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Asia Pacific High Modulus Low Shrinkage Polyester Yarn Market, By Denier, By End User, By Type, By Country, Competition, Forecast & Opportunities, 2017-2027

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  • 123 Pages
  • August 2022
  • Region: Asia Pacific
  • TechSci Research
  • ID: 5647268
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The Asia Pacific High Modulus Low Shrinkage (HMLS) Polyester Yarn Market stood at USD671.16 million in 2021 and is expected to grow at a CAGR of 8.07% during the forecast period. Because of elasticity and stability of High Modulus Low Shrinkage Polyester Yarn, it is utilized in the mechanical rubber goods industry to manufacture hoses, tires, cord textiles, conveyors, and v-belts. The increased demand can be ascribed to the growing population in Asia Pacific, which is going to push the demand for vehicles and thus the demand for radial tires. Polyester Tire Cord Fabric (PTCF), PTCF is produced by High Modulus Low Shrinkage Polyester Yarn. The production count of PTCF based tire is expected to increase in the coming years leading to an increase in the production of tires made from Polyester Tire Cord Fabric over Nylon Tire Cord Fiber (NTCF).

Global demand for high modulus low shrinkage polyester yarn stood at 836.06 thousand tonnes in 2021 and that of Asia Pacific stood at 354.49 thousand tonnes in the same year.

Growing Popularity for Technical Textile

The industry is witnessing emergence of innovative textiles, fabrics that can be used for a variety of purposes, and yarns that are multi-functional and beneficial in a wide range of industries. Countries are organizing their sectors to accommodate technology textiles as a result of technological breakthroughs. This change may also be seen in the APAC textile industry, which is shifting away from traditional textiles toward technology textiles.

Growing Localization of Markets

China is a market leader in manufacturing and exporting high modulus low shrinkage polyester yarn because it is known for being less reliant on imports and for making products in-house. India is also trying to follow China's lead by investing USD1400.78 million in January 2022 as part of the Production Linked Incentive (PLI) scheme, which aims to boost domestic investment and reduce reliance on imported resources and goods. This will help the Indian market grow in terms of high modulus low shrinkage polyester yarn through 2030.

Growing Demand from the Automotive Industry

Over the next few years, the rising use of high modulus low shrinkage polyester yarn in the automotive industry is predicted to push market growth. In the automotive business, high modulus low shrinkage polyester yarn is used to make automobile tires and mechanical rubber goods, among others. Because all radial tires are created with HMLS polyester yarn, and radial tires are becoming more popular in the automobile sector. However, due to increased vehicle sales, applications across the automotive industry, such as in automotive fabrics, are expected to develop in the coming years, resulting in significantly more market opportunities.

Market Segmentation

The Asia Pacific High Modulus Low Shrinkage Polyester Yarn market is segmented on the basis of denier, end-user, type, country and by company. Based on denier, the market is divided into 1000D 192F -1210 192F, 1300D 432F -1670 192F, 2000D 480F - 2200 640F, Others. Based on end-user, the market is divided into Tire Cords, Conveyors, V-Belts, Hoses, Others {Fishing Nets, Airbags, Power Transmission Belts, etc}. In terms of type, the market is divided into Regular Adhesive, High Tenacity, High Count Filaments, Super Low Shrinkage, Others {Regular Active Adhesive, Flame retardants, etc}.

Company Profiles

Hengli Group, Hyosung Advance Materials Corporation, United Raw Materials Pte Ltd., Zhejiang Guxiandao Polyester Dope Dyed Yarn Company Limited, Zhejiang Unifull Industrial Fibre Co. Limited, Jiangsu Taiji Industry New Materials Co., LTD, Shinkong Synthetic Fibers Corporation, Zhejiang Hailide New Material Co. Limited, PT INDO KORDSA Tbk, and Oriental Industries (Suzhou) Limited and Indorama Ventures Limited among others are some of the major market companies operating in the in the Asia Pacific High Modulus Low Shrinkage (HMLS) Polyester Yarn Market.

