our report offers:
- Market share assessments for the regional and country-level segments
- Strategic recommendations for the new entrants
- Covers Market data for the years 2021, 2022, 2023, 2026, and 2030
- Market Trends (Drivers, Constraints, Opportunities, Threats, Challenges, Investment Opportunities, and recommendations)
- Strategic recommendations in key business segments based on the market estimations
- Competitive landscaping mapping the key common trends
- Company profiling with detailed strategies, financials, and recent developments
- Supply chain trends mapping the latest technological advancements
Free Customization Offerings:
All the customers of this report will be entitled to receive one of the following free customization options:
• Company Profiling
o Comprehensive profiling of additional market players (up to 3)
o SWOT Analysis of key players (up to 3)
• Regional Segmentation
o Market estimations, Forecasts and CAGR of any prominent country as per the client's interest (Note: Depends on feasibility check)
• Competitive Benchmarking
o Benchmarking of key players based on product portfolio, geographical presence, and strategic alliances
Table of Contents
1 Executive Summary
2 Preface
2.1 Abstract
2.2 Stake Holders
2.3 Research Scope
2.4 Research Methodology
2.4.1 Data Mining
2.4.2 Data Analysis
2.4.3 Data Validation
2.4.4 Research Approach
2.5 Research Sources
2.5.1 Primary Research Sources
2.5.2 Secondary Research Sources
2.5.3 Assumptions
3 Market Trend Analysis
3.1 Introduction
3.2 Drivers
3.3 Restraints
3.4 Opportunities
3.5 Threats
3.6 Application Analysis
3.7 Emerging Markets
3.8 Impact of Covid-19
4 Porters Five Force Analysis
4.1 Bargaining power of suppliers
4.2 Bargaining power of buyers
4.3 Threat of substitutes
4.4 Threat of new entrants
4.5 Competitive rivalry
5 Global Artifical Yarns Market, By Type
5.1 Introduction
5.2 Bright Yarn
5.3 Semi-Gloss Yarn
6 Global Artifical Yarns Market, By Material
6.1 Introduction
6.2 Nylon
6.3 Polyester
6.4 Acrylic
6.5 Viscose
6.6 Other Materials
7 Global Artifical Yarns Market, By Application
7.1 Introduction
7.2 Home Textiles Industry
7.3 Garment Industry
7.4 Apparel
7.5 Other Applications
8 Global Artifical Yarns Market, By Geography
8.1 Introduction
8.2 North America
8.2.1 US
8.2.2 Canada
8.2.3 Mexico
8.3 Europe
8.3.1 Germany
8.3.2 UK
8.3.3 Italy
8.3.4 France
8.3.5 Spain
8.3.6 Rest of Europe
8.4 Asia Pacific
8.4.1 Japan
8.4.2 China
8.4.3 India
8.4.4 Australia
8.4.5 New Zealand
8.4.6 South Korea
8.4.7 Rest of Asia Pacific
8.5 South America
8.5.1 Argentina
8.5.2 Brazil
8.5.3 Chile
8.5.4 Rest of South America
8.6 Middle East & Africa
8.6.1 Saudi Arabia
8.6.2 UAE
8.6.3 Qatar
8.6.4 South Africa
8.6.5 Rest of Middle East & Africa
9 Key Developments
9.1 Agreements, Partnerships, Collaborations and Joint Ventures
9.2 Acquisitions & Mergers
9.3 New Product Launch
9.4 Expansions
9.5 Other Key Strategies
10 Company Profiling
10.1 Jiangsu Zhongxin Resources Group
10.2 Shandong Shengrui Group
10.3 Hanil Synthetic Fiber
10.4 Aditya Birla Yarn
10.5 Hengfeng Group
10.6 Indorama
10.7 Zhangjiagang Huaying International
10.8 Sharman Woollen Mills
10.9 Chenab Textile Mills
10.10 Sutlej Textiles and Industries
10.11 Celanese Corporation
10.12 Asahi Kasei Corporation
10.11 Vardhman Textile Limited
10.14 Grasim Industries Limited
10.15 Thairayon
10.16 Arvind Advanced Materials
10.17 Bonar
List of Tables
1 Global Artifical Yarns Market Outlook, By Region (2021-2030) ($MN)
2 Global Artifical Yarns Market Outlook, By Type (2021-2030) ($MN)
