Polyester Filament Market: By Product Type, Polyester Fully Drawn Yarn, and Polyester Drawn Textured Yarn ), By Application, and Geography
Polyester Filament Market size was valued at US$ 121.2 million in 2023 and is poised to grow at a CAGR of 5.4% from 2024 to 2030. The polyester filament market, a cornerstone of the global textile industry, is experiencing robust growth. These versatile yarns, known for their durability, affordability, and wide range of applications, are woven into the fabric of our daily lives. A fundamental driver for the polyester filament market is the ever-increasing demand for textiles. The global population is projected to continue growing, leading to a corresponding increase in the need for clothing, home textiles, and other textile products. In addition, the process of urbanization and the rise of the middle class, particularly in developing nations, lead to increased disposable incomes and a growing desire for consumer goods, including textiles. Moreover, the fast-fashion trend, characterized by frequent style changes and affordable clothing, creates a constant need for readily available and cost-effective yarn materials like polyester filament.
Furthermore, polyester filament yarns offer a unique combination of versatility and performance that makes them a preferred choice for various applications such as durability and strength, wrinkle resistance and easy care, and adaptability to dyeing and finishing. Also, compared to natural fibers like cotton, polyester filament yarns are generally more cost-effective. This affordability makes them accessible to a wider range of consumers and textile manufacturers, particularly in price-sensitive markets. However, the cost of polyester filament yarns is heavily influenced by the price of crude oil, a key raw material. This volatility can lead to price fluctuations for end products, impacting consumer purchasing decisions.
Study Period
2024-2030Base Year
2023CAGR
5.4%Largest Market
Asia PacificFastest Growing Market
North America
The polyester filament market is continuously being driven by advancements in technology. The Innovations in yarn processing and finishing techniques are enabling the creation of high-performance polyester filament yarns with enhanced functionality, such as moisture-wicking for activewear or fire retardancy for safety applications. In addition, technological advancements are paving the way for more sustainable polyester filament yarn production. This includes the use of recycled materials and energy-efficient processes, catering to growing environmental concerns. Moreover, emerging technologies like conductive yarns are integrating into the polyester filament market. These yarns can be used in smart textiles with functionalities like temperature regulation or health monitoring. Furthermore, consumers are increasingly conscious of the environmental impact of the products they purchase. This creates a demand for eco-friendly polyester filament yarns made from recycled materials or utilizing sustainable production methods.
Based on regions, the market share is segmented into North America, Europe, Asia-Pacific, Latin America, and MEA. The Asia Pacific region holds the dominating position in the polyester filament market, holding the largest market share for both consumption and production. The region boasts a thriving textile industry, driven by a large and skilled workforce, competitive production costs, and a strong export market. This robust industry creates a significant demand for polyester filament yarns as a versatile and cost-effective raw material. In addition, the Asia Pacific region is home to a rapidly growing population, with a rising middle class and increasing disposable incomes. This translates to a surge in demand for clothing, home textiles, and other products that utilize polyester filament yarns. Moreover, many governments in the Asia Pacific region implement policies that support the textile industry, including subsidies for raw material procurement and infrastructure development. This fosters a favourable environment for polyester filament yarn production and consumption. Furthermore, the growing domestic demand for textiles within the Asia Pacific region itself is a key driver of market dominance. This reduces reliance on exports and allows for greater control over the polyester filament yarn supply chain. The North America presents the most promising growth potential for the polyester filament market. This surge is fueled by focus on innovation, demand for high-quality yarns, shifting manufacturing landscape, and growing environmental awareness.
Latin America
Europe
Asia Pacific
Middle East
North America
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Report Benchmarks |
Details |
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Report Study Period |
2024-2030 |
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Market Size in 2023 |
US$ 121.2 million |
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Market CAGR |
5.4% |
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By Product Type |
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By Application |
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The North America is the fastest growing region in the Polyester Filament Market
The Asia Pacific dominates the Polyester Filament market.
The leading players in the Polyester Filament Market are Tepar Textiles, Sivasakhi threads, Indorama Ventures, Meher International, Reliance Industries, Filatex India Limited, Sarla Performance Fibers, Thai Polyester Company, Tongkun Group Co. Ltd, Beximco Synthetics Limited, and BaiHong Industrial Holdings Co.
