ALL >> Business >> View Article
Aerospace Sector Boosts Demand For High-performance Synthetic Yarn: Insights Through 2029
![Profile Picture](https://www.123articleonline.com/images/avatar-default.jpg)
The synthetic yarn market is projected to grow USD 234.1 billion in 2024 and is projected to reach USD 300.5 billion by 2029, at a CAGR of 5.1% from 2024 to 2029. The demand for synthetic yarn from apparels & furnishing industry is increasing significantly due to the increase in urban population and rapid urbanization. The demand for apparel & home furnishing is rising due to changing fashion trends and lifestyles.
Request Sample Pages: https://www.marketsandmarkets.com/requestsampleNew.asp?id=234897557
Based on yarn type, the synthetic yarn market is segmented into filament yarn and spun yarn. In terms of value, and volume, filament yarn type dominated the market. The high market share is attributed to its availability in wide range of colors and variety of applications in various end-use industries. Filament yarn is used in various industries such as apparel & home furnishings, aerospace, automotive & transportation, electrical & electronics and industrial applications.
Based on fiber type, the synthetic yarn market is segmented into different types of fibers -Polyester, Nylon, Rayon/Viscose, ...
... Acrylic and others. In terms of value, and volume, polyester fiber type dominated the market. The high market share is attributed to its mechanical properties such as high strength, resilience, excellent durability, resistant to chemicals and quick drying properties. Polyester fiber widely used in apparel & home furnishings, industrial applications, and automotive & transportation industries.
Based on the applications, the global synthetic yarn market has been segmented into apparels & home furnishings, Aerospace, Automotive & transportation industries, electrical & electronics and industrial applications. Synthetic yarns are most widely used in the apparel & furnishing industry. This is because synthetic yarns are cost-effective and easy to care for when used for clothing and home textiles. High tenacity, High modulus, excellent stretchability and durability make them suitable to get used in various applications across the world.
Request Customization: https://www.marketsandmarkets.com/requestCustomizationNew.asp?id=234897557
Based on Region, Asia Pacific region is expected to grow with a highest CAGR, in terms of both value and volume, during the forecasted period 2024 to 2029. This region has well-established players in the synthetic yarn market. Many companies are focusing on advancement in technologies and shifting towards sustainability to cater to the growing demand for synthetic yarns across the world. Growth of apparel & home furnishing is boosting the market for synthetic yarns in the Asia Pacific region. Growth in various industries, such as aerospace, automotive & transportation and industrial applications drives the synthetic yarn market.
Synthetic Yarn Manufacturers:
Major players operating in the synthetic yarn market include Kuraray Co., Ltd. (Japan), Teijin Limited (Japan), Mitsubishi Chemical Corporation (Japan), DuPont (US), Toray Industries, Inc. (Japan), Zhejiang Hengyi Group Ltd. (China), Reliance industries Limited (India), Indorama Ventures Public company Limited (Thailand), Aksa Akrilik Kimya (Turkey), Lenzing Group (Austria), Eastman Chemical Company (US).
These companies have reliable manufacturing facilities, a strong focus on research & development and wide distribution networks across the world. These companies operate in various regions such as Asia Pacific, North America, Europe, Middle East & Africa and Latin America. The manufacturers have a strong global market presence, a well-established portfolio of a wide range of products, and strong business and growth strategies.
About MarketsandMarkets™
MarketsandMarkets™ has been recognized as one of America’s best management consulting firms by Forbes, as per their recent report.
MarketsandMarkets™ is a blue ocean alternative in growth consulting and program management, leveraging a man-machine offering to drive supernormal growth for progressive organizations in the B2B space. We have the widest lens on emerging technologies, making us proficient in co-creating supernormal growth for clients.
Earlier this year, we made a formal transformation into one of America's best management consulting firms as per a survey conducted by Forbes.
The B2B economy is witnessing the emergence of $25 trillion of new revenue streams that are substituting existing revenue streams in this decade alone. We work with clients on growth programs, helping them monetize this $25 trillion opportunity through our service lines - TAM Expansion, Go-to-Market (GTM) Strategy to Execution, Market Share Gain, Account Enablement, and Thought Leadership Marketing.
Built on the 'GIVE Growth' principle, we work with several Forbes Global 2000 B2B companies - helping them stay relevant in a disruptive ecosystem. Our insights and strategies are molded by our industry experts, cutting-edge AI-powered Market Intelligence Cloud, and years of research. The KnowledgeStore™ (our Market Intelligence Cloud) integrates our research, facilitates an analysis of interconnections through a set of applications, helping clients look at the entire ecosystem and understand the revenue shifts happening in their industry.
Contact:
Mr. Rohan Salgarkar
MarketsandMarkets™ INC.
630 Dundee Road
Suite 430
Northbrook, IL 60062
USA : 1-888-600-6441
Add Comment
Business Articles
1. Lawnmower Engines: Some Of The Basics In Understanding How They Work And How To Maintain Them In Chatham-kentAuthor: Denny Hawk
2. Keep Your Chainsaw Running Smoothly: Chatham-kent’s Leading Chainsaw Parts Repair Service
Author: Denny Hawk
3. Enhance Your Brand Visibility With Expert Signage Solutions In Auckland
Author: Tinting Experts
4. Driveworks Support - Design And Automation Services
Author: Design Automations
5. Professional Driveworks Training Course - Design Automation
Author: Design Automations
6. Driveworks Implementation Services - Design And Automation
Author: Design Automations
7. Why Kitchener Businesses Need Mobile Optimization For Seo Wins
Author: Vishal Sharma
8. Local Seo For London Businesses
Author: Mandreel
9. Navigating The Competitive Seo Landscape In London
Author: Mandreel
10. Miami Seo Company Solutions Designed To Grow Your Business
Author: Mandreel
11. The Power Of Miami Seo: How To Dominate Your Local Market
Author: Mandreel
12. Local Seo Strategies For Small Businesses In Toronto
Author: Mandreel
13. The Rise Of Tech Startups And The Role Of An Seo Agency In Toronto
Author: Mandreel
14. Emerging Trends In Ppc Advertising
Author: Mandreel
15. Ppc Management Strategies For Small Businesses In The Uk
Author: Mandreel