Polypropylene Yarn Market to Exhibit 5% CAGR Over 2019-2029
Preferred for its lightweight, cost-effective, and hygienic attributes, polypropylene yarn is becoming commonplace in the textile industry, worldwide. Expanding at a healthy CAGR, the global polypropylene yarn market will increase nearly 1.7 over 2019-2029. Although the market is subject to periodic fluctuations, paradigm shift towards non-toxic raw materials and low carbon footprint approach to address the ecological burden are expected to sustain market growth throughout the forecast period. This FMI study further highlights that, manufacturers are shifting their production units to developing regions, given the availability of economical labour in these regions.
Polypropylene Yarn Market - Key Research Findings
- The global polypropylene yarn market will cross the US$ 20 Bn mark in 2026.
- On the back of surging demand for sustainable products, the market is expected to register a CAGR of 5% over the forecast period (2019-2029).
- PP multifilament yarns continue to define stakeholders’ bottom lines; PP monofilament yarns to see dip in their adoption.
- Adoption in industrial textiles will remain high throughout the foreseeable timeframe; sports accessories and ancillaries to offer lucrative growth potential.
- A paradigm shift toward lightweight, cost-efficient, and hygienic products, in order to achieve sustainability, plays a major role in revenue growth.
- East Asia remains in the vanguard of the global polypropylene yarn market; Europe likely to witness gradual growth.
Key Factors Shaping Polypropylene Yarn Market
High Demand for PP Multifilament Yarns
PP multifilament yarns offer several advantages such as high impact resistance, simple production process, excellent electrical insulation, and high tenacity. They can be blended with myriads of fibers to form different kinds of blended fabrics. As such, market players continue to allocate their resources substantially to PP multifilament yarns. Such factors are enabling the broader adoption of PP multifilament yarns as a fiber material in the sphere of industrial yarn.
Construction Industry to Offer White Spaces
Polypropylene yarns are used in concrete mix designs for self-compacting concrete and rigid pavements. Moreover, they find immense use as a reinforcing agent that is blended with the concrete to curb shrinkage and control cracking in construction applications. Polypropylene yarns are coming up as favorable alternatives to unsustainable materials in the construction industry, owing to their technical and cost advantages over traditional materials. Market players must thus look forward to uncover new revenue lines in the construction sector for various refractory applications.
Production Capacity to Falter Amidst Coronavirus Pandemic
The coronavirus (COVID-19) pandemic has put huge pressure on textile, apparel, and polyester industries all over the world. Large-scale lockdowns and social distancing are resulting in logistical disturbances, which, if continue any longer, would hit the profits of polypropylene yarn manufacturers. The polypropylene yarn market is capital- and labor-intensive. As such, workflow paralysis and declining downstream production would push the market into a corner in the coming years.
Polypropylene Yarn Market Structure Analysis
- Number of players capturing share in the global polypropylene yarn market is growing with each subsequent year.
- Tier-1 players are surging their investments in R&D projects and product customization.
- Key market players such as SWM are focusing on the expansion of their product footprint.
- Shifting production units to developing regions, given the availability of cheap labor, remains the primary focus of prominent manufacturers.
Market Value in 2019
US$ 14.2 Bn
Product Type, Application
North America, Latin America, Europe, East Asia, South Asia, Oceania, MEA
SWM, Daman Polythread Ltd., Polisilk S.A, William Barnet & Son, SAPY, Bonar Yarns, Lankhorst Yarns, Ponsa, Chemosvit A.S., Thrace Group, Shin Shun Co. Ltd., Shanghai Yishi Industrial Co. Ltd., Changzhou Lingda Special Fiber Co. Ltd., Dongguan New Poly Fiber Products Co. Ltd.
PP Multifilament Yarns Stay In-demand
PP multifilament yarns carry umpteen benefits such as high tenacity, simple production process, excellent electrical insulation, and impact resistance. As they can be mixed with a multitude of fibers to develop various types of blended fabrics, market players continue to invest substantially in PP multifilament yarns. Such factors are making these yarns a highly sought-after fiber material in the field of industrial yarn. By 2020, PP multifilament yarn worth over US$ 10 Bn would be utilized in the textile industry.
