Polyester Industrial Yarn for Automobile Market size is estimated to be USD output current value here in 2024 and is expected to reach USD output forecast value here by 2033 at a CAGR of output cagr value here% from 2026 to 2033.
The global Polyester Industrial Yarn for Automobile market was valued at USD 7.2 billion in 2022 and is expected to reach USD 10.5 billion by 2027, growing at a CAGR of 7.7% during the forecast period. The demand for polyester industrial yarn in the automotive sector is driven by its key properties such as high strength, durability, and resistance to abrasion, making it ideal for the production of automobile parts like airbags, seat belts, and tire reinforcements. North America accounted for a market share of approximately 28% in 2022, supported by the high production of automotive components in the region. The growth in North America is primarily fueled by the increasing demand for safety features in vehicles and the rising adoption of advanced materials in the automotive industry.
In the Asia-Pacific region, the market for polyester industrial yarn in automobiles is projected to grow at the highest CAGR of 9.1% from 2022 to 2027. This growth is attributed to the increasing automotive production in countries like China, Japan, and India, along with the rising demand for fuel-efficient and lightweight vehicles. Europe follows as a significant player, holding a market share of around 25% in 2022, driven by stringent regulations on vehicle safety and environmental standards. Emerging markets in Latin America and the Middle East are also showing potential for growth, with an expected rise in automotive production and the adoption of polyester industrial yarn in the manufacturing of automobile components, particularly in safety systems and interior applications.
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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
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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. 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
Passenger Vehicles
Commercial Vehicles
Two-Wheelers
Heavy-Duty Vehicles
High Tenacity Yarn
Textured Yarn
Flat Yarn
Air-Textured Yarn
Upholstery
Seatbelts
Body Fabrics
Tire Reinforcement
Continuous Filament
Staple Fiber
Draw Textured Yarn (DTY)
Fully Drawn Yarn (FDY)
Strength
Durability
Elongation
Heat Resistance
US (United States, US 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
US
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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