Certified Global Research Member
Key Questions Answered
- Global Market Outlook
- In-depth analysis of global and regional trends
- Analyze and identify the major players in the market, their market share, key developments, etc.
- To understand the capability of the major players based on products offered, financials, and strategies.
- Identify disrupting products, companies, and trends.
- To identify opportunities in the market.
- Analyze the key challenges in the market.
- Analyze the regional penetration of players, products, and services in the market.
- Comparison of major players’ financial performance.
- Evaluate strategies adopted by major players.
- Recommendations
Why Choose Market Research Future?
- Vigorous research methodologies for specific market.
- Knowledge partners across the globe
- Large network of partner consultants.
- Ever-increasing/ Escalating data base with quarterly monitoring of various markets
- Trusted by fortune 500 companies/startups/ universities/organizations
- Large database of 5000+ markets reports.
- Effective and prompt pre- and post-sales support.
The polyester fiber market has been witnessing notable trends in recent years, reflecting shifts in consumer preferences, technological advancements, and global economic conditions. One prominent trend is the increasing demand for sustainable and eco-friendly polyester fibers. With growing awareness of environmental issues, consumers are seeking products that have minimal impact on the planet. As a result, manufacturers are investing in research and development to create polyester fibers from recycled materials, such as post-consumer plastic bottles or industrial waste, thereby reducing reliance on virgin petroleum-based polyester. This trend aligns with the broader sustainability movement in the textile industry, where companies are adopting more eco-conscious practices throughout the supply chain.
The rising advancement in the global fashion industry and the growing trends regarding the constructional activity across the world is combining the efforts with rapid urbanization and the home decor industry which is providing great opportunities to the market. There is a surging demand for the product from various end-use applications namely hospitals, households, automotive, and electronics along with superior properties of polyester fibers.
Moreover, another significant trend in the polyester fiber market is the rising popularity of athleisure and activewear. As people become more health-conscious and prioritize comfort in their clothing choices, there has been a surge in demand for performance-oriented fabrics like polyester. Polyester fibers offer properties such as moisture-wicking, stretchability, and durability, making them ideal for sportswear and athleisure apparel. Additionally, advancements in textile technology have led to the development of innovative polyester blends that enhance breathability and odor resistance, further driving their adoption in activewear.
Furthermore, the polyester fiber market is witnessing increased competition and innovation driven by advancements in manufacturing processes. With the advent of technologies like melt spinning and continuous polymerization, manufacturers can produce polyester fibers with improved quality and performance characteristics. These technological advancements have also contributed to cost efficiencies, enabling companies to offer competitive pricing while maintaining product quality. Additionally, the adoption of digitalization and automation in production processes has streamlined operations and reduced lead times, allowing manufacturers to respond swiftly to changing market demands.
Additionally, shifting consumer lifestyles and fashion trends are influencing the demand for polyester fibers in various applications. The versatility of polyester allows it to be used in a wide range of products, including clothing, home textiles, automotive interiors, and industrial materials. In the fashion industry, polyester is favored for its ability to mimic the look and feel of natural fibers like cotton or silk at a lower cost, making it a popular choice for fast fashion brands. Moreover, in the home textile segment, polyester's durability and easy-care properties make it a preferred material for items such as bedding, curtains, and upholstery fabrics.
Furthermore, the geopolitical landscape and trade policies also impact the polyester fiber market trends. Fluctuations in raw material prices, trade tariffs, and geopolitical tensions can affect the cost of production and supply chain dynamics, influencing market trends and consumer behavior. Moreover, evolving regulatory frameworks and sustainability initiatives aimed at reducing carbon emissions and promoting circular economy principles are shaping the future trajectory of the polyester fiber market. Companies are increasingly focusing on adopting sustainable practices, such as reducing water and energy consumption, optimizing waste management, and implementing eco-friendly production processes, to meet regulatory requirements and consumer expectations.
Polyester Fiber Market Highlights:
Global Polyester Fiber Market Overview
The polyester fiber market size was valued at USD 103.86 billion in 2023. The polyester fiber industry is projected to grow from USD 113.4 billion in 2024 to USD 210.16 billion by 2032, exhibiting a compound annual growth rate (CAGR) of 8.01% during the forecast period (2024 - 2032). Rise in the technical innovations, increasing research and development facilities, and rise in the number of applications of hollow polyester fiber in medical applications are the key market drivers enhancing the market growth.
Source: Secondary Research, Primary Research, MRFR Database, and Analyst Review
Polyester Fiber Market Trends
-
Increasing demand for recycled products is driving the market growth
The market CAGR for polyester fiber is being driven by the increased demand for recycled products. Consumers are increasingly aware of choosing sustainable textiles, often made from recycled materials. Rising awareness for environmental protection and a widening supply of sustainable clothing is expected to push the recycled polyester fiber market sales. Increasing demand for budget-friendly and sustainable fiber with high resilience and lightweight nature drives the demand for polyester fiber. Rising concern regarding the environmental effect of certain fibers is aiding the market's growth.
