The Global Polyester Fiber Market to grow from USD 108.21 billion in 2022 to USD 207.10 billion by 2030, at a CAGR of 8.45%.

PUNE, MAHARASHTRA, INDIA, November 17, 2023 /EINPresswire.com/ -- The "Polyester Fiber Market by Product (Filament Fiber, Staple Fiber), Fiber Type (Hollow, Solid), Grade, Model, Processing Type, Distribution Channel, Application - Global Forecast 2023-2030" report has been added to 360iResearch.com's offering.

The Global Polyester Fiber Market to grow from USD 108.21 billion in 2022 to USD 207.10 billion by 2030, at a CAGR of 8.45%.

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Polyester refers to a category of synthetic polymers that contain the functional group ester in every repeat unit of their main chain. Polyester fiber has diverse applications spanning various industry segments, from its highly popular usage in the textile industry home furnishings, car fittings, and insulation materials. Increasing production of automotive and aircraft components has necessitated the utilization of polyester fibers for the manufacture of durable automotive elements. Additionally, significant interest has been placed on the capacity expansion and production optimization of polyester fibers. However, the production of polyester fiber entails high energy consumption and significant emissions of greenhouse gases, making it a subject of environmental concern. Additionally, price fluctuations in raw materials pose financial constraints and strategic challenges to market players. However, major manufacturers are constantly investing efforts to manufacture polyester fiber from recycled materials such as plastic bottles, making it a viable choice for environment-conscious consumers. Innovation and research in polyester fiber are largely directed towards enhancing fiber properties, promoting production efficiency, and integrating sustainable practices. Areas of focus include chemical recycling techniques for polyester, bio-based polyester fiber development, and advancements in fiber blending technologies.

Distribution channel: Preference for convenience shopping driving utilization of online distribution channels
Offline channel caters to consumers who highly regard the tactile experience of inspecting a product before purchasing. Polyester Fiber is predominantly utilized in the clothing and textile industry, and users often prefer to assess the texture, thickness, and look. Several consumers opt for conventional channels such as textile stores, fabric retailers, and wholesalers. Customers who prioritize convenience, wide variety, and competitive pricing have contributed significantly towards the adoption of online distribution channels. E-commerce websites, suppliers' portals, and specialized online platforms cater to the growing demand for efficient, streamlined, and cost-effective procurement of polyester fiber globally. This shift towards online trading is particularly noticeable in developed countries as suppliers and buyers leverage the benefits of the Internet, sourcing options, and data-driven insights to refine their buying process and decisions.

Fiber type: Expansive use of hollow fiber in household and daily use items
Hollow fiber refers to a type of synthetic polyester material used for the filling of duvets and pillows. With a dense structure, hollow fiber has a full, springy feeling that creates lightweight puffy duvets and pillows. In contrast, solid polyester fiber is esteemed for its exceptional firmness, strength, and durability, making it preferable for heavy-duty applications such as automobile interiors, filtration systems, geotextiles, and marine rope.

Product: Rising adoption of filament fiber in the textile industry owing to its smooth nature
Filament fibers are synthetic fibers made by extruding a polymer through a spinneret to form long and continuous filaments. Filament Fiber, often preferred for its smooth, silky texture and high strength, is predominantly used in manufacturing curtains, bed linens, clothing, and various types of apparel. Filament Fiber is recognized for its durability, sustainability, and recyclability, meeting the increasing need for eco-friendly textile products. Fibers having short, discrete lengths that can be spun into a yarn are called staple fibers. Its high tensile strength and endurance to wear and tear have cemented its position in modern upholstery industries.

Application: Need for lightweight and durable materials driving the growth of polyester fibers in the automotive and transportation sector
Polyester fiber has applications in the agriculture industry, frequently incorporated into protective netting and weather-resistant fabrics for crop covers and greenhouses. Polyester fiber is used extensively for car upholstery and insulation in the automotive and transportation industry. The continuous need for lightweight, durable materials and enhanced fuel efficiency has seen a consistent preference for polyester fiber in this sector. Construction & building applications often use polyester fiber for insulation and roofing materials due to its impressive strength, durability, and thermal properties. Home furnishing is a significant sector for polyester fiber, used in carpeting, curtains, upholstery, and bed linens. Industrial manufacturing utilizes polyester fiber in non-woven fabrics for filters, battery separators, and advanced technical textiles. The industry shows a growing preference due to polyester fiber's resistance to various industrial chemicals and temperatures. In the textile & apparel sector, polyester fiber is utilized in clothing, sportswear, and outdoor gear, as it provides durability, wrinkle resistance, and color longevity.

Regional Insights:
In the Americas, polyester fiber is heavily relied upon in the textile and apparel industry. Thus, the scale of use is comparatively high, as consumer demand is driven by convenience and affordability. The U.S., in particular, exhibits a significant share due to an upscale in the clothing space and increased demand for high-performance fibers. Americas is also characterized by a large number of technological advancements and R&D initiatives in materials sciences that have significantly improved the durability and efficiency of polyester fibers. In Europe, there is an evident surge in the use of recycled polyester fiber, facilitated by Europe's stringent regulations concerning environmental sustainability and waste management. Consequently, European manufacturers are initiating innovations that prioritize polyester fiber recycling, which leads to higher adoption of polyester fiber. APAC, being the hub of the global textile industry, is witnessing an exponential increase in demand for polyester fiber. Countries such as China and India are contribute to this growth, driven by lower production costs and the large-scale presence of manufacturers. Additionally, rapidly increasing urbanization and growth in the disposable income in these regions are further leading to increased adoption of polyester fiber in varied sectors.

