Polyester Fiber Market Segment Analysis On The Basis Of Type, Source, Grade, Form, Denier, Application, Region And Forecast


 San Francisco, 4 June 2024: The Report Polyester Fiber Market Size, Share & Trends Analysis Report By Type (Polyester Staple Fiber, Polyester Filament Yarn), By Source, By Grade, By Form, By Denier, By Application, By Region, And Segment Forecasts, 2024 - 2030

The global polyester fiber market size is anticipated to reach USD 191.57 billion by 2030 and is projected to grow at a CAGR of 7.3% from 2024 to 2030, according to a new report by Grand View Research, Inc. The market is a key sector of the global textile and materials industry and is characterized by its versatility, durability, and affordability. Polyester fibers derived from synthetic polymers find extensive use in various applications, from clothing and home textiles to industrial products and automotive components.

One of the main drivers of the market growth is the booming demand for textiles worldwide. Polyester fibers offer numerous advantages over natural fibers such as cotton, including greater strength, wrinkle resistance, and easy care. These properties make polyester an attractive choice for apparel manufacturers, particularly in regions where cost efficiency is a priority. In addition, technological advances in fiber production have enabled the development of specialty polyester fibers with improved properties, such as moisture wicking for sportswear and flame retardancy for industrial applications.

The market players are focusing on various strategic initiatives such as mergers, acquisitions, and collaborations. For instance, in January 2023, Stein Fibers Ltd. completed the acquisition of Fibertex Corporation as part of its strategy to enhance its product offerings and provide enhanced services to its customer base. 

Access Research Report of Polyester Fiber Market @ https://www.grandviewresearch.com/industry-analysis/polyester-fiber-market-report

Polyester Fiber Market Report Highlights

  • Based on type, the polyester staple fiber (PSF) segment held the market with the largest revenue share of 65.5% in 2023
  • Based on source, the virgin segment led the market with the largest revenue share of over 86.5% in 2023
  • Based on grade, the polyethylene terephthalate (PET) polyester segment led the market with the largest revenue share of 78.9% in 2023
  • Asia Pacific dominated the market with the revenue share of 43% in 2023, due to growing industrial, textile, automotive, and construction industry especially in Thailand, Philippines, Bangladesh, India, Indonesia, and Vietnam
  • China was the leading manufacturer of polyester fiber in the Asia Pacific region and captured around 53% of the revenue market share in 2023

Polyester Fiber Market Report Scope

Report Attribute

Details

Market size value in 2024

USD 125.38 billion

Revenue forecast in 2030

USD 191.57 billion

Growth rate

CAGR of 7.3% from 2024 to 2030

Base year for estimation

2023

Historical data

2018 - 2022

Forecast period

2024 - 2030

List of Key Players in the Polyester Fiber Market

  • Reliance Industries Limited
  • Sarla Performance Fibers Limited
  • Märkische Faser GmbH
  • Poly Fiber Industries
  • Toray Industries Inc.
  • Nirmal Fibers (P) Ltd
  • Indorama Ventures Public Company Limited
  • Stein Fibers LTD.
  • Green Group S.A.
  • Kayavlon
  • Diyou Fiber (M) Sdn Bhd
  • Swicofil AG
  • Sinopec Yizheng Chemical Fiber Limited Liability Company
  • Alpek S.A.B. de C.V.

Access Press Release of Polyester Fiber Market @ https://www.grandviewresearch.com/press-release/global-polyester-fiber-market

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