Polyester Fiber Market Size

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.