The major players in the global Yarn, Fiber and Thread Manufacturing Market include Toray Industries Inc, Indorama Corporation Pte Ltd, Weiqiao Textile Company Limited, Far Eastern New Century and Unifi Inc.
New York, Sept. 23, 2022 (GLOBE NEWSWIRE) — Reportlinker.com announces the release of the 2022 Yarn, Fiber And Thread Manufacturing Global Market Report – https://www.reportlinker.com/p06320382/?utm_source= GNW
The global yarn, fiber and thread manufacturing market is expected to grow from US$100.93 billion in 2021 to US$112.39 billion in 2022 at a compound annual growth rate (CAGR) of 11.3%. The market for the manufacturing of yarns, fibers and threads is expected to grow to US$144.3 billion by 2026 at a compound annual growth rate (CAGR) of 6.4%.
The market for the manufacture of yarn, fiber and thread consists of the sale of yarn, fiber and thread by companies (organizations, sole traders and partnerships) that produce spun yarn from fiber, thread for sewing, crocheting, embroidery and other applications.
The main types of yarn, fiber and thread manufacturing are ordinary yarn, fiber and thread and specialty yarn, fiber and thread. The regular yarn thread is a thread that is mainly used for sewing.
Various applications include quilting, sewing and embroidery, embroidery used by various end users such as apparel, shoes and accessories, interior decoration, etc.
Asia Pacific was the largest region in the Yarn, Fiber & Thread Manufacturing Market in 2021. The regions covered in this Yarn, Fiber & Thread Manufacturing Market Report are Asia Pacific, Western Europe, Eastern Europe, North America & South America, Middle East & Africa.
The growth in the yarn, fiber and filament manufacturing market is attributed to the growth of emerging markets, increasing disposable income and technological development. Disposable income refers to the amount of money that a person or household has to spend or save after income taxes are deducted.
Yarn is a thread used in the manufacture of fabrics and handicrafts. For example, disposable personal income in China increased from CNY43834 in 2021 to CNY47412 in 2020, according to the Bureau of Statistics of China, a China-based government agency.
Hence, the increasing disposable income is driving the growth of the yarn, fiber and filament manufacturing market.
Demand for synthetic fibers is primarily driven by increasing applications of synthetic fibers in the apparel and construction industries. Synthetic fibers offer specific properties such as thermal insulation and low soiling properties that can be modified for a variety of products such as tablecloths, napkins, curtains and carpets.
They are also being used in new applications such as roof insulation and geotextiles for road, wall and embankment stability. Examples of synthetic fibers include nylon, rayon, polyester, polyethylene, polypropylene, and acetate.
The countries covered in Yarn, Fiber and Thread Manufacturing Market are Argentina, Australia, Austria, Belgium, Brazil, Canada, Chile, China, Colombia, Czech Republic, Denmark, Egypt, Finland, France, Germany, Hong Kong, India, Indonesia, Ireland, Israel, Italy, Japan, Malaysia, Mexico, Netherlands, New Zealand, Nigeria, Norway, Peru, Philippines, Poland, Portugal, Romania, Russia, Saudi Arabia, Singapore, South Africa, South Korea, Spain, Sweden, Switzerland, Thailand, Turkey, United Arab Emirates, Great Britain, USA, Venezuela and Vietnam.
Read the full report: https://www.reportlinker.com/p06320382/?utm_source=GNW
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