FPNV Positioning Matrix:

The FPNV Positioning Matrix is essential for assessing the Polyester Fiber Market. It provides a comprehensive evaluation of vendors by examining key metrics within Business Strategy and Product Satisfaction, allowing users to make informed decisions based on their specific needs. This advanced analysis then organizes these vendors into four distinct quadrants, which represent varying levels of success: Forefront (F), Pathfinder (P), Niche (N), or Vital(V).

Market Share Analysis:

The Market Share Analysis offers an insightful look at the current state of vendors in the Polyester Fiber Market. By comparing vendor contributions to overall revenue, customer base, and other key metrics, we can give companies a greater understanding of their performance and what they are up against when competing for market share. The analysis also sheds light on just how competitive any given sector is about accumulation, fragmentation dominance, and amalgamation traits over the base year period studied.

Key Company Profiles:

The report delves into recent significant developments in the Polyester Fiber Market, highlighting leading vendors and their innovative profiles. These include Alpek S.A.B. de C.V., BASF SE, Bombay Dyeing & Manufacturing Company Limited, China Petrochemical Corporation, Diyou Fibre (M) Sdn Bhd, DT Group Ltd., DuPont de Nemours, Inc., EAST ASIA TEXTILE TECHNOLOGY LTD., Eastman Chemical Company, Estal, Huvis Corporation, Indorama Corporation, Meadowbrook Inventions, Inc., Mitsubishi Chemical Group Corporation, Mitsui Chemicals Inc., Reliance Industries Limited, SABIC, Sarla Performance Fibers Limited, Shanghai Polytex Co., Limited, Shanghai Vico Industrial Co., Ltd., Silon, LLC, Teijin Aramid B.V., Texofib, The Dow Chemical Company, Toray Industries, Inc., US Fibers, W.Barnet GmbH & Co. KG, Xin Feng Ming Group Co., Ltd., Xinda Corporation, and Zhangjiagang Gangying Industry.

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Market Segmentation & Coverage:

This research report categorizes the Polyester Fiber Market in order to forecast the revenues and analyze trends in each of following sub-markets:

Based on Product, market is studied across Filament Fiber and Staple Fiber. The Filament Fiber is projected to witness significant market share during forecast period.

Based on Fiber Type, market is studied across Hollow and Solid. The Solid is projected to witness significant market share during forecast period.

Based on Grade, market is studied across PCDT Polyester Fibers and PET Polyester Fibers. The PCDT Polyester Fibers is projected to witness significant market share during forecast period.

Based on Model, market is studied across Recycled Polyester and Virgin Polyester. The Virgin Polyester is projected to witness significant market share during forecast period.

Based on Processing Type, market is studied across Dry Spinning, Melt Spinning, and Wet Spinning. The Wet Spinning is projected to witness significant market share during forecast period.

Based on Distribution Channel, market is studied across Offline and Online. The Offline is projected to witness significant market share during forecast period.

Based on Application, market is studied across Agriculture, Automotive & Transportation, Construction & Building, Home Furnishing, Industrial Manufacturing, and Textile & Apparel. The Textile & Apparel is projected to witness significant market share during forecast period.

Based on Region, market is studied across Americas, Asia-Pacific, and Europe, Middle East & Africa. The Americas is further studied across Argentina, Brazil, Canada, Mexico, and United States. The United States is further studied across California, Florida, Illinois, New York, Ohio, Pennsylvania, and Texas. The Asia-Pacific is further studied across Australia, China, India, Indonesia, Japan, Malaysia, Philippines, Singapore, South Korea, Taiwan, Thailand, and Vietnam. The Europe, Middle East & Africa is further studied across Denmark, Egypt, Finland, France, Germany, Israel, Italy, Netherlands, Nigeria, Norway, Poland, Qatar, Russia, Saudi Arabia, South Africa, Spain, Sweden, Switzerland, Turkey, United Arab Emirates, and United Kingdom. The Asia-Pacific commanded largest market share of 37.54% in 2022, followed by Americas.

Key Topics Covered:

1. Preface
2. Research Methodology
3. Executive Summary
4. Market Overview
5. Market Insights
6. Polyester Fiber Market, by Product
7. Polyester Fiber Market, by Fiber Type
8. Polyester Fiber Market, by Grade
9. Polyester Fiber Market, by Model
10. Polyester Fiber Market, by Processing Type
11. Polyester Fiber Market, by Distribution Channel
12. Polyester Fiber Market, by Application
13. Americas Polyester Fiber Market
14. Asia-Pacific Polyester Fiber Market
15. Europe, Middle East & Africa Polyester Fiber Market
16. Competitive Landscape
17. Competitive Portfolio
18. Appendix

The report provides insights on the following pointers:
1. Market Penetration: Provides comprehensive information on the market offered by the key players
2. Market Development: Provides in-depth information about lucrative emerging markets and analyzes penetration across mature segments of the markets
3. Market Diversification: Provides detailed information about new product launches, untapped geographies, recent developments, and investments
4. Competitive Assessment & Intelligence: Provides an exhaustive assessment of market shares, strategies, products, certification, regulatory approvals, patent landscape, and manufacturing capabilities of the leading players
5. Product Development & Innovation: Provides intelligent insights on future technologies, R&D activities, and breakthrough product developments

The report answers questions such as:
1. What is the market size and forecast of the Polyester Fiber Market?
2. Which are the products/segments/applications/areas to invest in over the forecast period in the Polyester Fiber Market?
3. What is the competitive strategic window for opportunities in the Polyester Fiber Market?
4. What are the technology trends and regulatory frameworks in the Polyester Fiber Market?
5. What is the market share of the leading vendors in the Polyester Fiber Market?
6. What modes and strategic moves are considered suitable for entering the Polyester Fiber Market?

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Mr. Ketan Rohom
360iResearch
+1 530-264-8485
ketan@360iresearch.com

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