Abstract
Summary
The textile yarn market is projected to grow from USD 14.4.5 Billion in 2023 to USD 18.598.5 Billion by 2028, at a CAGR of 5.1% during the forecast period. The increasing global population, coupled with urbanization trends, has a direct impact on the textile yarn market. As more people move to urban areas, the demand for textiles and textile products rises, creating a higher demand for textile yarns.
The cotton yarn segment in plant yarn type is expected to account for the largest share in 2023.
Based on plant sources, the cotton segment is projected to lead the textile yarn market during the forecast period. Cotton yarn holds a significant position in the textile industry and has experienced substantial demand, growth, and dominance over the years. Cotton yarn is particularly dominant in the clothing industry due to its favorable properties for making comfortable and breathable garments. It is the preferred choice for manufacturing a wide range of clothing items, including t-shirts, jeans, dresses, shirts, and innerwear. The demand for cotton yarn in the clothing sector remains consistently high.
Home textile is one of the segments that is projected to grow in the application segment during the forecast period.
Based on the application segment, the home textile segment is projected to grow during the forecast period. Home textiles encompass a wide range of textile products used in residential settings, including bedding, curtains, upholstery fabrics, towels, rugs, and more. Home textiles play a vital role in enhancing the aesthetic appeal and functionality of homes. They are used for various purposes, such as providing comfort, adding decorative elements, and improving the overall ambiance of living spaces. Textile yarns are essential components in the production of home textile products, as they form the foundation for weaving or knitting fabrics used in these applications.
China is expected to account for the largest market share in Asia-Pacific in 2023.
China possesses a significant manufacturing capacity for textile yarn production. The country has a well-established and extensive textile industry, with numerous spinning mills and yarn manufacturers. Its large-scale production capabilities allow China to meet both domestic and international demand for textile yarns. China's textile industry benefits from cost-effective production. The country has access to abundant raw materials, such as cotton and synthetic fibers, at competitive prices. Additionally, China has established a strong infrastructure for textile manufacturing, including well-developed supply chains and efficient production processes. These factors enable Chinese manufacturers to offer competitive pricing for textile yarns.
The break-up of the profile of primary participants in the textile yarn market:
• By Company Type: Tier 1 – 60%, Tier 2 – 25%, and Tier 3 – 15%
• By Designation: C Level – 35%, Director Level – 45%, Others-20%
• By Region: Asia Pacific – 73%, Europe – 10%, North America – 7%, and Rest of the World – 10%
Prominent companies include Celanese Corporation (US), Asahi Kasei Corporation. (Japan). TORAY INDUSTRIES, INC. (Japan), Indorama Ventures Public Company (Thailand), KURARAY CO., LTD. (Japan)among others.
Research Coverage:
This research report categorizes the textile yarn market by Source (Chemical, Plant, Animal, Other Sources), Type (Artificial, Natural and Other types), Application (Apparel, Home Textile, Industrial, Other Applications), and Region (North America, Europe, Asia Pacific, and Rest of the World). The scope of the report covers detailed information regarding the major factors, such as drivers, restraints, challenges, and opportunities, influencing the growth of the textile yarn market. A detailed analysis of the key industry players has been done to provide insights into their business overview, solutions, and services; key strategies; contracts, partnerships, agreements, new product & service launches, mergers and acquisitions, and recent developments associated with the textile yarn market. Competitive analysis of upcoming startups in the textile yarn market ecosystem is covered in this report.
Reasons to buy this report:
The report will help the market leaders/new entrants in this market with information on the closest approximations of the revenue numbers for the overall textile yarn market and the subsegments. This report will help stakeholders understand the competitive landscape and gain more insights to position their businesses better and to plan suitable go-to-market strategies. The report also helps stakeholders understand the pulse of the market and provides them with information on key market drivers, restraints, challenges, and opportunities.
The report provides insights on the following pointers:
Analysis of key drivers (Improved demand for textile yarn across apparel, home textile and industrial purposes, Innovations in production process and end use industries), restraints (Stringent rules and regulations, Volatility in raw materials price and their availability), opportunity (Growing demand for organic-based yarns, Development of new varieties and blends), and challenges (High inventory holding costs, Direct government assistance to raw material producers in developed countries, Maintaining quality through scattered sourcing channels and Trans-Pacific Partnership hindering growth) influencing the growth of the textile yarn market.
• Product Development/Innovation: Detailed insights on upcoming technologies, research & development activities, and new product & service launches in the textile yarn market.
• Market Development: Comprehensive information about lucrative markets – the report analyses the textile yarn market across varied regions.
