Recycled Polyester Filament Yarn Market

Recycled Polyester Filament Yarn Market Size (2024-2029):

The Global Recycled Polyester Filament Yarn Market was worth US$ 58.79 billion in 2023 and is anticipated to reach a valuation of US$ 90.73 billion by 2029 and it is predicted to register a CAGR of 7.5% during the forecast period 2024-2029.

Market Overview:

Polyester is one of the most commonly used petroleum-based synthetic fabrics. In addition to being one of the most widely used textiles in the world, this material is also used in industry as well as in consumer goods. In the majority of cases, synthetic polyester fibers and some plant-based polyester fibers are made of ethylene, which is a component of petroleum that can also be derived from other sources. In the production of polyester fibers, ethylene acts as a polymer that interacts with other chemicals to form a stable fibrous compound. Creating supple and smooth fabrics is made possible by the use of continuous polyester filaments.

It begins with the reaction of ethylene glycol with dimethyl terephthalate at high temperatures in a process called thermolysis. Dimethyl terephthalate is then converted to a polymer by reacting with the monomer. In order to create this polyester polymer, the molten polyester polymer is extruded from the reaction chamber in long strips. These strips are then allowed to cool and dry, and then they can be cut into small pieces by breaking them apart. The resulting chips are then melted again to create a honey-like substance, which is extruded through a spinneret to produce fibres.

Market Drivers:

It has become increasingly evident that people are becoming more conscious of environmental issues as they become more interested in recycled polyester staple fibers. In addition to being non-toxic and non-carcinogenic, the production of recycled polyester yarn is also eco-friendly. The demand for polyester filament in the creation of automotive textiles is one of the significant factors driving the growth of this market. Besides carpets and seating fabrics for automobiles, polyester fibers are also used to produce side panels for doors, car roofs, roof panels, and floor panels. In addition, they are used to produce safety belts, tires, airbags, fuel filters, and insulation materials for automobiles. As a result of the various other applications, which include apparel, homeware, and other industries, the market is expanding.

Market Restraints:

A major factor limiting the growth of the market for recycled polyester filament yarn is the fact that prices of polyester filament are on the rise. During humid weather, the polyester filament can cause you to feel clammy, sticky, and uncomfortable because it traps heat and perspiration next to your skin and can make you feel uncomfortable.

RECYCLED POLYESTER FILAMENT YARN MARKET REPORT COVERAGE:

Market Segmentation:

Recycled Polyester Filament Yarn Market - By Type:

• Partially Oriented Yarn (POY)
• Fully Drawn Yarn (FDY)
• Drawn Textured Yarn (DTY)
• Other

Fully drawn yarn is leading the type segment and is expected to grow at a significant rate during the forecasted period. When compared to other types, it is produced at higher spinning speeds and is integrated with intermediate drawing to produce a higher-quality product. As a result, the crystallization process and orientation can stabilize the material.

Knitting can be done immediately with yarns that have been fully drawn since they are the primary component of twisted threads. When textile weaving is being carried out, fully drawn yarns are mainly used as wefts or weaves during the weaving process. These types of yarn can be used in a wide range of applications. However, it is used primarily in fabrics for home furnishings, clothing, denim, Terry towels, and other products, such as home furnishings, clothing, and denim. Aside from the aforementioned uses, FDY is also suitable for making upscale undergarments, upscale sportswear, upscale furniture, and non-textured fabrics. It is because of this key factor that the recycled polyester filament yarn market is expected to grow at a rapid rate.

Recycled Polyester Filament Yarn Market - By Raw Materials:

• Polyethylene Terephthalate
• Poly-1, 4-Cyclohexylene Dimethylene (PCDT)
• Other

The raw material segment is currently led by Poly-1, 4-Cyclohexylene Dimethylene, which is anticipated to expand quickly over the forecasted period. A significant driver behind the expansion of the market segment in this area is the growing demand for consumer goods made from materials with increased resilience and elasticity. This is in addition to the material's increased tensile, flexural, and impact strength. 

Recycled Polyester Filament Yarn Market - By Application:

• Apparel
• Automotive
• Construction
• Others

Apparel is leading the application segment and is expected to grow at a high rate during the forecasted period. Polyester is primarily used in the production of clothing and accessories around the world. Users are searching for more robust clothing in greater numbers. Since polyester is made from petrochemical products, it cannot be considered a sustainable textile option. Most brands use recycled polyester yarns to make clothing and accessories. Additionally, it lessens carbon footprints, aids in sustainability, reduces water consumption, and achieves eco-friendliness.

Recycled Polyester Filament Yarn Market - By Region:

• Asia Pacific
• North America
• Europe
• South America
• Middle East & Africa

Asia-Pacific holds the largest market share in 2021 and is expected to grow at the highest rate during the forecasted period. The population is growing rapidly in countries like China and India. This is also a market for a diverse range of products due to the huge population density in these countries. Asia-Pacific is one of the main centers for the textile industry in the world. In the textile and apparel industry, China is the largest exporter with a market share of 37%. Countries such as India, Bangladesh, Indonesia, Vietnam, and Cambodia are the next largest exporters. As the textile industry in the region continues to grow at an exponential rate, more and more polyester fibers are being used in fabrics, which is a major factor driving the market for recycled polyester filament yarns.

In terms of the Recycled Polyester Filament Yarn market, North America is ranked second after Asia-Pacific, which leads the field. Moreover, there have been substantial developments in technology that may contribute to the growth of the market in the future. It is because various textile manufacturing industries are present in this region, which is driving the growth of the market in this region.

Market Key Players:

1. Rongsheng Petro Chemical
2. Reliance Industries
3. Sinopec Yizheng Chemical Fibre
4. Indorama Ventures
5. Swicofil
6. Alpek S.A.B.
7. Unifi, Inc.
8. Polygenta
9. Toray Industries
10. Libolon

Market Key Developments:

• In November 2021, Toray Industries, Inc., announced the introduction of Qticle, a polyester filament fabric that combines the structure of hair and wool with a smooth and supple texture and functionality.
• In February 2020, The Filament Factory announced the introduction of a new product line of recycled polyester high-strength multifilament yarns. The product is made from post-consumer polyethylene terephthalate waste, which has excellent dyeing properties and very high strength.
• In August 2021, Reliance Industries announced plans to build a facility for the manufacture of recycled polyester fiber in Andhra Pradesh, doubling its capacity for recycling PET. Business people across the nation will be able to take advantage of this law and set up recycling facilities; divert used packaging from landfills, and generate wealth from landfills using waste as a resource.