Polyester Fiber Market | Covid-19 Impact Analysis

Polyester Fiber Market Insights

Polyester Fiber Market is likely to witness an impressive CAGR of 8.0% during the forecast period. Polyester Fibers offer excellent features such as resistance from wrinkle, abrasion, stretching, chemicals, and shrinking, and they also own other favorable properties such as high strength, quick drying, and being easily washable, making them an ideal and required fiber in the fashion industry. The other major factors such as increasing apparel demand in the European region, expansion of fashion industry and growing adoption of polyester fiber in apparel and garments are expected to fuel the growth of the polyester fiber market during the forecast period.

Market Share Analysis

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Polyester Fiber Market Share: By Grade Type

Based on the grade type, the market is segmented as PET polyester and PCDT polyester. The PET polyester 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 be blend easily with other materials to improve their wrinkle free and stain-resistant features. Further, PCDT polyester offers excellent resilience and elasticity, making it the suitable option in the sector of home decor, and it’s also used widely in the applications for producing curtains, drapes, furniture & upholstery covers.

Polyester Fiber Market Share: By Product Type

Based on the product type, the market is segmented as solid and hollow. Solid fiber accounted for a major part of share in the market in 2019. 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.

Polyester Fiber Market Share: By Application Type

Based on the application type, the market is segmented as carpet & rugs, non-woven fabrics, fiberfill, apparel, home textiles, and others. Apparel 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 more than 8% in 2019, which is attributed to the superior characteristics of polyester fiber.

Polyester Fiber Market Share: By Region

In terms of regions, Asia-Pacific is estimated to be the dominant and the fastest-growing region in the market with a strong growth rate of 8.5% during the forecast period. Factors such as significant growth and development of home furnishing and flooring activities, owing to the growing construction of residential and commercial buildings in the developing countries such as India and China are expected to fuel the product demand in the regional market during the forecast period. Furthermore, the European region plays an important role in importing apparels in 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.  

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Some of the key players in the polyester fiber market are 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, and Zhejiang Hengsheng Chemical Fiber Co., Ltd.

Market Scope & Segmentation

Polyester fiber is basically a synthetic fiber made from synthetic chemical compounds, consisting of a polyester, whether wholly or partially. This fiber has a variety of usage in the automotive, furniture, and textile industries.

This report studies the market covering a period of 12 years of trend and forecast. The report provides detailed insights into the market dynamics to enable informed business decision making and growth strategy formulation based on the opportunities present in the market.

The polyester fiber market is segmented into the following categories. 

Polyester Fiber Market Size, Share, & Forecast, by Grade Type:

• PET Polyester (Regional Analysis: North America, Europe, Asia-Pacific, and RoW)
• PCDT Polyester (Regional Analysis: North America, Europe, Asia-Pacific, and RoW)

Polyester Fiber Market Size, Share, & Forecast, by Product Type:

• Solid (Regional Analysis: North America, Europe, Asia-Pacific, and RoW)
• Hollow (Regional Analysis: North America, Europe, Asia-Pacific, and RoW)

Polyester Fiber Market Size, Share, & Forecast, by Application Type:

• Carpets & Rugs (Regional Analysis: North America, Europe, Asia-Pacific, and RoW)
• Non-woven Fabrics (Regional Analysis: North America, Europe, Asia-Pacific, and RoW)
• Fiberfill (Regional Analysis: North America, Europe, Asia-Pacific, and RoW)
• Apparel (Regional Analysis: North America, Europe, Asia-Pacific, and RoW)
• Home Textiles (Regional Analysis: North America, Europe, Asia-Pacific, and RoW)
• Others (Regional Analysis: North America, Europe, Asia-Pacific, and RoW)

Polyester Fiber Market Size, Share, & Forecast, by Region:

• North America (Country Analysis: the USA, Canada, and Mexico) 
• Europe (Country Analysis: Germany, France, the UK, Russia, Spain, and Rest of Europe)
• Asia-Pacific (Country Analysis: China, Japan, India, South Korea, and Rest of Asia-Pacific)
• Rest of the World (Sub-Region Analysis: Latin America, the Middle East, and Others)

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Research Methodology

This report offers high-quality insights and is the outcome of detailed research methodology comprising extensive secondary research, rigorous primary interviews with industry stakeholders and validation and triangulation with Stratview Research’s internal database and statistical tools. More than 1,000 authenticated secondary sources, such as company annual reports, fact book, press release, journals, investor presentation, white papers, patents, and articles have been leveraged to gather the data. We conducted more than 10 detailed primary interviews with the market players across the value chain in all four regions and with industry experts to obtain both the qualitative and quantitative insights.

Report Features

This report provides market intelligence in the most comprehensive way. The report structure has been kept such that it offers maximum business value. It provides critical insights into the market dynamics and will enable strategic decision making for the existing market players as well as those willing to enter the market. The following are the key features of the report:

• Market structure: Overview, industry life cycle analysis, supply chain analysis
• Market environment analysis: Growth drivers and constraints, Porter’s five forces analysis, SWOT analysis
• Market trend and forecast analysis
• Market segment trend and forecast
• Competitive landscape and dynamics: Market share, product portfolio, product launches, etc.
• Attractive market segments and associated growth opportunities
• Emerging trends
• Strategic growth opportunities for the existing and new players
• Key success factors

Report Customization Options

With this detailed report, Stratview Research offers one of the following free customization options to our respectable clients:

Company Profiling

• Detailed profiling of additional market players (up to 3 players)
• SWOT analysis of key players (up to 3 players)

Market Segmentation

• Current market segmentation of any one of the product types by application type.  

Competitive Benchmarking

• Benchmarking of key players on the following parameters: Product portfolio, geographical reach, regional presence, and strategic alliances

Custom Research: Stratview Research offers custom research services across sectors. In case of any custom research requirement related to market assessment, competitive benchmarking, sourcing and procurement, target screening, and others, please send your inquiry at [email protected].