Polyester Fiber market increases from US$59.36 billion in 2023 to US$58.08 billion by 2030, with a -0.3% CAGR, due to declining demand in the downstream market.
The global polyester fiber market is a textile titan, with a projected value of USD 151.6 billion by 2028 according to MarketsandMarkets. Its reign is fueled by a unique blend of desirable qualities that have made it a versatile and ubiquitous material across numerous industries. Polyester is strong and durable, making it ideal for long-lasting garments, industrial fabrics, and even car tires. At the same time, it offers affordability, a key factor in a world with a growing middle class and a constant demand for good-value clothing. Moreover, advancements in polyester fiber technology have yielded fabrics with desirable characteristics that were once exclusive to natural fibers. These include moisture-wicking properties that keep athletes cool and dry, wrinkle resistance for easy-care garments, and a luxurious feel that rivals silk. Such advancements have not only solidified polyester's position in the textile industry but also opened doors for its use in high-end applications.
According to our publisher’s latest study, the global Polyester Fiber market size was valued at US$ 59360 million in 2023. With growing demand in downstream market, the Polyester Fiber is forecast to a readjusted size of US$ 58080 million by 2030 with a CAGR of -0.3% during review period.
The research report highlights the growth potential of the global Polyester Fiber market. Polyester Fiber are expected to show stable growth in the future market. However, product differentiation, reducing costs, and supply chain optimization remain crucial for the widespread adoption of Polyester Fiber. Market players need to invest in research and development, forge strategic partnerships, and align their offerings with evolving consumer preferences to capitalize on the immense opportunities presented by the Polyester Fiber market.
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Polyester fibers, the synthetic fibers, are long chain polymers derived from coal, air, water, and petroleum. They are formed through chemical reaction between an acid and alcohol.
China is the largest Polyester Fiber market with about 67% market share. India is follower, accounting for about 9% market share.
The key players are Tongkun Group, Reliance, Zhejiang Hengyi Group, Shenghong, Xin Feng Ming Group, Hengli Group, Billion Industrial, Jiangsu Sanfangxiang Group, Nanya, Rongsheng PetroChemical, Sinopec Yizheng Chemical Fibre, Zhejiang GuXianDao Industrial Fiber, Far Eastern New Century, DAK Americas, Advansa, Lealea Group, Petrovietnam Petrochemical and Textile Fiber Joint Stock Company, Wellman etc. Top 3 companies occupied about 11% market share.
Key Features:
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Manmayi Raval
Research Consultant
The report on Polyester Fiber market reflects various aspects and provide valuable insights into the industry.
Market Size and Growth: The research report provide an overview of the current size and growth of the Polyester Fiber market. It may include historical data, market segmentation by Type (e.g., Polyester Staple Fiber (PSF), Polyester Filament Yarn (PFY)), and regional breakdowns.
Market Drivers and Challenges: The report can identify and analyse the factors driving the growth of the Polyester Fiber market, such as government regulations, environmental concerns, technological advancements, and changing consumer preferences. It can also highlight the challenges faced by the industry, including infrastructure limitations, range anxiety, and high upfront costs.
Market Dynamics of the Global Polyester Fiber Market:
Market Drivers:
• Versatility and Cost-Effectiveness: Polyester's wide range of applications (textiles, apparel, industrial uses) and affordability compared to natural fibers fuel market growth.
• Rising Demand from Textiles & Apparel: The expanding global textile and apparel industry, driven by growing populations and fashion trends, creates a strong demand for polyester fiber.
Market Trends:
• Focus on Sustainability: An increasing focus on eco-friendly practices is driving the demand for recycled polyester fiber and innovations in bio-based polyester alternatives.
• Technological Advancements: Advancements in fiber development like improved functionality (moisture-wicking, wrinkle resistance) and integration with smart technologies are creating new market opportunities.
Market Challenges:
• Fluctuating Oil Prices: Polyester is derived from petroleum-based products, making the market susceptible to oil price fluctuations and potential supply chain disruptions.
• Environmental Concerns: Concerns about microplastic pollution and the environmental impact of polyester production pose challenges for the industry.
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Competitive Landscape: The research report provides analysis of the competitive landscape within the Polyester Fiber market. It includes profiles of key players, their market share, strategies, and product offerings. The report can also highlight emerging players and their potential impact on the market.
Technological Developments: The research report can delve into the latest technological developments in the Polyester Fiber industry. This include advancements in Polyester Fiber technology, Polyester Fiber new entrants, Polyester Fiber new investment, and other innovations that are shaping the future of Polyester Fiber.
• Bio-based Materials: Research is ongoing to develop polyester fibers derived from renewable resources like sugarcane or recycled PET bottles. This reduces dependence on fossil fuels and promotes a more sustainable production cycle.
• Recycled Content: Technologies for efficient polyester fiber recycling are being developed, allowing manufacturers to incorporate recycled materials into new fibers, minimizing waste and reducing environmental footprint.
Downstream Procumbent Preference: The report can shed light on customer procumbent behaviour and adoption trends in the Polyester Fiber market. It includes factors influencing customer ' purchasing decisions, preferences for Polyester Fiber product.
