The Global Polyester Fiber Market was valued at USD 55.23 Billion in 2024 and is projected to reach USD 54.02 Billion by 2032, exhibiting a Compound Annual Growth Rate (CAGR) of -0.3% during the forecast period (2024–2032). This market adjustment reflects a complex landscape of oversupply in Asia-Pacific and evolving consumer preferences toward sustainable materials. However, underlying this shift is significant activity, driven by the apparel industry’s demand for cost-effective, durable fabrics and the growing market for recycled polyester (rPET) solutions.

As the textile industry navigates the dual challenges of economic volatility and the push for sustainability, the companies producing the foundational materials are more critical than ever. In this blog, we profile the Top 10 Companies in the Polyester Fiber Industry—a group of integrated petrochemical giants, innovative recyclers, and specialized manufacturers defining the future of synthetic textiles.

---

🔟 1. Tongkun Group Co., Ltd.

Headquarters: Tongxiang, Zhejiang, China
Key Offering: Polyester Filament Yarn (POY, FDY, DTY), Polyester Staple Fiber

Tongkun Group is one of the world’s largest producers of polyester filament yarn, operating massive, vertically integrated production facilities. The company’s strategy focuses on achieving unparalleled economies of scale, allowing it to dominate both domestic and international markets. Its extensive product portfolio caters to a wide range of textile applications, from apparel to industrial fabrics.

Sustainability Initiatives:

• Investments in energy-efficient production technologies to reduce carbon footprint

• Pilot projects for recycled polyester (rPET) production to meet global sustainability demands

• Continuous expansion of production capacity to maintain cost leadership

Download FREE Sample Report: Polyester Fiber Market – View in Detailed Research Report

---

9️⃣ 2. Reliance Industries Limited

Headquarters: Mumbai, Maharashtra, India
Key Offering: RECRON branded PSF, Specialty Polyester Fibers, rPET

Reliance Industries leverages its vast petrochemical infrastructure to be a dominant force in the polyester fiber market, particularly in India and Asia. The company’s RECRON brand is a household name for polyester staple fiber. Recently, Reliance has made significant strides in the circular economy, launching ambitious initiatives to produce recycled polyester from post-consumer waste.

Sustainability Initiatives:

• Commitment to using 100% recycled raw materials for polyester production

• Development of bio-based and biodegradable fiber alternatives

• Large-scale investments in chemical recycling technologies

---

8️⃣ 3. Zhejiang Hengyi Group Co., Ltd.

Headquarters: Hangzhou, Zhejiang, China
Key Offering: Polyester Chips, Polyester Filament Yarn, Polyester Staple Fiber

Hengyi Group is a fully integrated player, controlling the supply chain from aromatics to finished polyester fibers. This vertical integration provides a significant cost advantage and supply security. The company has a strong international presence, with production bases extending beyond China into Southeast Asia, serving global textile hubs.

Sustainability Initiatives:

• Focus on producing eco-friendly fibers with reduced environmental impact

• Adoption of advanced manufacturing processes to minimize water and energy consumption

• Exploration of partnerships for sustainable raw material sourcing

---

7️⃣ 4. Far Eastern New Century Corporation (FENC)

Headquarters: Taipei, Taiwan
Key Offering: Virgin and Recycled Polyester Fibers (rPET), Technical Textiles

Far Eastern New Century is a global leader in sustainable polyester solutions, renowned for its innovation in recycled fibers. The company operates a comprehensive recycling system, turning PET bottles into high-quality polyester fibers for major international apparel brands. FENC is also a key player in high-value technical textiles for automotive and medical applications.

Sustainability Initiatives:

• Pioneer in bottle-to-fiber recycling with a global collection network

• Annual production of over 700,000 tons of recycled polyester products

• Development of carbon capture and utilization technologies for fiber production

Download FREE Sample Report: Polyester Fiber Market – View in Detailed Research Report

---

6️⃣ 5. Indorama Ventures Public Company Limited

Headquarters: Bangkok, Thailand
Key Offering: PET Resins, Polyester Staple Fiber, Recycled Polyester

Indorama Ventures is a global chemical producer with a massive footprint in the polyester value chain. While known for PET packaging, its fiber division is a major supplier to the textile industry. The company has aggressively expanded its recycling capacity, positioning itself as a critical supplier of rPET to brands with stringent sustainability targets.

