Asia Pacific High Modulus Low Shrinkage Polyester Yarn Market By Denier (1000D 192F -1210 192F, 1300D 432F -1670 192F, 2000D 480F - 2200 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

Industry : Chemicals
Pages : 123
Published Date : July, 2022

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Summary

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Report Description

Asia Pacific High modulus Low Shrinkage (HMLS) Polyester Yarn market stood at USD671.16 million in 2021 and is expected to grow at a CAGR of 8.07% during the forecast period. Because of elasticity and stability of High Modulus Low Shrinkage Polyester Yarn, it is utilized in the mechanical rubber goods industry to manufacture hoses, tires, cord textiles, conveyors, and v-belts. Increased demand can be ascribed to the growing population in Asia Pacific, which is going to push the demand for vehicles and thus the demand for radial tires. Polyester Tire Cord Fabric (PTCF), PTCF is produced by High Modulus Low Shrinkage Polyester Yarn. The production count of PTCF based tire is expected to increase in the coming years leading to an increase in the production of tires made from Polyester Tire Cord Fabric over Nylon Tire Cord Fiber (NTCF).

Global demand for high modulus low shrinkage polyester yarn stood at 836.06 thousand tonnes in 2021 and that of Asia Pacific stood at 354.49 thousand tonnes in the same year.

Growing Popularity for Technical Textile

The industry is witnessing emergence of innovative textiles, fabrics that can be used for a variety of purposes, and yarns that are multi-functional and beneficial in a wide range of industries. Countries are organizing their sectors to accommodate technology textiles as a result of technological breakthroughs. This change may also be seen in the APAC textile industry, which is shifting away from traditional textiles toward technology textiles.

Growing Localization of Markets

China is a market leader in manufacturing and exporting high modulus low shrinkage polyester yarn because it is known for being less reliant on imports and for making products in-house. India is also trying to follow China's lead by investing USD1400.78 million in January 2022 as part of the Production Linked Incentive (PLI) scheme, which aims to boost domestic investment and reduce reliance on imported resources and goods. This will help the Indian market grow in terms of high modulus low shrinkage polyester yarn through 2030.

Growing Demand from the Automotive Industry

Over the next few years, the rising use of high modulus low shrinkage polyester yarn in the automotive industry is predicted to push market growth. In the automotive business, high modulus low shrinkage polyester yarn is used to make automobile tires and mechanical rubber goods, among others. Because all radial tires are created with HMLS polyester yarn, and radial tires are becoming more popular in the automobile sector. However, due to increased vehicle sales, applications across the automotive industry, such as in automotive fabrics, are expected to develop in the coming years, resulting in significantly more market opportunities.

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Market Segmentation

The Asia Pacific High Modulus Low Shrinkage Polyester Yarn market is segmented on the basis of denier, end user, type, country and by company. Based on denier, the market is divided into 1000D 192F -1210 192F, 1300D 432F -1670 192F, 2000D 480F - 2200 640F, Others. Based on end user, the market is divided into Tire Cords, Conveyors, V-Belts, Hoses, Others {Fishing Nets, Airbags, Power Transmission Belts, etc}. In terms of type, the market is divided into Regular Adhesive, High Tenacity, High Count Filaments, Super Low Shrinkage, Others {Regular Active Adhesive, Flame retardants, etc}.

Company Profiles

Hengli Group, Hyosung Advance Materials Corporation, United Raw Materials Pte Ltd., Zhejiang Guxiandao Polyester Dope Dyed Yarn Company Limited, Zhejiang Unifull Industrial Fibre Co. Limited, Jiangsu Taiji Industry New Materials Co., LTD, Shinkong Synthetic Fibers Corporation, Zhejiang Hailide New Material Co. Limited, PT INDO KORDSA Tbk, and Oriental Industries (Suzhou) Limited and Indorama Ventures Limited among others are some of the major market companies operating in the in the Asia Pacific high Modulus Low Shrinkage Polyester Yarn market.