Report Scope:

In this report, the Asia Pacific High Modulus Low Shrinkage Polyester Yarn Market has been segmented into following categories, in addition to the industry trends which have also been detailed below:

Asia Pacific High Modulus Low Shrinkage Polyester Yarn Market, By Denier:

  • 1000D 192F -1210 192F
  • 1300D 432F -1670 192F
  • 2000D 480F - 2200 640F
  • Others

Asia Pacific High Modulus Low Shrinkage Polyester Yarn Market, By End-User:

  • Tire Cords
  • Conveyors
  • Hoses
  • V-Belt
  • Others

Asia Pacific High Modulus Low Shrinkage Polyester Yarn Market, By Type:

  • Regular Adhesive Type
  • Super Low Shrinkage
  • High Count Filaments
  • High Tenacity
  • Others

Asia Pacific High Modulus Low Shrinkage Polyester Yarn Market, By Country:

  • China
  • India
  • Taiwan
  • South Korea
  • Japan
  • Indonesia
  • Thailand
  • Vietnam
  • Philippines
  • Australia

Competitive Landscape

Company Profiles: Detailed analysis of the major companies present in the Asia Pacific High Modulus Low Shrinkage Polyester Yarn market.

Available Customizations:

With the given market data, the publisher offers customizations according to a company’s specific needs.

