Global Polyester Fiber Market is Expected to Reach USD 110.86 Billion in 2019
Transparency Market Research has published a new report titled “Polyester Fiber Market - Global Industry Analysis, Size, Share, Growth, Trends and Forecast, 2013 - 2019” to their report store.
Polyethylene terephthalate (PET), when used in the form of fibers and filaments, is known as polyester. Polyester fibers are used in a wide range of applications such as carpets, rugs, fiberfill, and nonwoven fabrics. Polyester fibers are also used in industrial applications, home textiles and apparel. Other applications of polyester fibers include industrial, home textiles and apparels. Purified terephthalic acid (PTA) and monoethylene glycol (MEG) are the primary raw materials used in the manufacture of polyester fiber. The demand for polyester fiber is expected to increase tremendously owing to technological advancements that have enabled the production of thinner filaments. This gives polyester fiber a silky smooth feel and improved color-holding (dope dyeing) capabilities. Rising disposable incomes coupled with changing lifestyles will likely drive the home furnishings market; carpets and rugs account for a notable share of the market. Additionally, consumers’ focus on enhancing interiors, especially in commercial and corporate environments, is likely to boost demand for wall-to-wall carpets and in turn the polyester fiber market. Increased construction of both residential and commercial spaces is expected to be a vital factor driving the demand for carpets and rugs. The growth of the carpet industry is anticipated to be in tandem with the increase in construction activities.
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The report forecasts and analyzes the polyester fiber market on a global and regional level. The forecast demand on the global level is based on volume (kilo tons) and revenue (USD million) for the period ranging from 2013 to 2019. The study outlines drivers and restraints of the polyester market and their impact on market growth during the mentioned time period. In addition, the study includes opportunities available for the market on a regional and global level and their effect during the said forecast period.
For a better understanding of the polyester fiber market, we have performed a detailed analysis of the value chain. Moreover, an analysis using Porter’s five forces model renders a better understanding of the intensity of competition in the market. The study comprises a market attractiveness analysis, where key applications are benchmarked based on their market size, growth rate, and general attractiveness.
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The report covers a detailed competitive outlook including the market share and company profiles of the key participants operating in the global market. Key players profiled in the report include Alpek S.A.B de C.V, Far Eastern New Century Corporation, Indorama Ventures Public Company Limited, Jiangsu Sanfangxiang Group, Mossi Ghisolfi Group, Nan Ya Plastics Corporation, Reliance Industries Limited, Sinopec Yizheng Chemical Fibre Company Limited, Tongkun Group, Zhejiang Hengsheng Chemical Fiber Co., Ltd and Zhejiang Hengyi Group Co. Ltd. Company profiles include attributes such as company overview, financial overview, business strategy, SWOT analysis and recent developments. The growing demand for nonwoven materials and products across various industries such as manufacturing, household, electronics, hospitality and automotives is also expected to augment the demand for polyester fibers. Furthermore, a growing demand for mattresses, coupled with technological advancement, is expected to fuel the demand for hollow fibers. A rise in construction activities is expected to be one of the primary factors driving the demand for polyester fibers, given that residential and commercial flooring solutions are dominated by the carpets and rugs sector.
For the purpose of this study, the polyester fiber market is segmented based on applications and geography. Application segments have been analyzed and forecasted based on current trends at the global and regional levels for the period between 2013 and 2019. Geographically, the market has been segmented into North America, Europe, Asia Pacific, Middle East and North Africa (MENA) and Rest of the World. Analyses and forecasts are based on current trends, and range over 2013 - 2019.