The global polyester fiber market size accounted for USD 85.60 billion in 2023 and is projected to reach around USD 158.70 billion by 2032, at a CAGR of 7.10% during the forecast period from 2023 to 2032.
Key Takeaways
- Asia Pacific contributed more than 40% of revenue share in 2022.
- North America is estimated to expand the fastest CAGR between 2023 and 2032.
- By form, the solid segment has held the largest market share of 56% in 2022.
- By form, the hollow segment is anticipated to grow at a remarkable CAGR of 7.8% between 2023 and 2032.
- By grade, the polyethylene terephthalate (pet) polyester segment generated over 72% of revenue share in 2022.
- By grade, the PCDT polyester segment is expected to expand at the fastest CAGR over the projected period.
- By product type, the polyester filament yarn (pfy) segment generated over 70% of revenue share in 2022.
- By product type, the polyester staple fiber (psf) segment is expected to expand at the fastest CAGR over the projected period.
- By application, the textile segment generated over 28% of revenue share in 2022.
- By application, the automotive segment is expected to expand at the fastest CAGR over the projected period.
The Polyester Fiber market has witnessed significant growth in recent years, establishing itself as a key player in the global textile industry. Characterized by its versatility, durability, and cost-effectiveness, polyester fiber has become a preferred choice for a wide range of applications, from clothing to home furnishings. This synthetic fiber’s popularity can be attributed to its ability to mimic natural fibers while offering enhanced performance and longevity.
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Growth Factors
Several factors contribute to the robust growth of the Polyester Fiber market. Technological advancements in manufacturing processes have led to improved quality and consistency, meeting the stringent demands of diverse industries. Additionally, the growing awareness and emphasis on sustainable practices have prompted the development of eco-friendly variants, further expanding the market reach. The rise of fast fashion and the increasing disposable income of consumers in emerging economies also play pivotal roles, driving the demand for affordable yet stylish clothing and textiles. As the textile landscape continues to evolve, the Polyester Fiber market is poised for sustained growth, driven by innovation and shifting consumer preferences.
Polyester Fiber Market Scope
| Report Coverage | Details |
| Growth Rate from 2023 to 2032 | CAGR of 7.10% |
| Market Size in 2023 | USD 85.60 Billion |
| Market Size by 2032 | USD 158.70 Billion |
| Largest Market | Asia Pacific |
| Base Year | 2022 |
| Forecast Period | 2023 to 2032 |
| Segments Covered | By Form, By Grade, By Product Type, and By Application |
| Regions Covered | North America, Europe, Asia-Pacific, Latin America, and Middle East & Africa |
Form
- Solid
- Hollow
Polyester fibers are available in various forms to cater to diverse industry needs. The market commonly offers staple fibers and filament fibers. Staple fibers, short in length, find extensive use in applications like textiles and non-woven fabrics. On the other hand, filament fibers, characterized by continuous strands, are favored in industries requiring strength and durability, such as industrial applications.
Grade
- Polyethylene terephthalate (PET) Polyester
- PCDT Polyester
The Polyester Fiber Market is segmented based on different grades to meet specific quality and performance requirements. Standard or regular grade polyester fibers are widely utilized in everyday products, while high-performance or specialty grades are sought after for applications demanding exceptional strength, flame resistance, or other specialized characteristics. This segmentation allows industries to select fibers tailored to their precise needs.
Product Type
- Polyester Filament Yarn (PFY)
- Polyester Staple Fiber (PSF)
Within the Polyester Fiber Market, diverse product types cater to specific applications. These include solid, hollow, and recycled polyester fibers. Solid fibers are known for their uniformity and strength, while hollow fibers find applications in thermal insulation due to their lightweight and insulating properties. Recycled polyester fibers align with growing environmental concerns, offering sustainable alternatives for eco-conscious industries.
Application
- Home Furnishing
- Textile
- Filtration
- Construction
- Others
The versatility of polyester fibers is evident in their wide range of applications. In the textile industry, polyester fibers are commonly used in apparel, home furnishings, and industrial fabrics. In the non-woven sector, they contribute to products like wipes and hygiene products. Additionally, polyester fibers play a crucial role in sectors such as automotive, construction, and geotextiles, showcasing their adaptability and strength across various applications.
Recent Developments
- In March 2023, Reliance Industries successfully finalized its acquisition of Sintex Industries. This significant milestone came one year after receiving approval from banks and just a month after the National Company Law Tribunal (NCLT) greenlit the transaction.
- In January 2023, Stein Fibers Ltd. made a strategic move by acquiring the Fibertex Corporation. This acquisition was aimed at enhancing its product portfolio, allowing the company to provide better services to its customers. These corporate developments showcase the dynamic nature of the business world, with companies continuously seeking opportunities for growth and expansion through strategic acquisitions.
