Polyester Fiber Market Size To Reach $191.57 Billion By 2030

Polyester Fiber Market Growth & Trends

The global polyester fiber market size is anticipated to reach USD 191.57 billion by 2030 and is projected to grow at a CAGR of 7.3% from 2024 to 2030, according to a new report by Grand View Research, Inc. The market is a key sector of the global textile and materials industry and is characterized by its versatility, durability, and affordability. Polyester fibers derived from synthetic polymers find extensive use in various applications, from clothing and home textiles to industrial products and automotive components.

One of the main drivers of the market growth is the booming demand for textiles worldwide. Polyester fibers offer numerous advantages over natural fibers such as cotton, including greater strength, wrinkle resistance, and easy care. These properties make polyester an attractive choice for apparel manufacturers, particularly in regions where cost efficiency is a priority. In addition, technological advances in fiber production have enabled the development of specialty polyester fibers with improved properties, such as moisture wicking for sportswear and flame retardancy for industrial applications.

The market players are focusing on various strategic initiatives such as mergers, acquisitions, and collaborations. For instance, in January 2023, Stein Fibers Ltd. completed the acquisition of Fibertex Corporation as part of its strategy to enhance its product offerings and provide enhanced services to its customer base.

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Polyester Fiber Market Report Highlights

• Based on type, the polyester staple fiber (PSF) segment held the market with the largest revenue share of 65.5% in 2023

• Based on source, the virgin segment led the market with the largest revenue share of over 86.5% in 2023

• Based on grade, the polyethylene terephthalate (PET) polyester segment led the market with the largest revenue share of 78.9% in 2023

• Asia Pacific dominated the market with the revenue share of 43% in 2023, due to growing industrial, textile, automotive, and construction industry especially in Thailand, Philippines, Bangladesh, India, Indonesia, and Vietnam

• China was the leading manufacturer of polyester fiber in the Asia Pacific region and captured around 53% of the revenue market share in 2023

Polyester Fiber Market Segmentation

Grand View Research has segmented the global polyester fiber market based on type, source, grade, form, denier, application, and region:

Polyester Fiber Type Outlook (Volume, Kilotons; Revenue, USD Million, 2018 - 2030)

• Polyester Staple Fiber (PSF)

• Polyester Filament Yarn (PFY)

Polyester Fiber Source Outlook (Volume, Kilotons; Revenue, USD Million, 2018 - 2030)

• Virgin

• Recycled And Blended

Polyester Fiber Grade Outlook (Volume, Kilotons; Revenue, USD Million, 2018 - 2030)

• Polyethylene Terephthalate (PET) Polyester

• PCDT Polyester

Polyester Fiber Form Outlook (Volume, Kilotons; Revenue, USD Million, 2018 - 2030)

• Solid

• Hollow

Polyester Fiber Denier Outlook (Volume, Kilotons; Revenue, USD Million, 2018 - 2030)

• Fine

• Medium

• Coarse

Polyester Fiber Application Outlook (Volume, Kilotons; Revenue, USD Million, 2018 - 2030)

• Apparel

• Home Textiles

• Carpets And Rugs

• Non-woven Fabrics

• Fiberfil

• Others

Polyester Fiber Regional Outlook (Volume, Kilotons; Revenue, USD Million, 2018 - 2030)

• North America

  • U.S.

  • Canada

  • Mexico

• Europe

  • Germany

  • France

  • UK

  • Italy

• Asia Pacific

  • China

  • Japan

  • India

  • Australia

• Central & South America

  • Brazil

• Middle East & Africa

  • Saudi Arabia

List of Key Players in the Polyester Fiber Market

• Reliance Industries Limited

• Sarla Performance Fibers Limited

• Märkische Faser GmbH

• Poly Fiber Industries

• Toray Industries Inc.

• Nirmal Fibers (P) Ltd

• Indorama Ventures Public Company Limited

• Stein Fibers LTD.

• Green Group S.A.

• Kayavlon

• Diyou Fiber (M) Sdn Bhd

• Swicofil AG

• Sinopec Yizheng Chemical Fiber Limited Liability Company

• Alpek S.A.B. de C.V.