Global Polyester Fiber Market Overview
Polyester fibers are manufactured from recycled or virgin polyethylene terephthalate (PET). It has become the most preferable fiber within the textile industry owing to its low cost, recyclability, versatility, elasticity, high strength, easily stretchable, and highly resistant to wrinkle, abrasion, and fungus. These fibers are hydrophobic in nature and dry instantly, and can provide insulation in the form of hollow fibers. It can withstand wear and tear longer than cotton and other fabrics and easily retains their shapes in extreme climatic conditions. These fibers can be colored by dope dying or pigmentation. Polyester fiber market accounted for US$ 116.0 billion in 2020 and is estimated to be US$ 245.7 billion by 2029 and is anticipated to register a CAGR of 8.7%.
Impact of Covid-19 pandemic on market
With the outbreak of the COVID-19, various businesses are at the forefront to combat this pandemic. The pandemic has hindered the industrial supply chain and also disrupted the product segment. Government across the countries has imposed strict lockdown to limit the spread of disease. The COVID-19 pandemic and subsequent halt in manufacturing activities shall have an impact on the supply availability of a variety of renewable chemicals. Furthermore, current disruption in trade shall also gravely impact the availability of chemical stocks in import-dependent countries. This report will quantify the impact of pandemic on polyester fibre market.
Global Polyester Fiber Market Dynamics
Rising demand for recycled polyester staple fiber is one among the main growth drivers within the global market. Consumers are increasingly choosing sustainable textiles, which are made up of recycled materials. Growing awareness regarding environmental protection may be a major factor boosting the demand for sustainable textiles. The supply of sustainable clothing during a wide selection of trendy designs, bright colors, and attractive prints is further supplementing the merchandise demand.
Rising demand from end-use industry
The high demand for carpets and rugs from residential and commercial buildings is the factor for the increasing demand for the polyester fiber market. The rising demand for nonwoven materials and products, growing demand for mattresses of hollow polyester fiber, advancement in the global fashion industry, growing constructional activity across the world, rapid urbanization and home decor industry, surging demand for the product from various end-use application such as hospitals, household, automotive and electronics along with superior properties of polyester fibers when compared to other synthetic fibers are also anticipated to act as major growth drivers fueling the growth of the market over the forecast period. However, fluctuating in raw material price and government regulations might be hampering the growth of the market.
Global Polyester Fiber Market Segmentation
Polyester fiber market is segmented based on form, product, application and region.
On the basis of form, the global polyester fiber market is segmented into solid and hollow. Based on product, the target market segmented into polyester staple fiber (PSF) and polyester filament yarn (PFY). Based on application, the target market segmented into carpets & rugs and apparel.
Regional Insights:
On region the global polyester fiber market is segmented into North America, Europe, Asia Pacific, Latin America, and Middle East & Africa. The Asia-Pacific accounted for the largest market share in 2017 and is expected to register the highest CAGR during the forecast period. This is attributed to the fastest-growing textile industry and growing residential and commercial construction in the region. China is the leading country in the region owing to the large consumer base, growing disposable income, low labor cost, and easy availability of raw materials. The North American market held the second-largest market share in 2017 and is expected to grow at a moderate CAGR in the following years owing to the consumer preference for organic fabric and cotton in textile applications. The US is the major contributor in the region owing to the surging demand for the product in industrial fabrics and nonwoven fabrics application.
Polyester Fiber Market Report Scope:
|
Attribute |
Details |
|
Base year for estimation |
2020 |
|
Forecast period |
2020 – 2029 |
|
Market representation |
Revenue in USD Billion & CAGR from 2020 – 2029 |
|
Market Segmentation |
By Form- Solid, and Hollow By Product- Polyester Staple Fiber (PSF), and Polyester Filament Yarn (PFY) By Application- Carpets & Rugs, and Apparel |
|
Delivery Mode Regional scope |
North America - U.S., Canada Europe - UK, Germany, Spain, France, Italy, Russia, Rest of Europe Asia Pacific - Japan, India, China, South Korea, Australia, Rest of Asia-Pacific Latin America - Brazil, Mexico, Argentina, Rest of Latin America Middle East & Africa - South Africa, Saudi Arabia, UAE, Rest of Middle East & Africa |
|
Report coverage |
Revenue forecast, company share, competitive landscape, growth factors, and trends |
Segments Covered in the Report:
This report forecasts revenue growth at global, regional, and country levels and provides an analysis of the latest industry trends and opportunities in each of the sub-segments from 2019 to 2029. For the purpose of this study, has segmented the global polyester fiber market report based on form, product, application, and region.
