Global Polyester Fiber Market Research Report 2023-Competitive Analysis, Status and Outlook by Type, Downstream Industry, and Geography, Forecast to 2029

Global Polyester Fiber Market Research Report 2023-Competitive Analysis, Status and Outlook by Type, Downstream Industry, and Geography, Forecast to 2029

Polyesters Fiber are a class of polymers that contain ester functional groups in their backbone. Although there are many types of polyester, the term polyester generally refers to polyethylene terephthalate. Polyester fiber is a kind of linear high molecular polymer prepared by polycondensation reaction between saturated dibasic acid and diol.

Market Overview:

The latest research study on the global Polyester Fiber market finds that the global Polyester Fiber market reached a value of USD 61216.04 million in 2022. It’s expected that the market will achieve USD 65407.86 million by 2028, exhibiting a CAGR of 1.11% during the forecast period.

The impact of COVID-19 on the industrial chain

The downstream of the polyester fiber industry chain is greatly affected by COVID-19. The upstream is less affected. At the same time, small enterprises are under greater pressure on the capital chain and need to reduce production and load. The upper and middle reaches are dominated by continuous production enterprises, and the downstream weaving links are labor-intensive and restricted by the logistics links. Due to the closure of logistics companies in many places, the inventory backlog of polyester fiber companies has put pressure on inventory expansion. Downstream demand has also been affected, because textile and apparel companies have reduced orders.

Long-term impact

After COVID-19 is over, the application of polyester fiber in clothing and home textiles will create a lot of opportunities during and after COVID-19. This end-use vertical market demand will pave the way for a strong recovery in the polyester fiber industry. In the long run, if a polyester fiber company wants to survive, it must have its own core competitiveness, such as products, channels, marketing, management, technology, and cost advantages.

Region Overview:

In global comparison, a significant portion of the revenue was generated in Asia Pacific (85% in 2021).

Company Overview:

TongKun Group, Hengyi Petrochemical, Xinfengming Group, Hengli Petrochemical and Jiangsu Eastern Shenghong are the five key players in the global Polyester Fiber market. These companies have shown consistent growth in revenue, larger volumes of sales and a prominent presence in terms of share in the global Polyester Fiber market in the past 5 years.

TongKun Group

TongKun Group Co., Ltd is a listed joint-stock company with large-scale which mainly produces PTA, polyester and polyester fiber, located in hangjiahu plain hinterland Tongxiang city. Tongkun brand products sells very well in domestic and export to South America, Europe, Middle East, South Africa, South Korea, and Vietnam more than 60 countries.

Hengyi Petrochemical

Hengyi Petrochemical is the world's leading manufacturer of purified terephthalic acid (PTA) and polyester fibers. Hengyi Petrochemical is the first company in China that has mastered large-capacity direct spinning technology and two-million-ton PTA production technology.

Segmentation Overview:

By type, Polyester Filament segment accounted for the largest share of market in 2021.

Polyester Staple Fiber

Polyester Staple fiber is a synthetic man-made fiber made directly from purified terephthalic acid (PTA) & monoethylene glycol (MEG) or polyethylene terephthalate (PET) /Polyester waste or from recycled post consumed PET bottle flakes. The growing usage of polyester stable fiber in making sportswear, active wear, and intimate wear is stimulating the demand of polyester staple fiber in apparels segment and thus, propelling its market.

Polyester Filament

Polyester filament is a long filament made of polyester material. Polyester filaments are used as clothing fibers, and their fabrics can achieve a wrinkle-free and non-ironing effect after washing. They are widely used in various clothing and decorative materials. In industry, polyester filament can be used for conveyor belts, tents, canvas, cables, fishing nets, etc., especially polyester cord used for tires, which is close to nylon in performance.

Application Overview:

The market's largest segment by application is the segment Apparel, with a market share of 54.24% in 2021.

Key Companies in the global Polyester Fiber market covered in Chapter 3:

Rongsheng Petrochemical
Sinopec Yizheng Chemical Fibre
Jiangsu Eastern Shenghong
TongKun Group
Nan Ya Plastics
Hengyi Petrochemical
Reliance
Sanfame Group
Zhejiang Southeast Space Frame
Hengli Petrochemical
Far Eastern New Century
Zhejiang Tiansheng Holding Group
Alpek
Toray
Billion Industrial Holdings Limited
Indorama Ventures
Xinfengming Group

In Chapter 4 and Chapter 14.2, on the basis of types, the Polyester Fiber market from 2018 to 2029 is primarily split into:

Polyester Staple Fiber
Polyester Filament

In Chapter 5 and Chapter 14.3, on the basis of Downstream Industry, the Polyester Fiber market from 2018 to 2029 covers:

Apparel
Household
Industrial

Geographically, the detailed analysis of consumption, revenue, market share and growth rate, historic and forecast (2018-2029) of the following regions are covered in Chapter 8 to Chapter 14:

North America (United States, Canada)
Europe (Germany, UK, France, Italy, Spain, Russia, Netherlands, Turkey, Switzerland, Sweden)
Asia Pacific (China, Japan, South Korea, Australia, India, Indonesia, Philippines, Malaysia)
Latin America (Brazil, Mexico, Argentina)
Middle East & Africa (Saudi Arabia, UAE, Egypt, South Africa)