Polyester Fiber Market Overview to 2023:

Polyester fibers are long chain synthetic polymers that are manufactured through chemical reactions between an alcohol and acid, mainly ethylene glycol and terephthalic acid. Polyester yarns and other fabrics made from polyester fibers exhibit high strength, elasticity, and are resistant to wrinkle and abrasion. They possess superior physical properties such as low cost, excellent recyclability, resistance to shrinking and aggressive chemicals; and are hydrophobic in nature. They are also used to provide insulation in the form of hollow fibers.

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Competitive Analysis

Tongkun Group Co., Ltd.
Reliance Industries Limited
Zhejiang Hengyi Group Co., Ltd
Shenghong Corp
Xin Feng Ming Group
Indorama Ventures Public Company Limited
William Barnet and Son, LLC
GreenFiber International S.A.
Sarla Performance Fibers Limited
Märkische Faser GmbH
Polyfibre Industries
Toray Industries, Inc
Market Segmentation:

Based on form, the global polyester fiber market has been categorized into solid and hollow. The solid segment dominated the global market in 2017 owing to its extensive applications in home furnishing, textile products, non-woven fabrics, and apparels. The hollow segment is expected to regsiter for the highest CAGR in the coming years due to its growing consumption in fiberfill which is widely used in pillows; and quilts and protective coating due to its warmth.

By product, the global polyester fiber market has been bifurcated into polyester staple fiber (PSF) and polyester filament yarn (PFY). The PSF segment is expected to be the largest and is estimated to be the fastest-growing segment during the forecast period owing to its high versatility and has diverse applications in textile products, fiber filling, home furnishing, filtration, and automotive among others.

On the basis of grade, the global polyester fiber market has been segmented into polyethylene terephthalate (PET) polyester and Poly-1, 4-cyclohexylene-dimethylene terephthalate (PCDT) polyester. The PET segment held the largest market share in 2017 owing to its superior strength than PCDT and its easy blending property with other materials for the production of wrinkle free and stain resistant apparels and textiles. The PCDT segment is expected to grow at the highest CAGR during the forecast period due to its superior elasticity and resilience and increasing consumer applications in interior decoration, furniture covering, and draperies.

Based on application, the global polyester fiber market has been classified into carpets and rugs, apparel, industrial and consumer textiles, household and institutional textiles, non-woven fabrics, and fiberfill. The apparel segment dominated the market in 2017 owing to its large demand in cotton-substituted clothing in sportwear and other textile clothing possessing antimicrobial properties. The fiberfill is expected to be the fastest-growing segment during the review period owing to the growing applications in pillows and quilts; and in audio speakers for its acoustic properties.

Regional Analysis

Geographically, the global polyester fiber market has been studied across the five regions —Asia-Pacific, North America, Latin America, Europe, and the Middle East & Africa.

The Asia-Pacific market held the largest market share in 2017 and is projected to grow at the highest CAGR in the following years owing to its growing textile industry, rising furnishing and flooring activities, and growing constructional activities in the region. China is the major contributor in the region due to growing purchasing power, cost effective labor, rapid industrialization and residential complexes. India, Japan, Taiwan, and South Korea are other regional contributors. Moreover, presence of major companies in the region such as Reliance Industries Limited, Tongkun Group Co., Ltd., and TORAY INDUSTRIES, INC. further propels the regional market growth.

Target audience:

Traders and distributors of polyester fiber
Polyester fiber manufacturers
Potential investors
Manufacturing process industries
Raw material suppliers
Nationalized laboratories
Government bodies
 

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