Historic years considered for the market study are 2019 to 2022, 2023 is considered as the base year for market estimation and the forecast presented from 2024 to 2030.
| 1.Executive Summary |
| 2.Global Polyester Filament Market Introduction |
| 2.1.Global Polyester Filament Market - Taxonomy |
| 2.2.Global Polyester Filament Market - Definitions |
| 2.2.1.Product Type |
| 2.2.2.Application |
| 2.2.3.Region |
| 3.Global Polyester Filament Market Dynamics |
| 3.1. Drivers |
| 3.2. Restraints |
| 3.3. Opportunities/Unmet Needs of the Market |
| 3.4. Trends |
| 3.5. Product Landscape |
| 3.6. New Product Launches |
| 3.7. Impact of COVID 19 on Market |
| 4.Global Polyester Filament Market Analysis, 2019 - 2023 and Forecast 2024 - 2030 |
| 4.1. Market Analysis, 2019 - 2023 and Forecast, 2024 - 2030, (Sales Value USD Million) |
| 4.2. Year-Over-Year (Y-o-Y) Growth Analysis (%) |
| 4.3. Market Opportunity Analysis |
| 5.Global Polyester Filament Market By Product Type, 2019 - 2023 and Forecast 2024 - 2030 (Sales Value USD Million) |
| 5.1. Partially Oriented Yarn (POY) |
| 5.1.1. Market Analysis, 2019 - 2023 and Forecast, 2024 - 2030, (Sales Value USD Million) |
| 5.1.2. Year-Over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) |
| 5.1.3. Market Opportunity Analysis |
| 5.2. Polyester Fully Drawn Yarn (FDY |
| 5.2.1. Market Analysis, 2019 - 2023 and Forecast, 2024 - 2030, (Sales Value USD Million) |
| 5.2.2. Year-Over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) |
| 5.2.3. Market Opportunity Analysis |
| 5.3. Polyester Drawn Textured Yarn (DTY) |
| 5.3.1. Market Analysis, 2019 - 2023 and Forecast, 2024 - 2030, (Sales Value USD Million) |
| 5.3.2. Year-Over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) |
| 5.3.3. Market Opportunity Analysis |
| 6.Global Polyester Filament Market By Application, 2019 - 2023 and Forecast 2024 - 2030 (Sales Value USD Million) |
| 6.1. Textile & Apparel |
| 6.1.1. Market Analysis, 2019 - 2023 and Forecast, 2024 - 2030, (Sales Value USD Million) |
| 6.1.2. Year-Over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) |
| 6.1.3. Market Opportunity Analysis |
| 6.2. Home Furnishings |
| 6.2.1. Market Analysis, 2019 - 2023 and Forecast, 2024 - 2030, (Sales Value USD Million) |
| 6.2.2. Year-Over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) |
| 6.2.3. Market Opportunity Analysis |
| 6.3. Healthcare |
| 6.3.1. Market Analysis, 2019 - 2023 and Forecast, 2024 - 2030, (Sales Value USD Million) |
| 6.3.2. Year-Over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) |
| 6.3.3. Market Opportunity Analysis |
| 6.4. Industrial |
| 6.4.1. Market Analysis, 2019 - 2023 and Forecast, 2024 - 2030, (Sales Value USD Million) |
| 6.4.2. Year-Over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) |
| 6.4.3. Market Opportunity Analysis |
| 6.5. Others |
| 6.5.1. Market Analysis, 2019 - 2023 and Forecast, 2024 - 2030, (Sales Value USD Million) |
| 6.5.2. Year-Over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) |
| 6.5.3. Market Opportunity Analysis |
| 7.Global Polyester Filament Market By Region, 2019 - 2023 and Forecast 2024 - 2030 (Sales Value USD Million) |
| 7.1. North America |
| 7.1.1. Market Analysis, 2019 - 2023 and Forecast, 2024 - 2030, (Sales Value USD Million) |
| 7.1.2. Year-Over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) |
| 7.1.3. Market Opportunity Analysis |
| 7.2. Europe |
| 7.2.1. Market Analysis, 2019 - 2023 and Forecast, 2024 - 2030, (Sales Value USD Million) |