Table of Contents

1. Product Overview2. Research Methodology3. Executive Summary
4. Global High Modulus Low Shrinkage Polyester Yarn Market Outlook
4.1. Market Size & Forecast
4.1.1. By Value & Volume
4.2. Market Size & Forecast
4.2.1. By Denier (1000D 192F -1210 192F, 1300D 432F -1670 192F, 2000D 480F - 2200 640F, Others {1000D 335F, 1000D 320F, 1017D 212F, etc.})
4.2.2. By End User (Tire Cords, Conveyors, V-Belts, Hoses, Others {Fishing Nets, Airbags, Power Transmission Belts, etc.})
4.2.3. By Type (Regular Adhesive, High Tenacity, High Count Filaments, Super Low Shrinkage, Others {Regular Active Adhesive, Flame retardants, etc.})
4.2.4. By Region (Asia Pacific, Europe, North America, South America & Middle East and Africa)
5. Asia Pacific High Modulus Low Shrinkage Polyester Yarn Market Outlook
5.1. Market Size & Forecast
5.1.1. By Value & Volume
5.2. Market Size & Forecast
5.2.1. By Denier (1000D 192F -1210 192F, 1300D 432F -1670 192F, 2000D 480F - 2200 640F, Others {1000D 335F, 1000D 320F, 1017D 212F, etc.})
5.2.2. By End User (Tire Cords, Conveyors, V-Belts, Hoses, Others {Fishing Nets, Airbags, Power Transmission Belts, etc.})
5.2.3. By Type (Regular Adhesive Type, High Tenacity, High Count Filaments, Super Low Shrinkage, Others {Regular Active Adhesive, Flame retardants, etc.})
5.2.4. By Country (China, India, Taiwan, South Korea, Japan, Indonesia, Thailand, Vietnam, Philippines, Australia)
5.2.5. By Company (2022)
5.3. Market Map (By Denier, By End User, By Type, By Country)
6. China High Modulus Low Shrinkage Polyester Yarn Market Outlook
6.1. Market Size & Forecast
6.1.1. By Value & Volume
6.2. Market Size & Forecast
6.2.1. By Denier
6.2.2. By End User
6.2.3. Competition Outlook
7. India High Modulus Low Shrinkage Polyester Yarn Market Outlook
7.1. Market Size & Forecast
7.1.1. By Value & Volume
7.2. Market Size & Forecast
7.2.1. By Denier
7.2.2. By End User
7.2.3. Competition Outlook
8. Taiwan High Modulus Low Shrinkage Polyester Yarn Market Outlook
8.1. Market Size & Forecast
8.1.1. By Value & Volume
8.2. Market Size & Forecast
8.2.1. By Denier
8.2.2. By End User
8.2.3. Competition Outlook
9. South Korea High Modulus Low Shrinkage Polyester Yarn Market Outlook
9.1. Market Size & Forecast
9.1.1. By Value & Volume
9.2. Market Size & Forecast
9.2.1. By Denier
9.2.2. By End User
9.2.3. Competition Outlook
10. Japan High Modulus Low Shrinkage Polyester Yarn Market Outlook
10.1. Market Size & Forecast
10.1.1. By Value & Volume
10.2. Market Size & Forecast
10.2.1. By Denier
10.2.2. By End User
10.2.3. Competition Outlook
11. Indonesia High Modulus Low Shrinkage Polyester Yarn Market Outlook
11.1. Market Size & Forecast
11.1.1. By Value & Volume
11.2. Market Size & Forecast
11.2.1. By Denier
11.2.2. By End User
11.2.3. Competition Outlook
12. Thailand High Modulus Low Shrinkage Polyester Yarn Market Outlook
12.1. Market Size & Forecast
12.1.1. By Value & Volume
12.2. Market Size & Forecast
12.2.1. By Denier
12.2.2. By End User
12.2.3. Competition Outlook
13. Vietnam High Modulus Low Shrinkage Polyester Yarn Market Outlook
13.1. Market Size & Forecast
13.1.1. By Value & Volume
13.2. Market Size & Forecast
13.2.1. By Denier
13.2.2. By End User
13.2.3. Competition Outlook
14. Philippines High Modulus Low Shrinkage Polyester Yarn Market Outlook
14.1. Market Size & Forecast
14.1.1. By Value & Volume
14.2. Market Size & Forecast
14.2.1. By Denier
14.2.2. By End User
14.2.3. Competition Outlook
15. Australia High Modulus Low Shrinkage Polyester Yarn Market Outlook
15.1. Market Size & Forecast
15.1.1. By Value & Volume
15.2. Market Size & Forecast
15.2.1. By Denier
15.2.2. By End User
15.2.3. Competition Outlook
16. Market Dynamics
16.1. Drivers
16.2. Challenges
17. Market Trends and Developments
18. Pricing Analysis
18.1. By Denier & Filament
19. Impact of COVID-19 on APAC High Modulus Low Shrinkage Polyester Yarn Market
20. Asia Pacific High Modulus Low Shrinkage Polyester Yarn Import - Export Analysis
20.1. Country Wise Import
20.2. Country Wise Export
21. Competitive Landscape
21.1. Hengli Group
21.2. Hyosung Advanced Materials Corporation
21.3. United Raw Material Pte. Limited
21.4. Zhejiang Guxiadano Polyester Dope Dyed Yarn Co. Limited
21.5. Zhejiang Unifull Industrial Fibre Co. Limited
21.6. Jiangsu Taiji Industry New Materials Co., Limited
21.7. Shinkong Synthetic Fibers Corporation
21.8. Zhejiang Hailide New Material Co. Limited
21.9. PT INDO KORDSA Tbk
21.10. Oriental Industries (Suzhou) Limited
21.11. Indorama Ventures Limited
22. Strategic Recommendations23. About the Publisher & Disclaimer
List of Figures
