Global Polyester Filament Market to Reap Excessive Revenues by 2027

Posted by Arslan on February 27th, 2019

The latest report on polyester filament market by Fact.MR provides insights and forecast on the market. The report also focuses on the factors impacting the growth of the polyester filament market worldwide. Market dynamics including drivers, latest trends, challenges, and growth opportunities in the polyester filament market are included in the report. The study also includes qualitative and quantitative analysis of the polyester filament market. Competitive analysis along with the business strategies and new product launches by the leading players in the polyester filament market are also provided in the report.

Growing Permeation of Textile Materials in Healthcare

Textile materials are widely adopted in medical and surgical applications. Research utilizing new and existing materials is leading to the advancement of surgical and medical textiles. Biodegradability, flexibility, and softness are at the forefront of medical textile development.

The demand for textile in implantable devices is growing significantly. Polyester is emerging as the major material in medical textile implant devices. Materials including polyester low-density filaments and polyester multifilament are largely used as textile medical implants for artificial tendon, heart valves, vascular grafts, artificial ligament, etc.

Owing to the good mechanical and chemical properties, and low moisture absorption, polyester filament sales is high in artificial grafts. Polyester filament is emerging as a chief substitute for cotton in healthcare uniform market. 100% polyester is considered as sustainable alternative to polyester-cotton blended fabrics. Owing to its easy recyclability, comfort, and lowest survival of harmful micro-organisms on surface of polyester as compared to cotton. 

Apparel and Home Furnishing Production to Undergird Demand for Polyester Filament

Polyester textile filament is a main category of polyester filament finding wide usage in textile and fabrics production used to produce apparel, footwear, and home furnishing. The demand for polyester filament is growing rapidly compared to natural filament in apparel production owing to its durability, wrinkle resistance, minimal shrinkage, and high color retention.

Northeast Asia is the focal point of world’s polyester filament yarn production, with demand largely driven by textile industry in India and China. Polyester filament is overtaking cotton as the dominant fiber in home furnishing industry with new interior designing concepts and growing urbanization, especially in developing countries.  

Polyester filament demand in home furnishing and apparel industry will continue to be strong in the coming years. Polyester filament yarn is largely used as a substitute to cotton yarn owing to the short supply and high cotton prices, and constant improvement in manufacturing technologies of polyester filament.

Proportionate Relationship of Polyester Filament and Crude Oil Prices

Growing raw material prices and increasing production cost following the high crude oil prices are impacting the polyester filament market. The cost of raw materials including petrochemicals such as PTA and DMT refined from crude oil are constantly increasing, resulting in the high prices of synthetic yarns. 

According to the International Energy Agency (IEA), there is a high risk of oil prices increase rapidly in the coming months. Moreover, IEA also found that impact on Iran from further US sanctions and supply problem in Libya and Venezuela are likely to affect OPEC’s drive to increase the production and ease prices.

The cost of synthetic fiber is constantly rising in Asia. China with world’s polyester filament production capacity also lifted the price of polyester filament yarn with upward fluctuation in crude oil prices. Moreover, fiber suppliers are reluctant to reduce the price if demand remains strong. Increase in crude oil prices in India is leading to sharp rise in petrochemical cost hitting polyester filament yarn industry.

Recycled Polyester Filament Gains Significant Palpability

Textile industry is moving towards sustainable development by using recycled polyester. This is leading to the production of recycled polyester filament using products from landfill and waste PET bottles and other PET waste. The demand for recycled polyester filament is growing in apparel, fashion, and retail industries moving towards development and production of new products.

Developed countries around the world are supporting the idea of using recycled polyester in various industries. Brands are increasingly incorporating recycled polyester filament yarns made from plastic bottles in the apparel products.

In an effort to support and level-up recycling, manufacturers in the developed nations are focusing on opening plastic bottle processing facility to produce recycled polyester. The demand for high grade recycled polyester is growing as the apparel brands are overcoming the technical issues associated with recycled polyester including matching pastel shades and levelling in dyeing.

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