Lucintel Forecasts the Global Spun Yarn Market to Reach $106 Billion by 2030
Lucintel Forecasts the Global Spun Yarn Market to Reach $106 Billion by 2030
Blog Article
According to the recent study the global 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 107 figures/charts and 68 tables in this 105-page report to understand trends, opportunities and forecast in global 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).
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 [email protected].
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Contact:
Roy Almaguer
Lucintel
Dallas, Texas, USA
Email: [email protected]
Tel. +1 972.636.5056