Market Overview

Polyester Fiber Market set to Grow at 8% CAGR up to 2024

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Polyester Fiber Market set to Grow at 8% CAGR up to 2024

Asia Pacific Polyester Fiber Market is a major segment and holds in excess of 65% of the global industry share. North America and Europe will see growth at a sluggish rate owing to the increasing trends of using organic fabrics for apparels as well as home textiles.

PR Newswire

SELBYVILLE, Del., July 24, 2018 /PRNewswire-iReach/ -- Polyester Fiber Market from jackets and coats segment will grow at a CAGR of over 7.5% in the forecast period owing to increasing demand especially in colder regions of Europe and North America.

Polyester Fiber Market size will likely surpass USD 165 billion by 2024. Polyester is said to have superior quality, firm strength, and with wrinkle-free, tear-resistant, and reduced shrinking properties. These properties help the fiber in maintaining strength once woven in certain cloth. Using of such superior quality material in the apparels, home textiles, furnishing, carpets, and other such products enhances its quality and looks. Apart from these, the product is also used for insulating and cushioning purposes along with tire reinforcements which further augments the polyester fiber market. With high stain resistance, fabric made from the product is used in making higher quality apparels and clothing series. Extensive use of the product in apparels, home furnishing & decor, mattresses, and other textiles will catalyze the polyester fiber market in the future years.

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PCDT is appropriate for stronger and heavier applications, for instance, industrial textiles, draperies, and furniture coverings. Rising building & construction activities especially in the BRICS nations will influence the furniture industry in the future years. Growing furniture demand in these regions will further augment the polyester fiber market demand in the forecast period.

Polyester fiber market is classified on the basis of products as hollow and solid. The hollow fiber acts as a filler to the clothing and other materials. The segment will witness growth with a substantial CAGR of around 7.5% in the forecast timespan. Solid segment holds a prominent share in global polyester fiber market and will spur to capture a over three-quarters of the industry share in coming years.

The product finds extensive application in curtains, carpets, furniture covers, cushioning, mattresses, and other home textiles. Branded apparels are manufactured using fabric made from polyester fiber to enhance its properties and get wrinkle free and stain resistant garments. The segment holds a prominent share of the polyester fiber market and will exhibit growth with a lucrative rate owing to its increasing demand in the apparels and fabrics.

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Key industry players operating in the polyester fiber market are Indorama Ventures, Reliance Industries, Toray Industries, Märkische Faser GmbH, Sarla Performance Fibers, Stein Fibers, William Barnet & Son, Kayavlon Impex, GreenFiber International, Silon, Nirmal Fibres, Polyfibre Industries, Swicofil, Diyou Fibre, and Shree Renga Polymers to name a few.

Partial Chapters From The Table of contents:

  • Chapter 1. Methodology and Scope
  • 1.1. Methodology
  • 1.1.1.  Initial data exploration
  • 1.1.2.  Statistical model and forecast
  • 1.1.3.   Industry insights and validation
  • 1.1.4.   Definitions & forecast parameters
  • 1.2. Data sources
  • 1.2.1.   Secondary
  • 1.2.2.   Primary+

Browse Table of Contents of This Report@ https://www.gminsights.com/toc/detail/polyester-fiber-market

  • Chapter 2. Executive Summary
  • 2.1. Polyester fiber market 360° synopsis, 2013 – 2024
  • 2.1.1.   Business trends
  • 2.1.2.   Grade trends
  • 2.1.3.   Product trends
  • 2.1.4.   Application trends
  • 2.1.5.   Regional trends
  • Chapter 3. Polyester Fiber Industry Insights
  • 3.1. Industry segmentation
  • 3.2. Industry landscape, 2013 - 2024
  • 3.3. Industry ecosystem analysis
  • 3.3.1.   Distribution channel analysis
  • 3.3.2.   Vendor matrix
  • 3.4. Raw material analysis
  • 3.5. Regulatory landscape
  • 3.5.1.   U.S.
  • 3.5.2.   Europe
  • 3.5.3.   China
  • 3.6. Pricing analysis
  • 3.6.1.   Regional pricing
  • 3.7. Industry impact forces
  • 3.7.1.   Growth drivers
  • 3.7.2.   Industry pitfalls & challenges
  • 3.8. Growth potential analysis
  • 3.9. Porter's analysis
  • 3.10.       Competitive landscape, 2016
  • 3.10.1.   Strategic dashboard
  • 3.11.    PESTEL analysis

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