Polyester Fiber Market by Product, Form, Grade, Model, Processing Type, Application

List of Tables

[187 Pages Report] The Polyester Fiber Market size was estimated at USD 116.93 billion in 2023 and expected to reach USD 126.64 billion in 2024, at a CAGR 8.50% to reach USD 207.10 billion by 2030.

Polyester is a category of synthetic polymers containing the functional group ester in every repeat unit of their main chain. Polyester fiber has diverse applications spanning various industry segments, including its highly popular usage in the textile industry, home furnishings, car fittings, and insulation materials. Increasing production of automotive and aircraft components has necessitated the use of polyester fibers to manufacture durable automotive elements. Additionally, significant interest has been placed on polyester fibers' capacity expansion and production optimization. However, the production of polyester fiber entails high energy consumption and significant emissions of greenhouse gasses, making it a subject of environmental concern. Additionally, price fluctuations in raw materials pose financial constraints and strategic challenges to market players. However, major manufacturers are constantly investing efforts to manufacture polyester fiber from recycled materials such as plastic bottles, making it a viable choice for environment-conscious consumers. Innovation and research in polyester fiber are largely directed toward enhancing fiber properties, promoting production efficiency, and integrating sustainable practices. Areas of focus include chemical recycling techniques for polyester, bio-based polyester fiber development, and advancements in fiber blending technologies.

KEY MARKET STATISTICS
Base Year [2023]	USD 116.93 billion
Estimated Year [2024]	USD 126.64 billion
Forecast Year [2030]	USD 207.10 billion
CAGR (%)	8.50%

Regional Insights

The textile and apparel industry heavily relies on polyester fiber in the Americas. Therefore, the scale of use is comparatively high, as consumer demand is driven by convenience and affordability. The U.S., in particular, exhibits a significant share due to an upscale in the clothing space and increased demand for high-performance fibers. The Americas is characterized by a large number of technological advancements and R&D initiatives in materials sciences that have significantly improved the durability and efficiency of polyester fibers. In addition, Europe has an evident surge in the use of recycled polyester fiber, facilitated by the stringent regulations of Europe concerning environmental sustainability and waste management. Consequently, European manufacturers are initiating innovations that prioritize polyester fiber recycling, which leads to higher adoption of polyester fiber. APAC is the hub of the global textile industry and is witnessing an exponential increase in demand for polyester fiber. Countries such as China and India are contributing to this growth, driven by lower production costs and the large-scale presence of manufacturers. Additionally, rapidly increasing urbanization and growth in the disposable income in these regions are further leading to increased adoption of polyester fiber in varied sectors.

Market Insights

Market Dynamics

The market dynamics represent an ever-changing landscape of the Polyester Fiber Market by providing actionable insights into factors, including supply and demand levels. Accounting for these factors helps design strategies, make investments, and formulate developments to capitalize on future opportunities. In addition, these factors assist in avoiding potential pitfalls related to political, geographical, technical, social, and economic conditions, highlighting consumer behaviors and influencing manufacturing costs and purchasing decisions.

Market Drivers
- Increasing production of automotive and aircraft and the need for durable materials
- Rising utility of polyester in the textile and packaging industry
- Emphasis on the adoption of nonwoven products for healthcare applications

Market Restraints
- Environmental concerns and limited biodegradability of polyester fibers

Market Opportunities
- Advancements in technology for producing eco-friendly and recycled polyester fibers
- Preference for custom production of polyester fabrics for industrial applications

Market Challenges
- Chemical sensitivity and quality variability of polyester fibers

Market Segmentation Analysis
- Product: Rising adoption of filament fiber in the textile industry owing to its smooth nature
- Form: Expansive use of hollow fiber in household and daily use items
- Grade: Growing awareness about the benefits of using PCDT polymer fiber
- Model: R&D initiatives to improve functional and performance attributes of recycled polyester fiber
- Processing Type: Rising utilization of melt spinning to achieve environmental sustainability and superior product quality
- Application: Need for lightweight and durable materials driving the growth of polyester fibers in the automotive and transportation sector