3 Global Artifical Yarns Market Outlook, By Bright Yarn (2021-2030) ($MN)
4 Global Artifical Yarns Market Outlook, By Semi-Gloss Yarn (2021-2030) ($MN)
5 Global Artifical Yarns Market Outlook, By Material (2021-2030) ($MN)
6 Global Artifical Yarns Market Outlook, By Nylon (2021-2030) ($MN)
7 Global Artifical Yarns Market Outlook, By Polyester (2021-2030) ($MN)
8 Global Artifical Yarns Market Outlook, By Acrylic (2021-2030) ($MN)
9 Global Artifical Yarns Market Outlook, By Viscose (2021-2030) ($MN)
10 Global Artifical Yarns Market Outlook, By Other Materials (2021-2030) ($MN)
11 Global Artifical Yarns Market Outlook, By Application (2021-2030) ($MN)
12 Global Artifical Yarns Market Outlook, By Home Textiles Industry (2021-2030) ($MN)
13 Global Artifical Yarns Market Outlook, By Garment Industry (2021-2030) ($MN)
14 Global Artifical Yarns Market Outlook, By Apparel (2021-2030) ($MN)
15 Global Artifical Yarns Market Outlook, By Other Applications (2021-2030) ($MN)
16 North America Artifical Yarns Market Outlook, By Country (2021-2030) ($MN)
17 North America Artifical Yarns Market Outlook, By Type (2021-2030) ($MN)
18 North America Artifical Yarns Market Outlook, By Bright Yarn (2021-2030) ($MN)
19 North America Artifical Yarns Market Outlook, By Semi-Gloss Yarn (2021-2030) ($MN)
20 North America Artifical Yarns Market Outlook, By Material (2021-2030) ($MN)
21 North America Artifical Yarns Market Outlook, By Nylon (2021-2030) ($MN)
22 North America Artifical Yarns Market Outlook, By Polyester (2021-2030) ($MN)
23 North America Artifical Yarns Market Outlook, By Acrylic (2021-2030) ($MN)
24 North America Artifical Yarns Market Outlook, By Viscose (2021-2030) ($MN)
25 North America Artifical Yarns Market Outlook, By Other Materials (2021-2030) ($MN)
26 North America Artifical Yarns Market Outlook, By Application (2021-2030) ($MN)
27 North America Artifical Yarns Market Outlook, By Home Textiles Industry (2021-2030) ($MN)
28 North America Artifical Yarns Market Outlook, By Garment Industry (2021-2030) ($MN)
29 North America Artifical Yarns Market Outlook, By Apparel (2021-2030) ($MN)
30 North America Artifical Yarns Market Outlook, By Other Applications (2021-2030) ($MN)
31 Europe Artifical Yarns Market Outlook, By Country (2021-2030) ($MN)
32 Europe Artifical Yarns Market Outlook, By Type (2021-2030) ($MN)
33 Europe Artifical Yarns Market Outlook, By Bright Yarn (2021-2030) ($MN)
34 Europe Artifical Yarns Market Outlook, By Semi-Gloss Yarn (2021-2030) ($MN)
35 Europe Artifical Yarns Market Outlook, By Material (2021-2030) ($MN)
36 Europe Artifical Yarns Market Outlook, By Nylon (2021-2030) ($MN)
37 Europe Artifical Yarns Market Outlook, By Polyester (2021-2030) ($MN)
38 Europe Artifical Yarns Market Outlook, By Acrylic (2021-2030) ($MN)
39 Europe Artifical Yarns Market Outlook, By Viscose (2021-2030) ($MN)
40 Europe Artifical Yarns Market Outlook, By Other Materials (2021-2030) ($MN)
41 Europe Artifical Yarns Market Outlook, By Application (2021-2030) ($MN)
42 Europe Artifical Yarns Market Outlook, By Home Textiles Industry (2021-2030) ($MN)
43 Europe Artifical Yarns Market Outlook, By Garment Industry (2021-2030) ($MN)
44 Europe Artifical Yarns Market Outlook, By Apparel (2021-2030) ($MN)
45 Europe Artifical Yarns Market Outlook, By Other Applications (2021-2030) ($MN)
46 Asia Pacific Artifical Yarns Market Outlook, By Country (2021-2030) ($MN)
47 Asia Pacific Artifical Yarns Market Outlook, By Type (2021-2030) ($MN)
48 Asia Pacific Artifical Yarns Market Outlook, By Bright Yarn (2021-2030) ($MN)
