According to the report by Expert Market Research (EMR), the global polyester fibre market is projected to grow at a CAGR of 3.9% between 2024 and 2032. Aided by its widespread use in the textile industry and its expanding applications across various sectors, the market is expected to grow significantly by 2032.
Polyester fibre, a synthetic fibre derived primarily from petroleum, is renowned for its durability, resistance to various chemicals, and versatility. Predominantly utilized in the textile industry for clothing and home furnishing applications, it has become an essential material in the global market. Its characteristics like wrinkle resistance, quick-drying, and high tensile strength, make it highly desirable for both consumer and industrial applications.
Get a Free Sample Report With Table Of Contents – https://www.expertmarketresearch.com/reports/polyester-fibre-market/requestsample
A key factor fuelling the polyester fibre market growth is the increasing demand for cost-effective and durable textiles. The fibre’s affordability, coupled with its superior properties compared to natural fibres, has led to its widespread adoption in the fashion and apparel sectors. Furthermore, the trend towards fast fashion, characterized by rapid production and turnover of clothing items, has significantly boosted the demand for polyester fibre, given its ease of production and consistency in quality.
The versatility of polyester fibre extends beyond the realm of textiles, finding applications in various industries. In the automotive sector, it is used in tire reinforcements, seat belts, and interior fabrics. The construction industry employs polyester fibre in insulations, roofing materials, and geotextiles. Its resistance to different environmental factors also makes it ideal for outdoor applications, including awnings, tents, and garden furniture.
Innovation in polyester fibre manufacturing, such as the development of eco-friendly and high-performance fibres, is another significant trend influencing the polyester fibre market outlook. Advances in technology have enabled the production of recycled polyester fibres, which are made from post-consumer plastic bottles and industrial waste, thereby reducing environmental impact. Additionally, the development of specialized fibres, such as hollow and conjugated fibres, has expanded the application scope of polyester in industries like filtration, hygiene, and healthcare.
Geographically, Asia Pacific holds a significant portion of the polyester fibre market share, attributed to the presence of major textile manufacturing countries like China, India, and Bangladesh. The region’s low production costs, abundant labour, and progressive industrial policies have made it a hub for polyester fibre production and consumption. Moreover, the growing middle-class population and rising disposable incomes in this region are further propelling the demand for polyester fibre-based products.
Read Full Report With Table Of Contents – https://www.expertmarketresearch.com/reports/polyester-fibre-market
Polyester Fibre Market Segmentation
The market can be divided based on product, source, form, grade, application, and region.
Market Breakup by Product
- Polyester Staple Fibre (PSF)
- Polyester Filament Yarn (PFY)
Market Breakup by Source
- Virgin
- Recycled
- Blended
- Others
Market Breakup by Form
- Solid
- Hollow
Market Breakup by Grade
- PET Polyester
- PCDT Polyester
Market Breakup by Application
- Apparels
- Home Textiles
- Industrial Textiles
- Non-woven Fabrics
- Others
Market Breakup by Region
- North America
- Europe
- Asia Pacific
- Latin America
- Middle East and Africa
Competitive Landscape
The EMR report looks into the market shares, plant turnarounds, capacities, investments, and mergers and acquisitions, among other major developments, of the leading companies operating in the global polyester fibre market. Some of the major players explored in the report by Expert Market Research are as follows:
- Alpek S.A.B. de C.V.
- Indorama Ventures Public Company Limited.
- TongKun Group Co., Ltd.
- Reliance Industries Limited.
- China Petroleum & Chemical Corporation.
- Toray Industries, Inc.
- Greenfibre International S.A
- Fibre Industries
- Stein Fibres, LTD.
- Far Eastern New Century Corporation
- Others
Read More Reports:
Frozen Soup Market: https://www.expertmarketresearch.com/reports/frozen-soup-market
Amorphous Soft Magnetic Materials Market: https://www.expertmarketresearch.com/reports/amorphous-soft-magnetic-materials-market
Coin-operated Laundries Market: https://www.expertmarketresearch.com/reports/coin-operated-laundries-market
About Us
Acquire unparalleled access to critical industry insights with our comprehensive market research reports, meticulously prepared by a team of seasoned experts. These reports are designed to equip decision-makers with an in-depth understanding of prevailing market trends, competitive landscapes, and growth opportunities.
Our high-quality, data-driven analysis provides the essential framework for organisations seeking to make informed and strategic decisions in an increasingly complex and rapidly evolving business environment. By investing in our market research reports, you can ensure your organisation remains agile, proactive, and poised for success in today’s competitive market.
Don’t miss the opportunity to elevate your business intelligence and strengthen your strategic planning. Secure your organisation’s future success by acquiring one of our Expert Market Research reports today.
Media Contact:
Company Name: Claight Corporation
Contact Person: John Millence, Business Consultant
Email: sales@expertmarketresearch.com
Toll Free Number: US +1-415-325-5166 | UK +44-702-402-5790
Address: 30 North Gould Street, Sheridan, WY 82801, USA
Website: www.expertmarketresearch.com
