Market Overview
The global Microfiber Yarns market is forecast to grow at a CAGR of 3.9% during the period 2023-2030. The report says that the increasing demand for microfiber yarns from the automotive and construction industries will be one of the major drivers for market growth. Microfiber yarns are made of ultra-fine fibers that are less than one denier in diameter. They are used in various applications such as apparel, upholstery, home furnishing, and industrial filtration.
Microfiber yarns are made from extremely fine fibers that are less than one denier in diameter. They can be made from a variety of materials including polyester, nylon, and polypropylene. Microfiber yarns have a wide range of applications including apparel, automotive, cleaning, and filters.The major drivers for the market growth are the increasing demand for microfiber yarns from the automotive and cleaning industries. Moreover, the growing popularity of activewear and sportswear is also fuelling market growth. However, the high cost of raw materials is restraining the market growth.
The global microfiber yarns market is segmented by type, end-use industry, and geography. By type, the market is divided into polyester microfiber yarns, nylon microfiber yarns, and polypropylene microfiber yarns. Polyester microfiber yarns are further sub-segmented into textured and non-textured types. By end-use industry, the market is classified into apparel, automotive, cleaning, filters & other industrial applications. Geographically, the market is divided into North America (US & Canada), Europe (Germany, France , UK & Rest of Europe), Asia Pacific (China , Japan , India , South Korea & Rest of Asia Pacific).
Market Drivers and Trends
1. The global microfiber yarns market is being driven by the increasing demand for high-performance fabrics. Microfiber yarns are made from extremely fine fibers that are much thinner than a human hair. This makes them ideal for use in high-performance fabrics such as sportswear and activewear. The properties of microfiber yarns, such as their lightweight, breathability, and moisture-wicking abilities, make them perfect for use in these garments.
2. The rising popularity of athleisure wear is also driving the demand for microfiber yarns. Athleisure is a trend where people wear athletic clothing as everyday casual wear. This trend has been growing in popularity in recent years, as people have become more health-conscious and active. The comfortable and functional properties of microfiber yarns make them ideal for use in athleisure wear.
3. Another driver of the microfiber yarns market is the increasing demand for sustainable fabrics. Consumers are becoming more aware of the impact their purchasing decisions have on the environment. They are looking for products that are made from sustainable materials that will not damage the environment. Microfiber yarns are made from recycled materials, which makes them a more sustainable option than other types of fabric.
Covid-19 Impact on Microfiber Yarns MarketThe ongoing COVID-19 pandemic conditions have severely affected every sector around the world. Whereas, the chemicals and materials sectors were moderately affected during the pandemic. This is primarily due to the uncut demand for chemicals for healthcare, life science, and cleaning agents. However, other elements of chemical and material sectors such as paints, industrial oil, construction materials are facing diminution in demand. Strict lockdown resulted in a nearly 50-60% reduction in supply for raw materials, which directly affected the manufacturing process. Further, halt on many end-use industries directly affected the chemical demand all around the world.
Report IncludesAn overview of the global Microfiber Yarns market, and related technologies and developments. Analyses of global market trends, with historical data from 2018, 2019, and 2020 estimates and projections of CAGRs through 2030. It also includes breakdowns of the overall Microfiber Yarns market along with various segments, and by geographic region. Analysis of the stakeholder value chain in the Microfiber Yarns market and comprehensive profiles of leading companies in the industry
Report ScopeThe report forecasts the size of the Microfiber Yarns market for components from 2023 through 2030
The Executive Summary provides a snapshot of key findings of the report. The introduction chapter includes research scope, market segmentation, research methodology, and definitions and assumptions. It involves extreme rigorous scientific methods, tools and techniques to estimate the market size. Exhaustive secondary research is being carried out to collect information related to the market, the parent market, and the peer market. Primary research is undertaken to validate the assumptions, findings, and sizing with the industry experts professionals across the value chain of the market. Both top-down and bottom-up approaches are employed to estimate the complete market size.
