Dope Dyed Yarn For automotive Market

Dope Dyed Yarn for Automotive Market Statistics – 2027

The global dope dyed yarn for automotive market was valued at $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.

Statement for COVID-19 banner: The COVID-19 crisis has created uncertainty in every market, including the dope dyed yarn for automotive market. The dope dyed yarn manufacturing industry has faced various problems related to transportation, non-availability of a skilled workforce, and reduced export/import orders amid the COVID-19 period.

Dope dyed yarn is an environment-friendly and energy saving raw material that is created by adding master batch colorant to the polymer in spinning or extrusion. It is being implemented as a replacement for the typical piece dyeing, in which the yarn is knitted or weaved first into a fabric, which is then dyed as a whole. Dope dyed yarn is the exact opposite of the piece dye. The yarn itself is dyed to a pre-selected amount of colors, which are then used to produce the preferred fabric. Dyeing the yarn directly saves time reserved for lab-dips in the course of order processing. It is used for manufacturing of polyester, nylon, and viscose yarn for various automotive applications including manufacturing seating fabrics, roof, side, floor & door panels, safety belt, automobile carpets, airbags, air filters, and fuel filters

Dope dyed yarn is colored before knitting that enables buyers to know precisely about the colors before they order. This factor has made customers more linear toward using dope dyed yarn for producing various automobile items; thus, fueling the market growth. Moreover, factors such as rising disposable income, technological upgrades, and spurring rise in original equipment manufacturers (OEMs) have surged the sales of automotive sector in both developed and developing economies including the U.S., China, India, and others where dope dyed yarn is used to produce seatbelts, airbags, headliners, body cloth, and other automotive items. This may act as one of the key drivers responsible for the growth of the dope dyed yarn for automotive market

However, dying process comprises of different chemicals that may create environmental issues such as it may affect biological oxygen demand and chemical oxygen demand (BOD and COD), it inhibits photosynthesis process, hamper the food chain, and it may disturb the plant growth. Furthermore, the difficulty with the dope-dyeing process is that the extrusion equipment has to cleaned thoroughly between the colors, so that the minimum production quantities to be economically viable are large, and the time taken to switch dyes can take time. These factors together may hamper the growth of the dope dyed yarn for automotive market during the forecast period. 

On the contrary, the increasing regulatory pressure imposed by several environment protection agencies such as the United States Environmental Protection Agency (U.S.EPA), Central Pollution Control Board (CPCB), and others have led the automotive manufacturers to make rapid transition towards using sustainable products for manufacturing various automobile items. Dope dyed yarn being an environmentally-friendly product requires less water and chemical (up to 80%) as compared to other dyed yarns. Moreover, it requires 20% less dye and reduces the energy usage by 7%. These factors have surged the popularity of dope dyed yarn among the growing automobile sector; thus creating lucrative opportunities for the market. 

The global dope dyed yarn for automotive market analysis is done on the basis of material type, denier type, application and region. Depending on material type, the market is categorized into polyester, nylon, and others. On the basis of denier type, it is divided into 30-250, 250-500, 500-1200, and 1200-3000. On the basis of application, the market is classified into seat belt, airbags and headliners, body cloth, carpets, and others. Region-wise, the market is studied across North America, Europe, Asia-Pacific, and LAMEA. 

The major companies profiled in this report include Acelon Chemicals & Fiber Corporation, Alok Industries Ltd, Beekaylon, European Spinning Group, Gujarat Polyfils, HANGHZHOU YONGXING CHEMICAL FIBRE CO., LTD, Jiwarajka Textile Industries, Suryaamba, Thai polyester Co., Ltd., and ZHEJIANG GUXIANDAO POLYESTER DOPE DYED YARN CO., LTD.

Dope dyed yarn for automotive market, by region

The Asia-Pacific dope dyed yarn for automotive market size is projected to grow at the highest CAGR of 8.3% during the forecast period, and accounted for 47.2% of the dope dyed yarn for automotive market share in 2020. This is attributed to the fact that countries such as China and India are raising the safety standards of cars to enhance the safety of occupants. For instance, according to an article published by Hindustan Times in January 2022, in order to enhance the safety of the occupants in motor vehicles carrying up to 8 passengers, the Indian Ministry of Road Transport and Highways of India has mandated the automakers to provide a minimum 6 airbags. Furthermore, the introduction of Bharat New Vehicle Safety Assessment Programme (BNVSAP) is expected to transform the Indian automobile industry. These events may lead the key automobile manufacturers to put more emphasis on providing high-quality airbags where dope dyed yarn is widely preferred for producing airbag fabric. These factors drive the dope dyed yarn for automotive market in this region

Dope dyed yarn for automotive market, by Material Type

In 2020, the others segment is projected to grow at the highest CAGR of 8.5% during the forecast period and accounted for 18.6% of the dope dyed yarn for automotive market share in 2020. This is attributed to the fact that acrylic type dope dyed yarns offer various advantages such as affordable, versatile, durable, and hypoallergenic. These factors make them best suited for manufacturing car tops and covers. Viscose-based dope dyed yarn is known for its silk like feel. It is inexpensive, easily blends with other yarns, and drapes beautifully. In addition, viscose-based dope dyed yarns are ideal for producing luxurious automotive fabrics used in seats, armrests, seatbelts, and automotive covers. These factors are escalating growth of others segment in the global market.

