Asia Pacific High modulus Low Shrinkage Polyester Yarn market stood at USD671.16 million in 2021 and is expected to grow at a CAGR of 8.07% during the forecast period. Because of the elasticity and stability of High Modulus Low Shrinkage Polyester Yarn, it is utilized in the mechanical rubber goods industry to manufacture hoses, tires, cord textiles, conveyors, and v-belts. Increased demand can be ascribed to the growing population in the Asia Pacific, which is going to push the demand for vehicles and thus the demand for radial tires. Polyester Tire Cord Fabric (PTCF), PTCF is produced by High Modulus Low Shrinkage Polyester Yarn. The production count of PTCF-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 (NTCF).
Global demand for high modulus low shrinkage polyester yarn stood at 836.06 thousand tonnes in 2021 and that of Asia Pacific stood at 354.49 thousand tonnes in the same year.
Growing Popularity for Technical Textile
The industry is witnessing the emergence of innovative textiles, fabrics that can be used for a variety of purposes, and yarns that are multi-functional and beneficial in a wide range of industries. Countries are organizing their sectors to accommodate technology textiles as a result of technological breakthroughs. This change may also be seen in the APAC textile industry, which is shifting away from traditional textiles toward technology textiles.
Growing Localization of Markets
China is a market leader in manufacturing and exporting high modulus low shrinkage polyester yarn because it is known for being less reliant on imports and for making products in-house. India is also trying to follow China’s lead by investing USD 1400.78 million in January 2022 as part of the Production Linked Incentive (PLI) scheme, which aims to boost domestic investment and reduce reliance on imported resources and goods. This will help the Indian market grow in terms of high modulus low shrinkage polyester yarn through 2030.
Growing Demand from the Automotive Industry
Over the next few years, the rising use of high-modulus low shrinkage polyester yarn in the automotive industry is predicted to push market growth. In the automotive business, high-modulus low shrinkage polyester yarn is used to make automobile tires and mechanical rubber goods, among others. Because all radial tires are created with HMLS polyester yarn, radial tires are becoming more popular in the automobile sector. However, due to increased vehicle sales, applications across the automotive industry, such as in automotive fabrics, are expected to develop in the coming years, resulting in significantly more market opportunities.
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Market Segmentation
The Asia Pacific High Modulus Low Shrinkage Polyester Yarn market is segmented on the basis of denier, end user, type, country, and company. Based on denier, the market is divided into 1000D 192F -1210 192F, 1300D 432F -1670 192F, 2000D 480F – 2200 640F, Others. Based on end-user, the market is divided into Tire Cords, Conveyors, V-Belts, Hoses, Other {Fishing Nets, Airbags, Power Transmission Belts, etc}. In terms of type, the market is divided into Regular Adhesive, High Tenacity, High Count Filaments, Super Low Shrinkage, Others {Regular Active Adhesive, Flame retardants, etc}.
Company Profiles
Hengli Group, Hyosung Advance Materials Corporation, United Raw Materials Pte Ltd., Zhejiang Guxiandao Polyester Dope Dyed Yarn Company Limited, Zhejiang Unifull Industrial Fibre Co. Limited, Jiangsu Taiji Industry New Materials Co., LTD, Shinkong Synthetic Fibers Corporation, Zhejiang Hailide New Material Co. Limited, PT INDO KORDSA Tbk, and Oriental Industries (Suzhou) Limited and Indorama Ventures Limited among others are some of the major market companies operating in the Asia Pacific high Modulus Low Shrinkage Polyester Yarn market.
| Attribute | Details |
| The market size value in 2021 | USD 671.6 million |
| Revenue Forecast in 2027 | USD 1143.08Million |
| Growth Rate | 8.07% |
| Base Year | 2021 |
| Historical Years | 2017 – 2020 |
| Estimated Year | 2022 |
| Forecast Period | 2023 – 2027 |
| Quantitative Units | Revenue in USD Million, and CAGR for 2017-2021and 2022-2027 |
| Report Coverage | Revenue forecast, company share, competitive landscape, growth factors, and trends |
| Segments Covered | · Denier· Type· End User· Country· Company |
| Key Companies Profiled | Hengli Group, Hyosung Advance Materials Corporation, United Raw Materials Pte Ltd., Zhejiang Guxiandao Polyester Dope Dyed Yarn Company Limited, Zhejiang Unifull Industrial Fibre Co. Limited, Jiangsu Taiji Industry New Materials Co., LTD, Shinkong Synthetic Fibers Corporation, Zhejiang Hailide New Material Co. Limited, PT INDO KORDSA Tbk, and Oriental Industries (Suzhou) Limited and Indorama Ventures Limited |
| 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, Asia Pacific High Modulus Low Shrinkage Polyester Yarn Market has been segmented into the following categories, in addition to the industry trends which have also been detailed below:
- Asia Pacific High Modulus Low Shrinkage Polyester Yarn Market, By Denier:
- 1000D 192F -1210 192F
- 1300D 432F -1670 192F
- 2000D 480F – 2200 640F
- Others
- Asia Pacific High Modulus Low Shrinkage Polyester Yarn Market, By End User:
- Tire Cords
- Conveyors
- Hoses
- V-Belt
- Others
- Asia Pacific High Modulus Low Shrinkage Polyester Yarn Market, By Type:
- Regular Adhesive Type
- Super Low Shrinkage
- High Count Filaments
- High Tenacity
- Others
- Asia Pacific High Modulus Low Shrinkage Polyester Yarn Market, By Country:
- China
- India
- Taiwan
- South Korea
- Japan
- Indonesia
- Thailand
- Vietnam
- Philippines
- Australia
Competitive Landscape
Company Profiles: Detailed analysis of the major companies present in Asia Pacific High Modulus Low Shrinkage Polyester Yarn market.