The chapter on market dynamics includes market drivers, restraints, and opportunities which helps familiarise with market potential and upcoming opportunities. The chapter on key insights includes emerging trends from major countries, latest technological advancement, regulatory landscape, SWOT analysis, and porters five forces analysis. This chapter provides a detailed insights of market which derives the market trends, changing phase of investments, scope of profit potential, and helps to take appropriate business decisions. The chapter on competitive analysis includes the profiling of leading companies in the global market to map the leading companies and their focus of interest in the market.
After deriving the market size from the market size estimation process, the total market has been split into several segments and sub-segments. To complete the overall market engineering process and arrive at the exact statistics for all segments and sub-segments, the data triangulation and market breakdown procedures is being used. The data triangulation is carried out by studying various factors and trends from demand and supply perspectives.
Segmentation AnalysisThe global microfiber yarns market is segmented based on product type, application, and region.
On the basis of product type, the microfiber yarns market is classified into two types: synthetic and natural. Synthetic microfibers are made from a variety of materials such as polyester, nylon, acrylic, etc., while natural microfibers are made from plant or animal sources.
Based on application, the microfiber yarns market is further categorized into five major applications: textile & apparel, automotive, filtration, wipes & mops, and others. Textile & apparel is the largest application segment of the microfiber yarns market owing to the growing demand for high-performance fabrics in this sector. Automotive is the second-largest application segment of the microfiber yarns market due to the increasing use of microfibers in automotive applications such as seat covers, upholstery, carpets, and others.
The global microfiber yarns market has been classified into seven regions: North America, Europe, Asia Pacific (APAC), Middle East & Africa (MEA), Central & South America (CSA), and Oceania. North America is estimated to be the largest market for microfiber yarns due to the high demand from end-use industries such as textile & apparel and automotive.
Global Microfiber Yarns Market Competitive Analysis:Key players in the Global Microfiber Yarns market are Аdіtуа Віrlа Yаrn, Наnіl Ѕуnthеtіс Fіbеr, Іndоrаmа, Ѕutlеј Техtіlеѕ аnd Іnduѕtrіеѕ, Сhеnаb Техtіlе Міllѕ, Ѕаdіq Grоuр, Ѕhаrmаn Wооllеn Міllѕ, Таеkwаng, аnd Gurtеkѕ Grоuр and among other players.
*All our reports are customizable as per customer requirementsThis study forecasts revenue and volume growth at global, regional, and country levels from 2018 to 2030. Global Microfiber Yarns market is distributed on the basis of the below-mentioned segments:
Global Microfiber Yarns market, By Type:
- White (100%) Acrylic Yarn
- White Acrylic Viscose Blended Yarn
- Colored (100%) Acrylic Yarn
- Colored Acrylic Viscose Blended Yarn
- Others
Global Microfiber Yarns market, By Application:
- Sweater
- Blanket
- Carpet
- Others
Global Microfiber Yarns market, By Region:
- North America
- Europe
- UK
- Germany
- France
- Italy
- Spain
- Rest of Europe
- Asia-Pacific
- Japan
- China
- India
- Australia
- South Korea
- Rest of Asia-Pacific
- South America
- Brazil
- Argentina
- Rest of South America
- Middle East and Africa
- GCC
- South Africa
- Rest of Middle East and Africa
List of Figures
Figure 1: Global Microfiber Yarns Market Revenue Breakdown (USD Billion, %) by Region, 2023 & 2030
