The global polyester filament yarn market is expected to reach USD 106.23 Billion by 2030, according to a new report by Reports and Data. The growth of the market is attributed to the increasing applications of polyester filament yarns amongst the end-users. The ‘Global Polyester Filament Market Report,’ published by Reports and Data, offers a panoramic vision of the global Polyester Filament markets. The report presents accurate details on market size and revenue growth rate over the forecast period. It expounds on the current industry scenario and offers a detailed assessment of the latest and emerging market trends. The report contains key industry statistics presented in a tabular format to give readers an exclusive picture of the global Polyester Filament markets.

The latest industry analysis report offers in-depth information regarding the key segments and sub-segments of the global Polyester Filament industry and emphasizes the current pandemic situation that has significantly disrupted the industry’s growth trend. Key dynamics impacting the market growth include drivers, restraints, opportunities, supply & demand ratios, emerging market trends, technological innovations, and value chain analysis. The report further highlights some major challenges, imminent risks and threats, and stringent government policies and regulations that are expected to impede market growth during the forecast period. The report is aimed at enabling readers to gain deep insights into the global Polyester Filament market and its core mechanism and capitalize on the favorable market growth prospects. It further offers a concise summary of the Polyester Filament market’s intensely competitive landscape and lists down the leading players in the market. This section of the report also highlights the strategic initiatives undertaken by these players for long-term business growth.

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Market Overview:

Consumers are placing higher importance on sustainability and, as a result, are choosing items based on factors like circularity and carbon footprint. Furthermore, consumer concern about carbon emissions has prompted increased investment in renewable energy, energy efficiency, and transportation decarbonization. These developments have had a considerable impact on chemical end sectors, particularly in the automobile and construction industries. COVID-19 has exacerbated the situation by lowering the automobile and construction industries (as well as many others) and disrupting current supply lines.

The adoption of digital technologies by oil, gas, and chemical firms has been fueled primarily by cost savings and greater reliability. Many organizations in these areas saw excellent benefits from advanced market sensing, improved operational optimization, and expanded usage of "in silico" simulations. Companies' existing digital technologies provided an advantage with the abrupt entrance of COVID-19 and the accompanying shutdown of facilities and worksites, but they were often insufficient for the level of remote working and cybersecurity that was suddenly required.

Top Companies Profiled in the Report:

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.

Product Type Outlook (Volume, Kilo Tons; 2020-2028 and Revenue, USD Million; 2020-2028)

Partially Oriented Yarn (POY)

Fully Drawn Yarn (FDY)

Drawn Textured Yarn (DTY)

Others

Raw Material Outlook (Volume, Kilo Tons; 2020-2028 and Revenue, USD Million; 2020-2028)

Polyethylene Terephthalate

Poly-1, 4-Cyclohexylene Dimethylene (PCDT)

Others

Application Outlook (Volume, Kilo Tons; 2020-2028 and Revenue, USD Million; 2020-2028)

Tire Cords

Mechanical Rubber Goods

Non-Woven Fabrics

Apparels

Others

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Global Polyester Filament Market Segmentation: Regional Outlook

North America

Latin America

Asia Pacific

Europe

Middle East & Africa

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