Figure 1: Global High Modulus Low Shrinkage Polyester Yarn Market Size, By Value (USD Million), 2017-2027F
Figure 2: Global Tire Market Share, By Vehicle Type, By Volume, 2017-2021
Figure 3: Global High Modulus Low Shrinkage Polyester Yarn Market Size, By Volume (Thousand Tonnes), 2017-2027F
Figure 4: WTI Brent Crude Monthly Crude Oil Price, Jan 2021 to May 2022, (USD/Barrel)
Figure 5: Global High Modulus Low Shrinkage Polyester Yarn Market Size, By Denier, By Volume (Thousand Tonnes), 2017-2027F
Figure 6: Global High Modulus Low Shrinkage Polyester Yarn Market Size, By End User, By Volume (Thousand Tonnes), 2017-2027F
Figure 7: Global High Modulus Low Shrinkage Polyester Yarn Market Size, By Type, By Volume (Thousand Tonnes), 2017-2027F
Figure 8: Global High Modulus Low Shrinkage Polyester Yarn Market Size, By Region, By Volume (Thousand Tonnes), 2017-2027F
Figure 9: Asia Pacific High Modulus Low Shrinkage Polyester Yarn Market Size, By Value (USD Million), 2017-2027F
Figure 10: Asia Pacific High Modulus Low Shrinkage Polyester Yarn Market Size, By Volume (Thousand Tonnes), 2017-2027F
Figure 11: Asia Pacific High Modulus Low Shrinkage Polyester Yarn Market Size, By Denier, By Volume (Thousand Tonnes), 2017-2027F
Figure 12: Asia Pacific, Export of Tire Cord Fabric of Polyester, By Percentage Share, 2020
Figure 13: Asia Pacific High Modulus Low Shrinkage Polyester Yarn Market Size, By End User, By Volume (Thousand Tonnes), 2017-2027F
Figure 14: Asia Pacific, Import of Tire Cord Fabric of Polyester, By Percentage Share, 2020
Figure 15: Asia Pacific High Modulus Low Shrinkage Polyester Yarn Market Size, By Type, By Volume (Thousand Tonnes), 2017-2027F
Figure 16: Asia Pacific High Modulus Low Shrinkage Polyester Yarn Market Size, By Region, By Volume (Thousand Tonnes), 2017-2027F
Figure 17: Asia Pacific High Modulus Low Shrinkage Polyester Yarn Market Share, By Company, By Value, 2021
Figure 18: Asia Pacific High Modulus Low Shrinkage Polyester Yarn Market Map, By Denier, Market Size (Thousand Tonnes) & Growth Rate (%), 2021
Figure 19: Asia Pacific High Modulus Low Shrinkage Polyester Yarn Market Map, By End User, Market Size (Thousand Tonnes) & Growth Rate (%), 2021
Figure 20: Asia Pacific High Modulus Low Shrinkage Polyester Yarn Market Map, By Type, Market Size (Thousand Tonnes) & Growth Rate (%), 2021
Figure 21: Asia Pacific High Modulus Low Shrinkage Polyester Yarn Market Map, By Country, Market Size (Thousand Tonnes) & Growth Rate (%), 2021
Figure 22: China High Modulus Low Shrinkage Polyester Yarn Market Size, By Value (USD Million), 2017-2027F
Figure 23: China High Modulus Low Shrinkage Polyester Yarn Market Size, By Volume (Thousand Tonnes), 2017-2027F
Figure 24: China High Modulus Low Shrinkage Polyester Yarn Market Size, By Denier, By Volume (Thousand Tonnes), 2017-2027F
Figure 25: China Light Commercial Vehicle Tire Market Share, By Tire Construction Type, By Volume, 2017-2027F
Figure 26: China High Modulus Low Shrinkage Polyester Yarn Market Size, By End User, By Volume (Thousand Tonnes), 2017-2027F
Figure 27: India High Modulus Low Shrinkage Polyester Yarn Market Size, By Value (USD Million), 2017-2027F
Figure 28: India High Modulus Low Shrinkage Polyester Yarn Market Size, By Volume (Thousand Tonnes), 2017-2027F
Figure 29: India High Modulus Low Shrinkage Polyester Yarn Market Size, By Denier, By Volume (Thousand Tonnes), 2017-2027F
Figure 30: India Tire Market Share, By Vehicle Type, By Volume, 2017-2021F
Figure 31: India High Modulus Low Shrinkage Polyester Yarn Market Size, By End User, By Volume (Thousand Tonnes), 2017-2027F
Figure 32: Taiwan High Modulus Low Shrinkage Polyester Yarn Market Size, By Value (USD Million), 2017-2027F
Figure 33: Taiwan High Modulus Low Shrinkage Polyester Yarn Market Size, By Volume (Thousand Tonnes), 2017-2027F
Figure 34: Taiwan High Modulus Low Shrinkage Polyester Yarn Market Size, By Denier, By Volume (Thousand Tonnes), 2017-2027F
Figure 35: Taiwan Tire Cord Import Export, 2020
Figure 36: Taiwan High Modulus Low Shrinkage Polyester Yarn Market Size, By End User, By Volume (Thousand Tonnes), 2017-2027F
Figure 37: South Korea High Modulus Low Shrinkage Polyester Yarn Market Size, By Value (USD Million), 2017-2027F
Figure 38: South Korea High Modulus Low Shrinkage Polyester Yarn Market Size, By Volume (Thousand Tonnes), 2017-2027F
Figure 39: South Korea High Modulus Low Shrinkage Polyester Yarn Market Size, By Denier, By Volume (Thousand Tonnes), 2017-2027F
Figure 40: South Korea High Modulus Low Shrinkage Polyester Yarn Market Size, By End User, By Volume (Thousand Tonnes), 2017-2027F
