H1 2023: In H1 2023, the Asia Pacific region emerged as the largest consumer of Polyester Filament Yarn (PFY). Polyester Filament Yarn (PFY) prices witnessed fluctuations in H1 2023.Despite the Spring Festival holiday slowing down most of the industrial chain, few manufactures remained operational in China. Demand for PFY saw a notable uptick in February 2023 in China from downstream sectors like Knitting & Weaving, driven by the use of the material in producing polyester fabrics for consumer goods and home furnishings in the Chinese market. Following the Spring Festival, factory operating rates increased in China. However, despite the surge in demand, the PFY market grappled with challenges such as excessive inventories, sluggish profit recovery, and slow offtakes. These factors tempered enthusiasm in the market during March 2023 due to the lacklustre downstream demand for PFY in China. In April 2023, PFY prices experienced an upswing in China however, but the nation witnessed moderate to high demand from downstream Textile industries. The market was further affected by weakened exports to importing nations for textiles. In June 2023, PFY sales in the Chinese market decelerated, influenced by the reduction in production costs. Notably, the prices of feedstock materials decreased, reducing the overall production cost of PFY.
The global Polyester Filament Yarn (PFY) market stood at approximately 32 million tonnes in 2022 and is anticipated to grow at a CAGR of 4.10% during the forecast period until 2032.
Polyester filament yarn, a highly adaptable synthetic fiber, boasts a multitude of uses across diverse industries owing to its advantageous qualities. Widely employed in the textile and apparel sector, it serves in crafting fabrics for clothing, home furnishings, and industrial textiles, valued for its robustness, longevity, and resistance to wrinkles. Its colour retention capability further enhances its appeal in the textile industry. Beyond fashion, polyester filament yarn plays a pivotal role in the realm of technical textiles, finding application in industrial belting, conveyor belt. In the automotive sector, it contributes to the manufacturing of seat belts, airbags, and interior components, providing strength and durability for safety measures. Its resistance to moisture and chemicals also positions it favourably in outdoor applications like sails, and marine textiles. Even in the medical field, its versatility shines through as it is utilized in the production of surgical sutures, offering biocompatibility, strength, and minimal reactivity for applications requiring durability and resistance to bodily fluids. Overall, the extensive range of applications underscores the significance of polyester filament yarn across multiple industries.
The polyester filament yarn market's growth is intricately connected to multifaceted factors within diverse sectors. Within the textile and apparel industry, the demand for polyester filament yarn is intricately tied to evolving consumer preferences, fashion trends, and the overall expansion of the textile sector. Simultaneously, the industrial applications segment and automotive, plays a pivotal role in driving market expansion as these sectors increasingly utilize polyester filament yarn for its versatile properties. Furthermore, the packaging industry's demand for high-strength materials, particularly with the need for robust packaging solutions, presents another avenue for growth in the polyester filament yarn market. In the automotive sector, the utilization of polyester filament yarn in safety components like seat belts and airbags is a critical contributor to market dynamics, with the overall growth of the automotive industry significantly influencing demand. These interconnected factors highlight the dynamic nature of the polyester filament yarn market, where diverse industries collectively shape its trajectory. The global Polyester Filament Yarn (PFY) market is anticipated to reach nearly 48 million tonnes by 2032.
Geographically, Asia Pacific region is the largest consumer of Polyester Filament Yarn (PFY). The Asia-Pacific apparel industry is undergoing significant growth driven by a surge in population, rapid urbanization, and increased disposable income. Consequently, polyester fiber is extensively utilized in apparel industry in crafting t-shirts, dresses, and sportswear. Concurrently, the automotive sector in the region is experiencing rapid expansion, propelled by a large population base, and urbanization trends. This surge fuels the demand for polyester fiber, deployed in automobile seats, carpets, and various interior components due to its exceptional strength and resistance to wear. Furthermore, the burgeoning sportswear industry contributes to the escalating demand for polyester fiber, employed in outdoor clothing and activewear for its lightweight and moisture-wicking attributes.
Based on the end-user industry, the global Polyester Filament Yarn (PFY) market is divided into Textile Industry, Automotive Industry, Healthcare, and Others. Among these, Textile Industry is the major segment and held approximately 48% of the global Polyester Filament Yarn (PFY) market in 2022. Polyester filament yarn is employed in healthcare for items like hospital gowns and bed linens, offering durability and ease of care. Its resistance to moisture ensures suitability for applications requiring hygiene. While not as widespread as in other sectors, polyester filament yarn showcases versatility in healthcare applications, meeting stringent requirements.
Major players in the Global Polyester Filament Yarn (PFY) market are Reliance Industries Limited, Indorama Ventures Public Company Limited, Markische Faser Gmbh, Sarla Performance Fibers Limited, Nan Ya Plastics Corporation, Stein Fibers, Ltd., Polyfibre Industries, Nirmal Fibres (P) Ltd, Barnet, Toray Industries, Inc.
Years considered for this report:
Historical Period: 2015- 2022
Base Year: 2022
Estimated Year: 2023
Forecast Period: 2024-2032
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Objective of the Study:
• To assess the demand-supply scenario of Polyester Filament Yarn (PFY) which covers production, demand and supply of Polyester Filament Yarn (PFY) market in the globe.
