USD 103.4 billion
Polyester Fiber Market Size, Share, and Growth Analysis
Polyester Fiber Market By Product Type (Polyester Filament Yarn, Polyester Staple Fiber), By Grade (PET Polyester Fiber, PCDT Polyester Fiber), By Form (Solid, Hollow), By Automation, By Region - Industry Forecast 2025-2032
Report ID:
SQMIG15A2513 |
Region:
Global |
Published Date: February, 2025
Pages:
194
|Tables:
144
|Figures:
72
Format -
Polyester Fiber Market Insights
Global Polyester Fiber Market size was valued at USD 103.4 billion in 2023 and is poised to grow from USD 111.57 billion in 2024 to USD 204.98 billion by 2032, growing at a CAGR of 7.9% during the forecast period (2025-2032).
Growing expansion of the fashion and textile industry, high demand for blended fabrics, adoption of polyester fiber in automotive applications, and booming fast fashion and e-commerce popularity are expected to create new opportunities for polyester fiber suppliers going forward.
The rapid expansion of the textile and fashion industry on the back of growing urbanization is slated to primarily drive the sales of polyester fiber. Polyester fiber is widely used in apparel, home textiles, and industrial fabrics due to its durability, affordability, and resistance to wrinkles and shrinkage. Increasing e-commerce penetration around the world coupled with boom in fast fashion is also expected to offer new business scope for market players. Fast fashion brands prefer polyester due to its low cost, ease of production, and ability to meet the rapid turnover of fashion trends. As per Textile Exchange’s Materials Market Report, polyester fiber accounted for around 57% of the global fiber production of 124 tonnes in the year 2023.
Surging automotive production activity is expected to favor the global polyester fiber market growth through 2032, Use of polyester fiber in automotive interiors, seatbelts, tire cords, and insulation materials is offering new revenue generation potential for polyester fiber suppliers. Growing disposable income of people, evolving consumer preferences, and advancements in polyester recycling technologies are also slated to supplement polyester fiber market development going forward.
High popularity and demand for blended fabrics is also anticipated to increase the sales of polyester fiber. Blended fabrics offer improved properties such as better moisture resistance, elasticity, and durability, making them highly desirable for clothing and upholstery applications. On the contrary, environmental concerns regarding microplastic pollution, consumer shift towards sustainable fashion, competition from bio-based and natural fibers, and high recycling and processing costs are predicted to slow down the global polyester fiber industry growth potential across the study period and beyond.
Key Market Attributes
In November 2024, Kvadrat, a leading Danish textile company announced the launch of its first recycled polyester textile. The new product was developed in collaboration with Teruhiro Yanagihara, a renowned designer. The company claims Ame to be the first textile-to-textile recycled polyester thereby making it an elemental step towards closing the loop of fabrics within the textile lifecycle. Kvadrat used depolymerisation, a chemical recycling process to create polyester chips that are then spun into yarns to make new textiles.
Almost all polyester fiber companies are focusing on incorporating sustainability in their business models or products to keep up with the rising eco-consciousness among consumers around the world. Innovations in recycling technologies and collaborations for product innovation are also expected to offer new business scope for polyester fiber suppliers in the long run.
In August 2024, UNIFI Inc., a renowned supplier of high-performance textiles announced the launch of two new products made using the company’s proprietary Textile Takeback™ process. Through this new launch, UNIFI made its circular REPREVE® offering the largest portfolio of regenerated performance polyester in the world. circular REPREVE filament yarn and ThermaLoop were the newly launched products.
In July 2024, Goldwin, Mitsubishi Corporation, Chiyoda Corporation, SK geo centric, Indorama Ventures, India Glycols, and Neste came together to form a consortium for the launch of the world’s first supply chain for sustainable polyester fiber. Neste will provide renewable Neste RE™ as one of the required ingredients for polyester production. These companies are applying a mass balancing approach to ensure credible traceability of material streams throughout the supply chain to contribute to a more sustainable future.
In February 2024, Intimiti Australia, a leading provider of compostable and biodegradable polyester from Australia announced the launch of a new newly engineered compostable polyester fiber made from recycled polyester. Celys is 95.4% compostable and feels similar to cotton fiber whilst being able to be produced at a lower temperature than regular polyester. The new compostable polyester fiber can degrade in the environment in 179 days.