Figure 2: Global Microfiber Yarns Market Value Share (%), By Segment 1, 2023 & 2030
Figure 3: Global Microfiber Yarns Market Forecast (USD Billion), by Sub-Segment 1, 2018-2030
Figure 4: Global Microfiber Yarns Market Forecast (USD Billion), by Sub-Segment 2, 2018-2030
Figure 5: Global Microfiber Yarns Market Value Share (%), By Segment 2, 2023 & 2030
Figure 6: Global Microfiber Yarns Market Forecast (USD Billion), by Sub-Segment 1, 2018-2030
Figure 7: Global Microfiber Yarns Market Forecast (USD Billion), by Sub-Segment 2, 2018-2030
Figure 8: Global Microfiber Yarns Market Forecast (USD Billion), by Sub-Segment 3, 2018-2030
Figure 9: Global Microfiber Yarns Market Forecast (USD Billion), by Others, 2018-2030
Figure 10: Global Microfiber Yarns Market Value Share (%), By Segment 3, 2023 & 2030
Figure 11: Global Microfiber Yarns Market Forecast (USD Billion), by Sub-Segment 1, 2018-2030
Figure 12: Global Microfiber Yarns Market Forecast (USD Billion), by Sub-Segment 2, 2018-2030
Figure 13: Global Microfiber Yarns Market Forecast (USD Billion), by Sub-Segment 3, 2018-2030
Figure 14: Global Microfiber Yarns Market Forecast (USD Billion), by Others, 2018-2030
Figure 15: Global Microfiber Yarns Market Value (USD Billion), by Region, 2023 & 2030
Figure 16: North America Microfiber Yarns Market Value Share (%), By Segment 1, 2023 & 2030
Figure 17: North America Microfiber Yarns Market Forecast (USD Billion), by Sub-Segment 1, 2018-2030
Figure 18: North America Microfiber Yarns Market Forecast (USD Billion), by Sub-Segment 2, 2018-2030
Figure 19: North America Microfiber Yarns Market Value Share (%), By Segment 2, 2023 & 2030
Figure 20: North America Microfiber Yarns Market Forecast (USD Billion), by Sub-Segment 1, 2018-2030
Figure 21: North America Microfiber Yarns Market Forecast (USD Billion), by Sub-Segment 2, 2018-2030
Figure 22: North America Microfiber Yarns Market Forecast (USD Billion), by Sub-Segment 3, 2018-2030
Figure 23: North America Microfiber Yarns Market Forecast (USD Billion), by Others, 2018-2030
Figure 24: North America Microfiber Yarns Market Value Share (%), By Segment 3, 2023 & 2030
Figure 25: North America Microfiber Yarns Market Forecast (USD Billion), by Sub-Segment 1, 2018-2030
Figure 26: North America Microfiber Yarns Market Forecast (USD Billion), by Sub-Segment 2, 2018-2030
Figure 27: North America Microfiber Yarns Market Forecast (USD Billion), by Sub-Segment 3, 2018-2030
Figure 28: North America Microfiber Yarns Market Forecast (USD Billion), by Others, 2018-2030
Figure 29: North America Microfiber Yarns Market Forecast (USD Billion), by U.S., 2018-2030
Figure 30: North America Microfiber Yarns Market Forecast (USD Billion), by Canada, 2018-2030
Figure 31: Latin America Microfiber Yarns Market Value Share (%), By Segment 1, 2023 & 2030
Figure 32: Latin America Microfiber Yarns Market Forecast (USD Billion), by Sub-Segment 1, 2018-2030
Figure 33: Latin America Microfiber Yarns Market Forecast (USD Billion), by Sub-Segment 2, 2018-2030
Figure 34: Latin America Microfiber Yarns Market Value Share (%), By Segment 2, 2023 & 2030
Figure 35: Latin America Microfiber Yarns Market Forecast (USD Billion), by Sub-Segment 1, 2018-2030
Figure 36: Latin America Microfiber Yarns Market Forecast (USD Billion), by Sub-Segment 2, 2018-2030
Figure 37: Latin America Microfiber Yarns Market Forecast (USD Billion), by Sub-Segment 3, 2018-2030
Figure 38: Latin America Microfiber Yarns Market Forecast (USD Billion), by Others, 2018-2030
Figure 39: Latin America Microfiber Yarns Market Value Share (%), By Segment 3, 2023 & 2030
Figure 40: Latin America Microfiber Yarns Market Forecast (USD Billion), by Sub-Segment 1, 2018-2030
