Polyester Fiber Market Growth Potential and Competitive Market Share Analysis with Profiles of Companies Like Indorama Ventures, Reliance Industries, Toray Industries, Sarla Performance Fibers, Stein Fibers, Kayavlon Impex, Silon, Nirmal Fibres

Strongly driven by the broad application portfolio across the non-woven fabrics, fiberfill, apparels, carpets & rugs, and home textile sectors, the polyester fiber market is slated to emerge as one of the substantial remunerative business spheres for potential investors. The extensive demand for carpets & rugs from the commercial & residential buildings has positively supported the growth of polyester fiber industry. It has been observed that the rapidly growing construction and remodeling projects across the globe have been attributable to the demand for production of polyester fiber. According to the estimates, the worldwide construction industry is expected to be valued at a humongous trillion-dollar figure by 2020. Quite overtly, as construction projects continue to evolve, the demand for home textiles is also expected to witness robust growth, in turn fortifying the business landscape of polyester fiber market. Polyester Fiber Market will likely surpass USD 165 billion by 2024; according to a new research report.

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Some of the substitutes for the product are nylon, cotton, wool, and others. Polyester fiber offers superior properties and is cost-effective than the substitute products making it one of the preferred materials for the textile manufacturers. Increasing use of this cost efficient and superior quality product in fabrics used for industrial purposes will further drive the polyester fiber market in the upcoming years.

The product is synthetically made from petroleum and used extensively in preparing industrial fabrics, apparels, textile products, and rugs & carpets. Raw materials essential for the production of these fibers are downstream derivative products of crude oil. Volatility in the petroleum prices in the current global scenario, leading to fluctuating raw material prices, may act as restraints for the polyester fiber market in the forecast period.

Polyester fiber market is classified on the basis of products as hollow and solid. The hollow fiber acts as a filler to the clothing and other materials. The segment will witness growth with a substantial CAGR of around 7.5% in the forecast timespan. Solid segment holds a prominent share in global polyester fiber market and will spur to capture a over three-quarters of the industry share in coming years.

The product finds extensive application in curtains, carpets, furniture covers, cushioning, mattresses, and other home textiles. Branded apparels are manufactured using fabric made from polyester fiber to enhance its properties and get wrinkle free and stain resistant garments. The segment holds a prominent share of the polyester fiber market and will exhibit growth with a lucrative rate owing to its increasing demand in the apparels and fabrics.

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Asia Pacific, in terms of revenue is a major segment and holds in excess of 65% of the global polyester fiber market share and is poised to increase in the upcoming years. North America and Europe will see growth at a sluggish rate owing to the increasing trends of using organic fabrics for apparels as well as home textiles.

Key industry players operating in the polyester fiber market are Indorama Ventures, Reliance Industries, Toray Industries, M?rkische Faser GmbH, Sarla Performance Fibers, Stein Fibers, William Barnet & Son, Kayavlon Impex, GreenFiber International, Silon, Nirmal Fibres, Polyfibre Industries, Swicofil, Diyou Fibre, and Shree Renga Polymers to name a few.

Table of Contents

Chapter 3. Polyester Fiber Industry Insights
3.1. Industry segmentation
3.2. Industry landscape, 2013 - 2024
3.3. Industry ecosystem analysis
3.3.1. Distribution channel analysis
3.3.2. Vendor matrix
3.4. Raw material analysis
3.5. Regulatory landscape
3.5.1. U.S.
3.5.2. Europe
3.5.3. China
3.6. Pricing analysis
3.6.1. Regional pricing
3.7. Industry impact forces
3.7.1. Growth drivers
3.7.2. Industry pitfalls & challenges
3.8. Growth potential analysis
3.9. Porter's analysis
3.10. Competitive landscape, 2016
3.10.1. Strategic dashboard
3.11. PESTEL analysis

Chapter 4. Polyester Fiber Market, By Grade
4.1. Global polyester fiber market share by grade, 2016 & 2024
4.2. PET polyester
4.2.1. Market estimates and forecast, 2013 - 2024
4.2.2. Market estimates and forecast, by region, 2013-2024
4.3. PCDT polyester
4.3.1. Market estimates and forecast, 2013 - 2024
4.3.2. Market estimates and forecast, by region, 2013-2024

Outside of scope of this report cater to the rising demand, several companies partaking in this business sphere are expected to invest considerably in product innovation and R&D actives. Recently for instance, the Canadian-based technical spinner CoolVisions has developed an innovative odor-control yarn from FilSpec called FreshFil. The company has reportedly combined polyester fiber impregnated and zinc oxide with the CoolVisions staple fiber that has resulted into a yarn providing UV protection and freshness properties in lightweight apparel. The new yarn is also expected to exhibit other performance benefits such as breathability, thermal regulation, moisture management, and durability. The companies are also expected to continue to balance between the demand and supply gap through collaborations and M&As, augmenting polyester fiber industry size.

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