Product Code: ETC238831 | Publication Date: Aug 2022 | Updated Date: Apr 2025 | Product Type: Market Research Report | |
Publisher: 6Wresearch | No. of Pages: 75 | No. of Figures: 35 | No. of Tables: 20 | |
The Sri Lanka Polyester Fiber Market is projected to witness mixed growth rate patterns during 2025 to 2029. Growth accelerates to 9.88% in 2027, following an initial rate of 7.42%, before easing to 7.21% at the end of the period.
By 2027, Sri Lanka's Polyester Fiber market is forecasted to achieve a growing growth rate of 9.88%, with China leading the Asia region, followed by India, Japan, Australia and South Korea.
The polyester fiber market in Sri Lanka is experiencing growth with applications in textiles, automotive interiors, home furnishings, and industrial sectors. Polyester fibers offer properties such as high tensile strength, wrinkle resistance, and moisture-wicking capabilities, making them versatile for various applications. Market expansion is driven by consumer demand for durable and cost-effective synthetic fibers, advancements in textile manufacturing technologies, and the growth of apparel and home textile industries. Key trends include the development of eco-friendly polyester fibers from recycled materials, innovations in fiber finishes for enhanced performance, and collaborations across the textile value chain to meet evolving market demands.
The Sri Lanka polyester fiber market is expanding with increasing demand for textiles, apparel, home furnishings, and industrial applications requiring synthetic fibers with durability, moisture-wicking properties, and colorfastness. Polyester fibers offer advantages such as affordability, easy maintenance, and versatility in Sri Lanka. Market drivers include fashion industry trends, textile manufacturing growth, and consumer preference for performance fabrics. Fiber producers, textile mills, and apparel brands are investing in sustainable fiber technologies, recycling initiatives, and product innovations to cater to diverse market needs and environmental concerns in Sri Lanka competitive polyester fiber market.
The polyester fiber market in Sri Lanka faces several challenges, including high costs associated with raw materials and production processes, impacting pricing and competitiveness. There is limited local manufacturing capacity and a reliance on imported polyester fiber, which can be affected by international trade policies and price fluctuations. The market also suffers from regulatory and compliance challenges related to environmental and safety standards. Additionally, competition from natural fibers and other synthetic fibers poses a significant challenge to market growth. Limited awareness and understanding of the benefits and applications of polyester fiber among end-users also affect market demand.
Government policies in Sri Lanka for the polyester fiber market emphasize supporting the textile and apparel industry by promoting the use of synthetic fibers. Initiatives include providing financial incentives for the production of polyester fiber, support for research and development in fiber technologies, and ensuring regulatory compliance with environmental standards to enhance product quality and sustainability.
1 Executive Summary |
2 Introduction |
2.1 Key Highlights of the Report |
2.2 Report Description |
2.3 Market Scope & Segmentation |
2.4 Research Methodology |
2.5 Assumptions |
3 Sri Lanka Polyester Fiber Market Overview |
3.1 Sri Lanka Country Macro Economic Indicators |
3.2 Sri Lanka Polyester Fiber Market Revenues & Volume, 2021 & 2031F |
3.3 Sri Lanka Polyester Fiber Market - Industry Life Cycle |
3.4 Sri Lanka Polyester Fiber Market - Porter's Five Forces |
3.5 Sri Lanka Polyester Fiber Market Revenues & Volume Share, By Grade, 2021 & 2031F |
3.6 Sri Lanka Polyester Fiber Market Revenues & Volume Share, By Product, 2021 & 2031F |
3.7 Sri Lanka Polyester Fiber Market Revenues & Volume Share, By Application, 2021 & 2031F |
4 Sri Lanka Polyester Fiber Market Dynamics |
4.1 Impact Analysis |
4.2 Market Drivers |
4.3 Market Restraints |
5 Sri Lanka Polyester Fiber Market Trends |
6 Sri Lanka Polyester Fiber Market, By Types |
6.1 Sri Lanka Polyester Fiber Market, By Grade |
6.1.1 Overview and Analysis |
6.1.2 Sri Lanka Polyester Fiber Market Revenues & Volume, By Grade, 2021-2031F |
6.1.3 Sri Lanka Polyester Fiber Market Revenues & Volume, By PET, 2021-2031F |
6.1.4 Sri Lanka Polyester Fiber Market Revenues & Volume, By PCDT, 2021-2031F |
6.2 Sri Lanka Polyester Fiber Market, By Product |
6.2.1 Overview and Analysis |
6.2.2 Sri Lanka Polyester Fiber Market Revenues & Volume, By Solid, 2021-2031F |
6.2.3 Sri Lanka Polyester Fiber Market Revenues & Volume, By Hollow, 2021-2031F |
6.3 Sri Lanka Polyester Fiber Market, By Application |
6.3.1 Overview and Analysis |
6.3.2 Sri Lanka Polyester Fiber Market Revenues & Volume, By Carpets & rugs, 2021-2031F |
6.3.3 Sri Lanka Polyester Fiber Market Revenues & Volume, By Non-woven fiber, 2021-2031F |
6.3.4 Sri Lanka Polyester Fiber Market Revenues & Volume, By Fiberfill, 2021-2031F |
6.3.5 Sri Lanka Polyester Fiber Market Revenues & Volume, By Apparel, 2021-2031F |
6.3.6 Sri Lanka Polyester Fiber Market Revenues & Volume, By Home textile, 2021-2031F |
6.3.7 Sri Lanka Polyester Fiber Market Revenues & Volume, By Others, 2021-2031F |
7 Sri Lanka Polyester Fiber Market Import-Export Trade Statistics |
7.1 Sri Lanka Polyester Fiber Market Export to Major Countries |
7.2 Sri Lanka Polyester Fiber Market Imports from Major Countries |
8 Sri Lanka Polyester Fiber Market Key Performance Indicators |
9 Sri Lanka Polyester Fiber Market - Opportunity Assessment |
9.1 Sri Lanka Polyester Fiber Market Opportunity Assessment, By Grade, 2021 & 2031F |
9.2 Sri Lanka Polyester Fiber Market Opportunity Assessment, By Product, 2021 & 2031F |
9.3 Sri Lanka Polyester Fiber Market Opportunity Assessment, By Application, 2021 & 2031F |
10 Sri Lanka Polyester Fiber Market - Competitive Landscape |
10.1 Sri Lanka Polyester Fiber Market Revenue Share, By Companies, 2024 |
10.2 Sri Lanka Polyester Fiber Market Competitive Benchmarking, By Operating and Technical Parameters |
11 Company Profiles |
12 Recommendations |
13 Disclaimer |