Press release
Polyester Fiber Market Trends 2024 by Key Players: Reliance Industries Limited, Indorama Ventures PCL, William Barnet and Son, LLC, Toray Industries, Inc., Kayavlon Impex Pvt Ltd
Polyester Fiber Market
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Polyester Fiber Market will likely surpass USD 160 billion by 2024; according to a new research report. Polyester fiber has wide range of application in infrastructure and building industry which is likely to augment the polyester fiber market over the forecast years. Rising demand from the countries such as US, China and India for superior quality flooring carpet in residential and non- residential building is fostering growth for the polyester fiber market.
Textile industry have several applications of polymers in home textiles, apparels and carpet due to its tear-resistance and firm strength properties. High demand from textile industry by its wide application in mattress, apparels and textile products is likely to boost polyester fiber market in future timeframe.
Market is challenged by few of its substitutes products such as cotton, nylon and wool. Although polyester fiber cost-effective and superior properties over its substitute products makes it favorable materials in the textile industry. Rising application of superior and cost-efficient product, to manufacture better quality fabric is likely to drive the market over the forecast timeframe.
The polymers fiber primary raw material is extracted from crude oil, volatile in crude oil prices may fluctuate the prices of polymers. Fluctuation in raw materials price may restrict polyester fiber market growth in the coming years.
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Based on grade segment PCDT polyester is applicable for heavier and stronger usage, for example, furniture coverings, draperies and industrial textiles. Growing building activities specially in BRICS nations is positively influencing the furniture sector in the forecast period. Rising furniture demand from these regions is likely to grow polyester fiber market demand over the coming years.
By product the market is categorized into as solid and hollow. This segment is likely to witness growth at CAGR of 7% during the forecast period. Solid products likely to witness a potential growth in overall polyester fiber market due to its wide application in textile and construction industry over the forecast timeframe.
The product has wide range of application in carpets, cushioning, furniture covers, curtains and mattresses. Growing population in emerging economies is increasing the need for developed commercial spaces, infrastructure and residential complexes which is further augmenting the demand for home furnishing products. The global polyester fiber market is positively influenced through these factors by its widespread application in home furnishing, carpets and textiles materials which is likely to grow the segment at 6% CAGR over the forecast timeframe.
Partial Chapter of the Table of Content
Chapter 2. Executive Summary
2.1. 360° synopsis, 2013 – 2024
2.1.1. Business trends
2.1.2. Grade trends
2.1.3. Product trends
2.1.4. Application trends
2.1.5. Regional trends
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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
About Global Market Insights:
Global Market Insights, Inc., headquartered in Delaware, U.S., is a global market research and consulting service provider; offering syndicated and custom research reports along with growth consulting services. Our business intelligence and industry research reports offer clients with penetrative insights and actionable market data specially designed and presented to aid strategic decision making. These exhaustive reports are designed via a proprietary research methodology and are available for key industries such as chemicals, advanced materials, technology, renewable energy and biotechnology.
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