Figure 41: Latin America Microfiber Yarns Market Forecast (USD Billion), by Sub-Segment 2, 2018-2030
Figure 42: Latin America Microfiber Yarns Market Forecast (USD Billion), by Sub-Segment 3, 2018-2030
Figure 43: Latin America Microfiber Yarns Market Forecast (USD Billion), by Others, 2018-2030
Figure 44: Latin America Microfiber Yarns Market Forecast (USD Billion), by Brazil, 2018-2030
Figure 45: Latin America Microfiber Yarns Market Forecast (USD Billion), by Mexico, 2018-2030
Figure 46: Latin America Microfiber Yarns Market Forecast (USD Billion), by Rest of Latin America, 2018-2030
Figure 47: Europe Microfiber Yarns Market Value Share (%), By Segment 1, 2023 & 2030
Figure 48: Europe Microfiber Yarns Market Forecast (USD Billion), by Sub-Segment 1, 2018-2030
Figure 49: Europe Microfiber Yarns Market Forecast (USD Billion), by Sub-Segment 2, 2018-2030
Figure 50: Europe Microfiber Yarns Market Value Share (%), By Segment 2, 2023 & 2030
Figure 51: Europe Microfiber Yarns Market Forecast (USD Billion), by Sub-Segment 1, 2018-2030
Figure 52: Europe Microfiber Yarns Market Forecast (USD Billion), by Sub-Segment 2, 2018-2030
Figure 53: Europe Microfiber Yarns Market Forecast (USD Billion), by Sub-Segment 3, 2018-2030
Figure 54: Europe Microfiber Yarns Market Forecast (USD Billion), by Others, 2018-2030
Figure 55: Europe Microfiber Yarns Market Value Share (%), By Segment 3, 2023 & 2030
Figure 56: Europe Microfiber Yarns Market Forecast (USD Billion), by Sub-Segment 1, 2018-2030
Figure 57: Europe Microfiber Yarns Market Forecast (USD Billion), by Sub-Segment 2, 2018-2030
Figure 58: Europe Microfiber Yarns Market Forecast (USD Billion), by Sub-Segment 3, 2018-2030
Figure 59: Europe Microfiber Yarns Market Forecast (USD Billion), by Others, 2018-2030
Figure 60: Europe Microfiber Yarns Market Forecast (USD Billion), by U.K., 2018-2030
Figure 61: Europe Microfiber Yarns Market Forecast (USD Billion), by Germany, 2018-2030
Figure 62: Europe Microfiber Yarns Market Forecast (USD Billion), by France, 2018-2030
Figure 63: Europe Microfiber Yarns Market Forecast (USD Billion), by Italy, 2018-2030
Figure 64: Europe Microfiber Yarns Market Forecast (USD Billion), by Spain, 2018-2030
Figure 65: Europe Microfiber Yarns Market Forecast (USD Billion), by Russia, 2018-2030
Figure 66: Europe Microfiber Yarns Market Forecast (USD Billion), by Rest of Europe, 2018-2030
Figure 67: Asia Pacific Microfiber Yarns Market Value Share (%), By Segment 1, 2023 & 2030
Figure 68: Asia Pacific Microfiber Yarns Market Forecast (USD Billion), by Sub-Segment 1, 2018-2030
Figure 69: Asia Pacific Microfiber Yarns Market Forecast (USD Billion), by Sub-Segment 2, 2018-2030
Figure 70: Asia Pacific Microfiber Yarns Market Value Share (%), By Segment 2, 2023 & 2030
Figure 71: Asia Pacific Microfiber Yarns Market Forecast (USD Billion), by Sub-Segment 1, 2018-2030
Figure 72: Asia Pacific Microfiber Yarns Market Forecast (USD Billion), by Sub-Segment 2, 2018-2030
Figure 73: Asia Pacific Microfiber Yarns Market Forecast (USD Billion), by Sub-Segment 3, 2018-2030
Figure 74: Asia Pacific Microfiber Yarns Market Forecast (USD Billion), by Others, 2018-2030
Figure 75: Asia Pacific Microfiber Yarns Market Value Share (%), By Segment 3, 2023 & 2030
Figure 76: Asia Pacific Microfiber Yarns Market Forecast (USD Billion), by Sub-Segment 1, 2018-2030
Figure 77: Asia Pacific Microfiber Yarns Market Forecast (USD Billion), by Sub-Segment 2, 2018-2030
Figure 78: Asia Pacific Microfiber Yarns Market Forecast (USD Billion), by Sub-Segment 3, 2018-2030
Figure 79: Asia Pacific Microfiber Yarns Market Forecast (USD Billion), by Others, 2018-2030
Figure 80: Asia Pacific Microfiber Yarns Market Forecast (USD Billion), by China, 2018-2030
