About High Performance Polyester
High-Performance Polyesters are polyesters with added properties such as high durability and excellent tensile strength. They exhibit superior properties such as corrosion resistance, high shock absorption, and outstanding elasticity which makes them suitable for end-use industries such as packaging, building & construction, electrical & electronics, automotive, and others. High-Performance Polyester Strapping Material is easy to clean and safe while handling as compared to steel strapping, thus driving the Global Performance Polyester Market growth over the forecast period. Moreover, the increasing demand for lightweight automobile parts in the automotive sector is expected to drive the market.
Attributes | Details |
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Study Period | 2017-2027 |
Base Year | 2021 |
Unit | Value (USD Million) |
CAGR | 6.3% |
The companies are exploring the market by adopting mergers & acquisitions, expansions, investments, new service launches, and collaborations as their preferred strategies. The players are exploring new geographies through expansions and acquisitions to avail a competitive advantage through combined synergies. Analyst at AMA Research estimates that United States Vendors will contribute the maximum growth to Global High Performance Polyester market throughout the forecasted period. Established and emerging Vendors should take a closer view at their existing organizations and reinvent traditional business and operating models to adapt to the future.
Celanese Corporation (United States), Solvay S.A. (Belgium), DuPont (United States), Evonik (Germany), Satyen Polymers Pvt. Ltd (India), The Shepherd Chemical Company (United States) and U-PICA Company Ltd. (Japan) are some of the key players that are part of study coverage. Additionally, the Vendors which are also part of the research coverage are Eastman Chemical Company (United States), Ashland.(United States) and BASF SE (Germany).
Segmentation Overview
AMA Research has segmented the market of Global High Performance Polyester market by Type (Strap, Tape, Insulation, Gelcoat, Films and Others), Application (Packaging, Building & Construction, Electrical & Electronics, Automotive and Others) and Region.
On the basis of geography, the market of High Performance Polyester has been segmented into South America (Brazil, Argentina, Rest of South America), Asia Pacific (China, Japan, India, South Korea, Taiwan, Australia, Rest of Asia-Pacific), Europe (Germany, France, Italy, United Kingdom, Netherlands, Rest of Europe), MEA (Middle East, Africa), North America (United States, Canada, Mexico). If we see Market by Sales Channel, the sub-segment i.e. Online Sales Channel will boost the High Performance Polyester market. Additionally, the rising demand from SMEs and various industry verticals gives enough cushion to market growth.
Influencing Trend:
The increasing consumption of polyester-based strap and tape has propelled the usage of High-Performance Polyester in the packaging industry
Market Growth Drivers:
The growing use of High-Performance Polyester in insulation and packaging materials and The rapid industrialization coupled with rising disposable income
Restraints:
The rise in demand for bio-plastics in coming years
Opportunities:
The growing use of High-Performance Polyester as insulation in the electrical & electronics industry and Increasing investment in the construction industry as well as the expansion of the packaging sector
Market Leaders and their expansionary development strategies
In August 2023, DuPont de Nemours, Inc. (DD) announced the acquisition of Kolon Industries, Inc.'s (130810.KS) high-performance polyester business for 5.2 billion. This acquisition aimed to strengthen DuPont's position in the specialty materials market.
In October 2023, INVISTA, a subsidiary of Koch Industries, Inc. (KHC), launched its new "COOLMAX EcoMade" fiber, a high-performance polyester made partially from recycled materials. This launch reflected the growing demand for sustainable textiles.
Key Target Audience
High-Performance Polyester manufacturers, Traders and Distributors of High-Performance Polyester, Production Process Industries, Potential Investors and Raw Material Suppliers
About Approach
To evaluate and validate the market size various sources including primary and secondary analysis is utilized. AMA Research follows regulatory standards such as NAICS/SIC/ICB/TRCB, to have a better understanding of the market. The market study is conducted on basis of more than 200 companies dealing in the market regional as well as global areas with the purpose to understand the companies positioning regarding the market value, volume, and their market share for regional as well as global.
Further to bring relevance specific to any niche market we set and apply a number of criteria like Geographic Footprints, Regional Segments of Revenue, Operational Centres, etc. The next step is to finalize a team (In-House + Data Agencies) who then starts collecting C & D level executives and profiles, Industry experts, Opinion leaders, etc., and work towards appointment generation.
The primary research is performed by taking the interviews of executives of various companies dealing in the market as well as using the survey reports, research institute, and latest research reports. Meanwhile, the analyst team keeps preparing a set of questionnaires, and after getting the appointee list; the target audience is then tapped and segregated with various mediums and channels that are feasible for making connections that including email communication, telephonic, skype, LinkedIn Group & InMail, Community Forums, Community Forums, open Survey, SurveyMonkey, etc.