Fior Markets launched a study titled “Global Polyester Filament Market by Type (Partially Oriented Yarn (POY), Polyester Fully Drawn Yarn (FDY), Polyester Drawn Textured Yarn (DTY), Other), Application, Region, Global Industry Analysis, Market Size, Share, Growth, Trends) and Global Forecast 2018-2025.
The Global Polyester Filament market is expected to grow from USD xx Million in 2017 to USD xx Million by 2025 at a CAGR of xx% during the forecast period from 2018-2025. Growing demand for polyester filament in manufacturing of automotive textile, development of technical textile industry and favourable government policies and positive movement in international prices of the raw materials are some factors affecting the growth of the market.
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The type segment is classified into Partially Oriented Yarn (POY), Polyester Fully Drawn Yarn (FDY), Polyester Drawn Textured Yarn (DTY) and other. The fully drawn polyester filament sales are likely to outsell other types of polyester filaments. Increased preference for fully drawn yarn used in production of textiles and fabrics for high-end sportswear, undergarments, and home textiles are driving the significant growth of fully drawn yarn in polyester filament market.The demand for both drawn texture yarn and fully drawn yarn is growing in the textile industry. However, with the development of post-treatment technology and lower cost of fully drawn yarn, it is likely to outsell drawn texture yarn over the next few years.
The application segment includes recycle polyester, performance and functional wear fabrics, home textiles and other. The demand for recycled polyester filament is growing in apparel, fashion, and retail industries moving towards development and production of new products. Developed countries around the world are supporting the idea of using recycled polyester in various industries. Brands are increasingly incorporating recycled polyester filament yarns made from plastic bottles in the apparel products.
Regional Segmentation Analysis:
The market is analysed on the basis of five regions namely North America, Europe, Asia Pacific, South America, and Middle East and Africa. The Asia Pacific region is a major consuming region globally, where the fast-growing textile Industries (weaving, garment manufacturing, dyeing and finishing) have been consuming increasing amounts of polyester fibres. By far, China holds major proportion of overall polyester consumption in Asia region, followed by India and Southeast Asia
The major players ofmarketinclude Tongkun Group, Reliance, Zhejiang Hengyi Group, Shenghong, Xin Feng Ming Group, Hengli Group, Million Industrial, Jiangsu Sanfangxiang Group, Nanya, Rongsheng PetroChemical, Sinopec Yizheng Chemical Fibre, Zhejiang GuXianDao Industrial Fiber, Far Eastern New Century, DAK Americas, Advansa, Lealea Group
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