Market Overview:
The global polyester filament market is expected to grow at a CAGR of 5.5% from 2018 to 2030. The market growth is attributed to the increasing demand for polyester filament in tire cord, clothes, and other applications. Polyester filament is a synthetic fiber that is made from petroleum-based products. It has high strength, low weight, and good resistance to chemicals and moisture. These properties make it suitable for use in various applications such as tire cord, clothes, ropes & cables, automotive parts & accessories etc.
Product Definition:
A filament is a very thin wire of metal, plastic, or other material. Polyester filament is a type of synthetic fiber made from polyethylene terephthalate (PET). It is used to make products such as clothing, carpets, and furniture.
Primary silk:
Primary silk is the raw material which is extracted from the cocoon of caterpillar of a certain insect called Saturnia juniperi. It has high tensile strength and elasticity, which makes it suitable for manufacturing fine quality fabrics. The product also has superior antibacterial properties, making it useful in manufacturing surgical suture as well as medical gloves.
Drawing the wire:
The drawing the wire process is used to produce high tensile polyester filaments. It is a two-step process, firstly melting of drawn wires in an extruder and secondly forming them into the desired shape with a die. The extruded product then gets cut into lengths and wound onto bobbins before being sent for commercial use.
Application Insights:
Tire cord application segment led the global polyester filament market in 2017. It is extensively used in the automotive industry to manufacture tires for various vehicles, including passenger cars, light commercial vehicles (LCVs), and heavy commercial vehicles (HCVs). The growth of the LCV and HCV segments can be attributed to increasing sales of these types of vehicles as a result of growing middle-class population that requires larger vehicle sizes. This has resulted in increased demand for high-performance tires with enhanced grip, which is expected to boost product consumption over the forecast period.
Clothes application segment was valued at USD 281.5 million in 2017 owing to rising use of polyester filaments by apparel manufacturers worldwide for manufacturing sportswear, activewear & intimate wear products due to its excellent properties such as strength and stretchability along with low cost coupled with good quality resulting into savings on overall costs associated with production making it an ideal choice among other materials used globally for manufacturing such clothing products.
Regional Analysis:
Asia Pacific dominated the global market in terms of revenue with a share of over 45% in 2017. The region is expected to witness significant growth over the forecast period owing to increasing demand for polyester filament from key application industries such as tire cord, clothing and others. In addition, rising population coupled with rapid urbanization has resulted in an increased demand for consumer goods such as apparel and footwear which will further propel industry growth.
The growing automotive sector across Asia Pacific countries including China, India and Thailand is anticipated to be a major driving force for product consumption since it is used extensively in manufacturing car tires. Moreover, expansion of industrial facilities along with favorable government policies aimed at promoting domestic manufacturing output will boost industry size thereby supporting price gains over the next eight years.
Europe was estimated at USD X million accounting for 7% share of overall revenue in 2017 on account of high consumption levels from end-use industries such as textile machinery.
Growth Factors:
- Increasing demand from the automotive and textile industries
- Growing popularity of polyester filament yarn among knitters and weavers
- Rising demand for lightweight fabrics in sportswear and other apparels
- Technological advancements in filament production process
- Growing awareness about the benefits of using polyester filament yarns
Scope Of The Report
Report Attributes
Report Details
Report Title
Polyester Filament Market Research Report
By Type
Primary silk, Drawing the wire, Deformation of silk
By Application
Tire Cord, Clothes, Others
By Companies
Hyosung, Kordsa Global, Kolon Industries, SRF Ltd, Performance Fibers, Firestone, Maduratex, Kordarna Plus A.S., Teijin, Milliken & Company, Hyosung
Regions Covered
North America, Europe, APAC, Latin America, MEA
Base Year
2021
Historical Year
2019 to 2020 (Data from 2010 can be provided as per availability)
Forecast Year
2030
Number of Pages
228
Number of Tables & Figures
160
Customization Available
Yes, the report can be customized as per your need.
Global Polyester Filament Market Report Segments:
The global Polyester Filament market is segmented on the basis of:
Types
Primary silk, Drawing the wire, Deformation of silk
The product segment provides information about the market share of each product and the respective CAGR during the forecast period. It lays out information about the product pricing parameters, trends, and profits that provides in-depth insights of the market. Furthermore, it discusses latest product developments & innovation in the market.
