Market Forecast By Product Type (Spiral Yarn, Gimp Yarn, Loop Yarn, Snarl Yarn, Knob Yarn, Slub Yarn, Others), By Price (High/Premium, Medium, Low), By End-use (Fashion Clothing, Knitwear, Ties, Furnishings, Curtains, Upholstery, Others) And Competitive Landscape
Product Code: ETC239462 | Publication Date: Aug 2022 | Updated Date: May 2024 | Product Type: Market Research Report | |
Publisher: 6Wresearch | No. of Pages: 75 | No. of Figures: 35 | No. of Tables: 20 | |
Report Name | Brazil Rayon Fancy Yarn Market |
Forecast period | 2024-2030 |
CAGR | 5.2% |
Growing Sector | Textile |
Brazil Rayon Fancy Yarn Market report thoroughly covers the market by Product Type, Price, and End-Use. The market report provides an unbiased and detailed analysis of the ongoing market trends, opportunities/high growth areas, and market drivers which would help the stakeholders to devise and align their market strategies according to the current and future market dynamics.
Brazil Rayon Fancy Yarn market has seen considerable growth in recent years, driven by a burgeoning fashion industry and increasing demand for sustainable textile solutions. Brazilian manufacturers are leveraging innovative techniques to produce a versatile range of rayon fancy yarns, catering to both domestic and international designers seeking high-quality, eco-friendly materials. This market segment benefits from Brazil's rich natural resources and commitment to environmental sustainability, positioning it as a key player in the global textile industry's shift towards more sustainable practices.
According to 6Wresearch, the Brazil Rayon Fancy Yarn Market size is expected to grow at a CAGR of 5.2% during the forecast period from 2024-2030. This growth can be attributed to various factors such as increasing demand for rayon fancy yarn in the textile and apparel industry, growing consumer preference for eco-friendly and sustainable products, and rising disposable income. One of the major drivers for the growth of the market is the One major driver is the increasing demand for sustainable and eco-friendly products. As consumers become more conscious of their impact on the environment, there has been a shift towards using natural and biodegradable materials in clothing and textile products. Secondly, Brazil's growing textile industry and its focus on innovation also play a significant role in the growth of the rayon fancy yarn market. Brazil's diverse climate and geographical landscape provide ideal conditions for growing bamboo and eucalyptus trees. These trees are a major source of cellulose which is used in the production of rayon yarn. Furthermore, government initiatives and policies promoting the use of sustainable and biodegradable materials in the textile industry also contribute to the growth of the Rayon fancy yarn market in Brazil.
Despite the positive growth, the Brazil rayon fancy yarn market still faces some challenges such as fluctuating raw material prices and increasing competition from other countries. Brazil's fancy yarn market faces stiff competition from other major textile-producing countries such as China, India, and Turkey. These countries have a lower cost of production and can offer their products at a lower price, which may make it difficult for Brazilian manufacturers to compete. Fluctuation in raw material prices is another challenge for the market. wood, which is a raw material in the production of rayon yarn, is subject to fluctuation. This can affect the profitability of producers and make it difficult for them to plan and budget effectively. The country's transportation and logistics infrastructure is not as developed as some of its competitors, which can result in higher production costs and longer lead times for deliveries. Hence, infrastructure is another challenge that the market is facing and these challenges have led to major decline in the Brazil rayon fancy yarn market Growth.
Lenzing AG is one of the leading manufacturers of man-made cellulose fibres, including rayon. The Aditya Birla Groupโs subsidiary, Grasim Industries Limited, is one of the largest manufacturers of viscose staple fibre in India and has a production facility in Brazil. Sateri, previously known as Jilin Chemical Fiber Group Co., Ltd, is a major producer of viscose staple fibre. Tangshan Sanyou is one of the largest producers of viscose staple fibre in China. The company has a production facility in Brazil and is known for its high-quality products and advanced technology. Fulida Group Holdings Co., Ltd. is a Chinese textile company that specializes in producing rayon yarn and fabric.
The government has been actively promoting textile and yarn production in the country through initiatives. One of the significant efforts was the implementation of the Brazilian Textile Industry Development Program, which aims to promote and develop the textile industry in Brazil through various policies and measures such as tax incentives, funding for research and development, and support for small and medium-sized enterprises. Moreover, the Brazilian government has also been working on strengthening trade agreements with other countries, particularly in the Latin American region. The Brazilian government offers tax incentives and subsidies to encourage foreign investments in the textile industry. Furthermore, the government has also implemented policies to promote sustainable and eco-friendly production practices in the country.
The future of the Brazil Rayon Fancy Yarn Industry appears promising, with expectations of significant growth driven by the increasing demand for sustainable and eco-friendly fashion. With a growing awareness among consumers about environmental issues, there is a notable shift towards more sustainable materials in the textile industry. Rayon, being a semi-synthetic fiber made from naturally occurring polymers, stands out as an attractive option for environmentally conscious fashion designers and brands. Additionally, technological advancements in the production process of rayon fancy yarn are expected to improve efficiency and reduce environmental impact, further boosting its market appeal. This trend is likely to open new avenues for innovation and investment in the Brazilian textile sector, positioning rayon fancy yarn as a key player in the eco-friendly fashion movement.
According to Ravi Bhandari, Research Manager, 6Wresearch, the spiral yarn segment dominates the market. The segment will grow the most in the coming years due to its versatility, spiral yarn is used in various industries such as fashion, home decor, and crafting. Spiral yarns are made by twisting two or more strands of yarn together, creating an interesting spiral effect. It can be woven into fabrics for clothing items like dresses and scarves or used in interior design for curtains and upholstery.
