Market Overview:
The global high stretch yarn market is expected to grow at a CAGR of 5.5% during the forecast period from 2018 to 2030. The growth in the market can be attributed to the increasing demand for high stretch yarn from various applications, such as clothes, pants, socks, and others. Additionally, the growing awareness about fitness and health among consumers is also propelling the demand for high stretch yarn in various end-use industries. Based on type, polyester accounted for a major share of the global high stretch yarn market in 2017. This can be attributed to its properties such as durability and resistance to shrinkage and fading. Nylon is another key type of high stretch yarn that is witnessing significant growth due to its properties such as strength and elasticity. Regionally, North America held a dominant position in the global high stretch yarn market in 2017 owing to factors such as rising demand from apparel manufacturers and increasing consumer spending on clothing products.
Product Definition:
A yarn that stretches easily and has a high degree of elasticity is called a high stretch yarn. This type of yarn is often used in garments that need to fit snugly, such as body suits, socks, and tights. High stretch yarns are also popular among swimsuit manufacturers because they provide extra support and comfort when wet.
Polyester:
Polyester is a synthetic, man-made fiber that has been developed from the polymerization of adipic acid. It differs from cotton in that it has a higher melting point and better dimensional stability. The development of polyester can be attributed to the discovery of nylon; however, unlike nylon, which is only stronger than steel but weaker than silk, polyester is stronger than both steel and silk.
Nylon:
Nylon is a polymer and it's main ingredient is carbon. It has similar properties to rubber but in different quantities. Nylon can stretch up to three times its length without breaking, unlike rubber which can only stretch about two-thirds of its length before it gets damaged or deformed. This makes nylon very useful for making elastic products such as hosiery, sportswear, etc., which have numerous applications in the textile industry.
Application Insights:
The socks application segment accounted for the largest revenue share of over 30% in 2017. The demand is expected to be driven by high usage in athletic socks, especially for basketball and tennis players. Rising participation rates and sports activities at a global level are further anticipated to boost the product demand over the forecast period.
High-stretch fibers have applications other than clothes pants and socks including medical textiles, industrial fabrics, carpets & rugs, etc. However; these applications are currently limited to niche markets as high stretch fiber cannot be manufactured into yarns or fabrics of any meaningful length due to their natural tendency towards irreversibility of degradation (ILD). This factor is likely to restrict market growth over the coming years but will not prevent industry participants from trying new products or processes that may eventually find acceptance among consumers worldwide.
Regional Analysis:
Asia Pacific was the largest market for high stretch yarn in 2016 and is expected to continue its dominance over the forecast period. The region accounts for nearly half of global population and most of the global GDP growth every year. It is also one of the fastest-growing economies, with China being one of the top exporters across various industries including textiles, apparel, footwear and automotive interiors.
China has been witnessing strong economic growth since 2010 on account of a stable government led by President Xi Jinping’s administration along with an increasing number of foreign investments in textile & apparel as well as automotive sectors owing to low labor costs coupled with improving infrastructure facilities within these industries. This trend is projected to continue over next eight years which will benefit industry expansion further.
Growth Factors:
- Increasing demand from the apparel industry for high stretch yarns as they offer a better fit and comfort to the end users.
- Growing popularity of athleisure wear, which requires high stretch yarns for better comfort and performance.
- Rising demand for technical textiles that require high stretch yarns for improved functionality and performance.
- Proliferation of online retail channels, which is aiding in the growth of the global high stretch yarn market by providing a wider platform to reach consumers across different geographies. 5) The increasing use of recycled polyester in manufacturing high stretch yarns is expected to fuel market growth over the forecast period owing to its eco-friendly nature
Scope Of The Report
Report Attributes
Report Details
Report Title
High Stretch Yarn Market Research Report
By Type
Polyester, Nylon
By Application
Clothes Pants, Socks, Other
By Companies
Daenong, Xinfengming Group, Shenghong Holding Group Co., Ltd., Hengli Petrochemical Co, Hengyishihua, McMichael Mills, Fujian Yiming Textile Co.,Ltd, Nanjing Forever Textile Co.,LTD, Shishi Flying Wheel Thread Co., Ltd.
Regions Covered
North America, Europe, APAC, Latin America, MEA
Base Year
2021
Historical Year
2019 to 2020 (Data from 2010 can be provided as per availability)
Forecast Year
2030
Number of Pages
192
Number of Tables & Figures
135
Customization Available
Yes, the report can be customized as per your need.