Polyester Fiber Market, By Form:
- Solid
- Hollow
Polyester Fiber Market, By Product:
- Polyester Staple Fiber (PSF)
- Polyester Filament Yarn (PFY)
Polyester Fiber Market, By Application:
- Carpets & Rugs
- Apparel
Polyester Fiber Market, By Region:
- North America
- Middle East & Africa
-
- GCC
- Israel
- South Africa
- Rest of Middle East & Africa
-
- Latin America
-
- Brazil
- Mexico
- Rest of Latin America
-
- Asia Pacific
-
- China
- India
- Japan
- South Korea
- Rest of Asia Pacific
-
- Europe
-
- Germany
- UK
- France
- Russia
- Italy
- Rest of Europe
-
-
- U.S.
- Canada
- Middle East & Africa
Global Polyester Fiber Market Key Players
The key players operating in the global polyester fiber market includes Tongkun Group Co., Ltd, Reliance Industries Limited, Zhejiang Hengyi Group Co., Ltd, Shenghong Corp, Xin Feng Ming Group, Indorama Ventures Public Company Limited, William Barnet and Son, LLC, GreenFiber International S.A., Sarla Performance Fibers Limited, Märkische Faser GmbH, Polyfibre Industries, and TORAY INDUSTRIES, INC.. The market is especially characterized by collaborations and partnerships between the businesses and acquisitions of smaller players as a part of strategic expansion as well as launching their new product specimen. For instance, In September 2017, RIL acquired Kemrock Industries & Exports. This acquisition helped the company to increase its global footprint.
Global Polyester Fiber Market Company Profile
- Reliance Industries Limited
- Company Overview
- Product Portfolio
- Key Highlights
- Financial Performance
- Business Strategies
- Tongkun Group Co., Ltd
- Zhejiang Hengyi Group Co., Ltd
- Shenghong Corp
- Xin Feng Ming Group
- Indorama Ventures Public Company Limited
- William Barnet and Son, LLC
- GreenFiber International S.A.
- Sarla Performance Fibers Limited
- Märkische Faser GmbH
- Polyfibre Industries
- TORAY INDUSTRIES, INC.
Global Polyester Fiber Market Table of Contents
- Research Objective and Assumption
- Preface
- Research Objectives
- Study Scope
- Years Considered for the study
- Assumptions
- Abbreviations
- Research Methodology
- Research data
- Primary Data
- Primary Interviews
- Primary Breakdown
- Key data from Primary Sources
- Key Thickness Insights
- Secondary Data
- Major Secondary Sources
- Secondary Sources
- Market Estimation
- Top-Down Approach
- Approach for estimating Market Share by Top-Down Analysis (Supply Side)
- Bottom-Up Approach
- Approach for estimating market share by Bottom-up Analysis (Demand Side)
- Market Breakdown and Data Triangulation
- Research Assumptions
- Market Preview
- Executive Summary
- Key Findings—Global Outlook for Polyester Fiber Strategies
- Key Questions this Study will Answer
- Market Snippet, By Form
- Market Snippet, By Product
- Market Snippet, By Application
- Market Snippet, By Region
- Opportunity Map Analysis
- Executive Summary—3 Big Predictions
- Market Dynamics, Regulations, and Trends Analysis
- Market Dynamics
- Drivers
- Restraints
- Market Opportunities
- Market Trends
- DR Impact Analysis
- PEST Analysis
- Porter’s Five Forces Analysis
- Opportunity Orbit
- Market Investment Feasibility Index
- Macroeconomic Factor Analysis
- Market Dynamics
- Market Segmentation, By Form, 2019 – 2029, (US$ Bn)
- Overview
- Market Value and Forecast (US$ Bn), and Share Analysis (%), 2019 – 2029
- Y-o-Y Growth Analysis (%), 2019 – 2029
- Segment Trends
- Solid
- Overview
- Market Size and Forecast (US$ Bn), and Y-o-Y Growth (%), 2019 – 2029
- Hollow
- Overview
- Market Size and Forecast (US$ Bn), and Y-o-Y Growth (%), 2019 – 2029
- Overview
- Market Segmentation, By Product, 2019 – 2029, (US$ Bn)
- Overview
- Market Value and Forecast (US$ Bn), and Share Analysis (%), 2019 – 2029
- Y-o-Y Growth Analysis (%), 2019 – 2029
- Segment Trends
- Polyester Staple Fiber (PSF)
- Overview
- Market Size and Forecast (US$ Bn), and Y-o-Y Growth (%), 2019 – 2029
- Polyester Filament Yarn (PFY)
- Overview
- Market Size and Forecast (US$ Bn), and Y-o-Y Growth (%), 2019 – 2029
- Overview
- Market Segmentation, By Application, 2019 – 2029, (US$ Bn)
- Overview
- Market Value and Forecast (US$ Bn), and Share Analysis (%), 2019 – 2029
- Y-o-Y Growth Analysis (%), 2019 – 2029
- Segment Trends
- Carpets & Rugs
- Overview
- Market Size and Forecast (US$ Bn), and Y-o-Y Growth (%), 2019 – 2029
- Apparel
- Overview
- Market Size and Forecast (US$ Bn), and Y-o-Y Growth (%), 2019 – 2029
- Overview
- Global Market, By Region, 2019 – 2029, (US$ Bn)
- Overview
- Market Value and Forecast (US$ Bn), and Share Analysis (%), 2019 – 2029
- Y-o-Y Growth Analysis (%), 2019 – 2029
- Regional Trends
- North America
- Market Size and Forecast (US$ Bn), By Form, 2019 – 2029
- Market Size and Forecast (US$ Bn), By Product, 2019 – 2029
- Market Size and Forecast (US$ Bn), By Application, 2019 – 2029
- Market Size and Forecast (US$ Bn), By Country, 2019 – 2029
- U.S.
