Polyester Fiber Market to grow at 7.5% CAGR over 2018 to 2024 from Hollow Segment
Date: 2018-09-24   Author: Rahul Varpe  Category: #market

Polyester Fiber Market to grow at 7.5% CAGR over 2018 to 2024 from Hollow Segment

The projected scope for Polyester Fiber Market seems to be fairly lucrative, on the grounds of which numerous companies have invested heavily in this business sphere. Close to a month earlier, one of the leading providers of high performance industrial polyester and polyamide filament yarns, PHP fibers had acquired the recently developed three dimensional and complex fiber unit, Breathair® from Toyobo Europe GmbH. This takeover has proven to considerably boost the product portfolio of PHP and offered innovative growth solutions to the company.

Furthermore, the agreement with Toyobo regarding the takeover of Breathair® has also strengthened PHP’s presence in European polyester fiber market, which covered 9% of the overall revenue share in 2016. Speaking along similar lines, the competitive landscape of polyester fiber industry is pretty much inclusive of big shots such as GreenFiber International, Reliance Industries, Polyfibre Industries, Kayavlon Impex, Märkische Faser GmbH, William Barnet & Son, LLC., Swicofil AG., Indorama Ventures, Shree Renga Polymers, Diyou Fibre, Toray Industries, Sarla Performance Fibers, Nirmal Fibres, and Stein Fibers.

Request for a sample copy of this report @ https://www.gminsights.com/request-sample/detail/2120

The competitive spectrum of polyester fiber market has witnessed a slew of strategic M&As in recent years. For instance, a year ago, the Board of Directors of the Indian Petrochemical Corporation Limited (IPCL) approved the merger of six polyester firms inclusive of India Polyfibres Ltd (IPL), Apollo Fibres Ltd (AFL), Recron Synthetics Ltd (RSL), Central India Polyester Ltd (CIPL), Silvassa Industries Pvt Ltd (SIPL), and Orissa Polyfibres Ltd (OPL) with IPCL.

This merger is anticipated to prove rather beneficial for the growth of the India polyester fiber industry, given that all the six aforementioned manufacturers are heavily engaged in the production of PFY (polyester filament yarn) and PSF (polyester staple fibre), while IPCL is a major producer of MEG (mono ethylene glycol) – the key raw material required for PFY and PSF.  The massive global demand for MEG would further help this alliance make headway in the India polyester fiber market. Extensively driven by lucrative mergers such as the aforementioned, polyester fiber market size stood at USD 85 billion in 2016, as per estimates.

Make an inquiry for purchasing this report @ https://www.gminsights.com/inquiry-before-buying/2120

The gradual changes in consumer lifestyles and their shifting preferences for durable and ecofriendly products have led fiber manufacturers to invest heavily in the production of high performance and sustainable garments. Rising awareness among the people and manufacturers about hazardous impact of GHG emissions on human health is also promoting industry giants to manufacture biodegradable products.

For instance, in order to manufacture renewable and high performance garment insulation, DuPont Industrial Biosciences has tied up with Unifi, Inc. With this collaboration, both companies have set a benchmark for other polyester fiber industry rivals to adopt green technology for the development of environment friendly garment insulation without compromising the fabric’s performance.

Browse Complete Report Summary @ https://www.gminsights.com/industry-analysis/polyester-fiber-market

It has been forecast that in the forthcoming years, methane eating bacteria would play a vital role in polyester fiber industry share. Recently in fact, an upcoming startup, Mango Materials, detected that the methane obtained from waste water treatment plants can be used to feed the bacteria, which will produce totally biodegradable bio-polyester fibers. Experts affirm this to be a rather significant innovation across polyester fiber market, which is projected to cross USD 165 billion by 2024.

About Global Market Insights:

Global Market Insights, Inc., headquartered in Delaware, U.S., is a global market research and consulting service provider; offering syndicated and custom research reports along with growth consulting services. Our business intelligence and industry research reports offer clients with penetrative insights and actionable market data specially designed and presented to aid strategic decision making. These exhaustive reports are designed via a proprietary research methodology and are available for key industries such as chemicals, advanced materials, technology, renewable energy and biotechnology.

Contact Us:

Arun Hegde
Corporate Sales, USA
Global Market Insights, Inc.
Phone:1-302-846-7766
Toll Free: 1-888-689-0688
Email: [email protected]  
Web: https://www.gminsights.com



About Author


Rahul Varpe

Rahul Varpe

Rahul Varpe currently writes for AlgosOnline. A communication Engineering graduate by education, Rahul started his journey in as a freelancer writer along with regular jobs. Rahul has a prior experience in writing as well as marketing of services and products online. ...

Read More

More from Rahul


Post Recommendents

Adjustable bed Industry Market Future Challenges and Industry Growth Outlook 2023
Author: Partha Ray

Global Adjustable bed Industry Market 2018 Includes Market Size, Share, Trends, Growth, Demand, Supply, Application, Segmentation, Opportunity, Market Development, Production, Capacity Utilization, Supply, Analysis and Forecast by 2023

The r...


Bi-Metal Band Saw Blade Industry Market, Share, Growth, Trends and Forecast to 2023: Market Study Report
Author: Partha Ray

Global Bi-Metal Band Saw Blade Industry Market Report focuses on the major drivers and restraints for the key players. These Research Report also provides granular analysis of the market share, segmentation, revenue forecasts and geographic region...


Clean Room Masks Industry Market Incredible Possibilities, Growth with Industry Study, Detailed Analysis and Forecast to 2023
Author: Partha Ray

Global Clean Room Masks Industry Market report contains all study material about overview, growth, demand and forecast research report in all over the world. This report offers some penetrating overview and solution in the complex world Global Cle...