Polyester Filament Market
Polyester Filament Market Study by Single Yarn, Ply Yarn, and Cord Yarn for Textiles, Automotive, and Healthcare from 2024 to 2034
Analysis of Polyester Filament Market Covering 30+ Countries Including Analysis of US, Canada, UK, Germany, France, Nordics, GCC countries, Japan, Korea and many more
Polyester Filament Market (2024 to 2034)
The global polyester filament market size is approximated at a value of US$ 116.2 billion in 2024 and has been analysed to increase at a CAGR of 5.1% and reach US$ 191 billion by the end of 2034.
Demand for polyester filament is increasing at a healthy pace across the globe. Manufacturers are employing advanced manufacturing technologies to enhance the efficiency of polyester filament and boost production. Bio-based polyesters are also gaining traction across the globe.
Strict environmental regulations are driving manufacturers to develop advanced green technologies such as polyester recycling, which can ultimately improve the ease of compliance with regulations. By targeting niche applications across range of end-use industries, companies are also focusing on developing more advanced polyester filament manufacturing technologies. Exceptional properties of polyester such as rigidness, flexibility, inexpensiveness is further contributing to the polyester filament market growth.
Demand for polyester filament is high compared to natural filament in apparel production owing to its durability, wrinkle resistance, minimal shrinkage, and high color retention. Asia Pacific is the focal point of world’s polyester filament yarn production, with demand largely driven by textile industry in India and China. Polyester filament is overtaking cotton as the dominant fiber in home furnishing industry with the integration of new interior designing concepts especially in developing countries.
Also, polyester filament demand in home furnishing and apparel industry is expected to remain strong during the coming 10 years. Polyester filament yarn is largely used as a substitute to cotton yarn owing to the short supply and high cotton prices, and constant improvement in manufacturing technologies of polyester filament.
- The East Asian polyester filament market size is calculated at US$ 25.9 billion for 2024.
- North America is projected to hold 34.5% of the global polyester filament market share by 2034.
| Report Attribute | Detail |
|---|---|
| Polyester Filament Market Size (2024E) | US$ 116.2 Billion |
| Forecasted Market Value (2034F) | US$ 191 Billion |
| Global Market Growth Rate (2024 to 2034) | 5.1% CAGR |
| South Korea Market Value (2034F) | US$ 6.5 Billion |
| Ply Yarn Demand Growth (2024 to 2034) | 5% CAGR |
| Key Companies Profiled |
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Why is Polyester Filament Gaining Traction Worldwide?
“Rising Use of Polyester Fiber in Medical and Surgical Devices”
Textile materials are widely adopted in medical and surgical applications. Research utilizing new and existing materials are leading to the advancement of surgical and biomedical textiles. Biodegradability, flexibility, and softness are at the forefront of medical textile development. The introduction of advanced polyester medical film is a notable polyester filament market trend.
Demand for polyester fabric in implantable devices is growing significantly. Polyester polymer is emerging as the major material in medical textile implant devices. Materials including polyester low-density filaments and polyester multi-filament are largely used as textile medical implants for artificial tendon, heart valves, vascular grafts, and artificial ligament.
Owing to the good mechanical and chemical properties, and low moisture absorption, the use of polyester fiber is increasing in the production of artificial grafts. Polyester filament is emerging as a chief substitute for cotton in healthcare uniform market. 100% polyester is considered as sustainable alternative to polyester-cotton blended fabrics, owing to its easy recyclability, comfort, and lowest survival of harmful micro-organisms on surface of polyester as compared to cotton.
The medical textile industry is witnessing healthy growth in India due to the rise in medical tourism and easy availability of products. Respective governments across the globe are also contributing to the research of technical textiles and promoting the use of non-woven textiles in their government hospitals.
“Polyester Filament More Widely Consumed Compared Cotton and Nylon”
Polyester filament has its applications in various end-use industries including textile, automotive, healthcare and others. Due to the extraordinary properties of the polyester filament, manufactures mostly prefer it for making protective clothing fabric.
Ease of it uses and a wide range of industrial applications are the primary factors behind the overall market growth of polyester filament. Also, polyester filament is cheaper than its substitutes (nylon and cotton), which is making it more suitable material to be used for several applications. The rapid increase in the dyed polyester adopted by the automotive and textile industry is also influencing the overall market growth.
What Challenges are Encountered by Polyester Filament Producers?
“Crude Oil Price Fluctuations Directly Influencing Polyester Filament Rates”
Cost of synthetic fiber is witnessing constant rise in Asia Pacific. China with world’s largest polyester filament production capacity is also lifting the price of polyester filament yarn with upward fluctuation in crude oil prices. Moreover, fiber suppliers are reluctant to reduce the price by looking into the strong demand. It is so obvious that the market price of polyester filament is fluctuating with the crude oil price but at the same time price can be maintained if the requirement is at higher side.
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Start-up Ecosystem
- Kintra Fibers United States-based start-up offer materials that acts as traditional technical yarns and can degrade as any natural fiber. The company’s bio-cycle proprietary polymer is gaining traction in market.
