India High Tenacity Low Elongation Polyester Yarn Market - Growth, Overview & Outlook
India High Tenacity Low Elongation Polyester Yarn Market was valued at USD199.06 million in 2021 and is anticipated to project robust growth in the forecast period with a CAGR of 10.60% due to its increasing use in the automotive industry. Over the next few years, the rising usage of high tenacity low elongation polyester yarn in the automotive sector is likely to enhance the market growth. In the automobile business, high tenacity low elongation polyester yarn is used to make airbags, seatbelts, and mechanical rubber goods, among other things. Rising Urbanization The need for high tenacity low elongation polyester yarn in the country is being driven by rising investments combined with an increase in the number of infrastructure projects, due to rising urbanization, particularly government infrastructure projects. In addition, the market for high tenacity low elongation polyester yarn in India is being driven by rising public awareness and increased government su...