By the end of 2022, it is predicted that the demand for polyester filament would make up around 11.7% of all global textile sales due to its rapid global growth. Modern production methods are being used by manufacturers to increase the productivity and efficiency of polyester filament. By 2032, the market for polyester filaments is anticipated to have grown from an estimated USD 106 billion in 2022 to USD 174.7 billion, with a CAGR of 5.1% between 2022 and 2032.
The prospects included in this section range from the capacity to produce items to the provision of retail, wholesale, and exhibiting services. To get at various estimates and projections for the Demand, the Fact.MR researchers conducted numerous rounds of both necessary and optional research. Polyester Filament Market both at worldwide and provincial levels.
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Market Players: –
- Filatex India Limited
- Meher International
- Thai Polyester Company
- Sivasakhi threads
- Beximco Synthetics Limited
- Sarla Performance Fibers
- Tepar Textiles
- Indorama Ventures
- Reliance Industries
The examiners have utilized various vast conspicuous business knowledge devices to unite realities, figures, and market information into income assessments and projections in the Market.
Key partners in Market including industry players, policymakers, and financial backers in different nations have been persistently realigning their systems and ways to deal with carry out them to take advantage of new open doors. Numerous lately have updated their procedures to stay coordinated in the setting of overall disturbances brought about by the COVID-19 pandemic.
Competitive Landscape:
Polyester filament market competitive landscape shows top manufacturers including Filatex India Limited, Meher International, Thai Polyester Company, Sivasakhi threads, Beximco Synthetics Limited, Sarla Performance Fibers, Tepar Textiles, Indorama Ventures and Reliance Industries
Tier 3 players in the polyester filament market hold more than 40% of share. The majority of the share in the market is concentrated among tier 3 players.Most of the tier 3 companies are based in Asia Pacific region, including Thailand, China, Japan, and India.
An increasing number of companies in Asia Pacific are exporting polyester filament to Europe, where most of the synthetic fiber is used in apparel.The companies focusing on designing new products for clothing and home textile in Asia Pacific with new features. Meanwhile, tier 1 and tier 2 players are entering into strategic partnerships and mergers & acquisitions to consolidate their position globally.
Polyester Filament Market Key Segments:
- By Yarn Type :
- Single yarn
- Ply Yarn
- Cord yarn
- By Type :
- Drawn Texture Yarn (DTY)
- Fully Drawn Yarn (FDY)
- Partially Oriented Yarn (POY)
- By Dyeing Process :
- Dyed
- Non-Dyed
- By End-Use Industry :
- Textile Industry
- Automotive industry
- Healthcare
- Other end-use industry
Regional analysis includes
- North America (U.S., Canada)
- Latin America (Brazil, Mexico, Argentina, Chile, Peru, Rest of LATAM)
- EU – (Germany, France, Italy, Spain), UK, BENELUX (Belgium, Netherlands, Luxemburg), NORDIC (Norway, Denmark, Iceland, Sweden), Eastern Europe (Poland, Ukraine, Czech Rep. etc.), Rest of Europe
- CIS & Russia
- Japan
- Asia Pacific Excluding Japan (Greater China, India, S. Korea, ASEAN Countries, Rest of APEJ)
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