The latest market report published by Credence Research, Inc. “Global Yarn Lubricants Market: Growth, Future Prospects, and Competitive Analysis, 2015 – 2027”. The global Yarn Lubricants market generated revenue of around USD 2,200 million in 2020 and anticipated to grow at a CAGR of over 5.3% during the forecast period from 2021 to 2027 to reach around USD 2,999 million in 2027.
Global Yarn Lubricants Market, 2020 – 2027 (USD Million)
Browse the full report at https://www.credenceresearch.com/report/yarn-lubricants-market
Yarn Lubricants enhances knitting & weaving efficiency, thereby improving sewability of yarns and reduce damages to knits and woven goods. The global yarn lubricants market is projected to grow at a considerable rate during the forecast period, owing to properties offered by these lubricants such as easier needle penetration & elimination of carbon, sizing, or adhesive buildups on the needle or hook.
Key Trends in Global Yarn Lubricants Market
Increasing Investment in Biodegradable Oils
With the increase in demand for technical textiles, there stirred certain challenges for manufacturers such as changing atmospheric humidity, temperature fluctuations and high loads. The textile manufacturers moved their focus to sustainable lubricants & oils to rectify these issues while maintaining sustainability goals in order to live up to its own entrepreneurial responsibility and protect the environment. Lubricants designed for the needs of the technical textile industry made by several key manufacturers listed in the report contributed to this growing need by developing sustainable products in compliance with these requirements, along with delivering increased productivity. Following are the areas of focus wherein lubricants is and will be extensively required in the yarn manufacturing industry:
· Spinning machines
· Knitting machines
· Weaving machines
· Finishing machines
· Stenter frames
Impact of COVID 19 on Global Yarn Lubricants Market
COVID 19 has considerable impact on revenue generation of yarn lubrication market. In the wake of COVID 19, most of the governments have imposed strict regulation regarding mobility of people as well as transportation of goods. Moreover, there has been a tremendous impact not only on the imports but also on the exports. So, any action taken by the textile manufacturers or government during or after the covid-19 situation should ensure profit and not loss keeping the existing condition of the market in mind. Major fashion brands have been affected by this situation resulting into closure of various distribution centers and manufacturing facilities leading to decrease in demand for lubricants. However, the situation is expected to bounce back owing to continuous promotions on digital platforms, thereby bringing the market on track by the end of 2021.
Global Yarn Lubricants Market by Application Insights
Polyester, Wool, Cotton, Acrylic, and Blends are five major applications of global Yarn Lubricants market. Polyester segment accounted for the largest share of the total revenue generated by the global yarn lubricants market in 2020.
Polyester Segment to Dominate the global Yarn Lubricants market
Global Yarn Lubricants Market by Application, 2020
Global Yarn Lubricants Market by Product Type Insights
Spin Finish, Conning Oil, Knitting Oil, and Grease are the four major product types areas for the global Yarn Lubricants market. Conning oil accounted for the vast majority in the revenue generation of yarn lubricants in 2020.
Global Yarn Lubricants Market Share by Product Type, 2020
Global Yarn Lubricants Market by Regional Insights
Asia Pacific was the largest market for yarn Lubricants in 2020 and accounted for more than 50% share in total revenue generation. Asia Pacific has the highest number of textile manufacturing facilities, of which most of them are concentrated in India and China. Asia Pacific leads it way out as the leading exporter of yarns, textiles to North American and European countries. Having had such huge manufacturing base, there is a tremendous requirement for textile or yarn auxiliaries as well, including lubricants. Hence, it was estimated that the region is also projected to lead the yarn lubricants market during the forecast period. Further, North America is also estimated to have considerable growth during 2020 to 2027.
Global Yarn Lubricants Market Competitive Landscape
Most prominent players in the global Yarn Lubricants market include Resil Chemicals Pvt. Ltd., Sarex, Finotex Chemical Ltd., Achitex Minerva Group, Rudolf GmbH, HT Fine Chemical Co., Ltd, Graf Chemicals, Vickers Oil, Total SA, Sar Lubricants, and Others. The report covers very detailed profiles of these key players.
Global Yarn Lubricants Market, Company Distribution Network, 2020
Global Yarn Lubricants Market by Product Type, 2015 – 2027
· Spin Finish
· Coning Oil
· Knitting Oil
Global Yarn Lubricants Market by Application, 2015 – 2027
Global Yarn Lubricants Market by Region, 2015 – 2027
· North America
· Asia Pacific
· Latin America
· Middle East and Africa
Global Yarn Lubricants Market: Key Players
· Resil Chemicals Pvt. Ltd.
· Finotex Chemical Ltd.
· Achitex Minerva Group
· Rudolf GmbH
· HT Fine Chemical Co., Ltd
· Graf Chemicals
· Vickers Oil
· Total SA
· Sar Lubricants