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Yarn Lubricants Market By Product Type (Spin Finish, Coning Oil, Knitting Oil, Grease) By Application (Polyester, Acrylic, Cotton, Wool, Blends): Growth, Trends, Covid-19 Impact and Forecast 2015 - 2027

Market Insights

Yarn Lubricants are beneficial in reducing friction during abrasion by forming a film on the yarn surface. Films formed by Yarn Lubricants on fibers and the metal surface are very helpful in lowering the friction considerably, thus improving the rewinding performance. Apart from this, yarn lubricants also provide uniformity during the dyeing, finishing, and pilling yarns and fabrics. As a result, the global Yarn Lubricants market is likely to exhibit a steady recovery from COVID 19 to touch a USD 3,000 million valuations by the end of the forecast period with a CAGR of over 5.3%. However, the market size was contracted to USD 2,200 million in 2020, with over a 15% decline compared to 2019.

Yarn Lubricants Market

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Strong Growth of Textile Industry

Textile is the leading outlet for the growth of yarn lubricants. With robust demand for technical textiles, the demand for yarn lubricants is likely to increase at a rapid pace. Technical textile is increasingly popular among functional applications such as geotextile, protective clothing, medical, automotive, etc. Technical textiles are manufactured to meet desired properties for respective application markets. Therefore, yarn Lubricants are of critical importance in the technical textile industry to ensure sustainable production activities. Despite of COVID 19 pandemic outbreak across the world, the market size of the textile industry touched the gigantic valuation of USD 1 trillion in 2020. This is ultimately expected to mobilize the demand for Yarn Lubricants.  

Environmental Concerns Associated with Yarn Lubricants

Yarn Lubricants are mainly composed of mineral oils. Mineral oil-based lubricants are typically toxins in nature and cannot be readily degraded. If leaked in the heart, they can jeopardize the environment with harmful consequences on wildlife, including plants, animals, and fish. It also has very adverse effects when human skin comes in contact with it. Yarn Lubricants can cause skin irritation and a burning feeling. This, in turn, has invited considerably stringent regulation on the production, transport, and use of Yarn Lubricants. However, manufacturers are focusing on the development of green alternatives to mineral oil-based Yarn Lubricants.  

Impact of COVID 19

The textile industry is one of the severely impacted industries due covid-19 situation. Several garment manufacturing units in China and various parts of the world stopped working due to covid-19, unfavorably affecting the trade & distribution of fabric, yarn, and other materials. Owing to this disruption, it was observed that there was a slowdown in demand & export by 50%, affecting the spinning mills. Not only this but employment was also affected in Asian countries due to this lockdown. The corona crisis severely affected international trade as most developed economies relied on developing countries, where the trade flow and manufacturing almost stopped for about 3 to 4 months. However, with the speedy recovery of most of the economies, most of the infrastructure projects have resumed. This, in turn, is likely to restore the global Yarn Lubricants market to its pre-COVID 19 levels.

Yarn Lubricants Market

Asian Economies drive Textile Production.

The Asia Pacific is the most dominant region, with a whopping 50% share in total consumption of Yarn Lubricants in 2020. China, India, South Korea, Vietnam, Taiwan, etc., and their huge production base are ruling the textile world. Collectively they hold over 60% of the total export of textile in the world. With its large installed capacity and production volume of textile, the demand for Yarn Lubricants is also significantly high. The huge population, strong presence of end-user industry, and abundance of raw materials in the region make it the most favorable destination for the textile industry and thus the highest consumer of Yarn Lubricants. Over the span of the analysis period, the demand for Yarn Lubricants is likely to be governed by the Asia Pacific and prominent economies pertaining to the region.

The Coning Oil Product Type leads Global Yarn Lubricants Market.

In terms of product type, coning oil is estimated to be the fastest growing segment of the global yarn lubricants market during the forecast period, as the oil provides excellent lubricity to filaments and reduces friction during operation. It helps avoid yarn downtime and imperfections by lowering yarn to yarn and yarn to metal friction. Owing to its anti-static property, conning oil is applied to the yarn to help lower the impact of static electricity on yarn by improving its evacuation. 

Polyester Continues to Dominate the global demand for Yarn Lubricants.

The global Yarn Lubricants market is segmented based on applications such as Polyester, Acrylic, Wool, Cotton, and Blend. Most artificial fibers cannot be spun and processed without a spin finish due to frictions developed during the different production processes. Hence, they require lubricants to ease the manufacturing process and reduce friction.                 

Focus on Achieving Organic Growth            

Global Yarn Lubricants Market is highly fragmented, with a large number of players around the world. Key players are pursuing an organic growth strategy. As a result, extensive research & development, new product launches, expansion of capacity as well as geographic reach via distribution agreements are at the core of their strategies. Innovative products can offer the manufacturers of Yarn Lubricants a leading edge over their rivals and win the market share. However, Chinese manufacturers' low-cost products pose an important challenge to global manufacturers. Moreover, fluctuating raw material prices are also expected to affect industry participants' margins greatly.

Frequently asked questions about global Yarn Lubricants industry

Textile manufacturing has been affected owing to various sanction on mobility and manufacturing activities around the world. This in turn caused decline of over 15% in market size of Yarn Lubricants

This report enlists the key players such as Resil Chemicals Pvt. Ltd., Sarex, Finotex Chemical Ltd., Achitex Minerva Group, and Rudolf GmbH, among others.

Polyester segment is fastest growing application segment owing to its growing popularity among end-users

Asia Pacific leads the yarn lubricants market owing to presence of huge textile manufacturers. This can be attributed to abundance of raw materials used for textile industry, human resources and cost benefits in the region. Moreover, strong foothold of end-user industry of textile in the region is also spurring the demand for Yarn Lubricants

The global yarn lubricants market is projected to grow at a CAGR of 5.3% from 2021 to 2027

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Published Date:  Apr 2021
Category:  Chemicals
Report ID:   60317
Report Format:   PDF
Pages:   120
Rating:    4.1 (68)
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