Transparency Market Research
The demand within the global fancy yarn market has been rising on account of advancements in the textiles industry. The use of fancy yarns across the non-textile sector has also gathered traction in recent times. Fancy yarns are being used in interior decoration and upholstery, and this factor has played a vital role in the growth of the global fancy yarn market. Moreover, the presence of a well-performing industry for clothing and fabrics has also given a thrust to the growth of the global market for fancy yarn. The intricate knitting and texturing of fancy yarn has been a matter of attention for the masses. Several people consider the value of fancy yarn in terms of the hard work put into knitting them. This factor has led to increased demand for fancy yarn in recent times.
The domain of interior decoration has been following retro styles of beatification. For this reason, fancy yarns have gathered popularity in recent times. Furthermore, fancy yarns are also used to manufacture clothing accessories including bands, belts, and necklaces. Henceforth, it is safe to assert that the global fancy yarn market would accumulate voluminous revenues in the years to follow.
On the basis of geography, the global fancy yarn market has been segmented into North America, Latin America, Europe, Asia Pacific, and the Middle East and Africa. The market for fancy yarn in Asia Pacific has been rising due to the traditional manufacturing of yarn in India.
Fancy yarns are special products which are made by spinning, twisting, texturing, wrapping, and knitting of yarn. Yarn is made by assembling textile fibers in a form suitable for knitting or weaving. What makes fancy yarn different from traditional yarn is different linear densities, different twists, different elasticity, and finally different raw materials. Fancy yarns are made to have imperfect designs so that they can look fancy. Their twisting and texturing are done to get new and unspecified design in the clothing. Some manufacturers give effects while knitting and twisting the fancy yarn. Fancy yarns are made from natural as well as synthetic yarn. The materials which are used in producing fancy yarns are cotton, wool, silk, polyester, nylon, blend, etc. Popularity of metallic yarn is growing in the fancy yarn market due to its increasing demand in party wear clothes and curtains. Traditionally, gold and silver were used to make metallic yarn; nowadays, aluminized plastic yarn, aluminum yarn, and aluminized nylon are used to make fancy yarns.
Fancy Yarn Market - Drivers and Restraints
Fancy yarns are used mostly to manufacture textiles especially for children and women. They are also used to make curtains, carpets, decorative materials, and textile fabrics. Marl yarn, a type of fancy yarn is mostly used to give good effects in thin lines for men’s suiting. Textile is one of the oldest industries and provides employment to millions of people. China and India are leaders in clothing and textile in the world. Together they contribute around 40% of the global production of clothing and textile. Stock of yarn has increased both in Asia and Europe but slightly declined in South America. However, Asia and Europe are the top global exporters of yarn.
Demand for clothing never dies down due to modern fashion trends, increasing disposable income, and technological advancement in weaving and knitting. Today, innovations and research are an integrated part of the textile industry. Usage of textiles in the medical sector and construction industry is on the rise. Fashion and trends of new and stylish clothing is also driving the global fancy yarn market. Both natural and synthetic fibers are used to make carpets, curtains, and clothes. There has been change in the buying pattern of consumers, where once the fashionable customer bought new outfits every season, now certain sections of the market are frequently buying new clothes. This has resulted in the growth of the fancy yarn market. There are also some innovations and advancements from the supply side. Manufacturers are now becoming more heavily involved in assisting the pattern-designers and retailers.
There are various types of fancy yarn available for the manufacturing of carpets, curtains, and clothes and textile accessories. These include marl yarn, spiral or corkscrew yarn, gimp yarn, diamond yarn, loop yarn, snarl yarn, knop yarn, slub yarn, fascinated yarn, tape yarn, chenille yarn, ribbon yarns, composite yarn, covered yarn, and metallic yarn. Every yarn is different from the other in terms of shape, size, different linear densities, different twists, and elasticity.
Fancy Yarn Market - Segmentation
The global fancy yarn market can be segmented based on product type, raw material, application, and region. Based on product type, the fancy yarn market can be classified into chenille yarn, gimp yarn, loop yarn, knop yarn, and others. In terms of raw material, the fancy yarn market is segmented into natural and synthetic. Based on applications, the fancy yarn market can be classified into textile, home furnishing and others. Based on region, the fancy yarn market can be divided into North America, Europe, Asia Pacific, Middle East & Africa, and South America.
Fancy Yarn Market - Key Players
Some of the key players in the global fancy yarn market are Loyal Textile Mills Ltd., Sutlej Textiles and Industries Limited, Wuxi Tiantianrun Fancy Yarn Co., Ltd, Jiangyin Huayi Yarn co., Ltd., Fatima Group Company, Shri Damodar Yarn Manufacturing Pvt. Ltd., Classic Elite Yarns, American Woolen Co, Sulochana Cotton Spinning Mills Pvt. Ltd., Rajvir Industries Limited, and Amarjothi House.
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