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Report Overview
The global polyester fibre market attained a volume of nearly 60.6 MMT in 2023. The market is further expected to grow at a CAGR of 3.9% during the forecast period of 2024-2032 to reach a volume of approximately 85.55 MMT by 2032.
2023
Base Year
2018-2023
Historical Year
2024-2032
Forecast Year
Polyester Fibre Market Share
The Asia Pacific is expected to be the largest shareholder in the global polyester fibre industry over the forecast period. The rapid urbanisation and industrialisation in developing countries such as India and China are driving the regional market.
Additionally, the growing disposable income in the region has led to the inflating demand for higher living standards, thereby aiding the growth of the polyester fibre market. The presence of key players in China, Vietnam, and India is expected to propel regional growth.
Polyester Fibre Market Report Snapshots
Polyester Fibre Market Analysis
*While we strive to always give you current and accurate information, the numbers depicted on the website are indicative and may differ from the actual numbers in the main report. At Expert Market Research, we aim to bring you the latest insights and trends in the market. Using our analyses and forecasts, stakeholders can understand the market dynamics, navigate challenges, and capitalize on opportunities to make data-driven strategic decisions.*
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Key Questions Answered in the Report
The market is projected to grow at a CAGR of 3.9% between 2024 and 2032.
The market is estimated to witness a healthy growth in the forecast period of 2024-2032 to reach reach a volume of approximately 85.55 MMT by 2032.
The major drivers of the market include the rising demand from automobile, electronics, and hospitality sector, increasing application in products such as drapes, mattresses, and carpets, rapid urbanisation and industrialisation, growing disposable income, higher living standards, presence of abundant raw materials, and developing regional flooring and furnishing market.
The rising demand for sports apparel, quick-dry clothing, and outdoor activity equipment and the properties of polyester fibre such as abrasion resistance, higher strength, and anti-wrinkle are the key trends of the market.
The market is broken down into North America, Europe, Asia Pacific, Latin America, the Middle East, and Africa.
Based on the source, the market is divided into virgin, recycled, blended and others.
The market can be broadly categorised based on its product type into polyester staple fibre (PSF) and polyester filament yarn (PFY).
Based on the form, the market is divided into solid and hollow.
The various grades in the market for polyester include PET polyester and PCDT polyester.
The major applications include apparel, home textiles, industrial textiles, and non-woven fabrics, among others.
The market's key players are Alpek S.A.B. de C.V., Indorama Ventures Public Company Limited, Tongkun Group Co., Ltd, Reliance Industries Limited, and Sinopec Yizheng Chemical Fibre Company Limited, among others.
In 2023, the market reached an approximate volume of 60.6 MMT.
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