Market Insights and Analysis: Asia Pacific High Modulus Low Shrinkage Polyester Yarn Market Overview and Projections (2022-2027)
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.
Top leading companies in the Asia Pacific High Modulus Low Shrinkage Polyester Yarn Market includes:
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
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.
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Report Segmentation:
The market is categorized into the following segments in the report:
By Denier
-Upto 2000D
-3000D-3300D
-3310D-4400D
-Above 4401D
- Up-to 2000D is anticipated to demonstrate considerable growth in the Asia-Pacific High Modulus Low Shrinkage Polyester Yarn Market during the forecast period.
By End-User
-Geotextiles
-Conveyors
-Tire Cords
-V-Belts
-Power Transmission Belts
-Seat Belt
-Fire Hose
-Other (Cord Strappings, Billboard Sheets, Hoarding, etc.)
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Asia Pacific High Modulus Low Shrinkage Polyester Yarn Market Geographic Reach:
The Geographic Reach of the Asia Pacific High Modulus Low Shrinkage Polyester Yarn Market evaluates the spread and significance of Asia Pacific High Modulus Low Shrinkage Polyester Yarn market consumption across different regions/country, emphasizing areas with the largest market size and the most promising growth potential.
- China
- Japan
- India
- South Korea
- Thailand
- Vietnam
- Singapore
- Indonesia
- Australia & New Zealand
- Rest of Asia-Pacific
Note: If you require specific information not covered in the current report, we can provide it through customized option
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