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Report Description

Report Description

India high modulus low shrinkage polyester yarn market stood at USD 58.23 million in 2022 and is expected to grow at a steady CAGR of around 10.07% during the forecast period. This can be ascribed to the growing population in India, which will increase the demand for vehicles that will increase radial tire demand. Polyester tire cord fabric is produced by high modulus low shrinkage polyester yarn. The production count of polyester tire cord fabric-based tires 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. Other uses of high modulus low shrinkage polyester yarn are conveyors belts, v-belts, hoses, airbags, and fishing nets.

Growth in Radial Tire

Radial tires are becoming more popular in the truck and bus industries. According to estimations, radial tire share in the truck and bus segment climbed from 33% in 2015 to 40% in 2020 and is expected to rise to 60–65% by 2025. As a result, many companies produce polyester tire cord fabric made from high modulus low shrinkage polyester yarn and steel tire cord fabric for use in radial tire manufacturing. SRF LTD is one of India's largest producers of polyester tire cord fabric in India.

Growing Prevalence of Mining in India

The increasing prevalence of mining in India has increased the demand for conveyor belts, as rat-hole coal mining is banned, which increases the scope of mountaintop removal coal mining and, hence, increases the demand for conveyor belts that will boost the demand for high modulus low shrinkage polyester yarn. A few new mines of precious metals and other minerals can fuel the demand for conveyor belts.

Booming Automotive Business

Demand for high modulus low shrinkage polyester yarn depends on automotive components like airbags, hoses and automakers are paying close attention to the developing automotive clusters in cities like Gurugram and Faridabad in the north, Chennai, Bengaluru, and Hosur in the south, and Pune and Ahmedabad in the west which is a positive sign for increasing demand of high modulus low shrinkage polyester yarn market.


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Market Segmentation

The India high modulus low shrinkage polyester yarn market is segmented based on denier, end-user, type, region, and company. Based on denier, the market is divided into 1000D 320F, 1300D 432F, 1500D 480F, 1000D 192F, 2000D 480F, 2200D 640F, Others {1000D 335F, 1000D 320F, 1017D 212F, etc.}. Based on end-user, the market is divided into tire cords, conveyors, v-belts, hoses, others {fishing nets, airbags, power transmission belts, etc.}. Based on type, the market is divided into regular adhesive, high tenacity, high count filaments, super low shrinkage, and others {regular active adhesive, flame retardants, etc.}. Regionally, the market is divided into West, South, North and East.  

Company Profiles

Zhejiang Guxiadano Polyester Dope Dyed Yarn Co. Limited, SRF Limited, Reliance Industries Limited, Hyosung Advanced Materials Corporation and Shinkong Synthetic Fibers Corporation, among others are some of the major market companies operating in the in the India high modulus low shrinkage polyester yarn market.

Attribute

Details

Market size value in 2022

USD 58.33 Million

Revenue Forecast in 2028

USD 107.60 Million

Growth Rate

10.07%

Base Year

2022

Historical Years

2018 – 2022

Estimated Year

2023

Forecast Period

2023 – 2028

Quantitative Units

Revenue in USD Million, and CAGR for 2018-2022 and 2023-2028

Report Coverage

Revenue forecast, company share, competitive landscape, growth factors, and trends

Segments Covered

·         Denier

·         Type

·         End User

·         Region

·         Company

Regional Scope

North; South; West; East

Key Companies Profiled

Zhejiang Guxiadano Polyester Dope Dyed Yarn Co. Limited, SRF Limited, Reliance Industries Limited, Hyosung Advanced Materials Corporation and Shinkong Synthetic Fibers Corporation

Customization Scope

10% free report customization with purchase. Addition or alteration to country, regional & segment scope.

Pricing and Purchase Options

Avail customized purchase options to meet your exact research needs. Explore purchase options

Delivery Format

PDF and Excel through Email (We can also provide the editable version of the report in PPT/pdf format on special request)

 

Report Scope:

In this report, India 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:

  • India High Modulus Low Shrinkage Polyester Yarn Market, By Denier:
    • 1000D 192F
    • 1000D 320F
    • 1500D 480 F
    • 1300 D 432F
    • 2000D 480F
    • 2200D 640F
    • Others
  • India High Modulus Low Shrinkage Polyester Yarn Market, By End User:
    • Tire Cords
    • Conveyors
    • Hoses
    • V-Belt
    • Others
  • India High Modulus Low Shrinkage Polyester Yarn Market, By Type:
    • Regular Adhesive Type
    • Super Low Shrinkage
    • High Count Filaments
    • High Tenacity
    • Others
  • India High Modulus Low Shrinkage Polyester Yarn Market, By Region:
    • West
    • South
    • North
    • East