Applications
Tire Cord, Clothes, Others
The application segment fragments various applications of the product and provides information on the market share and growth rate of each application segment. It discusses the potential future applications of the products and driving and restraining factors of each application segment.
Some of the companies that are profiled in this report are:
- Hyosung
- Kordsa Global
- Kolon Industries
- SRF Ltd
- Performance Fibers
- Firestone
- Maduratex
- Kordarna Plus A.S.
- Teijin
- Milliken & Company
- Hyosung
Highlights of The Polyester Filament Market Report:
- The market structure and projections for the coming years.
- Drivers, restraints, opportunities, and current trends of market.
- Historical data and forecast.
- Estimations for the forecast period 2030.
- Developments and trends in the market.
- By Type:
- Primary silk
- Drawing the wire
- Deformation of silk
- By Application:
- Tire Cord
- Clothes
- Others
- Market scenario by region, sub-region, and country.
- Market share of the market players, company profiles, product specifications, SWOT analysis, and competitive landscape.
- Analysis regarding upstream raw materials, downstream demand, and current market dynamics.
- Government Policies, Macro & Micro economic factors are also included in the report.
We have studied the Polyester Filament Market in 360 degrees via. both primary & secondary research methodologies. This helped us in building an understanding of the current market dynamics, supply-demand gap, pricing trends, product preferences, consumer patterns & so on. The findings were further validated through primary research with industry experts & opinion leaders across countries. The data is further compiled & validated through various market estimation & data validation methodologies. Further, we also have our in-house data forecasting model to predict market growth up to 2030.
Regional Analysis
- North America
- Europe
- Asia Pacific
- Middle East & Africa
- Latin America
Note: A country of choice can be added in the report at no extra cost. If more than one country needs to be added, the research quote will vary accordingly.
The geographical analysis part of the report provides information about the product sales in terms of volume and revenue in regions. It lays out potential opportunities for the new entrants, emerging players, and major players in the region. The regional analysis is done after considering the socio-economic factors and government regulations of the countries in the regions.
How you may use our products:
- Correctly Positioning New Products
- Market Entry Strategies
- Business Expansion Strategies
- Consumer Insights
- Understanding Competition Scenario
- Product & Brand Management
- Channel & Customer Management
- Identifying Appropriate Advertising Appeals
8 Reasons to Buy This Report
- Includes a Chapter on the Impact of COVID-19 Pandemic On the Market
- Report Prepared After Conducting Interviews with Industry Experts & Top Designates of the Companies in the Market
- Implemented Robust Methodology to Prepare the Report
- Includes Graphs, Statistics, Flowcharts, and Infographics to Save Time
- Industry Growth Insights Provides 24/5 Assistance Regarding the Doubts in the Report
- Provides Information About the Top-winning Strategies Implemented by Industry Players.
- In-depth Insights On the Market Drivers, Restraints, Opportunities, and Threats
- Customization of the Report Available
Frequently Asked Questions?
Polyester filament is a type of plastic that is made from a long chain of repeating units called polymers. Polyester filament is often used in 3D printing because it can be heated to high temperatures and extruded through a nozzle, which makes it an ideal material for creating objects with intricate details.
Some of the major players in the polyester filament market are Hyosung, Kordsa Global, Kolon Industries, SRF Ltd, Performance Fibers, Firestone, Maduratex, Kordarna Plus A.S., Teijin, Milliken & Company, Hyosung.
The polyester filament market is expected to grow at a compound annual growth rate of 5.5%.
