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, reflecting a Compound Annual Growth Rate (CAGR) of -0.3% during the forecast period (2024–2032). This slight contraction is primarily due to oversupply conditions in Asia-Pacific, yet it masks dynamic regional growth, technological innovation, and a significant shift toward sustainable production. The market is being reshaped by increasing demand for technical textiles, the expanding apparel industry in emerging economies, and the accelerating adoption of Recycled Polyester (rPET) solutions across fashion and industrial sectors.

As the textile industry pivots toward circular economy principles and low-carbon operations, the focus intensifies on the key fiber producers driving material innovation, supply chain efficiency, and cleaner production pathways. In this blog, we profile the Top 10 Companies in the Polyester Fiber Industry—a blend of petrochemical giants, vertically integrated manufacturers, and recycling pioneers shaping the future of global textiles.

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🔟 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 production facilities with an annual capacity exceeding 7 million metric tons. The company’s strength lies in its fully integrated supply chain, from PTA (Purified Terephthalic Acid) production to fiber manufacturing, which provides significant cost advantages. It serves a global clientele in the textile, apparel, and industrial fabric sectors.

Sustainability Initiatives:

• Investing in chemical recycling technologies for rPET production

• Energy efficiency improvements across manufacturing plants

• Developing bio-based polyester fiber alternatives

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9️⃣ 2. Reliance Industries Limited

Headquarters: Mumbai, Maharashtra, India
Key Offering: RECRON® PSF, Polyester Filament Yarn, Specialty Polyester Fibers

Reliance Industries is India’s undisputed leader in polyester fiber, holding approximately 28% of the domestic market share. Leveraging its backward integration with one of the world’s largest petroleum refining complexes, Reliance ensures stable raw material supply and competitive pricing. Its RECRON brand is synonymous with quality in both domestic and international markets.

Sustainability Initiatives:

• Pioneering large-scale recycled polyester (rPET) production in India

• Commitment to net-zero carbon emissions by 2035

• Water conservation and zero-liquid discharge initiatives

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8️⃣ 3. Zhejiang Hengyi Group Co., Ltd.

Headquarters: Hangzhou, Zhejiang, China
Key Offering: Polyester Chips, PSF, PFY, Textured Yarn

Zhejiang Hengyi Group is a major global player with significant production capacities in China and overseas investments, particularly in Brunei. The company’s integrated operations span from aromatics production to fiber manufacturing, making it a key supplier to the textile value chain. Its focus on product diversification includes high-value differentiated fibers for technical applications.

Sustainability Initiatives:

• Expanding rPET capacity to meet global sustainability demand

• Advanced waste treatment and emission control systems

• Research into biodegradable polyester variants

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7️⃣ 4. Alpek S.A.B. de C.V. (DAK Americas)

Headquarters: Monterrey, Mexico (DAK Americas: Charlotte, NC, USA)
Key Offering: Polyester Staple Fiber, rPET, Solid-State Polymerization (SSP) Resins

Alpek, through its subsidiary DAK Americas, is a leading polyester producer in the Americas. It specializes in both virgin and recycled polyester fibers, serving diverse markets from apparel and home furnishings to automotive and construction. The company’s strategic location provides it access to key North and South American markets.

Sustainability Initiatives:

• Leadership in mechanical and chemical recycling technologies

• Producing certified rPET for major global brands

• Circular economy partnerships with waste management companies

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6️⃣ 5. Indorama Ventures Public Company Limited

Headquarters: Bangkok, Thailand
Key Offering: PET Resins, Polyester Fibers, rPET, Integrated OX-PTA-PET

Indorama Ventures is a global chemical producer with a significant footprint in the polyester value chain. While known as the world’s largest PET resin producer, its integrated operations include substantial polyester fiber production. The company’s global presence across Americas, Europe, Asia, and Africa provides resilient supply chain capabilities.

Sustainability Initiatives:

• Ambitious target to recycle 50 billion PET bottles annually by 2025

• Investment in advanced recycling infrastructure worldwide

• Committed to science-based targets for emissions reduction

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5️⃣ 6. Far Eastern New Century Corporation (FENC)

Headquarters: Taipei, Taiwan
Key Offering: Polyester Chips, PSF, PFY, rPET (FENC® TOPGREEN®)

Far Eastern New Century is a diversified Taiwanese conglomerate with a strong presence in the global polyester market. The company is renowned for its innovation in recycled polyesters through its TOPGREEN® brand, which includes fibers made from ocean-bound plastics. FENC operates integrated production from crude oil to textile products.

Sustainability Initiatives:

• Pioneer in ocean-bound plastic recycling initiatives

• Comprehensive product lifecycle assessment programs

• Development of bio-based and biodegradable polyesters

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4️⃣ 7. Jiangsu Sanfangxiang Group

Headquarters: Jiangyin, Jiangsu, China
Key Offering: Polyester Staple Fiber, Differentiated & Specialty Fibers

Jiangsu Sanfangxiang Group is a major Chinese producer specializing in polyester staple fiber (PSF) with a strong focus on differentiated and specialty products. The company has developed fibers with enhanced properties for specific applications, including flame retardancy, antimicrobial features, and high tenacity for industrial uses.

Sustainability Initiatives:

• Development of eco-friendly dyeing processes for polyester

• Investment in water recycling and energy recovery systems

• Research into closed-loop polyester production

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3️⃣ 8. Zhejiang Rongsheng Holding Group Co., Ltd.

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

Rongsheng Holding Group is a key player in China’s polyester industry with significant upstream integration into PTA production. The company’s strategic focus on scaling production efficiency has made it a competitive supplier in both domestic and international markets. Its product portfolio caters extensively to the textile and packaging industries.

Sustainability Initiatives:

• Implementation of green manufacturing standards

• Carbon footprint reduction programs across operations

• Exploration of carbon capture and utilization technologies

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2️⃣ 9. Toray Industries, Inc.

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

Toray Industries is a Japanese advanced materials company that produces high-value specialty polyester fibers for technical applications. While smaller in volume compared to commodity producers, Toray competes on innovation, developing fibers for automotive, aerospace, medical, and environmental applications with superior performance characteristics.

Sustainability Initiatives:

• Development of biomass-derived polyester fibers

• Advanced recycling technologies for textile waste

• Carbon fiber reinforced plastics using polyester precursors

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1️⃣ 10. China National Chemical Corporation (ChemChina)

Headquarters: Beijing, China
Key Offering: Polyester Fibers, Industrial Yarns, Technical Textiles

ChemChina, through its subsidiary Bluestar, is a significant state-owned producer of polyester fibers in China. The company has extensive capabilities in both commodity and specialty polyester production, with a strong focus on industrial applications including tire cord, conveyor belts, and safety textiles. Its global reach was expanded through the acquisition of KraussMaffei.

Sustainability Initiatives:

• Development of eco-industrial parks with circular economy principles

• Investment in green chemical processes for fiber production

• Research into advanced material recycling technologies

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Polyester Fiber Market – View in Detailed Research Report

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

The polyester fiber market is undergoing a fundamental transformation. While conventional polyester continues to dominate production volumes, the industry is investing significantly in circular economy solutions, advanced recycling technologies, and smart fiber development.

📈 Key Trends Shaping the Market:

• Rapid expansion of rPET capacity in Europe, North America, and Asia

• Regulatory push for recycled content mandates in textiles by 2030

• Digitalization of supply chains for traceability and transparency

• Brand-manufacturer alliances for sustainable fiber development

Read Full Report:
Polyester Fiber Market – View in Detailed Research Report

The companies listed above are not only supplying global textile demand—they’re pioneering the sustainable transformation of the fiber industry.