ALBANY, N.Y.--(BUSINESS WIRE)--Transparency Market Research (TMR) has recently announced the release of a market study based on the global polyester fiber market, estimating the market to expand at a CAGR of 8.6% during the period of 2013 - 2019 and reach a value of US$110.86 billion by the end of the forecast period.
The research report, titled “Polyester Fiber Market (Solid and Hollow) for Carpet & Rugs, Nonwoven Fabrics, Fiberfill and Other Applications - Global Industry Analysis, Size, Share, Growth, Trends and Forecast, 2013 - 2019”, states that, in 2012, the global polyester fiber market stood at US$62.46 billion.
The global polyester fiber market is classified on the basis of products, applications, and regional markets in this research study.
In 2012, the market for solid fibers acquired the leading position among all the product market segments, accounting for more than 80% of the demand from the global polyester fiber market. This market is expected to report the fastest growth over the forecast period.
Among the segments of the global polyester market based on the application, the fiberfill market was the dominant segment in 2012. However, the market for carpets and rugs is expected to report the highest growth rate, a CAGR of 6%, during the forecast period.
Based on the regional markets, the market for polyester fiber in Asia Pacific attained the leading position in 2012 and is projected to maintain its dominance during the forecast period, accounting for over 85% of the overall polyester fiber market by 2019.
The global market for polyester fiber is highly fragmented, having numerous small, medium-sized, and large-scale manufacturers operating in it. Reliance, Jiangsu Sanfangxiang, and Zhejiang Hengyi are the major players in the global polyester fiber market profiled in this market report.
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Transparency Market Research (TMR) is a U.S. based market intelligence company driven by high-pedigree consultants and researchers. TMR leverages its Syndicated Research, Custom Research, and Market Consulting expertise to help businesses make accurate decisions. TMR’s exclusive blend of quantitative forecasting and trends analysis draws on proprietary data sources and techniques, while their data repository is continuously updated to reflect the latest trends.