Market Overview:
The global specialty yarns market is expected to grow at a CAGR of 5.5% during the forecast period 2018-2030. The market growth can be attributed to the increasing demand for luxury and high-end products, especially in developed countries. Additionally, the growing awareness about the benefits of using specialty yarns is also contributing to the growth of this market. Based on type, silk yarns are expected to lead the global specialty yarns market with a share of more than 30%. This can be attributed to their luxurious appearance and properties such as strength and durability. Chemical fibre yarns are projected to be the fastest growing segment during 2018-2030 owing to their low cost and wide range of applications in various industries such as automotive, construction, etc. Based on application, clothes are expected to account for majority share in terms of revenue followed by furniture applications during 2018-2030.
Product Definition:
A specialty yarn is a type of yarn that is made from a specific material or combination of materials. Specialty yarns are often used to create unique textiles, such as sweaters, hats, and scarves. They can also be used to add extra warmth and insulation to clothing items. Some common types of specialty yarns include wool, cashmere, alpaca, silk, and bamboo.
Silk:
Silk is a protein fiber obtained from the cocoon of the silkworm. It has high tensile strength and elasticity, which makes it suitable for making into yarns and fabrics with various designs. Silk can be easily dyed in different colors, making it suitable for fashion wearables such as clothing & accessories, home furnishing fabrics like bedding & mattresses as well as industrial applications such as filtration and medical suture threads.
Chemical Fibre:
Chemical Fibre is also known as Clarfiber and it's produced from the reaction of chemicals such as sulfuric acid, sodium carbonate, and cellulose. The product has several beneficial properties such as high tensile strength & durability, resistance to abrasion & heat; excellent elasticity; good thermal stability; high water absorption capacity.
Application Insights:
The application segment includes clothes, furniture, and other applications. Clothes application dominated the global market with a revenue share of over 40% in 2017. The demand for specialty yarns is growing owing to its properties such as breathability, UV protection and moisture management which are required in sportswear manufacturing. Moreover, these products have high tensile strength which helps avoid shrinkage or sagging when wet which is another factor boosting their demand globally.
Furniture application is expected to witness the fastest growth rate over the forecast period followed by other applications including carpets and upholstery where these products are used for insulation purposes or as filling material in mattresses and pillows due to their high insulating value (TV).
Regional Analysis:
North America was the largest market for specialty yarns in 2016 and is expected to continue its dominance over the forecast period. The growth of this region can be attributed to increasing demand for luxury apparel, which has led to an increase in spending on clothing products. Moreover, rising production of hemp and other natural textiles due to legalization of cannabis cultivation in countries such as Canada is anticipated to fuel product demand over the next eight years.
Asia Pacific is projected to be one of the fastest-growing markets owing with rapid industrialization along with supportive government policies aimed at promoting foreign direct investments from developed economies such as Japan and China that are likely boost industry expansion over the coming years. Furthermore, growing awareness regarding environment protection coupled with stringent regulations by regulatory bodies pertaining environmental pollution caused by synthetic fibers such as polyester will drive consumer preference towards specialty yarns during manufacturing processes leading toward a positive impact on market growth during the forecast period.
Growth Factors:
- Increasing demand from the apparel industry for high-quality, specialty yarns.
- Growing popularity of knitting and crochet as leisure activities.
- Rising demand for luxury fabrics and accessories.
- Technological advances that have led to the development of new types of specialty yarns.
- The increasing use of speciality yarns in home decorating projects
Scope Of The Report
Report Attributes
Report Details
Report Title
Specialty Yarns Market Research Report
By Type
Silk, Chemical Fibre, Cannabis or Flax, Coconut Shell Fiber, Other
By Application
Clothes, Furniture, Other
By Companies
MT Sullivan&Co., Xuzhou Xinchang Textile Co., Ltd, Iprotex, HYOSUNG CORP. CO. LTD, ZHEJIANG HAILIDE NEW MATERIAL CO.,, Mehler, FULLTECH FIBER GLASS CORP., ORIENTAL INDUSTRIES (SUZHOU) LTD, MSYG, Cap Yarns
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
175
Number of Tables & Figures
123
Customization Available
Yes, the report can be customized as per your need.
Global Specialty Yarns Market Report Segments:
The global Specialty Yarns market is segmented on the basis of:
Types
Silk, Chemical Fibre, Cannabis or Flax, Coconut Shell Fiber, Other
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, Furniture, 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:
- MT Sullivan&Co.
- Xuzhou Xinchang Textile Co., Ltd
- Iprotex
- HYOSUNG CORP. CO. LTD
- ZHEJIANG HAILIDE NEW MATERIAL CO.,
- Mehler
- FULLTECH FIBER GLASS CORP.
