openPR Logo
Press release

Thriving global home décor industry to augment Polyester Fiber Market growth over 2021-2026

05-12-2021 08:22 AM CET | Business, Economy, Finances, Banking & Insurance

Press release from: global market insights

Polyester Fiber Market

Polyester Fiber Market

According to Global Market Insights Inc., polyester fiber market size is projected to surpass USD 190 billion by 2026.

With the growing trend of home furnishing and décor followed by rising disposable income across the world, demand for efficient and durable fiber material has increased enormously. One such popular material is polyester fiber which is massively used for manufacturing different types of fabrics according to the application. Considering the huge popularity of the fiber, global polyester fiber market is anticipated to foresee a commendable growth over the coming years.

Request for a sample copy of this report @ https://www.gminsights.com/request-sample/detail/2120

Polyester is known to be the best alternative for other synthetic fibers due to which it has gained immense popularity among apparel companies and carpet makers. Besides, its cost is relatively lower as compared to wool, nylon and polypropylene. In addition, it offers high luster, aesthetic appeal, soft feel and high resistance to stain and wrinkle and can be easily blended with other fibers to improvise the strength and durability. Advent of e-commerce along with flourishing home decor industry is fostering the demand for polyester fibers further.
Same is evident from the estimates of a credible report that the global home decor industry is estimated to record a valuation of more than 850 billion by 2022.

Strategic initiatives by key polyester fiber market players such as Indorama Ventures, Sinopec Yizheng Chemical Fiber, Toray Industries, Alpek, Reliance Industries, Stein Fibers, Jiangsu Sanfangxiang, William Barnet & Son, etc. to gain strong market presence are in turn providing positive growth prospects to the industry. For instance, in 2019, Indorama Ventures, a leading chemical manufacturer, acquired M&G Fibras Brasil based in Brazil’s Cabo de Santo Agostinho area.

According to the company, the Cabo plant produces and delivers Polyester Staple Fiber, with the polymerization capacity of 75,000 tonnes/annum. Reportedly, this acquisition offers the company a unique opportunity to expand its capacity in fiber production and establish strong foothold in Brazil which is South America's largest economy.

An overview of some of the major industry segments that are enhancing the business space is as under:

Based on grade bifurcation, PCDT grade segment is anticipated to observe a robust CAGR of around 9% through 2026. This can be attributed to increasing preference for PCDT polyester fiber owing to its superior resilience and elasticity which makes it suitable for manufacturing home textile and furnishings. Besides, it is also appropriate for making high-end textiles such as curtains, upholstery drapes and furniture covers.

Request for customization @ https://www.gminsights.com/roc/2120

Based on application bifurcation, home textiles segment had secured a significant market share of over 15% in 2018 and is expected to grow exponentially over following years. The growth can be credited to increasing application of polyester fiber for manufacturing home decor and furnishing products such as quilts, wall coverings, pillow covers, bedsheets, curtains, upholstery and draperies. These products require very high strength and durability as they are used daily in residential establishments, which fuels the demand for polyester fiber for such applications.

Based on the product type, hollow fiber segment is estimated to register a substantial valuation of over 30 billion by 2026 owing to the extensive usage of this fiber as a filler in fiberfill, which in turn is used in quilts, pillows as well as protective on account of its improved resilience and high bulk. In addition, rising demand for winterwear, jackets and coats across extreme cold regions of North America and Europe is fostering the adoption of hollow fiber.

Contact Us:

Arun Hegde
Corporate Sales, USA
Global Market Insights, Inc.
Phone:1-302-846-7766
Toll Free: 1-888-689-0688
Email: sales@gminsights.com

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.

This release was published on openPR.

Permanent link to this press release:

Copy
Please set a link in the press area of your homepage to this press release on openPR. openPR disclaims liability for any content contained in this release.