Attribute	Details
Market size value in 2021	USD 671.6 million
Revenue Forecast in 2027	USD 1143.08 Million
Growth Rate	8.07%
Base Year	2021
Historical Years	2017 – 2020
Estimated Year	2022
Forecast Period	2023 – 2027
Quantitative Units	Revenue in USD Million, and CAGR for 2017-2021and 2022-2027
Report Coverage	Revenue forecast, company share, competitive landscape, growth factors, and trends
Segments Covered	· Denier · Type · End User · Country · Company
Key Companies Profiled	Hengli Group, Hyosung Advance Materials Corporation, United Raw Materials Pte Ltd., Zhejiang Guxiandao Polyester Dope Dyed Yarn Company Limited, Zhejiang Unifull Industrial Fibre Co. Limited, Jiangsu Taiji Industry New Materials Co., LTD, Shinkong Synthetic Fibers Corporation, Zhejiang Hailide New Material Co. Limited, PT INDO KORDSA Tbk, and Oriental Industries (Suzhou) Limited and Indorama Ventures Limited
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Report Scope:

In this report, Asia Pacific High Modulus Low Shrinkage Polyester Yarn Market has been segmented into following categories, in addition to the industry trends which have also been detailed below:

Asia Pacific High Modulus Low Shrinkage Polyester Yarn Market, By Denier:

1000D 192F -1210 192F
1300D 432F -1670 192F
2000D 480F - 2200 640F
Others

Asia Pacific High Modulus Low Shrinkage Polyester Yarn Market, By End User:

Tire Cords
Conveyors
Hoses
V-Belt
Others

Asia Pacific High Modulus Low Shrinkage Polyester Yarn Market, By Type:

Regular Adhesive Type
Super Low Shrinkage
High Count Filaments
High Tenacity
Others

Asia Pacific High Modulus Low Shrinkage Polyester Yarn Market, By Country:

China
India
Taiwan
South Korea
Japan
Indonesia
Thailand
Vietnam
Philippines
Australia

Competitive Landscape

Company Profiles: Detailed analysis of the major companies present in Asia Pacific High Modulus Low Shrinkage Polyester Yarn market.

Available Customizations:

With the given market data, TechSci Research offers customizations according to a company’s specific needs. The following customization options are available for the report:

Company Information

Detailed analysis and profiling of additional market players (up to five).

Table of content

1. Product Overview

2. Research Methodology

3. Executive Summary

4. Global High Modulus Low Shrinkage Polyester Yarn Market Outlook

4.1. Market Size & Forecast

4.1.1. By Value & Volume

4.2. Market Size & Forecast

4.2.1. By Denier (1000D 192F -1210 192F, 1300D 432F -1670 192F, 2000D 480F - 2200 640F, Others {1000D 335F, 1000D 320F, 1017D 212F, etc.})

4.2.2. By End User (Tire Cords, Conveyors, V-Belts, Hoses, Others {Fishing Nets, Airbags, Power Transmission Belts, etc.})

4.2.3. By Type (Regular Adhesive, High Tenacity, High Count Filaments, Super Low Shrinkage, Others {Regular Active Adhesive, Flame retardants, etc.})

4.2.4. By Region (Asia Pacific, Europe, North America, South America & Middle East and Africa)

5. Asia Pacific High Modulus Low Shrinkage Polyester Yarn Market Outlook

5.1. Market Size & Forecast

5.1.1. By Value & Volume

5.2. Market Size & Forecast

5.2.1. By Denier (1000D 192F -1210 192F, 1300D 432F -1670 192F, 2000D 480F - 2200 640F, Others {1000D 335F, 1000D 320F, 1017D 212F, etc.})

5.2.2. By End User (Tire Cords, Conveyors, V-Belts, Hoses, Others {Fishing Nets, Airbags, Power Transmission Belts, etc.})

5.2.3. By Type (Regular Adhesive Type, High Tenacity, High Count Filaments, Super Low Shrinkage, Others {Regular Active Adhesive, Flame retardants, etc.})