- ORIENTAL INDUSTRIES (SUZHOU) LTD
- MSYG
- Cap Yarns
Highlights of The Specialty 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:
- Silk
- Chemical Fibre
- Cannabis or Flax
- Coconut Shell Fiber
- Other
- By Application:
- Clothes
- Furniture
- 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 Specialty 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.
How you may use our products:
- Correctly Positioning New Products
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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?
Specialty yarns are yarns that have been specifically designed for a certain purpose. They can be made from a variety of materials, including cotton, wool, cashmere, silk and bamboo.
Some of the key players operating in the specialty yarns market are MT Sullivan&Co., Xuzhou Xinchang Textile Co., Ltd, Iprotex, HYOSUNG CORP. CO. LTD, ZHEJIANG HAILIDE NEW MATERIAL CO.,, Mehler, FULLTECH FIBER GLASS CORP., ORIENTAL INDUSTRIES (SUZHOU) LTD, MSYG, Cap Yarns.
The specialty yarns 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 Specialty 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 Specialty Yarns Market Dynamics 4.2.1 Market Drivers 4.2.2 Market Restraints 4.2.3 Market Opportunity 4.3 Specialty 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 Specialty 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 Specialty Yarns Market Size & Forecast, 2020-2028 4.5.1 Specialty Yarns Market Size and Y-o-Y Growth 4.5.2 Specialty Yarns Market Absolute $ Opportunity
Chapter 5 Global 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 Market Size Forecast by Type
5.2.1 Silk
5.2.2 Chemical Fibre
5.2.3 Cannabis or Flax
5.2.4 Coconut Shell Fiber
5.2.5 Other
5.3 Market Attractiveness Analysis by Type
Chapter 6 Global 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 Market Size Forecast by Applications
6.2.1 Clothes
6.2.2 Furniture
6.2.3 Other
6.3 Market Attractiveness Analysis by Applications
Chapter 7 Global Specialty 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 Specialty 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 Analysis and Forecast
9.1 Introduction
9.2 North America 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 Market Size Forecast by Type
9.6.1 Silk
9.6.2 Chemical Fibre
9.6.3 Cannabis or Flax
9.6.4 Coconut Shell Fiber
9.6.5 Other
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 Market Size Forecast by Applications
9.10.1 Clothes
9.10.2 Furniture
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 Analysis and Forecast
10.1 Introduction
10.2 Europe 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 Market Size Forecast by Type
10.6.1 Silk
10.6.2 Chemical Fibre
10.6.3 Cannabis or Flax
10.6.4 Coconut Shell Fiber
10.6.5 Other
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 Market Size Forecast by Applications
10.10.1 Clothes
10.10.2 Furniture
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 Analysis and Forecast
11.1 Introduction
11.2 Asia Pacific 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 Market Size Forecast by Type
11.6.1 Silk
11.6.2 Chemical Fibre
11.6.3 Cannabis or Flax
11.6.4 Coconut Shell Fiber
11.6.5 Other
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 Market Size Forecast by Applications
11.10.1 Clothes
11.10.2 Furniture
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 Analysis and Forecast
12.1 Introduction
12.2 Latin America 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 Market Size Forecast by Type
12.6.1 Silk
12.6.2 Chemical Fibre
12.6.3 Cannabis or Flax
12.6.4 Coconut Shell Fiber
12.6.5 Other
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 Market Size Forecast by Applications
12.10.1 Clothes
12.10.2 Furniture
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) Analysis and Forecast
13.1 Introduction
13.2 Middle East & Africa (MEA) 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) Market Size Forecast by Type
13.6.1 Silk
13.6.2 Chemical Fibre
13.6.3 Cannabis or Flax
13.6.4 Coconut Shell Fiber
13.6.5 Other
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) Market Size Forecast by Applications
13.10.1 Clothes
13.10.2 Furniture
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 Specialty Yarns Market: Competitive Dashboard
14.2 Global Specialty Yarns Market: Market Share Analysis, 2019
14.3 Company Profiles (Details – Overview, Financials, Developments, Strategy)
14.3.1 MT Sullivan&Co.
14.3.2 Xuzhou Xinchang Textile Co., Ltd
14.3.3 Iprotex
14.3.4 HYOSUNG CORP. CO. LTD
14.3.5 ZHEJIANG HAILIDE NEW MATERIAL CO.,
14.3.6 Mehler
14.3.7 FULLTECH FIBER GLASS CORP.
14.3.8 ORIENTAL INDUSTRIES (SUZHOU) LTD
14.3.9 MSYG
14.3.10 Cap Yarns