Chapter 1 Executive Summary
Chapter 2 Assumptions and Acronyms Used
Chapter 3 Research Methodology
Chapter 4 Polyester Filament Market Overview
4.1 Introduction
4.1.1 Market Taxonomy
4.1.2 Market Definition
4.1.3 Macro-Economic Factors Impacting the Market Growth
4.2 Polyester Filament Market Dynamics
4.2.1 Market Drivers
4.2.2 Market Restraints
4.2.3 Market Opportunity
4.3 Polyester Filament Market - Supply Chain Analysis
4.3.1 List of Key Suppliers
4.3.2 List of Key Distributors
4.3.3 List of Key Consumers
4.4 Key Forces Shaping the Polyester Filament Market
4.4.1 Bargaining Power of Suppliers
4.4.2 Bargaining Power of Buyers
4.4.3 Threat of Substitution
4.4.4 Threat of New Entrants
4.4.5 Competitive Rivalry
4.5 Global Polyester Filament Market Size & Forecast, 2018-2028
4.5.1 Polyester Filament Market Size and Y-o-Y Growth
4.5.2 Polyester Filament Market Absolute $ Opportunity
Chapter 5 Global Polyester Filament Market Analysis and Forecast by Type
5.1 Introduction
5.1.1 Key Market Trends & Growth Opportunities by Type
5.1.2 Basis Point Share (BPS) Analysis by Type
5.1.3 Absolute $ Opportunity Assessment by Type
5.2 Polyester Filament Market Size Forecast by Type
5.2.1 Primary silk
5.2.2 Drawing the wire
5.2.3 Deformation of silk
5.3 Market Attractiveness Analysis by Type
Chapter 6 Global Polyester Filament Market Analysis and Forecast by Applications
6.1 Introduction
6.1.1 Key Market Trends & Growth Opportunities by Applications
6.1.2 Basis Point Share (BPS) Analysis by Applications
6.1.3 Absolute $ Opportunity Assessment by Applications
6.2 Polyester Filament Market Size Forecast by Applications
6.2.1 Tire Cord
6.2.2 Clothes
6.2.3 Others
6.3 Market Attractiveness Analysis by Applications
Chapter 7 Global Polyester Filament Market Analysis and Forecast by Region
7.1 Introduction
7.1.1 Key Market Trends & Growth Opportunities by Region
7.1.2 Basis Point Share (BPS) Analysis by Region
7.1.3 Absolute $ Opportunity Assessment by Region
7.2 Polyester Filament Market Size Forecast by Region
7.2.1 North America
7.2.2 Europe
7.2.3 Asia Pacific
7.2.4 Latin America
7.2.5 Middle East & Africa (MEA)
7.3 Market Attractiveness Analysis by Region
Chapter 8 Coronavirus Disease (COVID-19) Impact
8.1 Introduction
8.2 Current & Future Impact Analysis
8.3 Economic Impact Analysis
8.4 Government Policies
8.5 Investment Scenario
Chapter 9 North America Polyester Filament Analysis and Forecast
9.1 Introduction
9.2 North America Polyester Filament Market Size Forecast by Country
9.2.1 U.S.
9.2.2 Canada
9.3 Basis Point Share (BPS) Analysis by Country
9.4 Absolute $ Opportunity Assessment by Country
9.5 Market Attractiveness Analysis by Country
9.6 North America Polyester Filament Market Size Forecast by Type
9.6.1 Primary silk
9.6.2 Drawing the wire
9.6.3 Deformation of silk
9.7 Basis Point Share (BPS) Analysis by Type
9.8 Absolute $ Opportunity Assessment by Type
9.9 Market Attractiveness Analysis by Type
9.10 North America Polyester Filament Market Size Forecast by Applications
9.10.1 Tire Cord
9.10.2 Clothes
9.10.3 Others
9.11 Basis Point Share (BPS) Analysis by Applications
9.12 Absolute $ Opportunity Assessment by Applications
9.13 Market Attractiveness Analysis by Applications
Chapter 10 Europe Polyester Filament Analysis and Forecast
10.1 Introduction
10.2 Europe Polyester Filament Market Size Forecast by Country
10.2.1 Germany
10.2.2 France
10.2.3 Italy
10.2.4 U.K.
10.2.5 Spain
10.2.6 Russia
10.2.7 Rest of Europe
10.3 Basis Point Share (BPS) Analysis by Country
10.4 Absolute $ Opportunity Assessment by Country
10.5 Market Attractiveness Analysis by Country
10.6 Europe Polyester Filament Market Size Forecast by Type
10.6.1 Primary silk
10.6.2 Drawing the wire
10.6.3 Deformation of silk
10.7 Basis Point Share (BPS) Analysis by Type
