Demand for Polyester Filament Market to Reach 4.9% CAGR in Terms of Volume Through 2027

The polyester filament market is likely to witness a revenue generation surpassing US$ 87,000 million by 2018 end. A significant growth in the use of polyester in textile industry including apparel and home furnishing and growing demand for polyester filament in manufacturing of automotive textile are some of the prominent factors driving the polyester filament market revenues.

For detailed insights on enhancing your product footprint, request for a sample here – https://www.factmr.com/connectus/sample?flag=S&rep_id=2443

Fact.MR study opines that the fully drawn polyester filament sales are likely to outsell other types of polyester filaments. Continued 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.

Polyester fully drawn yarn sales are also expected to remain high in polyester embroidery thread manufacturing widely used in sewing. India, China, Thailand, and Malaysia are the leading manufacturers and exporters of fully drawn yarn across various countries.

For critical insights on this market, request for methodology here – https://www.factmr.com/connectus/sample?flag=RM&rep_id=2443

Textile Industry Accounts for Over 60% of Revenue Share in Polyester Filament Market

The demand for polyester filament in textile industry is expected to witness healthy growth. The textile industry is creating strong demand for polyester filaments which have the ability to substitute cotton yarns to some extent. With cotton yarn prices at relatively higher levels, the demand and sales of polyester filament yarn is constantly rising.

The report opines that broader gains in a range of end-use industries will increase the proportion of polyester filament yarn used in the products with an aim to control cost.

In recent years, there has been huge demand for polyester filament in medical textile covering a wide range of products including surgical gowns, diapers and products for internal uses like surgical procedures. The demand is likely to continue in the years to come.

For in-depth competitive analysis, buy now – https://www.factmr.com/checkout/2443

With textile, apparel, retail, and fashion industries moving towards sustainability, the area of interest in recycled polyester filament yarn in production of new products is rising. In addition to technological developments in apparel and textile manufacturing, polyester filament manufacturers are constantly focusing on producing recycled polyester filaments to meet the growing demand.

APEJ to Remain at the Pole Position in Polyester Filament Market

According to the Fact.MR study, APEJ will be the most lucrative market for polyester filaments. The demand is expected to surpass US$ 14,000,000 tons by 2018-end. China, India, Indonesia, and Thailand are the major countries in APEJ dealing in polyester filament market. Polyester and nylon fiber manufacturers in Asia Pacific have also increased the prices with the rise in crude oil prices and growing demand for synthetic fibers.

Home furnishing is emerging as the second-largest demand generator for polyester filament followed by apparels. Moreover, India is likely to hold a strong position, capturing a major share in the global polyester filament market, owing to the low cost of labor and initiatives by the government ensuring stable power supply, and availability of low cost operations.

Read More Trending and Similar Reports from Fact.MR – https://www.globenewswire.com/en/news-release/2020/03/20/2004083/0/en/Sales-of-Soil-Stabilization-Materials-to-Expand-at-6-CAGR-Through-2027-China-to-Reign-Supremacy-Says-a-New-Fact-MR-Study.html

China continues to be a major supplier of polyester fiber including recycled polyester fiber. However, the ban on import of solid waste used to produce recycled polyester is likely to impact the polyester material supply chain. Higher prices of polyester staple fiber can result in increasing demand for cotton.

The Fact.MR report tracks the polyester filament market for the period 2018-2027. According to the report, the polyester filament market is projected to reach 4.9% CAGR in terms of volume during the forecast period.

Contact:
US Sales Office:
11140 Rockville Pike
Suite 400
Rockville, MD 20852
United States
Tel: +1 (628) 251-1583

Corporate Headquarter:
Unit No: AU-01-H Gold Tower (AU),
Plot No: JLT-PH1-I3A,
Jumeirah Lakes Towers,
Dubai, United Arab Emirates
E: sales@factmr.com
Website: https://www.factmr.com
Content Source: https://www.factmr.com/media-release/795/polyester-filament-market

About Us:
Market research and consulting agency with a difference! That’s why 80% of Fortune 1,000 companies trust us for making their most critical decisions. While our experienced consultants employ the latest technologies to extract hard-to-find insights, we believe our USP is the trust clients have on our expertise. Spanning a wide range – from automotive & industry 4.0 to healthcare & retail, our coverage is expansive, but we ensure even the most niche categories are analyzed. Our sales offices in United States and Dublin, Ireland. Headquarter based in Dubai, UAE. Reach out to us with your goals, and we’ll be an able research partner.

This release was published on openPR.