Market snapshot - 2025-2032
Global Market Size
Largest Segment
Polyester Staple Fiber (PSF)
Fastest Growth
Polyester Filament Yarn (PFY)
Growth Rate
7.9% CAGR
Global Polyester Fiber Market ($ Bn)
Country Share for Asia Pacific Region (%)
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Polyester Fiber Market Segments Analysis
Global Polyester Fiber Market is segmented by Product Type, Grade, Form, Automation and region. Based on Product Type, the market is segmented into Polyester Filament Yarn and Polyester Staple Fiber. Based on Grade, the market is segmented into PET Polyester Fiber and PCDT Polyester Fiber. Based on Form, the market is segmented into Solid and Hollow. Based on Automation, the market is segmented into Textile & Apparel, Home Furnishing, Automotive & Transportation, Industrial and Others. Based on region, the market is segmented into North America, Europe, Asia Pacific, Latin America and Middle East & Africa.
Analysis by Type
Polyester Staple Fiber (PSF) is anticipated to hold the largest global polyester fiber market share over the coming years. High softness and bulkiness offered by polyester staple fiber is allowing to hold sway over other types of polyester fiber. Extensive application scope of polyester stable fiber for nonwovens, cushioning, bedding, and insulation use cases is also expected to further cement the dominance of this segment in the future. High use of PSF to make yarns for shirts and T-shirts in the textile industry is also expected to bolster revenue generation for market players via this segment.
On the other hand, the demand for Polyester Filament Yarn (PFY) is expected to account for the second-largest share of the global polyester fiber industry going forward. High tensile strength and smooth texture of polyester filament yarn fibers is expected to increase their application scope in the long run. High versatility, quick drying capabilities, and high wrinkle resistance are promoting the use of polyester filament yarn fibers in multiple fashion and textile applications. Easy care of fabrics made from polyester filament yarn fibers and need for minimal washing and ironing make the highly durable fabrics.
Analysis by Application
The apparel segment is predicted to account for a prominent chunk of the global polyester fiber market share over the coming years. Rapidly increasing global population coupled with high urbanization are expected to bolster demand for polyester fiber in this segment. Evolving consumer preferences and adoption of polyester fabrics by multiple fast fashion brands are also expected to play a crucial role in cementing the dominance of the apparel segment in the long run. Surging demand for affordable apparel and low costs of clothing made from polyester fiber and fabrics are also slated to create new opportunities for market players going forward.
Meanwhile, the demand for polyester fiber in home textile applications is estimated to increase at a noteworthy CAGR through 2032. Growing interest and spending of consumers on home improvement around the world is forecasted to create new business scope via this segment. High durability and ease of care offered by home textiles made from polyester fiber and fabrics is also estimated to bolster revenue generation potential of companies focusing on this application. Rising disposable income of people in countries such as India and Brazil is also expected to favor the sales of home textiles made from polyester fiber in the long run.
Global Polyester Fiber Market By Type
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Polyester Fiber Market Regional Insights
The Asia Pacific region is anticipated to account for the largest global polyester fiber market share in the future. Rapid urbanization, growing popularity of fast fashion trends, rising disposable income, and increasing e-commerce activity are cementing the dominance of this region.
China is slated to be the most rewarding market for polyester fiber in this region owing to the presence of a strong polyester production base, high domestic demand, and use of advanced manufacturing technologies. Low labor costs are also expected to help attract polyester fiber manufacturers to countries such as China, India, and Indonesia in the long run.
The North American region is estimated to account for the second-largest share of the global polyester fiber industry in the long run. The presence of leading textile manufacturers, quick adoption of advanced polyester fiber manufacturing technologies, and high emphasis on sustainability are key factors influencing the sales of polyester fiber in this region.
The United States is anticipated emerge as the leading revenue generation for polyester fiber providers working in North America. High durability and wrinkle resistance are slated to bolster the popularity of products and apparel made from polyester fiber in this country
Europe is forecasted to witness a hike in demand for polyester fiber at a moderate pace over the coming years. Growing emphasis on sustainability in this region and the presence of an eco-conscious consumer base are helping promote the sales of recycled polyester fiber and fabric. Germany, France, and the United Kingdom are predicted to offer new opportunities for polyester fiber vendors operating in the European region. The presence of multiple fast fashion and designer fashion brands is also estimated to boost the demand for polyester fiber in this region.
Latin America is anticipated to witness a substantial rise in demand for polyester fiber over the coming years. Growing urbanization, rising disposable income, and changes in fashion trends and influence of social media are slated to create new opportunities for polyester fiber companies. Brazil and Argentina are forecasted to emerge as highly rewarding markets in the Latin American region going forward.
