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, Billboa... ... Strappings, Billboard Sheets, Hoarding, etc.)), By Country (China, Japan, India, South Korea, Thailand, Vietnam, Singapore, Indonesia, Australia & New Zealand, Rest of Asia-Pacific), By Company (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) Read more
- FMCG
- Sep 2022
- 165
- PDF, Excel, PPT
Market Definition
High Modulus Low Shrink (HMLS) Polyester is one of the prominent textile yarns used extensively across different industries & is also gaining swift adoption in the production of radial tires as a fundamental textile reinforcement. As a material, HMLS polyester yarn is remarkably tear-resistant and is more crystalline than its high-tenacity counterparts.
This material also possesses high elastic, temperature, & dimensional stability, which makes it many versatile materials demonstrating adoption in hoses, automotive tires, cord fabrics, conveyors, & v-belts, among others. In fact, these yarns also act as a benchmark for measuring & judging the performance & price of other specialist tire yarns.
Market Insights
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. The market is swiftly driven by the rapidly growing demand for HMLS polyester yarn from the technical textile industry to manufacturing various parts across the automotive, construction, & mining industries. Additionally, the mechanical rubber goods industry exhibits a widespread adoption of HMLS polyester yarn owing to high elasticity & stability in manufacturing cord textiles, tires, hoses, conveyors, and v-belts.
| Report Coverage | Details |
|---|---|
| Study Period | Historical Data: 2017-20 |
| Base Year: 2021 | |
| Forecast Period: 2022-27 | |
| CAGR (2022-2027) | 9.14% |
| Country Covered | China, Japan, India, South Korea, Thailand, Vietnam, Singapore, Indonesia, Australia & New Zealand, Rest of Asia-Pacific |
| Key Companies Profiled | 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 |
| Unit Denominations | USD Million/Billion |
Because of such unique properties, this polyester yarn provides better durability to heat & chemicals and further improves the dimensional stability of the fabric. Hence, the utilization of these yarns is widening & exemplifying an escalation in demand, thereby positively influencing the industry growth. Besides, other prominent factors backing the market growth attributed to the increasing product count of Polyester Tire Cord Fabric (PTCF) obtained from HMLS polyester yarn.
In Addition, the widespread government initiative for the infrastructural development of the mining sector projects the need for sector-specific technical textile products. It, in turn, is generating growth opportunities for the leading players to increase their production & distribution capacities and meet the mounting requirements, accelerating the overall market growth through 2027.
Moreover, the continuous upsurge in privately owned vehicles with a high requirement for radial Tires also demonstrates a direct influence on the need for HMLS polyester yarn to produce these tires. Hence, the expansive automotive industry is likely to remain a prominent sector exploding the need for these yarns across locations and contributing to the industry expansion.
- Market Segmentation
- Introduction
- Product Definition
- Research Process
- Assumptions
- Preface
- Executive Summary
- Asia Pacific High Modulus Low Shrinkage Polyester Yarn Market Trends & Insights
- Asia Pacific High Modulus Low Shrinkage Polyester Yarn Market Dynamics
- Growth Drivers
- Challenges
- Asia Pacific High Modulus Low Shrinkage Polyester Yarn Market Product Standards
- Asia Pacific High Modulus Low Shrinkage Polyester Yarn Market Hotspot & Opportunities
- Asia Pacific High Modulus Low Shrinkage Polyester Yarn Market Supply Chain Analysis
- Asia Pacific High Modulus Low Shrinkage Polyester Yarn Market Outlook, 2017-2027F
- Market Size & Analysis
- Market Revenues (USD Million)
- Quantity Sold (Thousand Tons)
- Market Share & Analysis
- 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
- By Competitors
- Competition Characteristics
- Market Share & Analysis
- By Denier
- Market Size & Analysis
- China High Modulus Low Shrinkage Polyester Yarn Market Outlook, 2017-2027F
- Market Size & Analysis
- Market Revenues (USD Million)
- Quantity Sold (Thousand Tons)
- Market Share & Analysis
- By End-User
- Market Size & Analysis
- Japan High Modulus Low Shrinkage Polyester Yarn Market Outlook, 2017-2027F
