Executive Summary
- Polyester fiber, a synthetic material, is generally produced from polyethylene glycol and terephthalic acid, offering extreme elasticity, high wrinkle resistance, and abrasion resistance. Recycled polyester is obtained by melting down existing plastic and re-spinning it into new polyester fiber.
- The scope of Recycled Polyester Fiber was studied by type and various applications, including Apparel and Fashion, Home Furnishing, Filtration, Construction, and automotive, among others
- Rising demand for recycled polyester staple fiber is one of the major growth drivers in the global market.
- Consumers are increasingly opting for sustainable textiles, which are made from recycled materials. Growing awareness regarding environmental protection is a major factor boosting the demand for sustainable textiles. The availability of sustainable clothing in a wide range of stylish designs, bright colors, and attractive prints is further supplementing the product demand.
Market Overview
- The growing usage of Recycled polyester fiber in making sportswear, activewear, and intimate wear is stimulating the demand for Recycled polyester fiber in the apparel and fashion application segment and thus propelling its market.
- Growing textile industries in developed countries will, in turn, create a demand for recycled polyester fiber in making them. For instance, the German textile industry had an annual turnover of around EUR 30 billion in 2019. Germany has an exceptionally high export rate of about 40% for its textile and clothing industry.
- Rising textile industries in various countries will further create demand for Recycled polyester fiber production. The German textile industry had an annual turnover of around EUR 30 billion in 2019. The textiles and clothing industry is the second-largest consumer goods industry in Germany. The growing demand for technical textiles is expected to drive the market substantially in this country