According to a new report, published by KBV research, The Global Polyester Fiber Market size is expected to reach $153.5 billion by 2030, rising at a market growth of 7.5% CAGR during the forecast period. In the year 2022, the market attained a volume of 70,195.3 kilo tonnes, experiencing a growth of 6.7% (2019-2022).
The Solid segment is generating the maximum revenue in the Global Polyester Fiber Market, By Form in 2022; thereby, achieving a market value of $108.7 billion by 2030. Solid polyester fiber receives extensive application in spinning and blending processes involving viscose, cotton, linen, wool, and textiles. It also produces carpet yarn, geotextiles, and various non-woven materials utilized in agricultural applications and moisture insulation. Solid polyester fiber is increasingly utilized in swimwear, athletic equipment, and fashion apparel due to its remarkable resistance to stains and wrinkles. Unlike many other natural fibers, it is extremely durable and resistant to available wear and tear.
The PCDT Polyester segment is experiencing a CAGR of 9.3% during (2023 - 2030). PCDT polyester fibers are known for their inherent strength and durability. The molecular structure of PCDT polyester provides robust mechanical belongings, making it appropriate for applications where stability and durability are critical, such as in technical textiles and industrial applications. PCDT polyester fibers exhibit excellent resilience, meaning they can withstand repeated stretching and recover their original shape. This property is mainly advantageous in applications where materials are needed to maintain their form and structure, such as producing high-performance fabrics and garments.
The Polyester Staple Fiber (PSF) segment is leading the Global Polyester Fiber Market, By Product Type in 2022; thereby, achieving a market value of $98.7 billion by 2030. Polyester staple fibers can be dyed in various colors and exhibit good color fastness. This means the colors do not fade easily, even after repeated washings or exposure to sunlight. This makes polyester staple fiber suitable for vibrant and long-lasting textiles. Polyester staple fibers have low moisture absorbency, allowing them to dry quickly.
The Automotive & Transportation segment is registering a CAGR of 8.6% during (2023 - 2030). Polyester fibers' lightweight and high-strength characteristics make them suitable for producing airbag fabrics. Airbags often use polyester fabrics as the base material because they can withstand the forces generated during deployment. Polyester fibers are commonly used to produce seat belts and safety restraints. The high tensile strength of polyester contributes to the reliability and safety of these critical components. Headliners and sun visors in vehicles often incorporate polyester fibers. The fibers contribute to the structural integrity of these components, providing durability and a smooth surface finish. Additionally, headliner polyester fabrics are chosen for their resistance to sagging and stretching.
Full Report: https://www.kbvresearch.com/polyester-fiber-market/
The Asia Pacific region dominated the Global Polyester Fiber Market, By Region in 2022, and would continue to be a dominant market till 2030; thereby, achieving a market value of $64.7 billion by 2030. The Europe region is anticipating a CAGR of 6.8% during (2023 - 2030). Additionally, The North America region would exhibit a CAGR of 7.3% during (2023 - 2030).
By Form (Volume, Kilo Tonnes, USD Billion, 2019-2030)
By Grade (Volume, Kilo Tonnes, USD Billion, 2019-2030)
By Product Type (Volume, Kilo Tonnes, USD Billion, 2019-2030)
By Application (Volume, Kilo Tonnes, USD Billion, 2019-2030)
By Geography (Volume, Kilo Tonnes, USD Billion, 2019-2030)
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