5.2.4. By Country (China, India, Taiwan, South Korea, Japan, Indonesia, Thailand, Vietnam, Philippines, Australia)

5.2.5. By Company (2022)

5.3. Market Map (By Denier, By End User, By Type, By Country)

6. China High Modulus Low Shrinkage Polyester Yarn Market Outlook

6.1. Market Size & Forecast

6.1.1. By Value & Volume

6.2. Market Size & Forecast

6.2.1. By Denier

6.2.2. By End User

6.2.3. Competition Outlook

7. India High Modulus Low Shrinkage Polyester Yarn Market Outlook

7.1. Market Size & Forecast

7.1.1. By Value & Volume

7.2. Market Size & Forecast

7.2.1. By Denier

7.2.2. By End User

7.2.3. Competition Outlook

8. Taiwan High Modulus Low Shrinkage Polyester Yarn Market Outlook

8.1. Market Size & Forecast

8.1.1. By Value & Volume

8.2. Market Size & Forecast

8.2.1. By Denier

8.2.2. By End User

8.2.3. Competition Outlook

9. South Korea High Modulus Low Shrinkage Polyester Yarn Market Outlook

9.1. Market Size & Forecast

9.1.1. By Value & Volume

9.2. Market Size & Forecast

9.2.1. By Denier

9.2.2. By End User

9.2.3. Competition Outlook

10. Japan High Modulus Low Shrinkage Polyester Yarn Market Outlook

10.1. Market Size & Forecast

10.1.1. By Value & Volume

10.2. Market Size & Forecast

10.2.1. By Denier

10.2.2. By End User

10.2.3. Competition Outlook

11. Indonesia High Modulus Low Shrinkage Polyester Yarn Market Outlook

11.1. Market Size & Forecast

11.1.1. By Value & Volume

11.2. Market Size & Forecast

11.2.1. By Denier

11.2.2. By End User

11.2.3. Competition Outlook

12. Thailand High Modulus Low Shrinkage Polyester Yarn Market Outlook

12.1. Market Size & Forecast

12.1.1. By Value & Volume

12.2. Market Size & Forecast

12.2.1. By Denier

12.2.2. By End User

12.2.3. Competition Outlook

13. Vietnam High Modulus Low Shrinkage Polyester Yarn Market Outlook

13.1. Market Size & Forecast

13.1.1. By Value & Volume

13.2. Market Size & Forecast

13.2.1. By Denier

13.2.2. By End User

13.2.3. Competition Outlook

14. Philippines High Modulus Low Shrinkage Polyester Yarn Market Outlook

14.1. Market Size & Forecast

14.1.1. By Value & Volume

14.2. Market Size & Forecast

14.2.1. By Denier

14.2.2. By End User

14.2.3. Competition Outlook

15. Australia High Modulus Low Shrinkage Polyester Yarn Market Outlook

15.1. Market Size & Forecast

15.1.1. By Value & Volume

15.2. Market Size & Forecast

15.2.1. By Denier

15.2.2. By End User

15.2.3. Competition Outlook

16. Market Dynamics

16.1. Drivers

16.2. Challenges

17. Market Trends and Developments

18. Pricing Analysis

18.1. By Denier & Filament

19. Impact of COVID-19 on APAC High Modulus Low Shrinkage Polyester Yarn Market

20. Asia Pacific High Modulus Low Shrinkage Polyester Yarn Import - Export Analysis

20.1. Country Wise Import

20.2. Country Wise Export

21. Competitive Landscape

21.1. Hengli Group

21.2. Hyosung Advanced Materials Corporation

21.3. United Raw Material Pte. Limited

21.4. Zhejiang Guxiadano Polyester Dope Dyed Yarn Co. Limited

21.5. Zhejiang Unifull Industrial Fibre Co. Limited

21.6. Jiangsu Taiji Industry New Materials Co., Limited

21.7. Shinkong Synthetic Fibers Corporation

21.8. Zhejiang Hailide New Material Co. Limited

21.9. PT INDO KORDSA Tbk

21.10. Oriental Industries (Suzhou) Limited

21.11. Indorama Ventures Limited

22. Strategic Recommendations

23. About Us & Disclaimer

Figures and Tables

Figure 1: Global High Modulus Low Shrinkage Polyester Yarn Market Size, By Value (USD Million), 2017-2027F