Sustainability Initiatives:

• Goal to recycle 50 billion PET bottles annually by 2025

• Significant investments in mechanical and chemical recycling facilities worldwide

• Commitment to align business operations with circular economy principles

---

5️⃣ 6. Alpek Polyester

Headquarters: San Pedro Garza García, Nuevo León, Mexico
Key Offering: PTA, PET, Polyester Staple Fiber (under DAK Americas)

Alpek, through its subsidiary DAK Americas, is a leading polyester producer in the Americas. The company serves a diverse range of markets, from textiles and nonwovens to packaging. Its strategic location provides advantages for supplying North and South American markets, and it has developed specialized fibers for hygiene and automotive applications.

Sustainability Initiatives:

• Development of rPET fibers with a focus on the North American market

• Implementation of production processes designed to reduce greenhouse gas emissions

• Partnerships with waste management companies to secure recycled feedstock

---

4️⃣ 7. Zhejiang Rongsheng Holding Group Co., Ltd.

Headquarters: Hangzhou, Zhejiang, China
Key Offering: PX, PTA, Polyester Fibers and Filaments

Rongsheng Holding Group is another Chinese giant with deep vertical integration, producing paraxylene (PX), purified terephthalic acid (PTA), and ultimately, polyester fibers. This control over upstream raw materials insulates the company from market volatilities and ensures consistent fiber output for the textile sector.

Sustainability Initiatives:

• Investment in cleaner production technologies for PTA and fiber manufacturing

• Research into bio-based routes for PTA production to reduce reliance on fossil fuels

• Efficiency improvements aimed at reducing the environmental footprint per ton of fiber produced

---

3️⃣ 8. Jiangsu Sanfangxiang Group

Headquarters: Jiangyin, Jiangsu, China
Key Offering: Polyester Staple Fiber, Polyester Filament Yarn, Textile Yarn

Sanfangxiang Group is a major specialized manufacturer of polyester fibers, with a strong focus on quality and variety. The company produces a wide array of fiber types, including flame-retardant, cationic dyeable, and hollow fibers, catering to niche and high-value segments of the textile market.

Sustainability Initiatives:

• Development of eco-friendly dyeing and finishing processes for polyester fibers

• Production of recycled content fibers for environmentally conscious brands

• Adoption of circular water usage systems in manufacturing plants

---

2️⃣ 9. Toray Industries, Inc.

Headquarters: Tokyo, Japan
Key Offering: High-Performance Polyester Fibers, Specialty Textiles

Toray Industries stands out for its focus on innovation and high-value, performance-driven polyester fibers. The company’s expertise lies in engineering fibers for advanced applications, including sportswear with moisture management, automotive interiors with enhanced durability, and protective clothing with specific functional properties.

Sustainability Initiatives:

• Leadership in developing bio-based and biodegradable polyester alternatives

• Creation of closed-loop recycling systems for textile waste

• Strong R&D focus on reducing the lifecycle environmental impact of synthetic fibers

---

1️⃣ 10. Barnet GmbH & Co. KG

Headquarters: Zug, Switzerland (Operations globally)
Key Offering: Recycled Polyester Staple Fiber (rPET), Specialty Fibers

Barnet is a key global player in the recycled polyester fiber market, specializing in transforming post-consumer PET bottles into high-quality fibers. The company serves the automotive, bedding, and apparel industries with a strong emphasis on sustainability and traceability throughout its supply chain.

Sustainability Initiatives:

• Dedicated focus on 100% recycled product lines

• Implementation of stringent traceability systems to verify recycled content

• Production processes optimized for minimal energy and water usage

Get Full Report Here: Polyester Fiber Market – View in Detailed Research Report

---

🌍 Outlook: The Future of Polyester Fiber Is Sustainable and Specialized

The polyester fiber market is undergoing a fundamental transformation. While volume growth is moderating, the industry’s value is shifting toward recycled content, innovative production technologies, and high-performance applications. The leading companies are no longer just commodity producers; they are becoming enablers of circularity and innovation in the global textile chain.

📈 Key Trends Shaping the Market:

• Accelerated adoption of rPET driven by brand commitments and regulatory mandates in the EU and US

• Technological advancements in chemical recycling to improve the quality and yield of recycled fibers

• Growth in demand for specialized fibers in technical textiles for automotive, medical, and construction sectors

• Increased vertical integration and consolidation among producers to secure margins and supply chains

Get Full Report Here: Polyester Fiber Market – View in Detailed Research Report

The companies listed above are not only supplying the global textile industry—they are actively weaving the blueprint for a more sustainable and innovative future for synthetic fibers.