Data Bridge Market Research analyses that the polyester fiber market will witness a CAGR of 8.7% for the forecast period of 2022-2029 and is likely to reach the USD 128.15 billion by 2029.
Polyester fibers are made from polyethylene terephthalate (PET) which can either be recycled or virgin (PET). Because of its low cost, adaptability, high strength, easy stretchability, recyclability, elasticity, and excellent resistance to abrasion, wrinkles, and fungus, it has become the most used fiber in the textile industry. These fibers are hydrophobic and dry quickly, and they can also be used as insulation in the form of hollow fibers. It can take more wear and tear than cotton and other textiles, and it keeps its shape even in adverse weather. Dope dyeing or pigmentation can be used to colour these fibers.
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The polyester fiber market is primarily driven by rising demand for demand for rugs and carpets from commercial and residential sector. In addition, upsurge in the demand for nonwoven materials and products and rising urbanization and home décor industry are expected to drive the polyester fiber industry’s growth. Other important factors influencing the polyester fiber market growth are the development in global fashion industry, growing demand for product from various end-use industries such as households, automotive, hospitals, and electronics and rise in the number of applications of hollow polyester fibers in medical application.
Moreover, rise in the technical innovations and increasing research and development facilities will establish new opportunities for ordinary bearing manufacturers in the near future.
Some of the major players operating in the polyester fiber market are Reliance Industries Limited, Barnet, Sarla Performance Fibers Limited, Märkische Faser GmbH, PolyFiber Industries, TORAY INDUSTRIES, INC., Nirmal Fibers (P) Ltd, Indorama Ventures Public Company Limited, NAN YA PLASTICS CORPORATION, Stein Fibers, LTD., Green Group S.A., Shree Renga Polymers, kayavlon, Diyou Fibre (M) Sdn Bhd, Swicofil AG, SILON, SINOPEC YIZHENG CHEMICAL FIBRE LIMITED LIABILITY COMPANY, Alpek S.A.B. de C.V., Tongkun Group Zhejiang Hengsheng Chemical Fiber Co., Ltd., and Zhejiang Hengyi Group Co., Ltd., among others.
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On the other hand, fluctuating prices of raw materials and strict regulations associated with quality standards will inhibit market expansion. Also, health hazards due to the toxicity of polyester fiber will further challenge the growth rate of market.
This polyester fiber market report provides details of new recent developments, trade regulations, import export analysis, production analysis, value chain optimization, market share, impact of domestic and localised market players, analyses opportunities in terms of emerging revenue pockets, changes in market regulations, strategic market growth analysis, market size, category market growths, application niches and dominance, product approvals, product launches, geographical expansions, technological innovations in the market. To gain more info on polyester fiber market contact Data Bridge Market Research for an Analyst Brief, our team will help you take an informed market decision to achieve market growth.
Global Polyester Fiber Market Scope and Market Size
The polyester fiber market is segmented on the basis of product type, source, grade, form and application. The growth amongst the different segments helps you in attaining the knowledge related to the different growth factors expected to be prevalent throughout the market and formulate different strategies to help identify core application areas and the difference in your target market.
The region-wise coverage of the market is mentioned in the report, mainly focusing on the regions:
An assessment of the market attractiveness with regard to the competition that new players and products are likely to present to older ones has been provided in the publication. The research report also mentions the innovations, new developments, marketing strategies, branding techniques, and products of the key participants present in the global Polyester Fiber market. To present a clear vision of the market the competitive landscape has been thoroughly analyzed utilizing the value chain analysis. The opportunities and threats present in the future for the key market players have also been emphasized in the publication.
Points Covered in the Report
The points that are discussed within the report are the major Polyester Fiber market players that are involved in the Polyester Fiber Market such as Polyester Fiber Market players, raw material suppliers, equipment suppliers, end users, traders, distributors and etc.
The complete profile of the companies is mentioned. And the capacity, production, price, revenue, cost, gross, gross margin, sales volume, sales revenue, consumption, growth rate, import, export, supply, future strategies, and the technological developments that they are making are also included within the report. This report analyzed 12 years of data history and forecast.
The growth factors of the Polyester Fiber Market are discussed in detail wherein the different end users of the Polyester Fiber Market are explained in detail.
Data and information by Polyester Fiber Market player, by region, by type, by application and etc, and custom research can be added according to specific requirements.
The report contains the SWOT analysis of the Polyester Fiber Market. Finally, the report contains the conclusion part where the opinions of the industrial experts are included.
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