Overview:
Polyester
fibers are sourced from recycled or new polyethylene terephthalate (PET) and
are low cost, recyclable, versatile, and highly stretchable. That is why they
are gaining substantial traction from the textile industry. The global
polyester fibers market is expecting a hike by 8.35% CAGR during the forecast
period of 2018 to 2023. Market Research Future (MRFR) in their recent report
revealed that the market would surpass the expected market valuation by the end
of 2023.
Several
factors can impact the global polyester fibers market in the coming years. Industries like the
healthcare, automotive, electronics, and construction to mention a few are
expected to take the global market ahead. As materials for carpets and rugs,
the product is gaining substantial market coverage. High investment for the
research and development sector is also expected to influence the global market
in the coming years.
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Segmentation:
MRFR, in their global polyester fiber market report,
segmented it to get a closer look of various market factors. This segmentation
is on the basis of form, product, grade, and application. Such an analysis is
getting powered by value-wise and volume-wise data received from various adept
data analysts.
Based on the form, the global polyester fiber market can
be segmented into solid and hollow.
Based on the product, the global polyester fiber
market includes polyester staple fiber (PSF) and polyester filament yarn (PFY).
Based on the grade, the global polyester fiber market
comprises polyethylene terephthalate (PET) polyester and Poly-1,
4-cyclohexylene-dimethylene terephthalate (PCDT) polyester. The polyethylene
terephthalate (PET) segment is gaining strong mileage due to its widespread
application in the food & beverage industry.
Based on the application, the global polyester fiber
market consists of carpets & rugs, non-woven fabrics, household &
institutional textiles, apparel, industrial & consumer textiles, and
fiberfill. The carpets & rugs segment is gaining substantial traction from
the market.
Regional Analysis:
Asia-Pacific (APAC), North America, Europe, Latin
America, and the Middle East & Africa (MEA) are regions that have been
included in a geographic study of the global polyester fiber market. Such an
analysis has its focus fixed on growth pockets that can be of substantial use
for future strategic moves.
The Asia-Pacific had the largest market share in 2017
and has the potential to grow with the highest CAGR during the forecast period.
This has its roots in the fastest-growing textile industry and booming
residential and commercial construction. China’s market is expected to be the
largest one and is deemed to contribute the most in the coming years. The
market is also gaining much from features like large consumer base, hike in per
capita income, cost-affordable labor, and easy access to raw materials.
North America was the second largest market in the
year 2017 and is expected to grow with a moderate CAGR in the coming years. The
region is benefiting much from the contribution made by the US that is enjoying
a surge in the demand for industrial fabrics and nonwoven fabrics application.
The European market is moderate in size and steady in
its growth that the region can enjoy in the coming years. Stringent government
regulations regarding the consumption of polyester fibers to manufacture mattresses
and household textiles can take the regional market ahead. Both the Latin
American and the MEA market have substantial potential to contribute to the
market growth in the coming years.
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and Technical Industry Insights @ https://www.marketresearchfuture.com/reports/polyester-fiber-market-7295
Competitive Landscape:
Several
companies invest substantially in the polyester fiber market to maximize their
profits. They are Reliance Industries Limited (India), Tongkun Group Co., Ltd.
(China), Shenghong Corp (Singapore), Zhejiang Hengyi Group Co., Ltd (China),
Indorama Ventures Public Company Limited (Thailand), Xin Feng Ming Group
(China), GreenFiber International S.A. (Romania), William Barnet and Son, LLC
(US), Polyfibre Industries (India), Märkische Faser GmbH (Germany), Sarla
Performance Fibers Limited (India), and TORAY INDUSTRIES, INC. (Japan).
In
August 2019, IIT-Delhi’s startup named Sanfe launched a new sanitary pad that
can be reused. The product has polyester fibers as one of its major components.
NOTE: Our Team of Researchers is Studying Covid19 and its
Impact on Various Industry Verticals and wherever required we will be considering
Covid19 Footprints for Better Analysis of Market and Industries. Cordially get
in Touch for More Details.
TABLE OF
CONTENTS
1 Executive
Summary
2 Market
Introduction
3 Market
Insights
4 Market
Dynamics Of Global Polyester Fiber Market
5 Market
Factor Analysis Of Global Polyester Fiber Market
6. Global
Polyester Fiber Market, By Form
7. Global
Polyester Fiber Market, By Product
8. Global
Polyester Fiber Market, By Grade
9. Global
Polyester Fiber Market, By Application
10. Global
Polyester Fiber Market, By Region
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