The global polypropylene yarn industry, valued at US$ 16.32 Billion in 2022, is expected to maintain a steady growth trajectory with a projected CAGR of 5.6% from 2022 to 2029. This synthetic polymer material, derived from propylene monomers, has gained widespread popularity across industries for its versatile and exceptional properties. Polypropylene yarn, a thermoplastic polymer, finds extensive use in textile manufacturing, packaging materials, and various industrial applications, contributing to its continuous expansion in the market, driven by its diverse applications and advantageous characteristics.
Polypropylene yarn is witnessing high demand from textile industries, since it is used for the manufacturing of carpets, socks, etc. Polypropylene yarn is lightweight and cost-effective, and also provides high strength to the end product. It has a hygienic structure, which does not cause any allergic reactions; it does not hold moisture and water, and it is dirt- and stain-resistant. Polypropylene yarn also has many color variants and is reusable. All these factors favour the use of polypropylene yarn in textile industries. Moreover, shifting focus of manufacturers in some developing regions towards the production of relatively cheap textiles in higher volumes is expected to pave the way for robust sales during the forecast period (2022-2029).
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“Polypropylene yarn is used in concrete mix designs for rigid pavement and self-compacting concrete. It is also used as a reinforcing agent, which is mixed with concrete to decrease shrinkage and control cracking in the construction industry. These factors are expected to drive the demand for polypropylene yarn from the construction industry and for other refractory applications.”
Key Takeaways from Global Polypropylene Yarn Industry Study
- Polypropylene multifilament yarn is likely to be sought-after in the future, owing to its growing application in textile industries.
- In terms of consumption, Europe and the U.S. are the most prominent regions. Countries such as Belgium, the Netherlands, Spain, Germany, France, and Italy are the prime consumers of synthetic yarn (PP yarn), where Belgium and the Netherlands (BENELUX) are prime importers of synthetic yarns (PP yarn).
- Growing apparel industries across the world is expected to increase the demand for polypropylene yarn. Increasing demand for sportswear, blazers, etc., is also surging the demand for fine polypropylene yarn, as it is largely consumed in their production.
- Easy availability of raw wool in countries such as Australia and New Zealand, is driving polypropylene yarn production in this region. These countries produce various types of polypropylene yarn, such as Merion wool, Shetland wool, etc., in high volumes.
- Governments are taking initiatives for promoting the production of polypropylene yarn. For instance, the Indian Government is working to persuade growers to focus on wool production rather than meat production. Production in such countries is further backed by economical labour availability. Hence, a considerable amount of polypropylene yarn is produced in India, and is exported to international markets.
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Market Trends and Outlook:
The polypropylene yarn industry is expected to witness continued growth due to the increasing demand from various industries. The textile industry’s expansion, particularly in emerging economies, will drive the demand for polypropylene yarn in clothing and technical textiles. Additionally, the need for sustainable and eco-friendly packaging materials might lead to innovations in polypropylene yarn applications.
Competitive Landscape
Research & development, coupled with expansion of production capacity and footprint, remains the key strategy of polypropylene yarn manufacturers to enhance productivity and capture new market opportunities.
Top Key Players in the Global Market
- SWM
- Industrial Ponsa
- Thrace group
- Bonar Yarns
- Lankhorst Yarns
- William Barnet & Son, LLC
- Daman Polythread Ltd
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Polypropylene Yarn Industry by Category
By Product Type:
- PP Multifilament
- PP Monofilament
By Application:
- Industrial Textiles
- Home Textiles
- Carpets
- Sports Accessories and Ancillaries
- Others
By Region:
- North America
- Latin America
- Europe
- East Asia
- South Asia
- Oceania
- Middle East & Africa
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