Markntel Advisors’ report, Asia Pacific High Modulus Low Shrinkage Polyester Yarn Research Report: Trend, Business Growth, Size, Future Scope, Segmentation, Dynamics, and Forecast to 2027, offers a comprehensive guide for the growing industry. The expert team of analysts dedicated significant effort to gathering and evaluating the latest market data, resulting in a detailed and up-to-date report that offers valuable insights for individuals who rely on data-driven decisions, including business owners and analysts. The research report on the Asia Pacific High Modulus Low Shrinkage Polyester Yarn presents well-researched facts and figures pertinent to the industry, whether the goal is to explore new markets, launch a new product, or maintain a competitive advantage.
Asia Pacific High Modulus Low Shrinkage Polyester Yarn Market Research Report & Market Summary:
The Asia-Pacific High Modulus Low Shrinkage Polyester Yarn Market is projected to grow at a CAGR of around 9.14% during the forecast period, i.e., 2022-27. The market is swiftly driven by the rapidly growing demand for HMLS polyester yarn from the technical textile industry to manufacturing various parts across the automotive, construction, & mining industries. Additionally, the mechanical rubber goods industry exhibits a widespread adoption of HMLS polyester yarn owing to high elasticity & stability in manufacturing cord textiles, tires, hoses, conveyors, and v-belts.
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Asia Pacific High Modulus Low Shrinkage Polyester Yarn Market Dynamics:
Key Driver-
Expanding Automotive Industry & Vehicle Fleet in Asia-Pacific – Backed by the growing middle-class population & their increasing per capita income, the affordability for new vehicles among people has escalated substantially across the region, demonstrating a swift expansion of the automotive industry and high vehicle fleet. It, in turn, exemplifies a rise in the demand for HMLS Polyester Yarn for the production of tires & curating the industry dynamics.
The same aspect is also generating lucrative opportunities for the prominent players in the region to increase their production & distribution capacities and cater to the burgeoning demands. Along with this, the presence of various Original Equipment Manufacturers (OEMs), like Toyota, TATA, and Kia, among others, offering affordable cars are also contributing to the automotive industry expansion and upsurging the requirements for components like seat belts, tires, seats, etc. As a result, the demand for High Modulus Low Shrinkage Polyester Yarn is mounting & driving the market through 2027.
Asia Pacific High Modulus Low Shrinkage Polyester Yarn Market Segmentation Analysis:
According to MarkNtel study the market is segmented into the following categories:
By Denier
- Upto 2000D
- 3000D-3300D
- 3310D-4400D
- Above 4401D
Among all, Up-to 2000D is anticipated to demonstrate considerable growth in the Asia-Pacific High Modulus Low Shrinkage Polyester Yarn Market during the forecast period. This growth attributes to the mounting demand for products like a sling, conveyor belt fabric, geotextile, rope, etc., from industries like construction, automotive, etc.
By End-User
- Geotextiles
- Conveyors
- Tire Cords
- V-Belts
- Power Transmission Belts
- Seat Belt
- Fire Hose
- Other (Cord Strappings, Billboard Sheets, Hoarding, etc.)
By Country
- China
- Japan
- India
- South Korea
- Thailand
- Vietnam
- Singapore
- Indonesia
- Australia & New Zealand
- Rest of Asia-Pacific.
China holds the largest share of the Asia-Pacific High Modulus Low Shrinkage Polyester Yarn Market and is anticipated to prevail in the same trend during the forecast period.
As indicated in the latest market research report published by Markntel Advisors, “Asia Pacific High Modulus Low Shrinkage Polyester Yarn Research Report: Forecast (2022-2027)”, this report offers a detailed analysis of the industry, featuring insights into the Asia Pacific High Modulus Low Shrinkage Polyester Yarn industry. It encompasses competitor and geographical analyses, as well as recent advancements in the market.
Browse Full Report Along with TOC and Figures – https://www.marknteladvisors.com/research-library/asia-pacific-high-modulus-low-shrinkage-polyester-yarn-market.html
Top Companies Operating in the Asia Pacific High Modulus Low Shrinkage Polyester Yarn Market:
- Zhejiang Guxiadano Polyester Dope Dyed Yarn Co. Limited
- SRF Limited
- Reliance Industries Limited
- Shinkong Synthetic Fibers Corporation
- Hyosung Advanced Materials Corporation
- Hengli Group
- PT INDO KORDSA Tbk
- Shinkong Synthetic Fibers Corporation
- United Raw Material Pte. Limited
- Indorama Ventures Limited
- Others.
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Key Report Highlights:
- Market Dimensions & Projections
- Pricing Evaluation,
- Recent Strategic Moves by Companies,
- Primary Stakeholders,
- Analysis of Import and Export Trends,
- Competitive Landscape Assessment,
- Emerging Opportunities,
- Market Trends and Indicators
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