Polyester Fiber Market By Form (Solid and Hollow), By Product (Polyester Staple Fiber (PSF) and Polyester Filament Yarn (PFY)), By Application (Carpets & Rugs and Apparel) - Market Trends, Analysis, and Forecast till 2029

Polyester fiber market accounted for USD 116.0 Billion in 2020 and is estimated to be USD 245.7 Billion by 2029 and is anticipated to register a CAGR of 8.7%.

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.

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.

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:

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

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.

• Reliance Industries Limited
• 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.