Press release
Dope Dyed Yarn for Automotive Market Sluggish Growth Rate Foreseen by 2021-2031
The global dope dyed yarn for automotive market is expected to witness moderate growth during the forecast period between 2021 and 2031.
Dope dyed yarn are environment-friendly raw materials that are produced by adding master batch colorant products to any polymer in the extrusion or spinning process.
Dope dyed yarns have emerged as a suitable replacement for typical piece dying. In dope dyed yarns, the yarn is dyed to a pre-selected amount of colors, which are then deployed to manufacture the desired fabric.
A benefit of dying the yarn directly is it helps save the time which is reserved for lab-dips in the order processing procedures.
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Some of the application areas for dope dyed yarns include the production of nylon, polyester, and viscose yarn for several automobile applications such as the production of seating fabrics, floor and door panels, safety belts, air filters, and air bags.
Dope Dyed Yarn for Automotive Market - Trends and Opportunities
Rising product demand in the automobile industry in both developed and developing economies is the key growth driver for the global dope dyed yarn for automotive market.
Also, rising number of original equipment manufacturers globally could offer significant revenue-generating opportunities for the leading dope dyed yarn for automotive market players, in the coming years.
In addition to this, innovations to existing products could fuel product demand and propel the overall dope dyed yarn for automotive market, in years to come.
Government initiatives and measures, spreading awareness about the benefits of dope dyed yarn could also bolster the global market, in future.
Other factors such as rapid industrialization and rising disposable income could trigger the growth in the global dope dyed yarn for automotive market, in the years ahead.
500-1200 denier type of dope dyed yarns are expected to make the largest contribution, in terms of revenue, owing to increased demand from the automobile industry.
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Dope Dyed Yarn for Automotive Market - Competitive Landscape
The global dope dyed yarn for automotive market has several well-established market players and the competition in the global market is intense. Many of these players are expected to hold a large share in the overall market, in the coming years.
Growth strategies such as novel product launches could help leading market players gain a competitive edge over others and create significant revenue-generating opportunities.
Prominent dope dyed yarn for automotive market players could sign collaborative agreements with smaller players in a bid to expand their market presence and increase their revenue shares.
R&D undertakings could be a key growth strategy for well-established market players, in future.
Some of the leading players in the global dope dyed yarn for automotive market include Acelon Chemicals and Fibers Corporation, Gujarat Polyfils, European Spinning Group, Beekaylon, and Thai Polyester Co. Ltd.
Dope Dyed Yarn for Automotive Market - Regional Assessment
The global dope dyed yarn for automotive market is divided into five regions, namely, North America, Asia Pacific, Europe, Latin America, and Middle East and Africa.
Asia Pacific is expected to be the dominant region in the overall dope dyed yarn for automotive market owing to increasing demand for improved safety standards among consumers from countries such as India and China.
North America is anticipated to offer substantial revenue-generating opportunities for the global market because of the increased investments in research and development activities in countries such as US and Canada, contributing to market growth in the region.
Europe is expected to witness moderate growth in the overall market due to the reduced presence of leading market players in countries such as UK and Germany.
Other regions of the world such as Latin America and Middle East and Africa are expected to witness sluggish growth in the overall market, in years to come.
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