Income growth and fast urbanization have influenced the latest fashions in various advanced economic systems. With an internet connection in several rural and semi-urban regions, the requirement for new fashion products in the apparel and interior decoration sections is projected to increase the growth of polyester fiber during the forecast period. Polyester fiber are specifically used for sports and gym clothing due to their lightweight and moisture-wicking qualities, affecting overall growth. Strict government regulations to reduce emissions and fluctuating prices of raw materials may restrict industry growth during the forecast period. Bio-based polyesters can deal with the situation successfully and then have the capability to capture a substantial share of the market.
Moreover, the growth of the polyester fiber industry is majorly attributable to its wide applications such as automotive, home furnishing, textile, filtration, and construction. In automobiles, polyester fiber are utilized in various textile materials such as warp-knitted, circular-knitted, woven, and nonwoven structures. These fibers are extensively used due to their properties, such as high strength, resistance to temperature, chemical resistance, exceptional sliding properties, low absorption of humidity, electrical insulation properties, and high abrasion resistance.
Furthermore, it is an extensively used material for multiple home textile applications. Its properties, such as resistance to micro-organisms, soil release, moderate resistance to alkalis & acids, and superior drapability, make it suitable for pillow covers, bed sheets, and similar applications. Polyester fiber is utilized for making curtains due to high UV resistance and sound absorption properties. Waterproof polyester is utilized for tents, outdoor porch curtains, and tarps. Polyester can be employed in the production of furniture to provide durability and strength compared to conventional materials. It is lightweight and durable for upholstery fabrics, driving the polyester fiber market revenue.
Polyester Fiber Market Segment Insights
Polyester Fiber Form Insights
The polyester fiber market segmentation, based on the form, includes solid and hollow. The solid segment dominated the market, accounting for major market revenue over the forecast period. This is due to consumer preferences shifting toward highly durable, cost-effective, and weather-resistant materials. Rapidly growing demand for solid fibers due to their wide applications in home furnishing products, apparel, and high-end materials will drive the polyester fiber market.
Figure 1: Polyester Fiber Market, by Form, 2022 & 2032 (USD billion)
Source: Secondary Research, Primary Research, MRFR Database, and Analyst Review
Polyester Fiber Product Insights
The polyester fiber market segmentation, based on product, includes polyester staple fiber (PSF) and polyester filament yarn (PFY). The polyester staple fiber (PSF) category generated the most income over the forecast period. This is due to the rising demand for sustainable textiles and growing application industries. Consumers are increasingly opting for sustainable textiles made from recycled materials.
Polyester Fiber Grade Insights
The polyester fiber market segmentation, based on grade, includes polyethylene terephthalate (PET) polyester, and poly-1, 4-cyclohexylene-dimethylene terephthalate (PCDT) Polyester. The polyethylene terephthalate (PET) polyester category generated the most income over the forecast period. This is majorly d due to its high strength, rigidity, and flexibility, this material is widely used in floor coverings, rugs, and residential textile products.
Polyester Fiber Application Insights
The polyester fiber market segmentation, based on application, includes carpets & rugs, apparel, industrial & consumer textiles, household & institutional textiles, non-woven fabrics, fiberfill, and others. The apparel category generated the most income over the forecast period due to its characteristics, such as high elasticity, excellent wrinkle resistance, and shape retention ability.
Polyester Fiber Regional Insights
By region, the study provides market insights into North America, Europe, Asia-Pacific, and Rest of the World. The Asia Pacific polyester fiber market will dominate over the forecast period, owing to the rising fashion industry in developing countries, including China, India, Japan, and Malaysia. Increasing spending on home remodeling activities to gain an attractive appearance will create opportunities for home furnishing products. Moreover, China polyester fiber market held the largest market share, and the Indian polyester fiber market was the fastest-growing market in the Asia-Pacific region.
Further, the major countries studied in the market report are The U.S., Canada, German, France, the UK, Italy, Spain, China, Japan, India, Australia, South Korea, and Brazil.
Figure 2: POLYESTER FIBER MARKET SHARE BY REGION 2022 (%) 
Source: Secondary Research, Primary Research, MRFR Database, and Analyst Review
Europe polyester fiber market accounts for the second-largest market share due to a large population base and fast-developing economies, rapid urbanization, and increasing disposable income of people in the region. Further, the German polyester fiber market held the largest market share, and the UK polyester fiber market was the fastest-growing market in the European region.
The North America polyester fiber market is expected to grow at the fastest CAGR from 2023 to 2032. This is due to increased adoption within textile and surgical applications. Moreover, the US polyester fiber market held the largest market share, and the Canada polyester fiber market was the fastest-growing market in the North America region.
Polyester Fiber Key Market Players & Competitive Insights
Leading market players are investing heavily in research and development to expand their product lines, which will help the polyester fiber market grow even more. Market participants are also undertaking various strategic activities to expand their footprint, with important market developments including new product launches, contractual agreements, mergers and acquisitions, higher investments, and collaboration with other organizations. To expand and survive in a more competitive and rising market climate, the polyester fiber industry must offer cost-effective items.
