Textile Industry Accounts for Over 60% of Revenue Share in Polyester Filament Market
The report on the polyester filament market focuses on the all the factors influencing the polyester filament market growth. The study also provides actionable and valuable insights on the market. Historical data and forecast on the polyester filament market is also included in the report. The report provides details on the market dynamics including key trends, growth opportunities, market driving factors, and restraints in the polyester filament market.
The polyester filament market report also provides an overview of the market including important information on the current scenario in the polyester filament market, along with the segment-wise and region-wise analysis. The report also elaborate market demand, company competition and factors influencing price and sales of polyester filament globally.
The polyester filament market is likely to witness a revenue generation surpassing US$ 87,000 million by 2018 end. A significant growth in the use of polyester in textile industry including apparel and home furnishing and growing demand for polyester filament in manufacturing of automotive textile are some of the prominent factors driving the polyester filament market revenues.
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Polyester textile filament is a main category of polyester filament finding wide usage in textile and fabrics production used to produce apparel, footwear, and home furnishing. The demand for polyester filament is growing rapidly compared to natural filament in apparel production owing to its durability, wrinkle resistance, minimal shrinkage, and high color retention.
Northeast Asia 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 new interior designing concepts and growing urbanization, especially in developing countries.
Market Segmentation
The polyester filament market is segmented on the basis of yarn type, type, end-use industry, and dyeing process. The key segments in the polyester filament market are further segmented into sub-segments to offer better understanding of the polyester filament market.
On the basis yarn type, the polyester filament market is segmented into single yarn, ply yarn, and cord yarn. Based on the type, the market segment includes Drawn Texture Yarn (DTY), Fully Drawn Yarn (FDY), and Partially Oriented Yarn (POY). By end-use industry, the polyester filament market is segmented into textile industry, automotive industry, healthcare, and other end-use industry. Based on the dyeing process, the polyester filament market is segmented into dyed and non-dyed.
APEJ to Remain at the Pole Position in Polyester Filament Market
According to the Fact.MR study, APEJ will be the most lucrative market for polyester filaments. The demand is expected to surpass US$ 14,000,000 tons by 2018-end. China, India, Indonesia, and Thailand are the major countries in APEJ dealing in polyester filament market. Polyester and nylon fiber manufacturers in Asia Pacific have also increased the prices with the rise in crude oil prices and growing demand for synthetic fibers.
Additional Questions Answered
The report on the polyester filament market answers some vital questions the polyester filament market scenario. Some of the additional questions answered include-
- Which industry is expected to be the largest user of polyester filament in the coming years?
- What are the factors hampering the growth of polyester filament market?
- Which region will account for the largest revenue share in the polyester filament market?
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