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Table of Content
- Product Overview
- Research Methodology
- Executive Summary
- Global High Modulus Low Shrinkage Polyester Yarn Market Outlook
4.1. Market Size & Forecast
4.1.1. By Value & Volume
4.2. Market Size & Forecast
4.2.1. By Denier (1000D 192F -1210 192F, 1300D 432F -1670 192F, 2000D 480F – 2200 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 (Asia Pacific, Europe, North America, South America & Middle East and Africa)
- Asia Pacific High Modulus Low Shrinkage Polyester Yarn Market Outlook
5.1. Market Size & Forecast
5.1.1. By Value & Volume
5.2. Market Size & Forecast
5.2.1. By Denier (1000D 192F -1210 192F, 1300D 432F -1670 192F, 2000D 480F – 2200 640F, Others {1000D 335F, 1000D 320F, 1017D 212F, etc.})
5.2.2. By End User (Tire Cords, Conveyors, V-Belts, Hoses, Others {Fishing Nets, Airbags, Power Transmission Belts, etc.})
5.2.3. By Type (Regular Adhesive Type, High Tenacity, High Count Filaments, Super Low Shrinkage, Others {Regular Active Adhesive, Flame retardants, etc.})
5.2.4. By Country (China, India, Taiwan, South Korea, Japan, Indonesia, Thailand, Vietnam, Philippines, Australia)
5.2.5. By Company (2022)
5.3. Market Map (By Denier, By End User, By Type, By Country)
- China 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
6.2.3. Competition Outlook
- India High Modulus Low Shrinkage Polyester Yarn Market Outlook
7.1. Market Size & Forecast
7.1.1. By Value & Volume
7.2. Market Size & Forecast
7.2.1. By Denier
7.2.2. By End User
7.2.3. Competition Outlook
- Taiwan High Modulus Low Shrinkage Polyester Yarn Market Outlook
8.1. Market Size & Forecast
8.1.1. By Value & Volume
8.2. Market Size & Forecast
8.2.1. By Denier
8.2.2. By End User
8.2.3. Competition Outlook
- South Korea High Modulus Low Shrinkage Polyester Yarn Market Outlook
9.1. Market Size & Forecast
9.1.1. By Value & Volume
9.2. Market Size & Forecast
9.2.1. By Denier
9.2.2. By End User
9.2.3. Competition Outlook
- JapanHigh Modulus Low Shrinkage Polyester Yarn Market Outlook
10.1. Market Size & Forecast
10.1.1. By Value & Volume
10.2. Market Size & Forecast
10.2.1. By Denier
10.2.2. By End User
10.2.3. Competition Outlook
- IndonesiaHigh Modulus Low Shrinkage Polyester Yarn Market Outlook
11.1. Market Size & Forecast
11.1.1. By Value & Volume
11.2. Market Size & Forecast
11.2.1. By Denier
11.2.2. By End User
11.2.3. Competition Outlook
- ThailandHigh Modulus Low Shrinkage Polyester Yarn Market Outlook
12.1. Market Size & Forecast
12.1.1. By Value & Volume
12.2. Market Size & Forecast
12.2.1. By Denier
12.2.2. By End User
12.2.3. Competition Outlook
- VietnamHigh Modulus Low Shrinkage Polyester Yarn Market Outlook
13.1. Market Size & Forecast
13.1.1. By Value & Volume
13.2. Market Size & Forecast
13.2.1. By Denier
13.2.2. By End User
13.2.3. Competition Outlook
- PhilippinesHigh Modulus Low Shrinkage Polyester Yarn Market Outlook
14.1. Market Size & Forecast
14.1.1. By Value & Volume
14.2. Market Size & Forecast
14.2.1. By Denier
14.2.2. By End User
14.2.3. Competition Outlook
- AustraliaHigh Modulus Low Shrinkage Polyester Yarn Market Outlook
15.1. Market Size & Forecast
15.1.1. By Value & Volume
15.2. Market Size & Forecast
15.2.1. By Denier
15.2.2. By End User
15.2.3. Competition Outlook
- Market Dynamics
16.1. Drivers
16.2. Challenges
- Market Trends and Developments
- Pricing Analysis
18.1. By Denier & Filament
- Impact of COVID-19 on APAC High Modulus Low Shrinkage Polyester Yarn Market
- Asia Pacific High Modulus Low Shrinkage Polyester Yarn Import – Export Analysis
20.1. Country Wise Import
20.2. Country Wise Export
- Competitive Landscape
21.1. Hengli Group
21.2. Hyosung Advanced Materials Corporation
21.3. United Raw Material Pte. Limited
21.4. Zhejiang Guxiadano Polyester Dope Dyed Yarn Co. Limited
21.5. Zhejiang Unifull Industrial Fibre Co. Limited
21.6. Jiangsu Taiji Industry New Materials Co., Limited
21.7. Shinkong Synthetic Fibers Corporation
21.8. Zhejiang Hailide New Material Co. Limited
21.9. PT INDO KORDSA Tbk
21.10. Oriental Industries (Suzhou) Limited
21.11. Indorama Ventures Limited
- Strategic Recommendations
- About Us & Disclaimer