According to a QYResearch report, the global polyester staple fiber market is projected to reach RMB 216.11 billion in sales by 2031, with a compound annual growth rate (CAGR) of 4.8% from 2025 to 2031.
Major global manufacturers include Alpek, Indorama Ventures Public, Toray Industries, China Petroleum & Chemical, and Reliance Industries.
China is the world's largest producer of polyester fiber. In 2023, China's polyester production reached 57.02 million tons, an increase of 8.7% year-on-year. In 2021, China's polyester staple fiber exports reached 947,100 tons, an increase of 17.4% year-on-year.
