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What will be the impact of residential applications on polyester fiber market outlook?

Author : Ravi Chawat | Published Date : 2020-08-27 

Global polyester fiber market size has exhibited robust growth due to extensive use of the substances in textile manufacturing. Polyester fiber boasts extreme strength and resistance to wrinkle, abrasion and stain and facilitates quick drying characteristics that make it a viable option towards use in the home textile industry.

They are considered as a suitable alternative to other synthetic fibers and have gained considerable popularity over the years among carpet and apparel manufacturers due to few superior characteristics. They possess high luster, aesthetic appeal, soft-feel and are comparatively lower in cost as compared to nylon, wool, and polypropylene.

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The competitive spectrum of polyester fiber market has experienced a slew of collaborations and acquisitions over the years. Prominent companies include of Nan Ya Plastic Corp., Reliance Industries, William Barnet & Son, Zhejiang Hengsheng Chemical Fiber and Far Eastern New Century Corp, among several others.

How is the increased adoption of PCDT grade influencing the polyester fiber market trends?

PCDT grade polyester fibers have gained widespread traction over the years owing to their superior elasticity and resilience, making them a suitable option in the manufacturing of furnishings and home textiles. Reports estimate that PCDT grade segment is likely to develop at a considerable rate over the years, registering a CAGR of close to 9%.

Improved economic conditions of people across the globe and the need to build a visually appealing home inside out is driving robust expenditure towards home interior solutions. PCDT is also suited for making high-end textiles that are used to revamp home interiors like curtains, drapes, upholstery and furniture covers.

What are the key factors driving hollow polyester fiber industry share globally?

Hollow fibers are widely used as fillers in fiberfill which is further used in the making of quilts, pillows and protective clothing due to their superior resilience and improved bulk. Additionally, there is a consistent demand for winter wears like jackets, coats, and others due to extreme weather conditions in certain parts of the world such as North America and Europe.

Statistically, hollow polyester fiber market size is projected to cross annual valuation of more than USD 30 billion by the end of 2026.

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Why will the evolving home décor sector fuel polyester fiber demand over the years?

Polyester fiber may be easily blended with other fibers to improve strength and durability. Home textile application segment had gained a significant industry share of above 15% in the year 2018. They are extensively used to manufacture home décor and furnishing items like sheets, curtains, rugs, carpets, draperies and wall coverings among others.

Such products require extraordinary durability and strength as they are frequently used in the booming residential sector. An increase in population, rise in construction activities and growing population, particularly in the developing nations, is complementing global polyester fiber market share in the coming years.

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About Author

Ravi Chawat

Ravi Chawat

Ravi Chawat holds a bachelor's degree in Electronics and Telecommunication Engineering. He has worked closely with industry specialists from different segments including chemicals, food and beverages, construction and manufacturing & energy and power. Ravi's article concentrates principally on balancing relevant data but never at the expense of making the content engaging. He believes in giving fair-minded information to guide significant business choices. [email protected] | https://twitter.com/RaviChawat

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