Polyester Fiber Market Analysis, Growth Drivers and Forecast from 2026 to 2032

According to the study, the global polyester fiber market was valued at $81.1 billion in 2022 and is projected to reach $160.1 billion by 2032, registering a CAGR of 7.1% from 2023 to 2032.

Download Sample Pages of Research Overview: https://www.alliedmarketresearch.com/request-sample/A10583

Key Growth Drivers and Market Dynamics:

- The growth of the global polyester fiber market is primarily driven by surging demand from the textile and home furnishing industries, along with the rapid expansion of the automotive sector. Polyester fiber's durability, wrinkle resistance, and cost-effectiveness make it a preferred material across multiple end-use industries.

- However, volatility in crude oil prices, which directly affects the cost of polyester fiber raw materials, remains a major restraint for market growth. Despite this challenge, the rising demand for recyclable and sustainable polyester fiber is expected to unlock lucrative growth opportunities in the coming years.

Market Snapshot:

- Forecast Period: 2023-2032
- Base Year: 2022
- Market Size in 2022: $81.1 Billion
- Market Size in 2032: $160.1 Billion
- CAGR: 7.1%
- Report Length: 370 Pages
- Segments Covered: Form, Grade, Product Type, Application, Region

Segmental Insights:-

Solid Polyester Fiber Dominates by Form:

- The solid segment accounted for nearly three-fourths of the global market revenue in 2022 and is expected to maintain its dominance through 2032, growing at a CAGR of 7.2%. Its superior durability, moisture resistance, wrinkle resistance, and eco-friendly recycled variants make it widely used in sportswear, outdoor apparel, furniture filling, pillows, cushions, and toys.

PET Polyester Leads by Grade:

- The polyethylene terephthalate (PET) polyester segment held over four-fifths of the market share in 2022 and is projected to continue its dominance at a CAGR of 7.2%. Rising PET demand for food and beverage packaging, coupled with its high strength, stiffness, and versatility, continues to drive this segment.

Polyester Filament Yarn (PFY) Retains Leadership:

- By product type, PFY accounted for more than two-thirds of the total market revenue in 2022. Its extensive use in knitting, weaving, apparel, and home furnishings such as curtains, bed sheets, and draperies ensures sustained demand. Different tenacity variants of PFY cater to a wide range of fabric applications.

Asia-Pacific Emerges as the Dominant Region:

- Asia-Pacific accounted for over four-fifths of the global market revenue in 2022 and is expected to remain the leading region throughout the forecast period, growing at a CAGR of 7.2%. Rapid population growth, urbanization, rising disposable income, and a booming apparel and home textile industry continue to fuel polyester fiber demand across the region.

Key Market Players:

- Toray Industries, Inc.
- Barnet
- Stein Fibers, Ltd.
- Märkische Faser GmbH
- Sarla Performance Fibers Limited
- Nan Ya Plastics Corporation
- Reliance Industries Limited
- Indorama Ventures Public Company Limited
- Polyfibre Industries
- Nirmal Fibres (P) Ltd

These companies are actively adopting product launches, expansions, collaborations, and strategic partnerships to strengthen their market presence and enhance competitive advantage.

Obtain Report Details: https://www.alliedmarketresearch.com/polyester-fiber-market-A10583

Contact:

David Correa

United States

1209 Orange Street,

Corporation Trust Center,

Wilmington, New Castle,

Delaware 19801 USA.

Int'l: +1-503-894-6022

Toll Free: +1-800-792-5285

Fax: +1-800-792-5285

help@alliedmarketresearch.com

About Us

Allied Market Research provides global enterprises as well as medium and small businesses with unmatched quality of "Market Research Reports" and "Business Intelligence Solutions." AMR has a targeted view to provide business insights and consulting to assist its clients to make strategic business decisions and achieve sustainable growth in their respective market domain.

Pawan Kumar, the CEO of Allied Market Research, is leading the organization toward providing high-quality data and insights. We are in professional corporate relations with various companies and this helps us in digging out market data that helps us generate accurate research data tables and confirms utmost accuracy in our market forecasting. Each and every data presented in the reports published by us is extracted through primary interviews with top officials from leading companies of domain concerned. Our secondary data procurement methodology includes deep online and offline research and discussion with knowledgeable professionals and analysts in the industry.

This release was published on openPR.