The polyester filament market is likely to witness a revenue generation surpassing US$ 87,000 million by 2018 end. A significant growth in the use of polyester in textile industry including apparel and home furnishing and growing demand for polyester filament in manufacturing of automotive textile are some of the prominent factors driving the polyester filament market revenues.
Fact.MR study opines that the fully drawn polyester filament sales are likely to outsell other types of polyester filaments. Continued preference for fully drawn yarn used in production of textiles and fabrics for high-end sportswear, undergarments, and home textiles are driving the significant growth of fully drawn yarn in polyester filament market.
The demand for both drawn texture yarn and fully drawn yarn is growing in the textile industry. However, with the development of post-treatment technology and lower cost of fully drawn yarn, it is likely to outsell drawn texture yarn over the next few years.
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Polyester fully drawn yarn sales are also expected to remain high in polyester embroidery thread manufacturing widely used in sewing. India, China, Thailand, and Malaysia are the leading manufacturers and exporters of fully drawn yarn across various countries.
Textile Industry Accounts for Over 60% of Revenue Share in Polyester Filament Market
The demand for polyester filament in textile industry is expected to witness healthy growth. The textile industry is creating strong demand for polyester filaments which have the ability to substitute cotton yarns to some extent. With cotton yarn prices at relatively higher levels, the demand and sales of polyester filament yarn is constantly rising.
The report opines that broader gains in a range of end-use industries will increase the proportion of polyester filament yarn used in the products with an aim to control cost.
In recent years, there has been huge demand for polyester filament in medical textile covering a wide range of products including surgical gowns, diapers and products for internal uses like surgical procedures. The demand is likely to continue in the years to come.
With textile, apparel, retail, and fashion industries moving towards sustainability, the area of interest in recycled polyester filament yarn in production of new products is rising. In addition to technological developments in apparel and textile manufacturing, polyester filament manufacturers are constantly focusing on producing recycled polyester filaments to meet the growing demand.
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APEJ to Remain at the Pole Position in Polyester Filament Market
According to the Fact.MR study, APEJ will be the most lucrative market for polyester filaments. The demand is expected to surpass US$ 14,000,000 tons by 2018-end. China, India, Indonesia, and Thailand are the major countries in APEJ dealing in polyester filament market. Polyester and nylon fiber manufacturers in Asia Pacific have also increased the prices with the rise in crude oil prices and growing demand for synthetic fibers.
Home furnishing is emerging as the second-largest demand generator for polyester filament followed by apparels. Moreover, India is likely to hold a strong position, capturing a major share in the global polyester filament market, owing to the low cost of labor and initiatives by the government ensuring stable power supply, and availability of low cost operations.
China continues to be a major supplier of polyester fiber including recycled polyester fiber. However, the ban on import of solid waste used to produce recycled polyester is likely to impact the polyester material supply chain. Higher prices of polyester staple fiber can result in increasing demand for cotton.
The Fact.MR report tracks the polyester filament market for the period 2018-2027. According to the report, the polyester filament market is projected to reach 4.9% CAGR in terms of volume during the forecast period.
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Table of Contents Covered in this report are:
1. Global Polyester Filament Market – Executive Summary
2. Global Polyester Filament Market Overview
2.1.1. Global Polyester Filament Market Taxonomy
2.1.2. Global Polyester Filament Market Definition
2.2. Global Polyester Filament Market Size (US$ Mn & Volume) and Forecast, 2013-2027
2.2.1. Global Polyester Filament Market Y-o-Y Growth
2.3. Global Polyester Filament Market Dynamics
2.4. Supply Chain
2.5. Pricing Analysis
2.6. Macro-Economic Factors
2.7. Global Polyester Production
2.8. Global Consumption Share for major fibers
2.9. Global and regional per capita consumption
2.10. Demand and supply of raw materials for the Polyester Filament Industry
2.11. Polyester sales in the European market, 2016
2.12. Global import and export analysis of polyester across the world
2.13. Global mono-filament import and export analysis across the world
2.14. Top 15 polyester importing countries
2.15. Top 15 polyester exporting countries
2.16. Recycling of Polyester
2.17. Major application of Polyester
2.18. Capacity Utilization
2.19. Production Capacity by Key players
3. Global Polyester Filament Market Analysis and Forecast 2013-2027
3.1. Global Polyester Filament Market Size and Forecast By Yarn type, 2013-2027
3.1.1. Single yarn Market Size and Forecast, 2013-2027
188.8.131.52. Revenue (US$ Mn) & Volume Comparison, By Region
184.108.40.206. Market Share Comparison, By Region
220.127.116.11. Y-o-Y growth Comparison, By Region
3.1.2. Ply Yarn Market Size and Forecast, 2013-2027
18.104.22.168. Revenue (US$ Mn) & Volume Comparison, By Region
22.214.171.124. Market Share Comparison, By Region
126.96.36.199. Y-o-Y growth Comparison, By Region
3.1.3. Cord yarn Market Size and Forecast, 2013-2027
188.8.131.52. Revenue (US$ Mn) & Volume Comparison, By Region
184.108.40.206. Market Share Comparison, By Region
220.127.116.11. Y-o-Y growth Comparison, By Region
3.2. Global Polyester Filament Market Size and Forecast By Type, 2013-2027
3.2.1. Drawn Textured Yarn(DTY) Market Size and Forecast, 2013-2027
18.104.22.168. Revenue (US$ Mn) & Volume Comparison, By Region
22.214.171.124. Market Share Comparison, By Region
126.96.36.199. Y-o-Y growth Comparison, By Region
3.2.2. Fully Drawn Yarn(FDY) Market Size and Forecast, 2013-2027
188.8.131.52. Revenue (US$ Mn) & Volume Comparison, By Region
184.108.40.206. Market Share Comparison, By Region
220.127.116.11. Y-o-Y growth Comparison, By Region
3.2.3. Partially Oriented Yarn(POY) Market Size and Forecast, 2013-2027
18.104.22.168. Revenue (US$ Mn) & Volume Comparison, By Region
22.214.171.124. Market Share Comparison, By Region
126.96.36.199. Y-o-Y growth Comparison, By Region
3.3. Global Polyester Filament Market Size and Forecast By End-Use Industry, 2013-2027
3.3.1. Textile Industry Market Size and Forecast, 2013-2027
188.8.131.52. Revenue (US$ Mn) & Volume Comparison, By Region
184.108.40.206. Market Share Comparison, By Region
220.127.116.11. Y-o-Y growth Comparison, By Region
18.104.22.168. Textile Industry % market share, 2018
22.214.171.124.1. Wearing Apparels
Other wearing apparels
126.96.36.199.2. Home Furnishing
188.8.131.52.3. Decorative Textile Manufacturing
184.108.40.206.4. Other textile industry