Polyester's inherent resistance to wrinkling and shrinkage makes it a highly desirable choice for clothing and textiles. This unique characteristic ensures that polyester fabrics maintain a crisp and neat appearance even after extended wear or laundering. Polyester offers convenience for individuals seeking low-maintenance garments by reducing the need for frequent ironing or specialized care. This feature is particularly advantageous for travel clothing, as it allows users to pack efficiently and arrive at their destination with garments that look fresh. Polyester's resistance to wrinkles and shrinkage in household textiles such as bed linens and curtains contributes to long-lasting aesthetics, easing the burden of regular upkeep.
According to Data Bridge Market Research analyses, 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.
"Rise in demand for textile industry boosts the market growth"
The growing demand for the textile industry serves as a key driver for the global polyester fiber market. Polyester fiber, known for its versatility, durability, and cost-effectiveness, is increasingly favored in textile production. As the global population continues to rise, the demand for textiles, including clothing, home furnishings, and industrial fabrics, escalates. Polyester's widespread use in these applications, its eco-friendly attributes, and technological advancements in manufacturing processes further propel its market growth.
What restraints the growth of the global polyester fiber market?
“Strict regulations hamper the market growth”
Stringent regulations serve as a key driver for the global polyester fiber market by promoting sustainable practices and environmental responsibility. Governments worldwide are imposing strict standards on the textile industry, encouraging the use of eco-friendly materials such as polyester fibers. Compliance with these regulations compels manufacturers to adopt cleaner production processes and invest in recycled polyester technologies. As a result, the market experiences a shift towards sustainable and recycled polyester fibers, meeting consumer demands for environmentally conscious products.
Segmentation: Global Polyester Fiber Market
The global polyester fiber market is segmented on the basis of type, source, grade, form and application.
- On the basis of type, the global polyester fiber market is segmented into polyester staple fiber (PSF), and polyester filament yarn (PFY)
- On the basis of source, the global polyester fiber market is segmented into virgin, recycled and blended
- On the basis of grade, the global polyester fiber market is segmented into polyethylene terephthalate (PET) polyester, and PCDT polyester
- On the basis of form, the global polyester fiber market is segmented into solid, and hollow
- On the basis of application, the global polyester fiber market is segmented into carpets and rugs, non-woven fabrics, fiberfill, apparel, home textile, and others
Regional Insights: Asia-Pacific dominates the Global Polyester Fiber Market
The Asia-Pacific dominates the polyester fiber market, leading in both market share and revenue. This dominance is expected to persist in the forecast period, driven by substantial growth and ongoing developments in the textile industry. The surge in construction projects within nations, especially in business and residential infrastructure, contributes significantly to the region's flourishing polyester fiber market.
To know more about the study, visit https://www.databridgemarketresearch.com/reports/global-polyester-fibre-market
Recent Developments in the Global Polyester Fiber Market
- In October 2022, Xylem Singapore Partners with Gross-Wen Technologies to Elevate Algae-Based Wastewater Treatment for Enhanced Sustainability and Efficiency. The collaboration centers on advancing GWT's revolving algal biofilm (RAB) technology to bolster nutrient recovery and minimize water utilities' carbon footprint
- In July 2022, Pentair plc Successfully Acquires Manitowoc Ice, Expanding Capabilities for Comprehensive Wastewater Management Solutions. The acquisition strengthens our commitment to delivering innovative solutions to an extended network of channel partners and customers
The Prominent Key Players Operating in the Global Polyester Fiber Market Include:
- Reliance Industries Limited (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)
Above are the key players covered in the report, to know about more and exhaustive list of global polyester fiber market companies contact, https://www.databridgemarketresearch.com/contact
Research Methodology: Global Polyester Fiber Market
Data collection and base year analysis are done using data collection modules with large sample sizes. The market data is analyzed and estimated using market statistical and coherent models. In addition, market share analysis and key trend analysis are the major success factors in the market report. The key research methodology used by DBMR research team is data triangulation which involves data mining, analysis of the impact of data variables on the market, and primary (industry expert) validation. Apart from this, data models include Vendor Positioning Grid, Market Time Line Analysis, Market Overview and Guide, Company Positioning Grid, Company Market Share Analysis, Standards of Measurement, global vs Regional and Vendor Share Analysis. Please request analyst call in case of further inquiry.