| 7.2.2. Year-Over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) |
| 7.2.3. Market Opportunity Analysis |
| 7.3. Asia Pacific (APAC) |
| 7.3.1. Market Analysis, 2019 - 2023 and Forecast, 2024 - 2030, (Sales Value USD Million) |
| 7.3.2. Year-Over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) |
| 7.3.3. Market Opportunity Analysis |
| 7.4. Middle East and Africa (MEA) |
| 7.4.1. Market Analysis, 2019 - 2023 and Forecast, 2024 - 2030, (Sales Value USD Million) |
| 7.4.2. Year-Over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) |
| 7.4.3. Market Opportunity Analysis |
| 7.5. Latin America |
| 7.5.1. Market Analysis, 2019 - 2023 and Forecast, 2024 - 2030, (Sales Value USD Million) |
| 7.5.2. Year-Over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) |
| 7.5.3. Market Opportunity Analysis |
| 8.North America Polyester Filament Market ,2019 - 2023 and Forecast 2024 - 2030 (Sales Value USD Million) |
| 8.1. Product Type Analysis 2019 - 2023 and Forecast 2024 - 2030 by Sales Value USD Million, Y-o-Y Growth (%), and Market Share (%) |
| 8.1.1.Partially Oriented Yarn (POY) |
| 8.1.2.Polyester Fully Drawn Yarn (FDY |
| 8.1.3.Polyester Drawn Textured Yarn (DTY) |
| 8.2. Application Analysis 2019 - 2023 and Forecast 2024 - 2030 by Sales Value USD Million, Y-o-Y Growth (%), and Market Share (%) |
| 8.2.1.Textile & Apparel |
| 8.2.2.Home Furnishings |
| 8.2.3.Healthcare |
| 8.2.4.Industrial |
| 8.2.5.Others |
| 8.3. Country Analysis 2019 - 2023 and Forecast 2024 - 2030 by Sales Value USD Million, Y-o-Y Growth (%), and Market Share (%) |
| 8.3.1.United States of America (USA) |
| 8.3.2.Canada |
| 9.Europe Polyester Filament Market ,2019 - 2023 and Forecast 2024 - 2030 (Sales Value USD Million) |
| 9.1. Product Type Analysis and Forecast by Sales Value USD Million, Y-o-Y Growth (%), and Market Share (%) |
| 9.1.1.Partially Oriented Yarn (POY) |
| 9.1.2.Polyester Fully Drawn Yarn (FDY |
| 9.1.3.Polyester Drawn Textured Yarn (DTY) |
| 9.2. Application Analysis 2019 - 2023 and Forecast 2024 - 2030 by Sales Value USD Million, Y-o-Y Growth (%), and Market Share (%) |
| 9.2.1.Textile & Apparel |
| 9.2.2.Home Furnishings |
| 9.2.3.Healthcare |
| 9.2.4.Industrial |
| 9.2.5.Others |
| 9.3. Country Analysis 2019 - 2023 and Forecast 2024 - 2030 by Sales Value USD Million, Y-o-Y Growth (%), and Market Share (%) |
| 9.3.1.Germany |
| 9.3.2.France |
| 9.3.3.Italy |
| 9.3.4.United Kingdom (UK) |
| 9.3.5.Spain |
| 10.Asia Pacific (APAC) Polyester Filament Market ,2019 - 2023 and Forecast 2024 - 2030 (Sales Value USD Million) |
| 10.1. Product Type Analysis and Forecast by Sales Value USD Million, Y-o-Y Growth (%), and Market Share (%) |
| 10.1.1.Partially Oriented Yarn (POY) |
| 10.1.2.Polyester Fully Drawn Yarn (FDY |
| 10.1.3.Polyester Drawn Textured Yarn (DTY) |
| 10.2. Application Analysis 2019 - 2023 and Forecast 2024 - 2030 by Sales Value USD Million, Y-o-Y Growth (%), and Market Share (%) |
| 10.2.1.Textile & Apparel |
| 10.2.2.Home Furnishings |
| 10.2.3.Healthcare |
| 10.2.4.Industrial |
| 10.2.5.Others |
| 10.3. Country Analysis 2019 - 2023 and Forecast 2024 - 2030 by Sales Value USD Million, Y-o-Y Growth (%), and Market Share (%) |
| 10.3.1.China |
| 10.3.2.India |
| 10.3.3.Australia and New Zealand (ANZ) |
| 10.3.4.Japan |
| 10.3.5.Rest of APAC |
| 11.Middle East and Africa (MEA) Polyester Filament Market ,2019 - 2023 and Forecast 2024 - 2030 (Sales Value USD Million) |
