Growing at a CAGR of 8.2 per cent from 2023-2028, the global polyester fiber market is expected to reach $151.6 billion by 2028.
As per the report ‘Polyester Fiber Market’ by Textile Value Chain, growth in this market will be driven by the rising demand from various applications such as textile, automotive, home furnishing, and industrial.
A versatile material, the polyester fiber can be used in a wide variety of applications. It is strong, durable, and wrinkle-resistant, making it a popular choice for textiles and apparel. The textile and apparel segment is the largest segment in the polyester fiber market. This is due to the popularity of polyester in clothing and home textiles.
The Asia-Pacific region is the largest market for polyester fiber and is expected to remain the fastest-growing region in the forecast period. This is due to the large and growing population in the region.
