According to a market report by Lucintel, the future of the carpet yarn market looks promising with opportunities in the residential and industrial sectors. The global carpet yarn market is expected to reach an estimated $22.8 billion by 2028 with a CAGR of 5% from 2023 to 2028. The major drivers for this market are increasing customer’s interest in unique and customised carpets and rugs, growing residential and commercial construction activities, and increasing inclination towards carpet yarn products made from natural fibers.
In this market, nylon, polyester, polypropylene, cotton, wool, and acrylic are the major segments of carpet yarn market by yarn type. Lucintel forecast that nylon is expected to witness highest growth over the forecast period due to the widespread use of nylon in carpet manufacturing because of its softness, toughness, resistance to stains and abrasion and it is available in different color as well as patterns.
Within this market, industrial is expected to remain the largest segment due to the significant demand for carpets in commercial spaces and automotive sectors.
APAC will remain the largest region due to the growing customer spending towards home and office décor, rapid industrialization and significant demand for personalised carpets in various end use industries, such as automotive, commercial, and residential construction sectors.
Aquafil S.p.A., CananTekstil, Hyosung Advanced Materials, Meridian Specialty Yarn Group, National Spinning Company, Bonar Yarns, and Gulsan Holding are the major suppliers in the global carpet yarn market.
Lucintel, a leading global strategic consulting and market research firm, has analyzed growth opportunities in the global carpet yarn market by yarn type, distribution channel, end use, and region. Lucintel has compiled a comprehensive research report entitled “Growth Opportunities in the Global Carpet Yarn Market 2023-2028: Trends, Forecast, and Opportunity Analysis.” The Lucintel report serves as a catalyst for growth strategy, as it provides comprehensive data and analysis on trends, key drivers, and directions. The study includes trends and forecast for the global carpet yarn market by yarn type, distribution channel, end use, and region, as follows:
Carpet Yarn Market by Yarn Type [Shipment Analysis by Value from 2017 to 2028]:
Nylon
Polyester
Polypropylene
Cotton
Wool
Acrylic
Others
Carpet Yarn Market by Distribution Channel [Shipment Analysis by Value from 2017 to 2028]:
Direct Sales
Indirect Sales
Carpet Yarn Market by End Use [Shipment Analysis by Value from 2017 to 2028]:
Carpet Yarn Market by Region [Shipment Analysis by Value from 2017 to 2028]:
North America
Europe
Asia Pacific
The Rest of the World
This more than 150-page research report will enable you to make confident business decisions in this globally competitive marketplace. For a detailed table of contents, contact Lucintel at +1-972-636-5056 or email us at
helpdesk@lucintel.com.
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This report answers the following 11 key questions:
Q.1. What are some of the most promising, high-growth opportunities for the global carpet yarn market by yarn type (nylon, polyester, polypropylene, cotton, wool, acrylic, and others), distribution channel (direct sales and indirect sales), end use (residential and industrial), and region (North America, Europe, Asia Pacific, and the Rest of the World)?
Q.2. Which segments will grow at a faster pace and why?
Q.3. Which region will grow at a faster pace and why?
Q.4. What are the key factors affecting market dynamics? What are the key challenges and business risks in this market?
Q.5. What are the business risks and competitive threats in this market?
Q.6. What are the emerging trends in this market and the reasons behind them?
Q.7. What are some of the changing demands of customers in the market?
Q.8. What are the new developments in the market? Which companies are leading these developments?
Q.9. Who are the major players in this market? What strategic initiatives are key players pursuing for business growth?
Q.10. What are some of the competing products in this market and how big of a threat do they pose for loss of market share by material or product substitution?
Q.11. What M&A activity has occurred in the last five years and what has its impact been on the industry?