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Textile Yarn Market by Source, Type, Application, & by Region - Global Forecasts to 2020

Textile Yarn Market: Global Forecasts until 2020

  • February 2016
  • 175 pages
  • ID: 3670105
In this report:
According to Novosti news agency, the government has been focusing on the need to increase the share of local goods in the country's domestic textile market to ##%, from a share of less than ##% in 2014.
According to WTO, in 2013, China alone accounted for ##.##% of world textile exports and ##.##% of world clothing exports.
The global demand for textile yarn, in terms of volume, was ##.## million tons in 2015 and is projected to reach ##.## million tons by 2020, at a CAGR of ##.##% from 2015.

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"Textile yarn market forecasted to grow at a CAGR (Compound annual growth rate) of 4.20 percent"

The textile yarn market, estimated at ~$10.3B in 2015, is expected to rise at a compound annual growth rate (CAGR) of 4.20 percent to reach ~$12.6B by 2020. The industry is influenced by Elements such as demand for high value fabrics, consumer consciousness, and modernizations leading to novel varieties. The huge growth potential in emerging sectors and untapped areas offer recent growth opportunities for market actors.

"Chemical source textile yarn recorded for the largest portion of market share in 2014"

Among the sources of textile yarn-which include animal, plant, and chemical-chemical source yarn recorded for the largest part of market share, succeeded by plant. The chemical source segment includes polyester, nylon, viscose, and acrylic textile yarn and holds the biggest market share in the overall textile yarn market. The other sources segment is expected to grow at the more significant Compound annual growth rate due to the demand for blended yarn.

"Polyester leads the sector with the biggest share"

On the basis of class, the textile yarn market is led by the polyester segment, succeeded by cotton. Viscose is the quickest increasing yarn across the world and has found its application in apparel industry in various places as a substitute for polyester. Silk is the quickest-increasing natural yarn segment of textile yarn market, particularly in developing Asian economies due to the extensive fabric production in these countries.

"China (CN): The future of the textile yarn market"

China (CN) is focusing on increased usage of advanced technologies and newer products for textile yarn. Also the awareness among the consumers is growing in the area; therefore the demand for water, stain, and fire-resistant products requires specialized product improvement. With greater applicability of textile yarn and focus on achieving greater profits, different textile manufacturers are willing to spend on innovative blended textile yarn varieties that combine properties of natural and artificial yarn.

Turkey (TR) was the biggest country-level market for textile yarn in Europe (EU), and is expected to grow at the highest compound annual growth rate (CAGR), in terms of quantity.

Break-up of Primaries:

- By Company category: Tier 1 - 50 %, Tier 2 - 30.0 percent, and Tier 3 - 20.0 percent

- By Description: C-suite - 28.0 percent, D-level - 22.0 percent, Others - 50.0 percent

- By area: North america (NA) - 40.0 percent, Europe - 20.0 percent, Asia-Pacific - 30.0 percent, RoW - 10.0 percent

Leading players including Parkdale Mills Incorporated, Vardhman Textiles Ltd., Weiqiao Textile Company Ltd, Huvis Corporation, and Grasim Industries Ltd have been described in the market research. The other actors contain Raymond Ltd., Kairuide Holding Co. Ltd, Low & Bonar Plc, Birle?

Why acquiring this study can help you:

- To get a comprehensive overview of the overall textile yarn market

- To benefit wide ranging information about the top actors in this market, their products review, and top strategies approved by them

- To benefit business insights about the main countries/localities in which the textile yarn market is prospering

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