Government Policies and Incentives: The research report analyse the impact of government policies and incentives on the Polyester Fiber market. This may include an assessment of regulatory frameworks, subsidies, tax incentives, and other measures aimed at promoting Polyester Fiber market. The report also evaluates the effectiveness of these policies in driving market growth.
Environmental Impact and Sustainability: The research report assess the environmental impact and sustainability aspects of the Polyester Fiber market.
Market Forecasts and Future Outlook: Based on the analysis conducted, the research report provide market forecasts and outlook for the Polyester Fiber industry. This includes projections of market size, growth rates, regional trends, and predictions on technological advancements and policy developments.
• Rising Demand: An increasing global population with growing disposable incomes fuels demand for textiles and other polyester-based products.
• Sustainability Improvements: Developments in recycled polyester production and eco-friendly manufacturing processes can enhance the industry's sustainability profile.
Recommendations and Opportunities: The report conclude with recommendations for industry stakeholders, policymakers, and investors. It highlights potential opportunities for market players to capitalize on emerging trends, overcome challenges, and contribute to the growth and development of the Polyester Fiber market.
• Booming Textile Industry: The ever-evolving textile industry, driven by fast fashion and rising disposable incomes, presents a strong and consistent demand for polyester fibers due to their versatility, affordability, and desirable properties.
• Sustainable Solutions: The development of recycled polyester fibers made from plastic waste offers a sustainable alternative, catering to eco-conscious consumers and brands.
Market Segmentation:
Polyester Fiber market is split by Type and by Application. For the period 2019-2030, the growth among segments provides accurate calculations and forecasts for consumption value by Type, and by Application in terms of volume and value.
Segmentation by type
Polyester Staple Fiber (PSF)
Polyester Filament Yarn (PFY)
Segmentation by application
Apparel
Industrial and Consumer Textiles
Household and Institutional Textiles
Carpets and Rugs
This report also splits the market by region:
Americas
United States
Canada
Mexico
Brazil
APAC
China
Japan
Korea
Southeast Asia
India
Australia
Europe
Germany
France
UK
Italy
Russia
Middle East & Africa
Egypt
South Africa
Israel
Turkey
GCC Countries
The below companies that are profiled have been selected based on inputs gathered from primary experts and analyzing the company's coverage, product portfolio, its market penetration.
Tongkun Group
Reliance
Zhejiang Hengyi Group
Shenghong
Xin Feng Ming Group
Hengli Group
Billion Industrial
Jiangsu Sanfangxiang Group
Nanya
Rongsheng PetroChemical
Sinopec Yizheng Chemical Fibre
Zhejiang GuXianDao Industrial Fiber
Far Eastern New Century
DAK Americas
Advansa
Lealea Group
Petrovietnam Petrochemical and Textile Fiber Joint Stock Company
Wellman
Table of Contents
1 Scope of the Report
1.1 Market Introduction
1.2 Years Considered
1.3 Research Objectives
1.4 Market Research Methodology
1.5 Research Process and Data Source
1.6 Economic Indicators
1.7 Currency Considered
1.8 Market Estimation Caveats
2 Executive Summary
2.1 World Market Overview
2.1.1 Global Polyester Fiber Annual Sales 2019-2030
2.1.2 World Current & Future Analysis for Polyester Fiber by Geographic Region, 2019, 2023 & 2030
2.1.3 World Current & Future Analysis for Polyester Fiber by Country/Region, 2019, 2023 & 2030
2.2 Polyester Fiber Segment by Type
2.2.1 Polyester Staple Fiber (PSF)
2.2.2 Polyester Filament Yarn (PFY)
2.3 Polyester Fiber Sales by Type
2.3.1 Global Polyester Fiber Sales Market Share by Type (2019-2024)
2.3.2 Global Polyester Fiber Revenue and Market Share by Type (2019-2024)
2.3.3 Global Polyester Fiber Sale Price by Type (2019-2024)
2.4 Polyester Fiber Segment by Application
2.4.1 Apparel
2.4.2 Industrial and Consumer Textiles
2.4.3 Household and Institutional Textiles
2.4.4 Carpets and Rugs
2.5 Polyester Fiber Sales by Application
2.5.1 Global Polyester Fiber Sale Market Share by Application (2019-2024)
2.5.2 Global Polyester Fiber Revenue and Market Share by Application (2019-2024)
2.5.3 Global Polyester Fiber Sale Price by Application (2019-2024)
3 Global Polyester Fiber by Company