Global Polyester Fiber Market By Region
- Largest
- Fastest
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Polyester Fiber Market Dynamics
Drivers
Advancements in Polyester Recycling Technologies
- Advancements in polyester recycling has led to a better image of polyester fiber among sustainability-focused and eco-conscious consumers around the world. Recycled polyester, often derived from PET bottles is expected to help promote the global polyester fiber market outlook as Innovations in chemical and mechanical recycling processes improve the quality of recycled polyester.
Cost-effectiveness Compared to Natural Fibers
- Polyester fiber is significantly cheaper than cotton, wool, and silk. This low cost of polyester fiber is making it a preferred choice among textile companies as they focus on maximizing their profitability. Moreover, fluctuations in the pricing of natural fibers are also pushing textile companies to opt for polyester fiber due to its more stable and consistent pricing.
Restraints
Environmental Concerns Regarding Mircroplastics
- Polyester fibers are emerging as a major contributor to microplastic pollution, as synthetic fibers shed tiny plastic particles during washing. Increasing efforts to reduce environmental degradation, curb plastic and microplastic pollution, and imposition of stringent mandated for the same are slated to hurt the adoption of polyester fiber in the long run.
Volatility in Crude Oil Pricing
- Polyester and polyester fibers are derived from petrochemicals and the high dependency of pricing and availability of petrochemicals on crude oil is slated to impede market development potential. Fluctuations in crude oil pricing can hurt profitability of polyester fiber companies and even cause supply chain disruptions on a global level through 2032.
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Polyester Fiber Market Competitive Landscape
Polyester fiber companies should focus on incorporating sustainability in their businesses to stay compliant with stringent environmental regulations. Collaborations and mergers are also expected to emerge as preferred strategies for companies looking to expand their business scope and boost revenue generation. Focusing on fast fashion industry can offer lucrative new opportunities as per this global polyester fiber market forecast.
Top Player’s Company Profiles
- Mitsubishi Rayon (Japan)
- Reliance Industries Limited (India)
- Toray Industries (Japan)
- Teijin Limited (Japan)
- Hyosung Corporation (South Korea)
- Far Eastern New Century Corporation (Taiwan)
- Alpek (Mexico)
- Sinopec Yizheng Chemical Fibre Company Limited (China)
- Nan Ya Plastics Corporation (Taiwan)
- Tongkun Group (China)
- Zhejiang Hengyi Group (China)
- Zhejiang Hailide New Material Co., Ltd. (China)
- Shenghong Group (China)
- Jiangsu Sanfangxiang Group (China)
- Xinfengming Group (China)
- Shandong Ruyi Technology Group (China)
- Formosa Chemicals & Fibre Corporation (Taiwan)
- Kolon Industries (South Korea)
- Asahi Kasei Corporation (Japan)
- Wellman International (Ireland)
Recent Developments
- In October 2023, Inditex, a renowned Spanish multinational clothing company announced its plans to buy recycled polyester from Ambercycle, a start-up based in the United States. Inditex spent around USD 74 million to procure recycled polyester fiber from Ambercycle as part of its efforts to bring 25% of its fibers from next-generation materials by 2030.
- In December 2023, Puma, a leading German manufacturer of footwear and shoes announced the launch of a new one-off collection made from Puma’s recycled polyester RE:FIBRE fabric. The company worked with Andrew Burgess and his brand Vivid Visions to create five designs for this new capsule collection as part of its efforts to use 100% polyester waste use in products.
- In April 2022, Shein, a leading Chinese fast fashion company announced the launch of its new collection featuring recycled polyester. Evolushein is part of the company’s efforts to incorporate circular economy practices and promote sustainability through its business.
Polyester Fiber Key Market Trends
- Emphasis on Recycled Polyester (rPET) Adoption: Polyester fiber companies should focus on utilizing Recycled Polyester (rPET) to stand out from competition and comply with sustainability mandates. Rising consumer preference for products made from recycled materials owing to high awareness regarding sustainability are also allowing rPET adoption to emerge as a key polyester fiber market trend for the future.
- Innovations in Bio-based Polyester Fiber: Polyester fiber manufacturers are expected to invest heavily in the R&D of bio-based polyester to stand out from the competition. Use of sugarcane, corn, and other plant-based feedstocks coupled with sustainable manufacturing processes can help polyester fiber companies reduce their reliance on petrochemicals and stay compliant with sustainability mandates as well.