10.8 Absolute $ Opportunity Assessment by Type
10.9 Market Attractiveness Analysis by Type
10.10 Europe Polyester Filament Market Size Forecast by Applications
10.10.1 Tire Cord
10.10.2 Clothes
10.10.3 Others
10.11 Basis Point Share (BPS) Analysis by Applications
10.12 Absolute $ Opportunity Assessment by Applications
10.13 Market Attractiveness Analysis by Applications
Chapter 11 Asia Pacific Polyester Filament Analysis and Forecast
11.1 Introduction
11.2 Asia Pacific Polyester Filament Market Size Forecast by Country
11.2.1 China
11.2.2 Japan
11.2.3 South Korea
11.2.4 India
11.2.5 Australia
11.2.6 South East Asia (SEA)
11.2.7 Rest of Asia Pacific (APAC)
11.3 Basis Point Share (BPS) Analysis by Country
11.4 Absolute $ Opportunity Assessment by Country
11.5 Market Attractiveness Analysis by Country
11.6 Asia Pacific Polyester Filament Market Size Forecast by Type
11.6.1 Primary silk
11.6.2 Drawing the wire
11.6.3 Deformation of silk
11.7 Basis Point Share (BPS) Analysis by Type
11.8 Absolute $ Opportunity Assessment by Type
11.9 Market Attractiveness Analysis by Type
11.10 Asia Pacific Polyester Filament Market Size Forecast by Applications
11.10.1 Tire Cord
11.10.2 Clothes
11.10.3 Others
11.11 Basis Point Share (BPS) Analysis by Applications
11.12 Absolute $ Opportunity Assessment by Applications
11.13 Market Attractiveness Analysis by Applications
Chapter 12 Latin America Polyester Filament Analysis and Forecast
12.1 Introduction
12.2 Latin America Polyester Filament Market Size Forecast by Country
12.2.1 Brazil
12.2.2 Mexico
12.2.3 Rest of Latin America (LATAM)
12.3 Basis Point Share (BPS) Analysis by Country
12.4 Absolute $ Opportunity Assessment by Country
12.5 Market Attractiveness Analysis by Country
12.6 Latin America Polyester Filament Market Size Forecast by Type
12.6.1 Primary silk
12.6.2 Drawing the wire
12.6.3 Deformation of silk
12.7 Basis Point Share (BPS) Analysis by Type
12.8 Absolute $ Opportunity Assessment by Type
12.9 Market Attractiveness Analysis by Type
12.10 Latin America Polyester Filament Market Size Forecast by Applications
12.10.1 Tire Cord
12.10.2 Clothes
12.10.3 Others
12.11 Basis Point Share (BPS) Analysis by Applications
12.12 Absolute $ Opportunity Assessment by Applications
12.13 Market Attractiveness Analysis by Applications
Chapter 13 Middle East & Africa (MEA) Polyester Filament Analysis and Forecast
13.1 Introduction
13.2 Middle East & Africa (MEA) Polyester Filament Market Size Forecast by Country
13.2.1 Saudi Arabia
13.2.2 South Africa
13.2.3 UAE
13.2.4 Rest of Middle East & Africa (MEA)
13.3 Basis Point Share (BPS) Analysis by Country
13.4 Absolute $ Opportunity Assessment by Country
13.5 Market Attractiveness Analysis by Country
13.6 Middle East & Africa (MEA) Polyester Filament Market Size Forecast by Type
13.6.1 Primary silk
13.6.2 Drawing the wire
13.6.3 Deformation of silk
13.7 Basis Point Share (BPS) Analysis by Type
13.8 Absolute $ Opportunity Assessment by Type
13.9 Market Attractiveness Analysis by Type
13.10 Middle East & Africa (MEA) Polyester Filament Market Size Forecast by Applications
13.10.1 Tire Cord
13.10.2 Clothes
13.10.3 Others
13.11 Basis Point Share (BPS) Analysis by Applications
13.12 Absolute $ Opportunity Assessment by Applications
13.13 Market Attractiveness Analysis by Applications
Chapter 14 Competition Landscape
14.1 Polyester Filament Market: Competitive Dashboard
14.2 Global Polyester Filament Market: Market Share Analysis, 2019
14.3 Company Profiles (Details – Overview, Financials, Developments, Strategy)
14.3.1 Hyosung
14.3.2 Kordsa Global
14.3.3 Kolon Industries
14.3.4 SRF Ltd
14.3.5 Performance Fibers
14.3.6 Firestone
14.3.7 Maduratex
14.3.8 Kordarna Plus A.S.
14.3.9 Teijin
14.3.10 Milliken & Company
14.3.11 Hyosung
