According
to a new report published by Transparency Market Research Polyester
Fiber (Solid and Hollow) Market for Carpet & Rugs, Nonwoven
Fabrics, Fiberfill and Other Applications – Global Industry
Analysis, Size, Share, Growth, Trends and Forecast, 2013 – 2019,
the global market for polyester fiber was valued at USD 62.46 billion
in 2012 and is estimated to be USD 110.86 billion by 2019, growing at
a CAGR of 8.6% from 2013 to 2019. In terms of volume, the demand was
37.85 million tons in 2012.
A
rise in construction activities is expected to be one of the primary
factors driving the demand for polyester fibers, given that
residential and commercial flooring solutions are dominated by the
carpets and rugs sector. The growing demand for nonwoven materials
and products across various industries such as manufacturing,
household, electronics, hospitality and automotives is also expected
to augment the demand for polyester fibers. Furthermore, a growing
demand for mattresses, coupled with technological advancement, is
expected to fuel the demand for hollow fibers. However, market
saturation in developed regions such as Europe and North America is
expected to hamper overall market growth. Moreover, certain health
hazards associated with polyester and regulations governing polyester
manufacturing, its usage and disposal are expected to be another
vital factor adversely affecting market demand.
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Solid
fiber was the largest product type in the polyester fiber market and
accounted for over 80% of the demand in 2012. This segment is
expected to be the fastest growing on account of its wide application
in sectors such as manufacturing industries, automobiles, marine,
aviation, apparel and healthcare. Although hollow fibers are a small
segment within the market, their increasing demand in nonwoven
applications, particularly in the field of medicine, is expected to
establish new growth opportunities.
Fiberfill
was the largest segment in the market in 2012, followed by nonwoven
fabrics and carpets and rugs. However, polyester fibers are expected
to witness the highest demand growth rate from the carpets and rugs
market as carpet manufacturers are increasingly manufacturing
polyester-based carpets. The demand for polyester fiber in carpets &
rugs segment is expected to grow at a CAGR of 6.0% between 2013 and
2019 in terms of volume. Fiberfill is expected to be the second
fastest-growing segment owing to a rising demand for insulation
materials.
Asia
Pacific was the largest market for polyester fiber in 2012 and the
trend is expected to continue over the next six years. Rapid
industrialization, urbanization and increasing consumer disposable
incomes are vital factors contributing to the growth of this market
in the region over the next six years. Asia Pacific is expected to
constitute a market share of over 85% by 2019. Furthermore,
substantial GDP growth in BRIC countries over the next few years is
expected to create new avenues for the growth of the polyester fibers
market.
The
global polyester fiber market is highly fragmented in nature owing to
the presence of several small to large scale manufacturers. Reliance,
Sinopec, Zhejiang Hengyi, Zhejiang Tongkun and Nan-Ya are some of the
leading manufacturers of the market.
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Sample Report Copy with TOC and Market Research :-
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Polyester
Fiber Market – Product Segment Analysis
-
Solid
-
Hollow
Polyester
Fiber Market - Application Analysis
-
Carpets & rugs
-
Nonwoven fabrics
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Fiberfill
-
Others (Apparel, home textiles, industrial, etc.)
Polyester
Fiber Market - Regional Analysis
-
North America
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Europe
-
Asia Pacific
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MENA
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Rest of the World (RoW)
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