49 Asia Pacific Artifical Yarns Market Outlook, By Semi-Gloss Yarn (2021-2030) ($MN)
50 Asia Pacific Artifical Yarns Market Outlook, By Material (2021-2030) ($MN)
51 Asia Pacific Artifical Yarns Market Outlook, By Nylon (2021-2030) ($MN)
52 Asia Pacific Artifical Yarns Market Outlook, By Polyester (2021-2030) ($MN)
53 Asia Pacific Artifical Yarns Market Outlook, By Acrylic (2021-2030) ($MN)
54 Asia Pacific Artifical Yarns Market Outlook, By Viscose (2021-2030) ($MN)
55 Asia Pacific Artifical Yarns Market Outlook, By Other Materials (2021-2030) ($MN)
56 Asia Pacific Artifical Yarns Market Outlook, By Application (2021-2030) ($MN)
57 Asia Pacific Artifical Yarns Market Outlook, By Home Textiles Industry (2021-2030) ($MN)
58 Asia Pacific Artifical Yarns Market Outlook, By Garment Industry (2021-2030) ($MN)
59 Asia Pacific Artifical Yarns Market Outlook, By Apparel (2021-2030) ($MN)
60 Asia Pacific Artifical Yarns Market Outlook, By Other Applications (2021-2030) ($MN)
61 South America Artifical Yarns Market Outlook, By Country (2021-2030) ($MN)
62 South America Artifical Yarns Market Outlook, By Type (2021-2030) ($MN)
63 South America Artifical Yarns Market Outlook, By Bright Yarn (2021-2030) ($MN)
64 South America Artifical Yarns Market Outlook, By Semi-Gloss Yarn (2021-2030) ($MN)
65 South America Artifical Yarns Market Outlook, By Material (2021-2030) ($MN)
66 South America Artifical Yarns Market Outlook, By Nylon (2021-2030) ($MN)
67 South America Artifical Yarns Market Outlook, By Polyester (2021-2030) ($MN)
68 South America Artifical Yarns Market Outlook, By Acrylic (2021-2030) ($MN)
69 South America Artifical Yarns Market Outlook, By Viscose (2021-2030) ($MN)
70 South America Artifical Yarns Market Outlook, By Other Materials (2021-2030) ($MN)
71 South America Artifical Yarns Market Outlook, By Application (2021-2030) ($MN)
72 South America Artifical Yarns Market Outlook, By Home Textiles Industry (2021-2030) ($MN)
73 South America Artifical Yarns Market Outlook, By Garment Industry (2021-2030) ($MN)
74 South America Artifical Yarns Market Outlook, By Apparel (2021-2030) ($MN)
75 South America Artifical Yarns Market Outlook, By Other Applications (2021-2030) ($MN)
76 Middle East & Africa Artifical Yarns Market Outlook, By Country (2021-2030) ($MN)
77 Middle East & Africa Artifical Yarns Market Outlook, By Type (2021-2030) ($MN)
78 Middle East & Africa Artifical Yarns Market Outlook, By Bright Yarn (2021-2030) ($MN)
79 Middle East & Africa Artifical Yarns Market Outlook, By Semi-Gloss Yarn (2021-2030) ($MN)
80 Middle East & Africa Artifical Yarns Market Outlook, By Material (2021-2030) ($MN)
81 Middle East & Africa Artifical Yarns Market Outlook, By Nylon (2021-2030) ($MN)
82 Middle East & Africa Artifical Yarns Market Outlook, By Polyester (2021-2030) ($MN)
83 Middle East & Africa Artifical Yarns Market Outlook, By Acrylic (2021-2030) ($MN)
84 Middle East & Africa Artifical Yarns Market Outlook, By Viscose (2021-2030) ($MN)
85 Middle East & Africa Artifical Yarns Market Outlook, By Other Materials (2021-2030) ($MN)
86 Middle East & Africa Artifical Yarns Market Outlook, By Application (2021-2030) ($MN)
87 Middle East & Africa Artifical Yarns Market Outlook, By Home Textiles Industry (2021-2030) ($MN)
88 Middle East & Africa Artifical Yarns Market Outlook, By Garment Industry (2021-2030) ($MN)
89 Middle East & Africa Artifical Yarns Market Outlook, By Apparel (2021-2030) ($MN)
90 Middle East & Africa Artifical Yarns Market Outlook, By Other Applications (2021-2030) ($MN)
List of Figures
RESEARCH METHODOLOGY