Dope dyed yarn for automotive market, by Denier Type

By denier type, the 500-1200 segment dominated the global market in 2020, and is anticipated to grow at a CAGR of 8.0% during the forecast period. This is attributed to the fact that key-players in the dope dyed yarn market are offering innovative 500-1200 denier range products that are manufactured for overlay mat application in cars. Moreover, key-players in the global market are following regulations such as heel crest and Taber-abrasion during production of 500-1200 denier range dope dyed yarn. These factors has surged the popularity of 500-1200 denier type dope dyed yarn for manufacturing automotive floorings. 

Dope dyed yarn for automotive market, by Application

By application, the carpets segment dominated the global market in 2020, and is anticipated to grow at a CAGR of 8.3% during the forecast period. This is attributed to the increase in number of premium buyers that has surged the demand for automotive carpets where dope dyed yarn is widely used to produce automotive carpet fabrics. Furthermore, nylon-based dope dyed yarn is widely preferred for producing automotive carpets owing to its lightweight and abrasion resistance properties. This may further aid the growth of the dope dyed yarn for automotive market for carpets application. 

Key benefits for stakeholders

• Porter’s five forces analysis helps analyze the potential of buyers & suppliers and the competitive scenario of the industry for strategy building.
• It outlines the current dope dyed yarn for automotive market trends and future estimations from 2022 to 2027 to understand the prevailing opportunities and potential investment pockets.
• The major countries in the region have been mapped according to their individual revenue contribution to the regional market.
• The key drivers, restraints, and opportunities and their detailed impact analysis are explained in the study.
• The profiles of key players and their key strategic developments are enlisted in the report.

Impact Of Covid-19 On The Global Dope Dyed Yarn For Automotive Market

• The novel coronavirus is an incomparable global pandemic that has spread to over 180 countries and caused huge losses of lives and the economy around the globe.
• The COVID-19 crisis creates uncertainty in every market, including the automotive sector. According to a report published by Society of Indian Automobile Manufacturers (SIAM), sale of passenger vehicles, commercial vehicles and two‐wheeler vehicles has been declined by 51%, 88% and 40% respectively in March 2020.
• Also, several automobile manufacturing companies have either shutdown or shrank their operations due to the risk of infections among the workforce where dope dyed yarn is used in manufacturing seating fabrics, roof, side, floor and door panels, safety belt, automobile carpets, airbags, air filters, and fuel filters. This has temporarily hampered the demand for dope dyed yarn for automotive market amid the COVID-19 period.  
• Also, several automotive companies have either shutdown or shrank their operations due to the risk of infections among the workforce where dope dyed yarn for automotive are used as a prime bonding material for hoods, grills, interior panels, and other vehicle parts. This has temporarily hampered the demand for dope dyed yarn for automotive market amid the COVID-19 period.
• Furthermore, to control the surge of novel coronavirus cases, there is a drastic shift of investments from other sectors towards healthcare.
• Furthermore, the dope dyed yarn manufacturing industry has faced various problems related to transportation, the non-availability of a skilled workforce, and reduced export/ import orders amid the COVID-19 period. This has led the dope dyed yarn for automotive market to witness a downfall in demand.
• Moreover, more than 100 countries have locked their international borders for transportation and non-essential trade activities, which have hampered the supply-demand chain of the dope dyed yarn for automotive market during the OCIVD-19 scenario 
• In 2020, dope dyed yarn prices were high in Asia-Pacific region. The price rise was due to continued regional demand trends and tight product availability. Firm downstream demand for dope dyed yarn in automotive sector and stronger upstream costs are expected to sustain the price gain.
• Moreover, the overall service activities of market players have registered a steady and favorable recovery in the subsequent months with increase in the sales of passenger cars. For instance, according to an article published by Business Today in March 2021, Maruti Suzuki saw a growth of 8.3% with 144,761 units being sold out while Hyundai witnessed a 29% jump with 51,600 units being sold out in February 2021. This is predicted to enhance the performance of the dope dyed yarn for automotive market post COVID-19 period. 

 Dope Dyed Yarn For automotive Market Report Highlights