The textile yarn market is estimated at 10.78 $billion in 2016, is projected to grow at a CAGR of 3.7% to reach USD 11.88 billion by 2020. The market is driven by factors such as demand for high value fabrics, consumer consciousness, and innovations leading to novel varieties. The high growth potential in emerging markets and untapped regions provide new growth opportunities for market players.

Among the textile yarn market, polyester textile yarn leads market with the largest share. On the basis of type, the textile yarn market is led by the polyester segment, followed by cotton. According to research, the global polyester textile yarn is projected to grow at a CAGR of 4.56% during the forecast period 2016-2020.

The research reveals viscose is the fastest growing yarn across the globe and has found its application in apparel industry in several places as a substitute for polyester. Silk is the fastest-growing natural yarn segment of textile yarn market, particularly in developing Asian economies due to the extensive fabric production in these countries.

China continue to lead the polyester textile yarn industry
China is focusing on increased usage of advanced technologies and newer products for polyester textile yarn. Also the awareness among the consumers is increasing in the country; therefore the demand for water, stain, and fire-resistant products requires specialized product development. With greater applicability of polyester textile yarn and focus on achieving greater profits, several textile manufacturers are willing to spend on innovative blended textile yarn varieties that combine properties of natural and artificial yarn.


Read Full Report: http://www.gosreports.com/global-textile-yarn-market-research-report-2016/

Joanna | Executive – International Business and partner Relations
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