Global Polyester Filament Yarn Market Growth 2024-2030
Polyester Filament Yarn, with a market size of $56.08 billion in 2023, is expected to reach $83.67 billion by 2030, fueled by growing demand in downstream markets and a 5.9% CAGR.
According to the publisher, the global Polyester Filament Yarn market size was valued at US$ 56080 million in 2023. With growing demand in downstream market, the Polyester Filament Yarn is forecast to a readjusted size of US$ 83670 million by 2030 with a CAGR of 5.9% during review period.
The research report highlights the growth potential of the global Polyester Filament Yarn market. Polyester Filament Yarn 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 Filament Yarn. 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 Filament Yarn market.
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Polyester filament yarns are made by taking the single polyester filaments, grouping them together and then twisting or air-entangling them to make them workable. A monofilament yarn has just one, single polyester fiber that is usually not twisted.
Global polyester filament yarn main players are Tongkun Group, Xin Feng Ming Group, Zhejiang Hengyi Group, Reliance, Shenghong, etc. Global top 2 manufacturers hold a share over 20%. Asia-Pacific is the largest market, with a share over 80%.In terms of product, partially oriented yarn (POY) is the largest segment, with a share about 55%. And in terms of application, the largest application is apparel, followed by household textiles.
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Manmayi Raval
Research Consultant
The report on Polyester Filament Yarn 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 Filament Yarn market. It may include historical data, market segmentation by Type (e.g., Partially Oriented Yarn (POY), Polyester Fully Drawn Yarn (FDY)), and regional breakdowns.
Market Drivers and Challenges: The report can identify and analyse the factors driving the growth of the Polyester Filament Yarn 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.
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Competitive Landscape: The research report provides analysis of the competitive landscape within the Polyester Filament Yarn 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 Filament Yarn industry. This include advancements in Polyester Filament Yarn technology, Polyester Filament Yarn new entrants, Polyester Filament Yarn new investment, and other innovations that are shaping the future of Polyester Filament Yarn.
Downstream Procumbent Preference: The report can shed light on customer procumbent behaviour and adoption trends in the Polyester Filament Yarn market. It includes factors influencing customer ' purchasing decisions, preferences for Polyester Filament Yarn product.
Government Policies and Incentives: The research report analyse the impact of government policies and incentives on the Polyester Filament Yarn market. This may include an assessment of regulatory frameworks, subsidies, tax incentives, and other measures aimed at promoting Polyester Filament Yarn 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 Filament Yarn market.
Market Forecasts and Future Outlook: Based on the analysis conducted, the research report provide market forecasts and outlook for the Polyester Filament Yarn industry. This includes projections of market size, growth rates, regional trends, and predictions on technological advancements and policy developments.
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 Filament Yarn market.
Market Segmentation:
Polyester Filament Yarn 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.
The worldwide polyester fiber yarn (PFY) advertise is fragmented by two key categories:
sort and application. Here's a see at each with a few figures and illustrations:
Division by Sort (Fiber Treatment):
Somewhat Arranged Yarn (POY):
This section holds the prevailing showcase share, bookkeeping for around 40%. POY goes through an starting drawing prepare, making it more grounded and more reasonable for advance preparing into FDY or DTY. Case:
POY is utilized as a base fabric for fabricating high-tenacity polyester yarns for tires.
Polyester Completely Drawn Yarn (FDY):
This section comprises yarns that have experienced a total extending prepare, coming about in tall quality and better deniers (thickness). FDY accounts for a critical share, around 30%. Illustration:
FDY is perfect for weaving high-quality attire textures like sportswear and dress shirts due to its strength and smooth surface.
Polyester Drawn Finished Yarn (DTY):
This portion is known for its bulkiness and versatility, making up generally 25% of the advertise. DTY goes through a texturing prepare that makes circles and crimps, advertising a milder feel and superior hanging properties. Illustration:
DTY is broadly utilized in weaved textures for clothing like T-shirts, socks, and sweaters due to its consolation and shape maintenance.
Division by Application (End-Use Industry):
Attire:
This is often the driving application portion, expending about half (around 48%) of the PFY showcase. Polyester's wrinkle resistance, reasonableness, and flexibility make it a prevalent choice for a wide extend of clothing things.
Mechanical:
This section is developing due to the expanding request for PFY in applications like transport belts, hoses, and filtration textures. It speaks to a developing portion, around 20% of the showcase.
Family Materials:
PFY finds utilize in carpets, window ornaments, bedsheets, and other domestic outfitting things due to its strength and simple care. This fragment accounts for roughly 15% of the advertise share. 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
Xin Feng Ming Group
Zhejiang Hengyi Group
Reliance
Shenghong
Hengli Group
Billion Industrial
Rongsheng PetroChemical
Jiangsu Sanfangxiang Group
Zhejiang Tiansheng Holding
Nanya
Toray
Key Questions Addressed in this Report
What is the 10-year outlook for the global Polyester Filament Yarn market?
What factors are driving Polyester Filament Yarn market growth, globally and by region?
Which technologies are poised for the fastest growth by market and region?
How do Polyester Filament Yarn market opportunities vary by end market size?
How does Polyester Filament Yarn break out type, application?
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 Filament Yarn Annual Sales 2019-2030
2.1.2 World Current & Future Analysis for Polyester Filament Yarn by Geographic Region, 2019, 2023 & 2030
2.1.3 World Current & Future Analysis for Polyester Filament Yarn by Country/Region, 2019, 2023 & 2030
2.2 Polyester Filament Yarn Segment by Type
2.2.1 Partially Oriented Yarn (POY)
2.2.2 Polyester Fully Drawn Yarn (FDY)
2.2.3 Polyester Drawn Textured Yarn (DTY)
2.2.4 Other
2.3 Polyester Filament Yarn Sales by Type
2.3.1 Global Polyester Filament Yarn Sales Market Share by Type (2019-2024)
2.3.2 Global Polyester Filament Yarn Revenue and Market Share by Type (2019-2024)
2.3.3 Global Polyester Filament Yarn Sale Price by Type (2019-2024)
2.4 Polyester Filament Yarn Segment by Application
2.4.1 Apparel
2.4.2 Industrial
2.4.3 Household Textiles
2.4.4 Other
2.5 Polyester Filament Yarn Sales by Application
2.5.1 Global Polyester Filament Yarn Sale Market Share by Application (2019-2024)
2.5.2 Global Polyester Filament Yarn Revenue and Market Share by Application (2019-2024)
2.5.3 Global Polyester Filament Yarn Sale Price by Application (2019-2024)
3 Global Polyester Filament Yarn by Company
3.1 Global Polyester Filament Yarn Breakdown Data by Company
3.1.1 Global Polyester Filament Yarn Annual Sales by Company (2019-2024)
3.1.2 Global Polyester Filament Yarn Sales Market Share by Company (2019-2024)
3.2 Global Polyester Filament Yarn Annual Revenue by Company (2019-2024)
3.2.1 Global Polyester Filament Yarn Revenue by Company (2019-2024)
3.2.2 Global Polyester Filament Yarn Revenue Market Share by Company (2019-2024)
3.3 Global Polyester Filament Yarn Sale Price by Company
3.4 Key Manufacturers Polyester Filament Yarn Producing Area Distribution, Sales Area, Product Type
3.4.1 Key Manufacturers Polyester Filament Yarn Product Location Distribution
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