Dope-Dyed Yarn To Make Automotive Market Size Reach $736.4
Portland, OR, May 17, 2022 (GLOBE NEWSWIRE) — According to the report released by Allied Market Research, the dope dyed automotive yarn market generated $356.1 million in 2017 and is projected to reach $736.4 million by 2027, growing at a CAGR of 7.8% from 2022 to 2027. The report provides a detailed analysis of changing dynamics of the market, major segments, value chain, key investment pockets, regional scenario, and competitive landscape.
Rising passenger and personal vehicle sales, growing consumer awareness of vehicle safety and improved customer offerings are driving the growth of global dope dyed yarn for automotive market. However, batch production of dope-dyed yarns restricts the market to some extent. On the other hand, the rapid shift towards environmentally friendly products and increasing automotive safety standards present new opportunities in the coming years.
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- Several auto manufacturing companies have either closed or scaled down their operations due to the risk of infection among the workforce where dope-dyed yarn is used. This has hampered the demand for dope-dyed yarn for the automotive market during the pandemic.
- Additionally, the dope dyed yarn manufacturing industry has been facing various issues related to transportation, unavailability of skilled labor and reduction in export/import orders. .
- However, the market is expected to recover by the second quarter of 2022 as the overall service businesses of the market players recorded a steady and favorable recovery with an increase in passenger car sales.
The report offers a detailed segmentation of the global Automotive Solution Dyed Yarn market on the basis of material type, denier type, application, and region.
Based on material type, the polyester segment held the highest market share in 2017, holding more than two-fifths of the total market share, and is expected to maintain its leading status during the forecast period. Moreover, the same segment is estimated to register the highest CAGR of 7.8% from 2022 to 2027. The report also analyzes the nylon segment.
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Based on applications, the carpet segment held the largest market share in 2017, holding about two-fifths of the total market share, and is expected to maintain its leading status during the forecast period. Moreover, the same segment is expected to register the highest CAGR of 8.3% from 2022 to 2027.
Based on region, Asia-Pacific contributed the highest share in terms of revenue in 2017, holding more than half of the total market share, and is expected to retain its dominant share by 2027. more, Europe expected to post fastest CAGR 8.3% over the forecast period. Other regions covered in the report include North America, Europe and LAMEA.
Acelon Chemicals & Fiber Corporation, Alok Industries Ltd, Beekaylon, European Spinning Group, Gujarat Polyfils, Jiwarajka Textile Industries, Suryaamba and Thai polyester Co., Ltd are some of the major players of global automotive dope dyed yarn market analyzed in research.
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Allied Market Research (AMR) is a full-service market research and business consulting wing of Allied Analytics LLP based in Portland, Oregon. Allied Market Research provides global corporations as well as small and medium enterprises with unrivaled quality of “market research reports” and “Business Intelligence solutions”. AMR has a focused vision to provide business insights and advice to help its clients make strategic business decisions and achieve sustainable growth in their respective market area.
Pawan Kumar, CEO of Allied Market Research, directs the organization towards the provision of high quality data and information. We maintain professional relationships with various companies which helps us to extract market data which helps us to generate accurate research data tables and confirm the utmost accuracy of our market predictions. All data presented in the reports we publish are drawn from primary interviews with senior managers of large companies in the relevant field. Our secondary data sourcing methodology includes extensive online and offline research and discussions with knowledgeable industry professionals and analysts.