Figure 2: Global Tire Market Share, By Vehicle Type, By Volume, 2017-2021

Figure 3: Global High Modulus Low Shrinkage Polyester Yarn Market Size, By Volume (Thousand Tonnes), 2017-2027F

Figure 4: WTI Brent Crude Monthly Crude Oil Price, Jan 2021 to May 2022, (USD/Barrel)

Figure 5: Global High Modulus Low Shrinkage Polyester Yarn Market Size, By Denier, By Volume (Thousand Tonnes), 2017-2027F

Figure 6: Global High Modulus Low Shrinkage Polyester Yarn Market Size, By End User, By Volume (Thousand Tonnes), 2017-2027F

Figure 7: Global High Modulus Low Shrinkage Polyester Yarn Market Size, By Type, By Volume (Thousand Tonnes), 2017-2027F

Figure 8: Global High Modulus Low Shrinkage Polyester Yarn Market Size, By Region, By Volume (Thousand Tonnes), 2017-2027F

Figure 9: Asia Pacific High Modulus Low Shrinkage Polyester Yarn Market Size, By Value (USD Million), 2017-2027F

Figure 10: Asia Pacific High Modulus Low Shrinkage Polyester Yarn Market Size, By Volume (Thousand Tonnes), 2017-2027F

Figure 11: Asia Pacific High Modulus Low Shrinkage Polyester Yarn Market Size, By Denier, By Volume (Thousand Tonnes), 2017-2027F

Figure 12: Asia Pacific, Export of Tire Cord Fabric of Polyester, By Percentage Share, 2020

Figure 13: Asia Pacific High Modulus Low Shrinkage Polyester Yarn Market Size, By End User, By Volume (Thousand Tonnes), 2017-2027F

Figure 14: Asia Pacific, Import of Tire Cord Fabric of Polyester, By Percentage Share, 2020

Figure 15: Asia Pacific High Modulus Low Shrinkage Polyester Yarn Market Size, By Type, By Volume (Thousand Tonnes), 2017-2027F

Figure 16: Asia Pacific High Modulus Low Shrinkage Polyester Yarn Market Size, By Region, By Volume (Thousand Tonnes), 2017-2027F

Figure 17: Asia Pacific High Modulus Low Shrinkage Polyester Yarn Market Share, By Company, By Value, 2021

Figure 18: Asia Pacific High Modulus Low Shrinkage Polyester Yarn Market Map, By Denier, Market Size (Thousand Tonnes) & Growth Rate (%), 2021

Figure 19: Asia Pacific High Modulus Low Shrinkage Polyester Yarn Market Map, By End User, Market Size (Thousand Tonnes) & Growth Rate (%), 2021

Figure 20: Asia Pacific High Modulus Low Shrinkage Polyester Yarn Market Map, By Type, Market Size (Thousand Tonnes) & Growth Rate (%), 2021

Figure 21: Asia Pacific High Modulus Low Shrinkage Polyester Yarn Market Map, By Country, Market Size (Thousand Tonnes) & Growth Rate (%), 2021

Figure 22: China High Modulus Low Shrinkage Polyester Yarn Market Size, By Value (USD Million), 2017-2027F

Figure 23: China High Modulus Low Shrinkage Polyester Yarn Market Size, By Volume (Thousand Tonnes), 2017-2027

Figure 24: China High Modulus Low Shrinkage Polyester Yarn Market Size, By Denier, By Volume (Thousand Tonnes), 2017-2027F

Figure 25: China Light Commercial Vehicle Tire Market Share, By Tire Construction Type, By Volume, 2017-2027F

Figure 26: China High Modulus Low Shrinkage Polyester Yarn Market Size, By End User, By Volume (Thousand Tonnes), 2017-2027F

Figure 27: India High Modulus Low Shrinkage Polyester Yarn Market Size, By Value (USD Million), 2017-2027F

Figure 28: India High Modulus Low Shrinkage Polyester Yarn Market Size, By Volume (Thousand Tonnes), 2017-2027F

Figure 29: India High Modulus Low Shrinkage Polyester Yarn Market Size, By Denier, By Volume (Thousand Tonnes), 2017-2027F