We at ‘Stratistics’ opt for an extensive research approach which involves data mining, data validation, and data analysis. The various research sources include in-house repository, secondary research, competitor’s sources, social media research, client internal data, and primary research.
Our team of analysts prefers the most reliable and authenticated data sources in order to perform the comprehensive literature search. With access to most of the authenticated data bases our team highly considers the best mix of information through various sources to obtain extensive and accurate analysis.
Each report takes an average time of a month and a team of 4 industry analysts. The time may vary depending on the scope and data availability of the desired market report. The various parameters used in the market assessment are standardized in order to enhance the data accuracy.
Data Mining
The data is collected from several authenticated, reliable, paid and unpaid sources and is filtered depending on the scope & objective of the research. Our reports repository acts as an added advantage in this procedure. Data gathering from the raw material suppliers, distributors and the manufacturers is performed on a regular basis, this helps in the comprehensive understanding of the products value chain. Apart from the above mentioned sources the data is also collected from the industry consultants to ensure the objective of the study is in the right direction.
Market trends such as technological advancements, regulatory affairs, market dynamics (Drivers, Restraints, Opportunities and Challenges) are obtained from scientific journals, market related national & international associations and organizations.
Data Analysis
From the data that is collected depending on the scope & objective of the research the data is subjected for the analysis. The critical steps that we follow for the data analysis include:
- Product Lifecycle Analysis
- Competitor analysis
- Risk analysis
- Porters Analysis
- PESTEL Analysis
- SWOT Analysis
The data engineering is performed by the core industry experts considering both the Marketing Mix Modeling and the Demand Forecasting. The marketing mix modeling makes use of multiple-regression techniques to predict the optimal mix of marketing variables. Regression factor is based on a number of variables and how they relate to an outcome such as sales or profits.
Data Validation
The data validation is performed by the exhaustive primary research from the expert interviews. This includes telephonic interviews, focus groups, face to face interviews, and questionnaires to validate our research from all aspects. The industry experts we approach come from the leading firms, involved in the supply chain ranging from the suppliers, distributors to the manufacturers and consumers so as to ensure an unbiased analysis.
We are in touch with more than 15,000 industry experts with the right mix of consultants, CEO's, presidents, vice presidents, managers, experts from both supply side and demand side, executives and so on.
The data validation involves the primary research from the industry experts belonging to:
- Leading Companies
- Suppliers & Distributors
- Manufacturers
- Consumers
- Industry/Strategic Consultants
Apart from the data validation the primary research also helps in performing the fill gap research, i.e. providing solutions for the unmet needs of the research which helps in enhancing the reports quality.
For more details about research methodology, kindly write to us at info@strategymrc.com
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