Global Polyester Filament Market is expected to grow at a CAGR of xx% during the forecast period from 2019-2025

As per the report published by Fior Markets, the global polyester filament market is expected to grow from USD xxMillion in 2017 to USD xxMillion by 2025 at a CAGR of xx% during the forecast period from 2018-2025. The Asia Pacific region is a major consuming region globally, where the fast-growing textile Industries (weaving, garment manufacturing, dyeing and finishing) have been consuming increasing amounts of polyester fibres. By far, China holds major proportion of overall polyester consumption in Asia region, followed by India and Southeast Asia

Global Polyester Filament Market by Type (Partially Oriented Yarn (POY), Polyester Fully Drawn Yarn (FDY), Polyester Drawn Textured Yarn (DTY), Other), Application, Region, Global Industry Analysis, Market Size, Share, Growth, Trends, and Forecast 2018 to 2025.

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Prominent companies in the industry include Tongkun Group, Reliance, Zhejiang Hengyi Group, Shenghong, Xin Feng Ming Groupamong others. Theleaders are continuously focusing on new product developments and venture capital investments to capture market share.For instance, there was a joint acquisition of German polyester producer Trevira by Indorama of Thailand and Sinterama of Italy so as to face significant competitors.

The type segment is classified into Partially Oriented Yarn (POY), Polyester Fully Drawn Yarn (FDY), Polyester Drawn Textured Yarn (DTY) and other. The fully drawn polyester filament sales are likely to outsell other types of polyester filaments. Increased preference for fully drawn yarn used in production of textiles and fabrics for high-end sportswear, undergarments, and home textiles are driving the significant growth of fully drawn yarn in polyester filament market.The demand for both drawn texture yarn and fully drawn yarn is growing in the textile industry. However, with the development of post-treatment technology and lower cost of fully drawn yarn, it is likely to outsell drawn texture yarn over the next few years.The application segment includes recycle polyester, performance and functional wear fabrics, home textiles and other. The demand for recycled polyester filament is growing in apparel, fashion, and retail industries moving towards development and production of new products. Developed countries around the world are supporting the idea of using recycled polyester in various industries. Brands are increasingly incorporating recycled polyester filament yarns made from plastic bottles in the apparel products.

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Growing demand for polyester filament in manufacturing of automotive textileis a major factor driving the market. Expansion of technical textile industry and favourable government policies and positive movement in international prices of the raw materialsis paving the way for manufacturers to achieve new milestones.In addition, it is versatile and relatively applicable in large areas which is fuelling the growth of market.Higher prices of polyester staple fiber can result in increasing demand for cottonwhich may hamper the growth of market. However, the demand for polyester filament in home furnishing and apparel industry will continue to be strong in the coming years which will boost the market in coming years.

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