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The China Polyethylene Terephthalate (PET) Fiber market size was valued at US$ 32.78 billion in 2024 and is projected to reach US$ 45.23 billion by 2030, at a CAGR of 5.5% during the forecast period 2024-2030.
PET Fiber is a synthetic fiber made from polyethylene terephthalate, widely used in textiles, apparel, home furnishings, and industrial applications due to its strength, durability, and wrinkle resistance.
China's PET Fiber market continues to dominate global production, driven by its robust textile industry and growing domestic consumption. In 2023, China produced approximately 38.5 million metric tons of PET fiber, accounting for 65% of global production. The apparel sector remains the largest consumer, representing 58% of demand, followed by home textiles at 25% and technical textiles at 17%. The market saw a significant boost from the recovery of global textile demand, which led to a 12% increase in PET fiber exports in 2023. Technological advancements have focused on developing high-performance and sustainable PET fibers, with new products offering enhanced moisture-wicking properties and reduced microfiber shedding. The market is seeing strong growth in recycled PET fibers, increasing at 18% annually, driven by fashion brands' sustainability commitments. In 2023, major retailers' pledges to use recycled materials led to a 35% increase in demand for rPET fibers in casual wear. The industry faces challenges from fluctuating raw material prices, with PTA and MEG costs varying by up to 20% in 2023. However, vertical integration strategies are helping major players stabilize costs. Emerging applications in smart textiles are showing promise, with conductive PET fibers for wearable technology growing at 25% CAGR, albeit from a small base of 1.5% market share. Looking ahead, the market is expected to benefit from China's push towards higher-value textile products, with specialized PET fibers for automotive and aerospace applications projected to grow at 11% CAGR through 2030.

This report contains market size and forecasts of Polyethylene Terephthalate (PET) Fiber in China, including the following market information:
•    China Polyethylene Terephthalate (PET) Fiber Market Revenue, 2019-2024, 2024-2030, ($ millions)
•    China Polyethylene Terephthalate (PET) Fiber Market Sales, 2019-2024, 2024-2030,
•    China Top five Polyethylene Terephthalate (PET) Fiber companies in 2023 (%)

Report Includes

This report presents an overview of China market for Polyethylene Terephthalate (PET) Fiber , sales, revenue and price. Analyses of the China market trends, with historic market revenue/sales data for 2019 - 2023, estimates for 2024, and projections of CAGR through 2030.

This report focuses on the Polyethylene Terephthalate (PET) Fiber sales, revenue, market share and industry ranking of main manufacturers, data from 2019 to 2024. Identification of the major stakeholders in the China Polyethylene Terephthalate (PET) Fiber market, and analysis of their competitive landscape and market positioning based on recent developments and segmental revenues.

This report will help stakeholders to understand the competitive landscape and gain more insights and position their businesses and market strategies in a better way.

This report analyzes the segments data by Type, and by Sales Channels, sales, revenue, and price, from 2019 to 2030. Evaluation and forecast the market size for Humidifier sales, projected growth trends, production technology, sales channels and end-user industry.

Segment by Type

•    Staple Fiber
•    Filament Yarn

Segment by Applications

•    Apparel
•    Home Furnishing
•    Industrial
•    Other

Key Companies covered in this report:

•    Far Eastern New Century Corporation
•    Hengli Group
•    Sinopec Yizheng Chemical Fibre Company
•    Zhejiang Hengyi Group Co., Ltd.
•    Jiangsu Sanfangxiang Group
•    Tongkun Group Co., Ltd.
•    Shenghong Holding Group
•    Rongsheng Petrochemical Co., Ltd.
•    Zhongxin Fengye Chemical Fiber Co., Ltd.
•    Xin Feng Ming Group Co., Ltd.

Including or excluding key companies relevant to your analysis.

Competitor Analysis

The report also provides analysis of leading market participants including:
•    Key companies Polyethylene Terephthalate (PET) Fiber revenues in Chinan market, 2019-2024 (Estimated), ($ millions)
•    Key companies Polyethylene Terephthalate (PET) Fiber revenues share in Chinan market, 2023 (%)
•    Key companies Polyethylene Terephthalate (PET) Fiber sales in Chinan market, 2019-2024 (Estimated),
•    Key companies Polyethylene Terephthalate (PET) Fiber sales share in Chinan market, 2023 (%)

Key Indicators Analysed
•    Market Players & Competitor Analysis: The report covers the key players of the industry including Company Profile, Product Specifications, Production Capacity/Sales, Revenue, Price and Gross Margin 2019-2030 & Sales with a thorough analysis of the market’s competitive landscape and detailed information on vendors and comprehensive details of factors that will challenge the growth of major market vendors.
•    Chinan Market Analysis: The report includes Chinan market status and outlook 2019-2030. Further the report provides break down details about each region & countries covered in the report. Identifying its sales, sales volume & revenue forecast. With detailed analysis by types and applications.
•    Market Trends: Market key trends which include Increased Competition and Continuous Innovations.
•    Opportunities and Drivers: Identifying the Growing Demands and New Technology
•    Porters Five Force Analysis: The report provides with the state of competition in industry depending on five basic forces: threat of new entrants, bargaining power of suppliers, bargaining power of buyers, threat of substitute products or services, and existing industry rivalry.

Key Benefits of This Market Research:
•    Industry drivers, restraints, and opportunities covered in the study
•    Neutral perspective on the market performance
•    Recent industry trends and developments
•    Competitive landscape & strategies of key players
•    Potential & niche segments and regions exhibiting promising growth covered
•    Historical, current, and projected market size, in terms of value
•    In-depth analysis of the Polyethylene Terephthalate (PET) Fiber Market
•    Overview of the regional outlook of the Polyethylene Terephthalate (PET) Fiber Market

Key Reasons to Buy this Report:

•    Access to date statistics compiled by our researchers. These provide you with historical and forecast data, which is analyzed to tell you why your market is set to change
•    This enables you to anticipate market changes to remain ahead of your competitors
•    You will be able to copy data from the Excel spreadsheet straight into your marketing plans, business presentations or other strategic documents
•    The concise analysis, clear graph, and table format will enable you to pinpoint the information you require quickly
•    Provision of market value (USD Billion) data for each segment and sub-segment
•    Indicates the region and segment that is expected to witness the fastest growth as well as to dominate the market
•    Analysis by geography highlighting the consumption of the product/service in the region as well as indicating the factors that are affecting the market within each region
•    Competitive landscape which incorporates the market ranking of the major players, along with new service/product launches, partnerships, business expansions, and acquisitions in the past five years of companies profiled
•    Extensive company profiles comprising of company overview, company insights, product benchmarking, and SWOT analysis for the major market players
•    The current as well as the future market outlook of the industry concerning recent developments which involve growth opportunities and drivers as well as challenges and restraints of both emerging as well as developed regions
•    Includes in-depth analysis of the market from various perspectives through Porter’s five forces analysis
•    Provides insight into the market through Value Chain
•    Market dynamics scenario, along with growth opportunities of the market in the years to come
•    6-month post-sales analyst support

We offer additional regional and global reports that are similar:
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•    Japan Polyethylene Terephthalate (PET) Fiber Market 
•    Germany Polyethylene Terephthalate (PET) Fiber Market 
•    South Korea Polyethylene Terephthalate (PET) Fiber Market 
•    Indonesia Polyethylene Terephthalate (PET) Fiber Market 
•    Brazil Polyethylene Terephthalate (PET) Fiber Market

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