Polyester Fiber Market Players
- Reliance Industries
- Indorama Ventures
- China Petroleum & Chemical Corporation (Sinopec)
- Toray Industries
- Huvis Corporation
- Tongkun Group
- Zhejiang Hengyi Group
- Nan Ya Plastics Corporation
- Teijin Limited
- Bombay Dyeing
- SRF Limited
- Märkische Faser
- Alpek S.A.B. de C.V.
- Far Eastern New Century Corporation
- Asahi Kasei Corporation
TABLE OF CONTENT
Chapter 1. Introduction
1.1. Research Objective
1.2. Scope of the Study
1.3. Definition
Chapter 2. Research Methodology (Premium Insights)
2.1. Research Approach
2.2. Data Sources
2.3. Assumptions & Limitations
Chapter 3. Executive Summary
3.1. Market Snapshot
Chapter 4. Market Variables and Scope
4.1. Introduction
4.2. Market Classification and Scope
4.3. Industry Value Chain Analysis
4.3.1. Raw Material Procurement Analysis
4.3.2. Sales and Distribution Channel Analysis
4.3.3. Downstream Buyer Analysis
Chapter 5. COVID 19 Impact on Polyester Fiber Market
5.1. COVID-19 Landscape: Polyester Fiber Industry Impact
5.2. COVID 19 – Impact Assessment for the Industry
5.3. COVID 19 Impact: Global Major Government Policy
5.4. Market Trends and Opportunities in the COVID-19 Landscape
Chapter 6. Market Dynamics Analysis and Trends
6.1. Market Dynamics
6.1.1. Market Drivers
6.1.2. Market Restraints
6.1.3. Market Opportunities
6.2. Porter’s Five Forces Analysis
6.2.1. Bargaining power of suppliers
6.2.2. Bargaining power of buyers
6.2.3. Threat of substitute
6.2.4. Threat of new entrants
6.2.5. Degree of competition
Chapter 7. Competitive Landscape
7.1.1. Company Market Share/Positioning Analysis
7.1.2. Key Strategies Adopted by Players
7.1.3. Vendor Landscape
7.1.3.1. List of Suppliers
7.1.3.2. List of Buyers
Chapter 8. Global Polyester Fiber Market, By Form
8.1. Polyester Fiber Market Revenue and Volume Forecast, by Form, 2023-2032
8.1.1. Solid
8.1.1.1. Market Revenue and Volume Forecast (2020-2032)
8.1.2. Hollow
8.1.2.1. Market Revenue and Volume Forecast (2020-2032)
Chapter 9. Global Polyester Fiber Market, By Grade
9.1. Polyester Fiber Market Revenue and Volume Forecast, by Grade, 2023-2032
9.1.1. Polyethylene terephthalate (PET) Polyester
9.1.1.1. Market Revenue and Volume Forecast (2020-2032)
9.1.2. PCDT Polyester
9.1.2.1. Market Revenue and Volume Forecast (2020-2032)
Chapter 10. Global Polyester Fiber Market, By Product Type
10.1. Polyester Fiber Market Revenue and Volume Forecast, by Product Type, 2023-2032
10.1.1. Polyester Filament Yarn (PFY)
10.1.1.1. Market Revenue and Volume Forecast (2020-2032)
10.1.2. Polyester Staple Fiber (PSF)
10.1.2.1. Market Revenue and Volume Forecast (2020-2032)
Chapter 11. Global Polyester Fiber Market, By Application
11.1. Polyester Fiber Market Revenue and Volume Forecast, by Application, 2023-2032
11.1.1. Automotive
11.1.1.1. Market Revenue and Volume Forecast (2020-2032)
11.1.2. Home Furnishing
11.1.2.1. Market Revenue and Volume Forecast (2020-2032)
11.1.3. Textile
11.1.3.1. Market Revenue and Volume Forecast (2020-2032)
11.1.4. Filtration
11.1.4.1. Market Revenue and Volume Forecast (2020-2032)
11.1.5. Construction
11.1.5.1. Market Revenue and Volume Forecast (2020-2032)
11.1.6. Others
11.1.6.1. Market Revenue and Volume Forecast (2020-2032)
Chapter 12. Global Polyester Fiber Market, Regional Estimates and Trend Forecast
12.1. North America
12.1.1. Market Revenue and Volume Forecast, by Form (2020-2032)
12.1.2. Market Revenue and Volume Forecast, by Grade (2020-2032)
12.1.3. Market Revenue and Volume Forecast, by Product Type (2020-2032)
12.1.4. Market Revenue and Volume Forecast, by Application (2020-2032)
12.1.5. U.S.
12.1.5.1. Market Revenue and Volume Forecast, by Form (2020-2032)
