The Synthetic Yarn Market is forecast to grow from USD 234.1 billion in 2024 to USD 300.5 billion by 2029, at a CAGR of 5.1%, according to a new market research report. Synthetic yarns, produced from fibers like polyester, nylon, rayon, and acrylic, are increasingly in demand due to their high strength, durability, and broad application across industries.
These yarns are classified into two main types: Filament Yarn and Spun Yarn, and are extensively used in sectors such as apparel, home furnishings, automotive, aerospace, and industrial applications.
Asia Pacific is leading the market in volume, backed by growing urbanization, consumer spending, and low-cost manufacturing, making it a hub for key industry players. Companies like DuPont, Teijin, Toray Industries, and Indorama Ventures are investing heavily in the region and launching high-performance innovations to meet evolving industry demands.
Key developments include:
- DuPont’s Kevlar EXO (2023): Next-gen aramid fiber offering top ballistic performance.
- Teijin’s expansion in Thailand: Boosting polyester filament production for apparel and interiors.
- Indorama & Toyobo collaboration: Producing advanced nylon yarns for automotive airbags.
The market is also witnessing a shift towards sustainable and recycled synthetic yarns, aligning with global sustainability goals.