Lucintel Forecasts Conductive Yarn Market to grow at a CAGR of 3% to 5% from 2021 to 2026

According to the recent study the conductive yarn market is projected to grow at a CAGR of 3% to 5% from 2021 to 2026. Growth in this market is primarily driven by increasing demand for smart clothing and growing awareness of the advantages of conductive textiles.

Browse XX figures / charts and XX tables in this 150 -page report to understand trends, opportunities and forecast in conductive yarn market by type (metallic, carbon-based, and metal-compound type), application (Anti-Static Fabric, Signal Transmission, Cellphone Protective Cover, and Others), and region (North America, Europe, Asia Pacific, and the Rest of the World).

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“Metal compound market is expected to remain the largest segment during the forecast period.”

Based on type, the conductive yarn market is segmented into metallic, carbon-based, and metal-compound type. Lucintel forecasts that the metal compound market is expected to remain the largest segment due to massive use of metals, such as nickel, silver, and steel, in the form of fiber or wires to produce the conductive yarn for imparting conductive property in these conductive yarns.

“Within the conductive yarn market, the anti-static fabric segment is expected to remain the largest application”

Based on application the anti-static fabric segment is expected to witness the highest growth over the forecast period due to increasing use of anti-static fabric in smart textile.

“Asia pacific will dominate the conductive yarn market in near future”

Asia Pacific will remain the largest region during the forecast period due to wearable technologies along with huge investments in research activities by various firms.

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Major players of conductive yarn market are adopting various growth strategies like new product launches, expansions, merger and acquisitions, partnerships, agreements, and collaborations to expand their presence in this market. Hebei Swiit Metallic, ARACON, Dongguan Sovetl Special Rope & Webbing, Tongxiang Baoding Textile Co., Ltd, Dongguan Cocou Textile Materials Co. Ltd, FilSpec Inc., Statex Produktions & Vertriebs GmbH, W. Barnet Gmbh & Co. Kg, Bally Ribbon Mills are among the major conductive yarn providers.

This unique research report will enable you to make confident business decisions in this globally competitive marketplace. For a detailed table of contents, contact Lucintel at +1-972-636-5056 or click on this link https://www.lucintel.com/conductive-yarn-market.aspx or helpdesk@lucintel.com