Global polyester fibre market expected to reach $110.86 bn

According to a new report published by Transparency Market Research Polyester fibre (Solid and Hollow) market for carpet & rugs, nonwoven fabrics, fibrefill and other applications – Global industry analysis, size, share, growth, trends and forecast, 2013-2019, the global market for polyester fibre was valued at $62.46 billion in 2012 and is estimated to be $110.86 billion by 2019, growing at a CAGR of 8.6 per cent from 2013 to 2019.

In terms of volume, the demand was 37.85 million tonne in 2012. A rise in construction activities is expected to be one of the primary factors driving the demand for polyester fibres, given that residential and commercial flooring solutions are dominated by the carpets and rugs sector. The growing demand for nonwoven materials is also expected to augment the demand for polyester fibres.