Dublin, March 12, 2024 (GLOBE NEWSWIRE) -- The "Bulk Continuous Filament Yarn Market Trends: Trends, Opportunities and Competitive Analysis [2024-2030]" report has been added to ResearchAndMarkets.com's offering.
The future of the global bulk continuous filament yarn market looks promising with opportunities in residential, non residential construction, and transportation industries. The global bulk continuous filament yarn market is expected to reach an estimated $20.5 billion by 2030 with a CAGR of 5.4% from 2024 to 2030. The major drivers for this market are growth in residential construction and increasing consumer interest towards home decoration.
Emerging trends, which have a direct impact on the dynamics of the industry, include use of bio based bulk continuous filament yarn and advancement in technology to develop pollution free BCF yarn.
Key Market Highlights
- Polyester is forecast to remain the largest polymer and it is also expected to witness the highest growth over the forecast period due to its low price, durability, and stain resistance properties.
- Carpet & rugs will remain the largest application and it is also expected to witness the highest growth over the forecast period due to increase in household and commercial spending.
- North America will remain the largest region over the forecast period due to growth in residential construction. Asia Pacific is expected to witness the highest growth over the forecast period supported by ongoing urbanization in China, India and other Asian countries.
Key Report Features
- Market Size Estimates: Bulk continuous filament yarn market size estimation in terms of value ($M) and volume (M lbs)
- Trend and Forecast Analysis: Market trends (2018-2023) and forecast (2024-2030) by various segments and regions.
- Segmentation Analysis: Bulk continuous filament yarn market size by various segments, such as application, polymer type, denier type, end use in terms of value and volume
- Regional Analysis: Bulk continuous filament yarn market breakdown by North America, Europe, Asia Pacific, and the Rest of the World.
- Growth Opportunities: Analysis on growth opportunities in different application, polymer type, denier type, end use, and regions for the bulk continuous filament yarn market.
- Strategic Analysis: This includes M&A, new product development, and competitive landscape for the bulk continuous filament yarn market.
- Analysis of competitive intensity of the industry based on Porter's Five Forces model.
Bulk Continuous Filament Yarn Companies
Companies in the market compete on the basis of product quality offered. Major players in this market focus on expanding their manufacturing facilities, R&D investments, infrastructural development, and leverage integration opportunities across the value chain. With these strategies bulk continuous filament yarn companies cater increasing demand, ensure competitive effectiveness, develop innovative products & technologies, reduce production costs, and expand their customer base.
Some of the bulk continuous filament yarn companies profiled in this report includes.
- Mohawk Industries
- Aquafil
- Shaw Industries
- Beaulieu International Group
- Toray Industries Incorporation
- Ascend Performance Materials
- Al Abdullatif Industrial Investment Company (AIIC)
- Universal Fibers
- Hyosung Advanced Materials
- Pharr
This report answers the following key questions
- What are some of the most promising, high-growth opportunities for the bulk continuous filament yarn market by application (carpet & rugs, mats and others), polymer type (Nylon, Polyester, Polypropylene and others), denier type (600-1200, 1200-1800, 1800-2400, and 2400-3000), end use (residential, non-residential, and others), and region?
- Which segments will grow at a faster pace and why?
- Which regions will grow at a faster pace and why?
- What are the key factors affecting market dynamics? What are the drivers and challenges of the market?
- What are the business risks and threats to the market?
- What are emerging trends in this market and the reasons behind them?
- What are some changing demands of customers in the market?
- What are the new developments in the market? Which companies are leading these developments?
- Who are the major players in this market? What strategic initiatives are being implemented by key players for business growth?
- What are some of the competitive products and processes in this area and how big of a threat do they pose for loss of market share via material or product substitution?
- What M & A activities have taken place in the last 5 years in this market?
Report Scope
The study includes a forecast for the global bulk continuous filament yarn market by application, polymer type, denier type, end use, and region, as follows:
Bulk Continuous Filament Yarn Market by Polymer Type:
- Nylon
- Polyester
- Polypropylene
- Others
Bulk Continuous Filament Yarn Market by Denier Type:
- 600-1200
- 1200-1800
- 1800-2400
- 2400-3000
Bulk Continuous Filament Yarn Market by Application:
- Carpet & Rugs
- Mats
- Others
Bulk Continuous Filament Yarn Market by End Use:
- Residential
- Non-Residential
- Others
Bulk Continuous Filament Yarn Market by Region:
- North America
- US
- Canada
- Mexico
- Europe
- Germany
- Norway
- France
- Italy
- Asia Pacific
- China
- Japan
- South Korea
- Taiwan
- The Rest of the World
- Turkey
- South Africa
For more information about this report visit https://www.researchandmarkets.com/r/wty1v7
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