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$74.7 Billion in Global Yarn, Fiber and Yarn Industry to 2030 – Identifying Growth Segments for Investment –

DUBLIN–(BUSINESS WIRE)–The report “Global yarn, fiber and yarn market opportunities and strategies to 2030, by type, coating” has been added to from offer.

This report provides strategists; marketers and senior management with the critical information they need to assess the global yarn, fiber and yarn market as it emerges from the COVID 19 lockdown.

The global yarn, fiber and yarn market reached a value of nearly $74,728.9 million in 2020, after declining at a compound annual growth rate (CAGR) of -3.0% since 2015 The market is expected to grow from $74,728.9 billion in 2020 to $142,714.8 million. in 2025 at a rate of 13.8%. The market is expected to grow at a CAGR of 6.0% from 2025 and to reach $191,114.7 million in 2030.

Companies cited

  • Sinopec Group

  • Toray Industries Inc.

  • Trust Industries

  • Alpek

  • New Century Far East

  • Lenzing AG

  • Indorama Company

  • teijin limited

  • Eastman Chemical Company

  • Du Pont

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  • Identify growth segments for investment.

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The historical period growth factors include the growth of emerging markets, urbanization, increased demand for synthetic fibers and government initiatives for the textile industry. Factors that have hurt growth over the historical period have been rising costs, oil price volatility, counterfeit products and health risks.

Looking ahead, global population growth and urbanization, increasing e-commerce, increasing demand for sportswear, increasing penetration of organized retail in developing economies, and increasing penetration of social media should drive the market. Reduced free trade, intense competition, implications of COVID-19 and shortage of cotton are major factors that may hinder the growth of the yarn, fiber and yarn market in the future.

Yarns, fibers and yarns market is segmented by type into regular yarns, fibers and yarns and specialty yarns, fibers and yarns. The regular yarn, fiber and yarn market was the largest segment of the yarn, fiber and yarn market segmented by type, accounting for 92.3% of the total in 2020. Going forward, the specialty yarn, fiber and yarn market is expected to be the fastest growing segment in the yarn, fiber and yarn market segmented by type growing at a CAGR of 14.7% during the period 2020-2025.

Asia-Pacific was the largest region in the yarn, fiber and yarn market, accounting for 71.5% of the total in 2020. It was followed by North America followed by other regions. Going forward, the fastest growing regions in the yarn, fiber and yarn market will be South America and the Middle East, where growth will be at CAGRs of 20.7% and 18.4% respectively. This is followed by Africa and Asia-Pacific, where the markets are expected to grow at CAGRs of 14.2 and 13.5% respectively.

The yarn, fiber and yarn market is highly fragmented, with a large number of small players dominating the market. The top ten competitors in the market accounted for 39.29% of the total market in 2020. Market fragmentation can be attributed to local players who have a large number of domestic manufacturing facilities and are present throughout the supply chain. ‘supply. Going forward, the market is expected to witness further expansion as large companies try to expand their presence in other low-cost economies to take advantage of low-cost labor and lower commodity prices. Dear.

The major opportunities in the yarn, fiber and yarn market segmented by type will be in the regular yarn, fiber and yarn segment, which will earn $62,345.9 million in global annual sales by 2025. Yarn, Fiber and Yarn Market size will gain the most in India at USD 27,273.9 million.

Market trend based strategies for yarn, fiber and yarn market include development of fibers and yarns derived from biodegradable and sustainable materials, implementation of digital platforms in operational chain to reduce supply chain mistakes, invest in sustainable manufacturing technologies, adopt IOT technology to improve the manufacturing process and invest in new projects through R&D activities and partnerships.

Strategies adopted by players in the Yarn, Fiber and Yarn market include strengthening the product portfolio by launching new products, expanding manufacturing capabilities, expanding fiber business by opening a new manufacturing plant, the reinforcement of the polyester activity by enlarging its production plant and the reinforcement of the synthetic fiber activity by investing in new factories.

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