Polyester Filament Market Is Estimated At USD 106 Billion In 2022 And Is Forecast To Reach USD 174.7 Billion By 2032

The global polyester filament market is estimated at USD 106 billion in 2022 and is forecast to reach USD 174.7 billion by 2032, growing at a CAGR of 5.1% from 2022 to 2032.

Demand for polyester filament is increasing rapidly across the globe which is expected to generate a market valuation around 11.7% of global textile market by 2022 end. Manufacturers are employing advanced manufacturing technologies in order to enhance the efficiency of polyester filament and increase production.

However, by following environmental regulations, manufacturers are developing advanced green technologies like polyester recycling, which can ultimately improve the ease of compliance with regulations. By targeting niche applications across range of end-use industries, companies are focusing on developing more advanced polyester filament manufacturing technology.

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The market study done by Fact.MR gives exclusive information about how the market will grow. The study identifies crucial trends that are determining the growth of Drawn Texture Filament market. This newly published report sheds light on vital dynamics, such as the drivers, restraints, and opportunities for key market players as well as emerging players associated with the production and supply. The latest report by Fact.MR provides detailed Market Analysis of Drawn Texture Filament

The polyester filament market is likely to witness a revenue generation surpassing US$ 87,000 million by 2018 end. A significant growth in the use of polyester in textile industry including apparel and home furnishing and growing demand for polyester filament in manufacturing of automotive textile are some of the prominent factors driving the polyester filament market revenues.

This newly published and insightful report sheds light on Market Insights of Drawn Texture Filament, key dynamics, their impact on the overall value chain from suppliers to end-users and Growth of Drawn Texture Filament Market.

Fact.MR study opines that the fully drawn polyester filament sales are likely to outsell other types of polyester filaments. Continued preference for fully drawn yarn used in production of textiles and fabrics for high-end sportswear, undergarments, and home textiles are driving the significant growth of fully drawn yarn in polyester filament market.

The demand for both drawn texture yarn and fully drawn yarn is growing in the textile industry. However, with the development of post-treatment technology and lower cost of fully drawn yarn, it is likely to outsell drawn texture yarn over the next few years.

Polyester fully drawn yarn sales are also expected to remain high in polyester embroidery thread manufacturing widely used in sewing. India, China, Thailand, and Malaysia are the leading manufacturers and exporters of fully drawn yarn across various countries.

Textile Industry Accounts for Over 60% of Revenue Share in Polyester Filament Market The demand for polyester filament in textile industry is expected to witness healthy growth. The textile industry is creating strong demand for polyester filaments which have the ability to substitute cotton yarns to some extent. With cotton yarn prices at relatively higher levels, the demand and sales of polyester filament yarn is constantly rising.

The report opines that broader gains in a range of end-use industries will increase the proportion of polyester filament yarn used in the products with an aim to control cost.

In recent years, there has been huge demand for polyester filament in medical textile covering a wide range of products including surgical gowns, diapers and products for internal uses like surgical procedures. The demand is likely to continue in the years to come.

With textile, apparel, retail, and fashion industries moving towards sustainability, the area of interest in recycled polyester filament yarn in production of new products is rising. In addition to technological developments in apparel and textile manufacturing, polyester filament manufacturers are constantly focusing on producing recycled polyester filaments to meet the growing demand.

APEJ to Remain at the Pole Position in Polyester Filament Market According to the Fact.MR study, APEJ will be the most lucrative market for polyester filaments. The demand is expected to surpass US$ 14,000,000 tons by 2018-end. China, India, Indonesia, and Thailand are the major countries in APEJ dealing in polyester filament market. Polyester and nylon fiber manufacturers in Asia Pacific have also increased the prices with the rise in crude oil prices and growing demand for synthetic fibers.

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Historical and Forecast Analysis of Polyester Filament Market (2017-2032)
Historically, the market value of the polyester filament showed a growth of 3.9% CAGR from 2017 to 2021. The global polyester filament market has generated an absolute dollar opportunity of around USD 20.8 billion throughout the historical period of 2017 to 2021.
Moreover, global polyester filament market revenue largely contributed by the North America and had grown at a CAGR of 2.8% from 2017 to 2021. The region had generated revenue of USD 28.3 billion in 2021.
Below are some of the points in the polyester filament acid market:
• South Asian & Oceania polyester filament market is the rapidly evolving which is holding around one-fifth of the global market shares. India is likely to grow at a CAGR of 6.7% and proliferate overall regional demand.
• Europe polyester filament market had shown a growth of 2.9% CAGR and acquired around one-sixth of the global market share in 2021. Germany was largest contributor to the polyester filament sales in Europe and continued to hold nearly one-third of the regional market share since 2017.
• North America hold over one-fourth of the global polyester filament consumption and anticipated open tremendous growth opportunities in near future.
• Cord yarn, a yarn type, is the largest market shareholder which had acquired more than 55% market share in 2021 and estimated to show significant growth in near future.
• The dyed process is largely adopted dying process owing to its numerous cost and operational benefits. The process had acquired around 90% market shares in the global polyester filament market in 2021 and estimated to show significant growth over the forecast period and expected to generate absolute dollar opportunities of USD 63 billion by 2032.
• From the segmental perspective, ply yarn, a yarn type, has acquired one-third market share in the global polyester filament market with a growth of 4.3% CAGR. It has generated absolute dollar opportunities of USD 3.2 billion amid 2017 & 2021.

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