Polyester Fibre Market Size, Share, Growth Report and Forecast 2024-2032

According to the report by Expert Market Research (EMR), the global polyester fibre market is projected to grow at a CAGR of 3.9% between 2024 and 2032. Aided by its widespread use in the textile industry and its expanding applications across various sectors, the market is expected to grow significantly by 2032.

Polyester fibre, a synthetic fibre derived primarily from petroleum, is renowned for its durability, resistance to various chemicals, and versatility. Predominantly utilized in the textile industry for clothing and home furnishing applications, it has become an essential material in the global market. Its characteristics like wrinkle resistance, quick-drying, and high tensile strength, make it highly desirable for both consumer and industrial applications.

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A key factor fuelling the polyester fibre market growth is the increasing demand for cost-effective and durable textiles. The fibre's affordability, coupled with its superior properties compared to natural fibres, has led to its widespread adoption in the fashion and apparel sectors. Furthermore, the trend towards fast fashion, characterized by rapid production and turnover of clothing items, has significantly boosted the demand for polyester fibre, given its ease of production and consistency in quality.

The versatility of polyester fibre extends beyond the realm of textiles, finding applications in various industries. In the automotive sector, it is used in tire reinforcements, seat belts, and interior fabrics. The construction industry employs polyester fibre in insulations, roofing materials, and geotextiles. Its resistance to different environmental factors also makes it ideal for outdoor applications, including awnings, tents, and garden furniture.

Innovation in polyester fibre manufacturing, such as the development of eco-friendly and high-performance fibres, is another significant trend influencing the polyester fibre market outlook. Advances in technology have enabled the production of recycled polyester fibres, which are made from post-consumer plastic bottles and industrial waste, thereby reducing environmental impact. Additionally, the development of specialized fibres, such as hollow and conjugated fibres, has expanded the application scope of polyester in industries like filtration, hygiene, and healthcare.

Geographically, Asia Pacific holds a significant portion of the polyester fibre market share, attributed to the presence of major textile manufacturing countries like China, India, and Bangladesh. The region's low production costs, abundant labour, and progressive industrial policies have made it a hub for polyester fibre production and consumption. Moreover, the growing middle-class population and rising disposable incomes in this region are further propelling the demand for polyester fibre-based products.

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Polyester Fibre Market Segmentation

The market can be divided based on product, source, form, grade, application, and region.

Market Breakup by Product

Polyester Staple Fibre (PSF)
Polyester Filament Yarn (PFY)

Market Breakup by Source

Virgin
Recycled
Blended
Others

Market Breakup by Form

Solid
Hollow
Market Breakup by Grade

PET Polyester
PCDT Polyester

Market Breakup by Application

Apparels
Home Textiles
Industrial Textiles
Non-woven Fabrics
Others

Market Breakup by Region

North America
Europe
Asia Pacific
Latin America
Middle East and Africa

Competitive Landscape

The EMR report looks into the market shares, plant turnarounds, capacities, investments, and mergers and acquisitions, among other major developments, of the leading companies operating in the global polyester fibre market. Some of the major players explored in the report by Expert Market Research are as follows:

Alpek S.A.B. de C.V.
Indorama Ventures Public Company Limited.
TongKun Group Co., Ltd.
Reliance Industries Limited.
China Petroleum & Chemical Corporation.
Toray Industries, Inc.
Greenfibre International S.A
Fibre Industries
Stein Fibres, LTD.
Far Eastern New Century Corporation
Others

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