Asia Pacific High Modulus Low Shrinkage Polyester Yarn Market to be Valued USD 1143 Million by 2027
Growing popularity for
technical textile and growing demand from automotive sector to drive Asia
Pacific High Modulus Low Shrinkage Polyester Yarn Market.
According to TechSci Research
report, “Asia Pacific High
Modulus Low Shrinkage Polyester Yarn Market - By Country, Competition, Forecast
& Opportunities, 2017-2027”, Asia Pacific High Modulus Low Shrinkage Polyester Yarn Market stood
at USD775.28 million in 2022 and is projected to grow at a CAGR of 8.07% in the
forecast period. In the automobile sector, High Modulus Low Shrinkage Polyester
Yarn is used for producing car tire cord fabrics, conveyors, and V-belts.
As a material, HMLS
polyester yarn is extremely tear-resistant; however, it possess high elastic,
temperature, and dimensional stability. These properties are due to the polymer
being more crystalline than its high tenacity counterparts. Due to HMLS polyester
yarn's unique properties, such as greater elasticity and dimensional stability,
it is used in the production of hoses, automotive tires, cord fabrics,
conveyors, and v-belts for the mechanical rubber goods industry. It is also
used to improve the dimensional stability of the fabric and provides better
durability to heat and chemicals.
Browse over 71 market
data Figures and 4 market data Tables spread through 122 Pages and an in-depth
TOC on "Asia Pacific High Modulus Low Shrinkage Polyester Yarn Market"
Asia
Pacific High Modulus Low Shrinkage Polyester Yarn Market is segmented on the basis of denier,
end user, type, country, and company.
Based on the
end user, the market is segmented into Tire Cords, Conveyors, Hoses, V-Belts
and Others. Tire Cords lead the market with a market share of 65.60% 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 43.17% on account
of widespread use and adoption of High Modulus Low Shrinkage Polyester Yarn. China
is the leading player owing to a large number of automotive and auto
ancillaries in the country. However, the scenario is expected to change in the
coming years and India and Vietnam are anticipated to register higher CAGRs of
more than 9% in value terms during the forecast period. The radialization in HCV
and MCV in South Asia is set to have increased to over 50% in 2022 from 35% in
2015 and is likely to cross 70% by 2027.
Major
market players operating in the Asia Pacific High Modulus Low Shrinkage
Polyester Yarn Market are:
·
Hengli Group
·
Hyosung Advanced
Materials Corporation
·
United Raw Material
Pte. Limited
·
Zhejiang Guxiadano Polyester Dope Dyed Yarn Co. Limited
·
Zhejiang Unifull
Industrial Fibre Co. Limited
·
Jiangsu Taiji
Industry New Materials Co., Limited
·
Shinkong Synthetic Fibers Corporation
·
Zhejiang Hailide New
Material Co. Limited
·
PT INDO KORDSA Tbk
·
Oriental Industries
(Suzhou) Limited
·
Indorama Ventures Limited
Download Free Sample Report
Customers
can also request for 10% free customization on this report.
“Waste recycling of
polypropylene and nylon has grown in recent years, but polyester recycling is
the most developed and cost-effective of all these processes. Recycled
polyester yarn is utilized in many end-use industries, including carpet, rope,
and hoses. It is principally used to manufacture High Modulus Low Shrinkage
polyester yarn (HMLS). As a result, because it fits customer demand for
"green" products, High Modulus Low Shrinkage Polyester Yarn (HMLS) is
an environmentally beneficial solution and the demand for HMLS Polyester Yarn
in Asia Pacific is expected to rise even more in the next years as the country
remains one of the world's largest vehicle marketplace.,” according to Mr.
Karan Chechi, Research Director of TechSci Research, a research-based global
management consulting firm.
“Asia Pacific High Modulus Low Shrinkage Polyester Yarn Market By
Denier (1000D 320F, 1300D 432F, 1500D 480F, 1000D 192F, 2000D 480F, 2200D 640F,
Others {1000D 335F, 1000D 320F, 1017D 212F, etc.}), By End User (Tire Cords,
Conveyors, V-Belts, Hoses, Others {Fishing Nets, Airbags, Power Transmission Belts,
etc.}), By Type (Regular Adhesive, High Tenacity, High Count Filaments, Super
Low Shrinkage, Others {Regular Active Adhesive, Flame Retardants, etc.}), By Country, Competition,
Forecast & Opportunities, 2017-2027”, has evaluated the future
growth potential Asia Pacific High Modulus Low Shrinkage 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
Modulus Low Shrinkage Polyester Yarn Market.
Contact
Mr. Ken Mathews
708 Third Avenue,
Manhattan, NY,
New York – 10017
Tel: +1-646-360-1656
Email: [email protected]
Website: https://www.techsciresearch.com