+1-888-308-5802     
News Contact Us

Polyester Fiber Market is anticipated to cross USD 165 billion by 2024

Author : Rahul Varpe | Published Date : 2019-04-15 

Polyester fiber has wide range of application in infrastructure and building industry which is likely to augment the polyester fiber market over the forecast years. Rising demand from the countries such as US, China and India for superior quality flooring carpet in residential and non- residential building is fostering growth for the polyester fiber market.

Textile industry have several applications of polymers in home textiles, apparels and carpet due to its tear-resistance and firm strength properties. High demand from textile industry by its wide application in mattress, apparels and textile products is likely to boost polyester fiber market in future timeframe.

Request for a sample copy of this report @ https://www.gminsights.com/request-sample/detail/2120

Polyester Fiber Market will likely surpass USD 160 billion by 2024; according to a new research report.  Market is challenged by few of its substitutes products such as cotton, nylon and wool. Although polyester fiber cost-effective and superior properties over its substitute products makes it favorable materials in the textile industry. Rising application of superior and cost-efficient product, to manufacture better quality fabric is likely to drive the market over the forecast timeframe.

The polymers fiber primary raw material is extracted from crude oil, volatile in crude oil prices may fluctuate the prices of polymers. Fluctuation in raw materials price may restrict polyester fiber market growth in the coming years.

Based on grade segment PCDT polyester is applicable for heavier and stronger usage, for example, furniture coverings, draperies and industrial textiles. Growing building activities specially in BRICS nations is positively influencing the furniture sector in the forecast period. Rising furniture demand from these regions is likely to grow polyester fiber market demand over the coming years.

By product the market is categorized into as solid and hollow. This segment is likely to witness growth at CAGR of 7% during the forecast period. Solid products likely to witness a potential growth in overall polyester fiber market due to its wide application in textile and construction industry over the forecast timeframe.

Make an inquiry before buying this report @ https://www.gminsights.com/inquiry-before-buying/2120

The product has wide range of application in carpets, cushioning, furniture covers, curtains and mattresses. Growing population in emerging economies is increasing the need for developed commercial spaces, infrastructure and residential complexes which is further augmenting the demand for home furnishing products. The global polyester fiber market is positively influenced through these factors by its widespread application in home furnishing, carpets and textiles materials which is likely to grow the segment at 6% CAGR over the forecast timeframe.

Asia Pacific have 80% share of total polyester fiber market and is likely to grow in the forecast period. Europe along with North America will witness sluggish growth due to shift in consumer trends towards application of organic fabrics in apparels and home textiles products.

Prominent players dominating the polyester fiber market are Reliance, Sarla Performance, Toray, Markische Faser, William Barnet, Stein Fibers, GreenFiber, Kayavlon Impex, Silon, Nirmal, Polyfibre, Swicofil, Diyou, and Indorama Ventures and Renga Polymers.

About Author

Rahul Varpe

Rahul Varpe

Rahul Varpe currently writes for fractovia. A communication Engineering graduate by education, Rahul started his journey in as a freelancer writer along with regular jobs. Rahul has a prior experience in writing as well as marketing of services and products online. Apart from being an avid reader, his other hobbies include music and sketching. He can be contacted at- [email protected] | https://twitter.com/varperahul

Related News

Printed Cartons Market Report 2019- Study By Application, Products And Material 2024

Published Date: 2019-04-25         Author: Rahul Varpe

The Printed Cartons Market research report also explores future trends for supply, demand and market growth rate, market size, prices, trading, competition and value chain as well as Key Players of the Glucose Sensors industry’s information with forecast from 2019 to 2024. Speaking of the g... Read More

Polystyrene & Expanded Polystyrene Market report 2019 by regional revenue, growth & trends analysis 2024

Published Date: 2019-04-25         Author: Rahul Varpe

Videolar-Innova, one of the most renowned players in polystyrene and expanded polystyrene market, has recently expanded its monomer manufacturing capacity in Rio Grande do Sul state, Brazil. Reportedly, the company has increased its production capacity from 260,000 tons to 420,000 tons on an annual ... Read More

Synthetic And Bio Emulsion Polymers Market 2019 Regional Growth Factors, Trends & Analysis Of Leading Players By 2024

Published Date: 2019-04-25         Author: Rahul Varpe

Synthetic and bio emulsion polymers market has been gaining remarkable traction in recent years, on account of the fact that these products are extensively deployed in the paint & coatings and paper & paperboard coatings sectors. Paints and coatings, as is distinctly known, are hugely demand... Read More

© 2019 Fractovia. All Rights Reserved