Figure 30: India Tire Market Share, By Vehicle Type, By Volume, 2017-2021F

Figure 31: India High Modulus Low Shrinkage Polyester Yarn Market Size, By End User, By Volume (Thousand Tonnes), 2017-2027F

Figure 32: Taiwan High Modulus Low Shrinkage Polyester Yarn Market Size, By Value (USD Million), 2017-2027F

Figure 33: Taiwan High Modulus Low Shrinkage Polyester Yarn Market Size, By Volume (Thousand Tonnes), 2017-2027F

Figure 34: Taiwan High Modulus Low Shrinkage Polyester Yarn Market Size, By Denier, By Volume (Thousand Tonnes), 2017-2027F

Figure 35: Taiwan Tire Cord Import Export, 2020

Figure 36: Taiwan High Modulus Low Shrinkage Polyester Yarn Market Size, By End User, By Volume (Thousand Tonnes), 2017-2027F

Figure 37: South Korea High Modulus Low Shrinkage Polyester Yarn Market Size, By Value (USD Million), 2017-2027F

Figure 38: South Korea High Modulus Low Shrinkage Polyester Yarn Market Size, By Volume (Thousand Tonnes), 2017-2027F

Figure 39: South Korea High Modulus Low Shrinkage Polyester Yarn Market Size, By Denier, By Volume (Thousand Tonnes), 2017-2027F

Figure 40: South Korea High Modulus Low Shrinkage Polyester Yarn Market Size, By End User, By Volume (Thousand Tonnes), 2017-2027F

Figure 41: Japan High Modulus Low Shrinkage Polyester Yarn Market Size, By Value (USD Million), 2017-2027F

Figure 42: Japan High Modulus Low Shrinkage Polyester Yarn Market Size, By Volume (Thousand Tonnes), 2017-2027F

Figure 43: Japan High Modulus Low Shrinkage Polyester Yarn Market Size, By Denier, By Volume (Thousand Tonnes), 2017-2027F

Figure 44: Japan Total Construction Activities, By Value (USD Million), 2019-2021

Figure 45: Japan High Modulus Low Shrinkage Polyester Yarn Market Size, By End User, By Volume (Thousand Tonnes), 2017-2027F

Figure 46: Japan Total Construction Investments, By Value (USD Million), 2017-2021

Figure 47: Indonesia High Modulus Low Shrinkage Polyester Yarn Market Size, By Value (USD Million), 2017-2027F

Figure 48: Indonesia High Modulus Low Shrinkage Polyester Yarn Market Size, By Volume (Thousand Tonnes), 2017-2027F

Figure 49: Indonesia High Modulus Low Shrinkage Polyester Yarn Market Size, By Denier, By Volume (Thousand Tonnes), 2017-2027F

Figure 50: Indonesia Tire Market Size, By Tire Type, By Volume (Thousand Units), 2017-2021

Figure 51: Indonesia High Modulus Low Shrinkage Polyester Yarn Market Size, By End User, By Volume (Thousand Tonnes), 2017-2027F

Figure 52: Thailand High Modulus Low Shrinkage Polyester Yarn Market Size, By Value (USD Million), 2017-2027F

Figure 53: Thailand High Modulus Low Shrinkage Polyester Yarn Market Size, By Volume (Thousand Tonnes), 2017-2027F

Figure 54: Thailand High Modulus Low Shrinkage Polyester Yarn Market Size, By Denier, By Volume (Thousand Tonnes), 2017-2027F

Figure 55: Thailand Tire Market Share, By Tire Type, By Volume, 2017-2021

Figure 56: Thailand High Modulus Low Shrinkage Polyester Yarn Market Size, By End User, By Volume (Thousand Tonnes), 2017-2027F

Figure 57: Vietnam High Modulus Low Shrinkage Polyester Yarn Market Size, By Value (USD Million), 2017-2027F

Figure 58: Vietnam High Modulus Low Shrinkage Polyester Yarn Market Size, By Volume (Thousand Tonnes), 2017-2027F

Figure 59: Vietnam High Modulus Low Shrinkage Polyester Yarn Market Size, By Denier, By Volume (Thousand Tonnes), 2017-2027F

