Fact.MR’s latest research on the global polyester yarn market provides a detailed analysis of various drivers, trends and opportunities from 2022 to 2032. In addition, it details types, yarn types, dyeing processes and regions.
The global polyester filament yarn market is expected to grow at a CAGR of 5.1% between 2022 and 2032 from $106 billion in 2022 to US$174.7 billion in 2032.
Demand for polyester yarns is growing rapidly worldwide and is estimated to account for about 11.7% of the global textile industry by 2022. Manufacturers use advanced production methods to increase the efficiency of polyester yarns and increase production.
As a result of complying with environmental standards, manufacturers are creating advanced environmentally friendly technologies such as polyester recycling, which can ultimately make it easier to comply with regulations. The company is working to develop improved technologies for the production of polyester yarns for various applications in various end-use areas.
Advances in polyester filament formulations have resulted in higher consumption resulting in increased productivity. The superior qualities of polyester, including stiffness, flexibility and low cost, have contributed to the expansion of the polyester yarn market in the past.
Polyester yarns are used in a variety of industries including textile, automotive and healthcare. Manufacturers prefer polyester thread for protective clothing fabrics because of its superior properties.
The use of dyed polyester in the automotive and textile industries has led to a significant increase in demand for polyester yarns, which has contributed to the overall growth of the market.
The United States is the world’s third largest textile producer after China and India. In terms of polyester fibers, the country produced about 1.3 million tons in 2021, up nearly 10% from the previous year.
The increase in production is associated with a recovery in demand, which requires sufficient supply to fill the deficit. Although the country also exports polyester fibres, growth in the overall polyester yarn market in the US is mainly due to increased domestic consumption.
Tier 3 players account for more than 40% of the polyester yarn market. Tier 3 players have a large market share. At the same time, Tier 1 and Tier 2 players are forming strategic alliances and seeking M&A to strengthen their global position.
The Asia-Pacific region, which includes Thailand, China, Japan and India, is home to the majority of Tier 3 enterprises.
Polyester yarns are increasingly being exported to Europe from the Asia-Pacific region, while synthetic fibers are most commonly used in clothing.
In the Asia-Pacific region, the focus is on companies developing innovative apparel and home textiles with unique features.
Fact.MR conducted an objective analysis of the polyester filament yarn market, providing forecast statistics for the period (2022-2032). The study reveals compelling information about the global polyester filament yarn market with detailed segmentation based on:
Analysis of the carbon fiber filament market. Technological advances, growing demand from end-user industries, and the benefits provided by carbon fiber filaments are some of the factors driving the market forward during the forecast period.
The scale of the PEEK thread market. Demand for PEEK filament is expected to increase due to the lightness of PEEK filament and its ability to improve the performance of electronic devices in vehicles. The automotive and medical industries are expected to grow rapidly in the global PEEK filament market.
Biobased polyester market forecast. Factors such as the rising cost of cotton, the growth of global GDP, rapid urbanization, population growth, the growth of automobile production and the growing demand for PET packaging will contribute to the expansion of the bio-based polyester market.
Market trends for thermoplastic copolyester elastomers. The market for thermoplastic copolyester elastomers is expected to follow the same general trends as the automotive industry. The auto industry has been around for several years, making a comeback in the US and stabilizing sales in China and India.
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Post time: Oct-27-2022