South Korea Synthetic Yarns Market was valued at USD 2.5 Billion in 2022 and is projected to reach USD 3.8 Billion by 2030, growing at a CAGR of 6.4% from 2024 to 2030.
The South Korea Synthetic Yarns Market has been experiencing significant growth in recent years, driven by the increasing demand for high-performance fabrics in various industries. The market for synthetic yarns is crucial for sectors such as apparel, automotive, and home textiles, where durability, flexibility, and moisture resistance are highly sought after. As industries evolve and consumer preferences shift, the requirement for synthetic yarns in South Korea is expected to further intensify.
One of the key drivers of growth in the South Korean synthetic yarn market is the expanding textile industry, particularly in apparel and fashion. Synthetic yarns, known for their versatility and cost-effectiveness, are widely used in creating fabrics that can withstand wear and tear while maintaining their aesthetic appeal. This has led to a growing demand for synthetic yarns in the production of sportswear, outerwear, and casual clothing. As South Korean consumers increasingly demand high-quality and durable clothing options, manufacturers are turning to synthetic yarns to meet these expectations.
In addition to the apparel sector, the automotive industry in South Korea has also become a significant consumer of synthetic yarns. Automotive manufacturers use these materials for producing components such as seat covers, upholstery, and interior fabrics. The need for synthetic yarns in the automotive sector is driven by the desire for lightweight, durable, and flame-resistant materials that can withstand extreme conditions.
The demand for synthetic yarns is also increasing in the home textile industry. Products like carpets, curtains, and upholstery fabrics are made using synthetic yarns due to their ability to retain color, resist staining, and offer easy maintenance. As home improvement trends continue to rise, the need for synthetic yarns in South Korea’s interior design market is expected to grow.
Moreover, technological advancements in the synthetic yarn production process are fueling the demand for these materials. Manufacturers are now able to produce high-quality yarns that mimic the properties of natural fibers, offering enhanced comfort and performance. This technological innovation is creating new opportunities for synthetic yarns in a wide range of industries.
In conclusion, the South Korea Synthetic Yarns Market is poised for continued growth, driven by increasing demand across several industries, including textiles, automotive, and home goods. As innovation continues and industries evolve, synthetic yarns will remain a cornerstone of manufacturing processes in South Korea.
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Aditya Birla Group
Grasim Industries Limited
Jaya Shree Textiles
Asahi Kasei Fibers Corporation
Barnhardt Manufacturing Company
Celanese Corporation
Crescent Textile Mills Ltd
Daicel Chemical Industries
DAK Americas
DuPont
INVISTA
Kuraray
Mitsubishi Rayon
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By the year 2030, the scale for growth in the market research industry is reported to be above 120 billion which further indicates its projected compound annual growth rate (CAGR), of more than 5.8% from 2023 to 2030. There have also been disruptions in the industry due to advancements in machine learning, artificial intelligence and data analytics There is predictive analysis and real time information about consumers which such technologies provide to the companies enabling them to make better and precise decisions. The Asia-Pacific region is expected to be a key driver of growth, accounting for more than 35% of total revenue growth. In addition, new innovative techniques such as mobile surveys, social listening, and online panels, which emphasize speed, precision, and customization, are also transforming this particular sector.
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Growing demand for below applications around the world has had a direct impact on the growth of the South Korea Synthetic Yarns Market
Polyester Yarns
Nylon Yarns
Acrylic Yarns
polypropylene Yarns
Other Types (e.g., Spandex, Carbon Fiber)
Textiles and Apparel
Automotive
Home Furnishings
Medical
Industrial Applications
Single Filament Yarns
Multifilament Yarns
Braided Yarns
Textured Yarns
High-Performance Yarns
Spun Yarns
Filament Yarns
Fibre Yarns
Core-Spun Yarns
Continuous Yarns
Knitting
Weaving
Non-Woven Fabrics
Composites
Rope and Cordage
Asia-Pacific (China, Japan, Korea, India, Australia, Indonesia, Thailand, Philippines, Malaysia and Vietnam)
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1. Introduction of the South Korea Synthetic Yarns Market
Overview of the Market
Scope of Report
Assumptions
2. Executive Summary
3. Research Methodology of Verified Market Reports
Data Mining
Validation
Primary Interviews
List of Data Sources
4. South Korea Synthetic Yarns Market Outlook
Overview
Market Dynamics
Drivers
Restraints
Opportunities
Porters Five Force Model
Value Chain Analysis
5. South Korea Synthetic Yarns Market, By Type
6. South Korea Synthetic Yarns Market, By Application
7. South Korea Synthetic Yarns Market, By Geography
Asia-Pacific
China
Japan
Korea
India
Australia
Indonesia
Thailand
Philippines
Malaysia and Vietnam
8. South Korea Synthetic Yarns Market Competitive Landscape
Overview
Company Market Ranking
Key Development Strategies
9. Company Profiles
10. Appendix
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