Textile Yarn Market Size (2023 – 2030)

The Global Textile Yarn Market was valued at USD 15.36 billion and is projected to reach a market size of USD 23.51 billion by the end of 2030. Over the forecast period of 2024-2030, the market is projected to grow at a CAGR of 6.27%. 

Textile yarn refers to a length of intertwined fibers that are commonly employed in the production of textiles. It can be derived from either synthetic sources. Natural textile yarns, like cotton, silk, and wool originate from plants or animals while artificial textile yarns such as polyester, viscose, nylon, and acrylic are created using chemical substances. The textile industry predominantly relies on these yarns for the fabrication of products such, as clothing, home textiles, medical supplies, and sports equipment. The textile yarn market worldwide is experiencing growth due, to a rising demand for appearance and home textiles. Furthermore, the market is being fueled by advancements in fibers that offer resistance to fire, stains, and water well as government support for the textile industry and increased international trade in textiles. Additionally, market players are adopting strategies such, as acquisitions, mergers, collaborations, and product launches.

The textile yarn industry has seen growth. With the increasing demand for textiles and their various applications, there has been a rise in the production and consumption of yarns. This surge in demand for textile products as the increased purchasing power directly contributes to the growing need, for textile yarns.

Furthermore, the textile industry's strong emphasis, on sustainability and friendly practices has resulted in the creation of yarns made from fibers and organic materials. The textile yarn market is highly competitive and constantly evolving with players striving to meet the increasing demands of the industry while maintaining their market dominance. As emerging markets continue to experience urbanization and economic growth the textile yarn market is expected to expand and play a vital role, in the global textile sector.

Key Market Insights:

Based on the data, from OECD it is projected that Asia will account for 42% of the middle class consumer spending by 2020. This percentage is expected to increase to around 50% by the year 2030. As a result of this growth in the middle-class population and their increased purchasing power individuals will have income at their disposal. Consequently, they will be able to allocate a portion of their income, towards purchasing types of products including textiles and clothing.

In June 2017 Scholler Textil AG and the Lubrizol Corporation joined forces to create fabrics that provide compression, wearer comfort, and fabric elongation.

Furthermore, in October 2015 DyStar and its partner firms introduced a type of viscose melange yarn called Danufil Pro shade, to the market.

Textile Yarn Market Drivers:

The growing global population propels the textile yarn market forward.

The market, for textile yarn has experienced growth in the years due to several factors. One of the drivers is the increasing focus on sustainability and eco-friendliness within the textile industry. More, the growing global population and evolving fashion trends contribute to the rising demand for textiles thereby fueling the need for textile yarns. As the world's population continues to expand there is a consumer base requiring clothing, home textiles, and other fabric-based products. Consequently, this surge, in demand necessitates an increased production of textile yarns to cater to these growing needs and produce the fabrics and materials.

Expansion of the Global Textile Industry is fueling market growth for textile yarns.

The Textile Yarn Market is experiencing a boost due, to the textile industry growth, driven by factors such as population increase, urbanization, and higher disposable incomes. Developing countries in particular are witnessing a surge in textile demand for applications like clothing, home furnishings, and industrial purposes. This increased production creates a need for top-notch yarns. As the industry expands to cater to the growing consumer base there will be a rise in the demand for textile yarns presenting opportunities, for yarn manufacturers.

Textile Yarn Market Restraints and Challenges:

The Textile Yarn Market's growth is being hampered by its reliance on raw material supply.

While there are benefits, to the Textile Yam market it is essential to consider drawbacks as well. Manufacturers have a concern regarding the availability and costs of materials, particularly natural fibers. Various factors like weather conditions, geopolitical events, and changing trade policies can influence these factors leading to impacts on the supply chain and constraints on production. The textile yarn market relies heavily on the accessibility of materials such, as fibers (cotton, wool, silk, linen) and synthetic fibers (polyester, nylon, acrylic). The availability, quality, and pricing of these materials directly affect both manufacturing processes and yarn prices.

Textile Yarn Market Opportunities:

Opportunities exist in the expanding textile yarn market due to innovation in yarn development and technical improvements.

The market, for Textile Yarn provides a chance for companies to explore product development and innovations in yarn manufacturing. As the market continues to expand and reach regions it becomes crucial for businesses to differentiate themselves from competitors. Manufacturers have opportunities to create yarns with improved characteristics, like stretchability moisture-wicking, and antibacterial properties. This will help meet the changing demands of consumers and various industries. Furthermore, as the Textile Yarn market expands into geographies companies can tailor their products to suit the preferences and needs of consumers in those regions. This market offers a prospect for companies to develop innovative products that align with the evolving preferences and requirements of consumers.

TEXTILE YARN MARKET REPORT COVERAGE:

Textile Yarn Market Segmentation: By Source

• Chemical

• Plant

• Animal

• Other Sources

In 2022, based on the Source, the Chemical segment accounted for the largest revenue share by almost 65% and has led the market. Plant-based materials are experiencing growth with a projected compound annual growth rate (CAGR) of 7.2%, from 2022 to 2030. Chemical yarns on the other hand are derived from fibers like polyester, nylon, and acrylic. These synthetic yarns find use in industries related to clothing and home decoration due to their durability, wrinkle resistance, and easy maintenance. In contrast, plant-derived yarns are made from fibers such, as cotton, linen, and bamboo. Their popularity is steadily rising thanks to their environmentally friendly characteristics. Plant yarns have applications ranging from clothing and home furnishings to products.

