150 State St., Albany,
NY, USA, 12207
Polyester, currently is undoubtedly the most desirable and demanded fibre in the textiles industry owing to its improved physical properties, lower price and recyclability, which provides a completely unique set of benefits as compared to any other natural or synthetic fibers. Polyester is a type of polymer that consists of the ester functional group in their main chain. As a specific material, it most commonly refers to a type called polyethylene terephthalate (PET).
Among all the polyester products, the polyester filament yarn production is the highest compared to the other polyester products. Polyester filament is versatile and relatively applicable in large areas including consumer apparel to heavy industrial applications.
Accordingly, global polyester filament market is expected to grow at a steady CAGR in the years to come.
The growth of this market is attributed towards various pertaining factors including the growth in the use of polyester in textile industry including apparel & home furnishing, increasing population along with rapid industrialization and urbanization, increasing awareness about environmental protection, rising demand for polyester filament in manufacturing of automotive textile, expansion of technical textile industry and its increasing demand in healthcare sector, favorable government policies, positive movement in international prices of the raw materials along with increasing innovation and R&D in the global polyester filament market etc.
The demand for polyester filament in home furnishing and apparel industry will continue to be robust and stronger in the coming years. Additionally, its versatility, relative applicability in large areas, fast-drying and lightweight features, makes it a commonly used material in various industries, which also fuel the growth of market.
Sustainability is marking a number of industry verticals and the market for polyester filament market is no different. It is quite interesting to note here that recycled polyester filament is therefore gaining prominence, especially in the production of furniture and also there is growing demand from the construction industry as these are resistant to alkali attacks, and PFRC finds usage as overlays and in pavement quality concrete. Polyester filament yarns, owing to their non-biodegradable property, are used in cement concrete road works, thereby assisting in the conservation of environment.
Interestingly, the home furnishing industry is taking to this yarn instead of cotton and thereby taking the global polyester filament market worth higher. However, higher prices of yarn can result in increasing demand for cotton which may hamper the growth of this market.
POLYESTER FILAMENT MARKET SEGMENTATION:
Based on Product Type:
Based on Raw Material:
Based on Yarn Type:
Based on End-use Industry:
Based on Dyeing Process:
Based on No. of Twist:
Asia Pacific region dominated the global polyester filament owing to presence of key players, fast-growing textile industries, entry of new players, heavy industrialization and rapid urbanization etc. Moreover, China is said to be a major exporter of polyester filaments, mainly exported to Southeast Asia, North Africa and Western Europe etc. since in 2012, South Korea, Turkey, Argentina and India implemented anti-dumping measures for the local polyester filament products
North America is the fastest growing region as there is a significantl growth and improvements in technology which channelize the growth of the market. North American market, led by the U.S., held the second-largest market share in 2018 and is projected to grow at a rapid pace in the next few years.
Additionally, Europe will be other lucrative regional market with a large demand for modern furniture, made up of recycled material and high disposable income, which will help the markets grow substantially.
FEW KEY PLAYERS IN POLYESTER FILAMENT MARKET:
Timeline Considered for Analysis:
- 2019: Base Year
- 2020: Estimated Year
- 2020 to 2025: Forecast Period
Research Scope and Deliverables
Overview & Executive Summary
Market Drivers, Trends, Challenges and Opportunities
Market Size and Forecast Projections
Macroeconomic Indicators of Various Countries Impacting the Growth of the Market
Extensive Coverage of Industry Players including Recent Product Launches and Market Activities
Porter’s Five Force Analysis
Market Segmentation Analysis:
Industry report analyses the global polyester filament market by the following segments:
- Product Type
- Raw Material
- Yarn Type
- End-use Industry
- Dyeing Process
- No. of Twist
Customization: We also offer customization’s in the industry report as per the company’s specific needs.
Key Questions Answered in the Global Polyester Filament Industry Report
The report offers a comprehensive insight on the Polyester Filament Market share, competitor landscape, market trends, growth, revenue, and key driver’s analysis with coverage of key players, top geographies, product types and end user.
Exhaustive secondary research and in-depth primary interviews with industry experts has been conducted to present qualitative and quantitative insights in the report.
We offer customizations as per client’s specific needs.