Polyester Fiber Market Research Report – Forecast till 2027

Polyester Fiber Market Research Report: by Form (Solid, Hollow), Product (Polyester Staple Fiber (PSF), Polyester Filament Yarn (PFY)), Grade (Polyethylene Terephthalate (PET) Polyester), Application (Carpets and Rugs), Region - Forecast to 2027

ID: MRFR/CnM/5826-HCR | February 2021 | Region: Global | 140 pages

Polyester Fiber Market Segmentation analysis:


The polyester fiber market has been segmented on the basis of form, product, grade, application, and region.


Based on form, the polyester fiber market has been bifurcated into solid and hollow.


By product, the polyester fiber market has been classified into polyester staple fiber (PSF) and polyester filament yarn (PFY).


On the basis of grade, the polyester fiber market has been divided into polyethylene terephthalate (PET) polyester and Poly-1, 4-cyclohexylene-dimethylene terephthalate (PCDT) polyester.


Based on application, the polyester fiber market has been categorized into carpets and rugs, apparel, industrial and consumer textiles, household and institutional textiles, non-woven fabrics, and fiberfill.


The polyester fiber market has been studied across five major regions, namely, Asia-Pacific, North America, Europe, Latin America, and the Middle East & Africa.


Key players:


The key players involved in the Polyester Fiber market are Tongkun Group Co., Ltd. (China), Reliance Industries Limited (India), Zhejiang Hengyi Group Co., Ltd (China), Shenghong Corp (Singapore), Xin Feng Ming Group (China), Indorama Ventures Public Company Limited (Thailand), William Barnet and Son, LLC (US), GreenFiber International S.A. (Romania), Sarla Performance Fibers Limited (India), Märkische Faser GmbH (Germany), Polyfibre Industries (India), and TORAY INDUSTRIES, INC. (Japan).


Market overview


Polyester fibers are manufactured from recycled or virgin polyethylene terephthalate (PET). It has become the most preferable fiber within the textile industry owing to its low cost, recyclability, versatility, elasticity, high strength, easily stretchable, and highly resistant to wrinkle, abrasion, and fungus. These fibers are hydrophobic in nature and dry instantly; and can provide insulation in the form of hollow fibers. It can withstand wear and tear longer than cotton and other fabrics and easily retains their shapes in extreme climatic conditions. These fibers can be colored by dope dying or pigmentation.


According to MRFR analysis, the polyester fiber market was valued at USD 88.72 billion in 2017 and is projected to grow at a robust CAGR of 8.35% during the forecast period. Rising constructional activity across the globe is expected to drive the market growth. Moreover, growing demand for carpets and rugs; and mattresses in residential and commercial flooring solutions favors the global market growth. Additionally, surging demand for the product from various end-use application such as household, hospitals, automotive, electronics, and construction is likely to drive the market growth. Increasing application of hollow polyester fibers in medical application provides ample opportunities to the market players. In addition to this, technological advancements and growing R&D facilities further provides lucrative opportunities to the market players. Other fabrics such as cotton and wool are relatively cheaper than polyester fibers which poses a major challenge to the manufacturers.


However, fluctuating raw material prices is expected to hamper the market in the coming years. Furthermore, health hazards owing to the toxicity of polyester fiber is anticipated to restrain the market growth during the forecast period.


Global Polyester Fiber Market Share, by Application, 2017 (%)


Polyester Fiber Market


Source: MRFR analysis


Regional analysis:


The global polyester fiber market has been segmented into five key regions, namely Asia-Pacific, North America, Europe, Latin America, and the Middle East & Africa.


The Asia-Pacific accounted for the largest market share in 2017 and is expected to register the highest CAGR during the forecast period. This is attributed to the fastest-growing textile industry and growing residential and commercial construction in the region. China is the leading country in the region owing to the large consumer base, growing disposable income, low labor cost, and easy availability of raw materials. The North American market held the second-largest market share in 2017 and is expected to grow at a moderate CAGR in the following years owing to the consumer preference for organic fabric and cotton in textile applocations. The US is the major contributor in the region owing to the surging demand for the product in industrial fabrics and nonwoven fabrics application. The European market held a moderate market share and is expected to grow at a steady CAGR in the coming years owing to the stringent government regulations for consumption of polyester fibers in mattresses and household textiles. The Latin America market accounted for a considerable market share in 2017 and is expected to grow at a significant CAGR in the coming years owing to growing industrial and construction activities. The Middle East & Africa market held a significant market share and is expected to grow at a healthy CAGR during the forecast period owing to the growing demand for the product in nonwoven carpets and home furnishing applications.


Target audience:



  • Traders and distributors of polyester fiber

  • Polyester fiber manufacturers

  • Potential investors

  • Manufacturing process industries

  • Raw material suppliers

  • Nationalized laboratories

  • Government bodies



Frequently Asked Questions (FAQ) :


The valuation of the global polyester fiber market had reached USD 88.72 BN in 2017, which is projected to appreciate further at 8.35% CAGR during the forecast period (2018-2023).

Polyester fibers are made of recycled or virgin PET materials and are exclusively used in the making of carpets & rugs.

The apparel segment dominates the global polyester fiber market.

Asia Pacific holds the largest share in the global polyester fiber market, followed by North America and Europe, respectively.

Reliance Industries Limited (India), Tangka Group Co., Ltd. (China), Zhejiang Hengyi Group Co., Ltd (China), Xin Feng Ming Group (China), Shenghong Corp (Singapore), Indorama Ventures Public Company Limited (Thailand), GreenFiber International S.A. (Romania), William Barnet and Son, LLC (US), Sarla Performance Fibers Limited (India), Polyfibre Industries (India), Märkische Faser GmbH (Germany), and Toray Industries, Inc. (Japan), are some of the major players operating in the polyester fiber market.