The Asia Pacific High Tenacity Low Elongation Polyester Yarn Market is anticipated to grow with a CAGR of 7.45% during the forecast period, 2022E-2027F, to achieve a market value of USD1971.48 million by 2027F. The growth of the Asia-Pacific High Tenacity Low Elongation Polyester Yarn market is expected to be driven by increasing applications in automotive and other industries. Seat belts, for example, are constructed from high-tenacity, low-elongation polyester yarn and are used in automobiles for passenger safety. As a result, HTLE polyester yarn is an important component of the automotive industry. Also, growing urbanization also supports the market growth in the forecast period.
Rising Urbanization and Growing Use in the Automotive Industry
The market is expected to expand due to rising demand for HTLE polyester yarn in the automotive, construction, and transportation industries. The largest demand-generating industry in the Asia-Pacific High Tenacity Low Elongation Polyester Yarn market is geotextile, which is likely to maintain its dominance over the forecast period. Over the next few years, the rising use of high tenacity low elongation polyester yarn in the automotive industry is likely to enhance the market growth. In the automotive business, high tenacity low elongation polyester yarn is used to make airbags, seatbelts, and mechanical rubber goods, among other things.
High Demand in Road Construction
Roads in the Asia Pacific Region are expanding day by day with increasing urbanization, and more roads are being built, requiring regular maintenance. All these factors have led to a boom in the road construction industry and the materials used in it, such as geotextiles. As a result, the growing demand for geotextiles is driving the market for high tenacity low elongation polyester yarn in the region.
Demand from Various Sectors
In civil engineering applications, since it is economical, HTLE polyester yarn is chosen for numerous purposes such as separation, filtration, reinforcement, protection, and drainage. Due to the projected increase in the construction and agriculture industries, the Asia-Pacific High Tenacity Low Elongation Polyester Yarn market is predicted to grow over the forecast period. Properties such as flexibility, permeability, durability, and cost-effectiveness are also expected to fuel the market growth during the forecast period.
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Market Segmentation
The Asia-Pacific High Tenacity Low Elongation Polyester Yarn Market is segmented based on denier, end user, country, and company. Based on denier, the market can be categorized into up to 2000D, 3000D-3300D, 3310D-4400D, and Others. Based on the end user, the market is segmented into Geotextiles, Hoarding, Seatbelts, Cord Strapping, Billboard sheets, Fire hoses and Others. Geotextiles dominated the market in 2021 with an overall share of 43.84% due to the growing consumption of bio-based geotextiles and the Increasing use of geotextiles in marine and coastal structures. Based on country, China dominated the market in 2021 with an overall share of 40.36% on account of the widespread use and adoption of HTLE.
Company Profiles
Fujian Billion Polymerization Fiber Technology Industrial Co., Ltd., Indorama Ventures Public Company Limited, Jiangsu Hengli Chemical Fiber Co., Ltd., Huvis Corporation., United Raw Material Pte. Ltd., Zhejiang Guxiandao Polyester Dope Dyed Yarn Co., Ltd., Oriental Industries (Suzhou) Ltd, Quanzhou Chengxie Trade Co., Ltd, Zhejiang Kingsway High-Tech Fiber Co., Ltd, and AYM Syntex Limited are among the major market players in the Asia-Pacific High Tenacity Low Elongation Polyester Yarn Market.
| Attribute | Details | |
| Market size value in 2021 | USD1278.26 Million | |
| Revenue Forecast in 2027 | USD1971.48 Million | |
| Growth Rate | 7.45% | |
| Base Year | 2021 | |
| Historical Years | 2017 – 2020 | |
| Estimated Year | 2022 | |
| Forecast Period | 2023 – 2027 | |
| Quantitative Units | Revenue in USD Million, Volume in Thousand Tonnes and CAGR for 2017-2021 and 2022-2027 | |
| Report Coverage | Revenue forecast, company share, competitive landscape, growth factors, and trends | |
| Segments Covered | · Denier· End User· Region | |
| Country Scope | China; India; Japan; South Korea; Taiwan; Indonesia; Thailand; Vietnam; Australia and Philippines | |
| Key Companies Profiled | Fujian Billion Polymerization Fiber Technology Industrial Co., Ltd., Indorama Ventures Public Company Limited, Jiangsu Hengli Chemical Fiber Co., Ltd., Huvis Corporation., United Raw Material Pte. Ltd., Zhejiang Guxiandao Polyester Dope Dyed Yarn Co., Ltd., Oriental Industries (Suzhou) Ltd, Quanzhou Chengxie Trade Co., Ltd, Zhejiang Kingsway High-Tech Fiber Co., Ltd and AYM Syntex 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 Tenacity Low Elongation Polyester Yarn Market has been segmented into following categories, in addition to the industry trends which have also been detailed below:
- Asia-Pacific High Tenacity Low Elongation Polyester Yarn Market, By Denier:
o Upto 2000D
o 3000D-3300D
o 3310D-4400D
o Others
- Asia-Pacific High Tenacity Low Elongation Polyester Yarn Market, By End-User:
o Geotextiles
o Hoarding
o Seat Belt
o Cord Strapping
o Billboard sheets
o Fire Hose
o Others
- Asia-Pacific High Tenacity Low Elongation Polyester Yarn Market, By Country:
o China
o India
o Japan
o South Korea
o Taiwan
o Indonesia
o Thailand
o Vietnam
o Australia
o Philippines
Competitive Landscape
Company Profiles: Detailed analysis of the major companies present in Asia-Pacific High Tenacity Low Elongation Polyester Yarn Market
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Table of Content
- Product Overview
- Research Methodology
- Executive Summary
- Impact of COVID-19 on Asia PacificHigh Tenacity Low Elongation Polyester Yarn Market
- Global High Tenacity Low Elongation Polyester YarnMarket Outlook
5.1. Market Size & Forecast
5.1.1. By Value & Volume
5.2. Market Size & Forecast
5.2.1. By Denier (Upto 2000D, 3000D – 3300D, 3310D – 4400D, Others {5000D, 6000D, etc.))
5.2.2. By End User (Geotextiles, Seat Belt, Cord Strappings, Billboard Sheets, Hoarding, Fire Hose, Others{Parachutes, Ropes, Shoe Lines, etc.})
5.2.3. By Region
- Asia-Pacific High Tenacity Low Elongation 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 (Upto 2000D, 3000D – 3300D, 3310D – 4400D, Others {5000D, 6000D, etc.)
