Market Forecast by Countries (United States, Canada), By Sources (Chemical, Animal, Plant, Others), By Applications (Home Textile, Apparel, Industrial), By Artificial Subtype (Viscose, Polyester, Acrylic, Nylon), By Type (Artificial, Natural Type) And Competitive Landscape
Product Code: ETC059725 | Publication Date: May 2021 | Updated Date: Jul 2024 | Product Type: Market Research Report | |
Publisher: 6Wresearch | No. of Pages: 200 | No. of Figures: 90 | No. of Tables: 30 | |
Report Name | North America Textile Yarn Market |
Forecast Period | 2024-2030 |
CARG | 4.9% |
Growing Sector | Fashion and Apparel sector |
The North America Textile Yarn Market Report thoroughly covers the market by Countries, Sources, Applications, Artificial Subtype and Type. The North America Textile Yarn Market Outlook report provides an unbiased and detailed analysis of the ongoing North America Textile Yarn market trends, opportunities/high growth areas, and market drivers. This would help stakeholders devise and align their market strategies according to the current and future market dynamics.
The North America Textile Yarn market is predicted to see substantial growth driven by the increasing demand for various types of textile yarn and the continuous innovation within the industry. The market growth is stimulated by the increasing demand for home textiles, apparels, and industrial applications.
According to 6Wresearch, The North America Textile Yarn Market size is projected to grow at a CARG ofย ย 4.9% during 2024-2030. The growth is driven by increased consumer spending on apparel and home textiles. The evolving fashion trends and increased utilization of synthetic and natural yarn in various industrial applications have also contributed to the market expansion.The demand for organic, recycled, and biodegradable yarns is fueling innovation in eco-conscious materials, supporting market growth.
Despite the promising market scenario in North America, the Textile Yarn industry experiences considerable challenges due to fluctuations in raw material prices, particularly for natural fibers like cotton and wool, as well as synthetic fibers, impact the profitability and supply chain stability of textile yarn manufacturers. Managing raw material sourcing, inventory levels, and price volatility poses challenges in production planning and cost management.
The North America Textile Yarn Market is witnessing considerable growth, with key players like Dupont, Indorama Ventures, Unifi, and Lenzing AG. These industry leaders are recognized for their diverse portfolio of textile yarn and their strong networks of distribution. Focusing on customer-centric strategies and innovative designs, they aim to strengthen their market positions.
Government initiatives promoting textile recycling, circular economy principles, and waste reduction programs drive sustainability efforts within the textile yarn market. Encouraging resource efficiency, waste minimization, and product lifecycle assessments align with circular economy goals and support sustainable production practices in the industry.Government funding programs, research grants, and innovation incentives support research and development activities, technology adoption, and product innovation in the textile yarn sector. Investing in R&D projects, collaboration with academic institutions, and technology partnerships fosters industry innovation, competitiveness, and advancement in manufacturing practices.
The North America Textile Yarn Market is set for significant growth, with a projection of considerable market expansion. Sustainability will continue to be a key focus area for textile yarn manufacturers in North America, with an increasing emphasis on eco-friendly materials, recycling initiatives, and circular economy principles. Demand for organic fibers, biodegradable yarns, and water-saving production processes will drive innovation and differentiation in the market. Adoption of advanced manufacturing technologies, such as automation, digitalization, and smart machinery, will enhance production efficiency, quality control, and customization capabilities in textile yarn manufacturing. Industry 4.0 integration, predictive analytics, and robotics will revolutionize production processes and streamline operations.
The "United States" segment is witnessing robust growth due to the increase in demand for textile yarn in apparel and home textile industries.
The "Chemical" source category, including artificial and synthetic yarns, contributes significantly to the market due to their extensive use in various applications.
The "Apparel" application is a major contributor as the demand for high-quality and diverse types of yarns in the fashion industry is high.
The "Polyester" subtype is experiencing growth due to its durability, versatility and cost-effectiveness.
The "Artificial" type dominates the market as they are widely used in a vast array of textile products due to their consistency and wide-ranging properties.
The report provides a detailed analysis of the following 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 North America Textile Yarn Market Overview |
3.1 North America Regional Macro Economic Indicators |
3.2 North America Textile Yarn Market Revenues & Volume, 2020 & 2030F |
3.3 North America Textile Yarn Market - Industry Life Cycle |
3.4 North America Textile Yarn Market - Porter's Five Forces |
3.5 North America Textile Yarn Market Revenues & Volume Share, By Countries, 2020 & 2030F |
3.6 North America Textile Yarn Market Revenues & Volume Share, By Sources, 2020 & 2030F |
3.7 North America Textile Yarn Market Revenues & Volume Share, By Applications, 2020 & 2030F |
3.8 North America Textile Yarn Market Revenues & Volume Share, By Artificial Subtype, 2020 & 2030F |
3.9 North America Textile Yarn Market Revenues & Volume Share, By Type, 2020 & 2030F |
4 North America Textile Yarn Market Dynamics |
4.1 Impact Analysis |
4.2 Market Drivers |
4.3 Market Restraints |
5 North America Textile Yarn Market Trends |
6 North America Textile Yarn Market, 2020 - 2030 |
6.1 North America Textile Yarn Market, Revenues & Volume, By Sources, 2020 - 2030 |
6.2 North America Textile Yarn Market, Revenues & Volume, By Applications, 2020 - 2030 |
6.3 North America Textile Yarn Market, Revenues & Volume, By Artificial Subtype, 2020 - 2030 |
6.4 North America Textile Yarn Market, Revenues & Volume, By Type, 2020 - 2030 |
7 United States Textile Yarn Market, 2020 - 2030 |
7.1 United States Textile Yarn Market, Revenues & Volume, By Sources, 2020 - 2030 |
7.2 United States Textile Yarn Market, Revenues & Volume, By Applications, 2020 - 2030 |
7.3 United States Textile Yarn Market, Revenues & Volume, By Artificial Subtype, 2020 - 2030 |
7.4 United States Textile Yarn Market, Revenues & Volume, By Type, 2020 - 2030 |
8 Canada Textile Yarn Market, 2020 - 2030 |
8.1 Canada Textile Yarn Market, Revenues & Volume, By Sources, 2020 - 2030 |
8.2 Canada Textile Yarn Market, Revenues & Volume, By Applications, 2020 - 2030 |
8.3 Canada Textile Yarn Market, Revenues & Volume, By Artificial Subtype, 2020 - 2030 |
8.4 Canada Textile Yarn Market, Revenues & Volume, By Type, 2020 - 2030 |
9 North America Textile Yarn Market Key Performance Indicators |
10 North America Textile Yarn Market - Opportunity Assessment |
10.1 North America Textile Yarn Market Opportunity Assessment, By Countries, 2020 & 2030F |
10.2 North America Textile Yarn Market Opportunity Assessment, By Sources, 2020 & 2030F |
10.3 North America Textile Yarn Market Opportunity Assessment, By Applications, 2020 & 2030F |
10.4 North America Textile Yarn Market Opportunity Assessment, By Artificial Subtype, 2020 & 2030F |
10.5 North America Textile Yarn Market Opportunity Assessment, By Type, 2020 & 2030F |
11 North America Textile Yarn Market - Competitive Landscape |
11.1 North America Textile Yarn Market Revenue Share, By Companies, 2020 |
11.2 North America Textile Yarn Market Competitive Benchmarking, By Operating and Technical Parameters |
12 Company Profiles |
13 Recommendations |
14 Disclaimer |