As per the latest report published by Reportbuyer, which provides all market research reports from top publishers, the global textile yarn market is expected to grow at a CAGR of 4.2 per cent to reach US $ 12.64 billion by 2020.
The report underlines that Polyester segment leads the textile yarn market with the largest chunk, followed by cotton. Polyester fabrics are highly stain-resistant, which make it really popular among the manufacturers as well as consumers. Polyester fibres are sometimes even spun together with natural fibres to produce a cloth with blended properties.
Besides this, the report highlights that while Viscose is the fastest growing yarn in the global textile market and is emerging as a substitute for polyester, Silk is reigning the natural yarn segment.
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According to the analysis, China would remain the key textile yarn market as the country is stressing on wide usage of advanced technologies and newer products for textile yarn. With greater applicability of textile yarn, various textile manufacturers in the region are aiming to invest in innovative blended textile yarn varieties that combine properties of natural and artificial yarns.
Factors like surging demand for high-value fabrics, consumer awareness, and textile innovations will drive growth in the textile yarn market in the near future.