6.2.2. By End User (Geotextiles, Seat Belt, Cord Strappings, Billboard Sheets, Hoarding, Fire Hose, Others{Parachutes, Ropes, Shoe Lines, etc.})
6.2.3. By Country
6.2.4. By Company (2021)
6.3. Market Map
6.4. Asia Pacific: Country Analysis
6.4.1. China High Tenacity Low Elongation Polyester Yarn Market Outlook
6.4.1.1. Market Size & Forecast
6.4.1.1.1. By Value & Volume
6.4.1.2. Market Size & Forecast
6.4.1.2.1. By Denier
6.4.1.2.2. By End User
6.4.1.3. Competition Outlook
6.4.2. India High Tenacity Low Elongation Polyester Yarn Market Outlook
6.4.2.1. Market Size & Forecast
6.4.2.1.1. By Value & Volume
6.4.2.2. Market Size & Forecast
6.4.2.2.1. By Denier
6.4.2.2.2. By End User
6.4.2.3. Competition Outlook
6.4.3. Japan High Tenacity Low Elongation Polyester Yarn Market Outlook
6.4.3.1. Market Size & Forecast
6.4.3.1.1. By Value & Volume
6.4.3.2. Market Size & Forecast
6.4.3.2.1. By Denier
6.4.3.2.2. By End User
6.4.3.3. Competition Outlook
6.4.4. South Korea High Tenacity Low Elongation Polyester Yarn Market Outlook
6.4.4.1. Market Size & Forecast
6.4.4.1.1. By Value & Volume
6.4.4.2. Market Size & Forecast
6.4.4.2.1. By Denier
6.4.4.2.2. By End User
6.4.4.3. Competition Outlook
6.4.5. Taiwan High Tenacity Low Elongation Polyester Yarn Market Outlook
6.4.5.1. Market Size & Forecast
6.4.5.1.1. By Value & Volume
6.4.5.2. Market Size & Forecast
6.4.5.2.1. By Denier
6.4.5.2.2. By End User
6.4.5.3. Competition Outlook
6.4.6. Indonesia High Tenacity Low Elongation Polyester Yarn Market Outlook
6.4.6.1. Market Size & Forecast
6.4.6.1.1. By Value & Volume
6.4.6.2. Market Size & Forecast
6.4.6.2.1. By Denier
6.4.6.2.2. By End User
6.4.6.3. Competition Outlook
6.4.7. Thailand High Tenacity Low Elongation Polyester Yarn Market Outlook
6.4.7.1. Market Size & Forecast
6.4.7.1.1. By Value & Volume
6.4.7.2. Market Size & Forecast
6.4.7.2.1. By Denier
6.4.7.2.2. By End User
6.4.7.3. Competition Outlook
6.4.8. Vietnam High Tenacity Low Elongation Polyester Yarn Market Outlook
6.4.8.1. Market Size & Forecast
6.4.8.1.1. By Value & Volume
6.4.8.2. Market Size & Forecast
6.4.8.2.1. By Denier
6.4.8.2.2. By End User
6.4.8.3. Competition Outlook
6.4.9. Australia High Tenacity Low Elongation Polyester Yarn Market Outlook
6.4.9.1. Market Size & Forecast
6.4.9.1.1. By Value & Volume
6.4.9.2. Market Size & Forecast
6.4.9.2.1. By Denier
6.4.9.2.2. By End User
6.4.9.3. Competition Outlook
6.4.10. Philippines High Tenacity Low Elongation Polyester Yarn Market Outlook
6.4.10.1. Market Size & Forecast
6.4.10.1.1. By Value & Volume
6.4.10.2. Market Size & Forecast
6.4.10.2.1. By Denier
6.4.10.2.2. By End User
6.4.10.3. Competition Outlook
- Market Dynamics
7.1. Drivers
7.2. Challenges
- Market Trends and Developments
- Pricing Analysis (By Denier & Filament and By Company)
- Demand Supply Analysis- China
10.1. China High Tenacity Low Elongation Polyester Yarn Demand-Supply Analysis
10.2. China Industrial Yarn Including High Tenacity Low Elongation Polyester Yarn Export Analysis (By Country), By Value
- Competitive Landscape
11.1. Fujian Billion Polymerization Fiber Technology Industrial Co., Ltd.
11.2. Indorama Ventures Public Company Limited
11.3. Jiangsu Hengli Chemical Fiber Co., Ltd
11.4. Huvis Corporation
11.5. United Raw Material Pte. Ltd.
11.6. Zhejiang Guxiandao Polyester Dope Dyed Yarn Co., Ltd
11.7. Oriental Industries (Suzhou) Ltd.
11.8. Quanzhou Chengxie Trade Co., Ltd.
11.9. Zhejiang Kingsway High-Tech Fiber Co., Ltd.
11.10. AYM Syntex Limited
- Strategic Recommendations
- About Us and Disclaimer