Global High Stretch Yarn Market Report Segments:
The global High Stretch Yarn market is segmented on the basis of:
Types
Polyester, Nylon
The product segment provides information about the market share of each product and the respective CAGR during the forecast period. It lays out information about the product pricing parameters, trends, and profits that provides in-depth insights of the market. Furthermore, it discusses latest product developments & innovation in the market.
Applications
Clothes Pants, Socks, Other
The application segment fragments various applications of the product and provides information on the market share and growth rate of each application segment. It discusses the potential future applications of the products and driving and restraining factors of each application segment.
Some of the companies that are profiled in this report are:
- Daenong
- Xinfengming Group
- Shenghong Holding Group Co., Ltd.
- Hengli Petrochemical Co
- Hengyishihua
- McMichael Mills
- Fujian Yiming Textile Co.,Ltd
- Nanjing Forever Textile Co.,LTD
- Shishi Flying Wheel Thread Co., Ltd.
Highlights of The High Stretch Yarn Market Report:
- The market structure and projections for the coming years.
- Drivers, restraints, opportunities, and current trends of market.
- Historical data and forecast.
- Estimations for the forecast period 2030.
- Developments and trends in the market.
- By Type:
- Polyester
- Nylon
- By Application:
- Clothes Pants
- Socks
- Other
- Market scenario by region, sub-region, and country.
- Market share of the market players, company profiles, product specifications, SWOT analysis, and competitive landscape.
- Analysis regarding upstream raw materials, downstream demand, and current market dynamics.
- Government Policies, Macro & Micro economic factors are also included in the report.
We have studied the High Stretch Yarn Market in 360 degrees via. both primary & secondary research methodologies. This helped us in building an understanding of the current market dynamics, supply-demand gap, pricing trends, product preferences, consumer patterns & so on. The findings were further validated through primary research with industry experts & opinion leaders across countries. The data is further compiled & validated through various market estimation & data validation methodologies. Further, we also have our in-house data forecasting model to predict market growth up to 2030.
Regional Analysis
- North America
- Europe
- Asia Pacific
- Middle East & Africa
- Latin America
Note: A country of choice can be added in the report at no extra cost. If more than one country needs to be added, the research quote will vary accordingly.
The geographical analysis part of the report provides information about the product sales in terms of volume and revenue in regions. It lays out potential opportunities for the new entrants, emerging players, and major players in the region. The regional analysis is done after considering the socio-economic factors and government regulations of the countries in the regions.
How you may use our products:
- Correctly Positioning New Products
- Market Entry Strategies
- Business Expansion Strategies
- Consumer Insights
- Understanding Competition Scenario
- Product & Brand Management
- Channel & Customer Management
- Identifying Appropriate Advertising Appeals
8 Reasons to Buy This Report
- Includes a Chapter on the Impact of COVID-19 Pandemic On the Market
- Report Prepared After Conducting Interviews with Industry Experts & Top Designates of the Companies in the Market
- Implemented Robust Methodology to Prepare the Report
- Includes Graphs, Statistics, Flowcharts, and Infographics to Save Time
- Industry Growth Insights Provides 24/5 Assistance Regarding the Doubts in the Report
- Provides Information About the Top-winning Strategies Implemented by Industry Players.
- In-depth Insights On the Market Drivers, Restraints, Opportunities, and Threats
- Customization of the Report Available
Frequently Asked Questions?
High stretch yarn is a type of yarn that has a high elasticity. This means that it can stretch a lot, which makes it good for things like clothing and accessories that need to be flexible.
Some of the key players operating in the high stretch yarn market are Daenong, Xinfengming Group, Shenghong Holding Group Co., Ltd., Hengli Petrochemical Co, Hengyishihua, McMichael Mills, Fujian Yiming Textile Co.,Ltd, Nanjing Forever Textile Co.,LTD, Shishi Flying Wheel Thread Co., Ltd..
The high stretch yarn market is expected to grow at a compound annual growth rate of 5.5%.
