Asia Pacific High Modulus Low Shrinkage Polyester Yarn Market Trends and Forecast 2027: Growth & Market Size

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.                                                                   

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.

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Market Dimensions & Projections

·        Pricing Evaluation

·        Recent Strategic Moves by Companies

·        Primary Stakeholders

·        Import/Export Trend Analysis

·        Competitive Landscape Assessment

·        Emerging Opportunities

·        Market Trends and Indicators

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Asia Pacific High Modulus Low Shrinkage Polyester Yarn Market Segmentation:

The market report categorizes the market based on different segments and geographical analysis.

Study Timeline:

-Base Year: 2021

-Historical Period: 2017 to 2020

-Forecast Period: 2022-27

• By Denier
  • Upto 2000D
  • 3000D-3300D
  • 3310D-4400D
  • Above 4401D
• 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

Competitive Landscape

With strategic initiatives, such as mergers, collaborations, and acquisitions, the leading market companies, including -   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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