PUBLISHER: Allied Market Research | PRODUCT CODE: 1298393
PUBLISHER: Allied Market Research | PRODUCT CODE: 1298393
The global polyester fiber market was valued at $81.1 billion in 2022, and is projected to reach $160.1 billion by 2032, growing at a CAGR of 7.1% from 2023 to 2032.
Polyester fiber is a long-chain synthetic polymer that is produced via chemical reactions between acid and alcohol. Polyester fibers exhibit superior features such as resistance from wrinkle, stretching, abrasion, chemicals, and shrinking, and possess other favorable properties such as quick drying and high strength, making them an ideal solution in the fashion industry. Polyester fabrics produced from polyester fiber are strong, elastic, and have high resistance to abrasion and wrinkle. In addition, they are preferred for fabricating outdoor clothing as they can resist wear and tear longer than cotton and retain their shapes in severe climatic conditions.
For the purpose of analysis, the global polyester fiber market scope covers segmentation based on form, grade, product type, application, and region. The report highlights the information about various forms such solid and hollow polyester fiber. It further provides the details about different product types, including polyester staple fiber (PSF) and polyester filament yarn (PFY). In addition, the applications covered in the study are automotive, home furnishing, textile, filtration, construction, and others.
Furthermore, polyethylene terephthalate (PET) polyester and poly-1, 4-cyclohexylene-dimethylene terephthalate (PCDT) polyester are the different grades of polyester fiber described in the report. Moreover, it analyzes the current market trends of polyester fiber across different regions such as North America, Europe, Asia-Pacific, and LAMEA and suggests future growth opportunities along with consideration of the COVID-19 impact. The growth drivers, restraints, and opportunities are explained in the report to better understand the market dynamics. This report further highlights the key areas of investment.
In addition, it includes Porter's five forces analysis to understand the competitive scenario of the industry and the role of each stakeholder. Value chain analysis for this industry, which includes R&D, components manufacturers, assembly, programming & testing, marketing & sales, customers, and post-sales services, is explained. The report features the strategies adopted by key market players to maintain their foothold in the market. Furthermore, it highlights the competitive landscape of the key players to increase their market share and sustain the intense competition in the industry.
In addition, the report covers profiles of key industry participants such as Reliance Industries Limited, Barnet, Sarla Performance Fibers Limited, Markische Faser GmbH, PolyFiber Industries, TORAY INDUSTRIES, INC., Nirmal Fibers (P) Ltd., Indorama Ventures Public Company Limited, NAN YA PLASTICS CORPORATION, and Stein Fibers, LTD.