Polyester Fiber Market will Grasp USD 73.5 billion by 2020

Zion Research has published a new report titled “Polyester Fiber Market (Solid and Hollow) for Carpet & Rugs, Nonwoven Fabrics, Fiberfill and Other Applications: Global Industry Perspective, Comprehensive Analysis, and Forecast, 2014 – 2020.” According to the report, global demand for polyester fibers was valued at USD 73.5 billion in 2014 and is expected to cross USD 115.0 billion in 2020, growing at a CAGR of slightly over 5% between 2015 and 2020. In terms of volume, the global polyester fiber market stood at 42 million tons in 2014.Polyester fibers are derived polymers. They are specially derived from the chemicals like napolyethylene terephthalate (PET) and monoethylene glycol. The nonwoven bonded fabrics provide frequent folding property to the product. The polyester fiber provides the features like good elasticity, wear and tear property, low humidity absorption, creases free, quick drying, abrasion free, and water resistance and low humidity absorption capability.Browse the full “Polyester Fiber Market for Carpet & Rugs, Nonwoven Fabrics, Fiberfill and Other Applications: Global Industry Perspective, Comprehensive Analysis, and Forecast, 2014 – 2020” report at http://www.marketresearchstore.com/report/polyester-fiber-market-for-carpet-z37560Polyester fiber market on the basis of product is segmented as solid polyester fiber and hollow polyester fiber. The solid polyester fiber dominated the market and accounted for around 80% shares in total volume consumption in 2014. The polyester fiber market is mainly driven by rising demand for solid fibers. Owing to its unique characteristics, solid polyester fiber has been emerged as a potential substitute for traditional fibers such as cotton and nylon and expected to grow the market size for the years to come.The polyester fiber on the basis of the application is segmented as carpets and rugs, nonwoven fabrics, fiberfill and others. Rising disposable incomes in addition to dynamic lifestyles…