• To analyse and forecast the market size of Polyester Filament Yarn (PFY)
• To classify and forecast Global Polyester Filament Yarn (PFY) market based on end-use and regional distribution.
• To examine competitive developments such as expansions, mergers & acquisitions, etc., of Polyester Filament Yarn (PFY) market in the globe.
To extract data for Global Polyester Filament Yarn (PFY) market, primary research surveys were conducted with Polyester Filament Yarn (PFY) manufacturers, suppliers, distributors, wholesalers and Traders. While interviewing, the respondents were also inquired about their competitors. Through this technique, ChemAnalyst was able to include manufacturers that could not be identified due to the limitations of secondary research. Moreover, ChemAnalyst analyzed various segments and projected a positive outlook for Global Polyester Filament Yarn (PFY) market over the coming years.
ChemAnalyst calculated Polyester Filament Yarn (PFY) demand in the globe by analyzing the historical data and demand forecast which was carried out considering the production of raw material to produce Polyester Filament Yarn (PFY). ChemAnalyst sourced these values from industry experts and company representatives and externally validated through analyzing historical sales data of respective manufacturers to arrive at the overall market size. Various secondary sources such as company websites, association reports, annual reports, etc., were also studied by ChemAnalyst.
Key Target Audience:
• Polyester Filament Yarn (PFY) manufacturers and other stakeholders
• Organizations, forums and alliances related to Polyester Filament Yarn (PFY) distribution
• Government bodies such as regulating authorities and policy makers
• Market research organizations and consulting companies
The study is useful in providing answers to several critical questions that are important for industry stakeholders such as Polyester Filament Yarn (PFY) manufacturers, customers and policy makers. The study would also help them to target the growing segments over the coming years (next two to five years), thereby aiding the stakeholders in taking investment decisions and facilitating their expansion.
Report Scope:
In this report, Global Polyester Filament Yarn (PFY) market has been segmented into following categories, in addition to the industry trends which have also been detailed below:
Attribute
Details
Market size Volume in 2022
70 million tonnes
Market size Volume in 2032
120 million tonnes
Growth Rate
CAGR of 5.40% from 2023 to 2032
Base year for estimation
2023
Historic Data
2015 – 2022
Forecast period
2024 – 2032
Quantitative units
Demand in million tonnes and CAGR from 2023 to 2032
Report coverage
Industry Market Size, Capacity by Company, Capacity by Location, Operating Efficiency, Production by Company, Demand by End- Use, Demand by Region, Demand by Sales Channel, Demand-Supply Gap, Company Share, Manufacturing Process.
Segments covered
By End-Use: (Textile Industry, Automotive Industry, Healthcare, and Others)
By Sales Channel: (Direct Sale and Indirect Sale)
Regional scope
North America, Europe, Asia Pacific, Middle East and Africa, and South America.
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Market Data & Insights
Table of Content
1. Industry Market Size
It is an essential metric for market analysis, as it provides insights into the overall size and growth potential of Polyester Filament Yarn (PFY) market in terms of value and volume.
2. Capacity By Company
On our online platform, you can stay up to date with essential manufacturers and their current and future operation capacity on a practically real-time basis for Polyester Filament Yarn (PFY).
3. Capacity By Location
To better understand the regional supply of Polyester Filament Yarn (PFY) by analyzing its manufacturers' location-based capacity.
4. Plant Operating Efficiency
To determine what percentage manufacturers are operating their plants or how much capacity is being currently used.
5. Production By Company [Quarterly Update]
Study the historical annual production of Polyester Filament Yarn (PFY) by the leading players and forecast how it will grow in the coming years.
6. Demand by End- Use [Quarterly Update]
Discover which end-user industry (Textile Industry, Automotive Industry, Healthcare, and Others) are creating a market and the forecast for the growth of the Polyester Filament Yarn (PFY) market.
7. Demand by Region
Analyzing the change in demand of Polyester Filament Yarn (PFY) in different regions, i.e., North America, Europe, Asia Pacific, Middle East and Africa, and South America, that can direct you in mapping the regional demand.
8. Demand by Sales Channel (Direct and Indirect)
Multiple channels are used to sell Polyester Filament Yarn (PFY). Our sales channel will help in analyzing whether distributors and dealers or direct sales make up most of the industry's sales.
9. Demand-Supply Gap
Determine the supply-demand gap to gain information about the trade surplus or deficiency of Polyester Filament Yarn (PFY).
10. Company Share
Figure out what proportion of the market share of Polyester Filament Yarn (PFY) is currently held by leading players across the globe.
11. Manufacturing Process
Discover insights into the intricate manufacturing process of Polyester Filament Yarn (PFY).
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into the worldwide outages affecting the commodity of interest. With every shutdown, it also reflects the impact on
supply of the product in the market at a Global level.
What was the net market size of Polyester Filament Yarn (PFY) in terms of volume in 2022?
Ans:
The global market size of Polyester Filament Yarn (PFY) had reached approximately 70 million tonnes in 2022.
Q2.
Which region is the major consumer of Polyester Filament Yarn (PFY)?
Ans:
Asia Pacific region is the leading consumer of Polyester Filament Yarn (PFY) globally.
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