Polyester Fiber Market Global Forecast Report to 2028

Global Polyester Fiber Market

Dublin, Nov. 28, 2023 (GLOBE NEWSWIRE) — The “Polyester Fiber Market by Form (Solid and Hollow), Grade (PET Polyester Fiber and Pcdt Polyester Fiber), Product type (PFY and PSF), Application (Textile & Apparel, Home Furnishing, Automotive), and Region – Global Forecast to 2028” report has been added to AnalysisAndMarkets.com’s providing.

Polyester fiber’s estimated international market dimension is USD 102.2 billion in 2023, and it’s anticipated to succeed in USD 151.6 billion by 2028. Between 2023 and 2028, this development is anticipated to happen at a Compound Annual Growth Rate (CAGR) of 8.2%.

The rising demand for polyester fiber may be attributed to a large number of great elements. Firstly, the sheer versatility of polyester fiber renders it a primary candidate for an intensive array of functions, spanning from textiles and apparel to industrial and technological makes use of. Its sturdiness, resistance to creases, and simple upkeep have collectively catapulted it to being a popular selection throughout the style and home furnishings sectors. Moreover, polyester’s compatibility with different fibers, similar to cotton, serves to boost the efficiency of textile merchandise. Furthermore, its cost-effectiveness and relative ease of manufacturing have firmly established it as the fabric of selection for producers. In a world more and more conscientious of the atmosphere, polyester’s recyclability and ongoing sustainability initiatives have bolstered its ascent in recognition, as extra ecologically-friendly variants proceed to emerge. Consequently, the demand for polyester fiber continues to develop throughout a large variety of industries, propelled by its adaptability, endurance, and eco-conscious improvements.

Textile & Apparel is the biggest software section in phrases quantity and worth.

In 2022, the marketplace for polyester fiber was dominated by the textile & attire software. It would be the main the applying section within the international kaolin market and it’s anticipated to continue to grow within the close to future. Polyester fiber’s distinctive mixture of attributes, similar to distinctive sturdiness, resistance to wrinkles, and shade retention, render it a primary choice for textiles and clothes. This adaptability extends to a big selection of things, from on a regular basis apparel to high-performance sportswear. The textile and attire trade has successfully harnessed polyester fiber’s potential, creating an array of kinds that cater to numerous client preferences and style developments, making it the trade’s plain chief. Moreover, the worldwide inhabitants’s exponential development, coupled with the fast urbanization unfolding earlier than us, has given rise to a burgeoning demand for inexpensive and trendy clothes. Polyester fiber is impeccably positioned to satisfy this surge in demand, owing to its cost-effectiveness, ease of upkeep, and adaptableness.

Story continues

PET polyester fiber section is to witness the very best development fee through the forecast interval.

Throughout the forecast interval, the PET polyester fiber section is anticipated to develop most importantly. PET polyester fiber is most well-liked throughout many functions as a result of its versatility and cost-effectiveness. It’s utilized in textiles, clothes, home furnishings, and trade due to its exceptional energy, sturdiness, and resistance to environmental elements. Moreover, it is acknowledged for its recyclability, which aligns with international sustainability targets. As know-how advances and environmental issues change into extra essential, the demand for PET polyester fiber is predicted to continue to grow, making it a elementary part of the worldwide fiber trade.

Solid type of polyester fiber is to be the main section through the forecast interval.

Solid polyester fiber is the biggest section of world polyester fiber market in 2022. The section can be anticipated to witness the very best CAGR through the forecasted interval. This is primarily as a result of its exceptional adaptability and distinctive qualities. Solid polyester fiber can be utilized in all kinds of functions, from textiles and clothes to industrial and technical makes use of, making it extremely wanted in right this moment’s consumer-driven world. Its fame is constructed on its sturdiness and resilience, as it may possibly face up to the take a look at of time and endure put on and tear, which is extremely valued in merchandise that have to final and stay sturdy.

Asia Pacific is the main marketplace for polyester fiber.

An in depth evaluation of the Asia Pacific polyester fiber market has been carried out, considering South Korea, China, Japan, India, Australia and the remainder of the area. Due to demographic adjustments, rising financial circumstances in rising economies, and the continued pattern of modernization, this area presents a really promising marketplace for polyester. The Asia-Pacific area’s ever-evolving client panorama, mixed with authorities help for the textile trade, firmly establishes the area as a major contributor to the worldwide demand for polyester fiber.

Market Dynamics

Drivers

Restraints

Opportunities

Challenges

Key Attributes:

Key Topics Covered:

Executive Summary

• Polyester Filament Yarn to be Faster-Growing Polyester Fiber During Forecast Period

• Solid Form Segment to Lead Polyester Fiber Market

• Pet Polyester to Lead Polyester Fiber Market

• Home Furnishing to be Second-Fastest-Growing Application of Polyester Fiber

• China to be Largest Country in Polyester Fiber Market

• Asia-Pacific Dominated Polyester Fiber Market in 2022

Premium Insights

• Attractive Opportunities for Players in Polyester Fiber Market -High Demand from Textile & Apparel Industry to Drive Market

• Polyester Fiber Market, by Type – Polyester Filament Yarn Dominated Overall Market

• Polyester Fiber Market, by Grade and Region – Asia-Pacific to be Largest Polyester Fiber Market

• Polyester Fiber Market, by Application – Textile & Apparel to Lead Polyester Fiber Market

• Polyester Fiber Market, by Key Country – China to Register Highest CAGR During Forecast Period

Companies Profiled

• Alpek S.A.B. De C.V.

• Barnet

• Diyou Fiber (M) Sdn Bhd.

• Dongguan Yuexin Industrial

• Eastman Chemical

• Green Group

• Indorama Ventures

• Jiangnan Textile (Shanghai)

• Kayavlon Impex

• Markische Faser

• Reliance Industries

• Sarla Performance Fibers

• Sinopec Yizheng Chemical Fiber

• Stein Fibers

• Swicofil

• The Bombay Dyeing and Manufacturing Company

• Toray Industries Inc.

• Vnpolyfiber (Vietnam Polyester Staple Fiber)

• Xiamei (Guangzhou) Synthetic Fiber

• Zhejiang Hengyi Group

For extra details about this report go to https://www.researchandmarkets.com/r/cddjes

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