12.1.5.2. Market Revenue and Volume Forecast, by Grade (2020-2032)
12.1.5.3. Market Revenue and Volume Forecast, by Product Type (2020-2032)
12.1.5.4. Market Revenue and Volume Forecast, by Application (2020-2032)
12.1.6. Rest of North America
12.1.6.1. Market Revenue and Volume Forecast, by Form (2020-2032)
12.1.6.2. Market Revenue and Volume Forecast, by Grade (2020-2032)
12.1.6.3. Market Revenue and Volume Forecast, by Product Type (2020-2032)
12.1.6.4. Market Revenue and Volume Forecast, by Application (2020-2032)
12.2. Europe
12.2.1. Market Revenue and Volume Forecast, by Form (2020-2032)
12.2.2. Market Revenue and Volume Forecast, by Grade (2020-2032)
12.2.3. Market Revenue and Volume Forecast, by Product Type (2020-2032)
12.2.4. Market Revenue and Volume Forecast, by Application (2020-2032)
12.2.5. UK
12.2.5.1. Market Revenue and Volume Forecast, by Form (2020-2032)
12.2.5.2. Market Revenue and Volume Forecast, by Grade (2020-2032)
12.2.5.3. Market Revenue and Volume Forecast, by Product Type (2020-2032)
12.2.5.4. Market Revenue and Volume Forecast, by Application (2020-2032)
12.2.6. Germany
12.2.6.1. Market Revenue and Volume Forecast, by Form (2020-2032)
12.2.6.2. Market Revenue and Volume Forecast, by Grade (2020-2032)
12.2.6.3. Market Revenue and Volume Forecast, by Product Type (2020-2032)
12.2.6.4. Market Revenue and Volume Forecast, by Application (2020-2032)
12.2.7. France
12.2.7.1. Market Revenue and Volume Forecast, by Form (2020-2032)
12.2.7.2. Market Revenue and Volume Forecast, by Grade (2020-2032)
12.2.7.3. Market Revenue and Volume Forecast, by Product Type (2020-2032)
12.2.7.4. Market Revenue and Volume Forecast, by Application (2020-2032)
12.2.8. Rest of Europe
12.2.8.1. Market Revenue and Volume Forecast, by Form (2020-2032)
12.2.8.2. Market Revenue and Volume Forecast, by Grade (2020-2032)
12.2.8.3. Market Revenue and Volume Forecast, by Product Type (2020-2032)
12.2.8.4. Market Revenue and Volume Forecast, by Application (2020-2032)
12.3. APAC
12.3.1. Market Revenue and Volume Forecast, by Form (2020-2032)
12.3.2. Market Revenue and Volume Forecast, by Grade (2020-2032)
12.3.3. Market Revenue and Volume Forecast, by Product Type (2020-2032)
12.3.4. Market Revenue and Volume Forecast, by Application (2020-2032)
12.3.5. India
12.3.5.1. Market Revenue and Volume Forecast, by Form (2020-2032)
12.3.5.2. Market Revenue and Volume Forecast, by Grade (2020-2032)
12.3.5.3. Market Revenue and Volume Forecast, by Product Type (2020-2032)
12.3.5.4. Market Revenue and Volume Forecast, by Application (2020-2032)
12.3.6. China
12.3.6.1. Market Revenue and Volume Forecast, by Form (2020-2032)
12.3.6.2. Market Revenue and Volume Forecast, by Grade (2020-2032)
12.3.6.3. Market Revenue and Volume Forecast, by Product Type (2020-2032)
12.3.6.4. Market Revenue and Volume Forecast, by Application (2020-2032)
12.3.7. Japan
12.3.7.1. Market Revenue and Volume Forecast, by Form (2020-2032)
12.3.7.2. Market Revenue and Volume Forecast, by Grade (2020-2032)
12.3.7.3. Market Revenue and Volume Forecast, by Product Type (2020-2032)
12.3.7.4. Market Revenue and Volume Forecast, by Application (2020-2032)
12.3.8. Rest of APAC
12.3.8.1. Market Revenue and Volume Forecast, by Form (2020-2032)
12.3.8.2. Market Revenue and Volume Forecast, by Grade (2020-2032)
12.3.8.3. Market Revenue and Volume Forecast, by Product Type (2020-2032)
12.3.8.4. Market Revenue and Volume Forecast, by Application (2020-2032)
12.4. MEA
12.4.1. Market Revenue and Volume Forecast, by Form (2020-2032)
12.4.2. Market Revenue and Volume Forecast, by Grade (2020-2032)
12.4.3. Market Revenue and Volume Forecast, by Product Type (2020-2032)
12.4.4. Market Revenue and Volume Forecast, by Application (2020-2032)
