Polyester Fiber Market Size, By Grade (PET, PCDT), By Product (Solid, Hollow), By Application (Carpets & Rugs, Non-Woven Fiber, Fiberfill, Apparel, Home Textile, Others), Industry Analysis Report, Regional Outlook, Growth Potential, Price Trend, Competitive Landscape & Forecast, 2021 - 2027

Published Date: Sep 2021  |  Report ID: GMI2120  |  Authors: Kiran Pulidindi, Saurabh Bhalerao

Report Format: PDF   |   Pages: 210   |   Base Year: 2020




Summary Table of Contents Industry Coverage Methodology

Industry Overview

Global Polyester Fiber Market size was valued at over USD 90 billion in 2020 and is expected to grow at a CAGR of 7.8% from 2021 to 2027 owing to the rising demand for polyester fibers in the textile industry and rapid growth of the fashion industry in developed countries coupled with shifting consumer preferences for polyester blended fibers.
 

Polyester fiber, a synthetic material, is generally produced from polyethylene glycol and terephthalic acid, offering extreme elasticity, high wrinkle, and abrasion resistance capacity. Polyester fibers are specifically used in apparel & home furnishing materials, upholstered furniture, and many industrial applications including car tire reinforcements, safety, and conveyor belts. Moreover, in combination with natural fibers, these materials can be used to make sportswear and quality clothes.
 

Polyester Fiber Market Outlook

Get more details on this report - Request Free Sample PDF
 

Rapidly changing fashion trends coupled with modern living standards will create opportunities for high-end polyester fibers, which can exhibit high durability, quick-drying, and easy to wash abilities. Rising income levels and rapid urbanization have further propelled the fashion trends in various emerging economies. With easy access to the internet in many rural and semi-urban areas, the demand for the latest fashion products in the apparel section and home decoration segments is further expected to increase.
 

The emergence of the e-commerce industry is likely to boost the polyester fiber market share over the assessment period. It enables a wide range of affordable products, fast delivery options, easy return policies, and material assurance, proliferating product demand across the globe. Moreover, factors including digitalization of production facilities, lowering lead times, and the growing textile industry in developing countries will collectively contribute to the market share.
 

Owing to their lightweight and moisture-wicking properties, polyester fibers are exclusively used for sports and gym clothing, further influencing the market growth by 2027. Stringent government regulations to reduce GHG emissions and fluctuating prices of raw materials may limit the industry growth over the forecast period. Bio-based polyesters can effectively address the situation and have the potential to capture a considerable market share.
 

The recent COVID-19 pandemic has adversely impacted the market size due to a low labor force, the shutdown of production facilities, and supply chain disruptions across the globe. Polyester fiber is a synthetic material derived from the refining of crude oil. Due to the pandemic, crude oil production was shattered, which further negatively impacted the global polyester fiber market. The situation is quickly recovering since the last quarter of 2020 owing to the rising demand for UV-protected and antibacterial garments across the globe.
 

PET-grade polyester will dominate the overall market size

Polyester Fiber Market by Grade

Get more details on this report - Request Free Sample PDF
 

The PET-grade polyester segment was valued at over USD 63 billion in 2020 and is likely to showcase considerable growth by 2027. This material is typically used in carpets, rugs, and home textile products owing to its high tensile strength, stiffness & ductility. The rising furniture industry, which is quickly adapting to the latest changes in the market by developing anti-static and anti-abrasive carpets, rugs, and other products will witness significant growth in the polyester fiber market.
 

Furthermore, a PET-grade polyester fiberfill can be used to stuff pillows, sleeping bags, and cushion paddings. These applications gradually increase the demand for PET-grade materials and will contribute to the overall polyester fiber market share in the coming years.
 

Solid fiber is likely to drive the market share

Solid fibers are anticipated to dominate the industry and will exhibit substantial growth at a CAGR of 7.9% up to 2027 owing to the shifting consumer preferences 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 share over the forecast period. Moreover, solid fibers also showcase good tensile strength, easy availability, even weaving of fibers, and good finishing.
 