The rise of the plant yarn industry can be attributed to the growing desire, for products that are sustainable and environmentally friendly. Plant-based yarns have also become popular because of their feel and ability to allow airflow.

Textile Yarn Market Segmentation: By Type

• Artificial

  • Polyester

  • Nylon

  • Acrylic

  • Viscose

• Natural

  • Plant Yarn

  • Cotton

  • Ramie

  • Flax

  • Jute

  • Hemp

• Animal Yarn

  • Wool

  • Silk

• Others

In 2022, based on the type, the artificial segment accounted for the largest revenue share by almost 62.3% and has led the market. The textile industry is seeing a rise, in the popularity of yarn, which is projected to grow at a compound annual growth rate of 6.7% from 2022 to 2030. On the other hand, artificial yarns, made from fibers like polyester, nylon, and acrylic are widely utilized in clothing and home decor industries because of their durability, wrinkle resistance, and easy maintenance. In contrast, natural yarns are crafted from materials such as cotton, linen, and bamboo. Their sustainable and eco-friendly characteristics have led to an increasing demand for yarns in applications including apparel manufacturing, home furnishings as well and industrial products. The surge in popularity for yarn can be attributed to the growing need, for products that offer both softness and breathability.

Textile Yarn Market Segmentation: By Application

• Apparel

• Home Textile

• Industrial

• Other Applications

In 2022, based on the application, the Apparel segment accounted for the largest revenue share by almost 63.5% and has led the market. The industrial sector is experiencing growth with a projected Compound Annual Growth Rate (CAGR) of 6.9%, from 2022 to 2030. When it comes to textile yarn the largest application can be found in apparel manufacturing. This includes a range of clothing items like t-shirts, shirts, pants, dresses, and jackets. In the apparel industry, artificial yarns are highly favored due to their durability, resistance to wrinkles, and ease of care. Although natural yarns are also used in apparel production their usage is relatively limited due, to their cost.

Textiles, for household use, is a field where textile yarn plays a role. Textile yarn finds applications in the production of home textile products like towels, bed sheets, curtains, and carpets. Both synthetic and natural yarns find their place, in the home textile industry.

Textile Yarn Market Segmentation: Regional Analysis

• North America

• Asia-Pacific

• Europe

• South America

• Middle East and Africa

In 2022, the Asia-Pacific region dominated the global medical tourism market with a revenue of 21.4%. The area has a presence of textile producers and consumers. Moreover, the increasing disposable incomes, in this region are anticipated to stimulate the textile industry growth and drive the demand for textile yarn.

North America holds the top position in terms of the fastest market growth for textile yarn and is anticipated to contribute to a revenue share of 17.8% by 2025. This region accommodates textile manufacturers and well-known brands. Furthermore, the high levels of income here are projected to maintain a steady demand, for textile yarn.

COVID-19 Impact Analysis on the Global Textile Yarn Market:

The Global Textile Yarn Market was greatly affected by COVID-19. Lockdowns and disruptions, in the supply chain caused production slowdowns and logistical challenges. Due to decreased consumer spending and the closure of stores, there was a decrease in demand for textile products, which impacted yarn manufacturers. However, the pandemic also accelerated trends such as shopping and a greater emphasis on health and sustainability presenting opportunities for the market. As consumers now prioritize comfort, safety, and sustainability in textiles the market is adapting by producing eco yarns. In the pandemic era, there is an expectation of a resurgence in demand as the textile industry aligns, with evolving consumer preferences.

Latest Trends/ Developments:

The textile yarn industry is changing trends and developments shape the market. One of the leading trends is the growing emphasis, on sustainability and eco yarns as the industry focuses on reducing its impact. This includes the use of recycled fibers as well as the emergence of innovative biodegradable yarns in response to consumer demand for eco-conscious textiles. Additionally, smart textiles have evolved by incorporating technology such as sensors and conductive yarns into fitness wearables and medical garments offering functionality and comfort. The industry has also witnessed an increase in customization options allowing consumers to personalize textiles according to their preferences. Moreover, retail and direct-to-consumer channels have gained popularity in the textile industry revolutionizing how consumers access yarns and textiles. Collaboration between textile manufacturers and technology companies has resulted in innovations like odor-resistant yarns that cater to evolving demands for health and comfort, in textiles. To meet changing consumer preferences across industries the Textile Yarn Market offers a range of innovative and sustainable yarn solutions.

Key Players:

1. Celanese Corporation

2. Asahi Kasel Corporation. 

3. TORAY INDUSTRIES, INC.

4. Indrama Ventures Public Company 

5. KURARAY CO., LTD 

6. PARKDALE 

7. Vardhman Textiles Limited 

8. Huis 

9. Grasm Industries Limited.

10. Raymond 

Huvis, a company based in Korea entered into a business agreement, with Jakomo also located in South Korea in June 2022. The purpose of this collaboration is to contribute to the promotion and adoption of products. As a result of this partnership, Huvis is now able to supply non-substance-free staple fiber products.

In September 2021 Celanese Corporation from the United States introduced a product called Hostaform RF. This innovative low-permeation acetyl copolymer is specifically designed for engine fuel tanks used in transportation and marine applications. It is also suitable, for reservoirs and industrial bulk containers.