Based on the price, the high/premium segment will grow in the coming years. These yarns are known for their superior quality, unique designs, and premium finishing, making them a preferred choice among consumers who value luxury and exclusivity.
Based on the End Use, the fashion clothing segment will grow in the coming years. This can be attributed to the growing trend of fast fashion and increasing disposable income among consumers. The use of rayon fancy yarn in apparel offers a luxurious feel and enhances the appeal, making it a popular choice among fashion designers and consumers alike.
The report offers a comprehensive study of the subsequent market segments:
1 Executive Summary |
2 Introduction |
2.1 Key Highlights of the Report |
2.2 Report Description |
2.3 Market Scope & Segmentation |
2.4 Research Methodology |
2.5 Assumptions |
3 Brazil Rayon Fancy Yarn Market Overview |
3.1 Brazil Country Macro Economic Indicators |
3.2 Brazil Rayon Fancy Yarn Market Revenues & Volume, 2020 & 2030F |
3.3 Brazil Rayon Fancy Yarn Market - Industry Life Cycle |
3.4 Brazil Rayon Fancy Yarn Market - Porter's Five Forces |
3.5 Brazil Rayon Fancy Yarn Market Revenues & Volume Share, By Product Type, 2020 & 2030F |
3.6 Brazil Rayon Fancy Yarn Market Revenues & Volume Share, By Price, 2020 & 2030F |
3.7 Brazil Rayon Fancy Yarn Market Revenues & Volume Share, By End-use, 2020 & 2030F |
4 Brazil Rayon Fancy Yarn Market Dynamics |
4.1 Impact Analysis |
4.2 Market Drivers |
4.3 Market Restraints |
5 Brazil Rayon Fancy Yarn Market Trends |
6 Brazil Rayon Fancy Yarn Market, By Types |
6.1 Brazil Rayon Fancy Yarn Market, By Product Type |
6.1.1 Overview and Analysis |
6.1.2 Brazil Rayon Fancy Yarn Market Revenues & Volume, By Product Type, 2020 - 2030F |
6.1.3 Brazil Rayon Fancy Yarn Market Revenues & Volume, By Spiral Yarn, 2020 - 2030F |
6.1.4 Brazil Rayon Fancy Yarn Market Revenues & Volume, By Gimp Yarn, 2020 - 2030F |
6.1.5 Brazil Rayon Fancy Yarn Market Revenues & Volume, By Loop Yarn, 2020 - 2030F |
6.1.6 Brazil Rayon Fancy Yarn Market Revenues & Volume, By Snarl Yarn, 2020 - 2030F |
6.1.7 Brazil Rayon Fancy Yarn Market Revenues & Volume, By Knob Yarn, 2020 - 2030F |
6.1.8 Brazil Rayon Fancy Yarn Market Revenues & Volume, By Slub Yarn, 2020 - 2030F |
6.2 Brazil Rayon Fancy Yarn Market, By Price |
6.2.1 Overview and Analysis |
6.2.2 Brazil Rayon Fancy Yarn Market Revenues & Volume, By High/Premium, 2020 - 2030F |
6.2.3 Brazil Rayon Fancy Yarn Market Revenues & Volume, By Medium, 2020 - 2030F |
6.2.4 Brazil Rayon Fancy Yarn Market Revenues & Volume, By Low, 2020 - 2030F |
6.3 Brazil Rayon Fancy Yarn Market, By End-use |
6.3.1 Overview and Analysis |
6.3.2 Brazil Rayon Fancy Yarn Market Revenues & Volume, By Fashion Clothing, 2020 - 2030F |
6.3.3 Brazil Rayon Fancy Yarn Market Revenues & Volume, By Knitwear, 2020 - 2030F |
6.3.4 Brazil Rayon Fancy Yarn Market Revenues & Volume, By Ties, 2020 - 2030F |
6.3.5 Brazil Rayon Fancy Yarn Market Revenues & Volume, By Furnishings, 2020 - 2030F |
6.3.6 Brazil Rayon Fancy Yarn Market Revenues & Volume, By Curtains, 2020 - 2030F |
6.3.7 Brazil Rayon Fancy Yarn Market Revenues & Volume, By Upholstery, 2020 - 2030F |
7 Brazil Rayon Fancy Yarn Market Import-Export Trade Statistics |
7.1 Brazil Rayon Fancy Yarn Market Export to Major Countries |
7.2 Brazil Rayon Fancy Yarn Market Imports from Major Countries |
8 Brazil Rayon Fancy Yarn Market Key Performance Indicators |
9 Brazil Rayon Fancy Yarn Market - Opportunity Assessment |
9.1 Brazil Rayon Fancy Yarn Market Opportunity Assessment, By Product Type, 2020 & 2030F |
9.2 Brazil Rayon Fancy Yarn Market Opportunity Assessment, By Price, 2020 & 2030F |
9.3 Brazil Rayon Fancy Yarn Market Opportunity Assessment, By End-use, 2020 & 2030F |
10 Brazil Rayon Fancy Yarn Market - Competitive Landscape |
10.1 Brazil Rayon Fancy Yarn Market Revenue Share, By Companies, 2023 |
10.2 Brazil Rayon Fancy Yarn Market Competitive Benchmarking, By Operating and Technical Parameters |
11 Company Profiles |
12 Recommendations |
13 Disclaimer |