Global Textile Yarn Market Outlook
Revenue, 2024
Forecast, 2034
CAGR, 2024 - 2034
Textile yarn infuses innovation and creativity into fabric creation by weaving threads together to breathe life into a plethora of clothing styles and designs catered to meet the diverse preferences of consumers.
Market Key Insights
- The Textile Yarn market is projected to grow from $15.1 billion in 2024 to $25.3 billion in 2034. This represents a CAGR of 5.3%, reflecting rising demand across Fashion and Apparel, ial Textiles and Home Furnishings.
- W.E. Rawson Limited, Toray Industries Inc, Parkdale Mills Incorporated are among the leading players in this market, shaping its competitive landscape.
- China and India are the top markets within the Textile Yarn market and are expected to observe the growth CAGR of 3.4% to 5.1% between 2024 and 2030.
- Emerging markets including Vietnam, Bangladesh and Ethiopia are expected to observe highest growth with CAGR ranging between 6.1% to 7.3%.
- Transition like Sustainable Production Surge is expected to add $1.5 billion to the Textile Yarn market growth by 2030
- The Textile Yarn market is set to add $10.2 billion between 2024 and 2034, with manufacturer targeting Wool & Polyester Type of Yarn projected to gain a larger market share.
- With Technological advancements in textile manufacturing, and Sustainability shifts in textile industry, Textile Yarn market to expand 68% between 2024 and 2034.
Opportunities in the Textile Yarn
The emergence of technologies brings new innovations to the textile yarn sector. The creation of yarn incorporating electronics or sensors has the potential to revolutionize fields, like athletic apparel and healthcare monitoring.
Growth Opportunities in Asia-Pacific and Europe
Asia-Pacific Outlook
Europe Outlook
Market Dynamics and Supply Chain
Driver: Technological Advancements in Textile Manufacturing, and Growth in Home Decor Applications
The increasing focus placed upon sustainability practices is also having an impacton the textile yarn market. Eco conscious producers are also increasingly choosing to utilize friendly materials and streamlined methods to minimize ecological damage in response to the growing demand, for sustainable goods.
Restraint: Fluctuating Raw Material Prices
Opportunity: Sustainable Yarn Production and 3D Printing and Yarn
The advancement of 3 printing is creating exciting opportunities within the textile sector by potentially transforming the production and utilization of textile fibers for a variety of purposes such, as personalized textile manufacturing and innovative designs.
Challenge: Environmental Concerns and Regulations
Supply Chain Landscape
Cotton Australia Ltd
Wool Connect
Parkdale Mills
Indorama Ventures
DyStar
Huntsman Textile Effects
Gul Ahmed
Arvind Ltd
Cotton Australia Ltd
Wool Connect
Parkdale Mills
Indorama Ventures
DyStar
Huntsman Textile Effects
Gul Ahmed
Arvind Ltd