Market Disruption Analysis
Porter's Five Forces Analysis
Value Chain & Critical Path Analysis
Pricing Analysis
Technology Analysis
Patent Analysis
Trade Analysis
Regulatory Framework Analysis

FPNV Positioning Matrix

The FPNV positioning matrix is essential in evaluating the market positioning of the vendors in the Polyester Fiber Market. This matrix offers a comprehensive assessment of vendors, examining critical metrics related to business strategy and product satisfaction. This in-depth assessment empowers users to make well-informed decisions aligned with their requirements. Based on the evaluation, the vendors are then categorized into four distinct quadrants representing varying levels of success, namely Forefront (F), Pathfinder (P), Niche (N), or Vital (V).

Market Share Analysis

The market share analysis is a comprehensive tool that provides an insightful and in-depth assessment of the current state of vendors in the Polyester Fiber Market. By meticulously comparing and analyzing vendor contributions, companies are offered a greater understanding of their performance and the challenges they face when competing for market share. These contributions include overall revenue, customer base, and other vital metrics. Additionally, this analysis provides valuable insights into the competitive nature of the sector, including factors such as accumulation, fragmentation dominance, and amalgamation traits observed over the base year period studied. With these illustrative details, vendors can make more informed decisions and devise effective strategies to gain a competitive edge in the market.

Recent Developments

Inditex And Ambercycle Sign A Three-Year Agreement To Buy Regenerated Polyester For Over EUR 70 Million

Inditex, a fashion company entered into a strategic partnership with Ambercycle to support the expansion of recycled polyester textile production. As part of the agreement, Inditex has committed to purchasing enhanced quantities of cycora, an innovative material derived from post-industrial and post-consumer polyester waste, over the next three years to improve its customer base. [Published On: 2023-10-25]

Indorama to Invest USD 150 Million In PET Recycling Plants In India

Indorama Ventures Public Co Ltd, headquartered in Bangkok and primarily owned by Indians, is investing USD 150 million in three PET recycling plants in India. These plants, expected to commence commercial production in 2026, to complement the company's existing PET production for both domestic and export markets. [Published On: 2023-09-12]

Fiber Industries Announces the Establishment of Darlington Green, South Carolina's Sustainability Hub for the Textiles and Packaging Industry Anchored by Darling Fibers

Polyester Fiber Industries, known as Darling Fibers, recently announced the establishment of Darlington Green, a sustainability-focused hub for textiles and packaging. At this hub, Darling Fibers is planned to spearhead research, development, and innovation, aiming to facilitate the growth and resilience of America's textiles and packaging industries. [Published On: 2023-07-11]

Strategy Analysis & Recommendation

The strategic analysis is essential for organizations seeking a solid foothold in the global marketplace. Companies are better positioned to make informed decisions that align with their long-term aspirations by thoroughly evaluating their current standing in the Polyester Fiber Market. This critical assessment involves a thorough analysis of the organization's resources, capabilities, and overall performance to identify its core strengths and areas for improvement.

Key Company Profiles

The report delves into recent significant developments in the Polyester Fiber Market, highlighting leading vendors and their innovative profiles. These include Alpek S.A.B. de C.V., Arkema S.A., Asahi Kasei Corporation, BASF SE, Bombay Dyeing & Manufacturing Company Limited, China Petrochemical Corporation, Diyou Fibre (M) Sdn Bhd, DT Group Ltd., DuPont de Nemours, Inc., East Asia Textile Technology Ltd., Eastman Chemical Company, Estal, Evonik Industries AG, Huvis Corporation, Indorama Corporation, Meadowbrook Inventions, Inc., Mitsubishi Chemical Group Corporation, Mitsui Chemicals Inc., Reliance Industries Limited, SABIC, Sarla Performance Fibers Limited, Shanghai Polytex Co., Limited, Shanghai Vico Industrial Co., Ltd., Silon, LLC, Solvay S.A., Teijin Limited, Texofib, The Dow Chemical Company, Toray Industries, Inc., US Fibers, William Barnet & Son, Inc., Xin Feng Ming Group Co., Ltd., Xinda Corporation, and Zhejiang Changxing Perfectextile Co., Ltd..