Competitive Landscape

Company Profiles: Detailed analysis of the major companies present in India 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

Table of content

1.    Product Overview

2.    Research Methodology

3.    Executive Summary

4.    India High Modulus Low Shrinkage Polyester Yarn Market Outlook, 2018-2028F

4.1.  Market Size & Forecast

4.1.1.    By Value & Volume

4.2.  Market Share & Forecast

4.2.1.    By Denier (1000D 320F, 1300D 432F, 1500D 480F, 1000D 192F, 2000D 480F, 2200D 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 (West, South, North, East)

4.2.5.    By Company (2022)

4.3.  Product Market Map (By Denier, By End User, By Type, By Region)

5.    Margin Analysis

6.    West India 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

7.    South India High Modulus Low Shrinkage Polyester Yarn Market Outlook

7.1.  Market Size & Forecast       

7.1.1.    By Value & Volume

7.2.  Market Share & Forecast

7.2.1.    By Denier

7.2.2.    By End User

8.    North India High Modulus Low Shrinkage Polyester Yarn Market Outlook

8.1.  Market Size & Forecast       

8.1.1.    By Value & Volume

8.2.  Market Share & Forecast

8.2.1.By Denier

8.2.2.By End User

9.    East India High Modulus Low Shrinkage Polyester Yarn Market Outlook

9.1.  Market Size & Forecast

9.1.1.    By Value & Volume

9.2.  Market Share & Forecast

9.2.1.By Denier

9.2.2.By End User

10. Market Dynamics

10.1.     Drivers

10.2.     Challenges

11. Market Trends & Developments

12. Value Chain Analysis

13. Pricing Analysis, 2022

13.1.     By Denier & Filament

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

15. India High Modulus Low Shrinkage Polyester Yarn Import Outlook

15.1.    Country Wise Import (In Value and Volume – Last 3 Years)

16. Policy & Regulatory Landscape

17. India Nylon Tire Cord Fabric and High Modulus Low Shrinkage Based Polyester Tire Cord Fabric Market Outlook

18. Competitive Landscape

18.1.    Zhejiang Guxiadano Polyester Dope Dyed Yarn Co. Limited

18.2.    SRF Limited

18.3.    Reliance Industries Limited

18.4.    Hyosung Advanced Materials Corporation

18.5.    Shinkong Synthetic Fibers Corporation

19. Strategic Recommendations

(Note: The companies list can be customized based on the client requirements.)

Note: The data given for any year represents the market during the period, i.e., 1st April of the previous year to 31st March of that year. e.g.: For 2022E, the data represents the period, 1st April 2021 to 31st March 2022. Please note that all the macroeconomic indicators in the economic profiles are for Calendar year.

Figures and Tables

Figure 1: India High Modulus Low Shrinkage Polyester Yarn Market Size, By Value (USD Million), 2018-2028F

Figure 2: India Tire Production, By Volume (Million Units), FY2017-FY2021

Figure 3: India High Modulus Low Shrinkage Polyester Yarn Market Size, By Volume (Thousand Tonnes), 2018-2028F

Figure 4: India High Modulus Low Shrinkage Polyester Yarn Market Size, By Denier, By   Volume (Thousand Tonnes), 2018-2028F

Figure 5: India High Modulus Low Shrinkage Polyester Yarn Market Size, By End User, By Volume (Thousand Tonnes), 2018-2028F

Figure 6: India Automotive Sales, By Type, By Volume ((Million), FY2021

Figure 7: Passenger Car Sales Across India in 2021, By Manufacturer (in thousands)

Figure 8: India High Modulus Low Shrinkage Polyester Yarn Market Size, By Type, By Volume (Thousand Tonnes), 2018-2028F

Figure 9: India High Modulus Low Shrinkage Polyester Yarn Market Size, By Region, By Volume (Thousand Tonnes), 2018-2028F

Figure 10: India High Modulus Low Shrinkage Polyester Yarn Market Share, By Company, By Value, 2022

Figure 11: India High Modulus Low Shrinkage Polyester Yarn Market Map, By Denier, Market Size (Thousand Tonnes) & Growth Rate (%), 2022

Figure 12: India High Modulus Low Shrinkage Polyester Yarn Market Map, By End User, Market Size (Thousand Tonnes) & Growth Rate (%), 2022

Figure 13: India High Modulus Low Shrinkage Polyester Yarn Market Map, By Type, Market Size (Thousand Tonnes) & Growth Rate (%), 2022

Figure 14: India High Modulus Low Shrinkage Polyester Yarn Market Map, By Region, Market Size (Thousand Tonnes) & Growth Rate (%), 2022

