Market Overview:
The global microfiber yarns market is expected to register a CAGR of 5.8% during the forecast period, 2018-2030. The market growth can be attributed to the increasing demand for microfiber yarns from various applications, such as sweaters, blankets, carpets and others. In addition, the growing awareness about the benefits of using microfiber yarns is also contributing to the growth of this market. Based on type, the global microfiber yarns market has been segmented into white (100%) acrylic yarn, white acrylic viscose blended yarn, colored (100%) acrylic yarn and colored acrylic viscose blended yam. Among these segments, white (100%) acrylic yam held a major share in 2017 and is expected to maintain its dominance during the forecast period as well. This can be attributed to its properties such as high strength-to-weight ratio and good abrasion resistance that make it suitable for use in various applications such as sweaters and blankets. Based on application, the global microfiber yams market has been segmented into sweater industry,, blanket industry,, carpet industry,, upholstery fabric industryand others,. Among these segments,. Carpet Industry held a major share in 2017 owing to increasing demand from residential & commercial sectors across regions.
Product Definition:
Microfiber yarns are made from very fine fibers, typically less than one denier in diameter. They are used to make high-performance textiles, such as clothing and insulation.
White (100%) Acrylic Yarn:
White (100%) acrylic yarn is a type of synthetic fiber, which is produced from carbon compounds and hydrogen. It has high resistance to abrasion and chemicals. This makes it suitable for use in microfiber yarn production as they are used extensively in industrial applications like upholstery, apparel & home furnishing fabrics, automotive interiors & exteriors, etc.
White Acrylic Viscose Blended Yarn:
White acrylic viscose blended yarn is a unique type of synthetic fiber, which is produced by blending white acrylic polymer with the help of emulsion or suspension. The product has high tensile strength and abrasion resistance properties. It can be easily dyed and used in various applications including apparel, home furnishing fabrics, upholstery fabrics for furniture & seating as well as industrial fibers.
Application Insights:
The sweater application segment led the global microfiber yarn market in 2017. The product is widely used in sweaters owing to its properties such as excellent thermal regulation, moisture-wicking and quick drying. These properties ensure that the wearer stays comfortable throughout the day. Furthermore, these products are available at low prices compared to other luxury apparel which has increased their demand among lower-income groups across various regions of the world.
Blanket application dominated the overall market with a revenue share of over 40% in 2017 due to its wide applications across various industries such as automotive, construction and electronics where high performance is required from blankets or car seats made using microfiber yarns for comfort and heat management during cold weather conditions or driving/working hours respectively.
Regional Analysis:
Asia Pacific dominated the global market in 2017. The region is expected to witness significant growth over the forecast period owing to increasing product demand from various application industries, such as automotive, construction, and home care & household products. Increasing disposable income levels coupled with growing population are likely to drive regional market growth over the forecast period.
The European microfiber yarns market is driven by high demand for technologically advanced products from various end-use industries such as automotive and medical devices. Europe has been witnessing a steady increase in production of cars since 2009 after a slump during 2008-09 that followed economic crisis on account of which there was no change in consumption trend until 2013 when it started growing at a rate of 6% per annum till 2016 when it reached 17%. This steady rise in automobile production along with other factors is anticipated to boost product demand across this region over the next eight years (2018 - 2030).
Growth Factors:
- Increasing demand from the automotive and furniture industries for microfiber yarns as a substitute for traditional materials such as cotton and wool.
- Rising awareness about the benefits of using microfiber yarns, which include superior absorbency, durability, and stain resistance.
- Growing popularity of eco-friendly products made from sustainable materials such as bamboo rayon and recycled polyester fibers.
- Technological advancements that have led to the development of more efficient manufacturing processes for producing microfiber yarns in bulk quantities at lower costs.
- The increasing use of online platforms to purchase textile products, which has helped to boost demand for microfiber yarns among consumers worldwide
Scope Of The Report
Report Attributes
Report Details
Report Title
Microfiber Yarns Market Research Report
By Type
White (100%) Acrylic Yarn, White Acrylic Viscose Blended Yarn, Colored (100%) Acrylic Yarn, Colored Acrylic Viscose Blended Yarn, Others
By Application
Sweater, Blanket, Carpet, Others
By Companies
Aditya Birla Yarn, Hanil Synthetic Fiber, Indorama, Sutlej Textiles and Industries, Chenab Textile Mills, Sadiq Group, Sharman Woollen Mills, Taekwang, Gurteks Group, Aditya Birla Yarn
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
171
Number of Tables & Figures
120
Customization Available
Yes, the report can be customized as per your need.
Global Microfiber Yarns Market Report Segments:
The global Microfiber Yarns market is segmented on the basis of:
Types
White (100%) Acrylic Yarn, White Acrylic Viscose Blended Yarn, Colored (100%) Acrylic Yarn, Colored Acrylic Viscose Blended Yarn, Others
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
Sweater, Blanket, Carpet, Others
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:
- Aditya Birla Yarn
- Hanil Synthetic Fiber
- Indorama
- Sutlej Textiles and Industries
- Chenab Textile Mills
- Sadiq Group
- Sharman Woollen Mills
- Taekwang
- Gurteks Group
- Aditya Birla Yarn
Highlights of The Microfiber Yarns 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:
- White (100%) Acrylic Yarn
- White Acrylic Viscose Blended Yarn
- Colored (100%) Acrylic Yarn
- Colored Acrylic Viscose Blended Yarn
- Others
- By Application:
- Sweater
- Blanket
- Carpet
- Others
- 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 Microfiber Yarns 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.
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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?
