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

Global Polyester Fibre Market Size

The global polyester fibre market value is expected to grow in the forecast period of 2024-2032 at a CAGR of 3.9%, to reach a volume of approximately 85.55 MMT by 2032.

 

Global Polyester Fibre Market Report Summary Description Value
Base Year MMT 2023
Historical Period MMT 2018-2023
Forecast Period MMT 2024-2032
Market Size 2023 MMT 60.6
Market Size 2032 MMT 85.55
CAGR 2018-2023 Percentage XX%
CAGR 2024-2032 Percentage 3.9%
CAGR 2024-2032 - Market by Region Asia Pacific 4.5%
CAGR 2024-2032 - Market by Country India 4.8%
CAGR 2024-2032 - Market by Country China 4.3%
CAGR 2024-2032 - Market by Source Recycled 4.3%
CAGR 2024-2032 - Market by Application Home Textiles 4.4%
Market Share by Country 2023 UK 4.5%

 

Polyester Fibre Market Report Snapshots

Polyester Fibre Market Size

Polyester Fibre Market Growth

Polyester Fibre Market Analysis

Polyester Fibre Market Share

Polyester Fibre Companies

 

*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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Outline the Scope

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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