The global Polyester Filament Yarn Market is expected to reach USD 91.76 Billion by 2028, according to a new report by Reports and Data. The growth of the market is attributed to the increasing applications of polyester filament yarns amongst the end-users.
The increasing use of polyester filament yarn in the textile industry is likely to drive the growth of the market in the upcoming years. The polyester filament yarns possess good elasticity, shape retention, wrinkle resistance, exceptional wash wear performance, washability, and longevity, among others, and as a result, finds extensive application in various types of apparel fabrics. It is used to make fashionable dresses, weather-resistant clothing, and is a preferred material for children’s wear.
Growing demand from the construction industry is likely to boost the market demand. Polyester Fiber Reinforced Concrete (PFRC) is used in cement concrete pavement material. Polyester filament yarns are resistant to alkali attacks, and PFRC finds usage as overlays and in pavement quality concrete. The application of fibers may result in cement saving of nearly 10.0%, and with fly ash, the cement saving may be increased to about 35.0%. Polyester filament yarns, owing to their non-biodegradable property, are used in cement concrete road works, thereby assisting in the conservation of environment.
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Top Companies:
Tongkun Group Co. Ltd., Shenghong Corp., Xin Feng Ming Group, Reliance Industries Ltd., Reliance Industries Ltd., William Barnet Son LLC, Hengli Group, Indorama Ventures Public Company Limited, Polyfibre Industries, Toray Industries Inc., and GreenFiber International SA, among others.
Market Insights:
The energy sector or industry comprises players involved in production and exploration of oil or gas reserves, oil and gas drilling, and refining. The energy industry also covers integrated power utility companies such as renewable energy and coal. Companies in the energy industry are classified based on how the energy is sourced such as non-renewables or fossil fuels and renewables such as solar.
The energy sector is an important driver of industrial growth, providing fuel to power the rest of the economy. The demand for energy will increase significantly in the coming years, driven by economic growth, urbanisation, rising incomes and industrial activity. Increasing emphasis of governments across the globe increasing emphasis on renewable energy, including grid-connected and off-grid systems is expected to stimulate market growth during the forecast period.
Regional Outlook:
North America and Europe are largely focusing on researches to maximize the solar potential. Also, Middle East and Africa have also gained traction owing to increase in applications of solar energy for power generation, agriculture, and architecture. These factors are expected offer lucrative ground for the expansion of power and energy market in the forecast period.
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The initial phase/stage of research includes the formulation of a preliminary hypothesis, which was considered from the primary as well as secondary approaches. The subsequent stages involved the triangulation of the data gathered from these two approaches. To determine the market trends and opportunities, the global Polyester Filament Yarn market report has been segmented on the basis of types, technology, application, End-user and regions.
Regions covered by the report:
North America (U.S.A., Canada, Mexico)
Europe (U.K., Italy, Germany, France, Rest of Europe)
Asia Pacific (India, Japan, China, South Korea, Australia, Rest of APAC)
Latin America (Chile, Brazil, Argentina, Rest of Latin America)
Middle East Africa (Saudi Arabia, U.A.E., South Africa, Rest of MEA)
Polyester Filament Yarn Market Segmentation:
Product Type Outlook
Partially Oriented Yarn (POY)
Fully Drawn Yarn (FDY)
Drawn Textured Yarn (DTY)
Others
Raw Material Outlook
Polyethylene Terephthalate
Poly-1, 4-Cyclohexylene Dimethylene (PCDT)
Others
Application Outlook
Tire Cords
Mechanical Rubber Goods
Non-Woven Fabrics
Apparels
Others
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