Figure 60: Vietnam Tire Market Size, By Value, 2017 – 2021 (USD Billion)

Figure 61: Vietnam High Modulus Low Shrinkage Polyester Yarn Market Size, By End User, By Volume (Thousand Tonnes), 2017-2027F

Figure 62: Philippines High Modulus Low Shrinkage Polyester Yarn Market Size, By Value (USD Million), 2017-2027F

Figure 63: Philippines High Modulus Low Shrinkage Polyester Yarn Market Size, By Volume (Thousand Tonnes), 2017-2027F

Figure 64: Philippines High Modulus Low Shrinkage Polyester Yarn Market Size, By Denier, By Volume (Thousand Tonnes), 2017-2027F

Figure 65: Philippines Tire Market Size, By Demand Category, By Volume (Thousand Units), 2017-2021

Figure 66: Philippines High Modulus Low Shrinkage Polyester Yarn Market Size, By End User, By Volume (Thousand Tonnes), 2017-2027F

Figure 67: Australia High Modulus Low Shrinkage Polyester Yarn Market Size, By Value (USD Million), 2017-2027F

Figure 68: Australia High Modulus Low Shrinkage Polyester Yarn Market Size, By Volume (Thousand Tonnes), 2017-2027F

Figure 69: Australia High Modulus Low Shrinkage Polyester Yarn Market Size, By Denier, By Volume (Thousand Tonnes), 2017-2027F

Figure 70: Australia Light Commercial Vehicle Fleet Size, By Volume (Million Units), 2017-2027F

Figure 71: Australia High Modulus Low Shrinkage Polyester Yarn Market Size, By End User, By Volume (Thousand Tonnes), 2017-2027F

List of Tables:

Table 1: South Korea Radial Tire Production Capacity, By Company and Plant Location, 2021

Table 2: Asia Pacific High Modulus Low Shrinkage Polyester Yarn Pricing Analysis By Country, By Denier & By Filament, (USD/kg)

Table 3: Asia Pacific Hi Ten Yarn, Polyester Filament, not Sewing or Retail, Import Data (2017-2021), By Value (USD Million) & By Volume (Thousand Tonnes) (HS Code: 540220)

Table 4: Asia Pacific Hi Ten Yarn, Polyester Filament, not Sewing or Retail, Export Data (2017-2021), By Value (USD Million) & By Volume (Thousand Tonnes) (HS Code: 540220)

Frequently asked questions

What will be the market size of Asia Pacific High Modulus Low Shrinkage Polyester Yarn Market in 2027?

The Asia Pacific High Modulus Low Shrinkage Polyester Yarn Market is expected to grow at a CAGR of 8.07% and reach USD 1143.08 million in 2027 on account of growing use of High Modulus Low Shrinkage Polyester Yarn Market for different purposes.

What type of High Modulus Low Shrinkage Polyester Yarn is used in Asia Pacific Region?

In terms of type, Asia Pacific High Modulus Low Shrinkage Polyester Yarn market can be categorized into Regular Adhesive, Super Low Shrinkage, High Count Filaments, and High Tenacity and others.

Which are the major players in Asia Pacific High Modulus Low Shrinkage Polyester Yarn Market?

The major players operating in Asia Pacific High Modulus Low Shrinkage Polyester Yarn Market include Hengli Group, PT INDO KORDSA Tbk, Hyosung Advanced Materials Corporation, United Raw Material Pte. Limited, and Zhejiang Guxiandao Polyester Dope Dyed Yarn Company Limited.

What are the factors restraining the growth of Asia Pacific High Modulus Low Shrinkage Polyester Yarn Market?

Increasing prices of crude oil and volatile prices of Polyester Chips Textile Grade are major factors restraining the growth of Asia Pacific High Modulus Low Shrinkage Polyester Yarn Market in the region.

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Press Release

Asia Pacific High Modulus Low Shrinkage Polyester Yarn Market to be Valued USD 1143 Million by 2027

Jul, 2022

Growing popularity for technical textile and growing demand from automotive sector to drive Asia Pacific High Modulus Low Shrinkage Polyester Yarn Market.