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Polyester Fiber Market Share
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.
How big is the polyester fiber market?
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.
Why is the use of PET polyester fibers rising?
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.
Why is the polyester fiber industry booming in Asia Pacific?
Asia Pacific market is expected to witness 5.2% CAGR through 2032, driven by rapid industrialization, urbanization, and a booming textile industry.
Who are the major polyester fiber industry players?
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.