A recent report from Transparency Market Research (TMR) states that the current market for yarn lubricants is expanding steadily. Progress is being driven by multiple factors, including an increasing demand for high-quality products in the apparel and textile industries.
Built-for purpose yarn lubricant plays an important part in mitigating friction in the manufacturing process, improving mechanical efficiency and enhancing the quality of yarn produced. Yarn lubricants are used widely in multiple processes including knitting, spinning and weaving, facilitating smoother production.
The TMR report offers a complete analysis of recent developments, key drivers and market trends along with an outlook to aid stakeholders in making informed investment decisions. The future for yarn lubricants looks bright and is estimated to increase at a compound annual growth rate of almost 13 per cent from last year to 2034, where it is projected to reach a value of $ 5.7 billion (£4,502,572,500).
Market expansion is being propelled by the growth of the textile industry, but also because of increased automation in yarn manufacturing processes and advances in lubricant formulation. Although Europe and North America are currently experiencing growth in sustainable and high-performance lubricant solutions, the Asia-Pacific region still dominates the yarn lubricant market because of its major hubs for textile manufacturing.
The market research mentioned key players in the yarn lubricants sector like SAR Lubricants, TotalEnergies and Klüber Lubrication. It cited major developments in the sector, with Klüber introducing synthetic high-performance lubricants engineered to enhance energy efficiency levels for high-speed equipment, and Total launching an eco-friendly range of yarn lubricants with improved biodegradability.
