The Synthetic Yarn market is valued at roughly USD 230 billion dollars in 2024.and it is poised to reach over USD 300 billion by 2034, registering a CAGR of 5.1% between 2025 and 2034.
Synthetic yarn refers to yarn made from man-made or semi-man-made fibers, often derived from chemicals like petroleum or coal, as opposed to natural fibers from plants or animals. These yarns are created through chemical processes that combine small molecules into long chains called polymers, which are then extruded and spun into yarn.
Synthetic yarns are often more durable, resistant to water, stains, and chemicals, and can be dyed and blended easily and are commonly utilised in the textile industry due to its durability, resistance to shrinking, and cost-effectiveness compared to natural fibers like cotton or wool. It is also versatile, available in a range of textures and finishes, making it suitable for a variety of applications, from clothing and home furnishings to industrial uses.
Asia Pacific is the largest market accounting for over 80% of the global synthetic yarn market. China stands first in the regional and global synthetic yarn market with a market share of 70%. The expansion of textile manufacturing in other countries like India, Vietnam, and Bangladesh has also contributed to the regional synthetic yarn market growth.
Countries in Asia Pacific have seen increased investments in synthetic yarn production, driven by rising consumer demand for affordable, durable, and versatile textiles. Moreover, the growing middle-class population and changing consumer preferences in these nations have led to a higher demand for a variety of synthetic yarn-based products, including apparel, home textiles, and industrial textiles.
Synthetic Yarn Market Segmentation
Synthetic Yarn market is segmented into Yarn Type, Fiber Type and Applications. In terms of Yarn type the market is divided into Filament Yarn and Spun Yarn. Filament yarn held the largest market share, attributed to its advantages over spun yarns, such as reduced fabric pilling and enhanced durability. Filament yarns are produced by extruding polymers through spinnerets, resulting in smooth, lightweight, and versatile threads. They are widely used across various industries, including apparel, home furnishings, aerospace, automotive, electrical, and industrial applications.
Filament yarns are dominant in sectors such as automotive and aerospace, where materials need to withstand extreme stress, temperature fluctuations, and even exposure to harsh chemicals. For example, filament yarns are used in the production of durable fabrics for seat covers, airbags, and upholstery in automobiles. In the aerospace industry, they are used for applications like reinforcement fabrics in aircraft interiors, where both durability and lightweight characteristics are significant.
In terms of synthetic yarn demand by fiber type, the market is divided into Polyester, Nylon, Acrylic and Others. Polyester accounts for more than 50% of the synthetic yarn market, followed by Nylon and Acrylic together accounting for around 30% of the market. Polyester's superior characteristics which include its exceptional durability, excellent color retention, low moisture absorption, and resistance to wrinkles and shrinkage, make it a highly desirable material for a wide range of applications, such as apparel, home textiles, and industrial products. Its cost-effectiveness and versatile performance have reinforced its position as the leading fiber type in the synthetic yarn market.
Asia Pacific is the main market for polyester yarn, on the back of China, India, Indonesia, South Korea and Taiwan. India produces almost all the types of yarn fibers, such as polyester, nylon, acrylic and currently the country stands as the 2nd largest polyester manufacturer globally.
Synthetic yarn applications include Textile, Automotive, Aerospace, Industrial and Others. Textile is the largest application in the synthetic yarn market, they are used extensively for clothing, upholstery, carpets, and activewear, offering benefits like wrinkle resistance, durability, and easy maintenance.
The automotive industry uses synthetic yarns in components such as seating fabrics, interior linings, and airbags, where their lightweight yet strong properties contribute to vehicle efficiency and safety. The aerospace sector consumes synthetic yarns in the manufacturing of lightweight and durable fabrics for cabin interiors, parachutes, and aircraft insulation, helping reduce weight while maintaining high-performance standards. In industrial applications, synthetic yarns are used for ropes, cables, and technical fabrics, where strength and resistance to harsh environments are crucial. Additionally, they have niche uses in other sectors such as medical textiles, military, and sports equipment, demonstrating their adaptability and wide-ranging utility in various applications.
Key manufacturers operating in the global Synthetic Yarn market include Reliance Industries Limited, Indorama Ventures Public Company Limited, Avika Textiles, Royal Embroidery Threads Pvt Ltd., Appl Industries Limited, Witmans Industries Pvt. Ltd., Maheshwari Textiles, Kuraray Co., Ltd., DuPont, Grasim Industries Limited, Bombay Dyeing, Indian Acrylics Limited, Giant, Vardhman Textiles Limited, and Fileatex India Limited
Reliance Industries Limited is the largest polyester yarn manufacturer globally with a production capacity of 2500 kilo tons located in Gujarat, India.
Key developments in synthetic yarn market
The prices of polyester filament yarn have been in a slight increasing trend from October 2023 to September 2024 in China due to the recovery in demand as the global textile market begins to stabilize post-pandemic, with manufacturers adjusting their pricing strategies to align with fluctuating raw material costs. The process ranged between 1100 USD/ton to 1230 USD/ton. For Acrylic yarns, the average price for China in 2023 was 1970 USD/ton, which has increased by 0.73% to 1980 USD/ton in 2024.
Textile businesses in Southeast Asia are facing uncertainty due to US President Donald Trump's "reciprocal tariffs." This trade disruption poses a significant threat to the global garment manufacturing industry, as Southeast Asia is a key hub for textile production. Countries like China, Vietnam, and Bangladesh could face reduced profits, higher production costs, and potential supply chain disruptions if they are hit with higher tariffs on exports.
The tariffs come as countries around the world consider how to respond to Trump’s decision to impose taxes ranging from 10% to as high as 50% on goods from various nations, which could lead to a decrease in demand for their textiles. Moreover, the uncertainty surrounding these tariffs makes it difficult for businesses to plan effectively, potentially leading to a negative impact on the synthetic yarn market.
Driver: Rising demand from various end use industries
Synthetic yarns, such as polyester and nylon, are widely used across multiple industries due to their durability, strength, and versatility. These properties make them ideal for use in diverse products, including apparel, upholstery, and outdoor gear. Synthetic yarns are typically less expensive to produce than natural fibers like cotton or wool. Their mass production and lower raw material costs contribute to making them affordable, which drives their demand in the textile industry, especially for mass-market products.
The affordability of synthetic yarns is one of the primary factors driving their demand. Compared to natural fibers like cotton or wool, synthetic yarns are cost-effective due to lower raw material costs, mass production capabilities, and energy-efficient manufacturing processes. Polyester yarns can be produced from recycled PET bottles, contributing not only to cost savings but also to sustainability.
Restraint: Fluctuating Raw Material prices
Synthetic yarns are derived from petrochemical sources, which contribute to environmental pollution making them susceptible to crude oil price fluctuations, which directly impact raw material costs and can lead to price instability for manufacturers and consumers. Apart from the raw material prices, synthetic yarn’s non-biodegradability and the release of microplastics during washing create significant environmental challenges, affecting consumer demand and regulatory pressure.
Note: Demand Analysis has been provided for all major Regions / Countries as mentioned below. The demand(consumption) split by yarn type, fiber type, application has been provided for each of the countries/regions in Volume (Kilotons) and Value (USD Million).
Note: CAGR will be calculated for all the applications to arrive at the regional/global demand growth for the forecast period (2025W – 2034)
Note: This section includes company information, company financials, manufacturing bases, and operating regions. Company financials have been mentioned only for those companies where financials were available in SEC Filings, annual reports, or company websites. All the reported financials in this report are in U.S. Dollars. Financials reported in other currencies have been converted using average currency conversion rates. Company profiles may include manufacturers, suppliers, and distributors.
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