3.1 Global Polyester Fiber Breakdown Data by Company
3.1.1 Global Polyester Fiber Annual Sales by Company (2019-2024)
3.1.2 Global Polyester Fiber Sales Market Share by Company (2019-2024)
3.2 Global Polyester Fiber Annual Revenue by Company (2019-2024)
3.2.1 Global Polyester Fiber Revenue by Company (2019-2024)
3.2.2 Global Polyester Fiber Revenue Market Share by Company (2019-2024)
3.3 Global Polyester Fiber Sale Price by Company
3.4 Key Manufacturers Polyester Fiber Producing Area Distribution, Sales Area, Product Type
3.4.1 Key Manufacturers Polyester Fiber Product Location Distribution
3.4.2 Players Polyester Fiber Products Offered
3.5 Market Concentration Rate Analysis
3.5.1 Competition Landscape Analysis
3.5.2 Concentration Ratio (CR3, CR5 and CR10) & (2019-2024)
3.6 New Products and Potential Entrants
3.7 Mergers & Acquisitions, Expansion
4 World Historic Review for Polyester Fiber by Geographic Region
4.1 World Historic Polyester Fiber Market Size by Geographic Region (2019-2024)
4.1.1 Global Polyester Fiber Annual Sales by Geographic Region (2019-2024)
4.1.2 Global Polyester Fiber Annual Revenue by Geographic Region (2019-2024)
4.2 World Historic Polyester Fiber Market Size by Country/Region (2019-2024)
4.2.1 Global Polyester Fiber Annual Sales by Country/Region (2019-2024)
4.2.2 Global Polyester Fiber Annual Revenue by Country/Region (2019-2024)
4.3 Americas Polyester Fiber Sales Growth
4.4 APAC Polyester Fiber Sales Growth
4.5 Europe Polyester Fiber Sales Growth
4.6 Middle East & Africa Polyester Fiber Sales Growth
5 Americas
5.1 Americas Polyester Fiber Sales by Country
5.1.1 Americas Polyester Fiber Sales by Country (2019-2024)
5.1.2 Americas Polyester Fiber Revenue by Country (2019-2024)
5.2 Americas Polyester Fiber Sales by Type
5.3 Americas Polyester Fiber Sales by Application
5.4 United States
5.5 Canada
5.6 Mexico
5.7 Brazil
6 APAC
6.1 APAC Polyester Fiber Sales by Region
6.1.1 APAC Polyester Fiber Sales by Region (2019-2024)
6.1.2 APAC Polyester Fiber Revenue by Region (2019-2024)
6.2 APAC Polyester Fiber Sales by Type
6.3 APAC Polyester Fiber Sales by Application
6.4 China
6.5 Japan
6.6 South Korea
6.7 Southeast Asia
6.8 India
6.9 Australia
6.10 China Taiwan
7 Europe
7.1 Europe Polyester Fiber by Country
7.1.1 Europe Polyester Fiber Sales by Country (2019-2024)
7.1.2 Europe Polyester Fiber Revenue by Country (2019-2024)
7.2 Europe Polyester Fiber Sales by Type
7.3 Europe Polyester Fiber Sales by Application
7.4 Germany
7.5 France
7.6 UK
7.7 Italy
7.8 Russia
8 Middle East & Africa
8.1 Middle East & Africa Polyester Fiber by Country
8.1.1 Middle East & Africa Polyester Fiber Sales by Country (2019-2024)
8.1.2 Middle East & Africa Polyester Fiber Revenue by Country (2019-2024)
8.2 Middle East & Africa Polyester Fiber Sales by Type
8.3 Middle East & Africa Polyester Fiber Sales by Application
8.4 Egypt
8.5 South Africa
8.6 Israel
8.7 Turkey
8.8 GCC Countries
9 Market Drivers, Challenges and Trends
9.1 Market Drivers & Growth Opportunities
9.2 Market Challenges & Risks
9.3 Industry Trends
10 Manufacturing Cost Structure Analysis
10.1 Raw Material and Suppliers
10.2 Manufacturing Cost Structure Analysis of Polyester Fiber
10.3 Manufacturing Process Analysis of Polyester Fiber
10.4 Industry Chain Structure of Polyester Fiber
11 Marketing, Distributors and Customer
11.1 Sales Channel
11.1.1 Direct Channels
11.1.2 Indirect Channels
11.2 Polyester Fiber Distributors
11.3 Polyester Fiber Customer
12 World Forecast Review for Polyester Fiber by Geographic Region
12.1 Global Polyester Fiber Market Size Forecast by Region
12.1.1 Global Polyester Fiber Forecast by Region (2025-2030)
12.1.2 Global Polyester Fiber Annual Revenue Forecast by Region (2025-2030)
12.2 Americas Forecast by Country
12.3 APAC Forecast by Region
12.4 Europe Forecast by Country
12.5 Middle East & Africa Forecast by Country
12.6 Global Polyester Fiber Forecast by Type
12.7 Global Polyester Fiber Forecast by Application
13 Key Players Analysis
13.1 Tongkun Group
13.1.1 Tongkun Group Company Information
13.1.2 Tongkun Group Polyester Fiber Product Portfolios and Specifications
13.1.3 Tongkun Group Polyester Fiber Sales, Revenue, Price and Gross Margin (2019-2024)
13.1.4 Tongkun Group Main Business Overview
13.1.5 Tongkun Group Latest Developments
13.2 Reliance
13.2.1 Reliance Company Information
13.2.2 Reliance Polyester Fiber Product Portfolios and Specifications
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