Latest TMR Report Explores Impact of COVID-19 Outbreak on Polypropylene Yarn Market Segmentation along with Regional Outlook, Competitive Strategies, Factors Contributing to Growth till 2030
Polypropylene (PP) yarn is used extensively in the textile industry. The commodity has emerged as an important raw material for weaving into a wide range of fabric, mainly on account of its high tensile strength and low weight. The yarn is also flame retardant and can be engineered to show numerous properties, expanding the application areas in the polypropylene yarn market. Polypropylene yarns are being utilized in range of refractory applications in the construction industry. Flame-resistant polypropylene yarns are being used in fabric for automotive applications.
Some of the key types of PP are PP multifilament and monofilament. Key applications include the use of PP yarns in carpets, home textiles, industrial textiles, sports accessories, thermal wear and active wear.
Polypropylene Yarn Market: Competitive Analysis and Key Developments
The report is a comprehensive assessment of the various dynamics of competitive landscape of polypropylene yarn manufacturing. The study also tracks major product developments and strives to offer fact-based opinion about the possible directions of research and developments in the polypropylene yarn market. Advancements in yarn clearing technology on the back of powerful processing electronics will help textile manufacturers make new innovations.
In recent times of the COVID-19 pandemic, demand for personal protective equipment is likely to chalk a different trajectory for the market dynamic, on account of their rising demand in the healthcare sector. Players who are looking to increase their footprints in the textile industry are harnessing the performance characteristics of PP. The health systems of various countries are geared toward bridging the gap between demand and supply. A recent case in point is that of Reliance Industries.
Some other prominent companies in the polypropylene yarn market are Dongguan New Poly Fiber Products Co., Ltd., Shanghai Yishi Industrial Co., Ltd., Shin Sung Co. Ltd., Thrace Group, Chemosvit a.s., Ponsa, and Lankhorst Yarns.
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Polypropylene Yarn Market: Key Trends
Developing countries are witnessing a rise in sports apparel, thermal wear, and active wear. This has spurred the consumption of polypropylene yarn market. The growing demand for the yarn as a reinforcing element is boosting the polypropylene yarn market. In the construction industry, polypropylene yarns have been able to meet the unmet need for sustainable materials in the construction industry. Advances in substrates are bolstering the use of the yarn in this sector.
Growing demand for sportswear is also fueling the prospects in the polypropylene yarn market. Moreover, growing demand for hygienic products in industrial textiles is boosting the polypropylene yarn market. Advances in material science has led to the advent of several non-toxic raw material prototypes in a relatively small span of few years. Demand for a range of PP multifilament is expected to offer consistent and massive revenues in the market. Large-scale COVID-19 lockdowns have adversely impacted the manufacturing sector, and has also dampened revenue potential for players in the polypropylene yarn market.
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Polypropylene Yarn Market: Regional Analysis
Among the various regions, Asia Pacific and Europe are expected to be increasingly lucrative. The Netherlands, Belgium, and Spain are being considered a high-value growth market. Asia Pacific market has in recent years has seen a veritable push toward customization. Countries especially in East Asia has seen manufacturing trend focusing on meeting tailor-made needs of end-use industries. The presence of cheap labor is expected to open new avenues in the global polypropylene market. Strides being made by the construction industry in developing world has also opened new avenues for manufacturers of cost-effective and environmentally sustainable reinforcement materials.
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