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Polyester Fiber Market to witness remarkable proceeds over 2024, global industry valuation to exceed USD 165 billion by 2024

Author : Rahul Varpe | Published Date : 2019-03-20 

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.

Polyester Fiber Market will likely surpass USD 160 billion by 2024; according to a new research report.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.

To access a sample copy or view the Polyester Fiber Market report in detail along with the table of contents, please click the link below: https://www.gminsights.com/request-sample/detail/2120

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.

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

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