April 18, 2024

Polyester Fiber Market Size To Gain USD 158.70 Bn by 2032

The polyester fiber market size is poised to grow by USD 158.70 billion by 2032 from USD 85.60 billion in 2023, exhibiting a CAGR of 7.10% during the forecast period 2023-2032. 

Polyester Fiber Market Size 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.

Precedence Research has conducted a comprehensive market study that provides valuable insights into the performance of the market during the forecast period. The study identifies significant trends that are shaping the growth of the Polyester fiber market. In this recently published report, essential dynamics such as drivers, restraints, and opportunities are highlighted for both established market players and emerging participants involved in production and supply.

To begin with, the Polyester fiber Market report features an executive summary that offers a concise overview of the marketplace. It outlines the key players and industry categories expected to have an impact on the market in the coming years. The executive summary provides an unbiased summary of the market.

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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

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The empirical study on the global Polyester fiber market primarily focuses on the drivers in subsequent sections. It demonstrates how changing demographics are projected to influence the supply and demand dynamics in the Polyester fiber Market. Our market report for the Polyester fiber market also delves into the significant rules and regulations that are likely to impact the future growth of this sector. Moreover, in order to comprehend the underlying demand factors, industry experts have provided insights into its fundamental origins.

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

Data Sources and Methodology

To gather comprehensive insights on the Global Polyester fiber Market, we relied on a range of data sources and followed a well-defined methodology. Our approach involved interactions with industry experts and key stakeholders across the market’s value chain, including management organizations, processing organizations, and analytics service providers.

We followed a rigorous data analysis process to ensure the quality and credibility of our research. The gathered information was carefully evaluated, and relevant quantitative data was subjected to statistical analysis. By employing robust analytical techniques, we were able to derive meaningful insights and present a comprehensive overview of the Global Polyester fiber Market.

The most resonating, simple, genuine, and important causes because of which you must decide to buy the Polyester fiber market report exclusively from precedence research

  • The research report has been meticulously crafted to provide comprehensive knowledge on essential marketing strategies and a holistic understanding of crucial marketing plans spanning the forecasted period from 2023 to 2032.

Key Features of the Report:

  • Comprehensive Coverage: The report extensively encompasses a detailed explanation of highly effective analytical marketing methods applicable to companies across all industry sectors.
  • Decision-Making Enhancement: It outlines a concise overview of the decision-making process while highlighting key techniques to enhance it, ensuring favorable business outcomes in the future.
  • Articulated R&D Approach: The report presents a well-defined approach to conducting research and development (R&D) activities, enabling accurate data acquisition on current and future marketing conditions.

Market Segmentation:

By Form

  • Solid
  • Hollow

By Grade

  • Polyethylene terephthalate (PET) Polyester
  • PCDT Polyester

By Product Type

  • Polyester Filament Yarn (PFY)
  • Polyester Staple Fiber (PSF)

By Application

  • Automotive
  • Home Furnishing
  • Textile
  • Filtration
  • Construction
  • Others

By Geography

  • North America
  • Europe
  • Asia-Pacific
  • Latin America
  • Middle East and Africa

Reasons to Consider Purchasing the Report:

  • Enhance your market research capabilities by accessing this comprehensive and precise report on the global Polyester fiber market.
  • Gain a thorough understanding of the overall market landscape and be prepared to overcome challenges while ensuring robust growth.
  • Benefit from in-depth research and analysis of the latest trends shaping the global Polyester fiber market.
  • Obtain detailed insights into evolving market trends, current and future technologies, and strategic approaches employed by key players in the global Polyester fiber market.
  • Receive valuable recommendations and guidance for both new entrants and established players seeking further market expansion.
  • Discover not only the cutting-edge technological advancements in the global Polyester fiber market but also the strategic plans of industry leaders.

Table of Content

By Form

  • Solid
  • Hollow

By Grade

  • Polyethylene terephthalate (PET) Polyester
  • PCDT Polyester

By Product Type

  • Polyester Filament Yarn (PFY)
  • Polyester Staple Fiber (PSF)

By Application

  • Automotive
  • Home Furnishing
  • Textile
  • Filtration
  • Construction
  • Others

By Geography

  • North America
  • Europe
  • Asia-Pacific
  • Latin America
  • Middle East and Africa

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