Home décor has been one of the fastest-growing application segments in polyester fiber market over the past few years. With a considerable rise in disposable incomes, a vast majority of consumers are willing to spend heavily on home décor product such as carpets, rugs, and home textiles to enhance the aesthetic appeal of their home interiors.

Ocean View, DE -- (SBWire) -- 07/03/2020 --Global Market Insights, Inc., forecasts that global polyester fiber market size will be exceed a valuation of US$190 billion by 2026, fueled by constant developments in the global fashion industry. A strong demand for high-quality home décor products will support the industry growth in the upcoming years.

Polyester has emerged over the decades to become one of the most preferred clothing and fabric materials in use today. Fabrics manufactured from polyester fiber possess excellent elasticity, shape retention, wrinkle resistance, and exceptional wash-and-wear performance and durability. The range of superior properties compared to other synthetic fibers makes it suitable for use in all kinds of fabrics.

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Extensive application in apparels

Today, it is almost impossible to find a consumer apparel that doesn't contain at least some amount of polyester fiber in it. The polymer is used to manufacturing essentially every form of clothing, ranging from shirts, suits, pants, and jackets to dresses, blouses, sports and active wear, rainwear, and kids wear. Polyester is often blended with cotton or other fibers to included additional functionality.

In regions with unpredictable climatic conditions and year-round rainfall, the demand for high-quality raincoats and rain jackets is slated to boost the adoption of polyester fiber. In addition, with growing concerns regarding health and fitness, an increasing number of people are looking to include some sort of sports or physical activity into their daily routines.

These trends are likely to further encourage participation in sports and other forms of physical activity, augmenting polyester fiber market forecast.

Increased spending on home décor

Home décor has been one of the fastest-growing application segments in polyester fiber market over the past few years. With a considerable rise in disposable incomes, a vast majority of consumers are willing to spend heavily on home décor product such as carpets, rugs, and home textiles to enhance the aesthetic appeal of their home interiors.

Polyester fibers is a common choice for homeowners when it comes to purchasing carpets and rugs. One of the major advantages of polyester rugs and carpets is that the synthetic fiber can have a wide range of vibrant colors that last a long time. These carpets and rugs can typically last a lot better than nylon or other synthetic materials.

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Major growth restraints and the impact of COVID-19

Fluctuations in raw material prices and the lack of availability or shortage of raw materials due to the recent coronavirus outbreak have become major roadblocks for polyester fiber industry growth. Nationwide lockdowns in wake of the pandemic and the subsequent decline in manufacturing activities is significantly affecting the industry forecast.

However, easing restrictions in several regions and resumption of manufacturing and industrial operations in the near future may boost polyester fiber market outlook.

About Global Market Insights:

Global Market Insights, Inc., headquartered in Delaware, U.S., is a global market research and consulting service provider; offering syndicated and custom research reports along with growth consulting services. Our business intelligence and industry research reports offer clients with penetrative insights and actionable market data specially designed and presented to aid strategic decision making. These exhaustive reports are designed via a proprietary research methodology and are available for key industries such as chemicals, advanced materials, technology, renewable energy and biotechnology.