Global Textile Yarns Market to Reach $20.2 Billion by 2030
The global market for Textile Yarns estimated at US$14.5 Billion in the year 2023, is expected to reach US$20.2 Billion by 2030, growing at a CAGR of 4.8% over the period 2023-2030. Artificial Textile Yarns, one of the segments analyzed in the report, is expected to record 5% CAGR and reach US$12.5 Billion by the end of the analysis period. Growth in the Natural Textile Yarns segment is estimated at 4.5% CAGR for the next 7-year period.
The U.S. Market is Estimated at $3.8 Billion, While China is Forecast to Grow at 7.4% CAGR
The Textile Yarns market in the U.S. is estimated at US$3.8 Billion in the year 2023. China, the world`s second largest economy, is forecast to reach a projected market size of US$4.4 Billion by the year 2030 trailing a CAGR of 7.4% over the analysis period 2023 to 2030. Among the other noteworthy geographic markets are Japan and Canada, each forecast to grow at 3% and 3.9% respectively over the 2023-2030 period. Within Europe, Germany is forecast to grow at approximately 3.6% CAGR.
Learn how to effectively navigate the market research process to help guide your organization on the journey to success.
Download eBook