Global Polyester Fiber Market – Industry Trends and Forecast to 2030

Polyester Fiber Market Analysis and Size  

Polyester fiber plays a crucial role in the production of specific types of car tire reinforcements. Moreover, polyester fiber is used to make fabrics that are used in conveyor belts and safety belt manufacturing due to its strong and lightweight properties.

Data Bridge Market Research analyses that the Global Polyester Fiber Market which was USD 3,361.98 million in 2022, would rocket up to USD 5,545.68 million by 2030, and is expected to undergo a CAGR of 6.2% during the forecast period of 2023 to 2030. “Polyethylene terephthalate (PET) polyester segment” dominates the type segment of the Global Polyester Fiber Market part owing to its use in the production of high-quality fabrics and its ability to blend with other materials in order to enhance wrinkle-free and stain-resistant qualities. In addition to the insights on market scenarios such as market value, growth rate, segmentation, geographical coverage, and major players, the market reports curated by the Data Bridge Market Research also include in-depth expert analysis, geographically represented company-wise production and capacity, network layouts of distributors and partners, detailed and updated price trend analysis and deficit analysis of supply chain and demand.

Polyester Fiber Market Scope and Segmentation

Market Definition

Polyester fiber is a synthetic fiber that is a long-chain polymer obtained from coal, water, air, and petroleum. These fibers are produced through a chemical reaction between dihydric alcohol and dicarboxylic acid. Polyester fiber is the most crucial synthetic fiber across the globe in terms of production volume owing to its superior performance and ease with which it can be processed. It is used in the production of multiple products, such as home furnishings, clothing, industrial fabrics, tire cord fabrics, filters, and nonwoven fabrics. This fiber has numerous advantages over conventional materials such as cotton.

Global Polyester Fiber Market Dynamics

Drivers

• The growing demand for the textile industry

A growing preference for polyester fiber over cotton is expected to help boost the market due to its abrasion resistance, strength, and anti-wrinkle properties, as well as its increased abrasion resistance. A wide range of industries, such as automobiles, electronics, and hospitality, are expected to contribute to the market's growth.

• Growing demand for carpets and rugs in the commercial and residential sectors

Growing demand for carpets and rugs in the commercial and residential sectors drives the polyester fiber market, while an increase in nonwoven materials and products, along with the growing urbanization and home décor industries, is expected to drive the polyester fiber industry to grow.

Opportunities

• Thriving demand for polyester fibers from industries

There will also be a positive effect on the market from the thriving demand for polyester fibers from industries like hospitality, automotive, electronics, household, and manufacturing. Further, a rise in the mattress market in the coming years is likely to further strengthen the demand for polyester fibers.

Restraints/Challenges

• Stringent regulations and harmful effects

There are some factors that are hampering the growth of the market, such as stringent regulations and harmful effects associated with polyester.

Recent Development

• In October 2022, Xylem Singapore and Gross-Wen Technologies collaborated to boost the sustainability and efficiency of algae-based wastewater treatment tech. The project focuses on the development of GWT’s revolving algal biofilm (RAB) technology to promote nutrient recovery and reduce the carbon footprint of water utilities
• In July 2022, Pentair plc acquired Manitowoc Ice. This acquisition allows us to enhance and deliver wastewater management solutions to an expanded network of channel partners and customers.

Global Polyester Fiber Market Scope

The Polyester Fiber Market is segmented on the basis of type, source, grade, form, and application. The growth amongst these segments will help you analyze meagre growth segments in the industries and provide the users with a valuable market overview and market insights to help them make strategic decisions for identifying core market applications.

Type

• Polyester Staple Fiber (PSF),
• Polyester Filament Yarn (PFY))

Source

• Virgin
• Recycled and Blended

Grade

• Polyethylene Terephthalate (PET) Polyester,
• PCDT Polyester

Form

• Solid
• Hollow

Application

• Carpets and Rugs,
• Non-Woven Fabrics,
• Fiberfil,
• Apparel,
• Home textiles,
• Others

Global Polyester Fiber Market Regional Analysis/Insights

The polyester fiber market is analysed and market size insights and trends are provided by country, type, source, grade, form, and application as referenced above.

The countries covered in the polyester fiber market report are U.S., Canada, Mexico, Brazil, Argentina, Rest of South America, Germany, France, Italy, U.K., Belgium, Spain, Russia, Turkey, Netherlands, Switzerland, Rest of Europe, Japan, China, India, South Korea, Australia and New Zealand, Singapore, Malaysia, Thailand, Indonesia, Philippines, Rest of Asia-Pacific, United Arab Emirate, Saudi Arabia, Egypt, Israel, South Africa, Rest of Middle East and Africa.

Asia-Pacific dominates the Polyester Fiber Market in terms of market share and revenue and will continue to flourish its dominance during the forecast period. This is because of the significant growth and numerous developments in the textile industry. Because of the increasing construction projects of business and residential infrastructure within the growing nations.

The country section of the report also provides individual market impacting factors and changes in regulation in the market domestically that impacts the current and future trends of the market. Data points like down-stream and upstream value chain analysis, technical trends and porter's five forces analysis, and case studies are some of the pointers used to forecast the market scenario for individual countries. Also, the presence and availability of global brands and their challenges faced due to large or scarce competition from local and domestic brands, the impact of domestic tariffs and trade routes are considered while providing forecast analysis of the country data.   

Competitive Landscape and Global Polyester Fiber Market Share Analysis

The global polyester fiber market competitive landscape provides details by competitors. Details included are company overview, company financials, revenue generated, market potential, investment in research and development, new market initiatives, global presence, production sites and facilities, production capacities, company strengths and weaknesses, product launch, product width and breadth, application dominance. The above data points provided are only related to the companies' focus related to Global Polyester Fiber Market.

Some of the major players operating in the global polyester fiber market are:

• Reliance Industries Limited (Mumbai, India)
• Sarla Performance Fibers Limited (Portugal
• Märkische Faser GmbH (Germany)
• Poly Fiber Industries (India)
• Toray Industries Inc. (Japan)
• Nirmal Fibers (P) Ltd (India)
• Indorama Ventures Public Company Limited (Thailand)
• Stein Fibers LTD. (U.S.)
• Green Group S.A. (Peru)
• Kayavlon (India)
• Diyou Fiber (M) Sdn Bhd (Malaysia)
• Swicofil AG (Switzerland)
• Sinopec Yizheng Chemical Fiber Limited Liability Company (China)
• Alpek S.A.B. de C.V (Mexico)
• Zhejiang Hengyi Group Co. Ltd. (China)

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