Pune, India, September 2023/MRFR Press Release/- Market Research Future has published a half-cooked research report on the Global Polyester Fiber Market.
Market Research Future (MRFR) has published a cooked research report on the “Polyester Fiber Market” that contains information from 2018 to 2032. The Polyester Fiber Market is estimated to register a CAGR of 9.21% during the forecast period of 2023 to 2032.
MRFR recognizes the following companies as the key players in the global Polyester Fiber Market — Reliance Industries Limited, Barnet, Sarla Performance Fibers Limited, Märkische Faser GmbH, Green Group S.A., PolyFiber Industries, TORAY INDUSTRIES, INC., and Nirmal Fibers (P) Ltd
The global Polyester Fiber Market is accounted to register a CAGR of 9.21% during the forecast period and is estimated to reach USD 210.16 billion by 2032.
Polyester fiber is a synthetic fiber made from polymerizing petrochemical products. It is known for its durability, wrinkle resistance, and ease of care, making it a popular choice in various applications.
The global Polyester Fiber Market has been segmented based Form, Grade, Application
The polyester fiber market segmentation, based on the form, includes solid and hollow. The solid segment dominated the market, accounting for major market revenue over the forecast period. This is due to consumer preferences shifting toward highly durable, cost-effective, and weather-resistant materials. Rapidly growing demand for solid fibers due to their wide applications in home furnishing products, apparel, and high-end materials will drive the polyester fiber market.
The polyester fiber market segmentation, based on grade, includes polyethylene terephthalate (PET) polyester, and poly-1, 4-cyclohexylene-dimethylene terephthalate (PCDT) Polyester. The polyethylene terephthalate (PET) polyester category generated the most income over the forecast period. This is majorly d due to its high strength, rigidity, and flexibility, this material is widely used in floor coverings, rugs, and residential textile products.
The polyester fiber market segmentation, based on application, includes carpets & rugs, apparel, industrial & consumer textiles, household & institutional textiles, non-woven fabrics, fiberfill, and others. The apparel category generated the most income over the forecast period due to its characteristics, such as high elasticity, excellent wrinkle resistance, and shape retention ability.
The global Polyester Fiber Market, based on region, has been divided into North America, Europe, Asia-Pacific, and Rest of the World. The Asia Pacific polyester fiber market will dominate over the forecast period, owing to the rising fashion industry in developing countries, including China, India, Japan, and Malaysia. Increasing spending on home remodeling activities to gain an attractive appearance will create opportunities for home furnishing products. Moreover, China polyester fiber market held the largest market share, and the Indian polyester fiber market was the fastest-growing market in the Asia-Pacific region. Further, the major countries studied in the market report are The U.S., Canada, German, France, the UK, Italy, Spain, China, Japan, India, Australia, South Korea, and Brazil.
Europe polyester fiber market accounts for the second-largest market share due to a large population base and fast-developing economies, rapid urbanization, and increasing disposable income of people in the region. Further, the German polyester fiber market held the largest market share, and the UK polyester fiber market was the fastest-growing market in the European region.
The North America polyester fiber market is expected to grow at the fastest CAGR from 2023 to 2032. This is due to increased adoption within textile and surgical applications. Moreover, the US polyester fiber market held the largest market share, and the Canada polyester fiber market was the fastest-growing market in the North America region.
Key Findings of the Study
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