The global Textile Yarn market was valued at USD 10.68 billion in 2016 and is projected to reach USD 15.20 billion by 2025, growing at a CAGR of 4.00% from 2017 to 2025.
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Textile is one of the basic needs of human population. Textile industry is witnessing huge demands in Asia Pacific regions due to population explosion. The adoption of new trends globally and introduction of new fabrics are some of the major factors driving demand for textile yarns.
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1. Market Drivers
1.1 Growing demand from end-use applications
1.2 Process improvements in the textile industry
2. Market Restraints
2.1 Stringent regulations
2.2 Volatility of raw materials
The global Textile Yarnmarket is segmented on the source, type, application, and region.
1. By Source:
2. By Type:
3. By Application:
3.3 Home Textile
4. By Region:
4.1 North America (U.S., Canada, Mexico)
4.2 Europe (Germany, UK, France, Rest of Europe)
4.3 Asia Pacific (China, India, Japan, Rest of Asia Pacific)
4.4 Latin America (Brazil, Argentina, Rest of Latin America)
4.5 Middle East & Africa
The major players in the market are as follows:
1. Parkdale Mills Incorporated
2. Hengli Group
3. Vardhman Textiles Limited
4. BirleþikKoyunlulularMensucat TIC. VE SAN. A.Þ.
5. Huvis Corporation
6. Low and Bonar PLC
7. Grasim Industries Limited
8. Kairuide Holding Co. Ltd.
9. Weiqiao Textile Company Limited
10. Raymond Limited
These major players have adopted various organic as well as inorganic growth strategies such as mergers & acquisitions, new product launches, expansions, agreements, joint ventures, partnerships, and others to strengthen their position in this market.
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RESEARCH METHODOLOGY OF VERIFIED MARKET RESEARCH:
Research study on the Textile Yarn Marketwas performed in five phases which include Secondary research, Primary research, subject matter expert advice, quality check and final review.
The market data was analyzed and forecasted using market statistical and coherent models. Also market shares and key trends were taken into consideration while making the report. Apart from this, other data models include Vendor Positioning Grid, Market Time Line Analysis, Market Overview and Guide, Company Positioning Grid, Company Market Share Analysis, Standards of Measurement, Top to Bottom Analysis and Vendor Share Analysis.
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