Polyester Fiber Market SkyQuest Analysis
SkyQuest’s ABIRAW (Advanced Business Intelligence, Research & Analysis Wing) is our Business Information Services team that Collects, Collates, Correlates, and Analyses the Data collected by means of Primary Exploratory Research backed by robust Secondary Desk research.
As per SkyQuest analysis, expansion of fashion and textile industry and growing demand for recycled polyester are projected to primarily drive the sales of polyester fiber over the coming years. On the contrary, volatility in crude oil pricing and environmental concerns regarding microplastic waste are expected to slow down the adoption of polyester fiber in the future. The Asia Pacific region is slated to bring in the most revenue on a global level owing to the presence of a massive consumer base, rising disposable income, and presence of leading textile manufacturers in countries such as India and China. Emphasis on promoting the use of recycled polyester fiber and bio-based polyester fiber is anticipated to boost business potential of almost all market players in the future.
| Report Metric | Details |
|---|---|
| Market size value in 2023 | USD 103.4 billion |
| Market size value in 2032 | USD 204.98 billion |
| Growth Rate | 7.9% |
| Base year | 2024 |
| Forecast period | 2025-2032 |
| Forecast Unit (Value) | USD Billion |
| Segments covered |
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| Regions covered | North America (US, Canada), Europe (Germany, France, United Kingdom, Italy, Spain, Rest of Europe), Asia Pacific (China, India, Japan, Rest of Asia-Pacific), Latin America (Brazil, Rest of Latin America), Middle East & Africa (South Africa, GCC Countries, Rest of MEA) |
| Companies covered |
|
| Customization scope | Free report customization with purchase. Customization includes:-
|
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Table Of Content
Executive Summary
Market overview
- Exhibit: Executive Summary – Chart on Market Overview
- Exhibit: Executive Summary – Data Table on Market Overview
- Exhibit: Executive Summary – Chart on Polyester Fiber Market Characteristics
- Exhibit: Executive Summary – Chart on Market by Geography
- Exhibit: Executive Summary – Chart on Market Segmentation
- Exhibit: Executive Summary – Chart on Incremental Growth
- Exhibit: Executive Summary – Data Table on Incremental Growth
- Exhibit: Executive Summary – Chart on Vendor Market Positioning
Parent Market Analysis
Market overview
Market size
- Market Dynamics
- Exhibit: Impact analysis of DROC, 2021
- Drivers
- Opportunities
- Restraints
- Challenges
- Exhibit: Impact analysis of DROC, 2021
- SWOT Analysis
KEY MARKET INSIGHTS
- Technology Analysis
- (Exhibit: Data Table: Name of technology and details)
- Pricing Analysis
- (Exhibit: Data Table: Name of technology and pricing details)
- Supply Chain Analysis
- (Exhibit: Detailed Supply Chain Presentation)
- Value Chain Analysis
- (Exhibit: Detailed Value Chain Presentation)
- Ecosystem Of the Market
- Exhibit: Parent Market Ecosystem Market Analysis
- Exhibit: Market Characteristics of Parent Market
- IP Analysis
- (Exhibit: Data Table: Name of product/technology, patents filed, inventor/company name, acquiring firm)
- Trade Analysis
- (Exhibit: Data Table: Import and Export data details)
- Startup Analysis
- (Exhibit: Data Table: Emerging startups details)
- Raw Material Analysis
- (Exhibit: Data Table: Mapping of key raw materials)
- Innovation Matrix
- (Exhibit: Positioning Matrix: Mapping of new and existing technologies)
- Pipeline product Analysis
- (Exhibit: Data Table: Name of companies and pipeline products, regional mapping)
- Macroeconomic Indicators
COVID IMPACT
- Introduction
- Impact On Economy—scenario Assessment
- Exhibit: Data on GDP - Year-over-year growth 2016-2022 (%)
- Revised Market Size
- Exhibit: Data Table on Polyester Fiber Market size and forecast 2021-2027 ($ million)
- Impact Of COVID On Key Segments
- Exhibit: Data Table on Segment Market size and forecast 2021-2027 ($ million)
- COVID Strategies By Company
- Exhibit: Analysis on key strategies adopted by companies
MARKET DYNAMICS & OUTLOOK
- Market Dynamics
- Exhibit: Impact analysis of DROC, 2021
- Drivers
- Opportunities
- Restraints
- Challenges
- Exhibit: Impact analysis of DROC, 2021
- Regulatory Landscape
- Exhibit: Data Table on regulation from different region
- SWOT Analysis
- Porters Analysis
- Competitive rivalry
- Exhibit: Competitive rivalry Impact of key factors, 2021
- Threat of substitute products
- Exhibit: Threat of Substitute Products Impact of key factors, 2021
- Bargaining power of buyers
- Exhibit: buyers bargaining power Impact of key factors, 2021
- Threat of new entrants
- Exhibit: Threat of new entrants Impact of key factors, 2021
- Bargaining power of suppliers
- Exhibit: Threat of suppliers bargaining power Impact of key factors, 2021
- Competitive rivalry
- Skyquest special insights on future disruptions
- Political Impact
- Economic impact
- Social Impact
- Technical Impact
- Environmental Impact
- Legal Impact
Market Size by Region