• Market Diversification: Exhaustive information about new products & services, untapped geographies, recent developments, and investments in the textile yarn market.
• Competitive Assessment: In-depth assessment of market shares, growth strategies and service offerings of leading players like Celanese Corporation (US), Asahi Kasei Corporation. (Japan). TORAY INDUSTRIES, INC. (Japan), Indorama Ventures Public Company (Thailand), KURARAY CO., LTD. (Japan) among others in the textile yarn market strategies. The report also helps stakeholders understand the textile yarn market and provides them with information on key market drivers, restraints, challenges, and opportunities.
Table of Contents
1 INTRODUCTION 41
1.1 STUDY OBJECTIVES 41
1.2 MARKET DEFINITION 42
1.3 STUDY SCOPE 42
1.3.1 MARKETS COVERED 42
1.3.2 REGIONS COVERED 43
1.4 INCLUSIONS & EXCLUSIONS 43
1.5 YEARS CONSIDERED 44
1.6 CURRENCY CONSIDERED 44
1.7 STAKEHOLDERS 45
1.8 SUMMARY OF CHANGES 45
1.8.1 IMPACT OF RECESSION 46
2 RESEARCH METHODOLOGY 47
2.1 RESEARCH DATA 47
2.1.1 SECONDARY DATA 48
- 2.1.1.1 Key data from secondary sources 48
2.1.2 PRIMARY DATA 48
- 2.1.2.1 Key data from primary sources 49
- 2.1.2.2 Key insights from industry experts 50
- 2.1.2.3 Breakdown of primary interviews 50
2.2 MARKET SIZE ESTIMATION 51
2.2.1 MARKET SIZE ESTIMATION: BOTTOM-UP APPROACH 52
2.2.2 MARKET SIZE ESTIMATION: TOP-DOWN APPROACH 53
2.3 DATA TRIANGULATION 56
2.4 GROWTH RATE FORECAST 57
2.5 ASSUMPTIONS 57
2.6 LIMITATIONS AND ASSOCIATED RISKS 58
2.7 RECESSION IMPACT ANALYSIS 58
2.7.1 IMPACT OF RECESSION ON TEXTILE YARN MARKET 59
- 2.7.1.1 Macro indicators of recession 59
3 EXECUTIVE SUMMARY 61
4 PREMIUM INSIGHTS 66
4.1 ATTRACTIVE OPPORTUNITIES FOR COMPANIES IN TEXTILE YARN MARKET 66
4.2 TEXTILE YARN MARKET IN ASIA PACIFIC, BY SOURCE AND COUNTRY, 2022 67
4.3 TEXTILE YARN MARKET, REGIONAL SUBMARKETS 68
4.4 TEXTILE YARN MARKET, BY SOURCE AND REGION, 2023 VS. 2028 69
4.5 TEXTILE YARN MARKET, BY TYPE, 2023 VS. 2028 70
4.6 TEXTILE YARN MARKET, BY APPLICATION, 2023 VS. 2028 70
5 MARKET OVERVIEW 71
5.1 INTRODUCTION 71
5.2 MACROECONOMIC INDICATORS 71
5.2.1 RISING DEMAND FOR SUSTAINABLE AND ECO-FRIENDLY YARNS 71
5.2.2 INCREASING INDUSTRIAL APPLICATIONS 73
5.3 MARKET DYNAMICS 74
5.3.1 DRIVERS 74
- 5.3.1.1 Rising demand for textile yarns in apparel and home textile sectors 74
- 5.3.1.2 Innovations in production process and end-use industries 76
5.3.2 RESTRAINTS 76
- 5.3.2.1 Stringent rules and regulations 76
- 5.3.2.2 Volatility in raw material prices and their availability 77
5.3.3 OPPORTUNITIES 78
- 5.3.3.1 Growing demand for organic yarns 78
- 5.3.3.2 Development of new yarn varieties and blends 79
5.3.4 CHALLENGES 80
- 5.3.4.1 High inventory holding costs 80
- 5.3.4.2 Unfair competition between textile yarn producers in developed and developing economies 80
- 5.3.4.3 Increased competition from lower-cost suppliers due to Trans-Pacific partnership hindering growth 81
6 INDUSTRY TRENDS 82
6.1 INTRODUCTION 82
6.2 VALUE CHAIN ANALYSIS 82
6.2.1 RAW MATERIAL EXTRACTION 82
