New StrategyR Study Finds Global Market Of 59.3 Million Tons Of Yarn By 2026
FACTS AT A GLANCE
Editing: 8; Posted: April 2021
Executive pool: 804
Companies: 53 – Players covered include Aarti International Ltd .; Society of the New Century of the Far East; Huvis; Hyosung Group; Nitin Spinners Limited; Reliance Industries Limited; Trident Group; Zhejiang Hailide New Material Co., Ltd .; Zhejiang Unifull Industrial Fiber Co., Ltd. and others.
Blanket: All major geographies and key segments
Segments: Product segment (cotton, polyester, cellulosic, acrylic / modacrylic, wool)
Geographies: World; United States; Canada; Japan; China; Europe (France; Germany; Italy; UK; Spain; Russia; and rest of Europe); Asia Pacific (Australia; India; South Korea; and rest of Asia Pacific); Latin America (Argentina; Brazil; Mexico; and rest of Latin America); Middle East (Iran; Israel; Saudi Arabia; United Arab Emirates; and rest of Middle East); and Africa.
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Global Spun Yarn Market To Reach 59.3 Million Tons By 2026
Amid the COVID-19 crisis, the global yarn market, estimated at 52.5 million tonnes in 2020, is expected to reach a revised size of 59.3 million tonnes by 2026, growing at a CAGR 2% over the analysis period. Cotton, one of the segments analyzed in the report, is expected to register a CAGR of 1.9% and reach 34.8 million tonnes by the end of the analysis period. After a thorough analysis of the business implications of the pandemic and the induced economic crisis, the growth of the Polyester segment is readjusted to a revised CAGR of 2.5% for the next 7 year period.
The US market is estimated at 14.5 million tonnes in 2021, while China is expected to reach 11.3 million tonnes by 2026
The yarn market in the United States is estimated at 14.5 million tonnes in 2021. China, the world’s second-largest economy, is expected to reach a projected market size of 11.3 million tonnes by 2026, with a CAGR of 3.8% over the analysis period. Other notable geographic markets include Japan and Canada, each forecasts growth of 0.3% and 1.4% respectively over the period of analysis. In Europe, Germany is expected to grow at around 0.8% CAGR.
The cellulosic segment will reach 4.1 million tonnes by 2026
In the global Cellulosics segment, United States, Canada, Japan, China and Europe will lead to the estimated 1.5% CAGR for this segment. These regional markets representing a combined market size of 2.8 million tonnes in 2020 will reach a projected size of 3.1 million tonnes by the end of the analysis period. China will remain among the most dynamic of this group of regional markets. Following
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