PUBLISHER: Fortune Business Insights Pvt. Ltd. | PRODUCT CODE: 1890764
PUBLISHER: Fortune Business Insights Pvt. Ltd. | PRODUCT CODE: 1890764
The global polyester fiber market continues to expand as industries increasingly rely on synthetic materials that offer durability, versatility, and cost efficiency. According to the latest market report, the polyester fiber market size reached USD 77.07 billion in 2024, supported by its extensive applications in textiles, home furnishings, automotive components, and industrial materials. The market is expected to rise to USD 82.07 billion in 2025, driven by technological advancements, growing demand for affordable fabrics, and increasing adoption of recycled polyester. By 2032, the market is projected to reach USD 129.97 billion, indicating a strong and consistent upward momentum supported by a CAGR of 6.8% during 2025-2032.
Polyester fiber, a synthetic product derived from petroleum-based chemicals, is known for its strength, wrinkle resistance, and shape retention capabilities. In 2024, Asia Pacific dominated the global market with a share of 65.32%, valued at USD 50.34 billion, highlighting the region's extensive manufacturing ecosystem and competitive production capabilities. China remains the world leader in polyester exports, reporting more than 20% year-on-year growth in filament and staple fiber shipments in 2023. India stands as the second-largest market in Asia, while Vietnam, Bangladesh, and Indonesia continue to rise as strong production hubs.
2024 Market Overview
In 2024, the market reached USD 77.07 billion, driven by rapid growth in the textile and apparel sector, where polyester remains the preferred fiber due to its affordability, moisture-wicking behavior, and lightweight structure. The solid segment dominated the form category in 2024, owing to its high tensile strength, while filament yarn led the product type segment due to its widespread use in performance textiles. The textile and apparel sector held the largest application share in 2024, supported by rising fashion consumption in Asia, Latin America, and Africa. The increasing presence of polyester in home furnishings-including carpets, upholstery, and bedding-also contributed to market growth.
2025 Market View
By 2025, the polyester fiber market is expected to reach USD 82.07 billion, supported by expanding industrial applications, including tire cords, conveyor belts, safety belts, and automotive interiors. The PET segment, known for its recyclability and chemical resistance, is projected to remain the dominant grade in 2025. Growth will also be driven by technological advancements in recycled polyester, as brands focus on sustainability to meet consumer demand and regulatory requirements. The expansion of digital textile printing, which benefits from polyester's strong color retention, further supports market growth.
2032 Market Outlook
The market is forecast to reach USD 129.97 billion by 2032 as innovations in fiber enhancement and sustainability reshape product offerings. Recycled polyester (rPET) will play a critical role in future demand, particularly as global sustainability initiatives intensify. According to Textile Exchange, rPET production grew from 11% in 2010 to 15% in 2020, reflecting rising environmental awareness and improved recycling technologies. Additionally, polyester's increasing use in technical textiles-such as medical fabrics, filtration systems, and construction materials-will expand its influence beyond traditional textile applications.
Asia Pacific continues to dominate global production due to its strong supply chain integration, low manufacturing costs, and high consumption rates. North America remains a mature market with increasing adoption of recycled fibers in automotive and industrial sectors. Europe focuses heavily on circular economy initiatives, with Germany and Italy investing in premium polyester products and recycling systems. Latin America, particularly Brazil and Mexico, is modernizing its textile manufacturing base, while Middle Eastern countries expand polyester output through integrated petrochemical capacities.
Competitive Landscape
Key companies include Reliance Industries Limited, Indorama Ventures Public Company Limited, Toray Industries, Sinopec Yizheng Chemical Fibre, Zhejiang Hengyi Group, Tongkun Holding Group, and Far Eastern New Century Corporation. These players prioritize capacity expansions, recycled fiber technologies, and collaborations to strengthen global competitiveness. Recent developments include Indorama Ventures' 2024 sustainability consortium and ADVANSA's 2025 launch of 100% recycled ADVAtex polyester fiber.
Segmentation By Form, By Grade, By Product Type, By Application, and By Region
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