The apparel segment to stimulate the overall polyester fiber market

Polyester Fiber Market by Product

Get more details on this report - Request Free Sample PDF
 

The apparel segment will witness 8.5% CAGR in the polyester fiber market through 2027. Polyester fibers are majorly applied in the apparel category due to their several exceptional characteristics including high elasticity, excellent wrinkle resistance, and shape retention ability. Industry players in the apparel segment are constantly working on improving their products and trying to meet customer demands.
 

Moreover, with the growing population and rising disposable incomes in various emerging economies, the demand for new and improved apparel is expected to increase significantly. In addition, multiple color options along with customized shapes & designs find wide applications in the fashion industry.
 

Asia Pacific to be the driving force of the polyester fiber market

Polyester Fiber Market by Region

Get more details on this report - Request Free Sample PDF
 

The Asia Pacific region is expected to cross USD 125 billion by 2027 driven by the rising fashion industry in developing countries including China, India, Japan, and Malaysia. Increasing spending in home remodeling activities to gain an attractive appearance will create opportunities for home furnishing products.
 

China has been registered as the fastest-growing market during the forecast timeframe due to its large production capacity. Growing per capita incomes in various Asia Pacific countries including India, China, Vietnam, and Malaysia are further driving the market by increasing the penetration of polyester fibers in the region.
 

Moreover, the presence of various polyester fiber industry players in the region will further propel the market during the projected period. The U.S. and Europe are considered major importers of polyester fibers and will exhibit stable growth throughout the study period. These factors are cumulatively influencing the overall polyester fiber market value in the coming years.
 

Mergers & acquisitions and product development will create market opportunities

Major companies in the polyester fiber industry are continuously engaging in R&D activities along with new strategic investments to strengthen their geographic footholds. Industry players are forming joint ventures to get access to newer markets. This helps companies to enter markets with untapped potential and drive their business revenues.
 

Key participants in the global polyester fiber market include Yizheng Chemical (Sinopec), Indorama Ventures Public Company Limited, Nan Ya Plastics Corporation, Swicofil AG, Mossi Ghisolfi Group, Reliance Industries Limited (RIL), William Barnet and Son, LLC, Stein Fibers Ltd., Far Eastern New Century Corporation, Toray Industries, Inc., Zhejiang Hengyi Petrochemical Group, Zhejiang Hengsheng Chemical Fiber Co., Ltd., Alpek S.A.B. de C.V., GreenFiber International S.A, and Jiangsu Sanfangxiang Group.
 

The polyester fiber market report includes in-depth coverage of the industry with estimates & forecast in terms of volume in Kilo Tons and revenue in USD Million from 2017 to 2027 for the following segment:

By Grade

  • PET
  • PCDT

By Product

  • Solid
  • Hollow

By Application

  • Carpets & rugs
  • Non-woven fiber
  • Fiberfill
  • Apparel
  • Home textile
  • Others

By Region

  • North America
    • U.S.
    • Canada
  • Europe
    • Germany
    • U.K.
    • France
    • Spain
    • Italy
  • Asia Pacific
    • China
    • India
    • Japan
    • Australia
    • Indonesia
    • Malaysia
  • Latin America
    • Brazil
    • Mexico
  • MEA
    • South Africa
    • GCC

 

Frequently Asked Questions (FAQ) :

The polyester fiber market share surpassed USD 90 billion in 2020 and will expand at a CAGR of 7.8% through 2027 with surging product demand in the textile industry.
The market share from PET-grade polyester had exceeded USD 63 billion in 2020 and will grow due to the properties of high ductility, stiffness, and tensile strength.
Solid fibers will register a CAGR of 7.9% from 2021 to 2027 driven by the shifting consumer preferences towards cost-effective, highly durable, and weather-resistant materials.
Asia Pacific polyester fiber industry revenue will surpass USD 125 billion through 2027 owing to the growing fashion industry in developing countries such as India, China, Malaysia, and Japan.

Premium Report Details

  • Published Date: Sep 2021
  • Pages: 210
  • Tables: 195
  • Charts / Figures: 27
  • Companies covered: 15
  • Countries covered: 21

Get a report that explains COVID-19 impact on this market

Buy Now

Need a Discount? Get in touch with us for special pricing

Request Discount

 Connect with our sales team

Chat with us
We use cookies to enhance user experience. (Privacy Policy) X