Global Upholstery Fancy Yarn Market – Introduction
Upholstery fancy yarn is a type of fancy yarn used in the weaving of upholstery and furniture fabrics etc. This yarn is majorly used in the process of making soft, padded textile coverings which are fixed to furniture such as sofas and chairs.
People in various parts of the globe are experiencing home isolation due to the COVID-19 pandemic from the last few months, which has had an adverse effect on the production of upholstery fancy yarn. Export and import of fancy yarn has also been impacted in the current year (2020).
Evolution in the Furnishing Industry
Rapid rise in demand for upholstery fancy yarn in furnishing industries of various countries across the globe is projected to drive the upholstery fancy yarn market during the forecasted timeline. Usage of upholstery yarn is also increasing in automobile, aerospace, and shipbuilding industries etc., especially to make luxury seats and seat covers, which is projected to create lucrative opportunities for manufacturers and distributors of upholstery fancy yarn in the near future.
Raw Material Availability and Price Volatility
Fancy yarn manufacturing requires a range of raw materials which are not always available in the local market. The production of value-added fancy yarn involves the selection of quality raw materials from different regions. Therefore, raw material sourcing is the key challenge for small scale and middle scale yarn manufacturers. Availability and volatility of raw materials have a significant impact on operating margins. Unpredictable raw material prices can lead to fluctuation in fancy yarn selling prices. Moreover, rapid globalization has transformed the domestic and international trade of cotton, staple fibers, raw yarn, and related textile products. For instance, the trade war between the U.S. and China has also had an extensive impact on the macroeconomic environment of the industry.
Upholstery Fancy Yarn Market in Asia Pacific to Expand Rapidly
Geographically, the global upholstery fancy yarn market can be divided into five regions: North America, Europe , Asia Pacific, Middle East & Africa, and South America
Country-level bifurcation of the North America market includes the forecast and analysis for the U.S., Canada, and Rest of North America. The country-level analysis and forecast of the Europe market includes historical and forecast analysis for the U.K., Germany, France, and Rest of Europe. The country-level analysis and forecast for the Asia Pacific market includes major countries in the region such as India, China, Japan, and Rest of Asia Pacific. Middle East & Africa country-level analysis and forecast of the upholstery fancy yarn market includes GCC countries, South Africa, and Rest of Middle East & Africa. The South America upholstery fancy yarn market is categorized into Brazil, and Rest of South America.
The upholstery fancy yarn market in Asia Pacific expanded at a rapid pace in 2019. The market in Asia Pacific is anticipated to expand at a significant rate during the forecast period due to growth in the furnishing industry in India, Japan, South Korea, and various other countries across Southeast Asia.
Key Players Operating in the Upholstery Fancy Yarn Market
Prominent upholstery fancy yarn companies are projected to witness tough competition during the forecast period. Brands such as Ullmann International Ltd., MURADIM, Akren Iplik, Zeta Tekstil, and Yarn Plus are investing heavily on research & development to introduce new ranges of upholstery fancy yarn and launch exclusive upholstery fancy yarn into the market. Companies are boosting awareness and conducting promotional drives to increase the demand for upholstery fancy yarn in emerging economies across the globe.
Key players operating in the global upholstery fancy yarn market include:
Ullmann International Ltd.
ZhangJiaGang Prancy Dragon Textile Co., Ltd.
Taiwan Jing Mih Textile Co. Ltd.
Global Upholstery Fancy Yarn Market – Research Scope
Global Upholstery Fancy Yarn Market, by Product Type
Others (Cover Yarn, etc.)
Global Upholstery Fancy Yarn Market, by Price
Global Upholstery Fancy Yarn Market, by Fiber
Others (Nylon, Blend, etc.)
Global Upholstery Fancy Yarn Market, by Distribution Channel
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