PP Yarn Market Outlook - 2022 to 2029

The global PP yarn market is expected to be about $16.32 billion in 2022. With the increasing adoption of PP yarn in various applications, the total sales are expected to increase at a compound annual growth rate of 5.6% and exceed $23.85 billion by 2029.

Due to its high strength and excellent electrical insulation, polypropylene multifilament yarn will continue to be the most popular product type. In the textile industry, polypropylene multifilament yarn has become a sought-after material.

In terms of regions, East Asia remains the most profitable market for PP yarn, accounting for 30.1% of the total market share in 2022. The growing population, growth in the apparel industry, and the presence of leading market players are some factors driving the East Asia PP yarn market.

How Has the PP Yarn Market Progressed Before June 2022?

In the textile industry, PP yarn is one of the most useful and lightweight materials. As the population continues to grow, manufacturers in emerging countries like China, ASEAN, and India are increasingly focused on producing inexpensive textiles.

The sales of active wear, thermal wear, and sportswear are expected to significantly increase, driving the demand for PP yarn. Additionally, the market for PP yarn is growing due to the increasing demand for it as a reinforcing component. However, the expected growth prospects for the first half of 2022 are projected to increase by 30 basis points compared to the actual growth in 2021.

The use of PP yarn in industrial textiles is being driven by the increasing preference for personal protective equipment in manufacturing, which is influenced by strict regulations regarding personnel safety.

Key developments witnessed in the market include product development, product launches, technological advancements, etc., which are expected to sustain market growth prospects during the forecast period.

The PP Yarn Market Outlook: 2014-2021 Compared to 2022-2029 Forecast

The compound annual growth rate of the global PP yarn market is expected to be 5.6% between 2022 and 2029, while it was 4.1% between 2014 and 2021.

The expansion of the global textile industry, lifestyle changes, and the increasing use of PP yarn in the manufacturing of various products such as home decor, clothing, and personal protective equipment are expected to drive the global PP yarn market.

Due to its advantages such as lightweight, low cost, high strength, and recyclability, PP yarn is one of the most widely used materials in the textile industry. It is used in the production of carpets, sportswear, underwear, and several other products.

With the rapid growth of the population, manufacturers in developing regions such as China and India are shifting their preferences towards the production of inexpensive textiles. This is propelling the growth of the PP yarn market.

Similarly, the increasing incidents of hospital infections are driving the demand for personal protective equipment and masks. Due to being both cost-effective and hygienic, polypropylene has emerged as the ideal material for producing healthcare products.

Leading manufacturers are continually introducing new products under different brand names. They are integrating innovative technologies to streamline the production process and reduce overall costs.

Furthermore, the growing popularity of PP yarn in the construction industry is expected to create growth opportunities for market participants during the forecast period. With the support of the aforementioned factors, the market capacity of the PP yarn market is projected to expand 1.46 times by 2029.