Global Conductive Yarn Market Is Expanding Due To Growing Awareness Regarding Advantages Associated With Conductive Yarn And Technological Advancement
Textile fabrics consist of organic polymers that function as the finest insulators. However, due to weak electrical conductivity, the load on the organic polymer surface is accumulated. To avoid the accumulation of electric loads, textiles are converted by using different methods into electrically conductive fabrics called conductive yarns.
The growing trend of western clothing continues to take a positive trend. Moreover, the rise in the number of smartphone consumption has led the market to increase in recent years. Furthermore, retailers adopting an omnichannel approach are increasing the market share of mobile phones and clothes. Thereby, certain factors are directly boosting the requirements of conductive yarn. However, the fluctuation of raw material prices may affect its business.
The global conductive yarn in 2019 was projected at around USD 1550 million, with an estimated USD 4,305 million at the end of 2026. It has been anticipated by the industry players and analysts that the global automotive actuators market growth will be growing at a CAGR rate of 15.7% between 2020 to 2026.
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Increased demand for clothing that capable of sensing various biomarkers in the user. Growing production of specialized clothing fitted with the sensors due to rising concern regarding physical activities from the urban population. Such factors are expected to increase the demand for conductive yarn. However, high research & development and maintenance cost is required for the development of conductive yarn is expected to hinder the growth of the market. Furthermore, increasing usage of conductive textiles in the healthcare sector will provide ample opportunities to the industry players operating in the market.
Some of the leading and top conductive yarn companies in the global conductive yarn market include Hebei Swiit Metallic Fiber Co., Ltd, ARACON, SOVETL Special Rope & Webbing Co., Ltd , Koolon, Tongxiang Baoding Textile Co., Ltd, Hyosung Co, Dongguan Cocou Textile Materials Co. Ltd, FilSpec Inc., Statex Produktions & Vertriebs GmbH, W. Barnet Gmbh & Co. Kg, Bally Ribbon Mills, Hongkong Wei Xing Technology Development Limited, Baoding Sanyuan Textile Technology Co., Ltd, KB SEIREN, LTD., W. Zimmermann GmbH & Co. KG, American & Efird LLC, Formosa Taffeta Co., Ltd, Shanghai Yishi Industrial Co., Ltd.
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The conductive yarn market is segmented into type and application. The type segment has been categorized as intocarbon-based type, metallic type, and metal compound type. The metallic type segment dominated the market in 2019 by holding more than 40% of the global market share. It is expected to maintain its position during the forecast timespan as most of the conductive yarns are produced by metallic coating, and carbon nanotubes (CNT). Based on the application, the market has been bifurcated into the anti-static fabric, signal transmission, and cellphone protective cover. The anti-static fabric segment is leading the market and accounted for around 48.9% of the worldwide market share in 2019. The signal transmission segment is expected to register high growth in the coming year with a CAGR of around 16.5% from 2020 to 2026. The increasing demand for conductive yarn for signal transmission and military missions is expected to propel the growth of the market over the forecast period. Conductive yarns are used for their aesthetic appeal and in medical and military fields. Thus, the conductivity function of the textiles is used in various technological applications such as electrostatic discharge and electromagnetic interference, wearable electronics, transmitting, sensors, heating, and data stocking.
Based on geography, the market has been analyzed into North America, Europe, Asia Pacific, Latin America, and Middle East & Africa. Europe’s conductive yarn market is anticipated to contribute remarkably towards the overall conductive yarn market size in the coming years. The regional demand will be an increase in the next six years is due to wearable technology breakthroughs as well as major investments in research activities by various European manufacturers. Besides that, the rising trend of smart clothing in Europe will further expand the consumer spectrum in the region over the projected timeframe. Countries like France, Germany, and the UK are expected to be main contributors of regional revenue.
Frequently Asked Questions
What are conductive yarns?
Textile fabrics consist of organic polymers that function as the finest insulators. However, due to weak electrical conductivity, the load on the organic polymer surface is accumulated. To avoid the accumulation of electric loads, textiles are converted by using different methods into electrically conductive fabrics called conductive yarns.
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What are the key factors driving conductive yarn market expansion?
The global conductive yarn market is expanding due to growing awareness regarding advantages associated with conductive yarn and technological advancement
Which region will make notable contributions towards global conductive yarn market revenue?
Europeconductive yarn market is anticipated to contribute remarkably towards the overall conductive yarn market size in the coming years. The regional demand will be an increase in the next six years is due to wearable technology breakthroughs as well as major investments in research activities by various European manufacturers. Besides that, the rising trend of smart clothing in Europe will further expand the consumer spectrum in the region over the projected timeframe. Countries like France, Germany, and the UK are expected to be main contributors to regional revenue.
Which are the key players leveraging conductive yarn market growth?
Some of the leading and top conductive yarn companies in the global conductive yarn market include Hebei Swiit Metallic Fiber Co., Ltd, ARACON, SOVETL Special Rope & Webbing Co., Ltd, Koolon, Tongxiang Baoding Textile Co., Ltd, Hyosung Co, Dongguan Cocou Textile Materials Co. Ltd, FilSpec Inc., Statex Produktions & Vertriebs GmbH, W. Barnet Gmbh & Co. Kg, Bally Ribbon Mills, Hongkong Wei Xing Technology Development Limited, Baoding Sanyuan Textile Technology Co., Ltd, KB SEIREN, LTD., W. Zimmermann GmbH & Co. KG, American & Efird LLC, Formosa Taffeta Co., Ltd, Shanghai Yishi Industrial Co., Ltd.