Partially Oriented Yarn (POY) Market Development and Growth Opportunities by Forecast 2032

A recent market research report added to repository of Analytics Market Research is an in-depth analysis of Global Partially Oriented Yarn (POY) Market. On the basis of historic growth analysis and current scenario of Partially Oriented Yarn (POY) market place, the report intends to offer actionable insights on Global market growth projections. Authenticated data presented in report is based on findings of extensive primary and secondary research. Insights drawn from data serve as excellent tools that facilitate deeper understanding of multiple aspects of Global Partially Oriented Yarn (POY) market. This further helps user with their developmental strategy.

This report examines all the key factors influencing growth of Global Partially Oriented Yarn (POY) market, including demand-supply scenario, pricing structure, profit margins, production and value chain analysis. Regional assessment of Global Partially Oriented Yarn (POY) market unlocks a plethora of untapped opportunities in regional and domestic market places. Detailed company profiling enables users to evaluate company shares analysis, emerging product lines, scope of NPD in new markets, pricing strategies, innovation possibilities and much more.

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The market for polyester POY (Partially Oriented Yarn) was valued at USD 16.57 billion in 2021 and is anticipated to grow at a 7.6% CAGR in terms of revenue over the next five years. It is the basic kind of polyester yarn and is produced either directly from monoethylene glycol (MEG) and purified terephthalic acid (PTA) or by spinning polyester chips. POY is primarily used to texturize and create drawn-textured polyester yarn (DTY). Moreover, it can be utilised for fabric warp knitting and draw-warping during the weaving process.

The polyester yarns are excellent for use in garment fabrics because of their excellent wash & wear performance, washability, shape retention, wrinkle resistance, and lifespan. Moreover, POY yarn comes in a variety of lustres, including semi-dull POY and brilliant POY. Because of the cross-sections found in the filaments, the bright partially oriented yarns will shine and the fabric manufactured from them will have a dazzling lustre as well.

Demand for the product is projected to increase as a result of the usage of Polyester Fiber Reinforced Concrete (PFRC) in cement concrete in the building sector. Polyester partly oriented threads can be utilised as coatings in concrete of pavement quality since they are resistant to alkali attacks. By applying fibres, it is possible to save close to 10.0% on cement, and by adding fly ash, the savings can reach about 35.0%.

The market can be divided into polyethylene terephthalate, poly-1, 4-Cyclohexylene Dimethylene Terephthalate (PCDT), and other types based on the raw materials used. In 2021, the PCDT) segment held the greatest revenue share in the global market and is anticipated to expand rapidly over the next years. This can be due to the rising desire for consumer goods that are strong, flexible, and plastic. Also, increased customer preference for stylish, weatherproof clothing is anticipated to fuel this segment's market revenue growth.

One of the main factors creating market growth prospects in the next years is the increasing demand for polyester partly oriented yarns in non-woven fabrics used in the textile sector. It is often utilised in jackets, overcoats, and protective garments. They are widely used in home furnishings, including wall and floor coverings, table and bed linen, cushions and pillow filling, and curtain fabrics and furniture covers. Moreover, polyester yarns' quick-drying and lightweight qualities make them perfect for usage in sportswear. Growing sports participation as a result of rising health and wellbeing awareness is anticipated to stimulate demand for sportswear, which will in turn fuel market revenue development.

Market Dynamics:

Global auto sales are expanding, which is driving up demand for automotive materials. One of the most popular materials for car fabrics, polyester yarns can be found in filament, spun, and air-texturized varieties. They have excellent qualities including good pilling, abrasion, and lightfastness, which are why they are often utilised in automotive applications. A growing number of automakers are expressing interest in offering their consumers a variety of automotive fabrics, which is propelling market revenue development.

Market Segmentation
Global Partially Oriented Yarn (POY) Market: Major Players
Reliance
Tongkun Group
Hengli Group
Advansa
Wellman
Jiangsu Sanfangxiang Group
Rongsheng PetroChemical
Xin Feng Ming Group
DAK Americas
Shenghong
Lealea Group
Nanya
Zhejiang GuXianDao Industrial Fiber
Zhejiang Hengyi Group
Petrovietnam Petrochemical and Textile Fiber Joint Stock Company
Far Eastern New Century
Billion Industrial
Sinopec Yizheng Chemical Fibre

Global Partially Oriented Yarn (POY) Market: By Types
Polyester Partially Oriented Yarn
Nylon Partially Oriented Yarn
Other

Global Partially Oriented Yarn (POY) Market: By Applications
Apparel
Industrial and Consumer Textiles
Household and Institutional Texties, Interior Texties
Carpets and Rugs

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Global Partially Oriented Yarn (POY) Market: Regional Analysis
All the regional segmentation has been studied based on recent and future trends, and the market is forecasted throughout the prediction period. The countries covered in the regional analysis of the Global Partially Oriented Yarn (POY) market report are U.S., Canada, and Mexico in North America, Germany, France, U.K., Russia, Italy, Spain, Turkey, Netherlands, Switzerland, Belgium, and Rest of Europe in Europe, Singapore, Malaysia, Australia, Thailand, Indonesia, Philippines, China, Japan, India, South Korea, Rest of Asia-Pacific (APAC) in the Asia-Pacific (APAC), Saudi Arabia, U.A.E, South Africa, Egypt, Israel, Rest of Middle East and Africa (MEA) as a part of Middle East and Africa (MEA), and Argentina, Brazil, and Rest of South America as part of South America.

Key questions answered by the report

What is the expected revenue CAGR of global

polyester POY market over the forecast period?

What is the major restraining factor for growth of global polyester POY market?

Which raw material segment accounted for largest revenue share in global polyester POY market in 2021?

Which region is expected to account for largest revenue share in global polyester POY market?

Which are the key companies operating in the global market?

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