Microfiber yarns are made from a blend of polyester and cotton fibers. They are very soft, lightweight, and have a high thread count. Microfiber yarn is often used in clothing because it is breathable, comfortable to wear, and easy to care for.
Some of the major companies in the microfiber yarns market are Aditya Birla Yarn, Hanil Synthetic Fiber, Indorama, Sutlej Textiles and Industries, Chenab Textile Mills, Sadiq Group, Sharman Woollen Mills, Taekwang, Gurteks Group, Aditya Birla Yarn.
The microfiber yarns market is expected to grow at a compound annual growth rate of 5.8%.
Chapter 1 Executive Summary
Chapter 2 Assumptions and Acronyms Used
Chapter 3 Research Methodology
Chapter 4 Microfiber Yarns 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 Microfiber Yarns Market Dynamics
4.2.1 Market Drivers
4.2.2 Market Restraints
4.2.3 Market Opportunity
4.3 Microfiber Yarns 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 Microfiber Yarns 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 Microfiber Yarns Market Size & Forecast, 2018-2028
4.5.1 Microfiber Yarns Market Size and Y-o-Y Growth
4.5.2 Microfiber Yarns Market Absolute $ Opportunity
Chapter 5 Global Microfiber Yarns 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 Microfiber Yarns Market Size Forecast by Type
5.2.1 White (100%) Acrylic Yarn
5.2.2 White Acrylic Viscose Blended Yarn
5.2.3 Colored (100%) Acrylic Yarn
5.2.4 Colored Acrylic Viscose Blended Yarn
5.2.5 Others
5.3 Market Attractiveness Analysis by Type
Chapter 6 Global Microfiber Yarns 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 Microfiber Yarns Market Size Forecast by Applications
6.2.1 Sweater
6.2.2 Blanket
6.2.3 Carpet
6.2.4 Others
6.3 Market Attractiveness Analysis by Applications
Chapter 7 Global Microfiber Yarns 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 Microfiber Yarns 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 Microfiber Yarns Analysis and Forecast
9.1 Introduction
9.2 North America Microfiber Yarns 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 Microfiber Yarns Market Size Forecast by Type
9.6.1 White (100%) Acrylic Yarn
9.6.2 White Acrylic Viscose Blended Yarn
9.6.3 Colored (100%) Acrylic Yarn
9.6.4 Colored Acrylic Viscose Blended Yarn
9.6.5 Others
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 Microfiber Yarns Market Size Forecast by Applications
9.10.1 Sweater
9.10.2 Blanket
9.10.3 Carpet
9.10.4 Others
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 Microfiber Yarns Analysis and Forecast
10.1 Introduction
10.2 Europe Microfiber Yarns 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 Microfiber Yarns Market Size Forecast by Type
10.6.1 White (100%) Acrylic Yarn
10.6.2 White Acrylic Viscose Blended Yarn
10.6.3 Colored (100%) Acrylic Yarn
10.6.4 Colored Acrylic Viscose Blended Yarn
10.6.5 Others
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 Microfiber Yarns Market Size Forecast by Applications
10.10.1 Sweater
10.10.2 Blanket
10.10.3 Carpet
10.10.4 Others
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 Microfiber Yarns Analysis and Forecast
11.1 Introduction
11.2 Asia Pacific Microfiber Yarns 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 Microfiber Yarns Market Size Forecast by Type
11.6.1 White (100%) Acrylic Yarn
11.6.2 White Acrylic Viscose Blended Yarn
11.6.3 Colored (100%) Acrylic Yarn
11.6.4 Colored Acrylic Viscose Blended Yarn
11.6.5 Others
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 Microfiber Yarns Market Size Forecast by Applications
11.10.1 Sweater
11.10.2 Blanket
11.10.3 Carpet
11.10.4 Others
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 Microfiber Yarns Analysis and Forecast
12.1 Introduction
12.2 Latin America Microfiber Yarns 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 Microfiber Yarns Market Size Forecast by Type
12.6.1 White (100%) Acrylic Yarn
12.6.2 White Acrylic Viscose Blended Yarn
12.6.3 Colored (100%) Acrylic Yarn
12.6.4 Colored Acrylic Viscose Blended Yarn
12.6.5 Others
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 Microfiber Yarns Market Size Forecast by Applications
12.10.1 Sweater
12.10.2 Blanket
12.10.3 Carpet
12.10.4 Others
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) Microfiber Yarns Analysis and Forecast
13.1 Introduction
13.2 Middle East & Africa (MEA) Microfiber Yarns 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) Microfiber Yarns Market Size Forecast by Type
13.6.1 White (100%) Acrylic Yarn
13.6.2 White Acrylic Viscose Blended Yarn
13.6.3 Colored (100%) Acrylic Yarn
13.6.4 Colored Acrylic Viscose Blended Yarn
13.6.5 Others
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) Microfiber Yarns Market Size Forecast by Applications
13.10.1 Sweater
13.10.2 Blanket
13.10.3 Carpet
13.10.4 Others
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 Microfiber Yarns Market: Competitive Dashboard
14.2 Global Microfiber Yarns Market: Market Share Analysis, 2019
14.3 Company Profiles (Details – Overview, Financials, Developments, Strategy)
14.3.1 Aditya Birla Yarn
14.3.2 Hanil Synthetic Fiber
14.3.3 Indorama
14.3.4 Sutlej Textiles and Industries
14.3.5 Chenab Textile Mills
14.3.6 Sadiq Group
14.3.7 Sharman Woollen Mills
14.3.8 Taekwang
14.3.9 Gurteks Group
14.3.10 Aditya Birla Yarn