Figure 15: West India High Modulus Low Shrinkage Polyester Yarn Market Size, By Value (USD Million), 2018-2028F

Figure 16: West India High Modulus Low Shrinkage Polyester Yarn Market Size, By Volume (Thousand Tonnes), 2018-2028F

Figure 17: West India High Modulus Low Shrinkage Polyester Yarn Market Size, By Denier, By Volume (Thousand Tonnes), 2018-2028F

Figure 18: West India High Modulus Low Shrinkage Polyester Yarn Market Size, By End User, By Volume (Thousand Tonnes), 2018-2028F

Figure 19: South India High Modulus Low Shrinkage Polyester Yarn Market Size, By Value (USD Million), 2018-2028F

Figure 20: South India High Modulus Low Shrinkage Polyester Yarn Market Size, By Volume (Thousand Tonnes), 2018-2028F

Figure 21: South India High Modulus Low Shrinkage Polyester Yarn Market Size, By Denier, By Volume (Thousand Tonnes), 2018-2028F

Figure 22: South India High Modulus Low Shrinkage Polyester Yarn Market Size, By End User, By Volume (Thousand Tonnes), 2018-2028F

Figure 23: North India High Modulus Low Shrinkage Polyester Yarn Market Size, By Value (USD Million), 2018-2028F

Figure 24: Number of LPG Bottling Plants in North India, As of July 2020, By State

Figure 25: North India High Modulus Low Shrinkage Polyester Yarn Market Size, By Volume (Thousand Tonnes), 2018-2028F

Figure 26: Number of Registered Cars in North India, By State, As of FY2019, (in 1,000s)

Figure 27: North India High Modulus Low Shrinkage Polyester Yarn Market Size, By Denier, By Volume (Thousand Tonnes), 2018-2028F

Figure 28: North India High Modulus Low Shrinkage Polyester Yarn Market Size, By End User, By Volume (Thousand Tonnes), 2018-2028F

Figure 29: East India High Modulus Low Shrinkage Polyester Yarn Market Size, By Value (USD Million), 2018-2028F

Figure 30: East India Coal Production in Metric Tonnes, FY2020

Figure 31: East India High Modulus Low Shrinkage Polyester Yarn Market Size, By Volume (Thousand Tonnes), 2018-2028F

Figure 32: East India High Modulus Low Shrinkage Polyester Yarn Market Size, By Denier, By Volume (Thousand Tonnes), 2018-2028F

Figure 33: East India High Modulus Low Shrinkage Polyester Yarn Market Size, By End User, By Volume (Thousand Tonnes), 2018-2028F


List of Tables:


Table 1: Yarn Types, Denier (D) & Applications

Table 2: India Major Tire Producers, By Region

Table 3: India High Modulus Low Shrinkage Polyester Yarn Pricing Analysis by Denier & Filament, In USD/KG (Q4 FY2022)

Table 4: India High Modulus Low Shrinkage Polyester Yarn Pricing Analysis by Import, by Denier & Filament, In USD/Kg

Table 5: India High Modulus Low Shrinkage Polyester Yarn Pricing Analysis by Domestic, by Denier & Filament, In USD/Kg

Table 6: Country Wise High Modulus Low Shrinkage Polyester Yarn Import, 2019

Table 7: Country Wise High Modulus Low Shrinkage Polyester Yarn Import, 2020

Table 8: Country Wise High Modulus Low Shrinkage Polyester Yarn Import, 2021

Table 9: Country Wise High Modulus Low Shrinkage Polyester Yarn Import (Thousand Tonnes), 2018-2028

Table 10: India HMLS & Nylon 6 Based Tire Cord Fabric Pricing, April 2021-March 2022

Frequently asked questions

Frequently asked questions

The India high modulus low shrinkage polyester yarn market is expected to grow at a CAGR of 10.07% and reach USD 107.60 million in 2028 on account of growing use of high modulus low shrinkage polyester yarn market for different purposes.

By end-user, tire cord is expected to grow at a CAGR of 8.91% and reach USD30.22 Million on account of the increasing use of tire cords in India.

The major players operating in India high modulus low shrinkage polyester yarn market include Zhejiang Guxiadano Polyester Dope Dyed Yarn Co. Limited, SRF Limited, Reliance Industries Limited, Hyosung Advanced Materials Corporation and Shinkong Synthetic Fibers Corporation among others.

Increasing prices of crude oil and volatile prices of polyester chips textile grade and import of low-cost high modulus low shrinkage polyester yarn from China, Taiwan, and Korea in India is a major factor restraining the growth of India high modulus low shrinkage polyester yarn market in India.

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