Market Overview:
Polyester is a manmade fiber, manufactured from petrochemical products by a process called polymerization. With 49% of the global fiber production, polyester is the most broadly used fiber in the apparel sector, annually more than 63,000 million tonnes of polyester fiber are produced. The method that is used for recycling can be either mechanical or chemical, with feedstock consisting of either pre- or post-consumer waste that can no longer be used for its intended purpose. PET is used as a raw material for recycled polyester. This material is also used in clear plastic water bottles, and recycling it to reach the fabric avoids it from going to landfill. The garments produced from recycled polyester can be recycled again and again with no degradation of quality, letting to reduce wastage, which means that the garments manufacturer could become a closed loop system, polyester could forever be reused and recycled.
Attributes | Details |
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Study Period | 2017-2027 |
Base Year | 2021 |
Forecast Period | 2022-2027 |
Historical Period | 2017-2021 |
Unit | Value (USD Million) |
Key Companies Profiled | Loop Industries, Inc. (Canada), Worn Again (United Kingdom), Tyton Biosciences, LLC (United States), Blocktex (Australia), Bionic Yarn (United States), Toray (Japan), Tejin Fibers (Japan), Eastman Chemical Company (United States), BP (United Kingdom), Formosa Taffeta Co., Ltd. (Taiwan), Zhejiang Jiaren New Materials Co., Ltd. (China), Repreve (United States), JB Ecotex (India) and William Barnet & Son (United States) |
Customization Scope | Avail customization with purchase of this report. Add or modify country, region or narrow down segments in the final scope subject to feasibility |
AMA Research follows a focused and realistic research framework that provides the ability to study the crucial market dynamics of major and emerging geographies across the world. Moreover, an in-depth assessment is mostly conducted by our analysts on geographical regions to provide clients and businesses the opportunity to dominate in niche markets and expand in emerging markets across the globe. This market research study also showcases the spontaneously changing Vendors landscape impacting the growth of the market. Furthermore, our market researchers extensively analyze the products and services offered by multiple players competing to increase their market share and presence.
Key Vendors of Recycled Polyester Fibers Market Study:
Loop Industries, Inc. (Canada), Worn Again (United Kingdom), Tyton Biosciences, LLC (United States), Blocktex (Australia), Bionic Yarn (United States), Toray (Japan), Tejin Fibers (Japan), Eastman Chemical Company (United States), BP (United Kingdom), Formosa Taffeta Co., Ltd. (Taiwan), Zhejiang Jiaren New Materials Co., Ltd. (China), Repreve (United States), JB Ecotex (India) and William Barnet & Son (United States)
Recycled Polyester Fibers Market Segment Analysis
Scope | Sub-Segments |
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Application / End User | Apparel, Home Furnishing, Automotive, Filtration, Personal Care & Hygiene and Others |
Type | Polyester Filaments and Polyester Staple Fibers |
Recycling Method | Mechanical,Chemical |
Influencing Trend:
Increasing Adoption of Polyester in Textile Industry and Rising Awareness About Sustainable Textile Production
Market Growth Drivers:
Rising Demand for Environment Protection and Growing Textile Industry Worldwide
Challenges:
Cultivation of Organic Cotton
Opportunities:
Rising Disposable Income in Emerging Economies and Favorable Government Initiative to Support Eco-friendly Production
Some of the other players that are also part of study are VNFIBER Viet Nam Polyester Staple Fiber (Vietnam) and Far Eastern Group (Taiwan). The Global Recycled Polyester Fibers market is gaining huge competition due to involvement of United States companies that constantly invest in research & development to meet market expectation with new innovation.
Latest Industry Highlights:
In Oct 2019 - BP has developed an enhanced recycling technology, BP Infinia, that enables currently unrecyclable polyethylene terephthalate (PET) plastic waste to be diverted from landfill or incineration and instead transformed back into new, virgin-quality feedstocks.
Research Methodology:
The top-down and bottom-up approaches are used to estimate and validate the size of the Global Recycled Polyester Fibers market.
In order to reach an exhaustive list of functional and relevant players, various industry classification standards are closely followed such as NAICS, ICB, SIC to penetrate deep into important geographies by players, and a thorough validation test is conducted to reach the most relevant players for survey in Recycled Polyester Fibers market.
Identification of total players or companies operating in the global market which is further concentrated to fewer or most impacting players which are considered under the reports scope. In order to make a priority list sorting is done based on revenue generated based on the latest reporting with the help of paid databases such as Factiva, Bloomberg, etc.
Finally the questionnaire is set and specifically designed to address all the necessities for primary data collection after getting prior appointment by targeting key target audience that includes Recycled Polyester Fiber Manufacturers, Potential Investors, Raw Material Suppliers, Government Agencies and Research Institute.
This helps us to gather the data for the players revenue, operating cycle and expense, profit along with product or service growth, etc.
Almost 70-80% of data is collected through primary medium and further validation is done through various secondary sources that include Regulators, World Bank, Association, Company Website, SEC filings, OTC BB, Annual reports, press releases etc.