(MENAFN- Verified Market Research) Polyesteris one of the most used fabrics in the world. It has found its way intomultiple domains. Polyesters are extensively used in making apparel andhome furnishings – from shirts and pants to jackets and hats, bed sheets,blankets, upholstered furniture and computer mouse mats. Due to this reason,the largest polyester manufacturers are coming into the spotlight.
Itmust be noted that polyester fiber is used as cushioning and insulatingmaterial in pillows, comforters and upholstery padding. As polyester fabricsare highly stain-resistant, they are largely being used for making high-qualityclothes. Also, due to high energy absorption quality of polyesters, fabrics,made by top polyester manufacturers, are used in conveyor belts, safety belts,coated fabrics and plastic reinforcements.
What is polyester fiber?
Polyesterfiber is a long chain synthetic fiber primarily composed of ethylene glycol(PET) and terephthalic acid. Role of polyester manufacturers is to make fibersthat have more elasticity, are stronger and have high wrinkle and abrasionresistance. It consists chiefly of polyesters which are quick drying resilientfiber. Due to all these factors, the chief polyester manufacturers are using itin the production of various apparels such as trousers, skirts, dresses, suits,jackets, blouses and outdoor clothing.
Applications of polyesters
Itis used in the production of non-woven products, road building fabrics, fishnetting, laundry bags and transportation upholstery. Due to these manyvarieties of products, there is always an increasing demand for polyesterfibers. However, health hazards related to polyester are acting as a majorhurdle in the growth of polyester fiber market.
Reviewing the polyestermanufacturers’ market value
Accordingto Verified Market Research experts, this market was valued at USD 92.89 billion in 2018. As the demand is growingwith every passing business quarter, it is projected to reach USD 170.72 billion by 2026. All the marketstatistics are included in the Global Polyester Manufacturers’Market Report. It must be noted that the polyester marker is growing ata CAGRof 7.9% from 2019 to 2026.
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Top 7 largest polyestermanufacturers in the world
Alpek
Alpek is a Mexican companyfounded in 1975. Due to its expertise and global presence it has become theface of top polyester manufacturers’ market. Also, it is one of thelargest PET and PTA producers in the Americas. It is one of the largestcompanies in this segment and is also the sole producer of polypropylene andcaprolactam in Mexico.
BombayDyeing
Bombay Dyeing is an Indian brandthat was seeded in 1879. It is regarded as one of the largest polyestermanufacturers in the Indian market. Also, it is the flagship company of theWadia Group, engaged primarily in the business of textiles.
ChinaPetrochemical Corporation
ChinaPetrochemical Corporation is a Beijing-based business conglomerate that startedoperating in 1998. The company is also known as Sinopec Group in the polyesterindustry. It is one of the largest producers of polyesters in the world. Itdominates the polyester manufacturers’ in Asia due to its wide network.
IndoramaVentures
IndoramaVentures isa Thailand based company founded in 1994. It is a prominent industryplayer that largely focuses on building the high-rated polyesters for itscustomers across the globe. The company is working on expanding its globalpresence along with strengthening its position as a market leader of thepolyester manufacturers’ segment.
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MitsuiChemicals
MitsuiChemicals islargely focused on developing materials and products that improve the qualityof life while being environmentally-friendly. The company is known forchallenging the status quo and regularly comes up with world-class solutionsthat help in improving the existing products.
RelianceIndustries
Reliance Industries is a proud member ofthe Fortune 500 companies’ list. Also, the company is the largest privatecompany operating in India. The company took its first step in 1972. Sincethen, it has evolved from being a textiles and polyester company to anintegrated player across energy, materials, retail, entertainment and digitalservices.
TorayIndustries
Toray Industries is a Japanesemultinational corporation that was seeded in the year 1926. The company isworking on becoming a business enterprise in the global polyestermanufacturers’ market to explore eco-friendly methods to manufacture strong andsturdy fibers.
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