Market Segmentation & Coverage

This research report categorizes the Polyester Fiber Market to forecast the revenues and analyze trends in each of the following sub-markets:

Product
- Polyester Filament Yarn
- Polyester Staple Fiber

Form
- Hollow
- Solid

Grade
- PCDT Polyester Fibers
- PET Polyester Fibers

Model
- Recycled Polyester
- Virgin Polyester

Processing Type
- Dry Spinning
- Melt Spinning
- Wet Spinning

Application
- Agriculture
- Automotive & Transportation
- Construction & Building
- Home Furnishing
- Industrial Manufacturing
- Textile & Apparel

Region
- Americas
  - Argentina
  - Brazil
  - Canada
  - Mexico
  - United States
    - California
    - Florida
    - Illinois
    - New York
    - Ohio
    - Pennsylvania
    - Texas
- Asia-Pacific
  - Australia
  - China
  - India
  - Indonesia
  - Japan
  - Malaysia
  - Philippines
  - Singapore
  - South Korea
  - Taiwan
  - Thailand
  - Vietnam

Europe, Middle East & Africa
- Denmark
- Egypt
- Finland
- France
- Germany
- Israel
- Italy
- Netherlands
- Nigeria
- Norway
- Poland
- Qatar
- Russia
- Saudi Arabia
- South Africa
- Spain
- Sweden
- Switzerland
- Turkey
- United Arab Emirates
- United Kingdom

Product Code: MRR-E0619F0768F5

1. Preface

1.1. Objectives of the Study
1.2. Market Segmentation & Coverage
1.3. Years Considered for the Study
1.4. Currency & Pricing
1.5. Language
1.6. Stakeholders

2. Research Methodology

2.1. Define: Research Objective
2.2. Determine: Research Design
2.3. Prepare: Research Instrument
2.4. Collect: Data Source
2.5. Analyze: Data Interpretation
2.6. Formulate: Data Verification
2.7. Publish: Research Report
2.8. Repeat: Report Update

3. Executive Summary

4. Market Overview

5. Market Insights

5.1. Market Dynamics
- 5.1.1. Drivers
  - 5.1.1.1. Increasing production of automotive and aircraft and the need for durable materials
  - 5.1.1.2. Rising utility of polyester in the textile and packaging industry
  - 5.1.1.3. Emphasis on the adoption of nonwoven products for healthcare applications
- 5.1.2. Restraints
  - 5.1.2.1. Environmental concerns and limited biodegradability of polyester fibers
- 5.1.3. Opportunities
  - 5.1.3.1. Advancements in technology for producing eco-friendly and recycled polyester fibers
  - 5.1.3.2. Preference for custom production of polyester fabrics for industrial applications
- 5.1.4. Challenges
  - 5.1.4.1. Chemical sensitivity and quality variability of polyester fibers
5.2. Market Segmentation Analysis
- 5.2.1. Product: Rising adoption of filament fiber in the textile industry owing to its smooth nature
- 5.2.2. Form: Expansive use of hollow fiber in household and daily use items
- 5.2.3. Grade: Growing awareness about the benefits of using PCDT polymer fiber
- 5.2.4. Model: R&D initiatives to improve functional and performance attributes of recycled polyester fiber
- 5.2.5. Processing Type: Rising utilization of melt spinning to achieve environmental sustainability and superior product quality
- 5.2.6. Application: Need for lightweight and durable materials driving the growth of polyester fibers in the automotive and transportation sector
5.3. Market Trend Analysis
- 5.3.1. Technological advancements and increasing investments in the expansion of the production capacity drive continuous market growth in the Americas region
- 5.3.2. Massive utilization across the textile and upholstery sector has created potential demand for polyester fiber in APAC
- 5.3.3. Rising emphasis on sustainability and shift toward recycled polyester fiber in EMEA backed by enormous expansion in production capacities
5.4. Cumulative Impact of High Inflation
5.5. Porter's Five Forces Analysis
- 5.5.1. Threat of New Entrants
- 5.5.2. Threat of Substitutes
- 5.5.3. Bargaining Power of Customers
- 5.5.4. Bargaining Power of Suppliers
- 5.5.5. Industry Rivalry
5.6. Value Chain & Critical Path Analysis
5.7. Regulatory Framework Analysis