Opportunities Prevail in East Asia and Europe
East Asia is characterized by the strong presence of textile manufacturers and availability of cheap labour. Manufacturers are emphasizing on customization of polypropylene yarn as per specific applications. In addition, the East Asia polypropylene yarn market is witnessing a production surge of apparel such as sportswear, thermal wear, and active wear. By 2029, the regional market will register nearly two-fold revenue growth. Manufacturers are also targeting Europe for meaningful value-capture opportunities. Countries - Belgium, the Netherlands, and Spain - are the primary consumers as well as importers of polypropylene yarn.
* This data is only a representation. Actual data may vary and will be available in report.
Construction Industry to Offer Further Investment Prospects
Polypropylene yarns are leveraged in concrete mix designs for rigid pavement and self-compacting concrete. In addition, they find utilization as a reinforcing agent, which is mixed with the concrete to decrease shrinkage and control cracking in construction work. Polypropylene yarns are emerging as a desirable alternative to unsustainable materials in the construction industry, given their cost and technical benefits over conventional substrates. Manufacturers are thus focusing on uncovering new revenue lines in the construction sector for a various of refractory applications.
PP multifilament yarn holds leading revenue share
PP monofilament yarn to see decline in adoption
High usage in industrial textiles
Application in sports accessories and ancillaries to rise
How Growth will Unfold
Industrial textiles would remain the key application area of polypropylene yarn, and procure over one-third of overall market stack. Rising inclination towards personal protective equipment in the manufacturing sector, driven by uptight regulations regarding personnel safety, is propelling the adoption of polypropylene yarn in industrial textiles. Manufacturers are also citing potential investment opportunities in sports accessories and ancillaries, wherein, polypropylene yarn worth over US$ 3 Bn will be utilized for the manufacturing of sportswear and blazers by 2029.
* This data is only a representation. Actual data may vary and will be available in report.Click Here To Know How The Growth Will Unfold
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A recent market study published by FMI on the polypropylene yarn market includes global industry analysis of 2014-2018 and opportunity assessment for 2019-2029, and delivers a comprehensive assessment of the most important market dynamics. After conducting thorough research on the historic as well as current growth parameters of the polypropylene yarn market, the growth prospects of the market are obtained with maximum precision.
Polypropylene Yarn Market Taxonomy
The global polypropylene yarn market is segmented in detail to cover every aspect of the market and present a complete market intelligence approach to the readers.
- PP Multifilament
- PP Monofilament
- Industrial Textiles
- Home Textiles
- Sports Accessories and Ancillaries
- Active Wear
- Thermal Underwear
- North America
- Latin America
- East Asia
- South Asia
- Middle East & Africa
The report begins with the executive summary of the polypropylene yarn market, which includes a summary of key statistics and findings of the market. It also includes supply and demand-side trends related to the polypropylene yarn market.
Readers can find the definition and a detailed taxonomy of the polypropylene yarn market in this chapter, which will help them understand the basic information about the market. Along with this, comprehensive information pertaining to polypropylene yarn and their properties are provided in this section. This section also highlights the inclusions and exclusions, which helps readers to understand the scope of the polypropylene yarn market report.
The polypropylene yarn market report provides key market trends that are projected to considerably impact the market growth during the forecast period. Detailed industry trends are also offered in this section.
This section includes key success factors and strategies adopted by key market players.
This section explains the global market volume analysis and forecast for the polypropylene yarn market during the forecast period of 2019-2029. This chapter also includes a detailed analysis of the historical market.
In this section, pricing analysis of the polypropylene yarn market by product type at THE regional level has been provided.
This section explains the global market value analysis and forecast for the polypropylene yarn market during the forecast period of 2019-2029. This chapter provides a detailed analysis of the historical market, along with an opportunity analysis of the future. Readers can also find the absolute $ opportunity for the current year (2019), and an incremental $ opportunity for the forecast period (2019-2029).