- Market Size & Analysis
- Market Revenues (USD Million)
- Quantity Sold (Thousand Tons)
- Market Share & Analysis
- By End-User
- Market Size & Analysis
- India High Modulus Low Shrinkage Polyester Yarn Market Outlook, 2017-2027F
- Market Size & Analysis
- Market Revenues (USD Million)
- Quantity Sold (Thousand Tons)
- Market Share & Analysis
- By End-User
- Market Size & Analysis
- South Korea High Modulus Low Shrinkage Polyester Yarn Market Outlook, 2017-2027F
- Market Size & Analysis
- Market Revenues (USD Million)
- Quantity Sold (Thousand Tons)
- Market Share & Analysis
- By End-User
- Market Size & Analysis
- Thailand High Modulus Low Shrinkage Polyester Yarn Market Outlook, 2017-2027F
- Market Size & Analysis
- Market Revenues (USD Million)
- Quantity Sold (Thousand Tons)
- Market Share & Analysis
- By End-User
- Market Size & Analysis
- Vietnam High Modulus Low Shrinkage Polyester Yarn Market Outlook, 2017-2027F
- Market Size & Analysis
- Market Revenues (USD Million)
- Quantity Sold (Thousand Tons)
- Market Share & Analysis
- By End-User
- Market Size & Analysis
- Singapore High Modulus Low Shrinkage Polyester Yarn Market Outlook, 2017-2027F
- Market Size & Analysis
- Market Revenues (USD Million)
- Quantity Sold (Thousand Tons)
- Market Share & Analysis
- By End-User
- Market Size & Analysis
- Indonesia High Modulus Low Shrinkage Polyester Yarn Market Outlook, 2017-2027F
- Market Size & Analysis
- Market Revenues (USD Million)
- Quantity Sold (Thousand Tons)
- Market Share & Analysis
- By End-User
- Market Size & Analysis
- Australia & New Zealand High Modulus Low Shrinkage Polyester Yarn Market Outlook, 2017-2027F
- Market Size & Analysis
- Market Revenues (USD Million)
- Quantity Sold (Thousand Tons)
- Market Share & Analysis
- By End-User
- Market Size & Analysis
- Asia Pacific High Modulus Low Shrinkage Polyester Yarn Market Key Strategic Imperatives for Success & Growth
- Competition Outlook
- Competition Matrix
- Target Markets
- Research & Development
- Collaborations & Strategic Alliances
- Key Business Expansion Initiatives
- Business Restructuring- Mergers, Acquisitions, JVs
- Strategic Initiatives
- Company Profiles (Business Description, Product Segments, Business Segments, Financials, Strategic Alliances/ Partnerships, Future Plans)
- 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
- Competition Matrix
- Disclaimer
MarkNtel Advisors follows a robust and iterative research methodology designed to ensure maximum accuracy and minimize deviation in market estimates and forecasts. Our approach combines both bottom-up and top-down techniques to effectively segment and quantify various aspects of the market. A consistent feature across all our research reports is data triangulation, which examines the market from three distinct perspectives to validate findings. Key components of our research process include:
1. Scope & Research Design At the outset, MarkNtel Advisors define the research objectives and formulate pertinent questions. This phase involves determining the type of research—qualitative or quantitative—and designing a methodology that outlines data collection methods, target demographics, and analytical tools. They also establish timelines and budgets to ensure the research aligns with client goals.
2. Sample Selection and Data Collection In this stage, the firm identifies the target audience and determines the appropriate sample size to ensure representativeness. They employ various sampling methods, such as random or stratified sampling, based on the research objectives. Data collection is carried out using tools like surveys, interviews, and observations, ensuring the gathered data is reliable and relevant.
3. Data Analysis and Validation Once data is collected, MarkNtel Advisors undertake a rigorous analysis process. This includes cleaning the data to remove inconsistencies, employing statistical software for quantitative analysis, and thematic analysis for qualitative data. Validation steps are taken to ensure the accuracy and reliability of the findings, minimizing biases and errors.
4. Data Forecast and FinalizationThe final phase involves forecasting future market trends based on the analyzed data. MarkNtel Advisors utilize predictive modeling and time series analysis to anticipate market behaviors. The insights are then compiled into comprehensive reports, featuring visual aids like charts and graphs, and include strategic recommendations to inform client decision-making