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Polyester Fiber Market is expected to witness momentous gains during 2019 – 2024

Author : Rahul Varpe | Published Date : 2019-10-07 

The Polyester Fiber Market study by Global Market Insights, Inc., is a collation of valuable insights related to market size, market share, profitability margin, growth dynamics and regional proliferation of this business vertical. The study further includes a detailed analysis pertaining to key challenges, growth opportunities and application segments of the 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.

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.

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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.

Polyester Fiber Market by Grade

  • PET Polyester
  • PCDT Polyester

Polyester Fiber Market by Product

  • Solid
  • Hollow

Polyester Fiber Market by Application

  • Carpets & rugs
  • Non-woven fabrics
  • Fiberfill
  • Apparels
  • Home textiles
  • Others

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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.

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.

Read more news - https://www.marketwatch.com/press-release/carbon-fiber-market-global-industry-analysis-growth-trends-and-forecast-2019-2025-2019-10-07 

https://www.marketwatch.com/press-release/stainless-steel-market-overview-2019-innovative-technologies-current-and-future-trends-regional-analysis-forecast-to-2025-2019-10-07

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

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