Manufacturing locally to minimize operational costs is one of the key business tactics manufacturers use in the polyester fiber industry to benefit clients and increase the market sector. Major players in the polyester fiber market, including Reliance Industries Limited, Barnet, Sarla Performance Fibers Limited, Märkische Faser GmbH, and others, are attempting to increase market demand by investing in research and development operations.
Reliance Industries Ltd is a diversified firm interested in energy, petrochemicals, entertainment, textiles, retail, materials, and telecommunication sectors. The firm carries out the exploration, development, and manufacture of oil and gas, refining crude oil, marketing petroleum products, and production of petrochemicals. Its refined products such as propylene, gasoline, naphtha, alkylate, sulfur, kerosene, and petroleum coke. The firm commercializes petrochemical products, such as aromatics, elastomers, and polyester fiber. It works with a range of retail stores comprising food and grocery specialty, footwear, hypermarkets, and other specialty stores. It also delivers telecommunication, security, broadband internet, and other digital services. In August 2021, Reliance Industries Limited (RIL) will open a new recycled polyester staple fiber (PSF) manufacturing facility in Andhra Pradesh, India, that will double its capacity for recycled PET. This manufacturing facility will increase the company’s capacity for post-consumer PET bottles by up to 5 billion.
Teijin Limited offers solutions in environmental value, safety, security & disaster mitigation, and demographic change & increased health consciousness. The Company's main fields of operation are high-performance fibers, such as aramid, carbon fibers & composites, healthcare, films, resin & plastic processing, polyester fiber, products converting, and IT. In October 2021, Teijin Group announced that Teijin Polyester Ltd., their core base for the Polyester Fiber production plant, is set to introduce a facility that will transform domestically used plastic bottles into recycled polyester chips for the manufacturing of superior quality polyester filament. The plant is set to begin production in January 2022 and will likely generate more than 7,000 tons of recycled polyester fiber annually till 2025.
Key Companies in the Polyester Fiber market include
-
Reliance Industries Limited
-
Barnet
-
Sarla Performance Fibers Limited
-
Märkische Faser GmbH
-
-
TORAY INDUSTRIES, INC.
-
Nirmal Fibers (P) Ltd
-
Indorama Ventures Public Company Limited
-
NAN YA PLASTICS CORPORATION
-
Stein Fibers, LTD.
-
-
Shree Renga Polymers
-
Kayavlon
-
Diyou Fibre (M) Sdn Bhd
-
Swicofil AG
Polyester Fiber Industry Developments
October 2021: Applied DNA Sciences Inc., a significant player in nucleic acid-based technologies and Polymerase Chain Reaction (PCR)-based DNA manufacturing technologies, announced signing a collaborative agreement with the biggest recycled polyester (rPET) fiber producer in India, Ganesha Ecosphere Ltd. Following the collaboration, Ganesha is set to install Applied DNA's traceability system at Ganesha's facilities.
April 2024: there was a growing trend towards sustainable polyester fibers. Brands and consumers alike expressed a growing interest in eco-friendly alternatives. Manufacturers responded by announcing increased production capacities for recycled polyester and exploring bio-based options. This shift reflected a growing awareness of the environmental impact of the textile industry and a desire for more sustainable practices throughout the polyester fiber production chain.
Polyester Fiber Market Segmentation
Polyester Fiber Form Outlook
- Solid
- Hollow
Polyester Fiber Product Outlook
- Polyester Staple Fiber (PSF)
- Polyester Filament Yarn (PFY)
Polyester Fiber Grade Outlook
- Polyethylene Terephthalate (PET) Polyester
- Poly-1, 4-Cyclohexylene-Dimethylene Terephthalate (PCDT) Polyester
Polyester Fiber Application Outlook
-
Carpets & Rugs
-
Apparel
-
Industrial & Consumer Textiles
-
Household & Institutional Textiles
-
Non-Woven Fabrics
-
Fiberfill
-
Others
Polyester Fiber Manufacturing Process Outlook
-
Virgin
-
Recycled
Polyester Fiber Denier Outlook
-
Fine
-
Medium
-
Coarse
Polyester Fiber Regional Outlook
- North America
- US
- Canada
- Europe
- Germany
- France
- UK
- Italy
- Spain
- Rest of Europe
- Asia-Pacific
- China
- Japan
- India
- Australia
- South Korea
- Australia
- Rest of Asia-Pacific
- Rest of the World
- Middle East
- Africa
- Latin America
Leading companies partner with us for data-driven Insights
Kindly complete the form below to receive a free sample of this Report
Tailored for You
- Dedicated Research on any specifics segment or region.
- Focused Research on specific players in the market.
- Custom Report based only on your requirements.
- Flexibility to add or subtract any chapter in the study.
- Historic data from 2014 and forecasts outlook till 2040.
- Flexibility of providing data/insights in formats (PDF, PPT, Excel).
- Provide cross segmentation in applicable scenario/markets.
