The ‘Global Polyester Yarn Market Report,’ published by Reports and Data, offers a panoramic vision of the global Polyester Yarn markets. The report presents accurate details on market size and revenue growth rate over the forecast period. It expounds on the current industry scenario and offers a detailed assessment of the latest and emerging market trends. The report contains key industry statistics presented in a tabular format to give readers an exclusive picture of the global Polyester Yarn markets.
The latest industry analysis report offers in-depth information regarding the key segments and sub-segments of the global Polyester Yarn industry and emphasizes the current pandemic situation that has significantly disrupted the industry’s growth trend. Key dynamics impacting the market growth include drivers, restraints, opportunities, supply demand ratios, emerging market trends, technological innovations, and value chain analysis. The report further highlights some major challenges, imminent risks and threats, and stringent government policies and regulations that are expected to impede market growth during the forecast period. The report is aimed at enabling readers to gain deep insights into the global Polyester Yarn market and its core mechanism and capitalize on the favorable market growth prospects. It further offers a concise summary of the Polyester Yarn market’s intensely competitive landscape and lists down the leading players in the market. This section of the report also highlights the strategic initiatives undertaken by these players for long-term business growth. According to the report, The global Polyester Yarn market is expected to reach USD 106.23 Billion by 2030.
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Polyester Yarn Industry Overview
The global materials chemicals industry revenue growth can be majorly attributed to increasing demand for essential consumer goods including soaps, detergents, and beauty personal care products worldwide, rising preference for sustainable and eco-friendly raw materials, and growing use of advanced chemicals and raw materials in industries including agriculture, food beverage industries, buildings construction, automotive, packaging, and manufacturing industries. Other major factors driving the growth of this industry are rising pollution levels, increasing environmental awareness, increasing use of technologically advanced chemicals and materials, and rising demand for organic materials.
Top Companies Profiled in the Report:
Tongkun Group Co. Ltd., Shenghong Corp., Xin Feng Ming Group, Reliance Industries Ltd., Reliance Industries Ltd., William Barnet Son LLC, Hengli Group, Indorama Ventures Public Company Limited, Polyfibre Industries, Toray Industries Inc., and GreenFiber International SA, among others.
Further key findings from the report suggest
- Partially Oriented Yarn (POY) is a kind of Polyester Yarn, which is the primary Polyester Yarn produced by polymerizing and spinning processes. It is mostly used as a key raw material for drawn textured yarn (DTY).
- By material, polyethylene terephthalate (PET) held a larger market share in 2020 and is likely to grow at a rate of 7.8% in the forecast period. The market dominance of this grade is owing to the offering of high strength and lightweight properties.
- By application, tire cord contributed to the largest market share in 2020 and is expected to grow at a rate of 7.3% in the forecast period. Tire cord fabrics find application as strengthening materials for tires and are developed to maintain the structural shape of the tires and support automotive weight, thereby having a considerable impact on tire performance.
- The north American market, led by the U.S., held the second-largest market share in 2020 and is projected to grow at a rate of 6.8% in the forecast period.
Product Type Outlook (Volume, Kilo Tons; 2020-2028 and Revenue, USD Million; 2020-2028)
- Partially Oriented Yarn (POY)
- Fully Drawn Yarn (FDY)
- Drawn Textured Yarn (DTY)
- Others
Raw Material Outlook (Volume, Kilo Tons; 2020-2028 and Revenue, USD Million; 2020-2028)
- Polyethylene Terephthalate
- Poly-1, 4-Cyclohexylene Dimethylene (PCDT)
- Others
Application Outlook (Volume, Kilo Tons; 2020-2028 and Revenue, USD Million; 2020-2028)
- Tire Cords
- Mechanical Rubber Goods
- Non-Woven Fabrics
- Apparels
- Others
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