The MarketWatch News Department was not involved in the creation of this content.
Mar 28, 2021 (Market Insight Reports) —
The Global Polyester Textile Filament market is forecast to reach USD 69.20 Billion by 2027, according to a new report by Reports and Data. Polyester Textile Filament is one of the most commonly used synthetic filament. Synthetic fibers can be described as filaments that are man-made, with the help of chemical synthesis, contrary to natural fibers that are derived from living organisms. This filament finds application in the industrial manufacturing sector and numerous other areas of application. These find usage in apparel for jackets, overcoats, and protective clothing, among others. In residential furnishings, these fibers have widespread usage ranging from curtain fabrics to furniture coverings, table and bed linen to wall and floor coverings, and pillows, and pillow stuffing. The fast-drying and lightweight features of polyester filament makes it a commonly used material in sportswear, which is expected to drive the market growth in the forecast period. Its non-biodegradable property and corrosion resistance have resulted in its wide application and demand from the automotive sector.
In regards to region, North America can be seen to occupy a considerable share of the market. The market share held by the region is attributed to the developed automotive industry and advancing apparel sector that is supporting the expansion of the market in this region.
Key participants include Meher International, Filatex India Limited, Sivasakhi Threads, Thai Polyester Company, Sarla Performance Fibers, Beximco Synthetics Limited, Indorama Ventures, Tepar Textiles, Fujian Jinlun Fiber Shareholding Company Limited and Reliance Industries.
To Get Sample Copy of Report visit @ https://www.reportsanddata.com/sample-enquiry-form/2881
For the purpose of this report, Reports and Data have segmented the global Polyester Textile Filament market according to Product Type, End-user, Application, and Region:
Product Type Outlook (Volume, Kilo Tons; Revenue, USD Billion; 2017-2027)
- Partially Oriented Yarn (POY)
- Polyester Drawn Textured Yarn (DTY)
- Polyester Fully Drawn Yarn (FDY)
- Others
End-user Outlook (Volume, Kilo Tons; Revenue, USD Billion; 2017-2027)
- Healthcare sector
- Automotive industry
- Garment industry
- Others
Application Outlook (Volume, Kilo Tons; Revenue, USD Billion; 2017-2027)
- Apparel
- Home furnishing
- Footwear
- Medical textile
- Automobile parts
- Others
Regional Outlook (Volume, Kilo Tons; Revenue, USD Billion; 2017-2027)
- North America
- Europe
- Asia Pacific
- MEA
- Latin America
Further key findings from the report suggest
- The Polyester Textile Filament market held a market share of USD 53.96 Billion in the year 2019 that is forecasted to grow at a rate of 3.1% during the forecast period.
- In context to Product Type, the Polyester Drawn Textured Yarn (DTY) segment is projected to witness a considerable growth rate of 3.6% during the forecast period, which is expected to occupy more than 25.0% of the market by 2027. DTY is used in manufacturing textiles and fabrics for high-end sports shoes, high-end apparel, home furnishings, sports bags, and zipper tapes. Growing demand for sportswear and home furnishing is contributing to the growth rate witnessed by this segment.
- In context to Application, the Medical textile segment is projected to witness a considerable growth rate of 4.0% during the forecast period, which is expected to hold more than 15.0% of the market share by 2027. The growth rate witnessed by the Medical textile segment is attributed to increasing demand for this textile and expansion of medical tourism in regions like India, which is resulting in growing demand for this textile in the healthcare sector.
- In regards to End-user, the Garment industry segment held a considerable share of the market, which held more than 60.0% of the market in 2019, with a CAGR of 3.2% during the forecast period. Fabrics knitted or woven from polyester or polyester thread are used widely in apparel for pants, jackets, hats due to its traits like fast-drying and lightweight features, which contribute to the market share held by this segment…Continued
Table of Content:
Chapter 1. Market Synopsis
1.1. Market Definition
1.2. Research Scope & Premise
1.3. Methodology
1.4. Market Estimation Technology
Chapter 2. Executive Summary
2.1. Summary Snapshot, 2019-2027
Chapter 3. Indicative Metrics
Chapter 4. Polyester Textile Filament Market Segmentation & Impact Analysis
4.1. Polyester Textile Filament Market Segmentation Analysis
4.2. Industrial Outlook
4.2.1. Market indicators analysis
4.2.2. Market drivers analysis
4.2.2.1. The scope for applications in the healthcare sector
4.2.2.2. The expanding garment industry
4.2.2.3. Increasing demand from the automotive sector
4.2.3. Market restraints analysis
4.2.3.1. The fluctuating price of raw materials
4.2.3.2. Availability of alternatives
Continued…
To get a detailed Table of Content, Visit Here @ https://www.reportsanddata.com/report-detail/polyester-textile-filament-market/toc
About Us:
Reports and Data is a market research and consulting company that provides syndicated research reports, customized research reports, and consulting services. Our solutions purely focus on your purpose to locate, target and analyze consumer behavior shifts across demographics, across industries and help client’s make a smarter business decision. We offer market intelligence studies ensuring relevant and fact-based research across a multiple industries including Healthcare, Technology, Chemicals, Power and Energy. We consistently update our research offerings to ensure our clients are aware about the latest trends existent in the market.
Contact Us:
John W
Head of Business Development
40 Wall St. 28th floor New York City
NY 10005 United States
Direct Line: +1-212-710-1370
COMTEX_383558912/2599/2021-03-28T21:49:43
Is there a problem with this press release? Contact the source provider Comtex at editorial@comtex.com. You can also contact MarketWatch Customer Service via our Customer Center.
The MarketWatch News Department was not involved in the creation of this content.
