06-Oct-2021 | Zion Market Research
As per the findings made by Zion Market Research, polyester fiber industry amassed revenue about US$ 55.1 billion in 2020 and is poised to reap revenue of approximately US$ 78.1 billion by 2028. The polyester fiber market is projected to register highest gains of nearly 7.3% in 2021-2028. In addition to this, swiftly changing fashion culture and improvisation in living standards will open new growth vistas for polyester fiber market over ensuing years. With increase in e-commerce activities and internet penetration across globe, market for polyester fiber is set to make huge leaps to reach its growth peak in foreseeable future. Apart from this, digitization of manufacturing units will contribute substantially towards polyester fiber market revenue in forthcoming years. Moreover, polyester fibers find slew of applications in sports & gym clothing as a result of its lightweight and moisture-wicking features and this will translate into humungous growth of polyester fiber industry in years to come. Additionally, introduction of bio-polyesters owing to escalating environmental concerns is projected boost business trends. Apparently, massive utilization of carpets & rugs in commercial & residential buildings will promulgate growth of polyester fiber industry. Huge demand for product in hospitals, automotive, consumer electronics, and households will trigger into lucrative growth of market in years to come.
New Fashion Trends To Steer Polyester Fiber Market Growth By 2028
Expansion of polyester fiber industry over assessment period is due to rapid changes in fashion activities as well as huge participant demand for polyester fabrics of fashions shows. In addition to this, polyester fabrics provide comfort to the end-users and this has further culminated into its surging popularity among both young and adult population. Apart from this, exponential rise in polyester textile demand for home decoration purpose will enlarge scope of business. In addition to this, large-scale use of polyester fabrics in decorations during weddings and hotel, restaurant, & household decoration during festivals as well as in hospitals will prompt expansion of polyester fiber market in years ahead.
Asia Pacific Market Growth To Take Giant Leaps Over 2021-2028
Growth of polyester fiber industry in Asia Pacific over upcoming years can be attributed to thriving fashion sector in countries such as Malaysia, China, Japan, and India. In addition to this, rise in home renovation activities in the region will contribute sumptuously towards polyester fiber size in Asia Pacific zone over years ahead. Apparently, presence of giant players in sub-continent will optimize growth of polyester fiber business in region.
Firms are trying to enter newer markets and explore their untapped growth potential. Moreover, a few of these giant firms are projected to make large contributions towards polyester fiber market share and some of them are included in our study. They are Alpek S.A.B. de C.V., Reliance Industries Limited (RIL), Yizheng Chemical (Sinopec), Nan Ya Plastics Corporation, Toray Industries, Inc., William Barnet and Son, Far Eastern New Century Corporation, GreenFiber International S.A., Indorama Ventures Public Company Limited, Mossi Ghisolfi Group, Zhejiang Hengsheng Chemical Fiber Co., Ltd., Stein Fibers Ltd., Zhejiang Hengyi Petrochemical Group, Swicofil AG, LLC, and Jiangsu Sanfangxiang Group.
Browse the full “Polyester Fiber Market- By Product (Solid And Hollow), By Grade (PET And PCDT), By Application (Apparel, Home Textile, Carpets & Rugs, Non-Woven Fiber, And Fiberfill), And By Region- Global Industry Perspective, Comprehensive Analysis, And Forecast, 2021 – 2028.” Report at https://www.zionmarketresearch.com/report/polyeste-fiber-market
The global Polyester Fiber Market is segmented as follows:
Zion Market Research is an obligated company. We create futuristic, cutting-edge, informative reports ranging from industry reports, the company reports to country reports. We provide our clients not only with market statistics unveiled by avowed private publishers and public organizations but also with vogue and newest industry reports along with pre-eminent and niche company profiles. Our database of market research reports comprises a wide variety of reports from cardinal industries. Our database is been updated constantly in order to fulfill our clients with prompt and direct online access to our database. Keeping in mind the client’s needs, we have included expert insights on global industries, products, and market trends in this database. Last but not the least, we make it our duty to ensure the success of clients connected to us—after all—if you do well, a little of the light shines on us.
Zion Market Research
244 Fifth Avenue, Suite N202
New York, 10001, United States
Tel: +49-322 210 92714
USA/Canada Toll-Free No.1-855-465-4651