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Opportunities For The Global Bulk Continuous Filament Yarn Market To Reach $11.8 Billion By 2024
According to a new market report published by Lucintel, 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 $11.8 billion by 2024 with a CAGR of 4.7% from 2019 to 2024. The major drivers for this market are growth in residential construction, and increasing consumer interest towards home decoration.
In this market, nylon, polyester, and polypropylene are used for manufacturing of bulk continuous filament yarn for various applications. Polyester will 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.
Within this market, 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.
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. Aquafil, Toray, Al Abdullatif Industrial, Universal Fibers, Hyosung Advanced Materials, and Pharr Fibers and Yarns are the major manufacturer of bulk continuous filament.
Lucintel, a leading global strategic consulting and market research firm, has analyzed growth opportunities in the global bulk continuous filament yarn market by application, polymer type, denier type, end use, and region. Lucintel has compiled a comprehensive research report entitled “Growth Opportunities in the Global Bulk Continuous Filament Yarn Market 2019-2024: Trends, Forecast, and Opportunity Analysis”. The Lucintel report serves as a catalyst for growth strategy, as it provides comprehensive data and analysis on trends, key drivers, and directions. 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:
By Polymer Type [Volume (M lbs) and $M shipment analysis for 2013 – 2024]:
By Denier Type [Volume (M lbs) and $M shipment analysis for 2013 – 2024]:
By Application [Volume (M lbs) and $M shipment analysis for 2013 – 2024]:
• Carpet & Rugs
By End Use [Volume (M lbs) and $M shipment analysis for 2013 – 2024]:
By Region [Volume (M lbs) and $M shipment analysis for 2012 – 2023]:
• North America
• Asia Pacific
− South Korea
• The Rest of the World
− South Africa
This 200-page research report will enable you to make confident business decisions in this globally competitive marketplace. For a detailed table of contents, contact Lucintel at +1-972-636-5056 or email us at email@example.com. Lucintel offerings include Chemical Market Research Reports, Chemical Industry Analysis Report, Opportunity Screening and Analysis, Strategic Growth Consulting and Due Diligence.
Lucintel, the premier global management consulting and market research firm, creates winning strategies for growth. Lucintel offers market assessments, competitive analysis, opportunity analysis, growth consulting, M&A, and due diligence services to executives and key decision-makers in a variety of industries. For further information, visit www.lucintel.com.
This report answers the following 11 key questions:
Q.1. 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 (North America, Europe, Asia Pacific, and the Rest of the World)?
Q.2. Which segments will grow at a faster pace and why?
Q.3. Which region will grow at a faster pace and why?
Q.4. What are the key factors affecting market dynamics? What are the key challenges and business risks in this market?
Q.5. What are the business risks and competitive threats in this market?
Q.6. What are the emerging trends in this market and the reasons behind them?
Q.7. What are some of the changing demands of customers in the market?
Q.8. What are the new developments in the market? Which companies are leading these developments?
Q.9. Who are the major players in this market? What strategic initiatives are key players pursuing for business growth?
Q.10. What are some of the competing products in this market and how big of a threat do they pose for loss of market share by material or product substitution?
Q.11. What M&A activity has occurred in the last 5 years and what has its impact been on the industry?
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