This chapter explains the key macro-economic factors that are projected to influence the growth of the polypropylene yarn market during the forecast period. Along with the macroeconomic factors, this section also highlights the value chain, forecast and relevance factors, and value chain analysis for the polypropylene yarn market. Moreover, in-depth information about the market dynamics and impact analysis on the market have been provided in the successive section.
On the basis of product type, the polypropylene yarn market is segmented PP multifilament and PP monofilament. In this chapter, readers can find information about the key trends and developments in the market and market attractiveness analysis based on the product type.
On the basis of application, the polypropylene yarn market is segmented into construction materials, industrial textiles, home textiles, sports accessories & ancillaries, and others. In this chapter, readers can find information about the key trends and developments in the polypropylene yarn market and market attractiveness analysis based on the Application
This chapter explains how the polypropylene yarn market will grow across various geographic regions such as North America, Latin America, Europe, South Asia, East Asia, Oceania, and the Middle East & Africa (MEA).
This chapter includes a detailed analysis of the growth of the North America polypropylene yarn market, along with a country-wise assessment that includes the U.S. and Canada. Readers can also find the pricing analysis and market growth based on product type and application in North America.
This chapter provides the growth scenario of the polypropylene yarn market in Latin American countries such as Brazil, Mexico, and the Rest of Latin America. Along with this, assessment of the market across target segments has been provided.
Important growth prospects of the polypropylene yarn market based on its application in several countries such as Germany, Italy, the U.K., France, Spain, Russia, BENELUX, and the Rest of Europe are included in this chapter.
This chapter highlights the growth of the polypropylene yarn market in East Asia by focusing on China, Japan, and South Korea. This section also helps readers to understand the key factors that are responsible for the growth of the market in East Asia.
India, Indonesia, Thailand, Malaysia, and the Rest of South Asia are the prominent countries in the South Asia region that are the prime subjects of assessment to obtain the growth prospects of the South Asia polypropylene yarn market. In this chapter, readers can find detailed information about the growth parameters of the South Asia Pacific market during the forecast period of 2019-2029.
This chapter provides information about how the polypropylene yarn market is expected to grow in major countries in the MEA region such as GCC Countries, South Africa, Northern Africa, Turkey, and the Rest of MEA, during the forecast period of 2019-2029.
This chapter provides information about how the polypropylene yarn market is anticipated to grow in major countries of the Oceania region, such as Australia and New Zealand, during the forecast period of 2019-2029.
In this chapter, readers can find detailed information about the tier analysis and market concentration of key players in the polypropylene yarn market, along with their market presence analysis by region and product portfolio.
In this chapter, readers can find a comprehensive list of all the prominent stakeholders in the polypropylene yarn market, along with detailed information about each company, which includes company overview, revenue shares, strategic overview, and recent company developments. Some of the market players featured in the report are SWM, Daman Polythread Ltd., Polisilk S.A, William Barnet & Son, SAPY, Bonar Yarns, Lankhorst Yarns, Ponsa, Chemosvit A.S., Thrace Group, Shin Shun Co., Ltd., Shanghai Yishi Industrial Co., Ltd., Changzhou Lingda Special Fiber Co,. Ltd., and Dongguan New Poly Fiber Products Co., Ltd. among others.
This chapter includes a list of acronyms and assumptions that provide a base to the information and statistics included in the polypropylene yarn market report.
This chapter helps readers understand the research methodology followed to obtain various conclusions as well as important qualitative and quantitative information about the polypropylene yarn market.
How the research was conducted?
- C - Level Executives
- Marketing Directors
- Product Managers
- Business Development Officers
- Production Managers
- Procurement Heads
- Sales Executives
- Raw Material Suppliers
- Industry Experts
- End Users
- Current market dynamics and challenges
- Yesteryear trends
- Market characteristics
- Market performance and growth quadrants
- Competition structure and market structure
- Strategic growth initiatives
- Near-term and long-term market growth prospects
- Market segment splits and authenticity
- Opinions on market projections and validity of assumptions
- Industry Publications
- Industry Associations
- Company Press Releases
- Annual Reports and Investor Presentations
- Research Papers
- Government Websites and Publications
- Trade Websites
Primary Interview Splits