6.2.2 YARN MANUFACTURING 82
6.2.3 YARN TESTING 83
6.2.4 MARKETING AND DISTRIBUTION 83
6.2.5 END-USE INDUSTRY 83
6.3 SUPPLY CHAIN ANALYSIS 84
6.4 MARKET MAP AND ECOSYSTEM OF TEXTILE YARN MARKET 86
6.4.1 TEXTILE YARN: DEMAND SIDE 86
6.4.2 TEXTILE YARN: SUPPLY SIDE 86
6.4.3 ECOSYSTEM/MARKET MAP 87
6.5 TRENDS/DISRUPTIONS IMPACTING CUSTOMERS’ BUSINESSES 89
6.5.1 REVENUE SHIFT AND NEW REVENUE POCKETS IN TEXTILE YARN MARKET 89
6.6 TECHNOLOGY ANALYSIS 89
6.7 PRICING ANALYSIS 90
6.7.1 TEXTILE YARN: AVERAGE SELLING PRICE ANALYSIS 90
6.7.2 TEXTILE YARN MARKET: AVERAGE SELLING PRICE OFFERED BY KEY PLAYERS, BY SOURCE 91
6.7.3 TEXTILE YARN: AVERAGE SELLING PRICE, BY SOURCE 91
6.8 PATENT ANALYSIS 94
6.9 TRADE ANALYSIS 111
6.9.1 IMPORT SCENARIO 111
6.9.2 EXPORT SCENARIO 113
6.10 PORTER’S FIVE FORCES ANALYSIS 114
6.10.1 THREAT OF NEW ENTRANTS 114
6.10.2 THREAT OF SUBSTITUTES 115
6.10.3 BARGAINING POWER OF SUPPLIERS 115
6.10.4 BARGAINING POWER OF BUYERS 116
6.10.5 INTENSITY OF COMPETITIVE RIVALRY 116
6.11 KEY STAKEHOLDERS AND BUYING CRITERIA 117
6.11.1 KEY STAKEHOLDERS IN BUYING PROCESS 117
6.11.2 BUYING CRITERIA 118
6.12 TARIFF AND REGULATORY LANDSCAPE 119
6.12.1 REGULATORY BODIES, GOVERNMENT AGENCIES, AND OTHER ORGANIZATIONS 119
6.12.2 REGULATORY FRAMEWORK 124
- 6.12.2.1 US 124
- 6.12.2.1.1 Declaration of misbranding and false advertising unlawful 124
- 6.12.2.1.2 Misbranded and falsely advertised textile fiber products 125
- 6.12.2.1.3 Removal of stamp, tag, label, or other identification 126
- 6.12.2.2 Canada 126
- 6.12.2.2.1 Canada Border Services Agency 126
- 6.12.2.1 US 124
6.12.3 EUROPE 127
- 6.12.3.1 Regulation on consumer products in EU by REACH 127
- 6.12.3.2 Regulatory framework by EU 128
6.12.4 INDIA 129
- 6.12.4.1 Raw Material Supply Scheme (RMSS) by Ministry of Textiles 129
6.13 CASE STUDIES 130
6.14 KEY CONFERENCES & EVENTS, 2023-2024 131
7 TEXTILE YARN MARKET, BY APPLICATION 133
7.1 INTRODUCTION 134
7.2 APPAREL 136
7.2.1 INCREASING POPULATION AND NEED FOR ECO-FRIENDLY APPAREL TO DRIVE MARKET 136
7.3 HOME TEXTILE 138
7.3.1 DEMAND FOR COMFORT AND AESTHETIC APPEAL TO PROPEL MARKET 138
7.4 INDUSTRIAL 140
7.4.1 NEED FOR HIGH-TENACITY, HIGH HEAT RESISTANCE, AND VERSATILITY TO DRIVE DEMAND FOR TEXTILE YARN 140
7.5 OTHER APPLICATIONS 142
8 TEXTILE YARN MARKET, BY TYPE 144
8.1 INTRODUCTION 145
8.2 NATURAL YARN 147
8.2.1 RISING DEMAND FOR ECO-FRIENDLY YARNS AND AWARENESS REGARDING LOW WASTAGE TO DRIVE MARKET 147
8.2.2 ANIMAL YARN 149
- 8.2.2.1 Need for enhanced softness, breathability, durability, and ease of dyeing to propel market 149
- 8.2.2.2 Silk yarn 150
- 8.2.2.2.1 Need for luxurious and high-end fabrics to drive demand for silk 150
- 8.2.2.3 Wool yarn 150
- 8.2.2.3.1 Changing weather patterns and increasing demand for better insulation, resilience, and elasticity to drive market 150
8.2.3 PLANT YARN 151
- 8.2.3.1 Need for moisture-absorbent textiles to increase demand for plant yarn 151
- 8.2.3.2 Cotton yarn 151
- 8.2.3.2.1 Need for flexibility, durability, resistance to abrasions, and ability to retain dyes to propel market 151
