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Polyester Fiber Market Share

Report ID: GMI2120
Published Date: Jul 2024
Report Format: PDF

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Polyester Fiber Market Share

Polyester Fiber Market Company Share, (2023)

Prominent players, such as Toray Industries and Reliance Limited, play integral roles in driving growth and innovation within the market. Their major growth strategies typically include expanding production capacities, investing in advanced manufacturing technologies, and enhancing their recycling capabilities to meet the increasing demand for sustainable products.

They are also forming strategic partnerships and joint ventures to strengthen their market presence and access new markets. Additionally, companies are focusing on product innovation to cater to diverse industry requirements and improve product performance. Continuous investments in research and development are enabling these companies to introduce high-quality, eco-friendly polyester fibers and stay competitive in a rapidly evolving market.

Polyester Fiber Market Companies

Major players operating in the polyester fiber industry include:

Indorama Ventures Public Company Limited
Toray Industries, Inc.
Alpek S.A.B. de C.V.
Reliance Industries Limited
Sinopec Yizheng Chemical Fibre Company Limited
Teijin Limited
William Barnet & Son, LLC
Far Eastern New Century Corporation
Nan Ya Plastics Corporation
Tongkun Group Co., Ltd.

Authors: Kiran Pulidindi, Kunal Ahuja

Frequently Asked Questions (FAQ) :

Global industry size for polyester fiber was valued at USD 120 billion in 2023 and is anticipated to register 5.1% CAGR between 2024 and 2032 driven by technological advancements in production process and growth in automotive and industrial applications.

The PET segment in the polyester fiber market is expected to record 4.9% CAGR during 2024-2032, due to its extensive use in various applications, such as clothing, packaging, and industrial fabrics.

Asia Pacific market is expected to witness 5.2% CAGR through 2032, driven by rapid industrialization, urbanization, and a booming textile industry.

Indorama Ventures Public Company Limited, Toray Industries, Inc., Alpek S.A.B. de C.V., Reliance Industries Limited, Sinopec Yizheng Chemical Fibre Company Limited, Teijin Limited, and William Barnet & Son, LLC, among others.