Polyester Fiber Market statistics and research analysis released in latest report

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Polyester Fiber Market statistics and research
analysis released in latest report
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• Overview

• Polyester Fiber Market size will likely surpass
  USD 165 billion by 2024 according to a new
  research report by Global Market Insights,
  Inc.Polyester is said to have superior quality,
  firm strength, and with wrinkle-free,
  tear-resistant, and reduced shrinking properties.
  
• These properties help the fiber in maintaining
  strength once woven in certain cloth. Using of
  such superior quality material in the apparels,
  home textiles, furnishing, carpets, and other
  such products enhances its quality and looks.
  Apart from these, the product is also used for
  insulating and cushioning purposes along with
  tire reinforcements which further augments the
  polyester fiber market.
• Extensive use of the product in apparels, home
  furnishing decor, mattresses, and other
  textiles will catalyze the polyester fiber market
  in the future years.

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• Some of the substitutes for the product are
  nylon, cotton, wool, and others. Polyester fiber
  offers superior properties and is cost-effective
  than the substitute products making it one of the
  preferred materials for the textile manufacturers
• Increasing use of this cost efficient and
  superior quality product in fabrics used for
  industrial purposes will further drive the
  polyester fiber market in the upcoming years.
• The product is synthetically made from petroleum
  and used extensively in preparing industrial
  fabrics, apparels, textile products, and rugs
  carpets. Raw materials essential for the
  production of these fibers are downstream
  derivative products of crude oil.
• Volatility in the petroleum prices in the current
  global scenario, leading to fluctuating raw
  material prices, may act as restraints for the
  polyester fiber market in the forecast period

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• 360 Analysis

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• PCDT is appropriate for stronger and heavier
  applications, for instance, industrial textiles,
  draperies, and furniture coverings. Rising
  building construction activities especially in
  the BRICS nations will influence the furniture
  industry in the future years. Growing furniture
  demand in these regions will further augment the
  polyester fiber market demand in the forecast
  period.
• Polyester fiber market is classified on the basis
  of products as hollow and solid. The hollow fiber
  acts as a filler to the clothing and other
  materials. The segment will witness growth with a
  substantial CAGR of around 7.5 in the forecast
  timespan. Solid segment holds a prominent share
  in global polyester fiber market and will spur to
  capture a over three-quarters of the industry
  share in coming years.
• Asia Pacific, in terms of revenue is a major
  segment and holds in excess of 65 of the global
  polyester fiber market share and is poised to
  increase in the upcoming years. North America and
  Europe will see growth at a sluggish rate owing
  to the increasing trends of using organic fabrics
  for apparels as well as home textiles.

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Competitive Trends

• The notable industries Polyester Fiber are
• Indorama Ventures
• Reliance Industries
• Toray Industries
• Märkische Faser GmbH
• Sarla Performance Fibers

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