Kuraray Co., Ltd. (Japan) and Teijin Limited (Japan) are Leading Players in the Synthetic Yarn Market
The synthetic yarn market is projected to grow from USD 234.1 billion in 2024 to USD 300.5 billion by 2029, at a CAGR of 5.1% during the forecast period. The synthetic yarn has wide range of applications such as clothing, home textiles, aerospace components, automotive parts and other applications. The growing demand from apparels & home furnishings is driving the growth of synthetic yarn market across the globe. Synthetic yarn being cost effective as compared to natural fiber yarn is gaining demand in synthetic yarn market.
In comparison to natural fiber yarn, synthetic yarns are cheaper. They are available in wide range of colours, styles and textures. They are soft, light weight, strong and offers excellent durability. Another advantage is that synthetic yarns are resistant to wrinkle, chemicals and moisture. They are easy to care for and has quick drying property. Due to these properties, they are widely used in apparels & home furnishings, offering various clothing items and home textiles.
To know about the assumptions considered for the study download the pdf brochure
Some of the major manufacturers operating in the synthetic yarn market are 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), Aka Akrilik Kimya (Turkey), Lenzing Group (Austria), Eastman Chemical Company (US).
Many of the major players in the past few years have been adopting various growth strategies to strengthen their position in the global synthetic market. These growth strategies include agreements, product launches, contracts, collaborations, mergers & acquisitions, partnerships, and research and development activities aiming to expand their market presence in the synthetic yarn market even further.
Kuraray Co., Ltd. (Japan)
Kuraray Co., Ltd, is leading Japanese company that deals in the manufacturing of Chemicals, Fibers and other materials. The company operates under various business segments such as Vinyl acetate, Trading, Fibers, Textiles, Functional materials, Isoprene and others. The company is top leading manufacturer of filament yarn and spun yarn. They have 31 production facilities and 3 laboratories worldwide and maintains its strong foothold in North America, Europe and the Asia Pacific region.
Teijin Limited (Japan)
Teijin limited is one of the top leading manufacturer and seller of chemical products. They operate under various business segments such as Materials, Healthcare, Fibers & product converting, Information Technology and others. The company provides high quality and high-performance synthetic yarn products under the brand named Tenax. Teijin limited is spread across globally and maintains its geographical presence in North America, Europe and the Asia Pacific region, covering 20 countries.
Related Reports:
Synthetic Yarn Market by Yarn type (Filament Yarn and Spun Yarn), Fiber Type (Polyester, Nylon, Rayon, Acrylic), End-Use Industries (Apparels & home furnishings, Aerospace, Automotive & transportation, Industrial), and Region - Global Forecast to 2029
Contact:
Mr. Aashish Mehra
MarketsandMarkets™ INC.
630 Dundee Road
Suite 430
Northbrook, IL 60062
USA : 1-888-600-6441
[email protected]
This FREE sample includes market data points, ranging from trend analyses to market estimates & forecasts. See for yourself.
SEND ME A FREE SAMPLE