- 8.2.3.3 Flax yarn 152
- 8.2.3.3.1 Need for aesthetic appeal, tensile strength, stain resistance, heat resistance, and abrasion resistance to boost market 152
- 8.2.3.4 Hemp yarn 152
- 8.2.3.4.1 Ability to conduct heat, easy dyeing, and blocking ultraviolet light to drive market 152
- 8.2.3.5 Jute yarn 153
- 8.2.3.5.1 Tensile strength, durability, moisture resistance, low thermal conductivity, and biodegradability to boost market 153
- 8.2.3.6 Ramie yarn 153
- 8.2.3.6.1 Ability to resist stains, high absorbency, sustainability, and environment-sensitivity to drive market 153
8.3 ARTIFICIAL YARN 154
8.3.1 ABILITY TO REPEL MOISTURE AND PRICE AFFORDABILITY TO DRIVE DEMAND FOR ARTIFICIAL YARN 154
8.3.2 POLYESTER 156
- 8.3.2.1 High strength, durability, color retention, and resistance to wrinkling, stretching, and shrinking to propel market 156
8.3.3 NYLON 156
- 8.3.3.1 Need for adaptability, high performance, lightweight texture, high strength, and low absorbency to propel market 156
8.3.4 ACRYLIC 157
- 8.3.4.1 Ability to decompose without melting and dissolve in solvent to boost demand 157
8.3.5 VISCOSE 157
- 8.3.5.1 Cotton-like properties, cost-effectiveness, and easy availability to drive market 157
8.4 OTHER TYPES 158
9 TEXTILE YARN MARKET, BY SOURCE 160
9.1 INTRODUCTION 161
9.2 CHEMICAL SOURCE 163
9.2.1 NEED FOR STRENGTH, DURABILITY, AND ELASTICITY AND SIGNIFICANT ENVIRONMENTAL BENEFITS TO DRIVE MARKET 163
9.3 PLANT SOURCE 165
9.3.1 RISING DEMAND FOR ORGANIC YARNS FOR ITS SOFTNESS, BREATHABILITY, AND VERSATILITY TO DRIVE MARKET 165
9.4 ANIMAL SOURCE 167
9.4.1 NEED FOR HIGHLY RESILIENT YARNS TO PROPEL MARKET 167
9.5 OTHER SOURCES 168
10 TEXTILE YARN MARKET, BY REGION 171
10.1 INTRODUCTION 172
10.2 NORTH AMERICA 172
10.2.1 NORTH AMERICA: RECESSION IMPACT ANALYSIS 172
10.2.2 US 178
- 10.2.2.1 High-tech innovation and enhanced research and development to boost market 178
10.2.3 CANADA 184
- 10.2.3.1 Need for sustainable and eco-friendly yarns to drive market 184
10.2.4 MEXICO 188
- 10.2.4.1 Rising focus on producing yarns from recycled materials to boost market 188
10.3 EUROPE 192
10.3.1 EUROPE: RECESSION IMPACT ANALYSIS 193
10.3.2 TURKEY 199
- 10.3.2.1 Expertise in textile production and substantial investments to modernize textile manufacturing to boost market 199
10.3.3 UK 203
- 10.3.3.1 Focus on development of high-quality and innovative yarns to drive market 203
10.3.4 GERMANY 207
- 10.3.4.1 Flexibility in innovation and manufacturing in textile industry to boost market 207
10.3.5 FRANCE 211
- 10.3.5.1 Focus on high-quality and luxury textile to propel market 211
10.3.6 ITALY 215
- 10.3.6.1 Need for high-quality yarns and emphasis on fashion industry to boost market 215
10.3.7 ROMANIA 219
- 10.3.7.1 Strong textile manufacturing activities to drive market 219
10.3.8 REST OF EUROPE 223
10.4 ASIA PACIFIC 227
10.4.1 ASIA PACIFIC: RECESSION IMPACT ANALYSIS 228
10.4.2 CHINA 234
- 10.4.2.1 Availability of natural resources and advanced infrastructure to drive market 234
10.4.3 INDIA 238
