Transparency Market Research sAccording to a new report published by Transparency Market Research Polyester Fiber (Solid and Hollow) Market for Carpet Rugs, Nonwoven Fabrics, Fiberfill and  Other Applications Global Industry Analysis, Size, Share, Growth, Trends and Forecast, , the global market for polyester fiber was valued at USD . billion in and is estimated to be USD . billion by , growing at a CAGR of . from to . In terms of volume, the demand was . million tons in, given that residential and commercial flooring solutions are dominated by the carpets and rugs sector.

 The growing demand for nonwoven materials and products across various industries such as manufacturing, household, electronics, hospitality and automotives is also expected to augment the demand for polyester fibers. Furthermore, a growing demand for mattresses, coupled with technological advancement, is expected to fuel the demand for hollow fibers. However, market saturation in developed regions such as Europe and North America is expected to hamper overall market growth. Moreover, certain health hazards associated with polyester and regulations governing polyester manufacturing, its usage and disposal are expected to be another vital factor adversely affecting market demand. Request to view Sample.

Solid fiber was the largest product type in the polyester fiber market and accounted for over of the demand in . This segment is expected to be the fastest growing on account of its wide application in sectors such as manufacturing industries, automobiles, marine, aviation, apparel and healthcare. Although hollow fibers are a small segment within the market, their increasing demand in nonwoven applications, particularly in the field of medicine, is expected to establish new growth opportunities. Request to download and view full However, polyester fibers are expected to witness the highest demand growth rate from the carpets and rugs market as carpet manufacturers are increasingly manufacturing polyesterbased carpets. The demand for polyester fiber in carpets rugs segment is expected to grow at a CAGR of . between and in terms of volume. Fiberfill is expected to be the second fastestgrowing segment owing to a rising demand for insulation materials.

Asia Pacific was the largest market for polyester fiber in and the trend is expected to continue over the next six years. Rapid industrialization, urbanization and increasing consumer disposable incomes are vital factors contributing to the growth of this market in the region over the next six years. Asia Pacific is expected to constitute a market share of over by . Furthermore, substantial GDP growth in BRIC countries over the next few years is expected to create new avenues for the growth of the polyester fibers market.The global polyester fiber market is highly fragmented in nature owing to the presence of several small to large scale manufacturers. Reliance, Sinopec, Zhejiang Hengyi, Zhejiang Tongkun and NanYa are some of the leading manufacturers of the market.Global Polyester Fiber Market is available at .Transparency Market Research is a global market intelligence company providing business information reports and services. The company’s exclusive blend of quantitative forecasting and trend analysis provides forwardlooking insight for thousands of decision makers. experienced team of analysts, researchers, and consultants use proprietary data sources and various tools and techniques to gather and analyze information. ’s data repository is continuously updated and revised by a team of research experts so that it always reflects the latest trends and information.