Synthetic Yarn Market Estimated to Reach $300.5 billion by 2029 Globally, at a CAGR of 5.1%, says MarketsandMarkets™
Chicago, June 27, 2024 (GLOBE NEWSWIRE) -- The Global Synthetic Yarn Market is projected to grow USD 234.1 billion in 2024 and is projected to reach USD 300.5 billion by 2029, at a CAGR of 5.1% from 2024 to 2029 , as per the recent study by MarketsandMarkets . The demand for synthetic yarn from apparel & furnishing industry is increasing significantly due to increase in urban population and rapid urbanization. The demand for apparels & home furnishing is rising due to changing fashion trends and lifestyles. Download PDF Brochure: https://www.marketsandmarkets.com/pdfdownloadNew.asp?id=234897557 Browse in-depth TOC on "Synthetic Yarn Market" 202- Market Data Tables 63- Figures 251- Pages List of Key Players in Synthetic Yarn Market : 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) Aksa Akrilik Kimya (Turkey) Lenzing Group (Austria) Eastman Chemical Company (US) Others Drivers, Restraints, Opportunities and Challenges in Synthetic Yarn Market: Drivers: Growing demand for fast fashion trend Restraints : Increasing competition from natural fiber yarn Opportunity: Growing demand for eco-friendly products Challenge: Increasing environmental regulations and standards Get Sample Pages: https://www.marketsandmarkets.com/requestsampleNew.asp?id=234897557 Key Findings of the Study: Filament yarn type accounted for the largest market share in 2023, in terms of value.
https://www.benzinga.com/pressreleases/24/06/g39539775/synthetic-yarn-market-estimated-to-reach-300-5-billion-by-2029-globally-at-a-cagr-of-5-1-says-mark