A new report by Reports and Data projects that the global market for polyester staple fiber and filament yarns will reach USD 126.00 Billion by 2027, with increasing demand from the textile and construction industries being the primary growth driver. Polyester staple fiber and filament yarns are highly elastic, shape-retaining, wrinkle-resistant, durable, and washable, making them ideal for use in clothing, including fashionable dresses, weather-resistant clothing, and children's wear. They are also used in the production of furniture, upholstery, carpets, and ropes for residential applications.
The report highlights that filament yarns, made from polyester, are used in the manufacture of safety belts, conveyor belts, tire fabrics, and ropes, and contributed to a larger market share in 2018. Polyethylene terephthalate (PET) was the most commonly used material in 2018, and solid products, with high durability and tensile strength, were the most widely used product type. Carpets and rugs are expected to experience significant growth in the forecast period.
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North America, led by the U.S., held the second-largest market share in 2018 and is projected to grow at a rate of 6.9% in the forecast period. Key players in the market include Tongkun Group Co. Ltd., Shenghong Corp., William Barnet & Son LLC, Sarla Performance Fibers, Indorama Ventures Public Company Limited, and Toray Industries Inc., among others.
The report segments the global polyester staple fiber and filament yarns market by type, material, product, application, and region.
Polyester Staple Fiber & Filament Yarns Market: Drive Factors
The global market for polyester staple fiber and filament yarns is expected to grow and reach USD 126.00 Billion by 2027, as per a report by Reports and Data. This growth is likely to be driven by the increasing use of these materials in the textile industry, owing to their good elasticity, shape retention, wrinkle resistance, exceptional wash & wear performance, washability, and longevity. Polyester staple fiber and filament yarns are extensively used in making various types of apparel fabrics, fashionable dresses, weather-resistant clothing, and children’s wear. They are also used in the construction industry for making cement concrete pavement material, which provides better resistance to alkali attacks and results in cement saving of nearly 10%. Polyester staple fiber and filament yarns are also used in manufacturing furniture and upholstery, making carpets, and ropes for residential applications. The market is likely to witness significant growth in the coming years, with carpets and rugs being estimated to witness the highest growth rate, owing to the growing demand for these products in residential and commercial buildings. The North American market, led by the U.S., is expected to grow at a rate of 6.9% in the forecast period.
Polyester Staple Fiber & Filament Yarns Market: Notable Innovation
There have been several notable innovations in the polyester staple fiber and filament yarns market, including the development of high-tenacity fibers that offer improved strength and durability. Another significant innovation is the use of recycled PET in the production of polyester fibers, which helps to reduce waste and minimize the environmental impact of textile production. Additionally, advancements in spinning and weaving technology have enabled the production of finer and more intricate polyester fabrics, expanding the range of applications for these materials.
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