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Global polyester fibers market outlook

October 30th, 2020 / By: / Industry News

According to the report “Polyester Fibers—Global Market Trajectory & Analytics,” from ResearchAndMarkets.com, amid the COVID-19 crisis, the global market for Polyester Fibers (estimated at US$103.9 billion in the year 2020), is projected to reach a revised size of US$164.3 billion by 2027, growing at a CAGR of 6.8% over the period.

The polyester fibers market in the U.S. is currently estimated at US$28.1 billion. China, the world`s second largest economy, is forecast to reach a projected market size of US$35.8 billion by the year 2027 trailing a CAGR of 10.3% over the analysis period 2020 to 2027. Among the other noteworthy geographic markets are Japan and Canada, each forecast to grow at 3.6% and 5.9% respectively over the period. Within Europe, Germany is forecast to grow at approximately 4.2% CAGR.