What is Global Polyester Filament Yarn Market?
The Global Polyester Filament Yarn Market is a vast and dynamic sector that encompasses the production, distribution, and sale of polyester filament yarn. Polyester filament yarn is a type of synthetic yarn made from polyester, a polymer produced from petroleum, water, and air. This yarn is widely used in various industries due to its durability, resistance to wrinkles, and affordability. The market for this product is global, meaning it spans across continents, catering to various industries and consumers with diverse needs and preferences. The market's value was estimated at US$ 57330 million in 2022, and it is projected to grow significantly in the coming years.
Partially Oriented Yarn (POY), Polyester Fully Drawn Yarn (FDY), Polyester Drawn Textured Yarn (DTY), Other in the Global Polyester Filament Yarn Market:
The Global Polyester Filament Yarn Market is segmented into different types of yarns, including Partially Oriented Yarn (POY), Polyester Fully Drawn Yarn (FDY), Polyester Drawn Textured Yarn (DTY), and others. Each type of yarn has its unique properties and uses. POY is the largest segment in the market, accounting for about 55% of the total market share. It is primarily used in the textile industry for weaving and knitting fabrics. FDY is another significant segment in the market. It is a highly drawn polyester fiber that is used in the production of fabrics and textiles. DTY is a textured yarn used in apparel and home furnishings. The other types of yarns in the market cater to specific needs in various industries.
Apparel, Industrial, Household Textiles, Other in the Global Polyester Filament Yarn Market:
The Global Polyester Filament Yarn Market finds its application in several areas, including apparel, industrial, household textiles, and others. In the apparel industry, polyester filament yarn is used in the production of clothing items such as shirts, trousers, dresses, and more due to its durability and resistance to wrinkles. In the industrial sector, this yarn is used in the production of industrial textiles such as conveyor belts, safety belts, and more. In household textiles, polyester filament yarn is used in the production of curtains, upholstery, bed linens, and more. The other applications of polyester filament yarn include its use in the production of fishing nets, ropes, and more.
Global Polyester Filament Yarn Market Outlook:
Looking at the market outlook, the Global Polyester Filament Yarn Market is set for substantial growth. In 2022, the market was valued at US$ 57330 million. It is projected to reach a staggering US$ 88700 million by 2029, growing at a Compound Annual Growth Rate (CAGR) of 5.7% from 2023 to 2029. This growth is driven by the increasing demand for polyester filament yarn in various industries, including apparel, industrial, and household textiles. The market is dominated by the top 2 manufacturers, who hold over 20% of the market share. The largest market for polyester filament yarn is Asia-Pacific, accounting for over 80% of the total market. The largest segment in terms of product is the partially oriented yarn (POY), which holds about 55% of the market share.
| Report Metric | Details |
| Report Name | Polyester Filament Yarn Market |
| Accounted market size in 2023 | US$ 63710 million |
| Forecasted market size in 2029 | US$ 88700 million |
| CAGR | 5.7 |
| Base Year | 2023 |
| Forecasted years | 2023 - 2029 |
| Segment by Type |
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| Segment by Application |
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| Production by Region |
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| Sales by Region |
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| By Company | Tongkun Group, Xin Feng Ming Group, Zhejiang Hengyi Group, Reliance, Shenghong, Hengli Group, Billion Industrial, Rongsheng PetroChemical, Jiangsu Sanfangxiang Group, Zhejiang Tiansheng Holding, Nanya, Toray |
| Forecast units | USD million in value |
| Report coverage | Revenue and volume forecast, company share, competitive landscape, growth factors and trends |
