According to the latest report by IMARC Group, titled “Polyester Staple Fiber Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2022-2027”, the global polyester staple fiber market reached a value of US$ 22 Billion in 2021. Looking forward, IMARC Group expects the market to reach US$ 29 Billion by 2027, exhibiting at a CAGR of 4.95% during 2022-2027.
We are regularly tracking the direct effect of COVID-19 on the market, along with the indirect influence of associated industries. These observations will be integrated into the report.
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Polyester staple fiber (PSF) is a versatile, man-made fiber that is manufactured or recycled from mono ethylene glycol (MEG) or polyethylene terephthalate (PET) chips. It is lightweight, resistant to light, and is available in a wide variety of colors with different cut lengths. In addition, it also resists extreme temperatures and exhibits strong resilience. It is also used in spinning yarns that are knitted into non-woven fabrics. As a result, they are employed to produce premium pillows, quilts, sofa, cushions, mattresses, soft toys, and jackets.
The global polyester staple fiber market is primarily driven by its growing use as a substitute for cotton in the textile industry. PSFs are cheaper, thinner, and available in various colors compared to cotton. Consequently, they are increasingly used to make sportswear, activewear, and intimate wear, propelling the growth of the market. Besides this, the rising awareness regarding environmental and plastic pollution has led to the increased demand for recycled PSF. Due to this, consumers are adopting sustainable textiles that are obtained from recyclable materials. Furthermore, the increasing disposable incomes, and rising trend of sustainable and fast fashion, and increasing production of light commercial vehicles are providing positive growth to the market across the globe.
Polyester Staple Fiber Market 2022-2027 Competitive Analysis and Segmentation:
Competitive Landscape with Key Players:
The competitive landscape of the global polyester staple fiber market has been studied in the report with the detailed profiles of the key players operating in the market.
Some of these key players include:
- Alpek S.A.B. de C.V. (Alfa S.A.B. de C.V.)
- Bombay Dyeing
- China Petroleum Corporation (Sinopec Group)
- Diyou Fibre (M) Sdn Bhd
- Far Eastern New Century Corporation
- Huvis Corporation
- Indorama Corporation
- Reliance Industries Limited
- Shubhalakshmi Polyester Ltd
- Toray Industries Inc.
- XINDA Corp
Key Market Segmentation:
The report has segmented the global polyester staple fiber market on the basis of origin, product, application and region.
Breakup by Origin:
- Virgin
- Recycled
- Blended
Breakup by Product:
- Solid
- Hollow
Breakup by Application:
- Automotive
- Apparel
- Filtration
- Others
Breakup by Region:
- North America
- Asia-Pacific
- Europe
- Latin America
- Middle East and Africa
Explore Full Report with TOC & List of Figure: https://www.imarcgroup.com/polyester-staple-fiber-market
Key highlights of the report:
- Market Performance (2016-2021)
- Market Outlook (2022-2027)
- Industry Trends
- Market Drivers and Success Factors
- The Impact of COVID-19 on the Global Market
- Value Chain Analysis
- Structure of the Global Market
- Comprehensive mapping of the competitive landscape
If you need specific information that is not currently within the scope of the report, we will provide it to you as a part of the customization.
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IMARC Group is a leading market research company that offers management strategy and market research worldwide. We partner with clients in all sectors and regions to identify their highest-value opportunities, address their most critical challenges, and transform their businesses.
IMARC’s information products include major market, scientific, economic and technological developments for business leaders in pharmaceutical, industrial, and high technology organizations. Market forecasts and industry analysis for biotechnology, advanced materials, pharmaceuticals, food and beverage, travel and tourism, nanotechnology and novel processing methods are at the top of the company’s expertise.
