The Global Market For Polyester Filament Yarn

Polyester Filament Yarn is one of the strongest commercially used synthetic fibres in the world. It is a continuous length of interlocked fibres created by blending alcohol and acid to initiate a chain reaction. The strong and big molecules then form the yarns which are then twisted together to get a long-lasting and high quality product. The Polyester yarns are used for various applications such as embroidery, sewing, knitting and weaving. They are a major part of the textile industry, especially when it comes to fashion and apparel. They have excellent physical properties and are available in a wide range of designs and colors. Moreover, they are highly adaptable to various climates and seasons, thus providing an exceptional wash and wear performance.

The global market for polyester filament yarn is gaining prominence at a rapid pace and is expected to continue growing in the coming years. Several factors are driving this growth, including an increasing demand for fashion and apparel fabrics owing to rising lifestyle changes around the globe, fast industrialization, and urbanization. Additionally, the growing use of the fabric in upholstery, curtains, and table linen, among other domestic furnishings, is fuelling market growth.

Besides, the availability of various types of yarns and fabric based on their color, lustre, thickness, twist, and fiber content is also boosting the market. A few other factors that are helping the market to grow rapidly include the expanding e-commerce platforms, which are making it easy for consumers to buy products from different manufacturers.

Furthermore, the demand for this type of fabric is driven by the increasing use of polyester for sportswear owing to its quick-drying and lightweight properties. Polyester is a popular material for clothing and fabrics, and it offers excellent comfort, abrasion resistance, and durability. It can also be easily recycled and regenerated, which is encouraging the market to grow further.

According to the type of yarn, the market is divided into partially oriented (POY), fully drawn (FDY) and drawn textured (DTY). POY held the largest share in the global polyester filament yarn market in 2020, and it is expected to expand at a significant revenue growth rate during the forecast period. This segment is dominated by PET polyester, which provides excellent stretch and durability to the fabric. It also offers excellent shape retention, and it is a good choice for both multi-functional and high-performance fabrics.

Lastly, FDY is the least expensive polyester filament yarn and it offers a high level of performance. It can be found in a variety of garments and home furnishings, such as jackets, overcoats, and protective gear. Moreover, it is an essential raw material for drawing textured yarn (DTY).

In terms of the region, Asia Pacific holds the highest market share in the global polyester filament yarn market. This is primarily due to the rapid growth in the textile industries, expanding automotive textile manufacturing, favorable government policies, and positive movement of international raw materials prices. The China polyester filament yarn market is expected to gain 233 BPS by 2032 and register a CAGR of 5.8% during the forecast period.