Polyester Fiber Market was valued at USD 89.2 Billion in 2022 and is projected to reach USD 117.9 Billion by 2030, growing at a CAGR of 4.0% from 2024 to 2030.
The polyester fiber market was valued at approximately USD 93.5 billion in 2022 and is projected to reach USD 129.6 billion by 2027, growing at a Compound Annual Growth Rate (CAGR) of 6.5% during the forecast period. The growth is driven by the increasing demand for polyester fibers in various applications such as textiles, automotive, and construction. The versatility, durability, and cost-effectiveness of polyester fibers contribute significantly to their expanding use in the fashion and apparel industries, as well as in technical textiles. The rise in disposable incomes and changing consumer preferences towards synthetic fibers further bolster market growth.
Opportunities in the polyester fiber market are particularly promising in emerging economies where industrialization and urbanization are on the rise. Regions such as Asia-Pacific are expected to offer substantial growth potential due to their expanding manufacturing bases and increasing demand for consumer goods. Additionally, advancements in fiber technology, including the development of sustainable and eco-friendly polyester fibers, are likely to open new avenues for market expansion. The market is also witnessing innovation in recycling processes, aimed at reducing environmental impact, which could drive further growth and investment in the sector.
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Tongkun Group
Reliance
Zhejiang Hengyi Group
Shenghong
Xin Feng Ming Group
Hengli Group
Billion Industrial
Jiangsu Sanfangxiang Group
Nanya
Rongsheng PetroChemical
Sinopec Yizheng Chemical Fibre
Zhejiang GuXianDao Industrial Fiber
Far Eastern New Century
DAK Americas
Advansa
Lealea Group
Petrovietnam Petrochemical and Textile Fiber Joint Stock Company
Wellman
By the year 2030, the scale for growth in the market research industry is reported to be above 120 billion which further indicates its projected compound annual growth rate (CAGR), of more than 5.8% from 2023 to 2030. There have also been disruptions in the industry due to advancements in machine learning, artificial intelligence and data analytics There is predictive analysis and real time information about consumers which such technologies provide to the companies enabling them to make better and precise decisions. The Asia-Pacific region is expected to be a key driver of growth, accounting for more than 35% of total revenue growth. In addition, new innovative techniques such as mobile surveys, social listening, and online panels, which emphasize speed, precision, and customization, are also transforming this particular sector.
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Growing demand for below applications around the world has had a direct impact on the growth of the Global Polyester Fiber Market
Polyester Staple Fiber (PSF)
Polyester Filament Yarn (PFY)
Based on Types the Market is categorized into Below types that held the largest Polyester Fiber market share In 2023.
Polyester Staple Fiber (PSF)
Polyester Filament Yarn (PFY)
Global (United States, Global and Mexico)
Europe (Germany, UK, France, Italy, Russia, Turkey, etc.)
Asia-Pacific (China, Japan, Korea, India, Australia, Indonesia, Thailand, Philippines, Malaysia and Vietnam)
South America (Brazil, Argentina, Columbia, etc.)
Middle East and Africa (Saudi Arabia, UAE, Egypt, Nigeria and South Africa)
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1. Introduction of the Global Polyester Fiber Market
Overview of the Market
Scope of Report
Assumptions
2. Executive Summary
3. Research Methodology of Verified Market Reports
Data Mining
Validation
Primary Interviews
List of Data Sources
4. Global Polyester Fiber Market Outlook
Overview
Market Dynamics
Drivers
Restraints
Opportunities
Porters Five Force Model
Value Chain Analysis
5. Global Polyester Fiber Market, By Type
6. Global Polyester Fiber Market, By Application
7. Global Polyester Fiber Market, By Geography
Global
Europe
Asia Pacific
Rest of the World
8. Global Polyester Fiber Market Competitive Landscape
Overview
Company Market Ranking
Key Development Strategies
9. Company Profiles
10. Appendix
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