The study involved two major activities in estimating the current size of the polyester fiber market. Exhaustive secondary research was carried out to collect information on the market, peer markets, and the parent market. The next step was to validate the findings obtained from secondary sources, assumptions, and sizing with industry experts across the value chain through primary research. Both the top-down and bottom-up approaches were employed to estimate the total market size. After that, the market breakdown and data triangulation procedures were used to estimate the market size of segments and subsegments.
Secondary Research
Secondary sources referred to for this research study include financial statements of companies offering polyester fiber and information from various trade, business, and professional associations. Secondary research has been used to obtain critical information about the industry’s value chain, the total pool of key players, market classification, and segmentation according to industry trends to the bottom-most level and regional markets. The secondary data was collected and analyzed to arrive at the overall size of the polyester fiber market, which was validated by primary respondents.
Primary Research
Extensive primary research was conducted after obtaining information regarding the polyester fiber market scenario through secondary research. Several primary interviews were conducted with market experts from both the demand and supply sides across major countries of North America, Europe, Asia Pacific, the Middle East & Africa, and Latin America. Primary data was collected through questionnaires, emails, and telephonic interviews. The primary sources from the supply side included various industry experts, such as Chief X Officers (CXOs), Vice Presidents (VPs), Directors from business development, marketing, product development/innovation teams, and related key executives from polyester fiber industry vendors; system integrators; component providers; distributors; and key opinion leaders. Primary interviews were conducted to gather insights such as market statistics, data on revenue collected from the products and services, market breakdowns, market size estimations, market forecasting, and data triangulation. Primary research also helped in understanding the various trends related to technology, application, vertical, and region. Stakeholders from the demand side, such as CIOs, CTOs, CSOs, and installation teams of the customer/end users who are using the polyester fiber industry, were interviewed to understand the buyer’s perspective on the suppliers, products, component providers, and their current usage of polyester fiber and future outlook of their business which will affect the overall market.
The Breakup of Primary Research:
Note: Companies are classified based on their revenues, product portfolios, and geographical presence.
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Market Size Estimation:
The research methodology used to estimate the size of the polyester fiber market includes the following details. The market sizing of the market was undertaken from the demand side. The market was upsized based on procurements and modernizations of polyester fiber in different applications at a regional level. Such procurements provide information on the demand aspects of the polyester fiber industry for each application. For each application, all possible segments of the polyester fiber market were integrated and mapped.
Polyester fiber Market Size: Botton Up Approach
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Polyester fiber Market Size: Top Down Approach
Data Triangulation:
After arriving at the overall size from the market size estimation process explained above, the total market was split into several segments and subsegments. The data triangulation and market breakdown procedures explained below were implemented, wherever applicable, to complete the overall market engineering process and arrive at the exact statistics for various market segments and subsegments. The data was triangulated by studying various factors and trends from the demand and supply sides. Along with this, the market size was validated using both the top-down and bottom-up approaches.
Market Definition
Polyester fiber, also known as a synthetic textile material derived from Polyethylene Terephthalate (PET) or other polyester polymers, is renowned for its exceptional versatility, strength, and long-lasting attributes. This fiber is produced via a multi-step process that includes melting spinning, drawing, and polymerization. The ultimate product is the creation of long, continuous fiber strands. These fibers, which are customized to meet precise specifications regarding length, denier (thickness), and other attributes, are widely used in a variety of textile-related applications. These applications include non-woven materials, household textiles, industrial textiles, and apparel. Polyester fiber is much-liked because it is affordable, low maintenance, wrinkle-resistant, and retains color well. Notably, there has been a noticeable trend in favor of sustainability in recent years, and recycled polyester, or rPET, has become more popular as a way to address the environmental issues related to the production of conventional polyester.
Key Stakeholders
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Polyester fiber manufacturers and distributors
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Key application segments for Polyester fiber
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Research and consulting firms
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R&D institutions
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Associations and government institutions
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Environmental support agencies
Report Objectives:
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To estimate and forecast the size of the polyester fiber market in terms of volume (KT) and value (USD million)
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To define, describe, and forecast the size of the polyester fiber market based on form, grade, product type, application, and region.
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To forecast the size of various segments of the market based on five main regions-—Asia Pacific, North America, Europe, the Middle East & Africa, and South America, along with major countries in each region
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To provide detailed information about the major factors (drivers, restraints, opportunities, and challenges) influencing the growth of the polyester fiber market across the globe
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To identify and profile key market players and analyze their core competencies
Available Customizations
Along with the market data, MarketsandMarkets offers customizations according to the specific needs of the companies.
The following customization options are available for the report:
Product Analysis
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Product matrix, which provides a detailed comparison of the product portfolio of each company's market
Growth opportunities and latent adjacency in Polyester Fiber Market