6. Polyester Fiber Market, by Product

6.1. Introduction
6.2. Polyester Filament Yarn
6.3. Polyester Staple Fiber

7. Polyester Fiber Market, by Form

7.1. Introduction
7.2. Hollow
7.3. Solid

8. Polyester Fiber Market, by Grade

8.1. Introduction
8.2. PCDT Polyester Fibers
8.3. PET Polyester Fibers

9. Polyester Fiber Market, by Model

9.1. Introduction
9.2. Recycled Polyester
9.3. Virgin Polyester

10. Polyester Fiber Market, by Processing Type

10.1. Introduction
10.2. Dry Spinning
10.3. Melt Spinning
10.4. Wet Spinning

11. Polyester Fiber Market, by Application

11.1. Introduction
11.2. Agriculture
11.3. Automotive & Transportation
11.4. Construction & Building
11.5. Home Furnishing
11.6. Industrial Manufacturing
11.7. Textile & Apparel

12. Americas Polyester Fiber Market

12.1. Introduction
12.2. Argentina
12.3. Brazil
12.4. Canada
12.5. Mexico
12.6. United States

13. Asia-Pacific Polyester Fiber Market

13.1. Introduction
13.2. Australia
13.3. China
13.4. India
13.5. Indonesia
13.6. Japan
13.7. Malaysia
13.8. Philippines
13.9. Singapore
13.10. South Korea
13.11. Taiwan
13.12. Thailand
13.13. Vietnam

14. Europe, Middle East & Africa Polyester Fiber Market

14.1. Introduction
14.2. Denmark
14.3. Egypt
14.4. Finland
14.5. France
14.6. Germany
14.7. Israel
14.8. Italy
14.9. Netherlands
14.10. Nigeria
14.11. Norway
14.12. Poland
14.13. Qatar
14.14. Russia
14.15. Saudi Arabia
14.16. South Africa
14.17. Spain
14.18. Sweden
14.19. Switzerland
14.20. Turkey
14.21. United Arab Emirates
14.22. United Kingdom

15. Competitive Landscape

15.1. Market Share Analysis, 2023
15.2. FPNV Positioning Matrix, 2023
15.3. Competitive Scenario Analysis
- 15.3.1. Inditex And Ambercycle Sign A Three-Year Agreement To Buy Regenerated Polyester For Over EUR 70 Million
- 15.3.2. Indorama to Invest USD 150 Million In PET Recycling Plants In India
- 15.3.3. Fiber Industries Announces the Establishment of Darlington Green, South Carolina's Sustainability Hub for the Textiles and Packaging Industry Anchored by Darling Fibers
- 15.3.4. Advansa and APF collaborate on 'biodegradable' polyester Premium Article
- 15.3.5. Lululemon Inks Multiyear Partnership to Recycle Nylon, Polyester
- 15.3.6. Toray Rebranding &+ Recycled Fiber Brand to Underscore Sustainable Economy Commitment
- 15.3.7. Kintra Fibers Lands USD 8 Million to Expand Bio-Based Polyester Alternative
- 15.3.8. India's RIL acquires Shubhalakshmi Polyesters, Shubhlaxmi Polytex
- 15.3.9. Nippon Shokubai Acquired ISCC PLUS Certification for Various Products, Including Acrylic Acid, Superabsorbent Polymers, and Ethylene Oxide
- 15.3.10. Fairbrics Raises Euro 22 M to Bring to Market its CO2-Based Polyester Fiber and Reduce the Textile Industry's Carbon Footprint
- 15.3.11. Alpek Concludes Acquisition of OCTAL

16. Competitive Portfolio

16.1. Key Company Profiles
16.2. Key Product Portfolio