Polyester Staple Fiber Market was estimated to be at USD 27.39 Billion in the year 2021, ready to exhibit a Compound Annual Growth Rate (CAGR) of 27.39%.
Staple made of polyester Fiber is a lightweight material that is wrinkle-free and resistant to light and weather. It also has the ability to tolerate harsh weather conditions. It is employed as a vital component in a variety of end-use industries, such as garments, home furnishings, automation, and construction, all of which are likely to fuel market expansion throughout the projection period.
Increased demand for the product, while bearing in mind its long-term effectiveness, high elastic resilience, PSF’s eco-friendly nature, and tenacity, can also help to drive market expansion.
Solid PSF is the most popular product, and it is expected to increase at a healthy rate over the projected period.
Another reason for PSF’s success is that it is improving overall quality at a lesser cost than its competitors.
Increasing product use in Asia Pacific is likely to enhance demand over the forecast period, owing to the region’s growing textile manufacturing industry.
Polyester Staple Fiber (PSF) is made from PET chips, MEG, PTA, or recycled PET and has the same properties as polyester fibre.
The demand for luxury furniture is being influenced positively by significant growth in the real estate sector. This is one of the key driving forces for the market’s expansion. PSF is also used in concrete to fill cracks and improve the overall quality of walls, tanks, tiles, blocks, and maintenance hole covers, which is supported by the expanding construction sector. Aside from that, rising disposable incomes and the growing desire for sustainable and quick fashion are encouraging the textile sector to use PSF. PSF is also used in the production of speaker felts, geotextiles, and wadding, as well as as a sound-absorbing filler. It’s also used to make high-quality and cost-effective automobile fabrics for roofs, airbags, trunk liners, carpet backing, glove boxes, and door panels.
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Global Polyester Staple Fiber Market- Segment Analysis
- Toray Industri
- A.B. de C.V
- Barnet GmbH & Co. KG
- Bombay Dyeing
- Indorama Ventures Public Company Limited
- Xinda Corp.
- China National Petroleum Corporation
- Diyou Fibre (M) Sdn Bhd.
- Huvis Corporation
- Petrovietnam Petrochemical
- Textile Fiber Joint Stock Company
- JB Ecotex
- Shubhalakshmi Polyesters Ltd.
- Arora Fibres Ltd.
- Techfab India Industries Ltd.
- Meadowbrook Inventions, Inc.
- Komar Alliance
- Zippercord LLC.
- Phillystran, Inc.
- Engineered Fibers Technology
- Garvin Industrial Products
- Fiber Innovation Technology, Inc.
- MYI® MINING FIBER YARN TEXTILE PRODUCTION INDUSTRY & TRADE
- M&G Chemicals
Segmentation based on Origin-
- Virgin Polyester Staple Fiber
- Recycled Polyester Staple Fiber
- Blend of virgin and recycled polyester staple fiber
Segmentation Based on End- User Industry
- Personal Care and Hygiene
o passenger cars
o light commercial vehicles (LCV)
o heavy commercial vehicles (HCV)
- Home Furnishing
- Building & Construction
- Electrical & Electronics
o recording tapes
Segmentation Based on Product
o semi-dull optical white
o bright optical white
o black dope dyed
o colored dope white
Segmentation based on Denier
Segmentation Based on Geography
- North America
- South America
- Asia Pacific
Table of Contents
- Introduction and Market Overview
- Executive Summary
- Trends, Outlook, and Factors Analysis
- Estimates & Historic Trend Analysis (2018 to 2021)
- Estimates & Forecast Trend Analysis, by Deployment
- Estimates & Forecast Trend Analysis, by Component
- Estimates & Forecast Trend Analysis, by Content Type
- Estimates & Forecast Trend Analysis, by End Use
- Analysis and Forecast, by Region
- North America Polyester Staple Fiber Market: Estimates & Forecast Trend Analysis
- Europe Polyester Staple Fiber Market: Estimates & Forecast Trend Analysis
- Asia Pacific Polyester Staple Fiber Market: Estimates & Forecast Trend Analysis
- Middle East & Africa Polyester Staple Fiber Market: Estimates & Forecast Trend Analysis
- Latin America Polyester Staple Fiber Market: Estimates & Forecast Trend Analysis
- Competitive Landscape
- Company Profiles
- Assumptions and Research Methodology
- Conclusions and Recommendations
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Key Questions Answered in this Report:
- How has this market performed so far and how will it perform in the coming years?
- What has been the impact of COVID-19 on this market?
- What are the key regional markets?
- What is the breakup of the market based on the origin?
- What is the breakup of the market based on the product?
- What is the breakup of the market based on the application?
- What are the various stages in the value chain of the industry?
- What are the key driving factors and challenges in the industry?
- What is the structure of this market and who are the key players?
- What is the degree of competition in the industry?
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