Figure 81: Asia Pacific Microfiber Yarns Market Forecast (USD Billion), by India, 2018-2030
Figure 82: Asia Pacific Microfiber Yarns Market Forecast (USD Billion), by Japan, 2018-2030
Figure 83: Asia Pacific Microfiber Yarns Market Forecast (USD Billion), by Australia, 2018-2030
Figure 84: Asia Pacific Microfiber Yarns Market Forecast (USD Billion), by Southeast Asia, 2018-2030
Figure 85: Asia Pacific Microfiber Yarns Market Forecast (USD Billion), by Rest of Asia Pacific, 2018-2030
Figure 86: Middle East & Africa Microfiber Yarns Market Value Share (%), By Segment 1, 2023 & 2030
Figure 87: Middle East & Africa Microfiber Yarns Market Forecast (USD Billion), by Sub-Segment 1, 2018-2030
Figure 88: Middle East & Africa Microfiber Yarns Market Forecast (USD Billion), by Sub-Segment 2, 2018-2030
Figure 89: Middle East & Africa Microfiber Yarns Market Value Share (%), By Segment 2, 2023 & 2030
Figure 90: Middle East & Africa Microfiber Yarns Market Forecast (USD Billion), by Sub-Segment 1, 2018-2030
Figure 91: Middle East & Africa Microfiber Yarns Market Forecast (USD Billion), by Sub-Segment 2, 2018-2030
Figure 92: Middle East & Africa Microfiber Yarns Market Forecast (USD Billion), by Sub-Segment 3, 2018-2030
Figure 93: Middle East & Africa Microfiber Yarns Market Forecast (USD Billion), by Others, 2018-2030
Figure 94: Middle East & Africa Microfiber Yarns Market Value Share (%), By Segment 3, 2023 & 2030
Figure 95: Middle East & Africa Microfiber Yarns Market Forecast (USD Billion), by Sub-Segment 1, 2018-2030
Figure 96: Middle East & Africa Microfiber Yarns Market Forecast (USD Billion), by Sub-Segment 2, 2018-2030
Figure 97: Middle East & Africa Microfiber Yarns Market Forecast (USD Billion), by Sub-Segment 3, 2018-2030
Figure 98: Middle East & Africa Microfiber Yarns Market Forecast (USD Billion), by Others, 2018-2030
Figure 99: Middle East & Africa Microfiber Yarns Market Forecast (USD Billion), by GCC, 2018-2030
Figure 100: Middle East & Africa Microfiber Yarns Market Forecast (USD Billion), by South Africa, 2018-2030
Figure 101: Middle East & Africa Microfiber Yarns Market Forecast (USD Billion), by Rest of Middle East & Africa, 2018-2030
List of Tables
Table 1: Global Microfiber Yarns Market Revenue (USD Billion) Forecast, by Segment 1, 2018-2030
Table 2: Global Microfiber Yarns Market Revenue (USD Billion) Forecast, by Segment 2, 2018-2030
Table 3: Global Microfiber Yarns Market Revenue (USD Billion) Forecast, by Segment 3, 2018-2030
Table 4: Global Microfiber Yarns Market Revenue (USD Billion) Forecast, by Region, 2018-2030
Table 5: North America Microfiber Yarns Market Revenue (USD Billion) Forecast, by Segment 1, 2018-2030
Table 6: North America Microfiber Yarns Market Revenue (USD Billion) Forecast, by Segment 2, 2018-2030
Table 7: North America Microfiber Yarns Market Revenue (USD Billion) Forecast, by Segment 3, 2018-2030
Table 8: North America Microfiber Yarns Market Revenue (USD Billion) Forecast, by Country, 2018-2030
Table 9: Europe Microfiber Yarns Market Revenue (USD Billion) Forecast, by Segment 1, 2018-2030
Table 10: Europe Microfiber Yarns Market Revenue (USD Billion) Forecast, by Segment 2, 2018-2030
Table 11: Europe Microfiber Yarns Market Revenue (USD Billion) Forecast, by Segment 3, 2018-2030
Table 12: Europe Microfiber Yarns Market Revenue (USD Billion) Forecast, by Country, 2018-2030
Table 13: Latin America Microfiber Yarns Market Revenue (USD Billion) Forecast, by Segment 1, 2018-2030
Table 14: Latin America Microfiber Yarns Market Revenue (USD Billion) Forecast, by Segment 2, 2018-2030
Table 15: Latin America Microfiber Yarns Market Revenue (USD Billion) Forecast, by Segment 3, 2018-2030
