Europe Polyester Fiber Market Size, Share & Trends Analysis Report By Form (Solid, and Hollow), By Grade, By Product Type (Polyester Staple Fiber (PSF), and Polyester Filament Yarn (PFY)), By Application, By Country and Growth Forecast, 2023 - 2030
The Europe Polyester Fiber Market would witness market growth of 6.8% CAGR during the forecast period (2023-2030). In the year 2020, the Europe market's volume surged to 11,062.8 kilo tonnes, showcasing a growth of 6.2% (2019-2022).
Numerous producers prioritize the production of recycled polyester fiber as a means of environmental protection. As an illustration, Freudenberg Performance Materials employs an ecologically sustainable manufacturing process to fabricate automobile carpets from recycled PET. Furthermore, implementing recycled fiber has led to a decrease in the application of chemical binders and the production of lighter automobile carpets compared to conventional carpets; these developments promote environmental protection.
Polyester fibers have become a staple in the apparel industry, finding applications in manufacturing clothing, sportswear, and outerwear. The inherent properties of polyester, including durability, wrinkle resistance, and ease of care, make it an ideal choice for fashion designers and consumers. The market's growth is further fueled by the increasing demand for athleisure wear and the trend towards sustainable and eco-friendly fashion, with recycled polyester gaining prominence. Polyester fibers, including bed linens, curtains, carpets, and upholstery, are extensively used in home textiles. The material's resistance to stains and fading and its ability to maintain shape contribute to its popularity in home furnishings. Moreover, technological advances have led to the growth of high-performance polyester fibers that meet the stringent requirements of the modern consumer.
The International Trade Administration reports that Internet purchasing is more prevalent in the United Kingdom than in any other nation. Customer e-commerce accounted for 30% of the UK's total retail sector, up from 20% in 2020, and generated over $120 billion annually. In 2021, 82% of the UK purchased at least one product online. Polyester fibers are employed in shipping envelopes and mailers used by e-commerce companies. The growth of online retail leads to an increased requirement for lightweight and durable packaging solutions. Due to the aforementioned factors the market growth will drive in this region.
The Germany market dominated the Europe Polyester Fiber Market, By Country in 2022, and would continue to be a dominant market till 2030; thereby, achieving a market value of $8,645.9 million by 2030. The UK market is registering a CAGR of 5.9% during (2023 - 2030). Additionally, The France market would showcase a CAGR of 7.6% during (2023 - 2030).
Based on Form, the market is segmented into Solid, and Hollow. Based on Grade, the market is segmented into PET Polyester, and PCDT Polyester. Based on Product Type, the market is segmented into Polyester Staple Fiber (PSF), and Polyester Filament Yarn (PFY). Based on Application, the market is segmented into Textile & Apparel, Automotive & Transportation, Home Furnishing, Industrial, and Others. Based on countries, the market is segmented into Germany, UK, France, Russia, Spain, Italy, and Rest of Europe.
List of Key Companies Profiled
- Reliance Industries Limited
- Toray Industries, Inc.
- Sinopec Group (China Petrochemical Corporation)
- The Bombay Dyeing & Manufacturing Company Ltd. (Wadia Group)
- Indorama Ventures Public Company Limited (Indorama Resources Ltd.)
- Green Group SA.
- W. R. Grace & Co. (Standard Industries)
- Markische Faser GmbH
- Stein Fibers Ltd.
- Nan Ya Plastics Corp. (NPC)
By Form (Volume, Kilo Tonnes, USD Billion, 2019-2030)
- Solid
- Hollow
- PET Polyester
- PCDT Polyester
- Polyester Staple Fiber (PSF)
- Polyester Filament Yarn (PFY)
- Textile & Apparel
- Automotive & Transportation
- Home Furnishing
- Industrial
- Others
- Germany
- UK
- France
- Russia
- Spain
- Italy
- Rest of Europe
- Chapter 1. Market Scope & Methodology
- 1.1 Market Definition
- 1.2 Objectives
- 1.3 Market Scope
- 1.4 Segmentation
- 1.4.1 Europe Polyester Fiber Market, by Form
- 1.4.2 Europe Polyester Fiber Market, by Grade
- 1.4.3 Europe Polyester Fiber Market, by Product Type
- 1.4.4 Europe Polyester Fiber Market, by Application
- 1.4.5 Europe Polyester Fiber Market, by Country
- 1.5 Methodology for the research
- Chapter 2. Market at a Glance
- 2.1 Key Highlights
