Polyester Fiber Market Size, Share, Trends, Value 2030

Polyester Fiber Market

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

Category: Chemical & Materials Report Format : PDF Pages: 199 Report Code: ZMR-6733 Published Date: Oct-2021 Status : Published
Market Size in 2020 Market Forecast in 2028 CAGR (in %) Base Year
USD 55.1 Billion USD 78.1 Billion 7.3% 2020

Polyester Fiber Market: Global Industry Perspective

The Global Polyester Fiber Market accrued earnings worth approximately 55.1 (USD Billion) in 2020 and is predicted to gain revenue of about 78.1(USD Billion) by 2028, is set to record a CAGR of nearly 7.3% over the period from 2021 to 2028.

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 2020 along with a forecast from 2021 to 2028 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

Report Attributes Report Details
Report Name Polyester Fiber Market Research Report
Market Size in 2020 USD 55.1 Billion
Market Forecast in 2028 USD 78.1 Billion
Growth Rate CAGR of 7.3%
Number of Pages 210
Key Companies Covered 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
Segments Covered By Product, By Grade, By Application and By Region
Regions Covered North America, Europe, Asia Pacific (APAC), Latin America, Middle East, and Africa (MEA)
Base Year 2020
Historical Year 2016 to 2020
Forecast Year 2020 - 2028
Customization Scope Avail customized purchase options to meet your exact research needs. Request For Customization

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 2028

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.

Global Polyester Fiber Market SizeRequest Free Sample

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

By Application

 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

Table Of Content

Methodology

FrequentlyAsked Questions

Exceptional physical product features including elasticity, strength, durability, and high modulus has resulted into large-scale growth of polyester fiber industry over 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 versatility of melt spinning procedures will culminate into humungous growth of polyester fiber industry over forthcoming years. In addition to this, launching of durable fabrics for home furnishing and clothing along with huge consumer preference for easy-care clothes & garments will boost growth of polyester fiber market within next couple of years. Major role played by biotechnology applications in treating polyester fabric is predicted to bring a paradigm shift in development of polyester fiber industry in the next decade.

 

According to Zion market research report, the global Polyester Fiber Market accrued earnings worth approximately 55.1 (USD Billion) in 2020 and is predicted to gain revenue of about 78.1(USD Billion) by 2028, is set to record a CAGR of nearly 7.3% over the period from 2021 to 2028.

 

Asia Pacific will contribute lucratively towards the global market value over the estimated timeline. The regional market surge is subject to emerging fashion industry in China, Malaysia, Japan, and India. Apart from this, rise in expenditure on home refurbishing for improving aesthetic appeal as well as decorum of homes will prompt growth of polyester fiber industry in Asia Pacific over years to come. Moreover, huge presence of myriad industry players in region will contribute majorly towards growth of market in sub-continent over forecasting timeframe.

The key market participants include 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.

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