Chapter 1 Executive Summary
Chapter 2 Assumptions and Acronyms Used
Chapter 3 Research Methodology
Chapter 4 High Stretch Yarn Market Overview
4.1 Introduction
4.1.1 Market Taxonomy
4.1.2 Market Definition
4.1.3 Macro-Economic Factors Impacting the Market Growth
4.2 High Stretch Yarn Market Dynamics
4.2.1 Market Drivers
4.2.2 Market Restraints
4.2.3 Market Opportunity
4.3 High Stretch Yarn Market - Supply Chain Analysis
4.3.1 List of Key Suppliers
4.3.2 List of Key Distributors
4.3.3 List of Key Consumers
4.4 Key Forces Shaping the High Stretch Yarn Market
4.4.1 Bargaining Power of Suppliers
4.4.2 Bargaining Power of Buyers
4.4.3 Threat of Substitution
4.4.4 Threat of New Entrants
4.4.5 Competitive Rivalry
4.5 Global High Stretch Yarn Market Size & Forecast, 2018-2028
4.5.1 High Stretch Yarn Market Size and Y-o-Y Growth
4.5.2 High Stretch Yarn Market Absolute $ Opportunity
Chapter 5 Global High Stretch Yarn Market Analysis and Forecast by Type
5.1 Introduction
5.1.1 Key Market Trends & Growth Opportunities by Type
5.1.2 Basis Point Share (BPS) Analysis by Type
5.1.3 Absolute $ Opportunity Assessment by Type
5.2 High Stretch Yarn Market Size Forecast by Type
5.2.1 Polyester
5.2.2 Nylon
5.3 Market Attractiveness Analysis by Type
Chapter 6 Global High Stretch Yarn Market Analysis and Forecast by Applications
6.1 Introduction
6.1.1 Key Market Trends & Growth Opportunities by Applications
6.1.2 Basis Point Share (BPS) Analysis by Applications
6.1.3 Absolute $ Opportunity Assessment by Applications
6.2 High Stretch Yarn Market Size Forecast by Applications
6.2.1 Clothes Pants
6.2.2 Socks
6.2.3 Other
6.3 Market Attractiveness Analysis by Applications
Chapter 7 Global High Stretch Yarn Market Analysis and Forecast by Region
7.1 Introduction
7.1.1 Key Market Trends & Growth Opportunities by Region
7.1.2 Basis Point Share (BPS) Analysis by Region
7.1.3 Absolute $ Opportunity Assessment by Region
7.2 High Stretch Yarn Market Size Forecast by Region
7.2.1 North America
7.2.2 Europe
7.2.3 Asia Pacific
7.2.4 Latin America
7.2.5 Middle East & Africa (MEA)
7.3 Market Attractiveness Analysis by Region
Chapter 8 Coronavirus Disease (COVID-19) Impact
8.1 Introduction
8.2 Current & Future Impact Analysis
8.3 Economic Impact Analysis
8.4 Government Policies
8.5 Investment Scenario
Chapter 9 North America High Stretch Yarn Analysis and Forecast
9.1 Introduction
9.2 North America High Stretch Yarn Market Size Forecast by Country
9.2.1 U.S.
9.2.2 Canada
9.3 Basis Point Share (BPS) Analysis by Country
9.4 Absolute $ Opportunity Assessment by Country
9.5 Market Attractiveness Analysis by Country
9.6 North America High Stretch Yarn Market Size Forecast by Type
9.6.1 Polyester
9.6.2 Nylon
9.7 Basis Point Share (BPS) Analysis by Type
9.8 Absolute $ Opportunity Assessment by Type
9.9 Market Attractiveness Analysis by Type
9.10 North America High Stretch Yarn Market Size Forecast by Applications
9.10.1 Clothes Pants
9.10.2 Socks
9.10.3 Other
9.11 Basis Point Share (BPS) Analysis by Applications
9.12 Absolute $ Opportunity Assessment by Applications
9.13 Market Attractiveness Analysis by Applications
Chapter 10 Europe High Stretch Yarn Analysis and Forecast
10.1 Introduction
10.2 Europe High Stretch Yarn Market Size Forecast by Country
10.2.1 Germany
10.2.2 France
10.2.3 Italy
10.2.4 U.K.
10.2.5 Spain
10.2.6 Russia
10.2.7 Rest of Europe
10.3 Basis Point Share (BPS) Analysis by Country
10.4 Absolute $ Opportunity Assessment by Country
10.5 Market Attractiveness Analysis by Country
10.6 Europe High Stretch Yarn Market Size Forecast by Type
10.6.1 Polyester
10.6.2 Nylon
10.7 Basis Point Share (BPS) Analysis by Type
