Polyester Industrial Yarn for Automobile Market was valued at USD 1.5 Billion in 2022 and is projected to reach USD 2.8 Billion by 2030, growing at a CAGR of 8.5% from 2024 to 2030.
The Polyester Industrial Yarn for the automobile sector achieved a market size of approximately USD 1.5 billion in 2022, reflecting a robust demand driven by its applications in automotive textiles and components. The market is projected to grow at a compound annual growth rate (CAGR) of 5.8% from 2022 to 2030. This growth trajectory is underpinned by increasing automotive production and the rising adoption of polyester yarn due to its durability and cost-effectiveness. As automakers continue to enhance vehicle interiors and develop advanced safety features, the demand for high-performance polyester yarns is expected to rise significantly.
Opportunities within the polyester industrial yarn market are emerging through advancements in textile technology and growing preferences for sustainable materials. As the automotive industry seeks to meet stringent regulations on environmental impact and improve vehicle aesthetics, there is a notable shift towards innovative yarn solutions that offer both functional and eco-friendly benefits. The expanding focus on electric vehicles and autonomous driving technologies further augments the need for specialized yarns that enhance the performance and longevity of automotive components.
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SRF Limited
Indorama Ventures Public Company Limited
Far Eastern New Century Corporation
Zhejiang Halead New Material Co.
Ltd.
Shinkong Synthetic Fibers Corporation (SSFC)
Zhejiang Unifull
Barnet
BRILEN
Meher International
Nan Ya Plastics
Hyosung Advanced Materials
Anand Rayons Limited
Reliance
PROTEX NEW ADVANCED TEXTILES GMBH
Senyu Group
Zhejiang Guxiandao Polyester Doped Dyed Yarn
By the year 2030, the scale for growth in the market research industry is reported to be above 120 billion which further indicates its projected compound annual growth rate (CAGR), of more than 5.8% from 2023 to 2030. There have also been disruptions in the industry due to advancements in machine learning, artificial intelligence and data analytics There is predictive analysis and real time information about consumers which such technologies provide to the companies enabling them to make better and precise decisions. The Asia-Pacific region is expected to be a key driver of growth, accounting for more than 35% of total revenue growth. In addition, new innovative techniques such as mobile surveys, social listening, and online panels, which emphasize speed, precision, and customization, are also transforming this particular sector.
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Growing demand for below applications around the world has had a direct impact on the growth of the Global Polyester Industrial Yarn for Automobile Market
Car Seat Belts
Car Tyre Cord Fabric
Transmission Belts
Others
Based on Types the Market is categorized into Below types that held the largest Polyester Industrial Yarn for Automobile market share In 2023.
High Tenacity Yarn
Super High Tenacity Yarn
Low Shrinkage Yarn
Super Low Shrinkage Yarn
High Modulus Low Shrinkage Yarn
Twisted Yarn
Others
Global (United States, Global and Mexico)
Europe (Germany, UK, France, Italy, Russia, Turkey, etc.)
Asia-Pacific (China, Japan, Korea, India, Australia, Indonesia, Thailand, Philippines, Malaysia and Vietnam)
South America (Brazil, Argentina, Columbia, etc.)
Middle East and Africa (Saudi Arabia, UAE, Egypt, Nigeria and South Africa)
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1. Introduction of the Global Polyester Industrial Yarn for Automobile Market
Overview of the Market
Scope of Report
Assumptions
2. Executive Summary
3. Research Methodology of Verified Market Reports
Data Mining
Validation
Primary Interviews
List of Data Sources
4. Global Polyester Industrial Yarn for Automobile Market Outlook
Overview
Market Dynamics
Drivers
Restraints
Opportunities
Porters Five Force Model
Value Chain Analysis
5. Global Polyester Industrial Yarn for Automobile Market, By Type
6. Global Polyester Industrial Yarn for Automobile Market, By Application
7. Global Polyester Industrial Yarn for Automobile Market, By Geography
Global
Europe
Asia Pacific
Rest of the World
8. Global Polyester Industrial Yarn for Automobile Market Competitive Landscape
Overview
Company Market Ranking
Key Development Strategies
9. Company Profiles
10. Appendix
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