The global Polyester POY (Partially Oriented Yarn) market is expected to reach USD 32.03 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 POY (Partially Oriented Yarn) amongst the end-users.

The increasing use of Polyester POY (Partially Oriented Yarn) in the textile industry is likely to drive the growth of the market in the upcoming years. The Polyester POY (Partially Oriented Yarn)s possesses good elasticity, shape retention, wrinkle resistance, exceptional wash & wear performance, washability, and longevity, among others, and as a result, finds extensive application in various types of apparel fabrics. It is used to make fashionable dresses, and weather-resistant clothing, and is a preferred material for children’s wear.

Major Factors Contributing to the Global Materials and Chemicals Market Revenue Growth

According to a recent market analysis report by Reports and Data, the global materials & chemicals market is expected to surpass a market size of USD 32.03 Billion by 2030, registering a robust 7.5% CAGR during the forecast period. The global materials & chemicals market revenue growth is primarily attributed to factors such as fast-paced industrialization across the globe, rising demand for essential consumer goods (including packaged foods & beverages, personal care & cosmetic products, and household hygiene products), and increasing applications of raw materials and chemicals in a wide range of industries including the buildings & construction, food & beverage, pharmaceutical, agriculture, and textile industries. Other important factors contributing to the global market revenue growth are increasing industrial applications of specialty chemicals, growing use of high-performance, organic agrochemicals in the agriculture industry, rising environmental concerns among the population, growing need for environmentally friendly and sustainable raw materials and chemicals, and increasing government investments in the materials & chemicals industry.

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Top 10 Companies Operating in the Global Polyester POY (Partially Oriented Yarn) Market:

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.

Polyester POY (Partially Oriented Yarn) Market Segmentation

Raw Material Outlook (Volume, Kilo Tons; 2019-2030 and Revenue, USD Million; 2019-2030)

Polyethylene Terephthalate
Poly-1, 4-Cyclohexylene Dimethylene (PCDT)
Others
Distribution Channel Outlook (Volume, Kilo Tons; 2019-2030 and Revenue, USD Million; 2019-2030)

Online
Offline
Application Outlook (Volume, Kilo Tons; 2019-2030 and Revenue, USD Million; 2019-2030)

Tire Cords
Mechanical Rubber Goods
Non-Woven Fabrics
Apparels
Others
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