Asia Pacific High Tenacity Low Elongation Polyester Yarn Market to Grow with a CAGR of 7.45% through 2027
Rising urbanization has been
a major driver for growing demand for items made from high tenacity, low
elongation polyester yarn in the Asia-Pacific region during the forecast
period.
According to TechSci Research
report, “Asia Pacific High
Tenacity Low Elongation Polyester Yarn Market – By Country, Competition,
Forecast and Opportunities, 2017-2027”, the Asia Pacific High
Tenacity Low Elongation Polyester Yarn Market stood at USD1278.26 million in 2021 and is projected to grow at a
CAGR of 7.45% in the forecast period. In the next five years, the demand
for HTLE polyester yarn in the automotive, construction, and transportation
industries will be the main drivers of growth in the Asia-Pacific region. More
roads are being built because of increased urbanization, resulting in an
increase in demand for geotextiles, which is propelling the market for high
tenacity, low elongation polyester yarn in the area. Geotextiles, which are the end-use
of HTLE yarn, are one of the basic materials used in the construction of roads,
highways, flyovers, bridges, and pavements for filtration and separation
functions, as they help prevent migration and mingling of materials and allow
free movement of water thus aiding the growth of the HTLE polyester yarn market
in the forecast period. The increasing use of high tenacity low elongation
polyester yarn in the automotive sector is expected to boost market growth in
the coming years for example airbags, seatbelts, and mechanical rubber items
are all made using HTLE polyester yarn. Volatility in raw material prices and fluctuations
in oil prices are the key factors that will hamper the growth of HTLE polyester
yarn market. Raw material price
variations also have an impact on manufacturers' operating margins, making it
difficult for them to stay afloat in the market.
Browse over 58 market
data Figures and 1 Table spread through 118 Pages and an in-depth TOC on "Asia
Pacific High Tenacity Low Elongation Polyester Yarn Market "
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The Asia-Pacific High Tenacity
Low Elongation Polyester Yarn Market is segmented based on denier, end-user, country,
and company.
Based on the
end-user, the market is segmented into Geotextiles, Seatbelt, Cord Strapping,
Billboard sheets, firehose, hoarding and Others. Geotextiles industry led the
market with a market share of 43.84% in 2021. The entry of new market players
and huge untapped potential in developing countries is expected to create
lucrative growth opportunities for the automotive industry in the forecast
period, hence contributing to the segmental growth.
Based on
country, China dominated the market in 2021 with an overall share of 40.36% on
account of widespread use and adoption of HTLE.
Major
market players operating in the Asia-Pacific High Tenacity Low
Elongation Polyester Yarn Market are:
·
Fujian
Billion Polymerization Fiber Technology Industrial Co., Ltd.
·
Indorama Ventures Public Company Limited
·
Jiangsu Hengli Chemical Fiber Co., Ltd
·
Huvis Corporation
·
United Raw Material Pte. Ltd.
·
Zhejiang Guxiandao Polyester Dope Dyed Yarn Co. Ltd
·
Oriental Industries (Suzhou) Ltd
·
Quanzhou Chengxie Trade Co., Ltd
·
Zhejiang Kingsway High-Tech Fiber Co., Ltd
·
AYM Syntex Limited
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“China is known for being
less reliant on imports and manufacturing the products itself, therefore
China dominates the market for High Tenacity Low Elongation Polyester Yarn manufacturing
and export thereby fueling the demand for HTLE for various applications. These
yarns also have their applications in Automotive, Cordage & Netting, and
Narrow & Broad Fabrics and therefore are witnessing increased demand in Asia-Pacific High Tenacity Low Elongation Polyester Yarn Market
till 2027”, said Mr. Karan Chechi, Research Director with TechSci Research, a
research based global management consulting firm.
“Asia Pacific High Tenacity Low Elongation Polyester
Yarn Market By Denier (Upto 2000D,
3000D-3300D, 3310D-4400D and Others), By End User (Geotextiles, Hoarding, Seat
Belt, Cord Strapping, Billboard Sheets, Fire Hose and Others), By Country, Competition, Forecast
& Opportunities, 2017-2027F”, has evaluated the future
growth potential of Asia-Pacific High Tenacity Low
Elongation Polyester Yarn Market and provides statistics &
information on market size, structure, and future market growth. The report
intends to provide cutting-edge market intelligence and help decision makers
take sound investment decisions. Besides, the report also identifies and
analyzes the emerging trends along with essential drivers, challenges, and
opportunities in Asia-Pacific High Tenacity Low Elongation Polyester
Yarn Market.
Contact
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Email: [email protected]
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