Polyester Staple Fiber and Filament Yarns Market Size Worth USD 126.00 Billion 2027| A CAGR of 7.7%

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The market for Polyester Staple Fiber and filament yarns is anticipated to experience a 7.7% growth in terms of value from 2019, reaching a value of USD 126.00 Billion by 2027. This growth is attributed to the increasing utilization of polyester fiber chain across various sectors.

Market Overview The market for Polyester Staple Fiber and filament yarns is anticipated to experience a 7.7% growth in terms of value from 2019, reaching a value of USD 126.00 Billion by 2027. This growth is attributed to the increasing utilization of polyester fiber chain across various sectors. Polyester staple fiber and filament yarns are widely employed in industrial manufacturing and various other applications.

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These materials are used in clothing items like jackets, overcoats, and protective garments. In the realm of residential furnishings, they find extensive use in curtain fabrics, furniture coverings, table and bed linens, wall and floor coverings, as well as pillows and pillow stuffing. The lightweight and quick-drying properties of polyester fiber make it a popular choice in Sportswear, contributing to market growth in the forecast period.

Increased demand from the construction sector is expected to drive market demand. Polyester Fiber Reinforced Concrete (PFRC) is employed in cement concrete pavements. Polyester fibers possess resistance against alkali attacks, making PFRC suitable for overlays and pavement quality concrete. The use of these fibers can lead to up to 10.0% cement savings, which can increase to about 35.0% with the addition of Fly Ash, aiding in environmental conservation.

Furthermore, polyester staple fiber and filament yarns are extensively used in manufacturing furniture, upholstery, residential carpets, and ropes, among other applications.

Key Points Covered in the Report Statistical analysis of polyester staple fiber and filament yarns for different regions and countries from 2016 to 2027. Historical data from 2016 and 2017, with 2018 as the base year, while 2019-2027 are forecasted. Market size estimation accompanied by historic and projected trend analysis. Analysis of various material types and their individual market shares. Estimation of market share for different applications. Overview of regulatory frameworks in each region. Upcoming regional outlook. Status of ongoing developments. Mapping of regional prevalence of polyester staple fiber and filament yarns. Competitive pricing strategies of regional competitors. Gap analysis of demand and supply. Market share assessment of major industry players. Strategic recommendations for new entrants. Market trends including drivers, constraints, opportunities, threats, challenges, investment opportunities, and recommendations. Strategic suggestions for key business segments based on market estimations. Mapping of common trends in competitive landscape. Detailed company profiles including strategies, financials, and recent developments. Synopsis of the Polyester Staple Fiber Filament Yarns Market Trends Polyester fiber accounts for more than 50.0% of global fiber consumption, encompassing both synthetic and natural fibers. In terms of production, the Indian Subcontinent held the second-largest market share in 2018. Global polyester production, including recycling, exceeded 77.0 million tons in 2018. Rising population, rapid industrialization, and urbanization contribute to increased consumption of polyester fiber chain globally. Growing environmental awareness drives demand for recycled polyester staple fibers. Increasing preference for eco-friendly products, like specialty mattresses, is set to boost market demand. The market is fragmented, with a significant threat from new entrants. Reliance Industries Ltd. is a major global integrated producer of polyester yarn and fiber. In January 2020, Toray Industries, Inc. introduced an iteration of the Primeflex™ series - Primeflex PET-recycled type, meeting the demand for sustainability in sportswear.

Highlighted Companies in the Market Study Companies featured in this market study include Tongkun Group Co. Ltd., Shenghong Corp., Xin Feng Ming Group, Reliance Industries Ltd., William Barnet Son LLC, Sarla Performance Fibers, Indorama Ventures Public Company Limited, Polyfibre Industries, Toray Industries Inc., and GreenFiber International SA, among others.

Market Insights The valuation of the polyester staple fiber and filament yarn market was USD 64.10 billion in 2018, with an expected growth to USD 126.00 billion by 2027. Polyester staple fiber held over 30.0% market share in 2018 and is projected to grow at 8.0% in the forecast period. Poly-1, 4-cyclohexylene dimethylene (PCDT) is predicted to grow at 7.1% due to increasing demand for resilience and elasticity in consumer products. Asia Pacific led the market share in 2018 and is projected to grow at 7.9%, primarily due to growth in the textile and construction sectors. China held the highest consumption market share of above 55.0% in 2018, followed by India and the U.S. Europe is anticipated to grow at 6.3% during 2019-2027. Price volatility of raw materials might impact market growth in the future.

Segments Covered in the Report: This report provides revenue growth forecasts at the global, regional, and country levels. The industry trends are analyzed for sub-segments from 2016 to 2027. The global polyester staple fiber and filament yarns market is segmented by type, material, product, application, and region.

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