- Chart on Market share by geography 2021-2027 (%)
- Data Table on Market share by geography 2021-2027(%)
- North America
- Chart on Market share by country 2021-2027 (%)
- Data Table on Market share by country 2021-2027(%)
- USA
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Canada
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Europe
- Chart on Market share by country 2021-2027 (%)
- Data Table on Market share by country 2021-2027(%)
- Germany
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Spain
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- France
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- UK
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Rest of Europe
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Asia Pacific
- Chart on Market share by country 2021-2027 (%)
- Data Table on Market share by country 2021-2027(%)
- China
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- India
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Japan
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- South Korea
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Rest of Asia Pacific
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Latin America
- Chart on Market share by country 2021-2027 (%)
- Data Table on Market share by country 2021-2027(%)
- Brazil
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Rest of South America
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Middle East & Africa (MEA)
- Chart on Market share by country 2021-2027 (%)
- Data Table on Market share by country 2021-2027(%)
- GCC Countries
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- South Africa
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Rest of MEA
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
KEY COMPANY PROFILES
- Competitive Landscape
- Total number of companies covered
- Exhibit: companies covered in the report, 2021
- Top companies market positioning
- Exhibit: company positioning matrix, 2021
- Top companies market Share
- Exhibit: Pie chart analysis on company market share, 2021(%)
- Total number of companies covered
Methodology
For the Polyester Fiber Market, our research methodology involved a mixture of primary and secondary data sources. Key steps involved in the research process are listed below:
1. Information Procurement: This stage involved the procurement of Market data or related information via primary and secondary sources. The various secondary sources used included various company websites, annual reports, trade databases, and paid databases such as Hoover's, Bloomberg Business, Factiva, and Avention. Our team did 45 primary interactions Globally which included several stakeholders such as manufacturers, customers, key opinion leaders, etc. Overall, information procurement was one of the most extensive stages in our research process.
2. Information Analysis: This step involved triangulation of data through bottom-up and top-down approaches to estimate and validate the total size and future estimate of the Polyester Fiber Market.
3. Report Formulation: The final step entailed the placement of data points in appropriate Market spaces in an attempt to deduce viable conclusions.
4. Validation & Publishing: Validation is the most important step in the process. Validation & re-validation via an intricately designed process helped us finalize data points to be used for final calculations. The final Market estimates and forecasts were then aligned and sent to our panel of industry experts for validation of data. Once the validation was done the report was sent to our Quality Assurance team to ensure adherence to style guides, consistency & design.
Analyst Support
Customization Options
With the given market data, our dedicated team of analysts can offer you the following customization options are available for the Polyester Fiber Market:
Product Analysis: Product matrix, which offers a detailed comparison of the product portfolio of companies.
Regional Analysis: Further analysis of the Polyester Fiber Market for additional countries.
Competitive Analysis: Detailed analysis and profiling of additional Market players & comparative analysis of competitive products.
Go to Market Strategy: Find the high-growth channels to invest your marketing efforts and increase your customer base.
Innovation Mapping: Identify racial solutions and innovation, connected to deep ecosystems of innovators, start-ups, academics, and strategic partners.
Category Intelligence: Customized intelligence that is relevant to their supply Markets will enable them to make smarter sourcing decisions and improve their category management.
Public Company Transcript Analysis: To improve the investment performance by generating new alpha and making better-informed decisions.
Social Media Listening: To analyze the conversations and trends happening not just around your brand, but around your industry as a whole, and use those insights to make better Marketing decisions.
Polyester Fiber Market Report Snapshots
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