- 10.4.3.1 Strong raw material production base, cheap labor, good export potential, and low import content to fuel market 238
10.4.4 PAKISTAN 242
- 10.4.4.1 High-quality cotton production, favorable climatic conditions, fertile land, and skilled labor force to propel market 242
10.4.5 AUSTRALIA 246
- 10.4.5.1 Focus on premium wool production, innovative design culture, and government support to boost market 246
10.4.6 BANGLADESH 250
- 10.4.6.1 Extensive cultivation of jute and focus on sustainability and compliance standards to drive market 250
10.4.7 REST OF ASIA PACIFIC 253
10.5 ROW 257
10.5.1 ROW: RECESSION IMPACT ANALYSIS 257
10.5.2 SOUTH AMERICA 264
- 10.5.2.1 Availability of raw materials, diverse consumer market, and government support to propel market 264
10.5.3 MIDDLE EAST & AFRICA 268
- 10.5.3.1 Growing textile industry and focus on reducing import dependency to drive market 268
11 COMPETITIVE LANDSCAPE 273
11.1 OVERVIEW 273
11.2 MARKET SHARE ANALYSIS, 2021 273
11.3 SEGMENTAL REVENUE ANALYSIS OF KEY PLAYERS, 2018-2022 274
11.4 KEY PLAYERS’ ANNUAL REVENUE VS GROWTH 275
11.5 KEY PLAYERS IN EBITDA 276
11.6 STRATEGIES ADOPTED BY KEY PLAYERS 276
11.7 GLOBAL SNAPSHOT OF KEY MARKET PARTICIPANTS 277
11.8 COMPANY EVALUATION QUADRANT (KEY PLAYERS) 277
11.8.1 STARS 277
11.8.2 EMERGING LEADERS 278
11.8.3 PERVASIVE PLAYERS 278
11.8.4 PARTICIPANTS 278
11.9 PRODUCT FOOTPRINT 280
11.10 EVALUATION QUADRANT FOR STARTUPS/SMES, 2021 284
11.10.1 PROGRESSIVE COMPANIES 284
11.10.2 RESPONSIVE COMPANIES 284
11.10.3 DYNAMIC COMPANIES 284
11.11 COMPETITIVE BENCHMARKING OF KEY STARTUPS/SMES 286
11.12 COMPETITIVE SCENARIO 287
11.12.1 PRODUCT LAUNCHES 287
11.12.2 DEALS 287
11.12.3 OTHERS 289
12 COMPANY PROFILES 291
12.1 KEY PLAYERS 291
12.1.1 CELANESE CORPORATION 291
12.1.2 ASAHI KASEI CORPORATION 297
12.1.3 TORAY INDUSTRIES, INC 302
12.1.4 THAIRAYON.COM 306
12.1.5 FORMOSA TAFFETA CO., LTD 308
12.1.6 KURARAY CO., LTD 311
12.1.7 PARKDALE 314
12.1.8 VARDHMAN TEXTILES LIMITED 316
12.1.9 HUVIS 319
12.1.10 HENGLI GROUP CO., LTD 323
12.1.11 RAYMOND 326
12.1.12 WEIQIAO TEXTILE COMPANY LIMITED 329
12.1.13 KIPAS HOLDING 331
12.1.14 ARVIND ADVANCED MATERIALS 335
12.1.15 MASOOD TEXTILE MILLS LTD 338
12.1.16 INDORAMA VENTURES PUBLIC COMPANY LIMITED 339
12.1.17 GRASIM INDUSTRIES LIMITED 342
12.1.18 BONAR YARNS SC008924 345
12.1.19 CANAN TEXTILE DESIGN BY MEDYAMIM 345
12.1.20 BIRKO 346
13 ADJACENT & RELATED MARKETS 347
13.1 INTRODUCTION 347
13.2 LIMITATIONS 347
13.3 ECO FIBERS MARKET 347
13.3.1 MARKET DEFINITION 347
13.3.2 MARKET OVERVIEW 348
13.3.3 ECO-FIBERS MARKET, BY TYPE 348
- 13.3.3.1 INTRODUCTION 348
13.4 TECHNICAL TEXTILE MARKET 349
13.4.1 MARKET DEFINITION 349
13.4.2 MARKET OVERVIEW 349
13.4.3 TECHNICAL TEXTILE MARKET, BY MATERIAL 350
- 13.4.3.1 INTRODUCTION 350
13.4.4 TECHNICAL TEXTILE MARKET, BY REGION 351
- 13.4.4.1 Introduction 351
14 APPENDIX 352
14.1 DISCUSSION GUIDE 352
14.2 KNOWLEDGESTORE: MARKETSANDMARKETS’ SUBSCRIPTION PORTAL 357
14.3 CUSTOMIZATION OPTIONS 359
14.4 RELATED REPORTS 359
14.5 AUTHOR DETAILS 360