What the key factors impelling the growth of LiDAR in mapping market?

Increasing adoption of LiDAR in mapping solution for early detection of natural calamities like earthquakes, volcanic eruptions, and floods to reduce associated damages is propelling the LiDAR in mapping market growth. The technology is used for archeological surveys and inspection to ensure safe operations in O&G industry and helps in mapping suitable locations for placing oil and gas supply pipelines. Read More

Why is LiDAR in mapping market witnessing restrained growth?

Effective utilization of LiDAR in mapping solutions requires skilled professionals and heavy investment for LiDAR equipment and software. High set-up and operation cost, coupled with extended time taken for data acquisition is leading to restrained deployment of technology across infrastructure project, which in turn is hindering the LiDAR in mapping market growth. Read More

Which region will emerge as a lucrative growth avenue for LiDAR in mapping market?

Asia Pacific LiDAR in mapping market is projected to register decent growth during 2020-2026, as nations like China, India, and Japan are increasingly adopting this technology to improve disaster management systems. LiDAR in mapping solutions is being deployed widely to geotag earthquake prone areas and to evaluate the damage caused by landslides during earthquakes. Read More

How is the competitive landscape of LiDAR in mapping market defined?

The prominent players operating in LiDAR in mapping market are Velodyne LiDAR, Inc., Tetravue, Inc., Quanergy Systems, Inc., LeiShen Intelligent Systems Co., Ltd., Leica Geosystems AG, and Hesai Technology. These market behemoths are emphasizing on launching low-cost LiDAR sensors to serve the expanding mapping market. Read More

Global Polyester Fiber Market to Cross $ 190 Bn by 2026

Q: How are the various product types contributing towards the growth of polyester fiber market?

The report states that solid fiber segment held the largest market share in 2018 due to its high tensile strength, durability, softness, and cost-effectiveness. However, hollow fiber segment is expected to be worth USD 30 billion by the year 2026. Due to their bulky nature and high resilience, hollow fibers are primarily used in making protective clothing, quilts, and pillows. Growing demand for coats, winterwear, and jackets in harsh winter conditions of North America and Europe is stimulating the industry outlook. Read More

Global Polyester Fiber Market to Cross $ 190 Bn by 2026

January 18, 2020

According to the research report titled ‘Polyester Fiber Market Size By Grade (PET, PCDT), By Product (Solid, Hollow), By Application (Carpets & Rugs, Non-Woven Fabrics, Fiberfill, Apparels, Home Textiles, Others), Industry Analysis Report, Regional Outlook, Growth Potential, Price Trends, Competitive Market Share & Forecast, 2019 – 2026’, available at MarketStudyReport.com, the global polyester fiber market is expected to cross USD 190 billion by the year 2026.

Rapid urbanization coupled with increasing utilization of polyester fiber in apparels and home textile applications are major factors driving the polyester fiber market growth. Polyester is deemed to be an ideal substitute for synthetic fibers and is cost-effective as compared to nylon, polypropylene, and wool. Moreover, polyester fibers are resistant to stain and wrinkle as well as offer aesthetic appeal, soft feel, and high luster. Flourishing apparel and home décor industry in developing nations will aid the expansion of the market.

In terms of grade, the report cites that PET grade segment dominated the polyester fiber market in 2018, as these fibers offer better strength and high resistance to wrinkle and stain as compared to its counterparts.

On the other hand, PCDT grade polyester fiber market segment is expected to expand with a CAGR of 9% during 2019-2026. This product is widely used for producing furnishings and home textiles due to its excellent resilience and elasticity properties. It is also used for making high quality textiles including furniture covers, drapes, curtains, and upholstery.

As per the product type, the report states that solid fiber segment held the largest market share in 2018 due to its high tensile strength, durability, softness, and cost-effectiveness. However, hollow fiber segment is anticipated to be worth USD 30 billion by the year 2026. Due to their bulky nature and high resilience, hollow fibers are primarily used in making protective clothing, quilts, and pillows. Growing demand for coats, winterwear, and jackets in harsh winter conditions of North America and Europe is stimulating the industry outlook.

Based on the application spectrum, home textiles segment held over 15% share of polyester fiber market in 2018. Since polyester fibers have high durability and exceptional strength, they are used extensively in home décor and furnishing products.

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According to the report, apparel application segment is estimated to grow substantially in the forthcoming years, owing to increasing utilization of polyester fiber in garment and fast-fashion sector.

The prominent companies operating in the polyester fiber market are Jiangsu Sanfangxiang Group, Alpek S.A.B. de C.V, Zhejiang Hengyi Petrochemical Group, GreenFiber International S.A, Far Eastern New Century Corporation, Stein Fibers Ltd., Zhejiang Hengsheng Chemical Fiber Co., Ltd., Toray Industries, Inc., Swicofil AG, Nan Ya Plastics Corporation, Mossi Ghisolfi Group, Sinopec Yizheng Chemical Fibre LLC, William Barnet and Son, LLC, Indorama Ventures PLC, and Reliance Industries Ltd.