Polyester POY (Partially Oriented Yarn) Market Size, Share, Key Top Companies and Forecast 2030 | Tongkun Group Co. Ltd., Shenghong Corp., Xin Feng Ming Group - Digital Journal

2022-05-11 08:10:07 By : Mr. Gofar Machinery

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This report on the Polyester POY (Partially Oriented Yarn) market offers an extensive analysis of the trends to estimate its growth in the near future. It provides historical investigation and evaluates the trends observed in the data gathered to speculate the development in its size, share, demand, total earnings, and revenue. It considers the years 2019 and 2020 to collect historical data while considering 2021 as the base year to draw a forecast for the years 2022 to 2030. This assessment indicates a stable CAGR in the predicted duration and discusses those sectors that might boost the development of the industry.

The global polyester POY (Partially Oriented Yarn) market size was USD 16.57 Billion in 2021 and is expected to register a revenue CAGR of 7.6% during the forecast period. It is the fundamental form of polyester yarn and it is made directly from Purified Terephthalic Acid (PTA) and Monoethylene Glycol (MEG) or by spinning polyester chips. POY is mainly used in texturizing and make polyester Drawn Textured Yarn (DTY). It can also be used in draw-warping in weaving process and warp knitting of fabrics. The polyester yarns possess good elasticity, shape retention, wrinkle resistance, exceptional wash & wear performance, washability, and longevity, which make them ideal for application in apparel fabrics. Moreover, POY yarn is available in different lusters such as semi-dull POY and bright POY, The bright partially oriented yarns will shine and the fabric made from them also has bright luster owing to the cross-sections present in the filaments.

Rising demand from Polyester Fiber Reinforced Concrete (PFRC) for use as cement concrete in construction industry is likely to drive product demand. Polyester partially oriented yarns have resistance to alkali attacks, and can be used as coatings 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%.

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Major companies profiled in the global market report include – 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. 

Rising demand from the automotive sector

Increasing automobile sales across the globe is in turn rising demand for automotive fabrics. Polyester yarns are one of the leading automotive fabric materials that are available in various forms such as filament, spun, and air texturized. They are extensively used in automotive applications for their superior properties such as good pilling, abrasion, and lightfastness. Increasing number of automobile manufacturers are showing interest in providing various types of automotive fabrics to their customers, which is driving market revenue growth.

Growth of the textile industry, especially in emerging countries

Growing demand for apparel from fashion industry coupled with the availability of various textures and colors are major factors leading to the textile industry growth in emerging markets. In addition, growing e-commerce websites providing easy access to customers across the world is expected to boost demand for textiles in near future. Polyester yarn find applications in textile industry such as draw warping techniques for warp knitting, weaving, twisting, dyeing, and others. Moreover, they come with various cross-sections such as plain round, triangular, trilobal, and circular. Increasing usage of polyester partially oriented yarns in textile applications is expected to increase market revenue growth during the forecast period.

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Further key findings from the report suggest

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Segments covered in the report:

Raw Material Outlook (Volume, Kilo Tons; 2019-2030 and Revenue, USD Million; 2019-2030)

Distribution Channel Outlook (Volume, Kilo Tons; 2019-2030 and Revenue, USD Million; 2019-2030)

Application Outlook (Volume, Kilo Tons; 2019-2030 and Revenue, USD Million; 2019-2030)

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Regional Outlook (Revenue, USD Billion; Volume, Million Tons, 2019-2030)

North America (U.S., Canada)

Europe (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)

Middle East & Africa (Saudi Arabia, U.A.E., South Africa, Rest of MEA)

Key questions covered in the global Polyester POY (Partially Oriented Yarn) market report:

What is the expected market size of the global Polyester POY (Partially Oriented Yarn) market during the forecast period? What factors are expected to hamper global Polyester POY (Partially Oriented Yarn) market growth over the forecast period? What key factors are expected to drive global revenue growth between Forecast Period? Which application segment is expected to dominate other application segments over the forecast period? Which region is expected to dominate in terms of revenue during the forecast period? What are the key outcomes of Porter’s Five Forces analysis and SWOT analysis? Which leading players are operating in the global Polyester POY (Partially Oriented Yarn) market?

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The post Polyester POY (Partially Oriented Yarn) Market Size, Share, Key Top Companies and Forecast 2030 | Tongkun Group Co. Ltd., Shenghong Corp., Xin Feng Ming Group appeared first on Market O Graphics.

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