POLYESTER FIBER MARKET SIZE AND SHARE ANALYSIS - GROWTH TRENDS AND FORECASTS (2024-2031)

Polyester Fiber Market, By Type (Polyester Staple Fiber (PSF) and Polyester Filament Yarn (PFY)), By Source (Virgin, Recycled And Blended, and Others), By Grade (Polyethylene Terephthalate (PET) Polyester and PCDT Polyester), By Application (Apparel, Home textiles, Carpets And Rugs, Non-woven Fabrics, and Others), By Geography (North America, Latin America, Asia Pacific, Europe, Middle East, and Africa)

In March 2023, Reliance Industries finalized the acquisition of Sintex Industries, following approval from banks a year prior and a month after receiving approval from the National Company Law Tribunal (NCLT). Sintex Industries is a prominent Indian company primarily engaged in the manufacture and sale of textiles and yarns.
In January 2022, Fiber Industries LLC, a manufacturer of polyester staple fiber, unveiled intentions to allocate US$ 30 million towards enhancing its operations in Darlington, S.C. This investment entails boosting capacity through upgrades and modernizing production lines, including the integration of cutting-edge control systems, alongside expanding warehouse facilities.
In June 2022, Alpek S.A.B de C.V. announced that it had acquired CarbonLite Recycling LLC’s state-of-the-art PET recycling and pelletization facility in Reading, Pennsylvania, in the U.S. The site was acquired for USD 96 million debt-free and is subject to customary conditions precedent.