Synthetic Yarn Market Size, Share, and Growth Forecast to 2031 | Indus
The global synthetic yarn market has emerged as a vital segment of the textile and apparel industry, driven by rising demand for durable, cost-effective, and high-performance fibers across multiple end-use applications. Synthetic yarns—manufactured from petrochemical-based polymers such as polyester, nylon, acrylic, and polypropylene—offer superior strength, elasticity, wrinkle resistance, and moisture management compared to natural fibers.
According to recent market estimates, the global synthetic yarn market size was valued at USD 25.78 billion in 2023, which is estimated to reach USD 27.17 billion in 2024 and is projected to grow significantly to USD 47.03 billion by 2031, expanding at a compound annual growth rate (CAGR) of 8.15% from 2024 to 2031. This robust growth is attributed to increasing textile consumption, rapid industrialization, technological advancements in fiber manufacturing, and growing adoption of synthetic yarn in fashion, home textiles, automotive, and industrial applications.
Synthetic Yarn Market: Key Highlights
- The market is witnessing steady growth due to rising demand from the apparel, home furnishing, and industrial textiles sectors.
- Polyester yarn dominates the market owing to its low cost, durability, and wide applicability.
- Growing preference for lightweight, wrinkle-resistant, and easy-care fabrics is boosting synthetic yarn adoption globally.
- Asia-Pacific holds the largest market share, driven by large-scale textile manufacturing in China, India, and Southeast Asia.
- Technological innovations such as recycled synthetic yarns and high-performance fibers are reshaping market dynamics.
- Sustainability initiatives and circular economy practices are influencing product development strategies.
Synthetic Yarn Market Drivers and Emerging Trends to 2031
The synthetic yarn market is being propelled by the rapid expansion of the global textile and apparel industry. Increasing urbanization, population growth, and changing consumer lifestyles have resulted in higher consumption of ready-to-wear clothing and home textiles. Synthetic yarns are widely preferred by manufacturers due to their cost efficiency, consistent quality, and scalability in mass production.
Additionally, rising demand for technical and functional textiles in sectors such as automotive, construction, healthcare, and sportswear is accelerating market growth. Synthetic yarns offer enhanced properties such as abrasion resistance, flame retardancy, UV resistance, and chemical stability, making them suitable for specialized applications.
Market Drivers
One of the primary drivers of the synthetic yarn market is the cost advantage over natural fibers. Synthetic yarns are less dependent on climatic conditions and agricultural cycles, ensuring stable supply and predictable pricing. This reliability makes them highly attractive to textile manufacturers.
The booming fast fashion industry is another key growth factor. Fast fashion brands rely heavily on synthetic yarns to produce trendy, affordable, and durable garments within short production cycles. Polyester and nylon yarns, in particular, are extensively used due to their versatility and ease of dyeing.
Rapid industrialization in emerging economies has also increased demand for industrial textiles, including ropes, conveyor belts, safety nets, geotextiles, and filtration fabrics, all of which rely heavily on synthetic yarns.
Emerging Trends
Sustainability is emerging as a major trend in the synthetic yarn market. Manufacturers are increasingly focusing on recycled synthetic yarns, especially recycled polyester (rPET) made from post-consumer plastic bottles. This shift is driven by environmental concerns, regulatory pressure, and growing consumer preference for eco-friendly textiles.
Technological advancements such as microfiber yarns, textured yarns, and high-tenacity yarns are enhancing fabric performance and expanding application areas. Innovations in spinning and extrusion technologies are enabling manufacturers to produce yarns with improved strength, softness, and moisture-wicking capabilities.
Why This Report Stands Out?
This comprehensive synthetic yarn market analysis provides a detailed evaluation of market size, growth trends, key drivers, challenges, and competitive dynamics. The report delivers actionable insights for textile manufacturers, raw material suppliers, investors, and policymakers.
By offering in-depth segmentation analysis and regional outlooks, the report helps stakeholders identify high-growth opportunities and develop effective market entry or expansion strategies. The study also highlights the impact of sustainability initiatives and technological advancements on the future trajectory of the market.
Who Are the Largest Global Manufacturers in the Synthetic Yarn Market?
The synthetic yarn market is moderately fragmented, with the presence of several global and regional players focusing on capacity expansion, product innovation, and strategic collaborations.
Some of the leading companies operating in the global synthetic yarn market include:
- Reliance Industries Limited
- Indorama Ventures Public Company Limited
- Toray Industries, Inc.
- Far Eastern New Century Corporation
- Hyosung Corporation
- Alpek S.A.B. de C.V.
- Bombay Dyeing & Manufacturing Company
- Sinopec Yizheng Chemical Fibre Company
- Nilit Ltd.
- Tongkun Group Co., Ltd.
These players are investing in advanced manufacturing technologies, recycled yarn production, and sustainable sourcing to strengthen their competitive position.
What Are the Factors Driving the Growth of the Global Synthetic Yarn Market?
The growth of the synthetic yarn market is driven by its extensive applications across diverse industries.
By Product Type:
- Polyester Yarn
- Nylon Yarn
- Acrylic Yarn
- Polypropylene Yarn
- Others
By Application:
- Apparel
- Home Textiles
- Industrial Textiles
- Automotive Textiles
- Others
By End User:
- Textile Manufacturers
- Apparel Brands
- Industrial Fabric Producers
Among these, the apparel segment accounts for the largest market share, while industrial textiles are expected to witness the fastest growth during the forecast period.
Synthetic Yarn Market Future Scope, Trends, and Forecast (2024–2031)
The future outlook for the synthetic yarn market remains highly optimistic. Rising demand for performance fabrics, smart textiles, and sustainable materials is expected to create new growth avenues. Continuous innovation in polymer science and yarn engineering will further enhance product differentiation.
Emerging economies are likely to play a crucial role in market expansion due to increasing textile exports, favorable government policies, and growing domestic consumption. Moreover, the integration of automation and digitalization in textile manufacturing is expected to improve production efficiency and reduce operational costs.
As environmental regulations become more stringent, manufacturers adopting eco-friendly production processes and recycled raw materials will gain a competitive advantage.
Which Regions Are Leading the Global Synthetic Yarn Market?
Asia-Pacific
- China
- India
- Japan
- South Korea
- Southeast Asia
Asia-Pacific dominates the global market due to its strong textile manufacturing base, availability of raw materials, and low production costs.
North America
- United States
- Canada
Growth in this region is supported by rising demand for technical textiles and sustainable apparel.
Europe
- Germany
- Italy
- France
- United Kingdom
Europe focuses heavily on innovation, quality, and sustainability in synthetic yarn production.
Latin America
- Brazil
- Mexico
Middle East & Africa
- UAE
- Saudi Arabia
- South Africa
These regions are gradually emerging as growth markets due to expanding textile industries and increasing investments.
Kings Research Says
The global synthetic yarn market is set to witness strong growth over the coming years, supported by rising textile demand, expanding industrial applications, and continuous technological innovation. As sustainability becomes a key industry focus, recycled and eco-friendly synthetic yarns are expected to gain significant traction.
Kings Research highlights that companies investing in advanced fiber technologies, sustainable production practices, and capacity expansion in emerging markets will be well-positioned to capitalize on future growth opportunities in the global synthetic yarn market.
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