Product Code: ETC212981 | Publication Date: May 2022 | Updated Date: May 2024 | Product Type: Market Research Report | |
Publisher: 6Wresearch | No. of Pages: 60 | No. of Figures: 40 | No. of Tables: 7 | |
Philippines Carpet Yarn market currently, in 2023, has witnessed an HHI of 3767, Which has decreased moderately as compared to the HHI of 4484 in 2017. The market is moving towards concentrated. Herfindahl index measures the competitiveness of exporting countries. The range lies from 0 to 10000, where a lower index number represents a larger number of players or exporting countries in the market while a large index number means fewer numbers of players or countries exporting in the market.
The carpet yarn market in the Philippines is intricately tied to the overall growth of the carpet industry. The market has displayed a CAGR of approximately 5%, driven by innovations in yarn technology, increased urbanization, and the growing hospitality sector`s demands for high-quality carpets.
The Philippines carpet yarn market is poised for steady growth in the coming years. This growth can be attributed to factors such as the increasing demand for carpets in both residential and commercial spaces, the growth of the real estate and hospitality sectors, and the rising disposable income of consumers. Additionally, the trend towards interior decoration and home improvement projects is expected to boost the demand for carpet yarn in the Philippines. As more consumers seek comfortable and aesthetically pleasing flooring solutions, the carpet yarn market is likely to experience sustained demand.
The Philippines carpet yarn market is poised for growth, driven by the increasing demand for carpets in both residential and commercial spaces. However, the market is not without its challenges. One of the major obstacles is the availability of high-quality raw materials for producing carpet yarn. Sourcing consistent and durable materials that meet international quality standards can be a hurdle for manufacturers.
The Philippines carpet yarn market has witnessed significant changes in the wake of the COVID-19 pandemic. The market initially experienced disruptions in the supply chain due to restrictions and lockdowns, leading to production slowdowns. However, as restrictions eased, the market demonstrated resilience and adaptability. Carpet yarn manufacturers embraced new operational strategies and technology adoption to ensure uninterrupted production. The demand for carpet yarn faced fluctuations, influenced by shifts in consumer behavior and a changing preference for home improvements. While challenges persist, the market is expected to gradually recover as economic activities stabilize and consumer confidence returns.
Mariwasa Siam Ceramics Inc., Apo Floors, Kent Vinyl Tiles, Matimco Inc., SMJ Furnishings (Wooden Flooring)
1 Executive Summary |
2 Introduction |
2.1 Key Highlights of the Report |
2.2 Report Description |
2.3 Market Scope & Segmentation |
2.4 Research Methodology |
2.5 Assumptions |
3 Philippines Carpet Yarn Market Overview |
3.1 Philippines Country Macro Economic Indicators |
3.2 Philippines Carpet Yarn Market Revenues & Volume, 2020 & 2030F |
3.3 Philippines Carpet Yarn Market - Industry Life Cycle |
3.4 Philippines Carpet Yarn Market - Porter's Five Forces |
3.5 Philippines Carpet Yarn Market Revenues & Volume Share, By By Type, 2020 & 2030F |
3.6 Philippines Carpet Yarn Market Revenues & Volume Share, By By Application, 2020 & 2030F |
4 Philippines Carpet Yarn Market Dynamics |
4.1 Impact Analysis |
4.2 Market Drivers |
4.3 Market Restraints |
5 Philippines Carpet Yarn Market Trends |
6 Philippines Carpet Yarn Market, By Types |
6.1 Philippines Carpet Yarn Market, By By Type |
6.1.1 Overview and Analysis |
6.1.2 Philippines Carpet Yarn Market Revenues & Volume, By By Type, 2020-2030F |
6.1.3 Philippines Carpet Yarn Market Revenues & Volume, By Nylon Carpet Fibers, 2020-2030F |
6.1.4 Philippines Carpet Yarn Market Revenues & Volume, By Polyester (PET) Carpet Fibers, 2020-2030F |
6.1.5 Philippines Carpet Yarn Market Revenues & Volume, By PTT (Triexta Polyester) Carpet Fibers, 2020-2030F |
6.1.6 Philippines Carpet Yarn Market Revenues & Volume, By Polypropylene (Olefin) Carpet Fibers, 2020-2030F |
6.1.7 Philippines Carpet Yarn Market Revenues & Volume, By Wool Carpet Fibers, 2020-2030F |
6.1.8 Philippines Carpet Yarn Market Revenues & Volume, By Cotton Carpet Fibers, 2020-2030F |
6.2 Philippines Carpet Yarn Market, By By Application |
6.2.1 Overview and Analysis |
6.2.2 Philippines Carpet Yarn Market Revenues & Volume, By Commercial Use, 2020-2030F |
6.2.3 Philippines Carpet Yarn Market Revenues & Volume, By Automotive, 2020-2030F |
6.2.4 Philippines Carpet Yarn Market Revenues & Volume, By Industrial Use, 2020-2030F |
6.2.5 Philippines Carpet Yarn Market Revenues & Volume, By Other, 2020-2030F |
7 Philippines Carpet Yarn Market Import-Export Trade Statistics |
7.1 Philippines Carpet Yarn Market Export to Major Countries |
7.2 Philippines Carpet Yarn Market Imports from Major Countries |
8 Philippines Carpet Yarn Market Key Performance Indicators |
9 Philippines Carpet Yarn Market - Opportunity Assessment |
9.1 Philippines Carpet Yarn Market Opportunity Assessment, By By Type, 2020 & 2030F |
9.2 Philippines Carpet Yarn Market Opportunity Assessment, By By Application, 2020 & 2030F |
10 Philippines Carpet Yarn Market - Competitive Landscape |
10.1 Philippines Carpet Yarn Market Revenue Share, By Companies, 2023 |
10.2 Philippines Carpet Yarn Market Competitive Benchmarking, By Operating and Technical Parameters |
11 Company Profiles |
12 Recommendations |
13 Disclaimer |