10.8 Absolute $ Opportunity Assessment by Type
10.9 Market Attractiveness Analysis by Type
10.10 Europe High Stretch Yarn Market Size Forecast by Applications
10.10.1 Clothes Pants
10.10.2 Socks
10.10.3 Other
10.11 Basis Point Share (BPS) Analysis by Applications
10.12 Absolute $ Opportunity Assessment by Applications
10.13 Market Attractiveness Analysis by Applications
Chapter 11 Asia Pacific High Stretch Yarn Analysis and Forecast
11.1 Introduction
11.2 Asia Pacific High Stretch Yarn Market Size Forecast by Country
11.2.1 China
11.2.2 Japan
11.2.3 South Korea
11.2.4 India
11.2.5 Australia
11.2.6 South East Asia (SEA)
11.2.7 Rest of Asia Pacific (APAC)
11.3 Basis Point Share (BPS) Analysis by Country
11.4 Absolute $ Opportunity Assessment by Country
11.5 Market Attractiveness Analysis by Country
11.6 Asia Pacific High Stretch Yarn Market Size Forecast by Type
11.6.1 Polyester
11.6.2 Nylon
11.7 Basis Point Share (BPS) Analysis by Type
11.8 Absolute $ Opportunity Assessment by Type
11.9 Market Attractiveness Analysis by Type
11.10 Asia Pacific High Stretch Yarn Market Size Forecast by Applications
11.10.1 Clothes Pants
11.10.2 Socks
11.10.3 Other
11.11 Basis Point Share (BPS) Analysis by Applications
11.12 Absolute $ Opportunity Assessment by Applications
11.13 Market Attractiveness Analysis by Applications
Chapter 12 Latin America High Stretch Yarn Analysis and Forecast
12.1 Introduction
12.2 Latin America High Stretch Yarn Market Size Forecast by Country
12.2.1 Brazil
12.2.2 Mexico
12.2.3 Rest of Latin America (LATAM)
12.3 Basis Point Share (BPS) Analysis by Country
12.4 Absolute $ Opportunity Assessment by Country
12.5 Market Attractiveness Analysis by Country
12.6 Latin America High Stretch Yarn Market Size Forecast by Type
12.6.1 Polyester
12.6.2 Nylon
12.7 Basis Point Share (BPS) Analysis by Type
12.8 Absolute $ Opportunity Assessment by Type
12.9 Market Attractiveness Analysis by Type
12.10 Latin America High Stretch Yarn Market Size Forecast by Applications
12.10.1 Clothes Pants
12.10.2 Socks
12.10.3 Other
12.11 Basis Point Share (BPS) Analysis by Applications
12.12 Absolute $ Opportunity Assessment by Applications
12.13 Market Attractiveness Analysis by Applications
Chapter 13 Middle East & Africa (MEA) High Stretch Yarn Analysis and Forecast
13.1 Introduction
13.2 Middle East & Africa (MEA) High Stretch Yarn Market Size Forecast by Country
13.2.1 Saudi Arabia
13.2.2 South Africa
13.2.3 UAE
13.2.4 Rest of Middle East & Africa (MEA)
13.3 Basis Point Share (BPS) Analysis by Country
13.4 Absolute $ Opportunity Assessment by Country
13.5 Market Attractiveness Analysis by Country
13.6 Middle East & Africa (MEA) High Stretch Yarn Market Size Forecast by Type
13.6.1 Polyester
13.6.2 Nylon
13.7 Basis Point Share (BPS) Analysis by Type
13.8 Absolute $ Opportunity Assessment by Type
13.9 Market Attractiveness Analysis by Type
13.10 Middle East & Africa (MEA) High Stretch Yarn Market Size Forecast by Applications
13.10.1 Clothes Pants
13.10.2 Socks
13.10.3 Other
13.11 Basis Point Share (BPS) Analysis by Applications
13.12 Absolute $ Opportunity Assessment by Applications
13.13 Market Attractiveness Analysis by Applications
Chapter 14 Competition Landscape
14.1 High Stretch Yarn Market: Competitive Dashboard
14.2 Global High Stretch Yarn Market: Market Share Analysis, 2019
14.3 Company Profiles (Details – Overview, Financials, Developments, Strategy)
14.3.1 Daenong
14.3.2 Xinfengming Group
14.3.3 Shenghong Holding Group Co., Ltd.
14.3.4 Hengli Petrochemical Co
14.3.5 Hengyishihua
14.3.6 McMichael Mills
14.3.7 Fujian Yiming Textile Co.,Ltd
14.3.8 Nanjing Forever Textile Co.,LTD
14.3.9 Shishi Flying Wheel Thread Co., Ltd.
