Global Polyester Fiber Market, By Type (Polyester Staple Fiber (PSF), Polyester Filament Yarn (PFY)), Source (Virgin, Recycled and Blended), Grade (Polyethylene Terephthalate (PET) Polyester, PCDT Polyester), Form (Solid, Hollow), Application (Carpets and Rugs, Non-Woven Fabrics, Fiberfil, Apparel, Home textiles, Others), Country (U.S., Canada, Mexico, Germany, France, U.K., Italy, Spain, Russia, Turkey, Belgium, Netherlands, Switzerland, Luxemburg, Rest of Europe, Japan, China, South Korea, India, Australia And New Zealand, Singapore, Thailand, Malaysia, Indonesia, Philippines, Rest of Asia-Pacific, Brazil, Argentina, Rest of South America UAE, Saudi Arabia, Egypt, Israel, South Africa, And Rest Of Middle East and Africa) Industry Trends and Forecast to 2029
Data Bridge Market Research analyses that the polyester fiber market will witness a CAGR of 8.7% for the forecast period of 2022-2029 and is likely to reach the USD 128.15 billion by 2029.
Polyester fibers are made from polyethylene terephthalate (PET) which can either be recycled or virgin (PET). Because of its low cost, adaptability, high strength, easy stretchability, recyclability, elasticity, and excellent resistance to abrasion, wrinkles, and fungus, it has become the most used fiber in the textile industry. These fibers are hydrophobic and dry quickly, and they can also be used as insulation in the form of hollow fibers. It can take more wear and tear than cotton and other textiles, and it keeps its shape even in adverse weather. Dope dyeing or pigmentation can be used to colour these fibers.
The polyester fiber market is primarily driven by rising demand for demand for rugs and carpets from commercial and residential sector. In addition, upsurge in the demand for nonwoven materials and products and rising urbanization and home décor industry are expected to drive the polyester fiber industry's growth. Other important factors influencing the polyester fiber market growth are the development in global fashion industry, growing demand for product from various end-use industries such as household, automotive, hospitals, and electronics and rise in the number of applications of hollow polyester fibers in medical application.
Moreover, rise in the technical innovations and increasing research and development facilities will establish new opportunities for ordinary bearing manufacturers in the near future.
On the other hand, fluctuating prices of raw materials and strict regulations associated with quality standards will inhibit market expansion. Also, health hazards due to the toxicity of polyester fiber will further challenge the growth rate of market.
This polyester fiber market report provides details of new recent developments, trade regulations, import export analysis, production analysis, value chain optimization, market share, impact of domestic and localised market players, analyses opportunities in terms of emerging revenue pockets, changes in market regulations, strategic market growth analysis, market size, category market growths, application niches and dominance, product approvals, product launches, geographical expansions, technological innovations in the market. To gain more info on polyester fiber market contact Data Bridge Market Research for an Analyst Brief, our team will help you take an informed market decision to achieve market growth.
Global Polyester Fiber Market Scope and Market Size
The polyester fiber market is segmented on the basis of product type, source, grade, form and application. The growth amongst the different segments helps you in attaining the knowledge related to the different growth factors expected to be prevalent throughout the market and formulate different strategies to help identify core application areas and the difference in your target market.
- On the basis of product type, the polyester fiber market is segmented into polyester staple fiber (PSF) and polyester filament yarn (PFY).
- On the basis of source, the polyester fiber market is segmented into virgin and recycled and blended.
- Based on grade, the polyester fiber market is segmented into polyethylene terephthalate (PET) polyester and PCDT polyester.
- On the basis of form, the polyester fiber market is segmented into solid and hollow.
- The application segment for polyester fiber market includes carpets and rugs, non-woven fabrics, fiberfil, apparel, home textiles and others.
Polyester Fiber Market Country Level Analysis
The polyester fiber market is analysed and market size, volume information is provided by country, product type, source, grade, form and application as referenced above.
The countries covered in the polyester fiber market report are U.S., Canada and Mexico in North America, Germany, France, U.K., Netherlands, Switzerland, Belgium, Russia, Italy, Spain, Turkey, Rest of Europe in Europe, China, Japan, India, South Korea, Singapore, Malaysia, Australia, Thailand, Indonesia, Philippines, Rest of Asia-Pacific (APAC) in the Asia-Pacific (APAC), Saudi Arabia, U.A.E, Israel, Egypt, South Africa, Rest of Middle East and Africa (MEA) as a part of Middle East and Africa (MEA), Brazil, Argentina and Rest of South America as part of South America.
Asia-Pacific dominates the polyester fiber market due to the rapidly-increasing textile industry, growing level of disposable income and rise in the commercial as well as residential construction in this region. North America is expected to grow during the forecast period of 2022-2029 due to the growing consumer preference for organic fabric and cotton in textile sector in this region.
The country section of the polyester fiber market report also provides individual market impacting factors and changes in regulation in the market domestically that impacts the current and future trends of the market. Data points such as consumption volumes, production sites and volumes, import export analysis, price trend analysis, cost of raw materials, down-stream and upstream value chain analysis are some of the major pointers used to forecast the market scenario for individual countries. Also, presence and availability of global brands and their challenges faced due to large or scarce competition from local and domestic brands, impact of domestic tariffs and trade routes are considered while providing forecast analysis of the country data.
Competitive Landscape and Global Polyester Fiber Market Share Analysis
The polyester fiber market competitive landscape provides details by competitor. Details included are company overview, company financials, revenue generated, market potential, investment in research and development, new market initiatives, global presence, production sites and facilities, production capacities, company strengths and weaknesses, product launch, product width and breadth, application dominance. The above data points provided are only related to the companies’ focus related to polyester fiber market.
Some of the major players operating in the polyester fiber market are Reliance Industries Limited, Barnet, Sarla Performance Fibers Limited, Märkische Faser GmbH, PolyFiber Industries, TORAY INDUSTRIES, INC., Nirmal Fibers (P) Ltd, Indorama Ventures Public Company Limited, NAN YA PLASTICS CORPORATION, Stein Fibers, LTD., Green Group S.A., Shree Renga Polymers, kayavlon, Diyou Fibre (M) Sdn Bhd, Swicofil AG, SILON, SINOPEC YIZHENG CHEMICAL FIBRE LIMITED LIABILITY COMPANY, Alpek S.A.B. de C.V., Tongkun Group Zhejiang Hengsheng Chemical Fiber Co., Ltd., and Zhejiang Hengyi Group Co., Ltd., among others.
Customization Available : Global Polyester Fiber Market
Data Bridge Market Research is a leader in consulting and advanced formative research. We take pride in servicing our existing and new customers with data and analysis that match and suits their goal. The report can be customised to include production cost analysis, trade route analysis, price trend analysis of target brands understanding the market for additional countries (ask for the list of countries), import export and grey area results data, literature review, consumer analysis and product base analysis. Market analysis of target competitors can be analysed from technology-based analysis to market portfolio strategies. We can add as many competitors that you require data about in the format and data style you are looking for. Our team of analysts can also provide you data in crude raw excel files pivot tables (Factbook) or can assist you in creating presentations from the data sets available in the report.