The global polyester fiber market size is expected to reach around US$ 185.4 Bn by 2026 and growing at a CAGR of around 7.6% over the forecast period 2019 to 2026.
Polyester fiber comes from the refinement of rock oil. Rock oil costs are extremely unsteady that is anticipated to own adverse impacts on its production, so preventive the polyester market demand within the forecast timeline.
Polyester could be a long chain artificial compound that is usually fashioned by reacting terephthalic acid and glycol. It consists of polyester all or 85% by weight and homogenized with cotton or wool. The worldwide market is primarily driven by the rising consumption of polyester in apparel and floor cover sectors. Moreover, the widespread use of carpets & rugs in residential and building sectors are probably going to additional drive the market throughout the forecast amount.
Polyester is that the most used and most popular fiber within the textiles trade because of its higher physical properties, lower cost, skillfulness, and recyclability, which provide a totally distinctive set of advantages unmatched by the other natural or artificial fibers. Globally, the polyester fiber market accounts for around 50% of the full manmade and natural fiber market. As so much as finish use of polyester fiber thinks about, it's been metameric into attire, home furnishing, automotive, construction, filtration, and private care and hygiene applications. The assembly of attire was around 50% of the full polyester fiber end-uses in 2016. Home furnishings accepted the second-largest end-use sector, accounting for 25% of the full world polyester volumes made. PET grade was valued at around USD 70 billion in 2018 and is often employed in the producing of high-quality materials and might be simply merging with alternative materials to boost stain resistance and wrinkle-free characteristics.
In the latter phase, PCDT fiber garners a relatively smaller market share because it lacks the strength of PET grade. However, this grade offers superior resilience and snap, which makes it an acceptable selection for the house ornamentation sector. It finds widespread applications within the production of drapes, curtains, and articles of furniture & upholstery covers. Polyester fiber has a big selection of applications in infrastructure and building business that is probably going to reinforce the polyester market over the forecast years. Rising demand from the countries like North American nation, China and Asian nation for superior quality flooring carpet in the residential and non-residential building is fostering growth for the polyester market.
By product type, the solid fibers segment dominated the polyester fiber market
The solid fibers segment dominated the polyester fiber market on the basis of product type in the year 2018. Solid fiber exhibits glorious strength, even weaving of the fibers, high sturdiness, smart finishing, and simple handiness. The phase had a considerable share in the polyester fiber market in 2018 and features a vital aesthetic charm that finds application across home furnishings, apparels, apparel, nonwoven materials, and merchandise.
Based on application, the apparel is expected to dominate during the forecast period
Apparel has dominated the application type segment in the year 2018 and the segment is projected to maintain its dominance over the forecast period from 2019 to 2026. This is in the main attributed to the exceptional characteristics of the fiber, which incorporates fast drying, high sturdiness, wonderful physical property, high wrinkle resistance, light-weight, and high form retention. These options realize application in fashion business wherever the vesture and attire need wrinkle free and fade resistant properties.
The market research study on “Global Polyester Fiber Market– Global Industry Analysis, Market Size, Opportunities and Forecast, 2019 – 2026”, offers a detailed insight into the global polyester fiber market entailing insights on its different market segments. Market dynamics with drivers, restraints, and opportunities with their impact are provided in the report. The report provides insights into the global polyester fiber market, its market product, application, grade, source, and major geographic regions. The report covers basic development policies and layouts of technology development processes. Secondly, the report covers global surgical robotics market size and volume, and segment markets by market product, application, grade, source, and geography along with the information on companies operating in the market. The global polyester fiber market analysis is provided for major regional markets including North America, Europe, Asia Pacific, Latin America and Middle East and Africa. For each region, the market size and volume for different segments have been covered under the scope of the report.
In 2018, Asia- Pacific dominated the regional market with a maximum market share
Asia- Pacific accounted for the high market share of the global polyester fiber market and the region is also expected to maintain its dominance over the forecast period. Some major factors contributing to this growth are, Significant development of flooring and residential furnishing activities because of rising construction activities of residential and business buildings within the developing countries of China and Republic of India are expected to reinforce the regional market growth.
The key companies involved in the market includes Reliance Industries Limited, Indorama Ventures Public Company Limited, William Barnet and Son, LLC, GreenFiber International S.A., Sarla Performance Fibers Limited, Märkische Faser GmbH, PolyFiber Industries, Toray Industries, Inc, Kayavlon Impex Pvt. Ltd, and Nirmal Fiber s (P) Ltd.
Market By Product
Market By Application
Market By Grade
Market By Source
Market By Geography
According to Acumen Research and Consulting, the polyester fiber market size is anticipated to be worth around US$ 185.4 Bn in 2026.
The polyester fiber market is anticipated to grow over 7.6% CAGR during the forecast period 2019 to 2026.
Asia Pacific held maximum share in 2018 for polyester fiber market.
Reliance Industries Limited, Indorama Ventures Public Company Limited, William Barnet and Son, LLC, GreenFiber International S.A. are the top players operating in the polyester fiber market.
Apparel has hit maximum share in the polyester fiber market in 2018?