- Founded in 2022 HeiQ AeoniQ a Switzerland-based company is emerging as a leader in textile innovations. Through their advanced manufacturing techniques HeiQ AeoniQ has developed the first climate-positive continuous cellulose filament yarn in the world.
Country-wise Analysis
Will the United States Be a High-Growth Market for Polyester Filament Producers?
“Polyester Filament Sales Majorly Driven by Domestic Consumption”
| Attribute | United States |
|---|---|
| Market Value (2024E) | US$ 27.2 Billion |
| Growth Rate (2024 to 2034) | 5.9% CAGR |
| Projected Value (2034F) | US$ 48.8 Billion |
United States is the third largest textile output across the globe after China and India. Considering the growing demand from textile industry the country is also focusing on increasing its polyester fiber production. The country is also involved in export of polyester fiber but still the growing domestic consumption is the primary reason behind the overall market growth in the United States. The presence of technologically advanced industry leaders is also contributing to the increasing sales of polyester fibers.
How are Polyester Filament Manufacturers Faring in China?
“China Prime Producer of Polyester Fibers in the World”
| Attribute | China |
|---|---|
| Market Value (2024E) | US$ 14.7 Billion |
| Growth Rate (2024 to 2034) | 6.2% CAGR |
| Projected Value (2034F) | US$ 26.9 Billion |
China is considered as the world’s biggest producer of polyester fibers. Non apparel application of polyester fibers is gaining traction in China. Polyester staple fibers are durable, and easy to use and care. These features are making them a popular option in the textile industry. The versatility, durability, and cost-effectiveness of polyester fibers are further driving their application across various industries such as in home furnishings, automotive, and industrial apparel in China.
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Category-wise Analysis
Which Type of Polyester Filament is More Widely Consumed?
“Non-dyed Polyester Filament Holds Major Market Share”
| Attribute | Non-Dyed |
|---|---|
| Segment Value (2024E) | US$ 63 Billion |
| Growth Rate (2024 to 2034) | 5.3% CAGR |
| Projected Value (2034F) | US$ 105.3 Billion |
Non-dyed polyester filament is expected to exhibit healthy demand during the forecasted period. Compared to dyed fabric, end-use industries across the globe prefer using non-dyed polyester filament. Using effective and advanced dying process the user can dye their polyester fabric according to their need. Some end-use industries such as automotive have some particular dye demand because of which they prefer using non-dyed polyester filament.
Which Yarn Type is Highly Popular in This Market?
“Single Yarn Widely Used in Embroidery Process to Enhance Fabric Value”
| Attribute | Single Yarn |
|---|---|
| Segment Value (2024E) | US$ 70.3 Billion |
| Growth Rate (2024 to 2034) | 5.2% CAGR |
| Projected Value (2034F) | US$ 116.2 Billion |
Single yarns or one-ply yarns are group of filaments combined together by least twist. These monofilaments are widely used for embroidery process. Single synthetic filaments with sufficient thickness are use alone as yarn to make the greatest variety of fabrics. Single polyester filament yarn is majorly used in hand knitting. Their light weight and durability increases the value of fabric.
Competitive Landscape
Some of the key players in the polyester filament market are Filatex India Limited, Meher International, Thai Polyester Company, Beximco Synthetics Limited, Tepar Textiles, and Indorama Ventures. The majority of the share in the market is concentrated among tier 3 players.
Most of the tier 3 companies are based in the Asia Pacific region, including Thailand, China, Japan, and India. The companies located in Asia Pacific are exporting polyester filament to Europe, where most of the synthetic fiber is used in apparel.
Leading companies are focusing on advancing filament processing technology designing. This move is expected to offer them high-growth opportunities in the coming decade. Meanwhile, tier 1 and tier 2 players are entering into strategic partnerships and mergers & acquisitions to consolidate their position globally.
Key Segments of Polyester Filament Market Research
-
By Yarn Type :
- Single Yarn
- Ply Yarn
- Cord Yarn
-
By Dyeing Process :
- Dyed
- Non-Dyed
-
By End-Use Industry :
- Textiles
- Automotive
- Healthcare
- Others
-
By Region :
- North America
- Latin America
- Western Europe
- Eastern Europe
- East Asia
- South Asia & Pacific
- Middle East & Africa
- FAQs -
What is the polyester filament market size in 2024?
The global polyester filament market is evaluated at US$ 116.2 billion in 2024.
At what rate is the demand for polyester filament expected to grow?
Demand for polyester filament is projected to increase at a CAGR of 5.1% from 2024 to 2034.
What are the forecasted sales for polyester filaments by 2034?
The market for polyester filaments is forecasted to reach US$ 191 million by 2034.
How are fast sales of polyester filaments rising in South Korea?
The South Korea market is approximated at US$ 3.1 billion in 2024 and is projected to increase at a CAGR of 7.9% through 2034.
Which is the top polyester filament producing country?
China is the world’s largest producer of polyester filaments.
Who are the top suppliers of polyester filament?
Some of the leading manufacturers are Thai Polyester Company, Tepar Textiles, and Beximco Synthetics Limited.
Polyester Filament Market
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