12.4.5. GCC
12.4.5.1. Market Revenue and Volume Forecast, by Form (2020-2032)
12.4.5.2. Market Revenue and Volume Forecast, by Grade (2020-2032)
12.4.5.3. Market Revenue and Volume Forecast, by Product Type (2020-2032)
12.4.5.4. Market Revenue and Volume Forecast, by Application (2020-2032)
12.4.6. North Africa
12.4.6.1. Market Revenue and Volume Forecast, by Form (2020-2032)
12.4.6.2. Market Revenue and Volume Forecast, by Grade (2020-2032)
12.4.6.3. Market Revenue and Volume Forecast, by Product Type (2020-2032)
12.4.6.4. Market Revenue and Volume Forecast, by Application (2020-2032)
12.4.7. South Africa
12.4.7.1. Market Revenue and Volume Forecast, by Form (2020-2032)
12.4.7.2. Market Revenue and Volume Forecast, by Grade (2020-2032)
12.4.7.3. Market Revenue and Volume Forecast, by Product Type (2020-2032)
12.4.7.4. Market Revenue and Volume Forecast, by Application (2020-2032)
12.4.8. Rest of MEA
12.4.8.1. Market Revenue and Volume Forecast, by Form (2020-2032)
12.4.8.2. Market Revenue and Volume Forecast, by Grade (2020-2032)
12.4.8.3. Market Revenue and Volume Forecast, by Product Type (2020-2032)
12.4.8.4. Market Revenue and Volume Forecast, by Application (2020-2032)
12.5. Latin America
12.5.1. Market Revenue and Volume Forecast, by Form (2020-2032)
12.5.2. Market Revenue and Volume Forecast, by Grade (2020-2032)
12.5.3. Market Revenue and Volume Forecast, by Product Type (2020-2032)
12.5.4. Market Revenue and Volume Forecast, by Application (2020-2032)
12.5.5. Brazil
12.5.5.1. Market Revenue and Volume Forecast, by Form (2020-2032)
12.5.5.2. Market Revenue and Volume Forecast, by Grade (2020-2032)
12.5.5.3. Market Revenue and Volume Forecast, by Product Type (2020-2032)
12.5.5.4. Market Revenue and Volume Forecast, by Application (2020-2032)
12.5.6. Rest of LATAM
12.5.6.1. Market Revenue and Volume Forecast, by Form (2020-2032)
12.5.6.2. Market Revenue and Volume Forecast, by Grade (2020-2032)
12.5.6.3. Market Revenue and Volume Forecast, by Product Type (2020-2032)
12.5.6.4. Market Revenue and Volume Forecast, by Application (2020-2032)
Chapter 13. Company Profiles
13.1. Reliance Industries
13.1.1. Company Overview
13.1.2. Product Offerings
13.1.3. Financial Performance
13.1.4. Recent Initiatives
13.2. Indorama Ventures
13.2.1. Company Overview
13.2.2. Product Offerings
13.2.3. Financial Performance
13.2.4. Recent Initiatives
13.3. China Petroleum & Chemical Corporation (Sinopec)
13.3.1. Company Overview
13.3.2. Product Offerings
13.3.3. Financial Performance
13.3.4. Recent Initiatives
13.4. Toray Industries
13.4.1. Company Overview
13.4.2. Product Offerings
13.4.3. Financial Performance
13.4.4. Recent Initiatives
13.5. Huvis Corporation
13.5.1. Company Overview
13.5.2. Product Offerings
13.5.3. Financial Performance
13.5.4. Recent Initiatives
13.6. Tongkun Group
13.6.1. Company Overview
13.6.2. Product Offerings
13.6.3. Financial Performance
13.6.4. Recent Initiatives
13.7. Zhejiang Hengyi Group
13.7.1. Company Overview
13.7.2. Product Offerings
13.7.3. Financial Performance
13.7.4. Recent Initiatives
13.8. Nan Ya Plastics Corporation
13.8.1. Company Overview
13.8.2. Product Offerings
13.8.3. Financial Performance
13.8.4. Recent Initiatives
13.9. Teijin Limited
13.9.1. Company Overview
13.9.2. Product Offerings
13.9.3. Financial Performance
13.9.4. Recent Initiatives
13.10. Bombay Dyeing
13.10.1. Company Overview
13.10.2. Product Offerings
13.10.3. Financial Performance
13.10.4. Recent Initiatives
Chapter 14. Research Methodology
14.1. Primary Research
14.2. Secondary Research
14.3. Assumptions
Chapter 15. Appendix
15.1. About Us
15.2. Glossary of Terms
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