Polyester Fiber Market is Forecasted to Reach US$ 143.28 Billion in 2028, Says Stratview Research

The global polyester fiber market is projected to witness a growth rate of 8.78% annually from 2023 to 2028, with an anticipated size of US$ 143.28 billion by 2028, according to an analysis by Stratview Research.

Stratview Research, a global market research firm has launched a report on the global polyester fiber market which provides a comprehensive outlook of the global and regional market, industry forecast, current & emerging trends, segment analysis, competitive landscape, & more.

Click here to get a free sample of the report:
https://www.stratviewresearch.com/Request-Sample/1061/polyester-fiber-market.html#form

Report Highlights:
Market Size in 2028: US$ 143.28 billion
Growth (CAGR): 8.78% during 2023-2028
Forecast Period: 2023-2028
Trend Period: 2017-2021
Base Year: 2022
Number of Segments Covered: 4
Number of Tables & Graphs: 100+
Country-Level Market Assessment: 20

Segment Insights on the Polyester Fiber Market:

The global polyester fiber market is segmented based on grade type, product type, application type, and region.

Based on grade type - The market is segmented as PET polyester and PCDT polyester. PET polyester accounted for the largest market share in 2022 and is estimated to account for a larger share of the market during the forecast period. The growth of the segment is attributed to its usage for manufacturing high-quality fabrics and its ability to blend easily with other materials to improve their wrinkle-free and stain-resistant features. Further, PCDT polyester offers excellent resilience and elasticity, making it a suitable option in the sector of home decor, and it's also used widely in the applications for producing curtains, drapes, furniture & upholstery covers.

Based on product type - The market is segmented as solid and hollow. Solid fiber accounted for a major part of the market share in 2022 and is estimated to remain dominant during the forecast period. This fiber offers excellent features such as high tensile strength, high durability, even easy weaving of the fibers, good finishing, and easy availability, finding application in apparel, home furnishings, nonwoven fabrics, and products. On the other hand, hollow fibers are normally used fillers, that are further used in pillows, quilts, and protective clothing. The growth of the segment can be attributed to its good bulk, high resilience, and warm features, which are the major factors expected to drive the segment's growth in the market during the forecast period.

Based on application type - The market is segmented into carpet & rugs, non-woven fabrics, fiberfill, apparel, home textiles, and others. The apparel segment dominated the market with the highest share in 2022 and is estimated to hold the largest share of the market during the forecast period. Owing to its exceptional features of fiber including quick drying, high-wrinkle resistance, excellent elasticity, lightweight, and high shape retention, finding application in the fashion industry, where wrinkle-free and fade-resistant properties are required. In addition, the carpets & rugs segment witnessed a healthy CAGR of more than 6.5% in 2022, which is attributed to the superior characteristics of polyester fiber.

To know the most attractive segments, click here:
https://www.stratviewresearch.com/1061/polyester-fiber-market.html

Which Region Shows the Most Promising Growth Forecast and Opportunity?

The analysis suggests that Asia-Pacific occupied the largest market share in 2022 and is estimated to be the dominant and fastest-growing region in the market with a strong growth rate of 7.5% during the forecast period. This growth outlook is majorly attributed to the following-

• Factors such as significant growth and development of home furnishing and flooring activities, owing to the growing construction of residential and commercial buildings in developing countries such as India and China are expected to fuel product demand in the regional market during the forecast period.
• Furthermore, the European region plays an important role in importing apparel into the market, thereby boosting the demand for the product in the region, over the forecast period.
• North America is also expected to offer substantial growth opportunities during the forecast period.

Polyester Fiber Market Drivers:

Some of the key drivers listed in the report are given below.

• Polyester fibers offer excellent features such as resistance from wrinkles, abrasion, stretching, chemicals, and shrinking, and they also possess other favorable properties such as high strength, quick drying, and being easily washable, making them an ideal and required fiber in the fashion industry.
• Increasing apparel demand in the European region, expansion of the fashion industry, and, growing adoption of polyester fiber in apparel and garments.

Top Companies in the Polyester Fiber Market:

Stratview Research has identified the following companies as the top market players.
• Indorama Ventures Public Company Limited
• Mossi Ghisolfi Group
• Nan Ya Plastics Corporation
• Reliance Industries Limited
• Sinopec Yizheng Chemical Fibre Limited Liability Company
• Stein Fibers Ltd.
• Swicofil AG
• Toray Industries, Inc.
• William Barnet and Son, LLC
• Zhejiang Hengsheng Chemical Fiber Co., Ltd.

What Unique Insights Does this Report Offer?
This report provides comprehensive insights into the Polyester Fiber Market, answering critical questions like:
• How big is the sales opportunity?
• Which regions offer the best sales opportunities?
• Which are the most attractive market segments?
• Which are the top players and their market positioning?
• How complex is the business environment?
• What are the factors affecting the market?

For Customization or Any Other Queries, Get in Touch with Our Industry Experts at - sales@stratviewresearch.com

Related Reports:
• Polyester Staple Fiber Market: https://www.stratviewresearch.com/2894/polyester-staple-fiber-market.html
• Glass Fiber-Reinforced Polyester Pipe Market: https://www.stratviewresearch.com/3444/glass-fiber-reinforced-polyester-pipe-market.html

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