The global polyester yarn market is expected to grow at a CAGR of 5.9% during the forecast period (2020-2025). The major factors driving the growth of the market are the increasing demand for apparel and home furnishings, and the growing automotive industry. However, the volatile raw material prices are anticipated to restraint the market growth. Polyester is a synthetic fiber made from petroleum-based products. It is strong, durable, and resistant to shrinking, stretching, and wrinkling. Polyester is often used in blends with other fibers such as cotton or wool to create fabrics with desired properties. Polyester yarn is used in various applications such as apparel, home furnishings, and automotive interiors. The apparel industry is the major consumer of polyester yarn accounting for more than 50% of the total consumption.
As per the report published by Market.us Titled & Polyester Yarn Market by Type [Partially Oriented Yarn (POY), Polyester Fully Drawn Yarn (FDY), Polyester Drawn Textured Yarn (DTY), Polyester Spun Yarn (PSY), High Tenacity Yarn] and By Application [Apparels]: Global Opportunity Analysis and Industry Forecast, 2022 – 2031” Industrial Pet Fibre
The study analyzes the market in terms of revenue across all the major markets. Different Top key players such as [Indorama, Hyosung, Shinkong, Toray, Kayavlon Impex, Gatron, Filatex India Ltd, Indo Rama, Zhejiang Jiangnan Polyesterification, Kolon] And More… have been profiled to get better insights into the businesses. It offers detailed elaboration on different Leading level industries which are functioning in global regions.
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The report has a very high utility for the key decision-makers and strategists in terms of accurate market insights, future growth opportunities, and key success factors.
Most importantly, the report analyses the possible impact of COVID-19 on the market dynamics which offers cushioning against the uncertain business environment and helps in streamlining the resources and investment decisions in a fruitful manner.
Europe dominates the Polyester Yarn industry, followed by North America, and Asia-Pacific. The U.S. dominated North America Polyester Yarn market share in 2022, whereas Mexico is expected to grow at a significant rate in North America during the forecast period.
Strategy defining Drivers, restraints, and opportunities Competitive Benchmarking. Identifying high prospective regions. Market size from 2016-2031, in terms of value. Recent developments & key strategies of competitors.
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Identifying the top players and their strategies. Understanding competitive landscape. Can strategize expanding the business in other segments. Identifying consumer insights. Can strategize entering into the market.
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What are the Top Market Drivers?
According to the report, the Polyester Yarn Market is driven by a host of factors, some of which are noted below:
Fire-resistant properties of Polyester Yarn and its high durability with easy maintenance.It’s the ability to help enhance the appearance of internal & external walls.Growing construction and automotive industry.Increasing demand for Polyester Yarn applications.
The report also includes growth rate estimates based on the intensity of drivers and constraints and provides the users with several graphical illustrations of the key insights.
What deliverables will you get in this report?
In-depth analysis of the Polyester Yarn MarketDetailed market segmentation.Competitive-landscape analysis.Historical, present, and future market size analysis.Industry trends, technologies, and advancements.Growth and operation strategies adopted by key players.Potential segments/regions offering promising growth.The geographical presence of the key players.
Market.us lists all prominent Polyester Yarn manufacturers operating in the global market. They are as follows:
Indorama Hyosung Shinkong Toray Kayavlon Impex Gatron Filatex India Ltd Indo Rama Zhejiang Jiangnan Polyesterification Kolon
The global Polyester Yarn market is categorized by types into:
Partially Oriented Yarn (POY) Polyester Fully Drawn Yarn (FDY) Polyester Drawn Textured Yarn (DTY) Polyester Spun Yarn (PSY) High Tenacity Yarn
Based on applications, the global Polyester Yarn market is further segmented into:
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