According to the recent study the spun yarn market is projected to reach an estimated $106 billion by 2030 from $87 billion in 2023, at a CAGR of 3% from 2023 to 2030. Growth in this market is primarily driven by growth are changes in fashion trends and consumer preferences and increasing demand for fabrics in the automotive, healthcare, and industrial applications.
Browse 28 figures/charts
and 27 tables in this 71-page report to understand trends, opportunities and
forecast in spun yarn market by application (clothing, and industrial), yarn
type (cotton, polyester, cellulosic, and others), and region (North America,
Europe, Asia Pacific, and the Rest of the World).
Download sample by clicking on
spun yarn market.
Lucintel forecasts that
clothing segment will remain the largest application by value and volume during
the forecast period due to changes in fashion trends and growing consumer
preferences for soft and comfortable clothing. Industrial segment is expected
to witness highest growth over the forecast period due to increasing demand in
the automotive upholstery like air bags and seat belts owing to its good
abrasion resistance, high uv resistance, and high stiffness properties.
Cotton spun yarn will
remain the largest segment due to its increasing usage in a wide variety of
applications owing to high strength, softness comfortableness and breathable
fabric properties. Polyester yarn type is expected to witness the highest
growth over the forecast period due to its wrinkle resistance, durability and
less fade properties.
Asia Pacific is expected
to remain the largest market and it is also expected to witness the highest
growth over the forecast period due to the increasing growth of ring-spun,
open-end and vortex-spun technology of spun yarns in China.
Indorama Ventures, Far
Eastern New Century, Parkdale Mills, Shuford Yarns, Hyosung Advanced Material,
Bitratex, Thai Polyester Co. Ltd., Aarti International, and Hubei Yuanying
Industry & Trade Co., Ltd. are the
major suppliers in the spun yarn providers.
This unique research
report will enable you to make confident business decisions in this globally
competitive marketplace. For a detailed table of contents, contact Lucintel at
+1-972-636-5056 or write us at helpdesk@lucintel.com.
About Lucintel
At Lucintel, we offer solutions for
you growth through game changer ideas and robust market &
unmet needs analysis. We are based in
Dallas, TX and have been a trusted advisor for 1,000+ clients for over 20
years. We are quoted in several publications like the Wall Street Journal,
ZACKS, and the Financial Times.
Contact:
Roy Almaguer
Lucintel
Dallas, Texas, USA
Email: roy.almaguer@lucintel.com
Tel. +1 972.636.5056
Explore Our Latest Publications
Antenna, Transducer, and Radome Market in Canada
Automotive Drivetrain Market in Canada
Automotive Navigation System Market in Canada
Bike and Scooter Rental Market in Canada
No comments:
Post a Comment