Figure 41: Japan High Modulus Low Shrinkage Polyester Yarn Market Size, By Value (USD Million), 2017-2027F
Figure 42: Japan High Modulus Low Shrinkage Polyester Yarn Market Size, By Volume (Thousand Tonnes), 2017-2027F
Figure 43: Japan High Modulus Low Shrinkage Polyester Yarn Market Size, By Denier, By Volume (Thousand Tonnes), 2017-2027F
Figure 44: Japan Total Construction Activities, By Value (USD Million), 2019-2021
Figure 45: Japan High Modulus Low Shrinkage Polyester Yarn Market Size, By End User, By Volume (Thousand Tonnes), 2017-2027F
Figure 46: Japan Total Construction Investments, By Value (USD Million), 2017-2021
Figure 47: Indonesia High Modulus Low Shrinkage Polyester Yarn Market Size, By Value (USD Million), 2017-2027F
Figure 48: Indonesia High Modulus Low Shrinkage Polyester Yarn Market Size, By Volume (Thousand Tonnes), 2017-2027F
Figure 49: Indonesia High Modulus Low Shrinkage Polyester Yarn Market Size, By Denier, By Volume (Thousand Tonnes), 2017-2027F
Figure 50: Indonesia Tire Market Size, By Tire Type, By Volume (Thousand Units), 2017-2021
Figure 51: Indonesia High Modulus Low Shrinkage Polyester Yarn Market Size, By End User, By Volume (Thousand Tonnes), 2017-2027F
Figure 52: Thailand High Modulus Low Shrinkage Polyester Yarn Market Size, By Value (USD Million), 2017-2027F
Figure 53: Thailand High Modulus Low Shrinkage Polyester Yarn Market Size, By Volume (Thousand Tonnes), 2017-2027F
Figure 54: Thailand High Modulus Low Shrinkage Polyester Yarn Market Size, By Denier, By Volume (Thousand Tonnes), 2017-2027F
Figure 55: Thailand Tire Market Share, By Tire Type, By Volume, 2017-2021
Figure 56: Thailand High Modulus Low Shrinkage Polyester Yarn Market Size, By End User, By Volume (Thousand Tonnes), 2017-2027F
Figure 57: Vietnam High Modulus Low Shrinkage Polyester Yarn Market Size, By Value (USD Million), 2017-2027F
Figure 58: Vietnam High Modulus Low Shrinkage Polyester Yarn Market Size, By Volume (Thousand Tonnes), 2017-2027F
Figure 59: Vietnam High Modulus Low Shrinkage Polyester Yarn Market Size, By Denier, By Volume (Thousand Tonnes), 2017-2027F
Figure 60: Vietnam Tire Market Size, By Value, 2017 - 2021 (USD Billion)
Figure 61: Vietnam High Modulus Low Shrinkage Polyester Yarn Market Size, By End User, By Volume (Thousand Tonnes), 2017-2027F
Figure 62: Philippines High Modulus Low Shrinkage Polyester Yarn Market Size, By Value (USD Million), 2017-2027F
Figure 63: Philippines High Modulus Low Shrinkage Polyester Yarn Market Size, By Volume (Thousand Tonnes), 2017-2027F
Figure 64: Philippines High Modulus Low Shrinkage Polyester Yarn Market Size, By Denier, By Volume (Thousand Tonnes), 2017-2027F
Figure 65: Philippines Tire Market Size, By Demand Category, By Volume (Thousand Units), 2017-2021
Figure 66: Philippines High Modulus Low Shrinkage Polyester Yarn Market Size, By End User, By Volume (Thousand Tonnes), 2017-2027F
Figure 67: Australia High Modulus Low Shrinkage Polyester Yarn Market Size, By Value (USD Million), 2017-2027F
Figure 68:Australia High Modulus Low Shrinkage Polyester Yarn Market Size, By Volume (Thousand Tonnes), 2017-2027F
Figure 69: Australia High Modulus Low Shrinkage Polyester Yarn Market Size, By Denier, By Volume (Thousand Tonnes), 2017-2027F
Figure 70: Australia Light Commercial Vehicle Fleet Size, By Volume (Million Units), 2017-2027F
Figure 71: Australia High Modulus Low Shrinkage Polyester Yarn Market Size, By End User, By Volume (Thousand Tonnes), 2017-2027F
List of Tables
Table 1: South Korea Radial Tire Production Capacity, By Company and Plant Location, 2021
Table 2: Asia Pacific High Modulus Low Shrinkage Polyester Yarn Pricing Analysis By Country, By Denier & By Filament, (USD/kg)
Table 3: Asia Pacific Hi Ten Yarn, Polyester Filament, not Sewing or Retail, Import Data (2017-2021), By Value (USD Million) & By Volume (Thousand Tonnes) (HS Code: 540220)
Table 4: Asia Pacific Hi Ten Yarn, Polyester Filament, not Sewing or Retail, Export Data (2017-2021), By Value (USD Million) & By Volume (Thousand Tonnes) (HS Code: 540220)

Companies Mentioned

  • Hengli Group
  • Hyosung Advanced Materials Corporation
  • United Raw Material Pte. Limited
  • Zhejiang Guxiadano Polyester Dope Dyed Yarn Co. Limited
  • Zhejiang Unifull Industrial Fibre Co. Limited
  • Jiangsu Taiji Industry New Materials Co., Limited
  • Shinkong Synthetic Fibers Corporation
  • Zhejiang Hailide New Material Co. Limited
  • PT INDO KORDSA Tbk
  • Oriental Industries (Suzhou) Limited
  • Indorama Ventures Limited

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