Increasing demand from the textile industry, especially in the emerging economies is one of the significant factors influencing the market growth.
Reports and Data’s latest industry analysis report titled ‘Global Polyester Filament Yarn Market’ provides the reader with an exhaustive overview of the Polyester Filament Yarn industry. The report is inclusive of a concise market summary and contains market projections based on the present market situation, current market size, and revenue growth rate. The report elaborates on the key market dynamics including market growth drivers, opportunities, threats, and challenges. In this report, market analysts at Reports and Data have emphasized the ever-changing market growth patterns and the dynamic environment of the industry. Key attractions of the report include List of Tables and Figures, Research Methodology, Competitive Landscape, Regional Analysis, Technological Breakthroughs, and Future Market Developments.
Growing demand from the construction industry is likely to boost the market demand. Polyester Fiber Reinforced Concrete (PFRC) is used in cement concrete pavement material. Polyester Filament Yarns are resistant to alkali attacks, and PFRC finds usage as overlays and in pavement quality concrete. The application of fibers may result in cement saving of nearly 10.0%, and with fly ash, the cement saving may be increased to about 35.0%. Polyester Filament Yarns, owing to their non-biodegradable property, are used in cement concrete road works, thereby assisting in the conservation of environment.
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Top Key Companies: 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 Filament Yarn, which is the primary Polyester Filament 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 developed to maintain the structural shape of the tires and support automotive weight, thereby having a considerable impact on tire performance.
- 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.
Regional Outlook
- North America (U.S., Canada)
- North America (U.K., Italy, Germany, France, Rest of EU)
- Asia Pacific (India, Japan, China, South Korea, Australia, Rest of APAC)
- Latin America (Chile, Brazil, Argentina, Rest of Latin America)
- The Middle East Africa (Saudi Arabia, U.A.E., South Africa, Rest of MEA)
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Market Segmentation:
Product Type Outlook (Volume, Kilo Tons; 2019-2030 and Revenue, USD Million; 2019-2030)
- Partially Oriented Yarn (POY)
- Fully Drawn Yarn (FDY)
- Drawn Textured Yarn (DTY)
- Others
Raw Material Outlook (Volume, Kilo Tons; 2019-2030 and Revenue, USD Million; 2019-2030)
- Polyethylene Terephthalate
- Poly-1, 4-Cyclohexylene Dimethylene (PCDT)
- Others
Application Outlook (Volume, Kilo Tons; 2019-2030 and Revenue, USD Million; 2019-2030)
- Tire Cords
- Mechanical Rubber Goods
- Non-Woven Fabrics
- Apparels
- Others
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Table of Contents:
Report Overview
1.1 Research Scope
1.2 Key Polyester Filament Yarn market segments
1.3 Major players
1.4 Market analysis by product type
1.5 Market analysis by application
1.6 Report timeline
Global Growth Trends
2.1 Global Polyester Filament Yarn market size
2.2 Latest regional market trends
2.3 Emerging growth trends
Competitive Outlook
3.1 Global Polyester Filament Yarn market key players
3.2 Global Polyester Filament Yarn size by manufacturers
3.3 Products of major players
3.4 Entry barriers in the Polyester Filament Yarn market
3.5 Mergers, acquisitions, joint ventures, and other strategic alliances
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