- Chapter 3. Market Overview
- 3.1 Introduction
- 3.1.1 Overview
- 3.1.1.1 Market Composition and Scenario
- 3.2 Key Factors Impacting the Market
- 3.2.1 Market Drivers
- 3.2.2 Market Opportunities
- 3.2.3 Market Restraints
- 3.2.4 Market Challenges
- 3.3 Porter Five Forces Analysis
- Chapter 4. Europe Polyester Fiber Market, By Form
- 4.1 Europe Solid Market, By Country
- 4.2 Europe Hollow Market, By Country
- Chapter 5. Europe Polyester Fiber Market, By Grade
- 5.1 Europe PET Polyester Market, By Country
- 5.2 Europe PCDT Polyester Market, By Country
- Chapter 6. Europe Polyester Fiber Market, By Product Type
- 6.1 Europe Polyester Staple Fiber (PSF) Market, By Country
- 6.2 Europe Polyester Filament Yarn (PFY) Market, By Country
- Chapter 7. Europe Polyester Fiber Market, By Application
- 7.1 Europe Textile & Apparel Market, By Country
- 7.2 Europe Automotive & Transportation Market, By Country
- 7.3 Europe Home Furnishing Market, By Country
- 7.4 Europe Industrial Market, By Country
- 7.5 Europe Others Market, By Country
- Chapter 8. Europe Polyester Fiber Market, By Country
- 8.1 Germany Polyester Fiber Market
- 8.1.1 Germany Polyester Fiber Market, By Form
- 8.1.2 Germany Polyester Fiber Market, By Grade
- 8.1.3 Germany Polyester Fiber Market, By Product Type
- 8.1.4 Germany Polyester Fiber Market, By Application
- 8.2 UK Polyester Fiber Market
- 8.2.1 UK Polyester Fiber Market, By Form
- 8.2.2 UK Polyester Fiber Market, By Grade
- 8.2.3 UK Polyester Fiber Market, By Product Type
- 8.2.4 UK Polyester Fiber Market, By Application
- 8.3 France Polyester Fiber Market
- 8.3.1 France Polyester Fiber Market, By Form
- 8.3.2 France Polyester Fiber Market, By Grade
- 8.3.3 France Polyester Fiber Market, By Product Type
- 8.3.4 France Polyester Fiber Market, By Application
- 8.4 Russia Polyester Fiber Market
- 8.4.1 Russia Polyester Fiber Market, By Form
- 8.4.2 Russia Polyester Fiber Market, By Grade
- 8.4.3 Russia Polyester Fiber Market, By Product Type
- 8.4.4 Russia Polyester Fiber Market, By Application
- 8.5 Spain Polyester Fiber Market
- 8.5.1 Spain Polyester Fiber Market, By Form
- 8.5.2 Spain Polyester Fiber Market, By Grade
- 8.5.3 Spain Polyester Fiber Market, By Product Type
- 8.5.4 Spain Polyester Fiber Market, By Application
- 8.6 Italy Polyester Fiber Market
- 8.6.1 Italy Polyester Fiber Market, By Form
- 8.6.2 Italy Polyester Fiber Market, By Grade
- 8.6.3 Italy Polyester Fiber Market, By Product Type
- 8.6.4 Italy Polyester Fiber Market, By Application
- 8.7 Rest of Europe Polyester Fiber Market
- 8.7.1 Rest of Europe Polyester Fiber Market, By Form
- 8.7.2 Rest of Europe Polyester Fiber Market, By Grade
- 8.7.3 Rest of Europe Polyester Fiber Market, By Product Type
- 8.7.4 Rest of Europe Polyester Fiber Market, By Application
- Chapter 9. Company Profiles
- 9.1 Reliance Industries Limited
- 9.1.1 Company Overview
- 9.1.2 Financial Analysis
- 9.1.3 Segmental Analysis
- 9.1.4 Research & Development Expenses
- 9.1.5 Recent strategies and developments:
- 9.1.5.1 Acquisition and Mergers:
- 9.1.6 SWOT Analysis
- 9.2 Toray Industries, Inc.
- 9.2.1 Company Overview
- 9.2.2 Financial Analysis
- 9.2.3 Segmental and Regional Analysis
- 9.2.4 Research & Development Expense
- 9.2.5 SWOT Analysis
- 9.3 Sinopec Group (China Petrochemical Corporation)
- 9.3.1 Company Overview
- 9.3.2 Financial Analysis
- 9.3.3 Research & Development Expenses
- 9.3.4 SWOT Analysis
- 9.4 The Bombay Dyeing & Manufacturing Company Ltd. (Wadia Group)
- 9.4.1 Company Overview
- 9.4.2 Financial Analysis
- 9.4.3 Segmental and Regional Analysis
- 9.4.4 SWOT Analysis
- 9.5 Indorama Ventures Public Company Limited (Indorama Resources Ltd.)
- 9.5.1 Company Overview
- 9.5.2 Financial Analysis
- 9.5.3 Recent strategies and developments:
- 9.5.3.1 Partnerships, Collaborations, and Agreements:
- 9.5.3.2 Acquisition and Mergers:
- 9.5.4 SWOT Analysis
- 9.6 Green Group SA.
- 9.6.1 Company Overview
- 9.6.2 Recent strategies and developments:
- 9.6.2.1 Acquisition and Mergers:
- 9.6.3 SWOT Analysis
- 9.7 W. R. Grace & Co. (Standard Industries)
- 9.7.1 Company Overview
- 9.7.2 SWOT Analysis
- 9.8 Märkische Faser GmbH
- 9.8.1 Company Overview
- 9.8.2 SWOT Analysis
- 9.9 Stein Fibers Ltd.
- 9.9.1 Company Overview
- 9.9.2 Recent strategies and developments:
- 9.9.2.1 Acquisition and Mergers:
- 9.9.3 SWOT Analysis
- 9.10. Nan Ya Plastics Corp. (NPC)
- 9.10.1 Company Overview
- 9.10.2 Financial Analysis
- 9.10.3 Segmental and Regional Analysis
- 9.10.4 SWOT Analysis
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