India high modulus low shrinkage polyester yarn market stood at USD 58.23 million in 2022 & will grow 10.07% during forecast. Free PDF Sample.
India high modulus low shrinkage polyester yarn market stood at USD 58.23 million in 2022 and is expected to grow at a steady CAGR of around 10.07% during the forecast period. This can be ascribed to the growing population in India, which will increase the demand for vehicles that will increase radial tire demand. Polyester tire cord fabric is produced by high modulus low shrinkage polyester yarn. The production count of polyester tire cord fabric-based tires 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. Other uses of high modulus low shrinkage polyester yarn are conveyor belts, v-belts, hoses, airbags, and fishing nets.
Radial tires are becoming more popular in the truck and bus industries. According to estimations, radial tire share in the truck and bus segment climbed from 33% in 2015 to 40% in 2020 and is expected to rise to 60–65% by 2025. As a result, many companies produce polyester tire cord fabric made from high modulus low shrinkage polyester yarn and steel tire cord fabric for use in radial tire manufacturing. SRF LTD is one of India’s largest producers of polyester tire cord fabric in India.
The increasing prevalence of mining in India has increased the demand for conveyor belts, as rat-hole coal mining is banned, which increases the scope of mountaintop removal coal mining and, hence, increases the demand for conveyor belts that will boost the demand for high modulus low shrinkage polyester yarn. A few new mines of precious metals and other minerals can fuel the demand for conveyor belts.
Demand for high modulus low shrinkage polyester yarn depends on automotive components like airbags, hoses, and automakers are paying close attention to the developing automotive clusters in cities like Gurugram and Faridabad in the north, Chennai, Bengaluru, and Hosur in the south, and Pune and Ahmedabad in the west which is a positive sign for increasing demand of high modulus low shrinkage polyester yarn market.
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The India high modulus low shrinkage polyester yarn market is segmented based on denier, end-user, type, region, and company. Based on denier, the market is divided into 1000D 320F, 1300D 432F, 1500D 480F, 1000D 192F, 2000D 480F, 2200D 640F, Others {1000D 335F, 1000D 320F, 1017D 212F, etc.}. Based on end-user, the market is divided into tire cords, conveyors, v-belts, hoses, others {fishing nets, airbags, power transmission belts, etc.}. Based on type, the market is divided into regular adhesive, high tenacity, high count filaments, super low shrinkage, and others {regular active adhesive, flame retardants, etc.}. Regionally, the market is divided into West, South, North and East.
Zhejiang Guxiadano Polyester Dope Dyed Yarn Co. Limited, SRF Limited, Reliance Industries Limited, Hyosung Advanced Materials Corporation and Shinkong Synthetic Fibers Corporation, among others are some of the major market companies operating in the in the India high modulus low shrinkage polyester yarn market.
| Attribute | Details |
| Market size value in 2022 | USD 58.33 Million |
| Revenue Forecast in 2028 | USD 107.60 Million |
| Growth Rate | 10.07% |
| Base Year | 2022 |
| Historical Years | 2018 – 2022 |
| Estimated Year | 2023 |
| Forecast Period | 2023 – 2028 |
| Quantitative Units | Revenue in USD Million, and CAGR for 2018-2022 and 2023-2028 |
| Report Coverage | Revenue forecast, company share, competitive landscape, growth factors, and trends |
| Segments Covered | · Denier · Type · End User · Region · Company |
| Regional Scope | North; South; West; East |
| Key Companies Profiled | Zhejiang Guxiadano Polyester Dope Dyed Yarn Co. Limited, SRF Limited, Reliance Industries Limited, Hyosung Advanced Materials Corporation and Shinkong Synthetic Fibers Corporation |
| Customization Scope | 10% free report customization with purchase. Addition or alteration to country, regional & segment scope. |
| Pricing and Purchase Options | Avail customized purchase options to meet your exact research needs. Explore purchase options |
| Delivery Format | PDF and Excel through Email (We can also provide the editable version of the report in PPT/pdf format on special request) |
In this report, India 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:
Competitive Landscape
Company Profiles: Detailed analysis of the major companies present in India high modulus low shrinkage polyester yarn market.
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4.1. Market Size & Forecast
4.1.1. By Value & Volume
4.2. Market Share & Forecast
4.2.1. By Denier (1000D 320F, 1300D 432F, 1500D 480F, 1000D 192F, 2000D 480F, 2200D 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 (West, South, North, East)
4.2.5. By Company (2022)
4.3. Product Market Map (By Denier, By End User, By Type, By Region)
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
7.1. Market Size & Forecast
7.1.1. By Value & Volume
7.2. Market Share & Forecast
7.2.1. By Denier
7.2.2. By End User
8.1. Market Size & Forecast
8.1.1. By Value & Volume
8.2. Market Share & Forecast
8.2.1.By Denier
8.2.2.By End User
9.1. Market Size & Forecast
9.1.1. By Value & Volume
9.2. Market Share & Forecast
9.2.1.By Denier
9.2.2.By End User
10.1. Drivers
10.2. Challenges
13.1. By Denier & Filament
15.1. Country Wise Import (In Value and Volume – Last 3 Years)
18.1. Zhejiang Guxiadano Polyester Dope Dyed Yarn Co. Limited
18.2. SRF Limited
18.3. Reliance Industries Limited
18.4. Hyosung Advanced Materials Corporation
18.5. Shinkong Synthetic Fibers Corporation
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