You can edit or delete your press release Thriving global home décor industry to augment Polyester Fiber Market growth over 2021-2026 here

News-ID: 2283437 • Views: 354

More Releases from global market insights

Acoustic Diaphragm Market slated to observe traction for polypropylene material …
With a seismic rise in the demand for consumer products such a loudspeakers, mobile phones and earphones, acoustic diaphragm market size is slated to surge in the next five years. Notably, acoustic diaphragm tends to inter-convert mechanical vibration to sounds and has become highly popular in headphones and speakers. Market penetration of materials such as paper, polycarbonate, polypropylene, carbon fiber and aluminum has become more pronounced in the past several
How will increasing demand for stainless steel transform the Ferroalloys Market …
One of the recent breakthroughs in the global ferroalloys market is the potential acquisition of Ferro Alloys Corporation by Vedanta- a natural resource company early this year. As per reliable sources, the acquisition is expected to complement Vedanta’s current steel business considering the fact that integration of Ferro manufacturing capabilities would offer the possibility to generate significant efficiencies. Meanwhile, yet other company, Boston Metal has declared having raised over USD 20
Polyphenylsulfone Market 2021 | Regional Insights & Growth Forecast To 2025
The polyphenylsulfone market will witness significant expansion with the rise in healthcare concerns and the growing requirement for biocompatible products. Polyphenylsulfone is a high-performance thermoplastic that is amorphous, heat-resistant, and transparent. It showcases high sterilization properties and is widely employed as an alternative for polyetheretheketone and polyaryletherketone. Furthermore, the polymer sees large adoption across various verticals of the healthcare sector to offer superior dimensional stability and higher resistance against
Cosmetic Contact Lens Market 2021: Industry Growth, Competitive Analysis, Future …
Increasing trend of using colored contact lenses may have a positive impact on cosmetic contact lens market outlook. Rising popularity of customized lenses with attractive colors, shades and textures for improving eye appearance is likely to propel industry size. Proliferation of entertainment, online and social media platforms are helping boost the adoption of such lenses. Cosmetic contact lenses are available in several colors such as blue, green, brown, hazel, grey, violet

All 5 Releases


More Releases for Fiber

Global Hollow Fiber Filtration Market
Global Hollow Fiber Filtration Market was valued US$ 242.0 Mn in 2017 and is estimated to reach US$ 710.4 Mn by 2026, at a CAGR of 14.41% during a forecast period. For More Information Visit https://www.maximizemarketresearch.com/market-report/global-hollow-fiber-filtration-market/16948/ Hollow Fiber Filtration Market is segmented into Technique, Material, Application, by End-user and Region. In terms of Technique is classified into Microfiltration and Ultrafiltration. In terms of Material, the Hollow Fiber Filtration Market is categorized into
Advancements in Blended Fiber Market
Blended fiber is manufactured by blending or mixing two or more different kinds of fiber to create a new fiber having unique properties. Blended fabrics are manufactured to cater to particular applications that require specific properties. Various kinds of blended fiber can be prepared with different properties for varied applications. Read report overview at: https://www.transparencymarketresearch.com/blended-fiber-market.html Based on raw materials used for making blended fiber, the blended fiber market can be categorized
Graphite Fiber Felt Market Outlook 2023 Ceramaterials, Fiber Materials
A market study ” Global Graphite Fiber Felt Market ” examines the performance of the Graphite Fiber Felt market Size 2017. It encloses an in-depth Research of the Graphite Fiber Felt market state and the competitive landscape globally. This report analyzes the potential of Graphite Fiber Felt market in the present and the future prospects from various angles in detail. Get Free Sample Of Report: https://goo.gl/x9GJpP The Global Graphite Fiber Felt Market
Global Concrete Fiber Market 2017: Anteng Gangxianwei, Taian Tongban Fiber, Junw …
Global Concrete Fiber research report provides the complete and precise view of the market during the forecast period from 2017-2022. The Concrete Fiber market Report enlists the different factors which can help the readers in transforming their knowledge into vital business decisions. To start with the Concrete Fiber report analyses the market development based on market gains, extensive product applications, dominant market regions and the companies within these regions. At an
Natural Fiber Composites Market
With the increasing concern due to the recyclability and biodegradability composites such as glass and carbon, natural fiber composites serves as perfect replacement. Attributing to added properties such as high durability, low density, lightweight and cost effectiveness, natural fiber composites have gained significant traction. Natural fiber composites are reinforced matrices structure formed using natural fibers. Natural fiber such as coir, jute, bagasse, cotton, bamboo, hemp are used to manufacture high
Global Knitting Carbon Fiber Cloth Market 2017 : SGL, Zhongfushenying Carbon Fib …
Knitting Carbon Fiber Cloth A market study based on the " Knitting Carbon Fiber Cloth Market " across the globe, recently added to the repository of Market Research, is titled ‘Global Knitting Carbon Fiber Cloth Market 2017’. The research report analyses the historical as well as present performance of the worldwide Knitting Carbon Fiber Cloth industry, and makes predictions on the future status of Knitting Carbon Fiber Cloth market on the