- Canada
- Europe
- Market Size and Forecast (US$ Bn), By Form, 2019 – 2029
- Market Size and Forecast (US$ Bn), By Product, 2019 – 2029
- Market Size and Forecast (US$ Bn), By Application, 2019 – 2029
- Market Size and Forecast (US$ Bn), By Country, 2019 – 2029
- Germany
- UK
- France
- Russia
- Italy
- Rest of Europe
- Asia Pacific
- Market Size and Forecast (US$ Bn), By Form, 2019 – 2029
- Market Size and Forecast (US$ Bn), By Product, 2019 – 2029
- Market Size and Forecast (US$ Bn), By Application, 2019 – 2029
- Market Size and Forecast (US$ Bn), By Country, 2019 – 2029
- China
- India
- Japan
- South Korea
- Rest of Asia Pacific
- Latin America
- Market Size and Forecast (US$ Bn), By Form, 2019 – 2029
- Market Size and Forecast (US$ Bn), By Product, 2019 – 2029
- Market Size and Forecast (US$ Bn), By Application, 2019 – 2029
- Market Size and Forecast (US$ Bn), By Country, 2019 – 2029
- Brazil
- Mexico
- Rest of Latin America
- Middle East & Africa
- Market Size and Forecast (US$ Bn), By Form, 2019 – 2029
- Market Size and Forecast (US$ Bn), By Product, 2019 – 2029
- Market Size and Forecast (US$ Bn), By Application, 2019 – 2029
- Market Size and Forecast (US$ Bn), By Country, 2019 – 2029
- GCC
- Israel
- South Africa
- Rest of Middle East
- Overview
- Competitive Landscape
- Heat Map Analysis
- Market Presence and Specificity Analysis
- Company Profiles
-
- Tongkun Group Co., Ltd
- Company Overview
- Product Portfolio
- Key Highlights
- Financial Overview
- Business Strategies
- Reliance Industries Limited
- Zhejiang Hengyi Group Co., Ltd
- Shenghong Corp
- Xin Feng Ming Group
- Indorama Ventures Public Company Limited
- William Barnet and Son, LLC
- GreenFiber International S.A.
- Sarla Performance Fibers Limited
- Märkische Faser GmbH
- Polyfibre Industries
- TORAY INDUSTRIES, INC.
- Tongkun Group Co., Ltd
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- The Last Word
- Future Impact
- About Us
- Contact
FAQs
The polyester fiber market accounted for 116.0 billion in 2020 and is estimated to be US$ 245.7 billion by 2029 and is anticipated to register a CAGR of 8.7%.
The market report has been segmented on the basis of form, product, application and region.
The Polyester Fiber Market is driven by factors such as the growing demand for textiles and apparel, the versatility of polyester fibers in various applications, cost-effectiveness, and increasing awareness of sustainable and recycled polyester options.
competition with alternative fibers, environmental concerns related to virgin polyester production, and market volatility influenced by raw material prices, acting as potential restraints for the Polyester Fiber Market globally.
North America, Europe, Asia-Pacific, and Latin America. Asia-Pacific is expected to dominate the Polyester Fiber Market, particularly in countries like China and India, due to the significant textile and apparel manufacturing industry, high population, and growing demand for polyester-based products in the region.
The prominent player operating in the global polyester fiber market includes Tongkun Group Co., Ltd, Reliance Industries Limited, Zhejiang Hengyi Group Co., Ltd, Shenghong Corp, Xin Feng Ming Group, Indorama Ventures Public Company Limited, William Barnet and Son, LLC, GreenFiber International S.A., Sarla Performance Fibers Limited, Märkische Faser GmbH, Polyfibre Industries, and TORAY INDUSTRIES, INC..