According to a report by Global Market Insights Inc., polyester fiber market revenue is anticipated to cross $190 billion by 2026. The report asserts growth will be due to rapid urbanization around the globe and more polyester being used in home textiles and apparel.
E-commerce and a booming home décor industry are expected to augment the sale of polyester fibers for carpets and apparel. The fast-fashion and garment sector shows a rise in the use of polyester and is projected to be the fastest developing sector through 2026.
The report predicts PCDT-grade polyester will show a compound annual growth rate of 9 percent through 2026. Applications include home textiles, furnishings, upholstery and window treatments.
Hollow fiber polyester, applied to pillows, quilts and protective clothing, is expected to reach more than $30 million in sales by 2026.
The full report, “Polyester Fiber Market Size, By Grade (PET, PCDT), By Product (Solid, Hollow), By Application (Carpets & Rugs, Non-Woven Fabrics, Fiberfill, Apparels, Home Textiles, Others), Industry Analysis Report, Regional Outlook, Application Growth Potential, Price Trends, Competitive Market Share & Forecast, 2019–2026,” is online.
Global Market Insights Inc., headquartered in Delaware, is a global market research and consulting service provider offering syndicated and custom research reports along with growth consulting services.