| 11.1. Product Type Analysis and Forecast by Sales Value USD Million, Y-o-Y Growth (%), and Market Share (%) |
| 11.1.1.Partially Oriented Yarn (POY) |
| 11.1.2.Polyester Fully Drawn Yarn (FDY |
| 11.1.3.Polyester Drawn Textured Yarn (DTY) |
| 11.2. Application Analysis 2019 - 2023 and Forecast 2024 - 2030 by Sales Value USD Million, Y-o-Y Growth (%), and Market Share (%) |
| 11.2.1.Textile & Apparel |
| 11.2.2.Home Furnishings |
| 11.2.3.Healthcare |
| 11.2.4.Industrial |
| 11.2.5.Others |
| 11.3. Country Analysis 2019 - 2023 and Forecast 2024 - 2030 by Sales Value USD Million, Y-o-Y Growth (%), and Market Share (%) |
| 11.3.1.GCC Countries |
| 11.3.2.South Africa |
| 11.3.3.Rest of MEA |
| 12.Latin America Polyester Filament Market ,2019 - 2023 and Forecast 2024 - 2030 (Sales Value USD Million) |
| 12.1. Product Type Analysis and Forecast by Sales Value USD Million, Y-o-Y Growth (%), and Market Share (%) |
| 12.1.1.Partially Oriented Yarn (POY) |
| 12.1.2.Polyester Fully Drawn Yarn (FDY |
| 12.1.3.Polyester Drawn Textured Yarn (DTY) |
| 12.2. Application Analysis 2019 - 2023 and Forecast 2024 - 2030 by Sales Value USD Million, Y-o-Y Growth (%), and Market Share (%) |
| 12.2.1.Textile & Apparel |
| 12.2.2.Home Furnishings |
| 12.2.3.Healthcare |
| 12.2.4.Industrial |
| 12.2.5.Others |
| 12.3. Country Analysis 2019 - 2023 and Forecast 2024 - 2030 by Sales Value USD Million, Y-o-Y Growth (%), and Market Share (%) |
| 12.3.1.Brazil |
| 12.3.2.Mexico |
| 12.3.3.Rest of LA |
| 13. Competition Landscape |
| 13.1. Market Player Profiles (Introduction, Brand/Product Sales, Financial Analysis, Product Offerings, Key Developments, Collaborations, M & A, Strategies, and SWOT Analysis) |
| 13.2.1.Tepar Textiles |
| 13.2.2.Sivasakhi threads |
| 13.2.3.Indorama Ventures |
| 13.2.4.Meher International |
| 13.2.5.Reliance Industries |
| 13.2.6.Filatex India Limited |
| 13.2.7.Sarla Performance Fibers |
| 13.2.8.Thai Polyester Company |
| 13.2.9.Tongkun Group Co. Ltd |
| 13.2.10.Beximco Synthetics Limited |
| 13.2.11.BaiHong Industrial Holdings Co. |
| 14. Research Methodology |
| 15. Appendix and Abbreviations |
Key Market Players
Author
Prem Kumar with profound experience and sound knowledge across a wide range of market forecasting methods, demand forecasting, and pricing analysis, I am able to make precise projections. I have extensive practical knowledge in Time Series Analysis (TSA), Simple Linear Regression (SLR), Multiple Linear Regression (MLR), Seasonality & Trend Forecasting, and Forecasting Models for New Products, among others. Additionally, I have hands-on experience with tools such as Power BI and SQL. I am highly committed, self-motivated, and possess a strong entrepreneurial spirit. Over the past 8 years, my team and I have built a robust clientele in various sectors, including Packaging, Pharma, Medical Devices, Oil & Gas, and Chemicals & Materials. We have provided a wide range of services, from management consulting to market forecasting and survey-related projects. I am particularly proud to have provided consulting services to one of the industry’s leading COVID-19 vaccine manufacturers for a packaging-related project. In the packaging space, I have served clients across a range of segments, including packaging printing, consumer packaging, flexible packaging, rigid packaging, and pharmaceutical packaging, to name a few. I deeply appreciate the efforts of my team and am grateful to our clients for their continued trust.
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