The article cited AMA's "Global Polyester Yarn Market Study" explored CAGR of %. According to the report, The Emerging Use of Polyester Yarns in Automotive Industry
is one of the primary growth factors for the market. Rising Demand for Polyester Fabrics in Textile Industry Because of its Durability and Wrinkle Resistance Properties
is also expected to contribute significantly to the Polyester Yarn market. Overall, Home Furnishings
applications of Polyester Yarn, and the growing awareness of them, is what makes this segment of the industry important to its overall growth. The Distribution Channels, such as Online, is boosting the Polyester Yarn market. Additionally, the rising demand from SMEs and various industry verticals, macro-economic growth are the prime factors driving the growth of the market.The Material, such as Polyethylene Terephthalate (PET), is boosting the Polyester Yarn market. Additionally, the rising demand from SMEs and various industry verticals, macro-economic growth are the prime factors driving the growth of the market.
AMAs Analyst on the Global Polyester Yarn market identified that the demand is rising in many different parts of the world as "Changing Standard of Living and Disposable Income Across the World will Boost the Polyester Yarn Market". Furthermore, some recent industry insights like "On 20th November 2019, Indorama Ventures Ltd announce its acquisition of Sinterama S.p.A which is the global manufacturer of polyester automotive interiors and high performance colored yarns. This acquisition raises the capability of IVL to deliver innovative solutions in specialized applications including yarns for automotive, furnishing and apparel. The company's existing manufacturing capabilities and supply chain with Sinterama's product portfolio offer IVl added advantage to serve the growing demand for automotive and home applications." is constantly making the industry dynamic.
The report provides an in-depth analysis and forecast about the industry covering the following key features: o Industry outlook including current and future market trends, drivers, restraints, and emerging technologies o Analyses the Global Polyester Yarn market according to Type, Application, and regions o Analyzes the top 10 players in terms of market reach, business strategy, and business focus o Provides stakeholders insights and key drivers & trends of the market
**The market is valued based on weighted average selling price (WASP) and includes any applicable taxes on manufacturers. All currency conversions used in the creation of this report have been calculated using constant annual average 2018 currency rates.
Market Size Estimation In market engineering method, both top-down and bottom-up approaches have been used, along with various data triangulation process, to predict and validate the market size of the Polyester Yarn market and other related sub-markets covered in the study.
o Key & emerging players in the market have been observed through secondary research. o The industrys supply chain and overall market size, in terms of value, have been derived through primary and secondary research processes. o All percentage shares, splits, and breakdowns have been determined using secondary sources and verified through primary sources.
Data Triangulation The overall Polyester Yarn market size is calculated using market estimation process, the Polyester Yarn market was further split into various segments and sub-segments. To complete the overall market engineering and arriving at the exact statistics for all segments and sub-segments, the market breakdown and data triangulation procedures have been utilized, wherever applicable. The data have been triangulated by studying various influencing factors and trends identified from both demand and supply sides of various applications involved in the study. Along with this, the Global Polyester Yarn market size has been validated using both top-down and bottom-up approaches.