Polyester Fiber Market Size, Share, Trends, Value 2032

Polyester Fiber Market Insights

According to Zion Market Research, the global Polyester Fiber Market was worth USD 1.76 Billion in 2023. The market is forecast to reach USD 3.04 Billion by 2032, growing at a compound annual growth rate (CAGR) of 6.3% during the forecast period 2024-2032. The report offers a comprehensive analysis of the market, highlighting the factors that will determine growth, potential challenges, and opportunities that could emerge in the Polyester Fiber Market industry over the next decade.

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Polyester Fiber Market: Industry Perspective

The report offers an assessment and analysis of the Polyester Fiber Market on a global and regional level. The study offers a comprehensive assessment of the market competition, constraints, revenue estimates, opportunities, evolving trends, and industry-validated data. The report provides historical data from 2018 to 2022 along with a forecast from 2024 to 2032 based on revenue (USD Billion).

Polyester Fiber Market: Overview

Polyester fiber is manufactured from polyethylene glycol and terephthalic acid and provides enhanced elasticity as well as abrasion resistance ability. These products are particularly utilized in apparel & home furnishing and upholstered furniture as well as other industrial applications such as car tire reinforcements and conveyors as well as safety belts. Apart from this, when blended with polyester fiber, polyester fiber can be utilized for manufacturing high-quality fabrics and sportswear. Moreover, polyester fiber is used in construction, automotive, and private care & hygiene sectors. Apparently, polyester fibers are chemical resistant, stretchable, less shrinkable, and wrinkle & mildew resistant. They are hydrophobic and dried instantly. In addition to this, these products can withstand wear & tear, provide insulation in hollow fiber form, and can retain shapes even in adverse climates.

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Polyester Fiber Market: Growth Drivers

Exceptional physical product features including elasticity, strength, durability, and high modulus has resulted in the large-scale growth of the polyester fiber industry over the forecasting timespan. In addition to this, easy access to raw materials along with its reduced costs will further promulgate market expansion in years ahead. Apart from this, breakthroughs in polymerization systems and the versatility of melt spinning procedures will culminate in the humungous growth of the polyester fiber industry over the forthcoming years. In addition to this, the launching of durable fabrics for home furnishing and clothing along with huge consumer preference for easy-care clothes & garments will boost the growth of polyester fiber market within next couple of years. The major role played by biotechnology applications in treating polyester fabric is predicted to bring a paradigm shift in the development of the polyester fiber industry in the next decade.

Polyester Fiber Market: Report Scope

Furthermore, the recyclability of polyester material has made it more popular in producing of clothes, thereby driving market trends. The flourishing e-commerce sector is projected to make lucrative contributions to the polyester fiber market size in the years ahead. Changing fashion scenario, rise in living standards, and launching of new products in the apparel section will proliferate business space in near future.

Polyester Fiber Market: Competitive Landscape

Key players impacting market growth and included in the report are Reliance Industries Limited (RIL), Yizheng Chemical (Sinopec), Toray Industries, Inc., GreenFiber International S.A., Indorama Ventures Public Company Limited, Nan Ya Plastics Corporation, Zhejiang Hengsheng Chemical Fiber Co., Ltd., Zhejiang Hengyi Petrochemical Group, Swicofil AG, Alpek S.A.B. de C.V., Mossi Ghisolfi Group, William Barnet and Son, LLC, Stein Fibers Ltd., Far Eastern New Century Corporation, and Jiangsu Sanfangxiang Group.

Polyester Fiber Market: Regional Landscape

The Asia Pacific To Contribute Immensely Towards Regional Market Size By 2032

The growth of the polyester fiber market in the Asia Pacific over the forecast timespan is due to the emerging fashion industry in China, Malaysia, Japan, and India. Apart from this, a rise in expenditure on home refurbishing for improving aesthetic appeal as well as the decorum of homes will prompt the growth of the polyester fiber industry in the Asia Pacific over the years to come.

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Moreover, the huge presence of myriad industry players in the region will contribute majorly to the growth of the market in sub-continent over forecasting timeframe.

Polyester Fiber Market: Competitive Space

The global Polyester Fiber market profiles key players such as:

• Reliance Industries Limited (RIL)
• Yizheng Chemical (Sinopec)
• Toray Industries, Inc
• GreenFiber International S.A
• Indorama Ventures Public Company Limited
• Nan Ya Plastics Corporation
• Zhejiang Hengsheng Chemical Fiber Co., Ltd
• Zhejiang Hengyi Petrochemical Group
• Swicofil AG
• Alpek S.A.B. de C.V.
• Mossi Ghisolfi Group
• William Barnet and Son, LLC
• Stein Fibers Ltd
• Far Eastern New Century Corporation
• Jiangsu Sanfangxiang Group

The global Polyester Fiber Market is segmented as follows:

By Product

• Solid
• Hollow

By Application

• Carpets & Rugs
• Fiberfill
• Non-Woven Fiber
• Apparel
• Home Textile

 By Grade

• PET
• PCDT

By Region

• North America
  • The U.S.
  • Canada
• Europe
  • France
  • The UK
  • Spain
  • Germany
  • Italy
  • Rest of Europe
• Asia Pacific
  • China
  • Japan
  • India
  • South Korea
  • Southeast Asia
  • Rest of Asia Pacific
• Latin America
  • Brazil
  • Mexico
  • Rest of Latin America
• Middle East & Africa
  • GCC
  • South Africa
  • Rest of the Middle East & Africa