Polyester Staple Fiber & Filament Yarns Market Size – USD 64.10 billion in 2018, Growth – CAGR of 7.7%, Trends – Growth of the textile industry, especially in emerging economies
The global polyester staple fiber and filament yarns market is expected to reach USD 126.00 Billion by 2027, according to a new report by Reports and Data.
The increasing use in the textile industry is likely to drive the growth of the market in the upcoming years. The polyester staple fiber and filament yarns possess good elasticity, shape retention, wrinkle resistance, exceptional wash & wear performance, washability, and longevity, among others, and as a result, finds extensive application in various types of apparel fabrics. It is used to make fashionable dresses, weather-resistant clothing, and is a preferred material for children’s wear.
Growing demand from the construction industry is likely to boost the market demand. Polyester Fiber Reinforced Concrete (PFRC) is used in cement concrete pavement material. Polyester fibers are resistant to alkali attacks, and PFRC finds usage as overlays and in pavement quality concrete. The application of fibers may result in cement saving of nearly 10.0%, and with fly ash, the cement saving may be increased to about 35.0%. Polyester filament yarns, owing to their non-biodegradable property, are used in cement concrete road works, thereby assisting in the conservation of environment.
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Further key findings from the report suggest
- By type, filament yarns contributed to a larger market share in 2018 and is projected to grow at a rate of 7.6% in the forecast period. Polyester filament yarns may be used to make ropes, safety belts, conveyor belts, and tire fabric.
- By material, polyethylene terephthalate (PET) held a larger market share in 2018 and is likely to grow at a rate of 8.0% in the forecast period. The market dominance of this grade is owing to the offering of high strength and lightweight properties.
- By product, solid products contributed to a larger market share in 2018. It has a substantial visual appeal, which finds usage in apparel, home furnishings, non-woven fabrics, and other products. Also, it possesses exceptional tensile strength, high durability, and good finishing.
- By application, carpets and rugs are estimated to witness a significant growth rate in the forecast period, owing to the growing demand for carpets and rugs in the residential and commercial buildings.
- North American market, led by the U.S., held the second-largest market share in 2018 and is projected to grow at a rate of 6.9% in the forecast period.
- Key participants include Tongkun Group Co. Ltd., Shenghong Corp., Xin Feng Ming Group, Reliance Industries Ltd., Reliance Industries Ltd., William Barnet & Son LLC, Sarla Performance Fibers, Indorama Ventures Public Company Limited, Polyfibre Industries, Toray Industries Inc., and GreenFiber International SA, among others.
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Type Outlook (Volume, Kilo Tons; 2016-2027 and Revenue, USD Million; 2016-2027)
- Staple Fiber
- Filament Yarn
Material Outlook (Volume, Kilo Tons; 2016-2027 and Revenue, USD Million; 2016-2027)
- Polyethylene Terephthalate (PET)
- Poly-1, 4-Cyclohexylene Dimethylene (PCDT)
- Others
Product Outlook (Volume, Kilo Tons; 2016-2027 and Revenue, USD Million; 2016-2027)
- Hollow
- Solid
Application Outlook (Volume, Kilo Tons; 2016-2027 and Revenue, USD Million; 2016-2027)
- Carpets & Rugs
- Apparels
- Non-Woven Fabrics
- Home Textiles
- Fiberfill
- Others
Key Regional Markets Covered in the Report:
- North America (U.S.A., Canada, Mexico)
- Europe (Italy, U.K., Germany, France, Rest of Europe)
- Asia Pacific (India, China, Japan, South Korea, Australia, Rest of Asia Pacific)
- Latin America (Chile, Brazil, Argentina, Peru, Rest of Latin America)
- Middle East & Africa (Saudi Arabia, U.A.E., South Africa, Rest of Middle East & Africa)
The Polyester Staple Fiber & Filament Yarns market has been segmented into key regions of the world and offers an analysis of growth rate, market share, current and emerging trends, production and consumption ratio, industrial chain analysis, demand and supply, import and export, revenue contribution, and presence of key players in each region. A country-wise analysis of the market is offered in the report to gain a better understanding of the regional spread and progress of the Polyester Staple Fiber & Filament Yarns market.
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Frequently Asked Questions Addressed in the Report:
- What is the estimated market revenue growth over the forecast period?
- What are the major factors driving the global Polyester Staple Fiber & Filament Yarns market revenue growth?
- Which regional market is expected to account for the largest revenue share in the global Polyester Staple Fiber & Filament Yarns market over the forecast years?
- Which are the leading players in the global Polyester Staple Fiber & Filament Yarns market?
- What are the key outcomes of SWOT analysis and Porter’s Five Forces analysis of the market?
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