Table 16: Latin America Microfiber Yarns Market Revenue (USD Billion) Forecast, by Country, 2018-2030
Table 17: Asia Pacific Microfiber Yarns Market Revenue (USD Billion) Forecast, by Segment 1, 2018-2030
Table 18: Asia Pacific Microfiber Yarns Market Revenue (USD Billion) Forecast, by Segment 2, 2018-2030
Table 19: Asia Pacific Microfiber Yarns Market Revenue (USD Billion) Forecast, by Segment 3, 2018-2030
Table 20: Asia Pacific Microfiber Yarns Market Revenue (USD Billion) Forecast, by Country, 2018-2030
Table 21: Middle East & Africa Microfiber Yarns Market Revenue (USD Billion) Forecast, by Segment 1, 2018-2030
Table 22: Middle East & Africa Microfiber Yarns Market Revenue (USD Billion) Forecast, by Segment 2, 2018-2030
Table 23: Middle East & Africa Microfiber Yarns Market Revenue (USD Billion) Forecast, by Segment 3, 2018-2030
Table 24: Middle East & Africa Microfiber Yarns Market Revenue (USD Billion) Forecast, by Country, 2018-2030
Research Process
Data Library Research are conducted by industry experts who offer insight on
industry structure, market segmentations technology assessment and competitive landscape (CL), and penetration, as well as on emerging trends. Their analysis is based on primary interviews (~ 80%) and secondary research (~ 20%) as well as years of professional expertise in their respective industries. Adding to this, by analysing historical trends and current market positions, our analysts predict where the market will be headed for the next five years. Furthermore, the varying trends of segment & categories geographically presented are also studied and the estimated based on the primary & secondary research.
In this particular report from the supply side Data Library Research has conducted primary surveys (interviews) with the key level executives (VP, CEO’s, Marketing Director, Business Development Manager
and SOFT) of the companies that active & prominent as well as the midsized organization
FIGURE 1: DLR RESEARH PROCESS
Primary Research
Extensive primary research was conducted to gain a deeper insight of the market and industry performance. The analysis is based on both primary and secondary research as well as years of professional expertise in the respective industries.
In addition to analysing current and historical trends, our analysts predict where the market is headed over the next five years.
It varies by segment for these categories geographically presented in the list of market tables. Speaking about this particular report we have conducted primary surveys (interviews) with the key level executives (VP, CEO’s, Marketing Director, Business Development Manager and many more) of the major players active in the market.
Secondary Research
Secondary research was mainly used to collect and identify information useful for the extensive, technical, market-oriented, and Friend’s study of the Global Extra Neutral Alcohol. It was also used to obtain key information about major players, market classification and segmentation according to the industry trends, geographical markets, and developments related to the market and technology perspectives. For this study, analysts have gathered information from various credible sources, such as annual reports, sec filings, journals, white papers, SOFT presentations, and company web sites.
Market Size Estimation
Both, top-down and bottom-up approaches were used to estimate and validate the size of the Global market and to estimate the size of various other dependent submarkets in the overall Extra Neutral Alcohol. The key players in the market were identified through secondary research and their market contributions in the respective geographies were determined through primary and secondary research.
Forecast Model
