Growing demand for the polyester staple fiber from the textile is one of the significant factors influencing the market growth.
The global polyester staple fiber market is expected to reach USD 43.39 Billion by 2028, according to a new report by Reports and Data. The growth of the market is attributed to the growing use of polyester staple fibers amongst end-use application.
The surging demand for environment-friendly products is persuading several companies to implement sustainable practices to ascertain the well-being of users, along with the environment. This has renewable synthetic in a growing inclination switch from petroleum-based non-biodegradable synthetic fibers, including polyester to biodegradable and fibers produced from natural resources. This is expected to boost the demand for polyester staple fibers in the upcoming years.
The increasing use in the textile industry is likely to drive the growth of the market in the upcoming years. The fabrics made from polyester staple fiber possess good elasticity, shape retention, wrinkle, exceptional wash wear resistance performance, washability, and longevity, among others, and as a result, finds extensive application in various types of apparel fabrics. It is used to make fashionable dresses, weather-resistant clothing, and is a preferred material for children's wear. Polyester staple fiber is frequently blended with other fibers such as cotton, to get the combined benefits of both materials. It provides better tear-resistant as compared to cotton or other materials used in making clothing items.
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The report puts an emphasis on the information regarding the key players with a special focus on their company profile, business overview, recent advancements, product catalog, and strategic business plans. It provides a comprehensive overview of the strategic alliances in the market under taken by the key players such as mergers and acquisitions, joint ventures, collaborations, partnerships, agreements, product launch, brand promotions, and corporate deals, among others.
Key companies operating in the market and profiled in the report include:
Alpek SAB de CV, Toray Chemical Korea, Reliance Industries Ltd., Huvis Corporation, Xinda Corporation, Indorama Corporation, China Petroleum, Bombay Dyeing, Petrovietnam Petrochemical and Textile Fiber Joint Stock Company, and W. Barnet GmbH Co. KG, among others.
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The Polyester Staple Fiber market takes into account major geographical locations such as North America, Europe, Asia Pacific, Latin America, and Middle East Africa to offer key insights into market growth, market size, market share, revenue growth, current and emerging trends , supply and demand ratio, import/export, consumer demand and behavior, and presence of key players in each region. The report offers an in-depth country wise analysis to impart better understanding of the market and its growth prospects.
Segments Covered in the report
Raw Material Outlook (Volume, Kilo Tons; 2020-2028 and Revenue, USD Million; 2020-2028)
- Polyethylene Terephthalate (PET)
- Poly-1, 4-Cyclohexylene Dimethylene (PCDT)
- Others
Product Type Outlook (Volume, Kilo Tons; 2020-2028 and Revenue, USD Million; 2020-2028)
- Solid
- Hollow
Application Outlook (Volume, Kilo Tons; 2020-2028 and Revenue, USD Million; 2020-2028)
- Apparel
- Home Furnishing
- Automotive
- Filtration
- Others
Key Regions Analyzed in the Report includes:
- North America
- US
- Canada
- Mexico
- Europe
- Germany
- UK
- Italy
- France
- BENELUX
- Rest of Europe
- Asia Pacific
- China
- India
- Japan
- South Korea
- Rest of APAC
- Latin America
- Brazil
- Rest of LATAM
- Middle East Africa
- Saudi Arabia
- UAE
- South Africa
- Rest of MEA
Furthermore, it consists of information about individual segment of the Polyester Staple Fiber market based on the types and application. The report also offers insights about the key segments expected to register significant revenue growth over the forecast period and primary trends influencing their growth. It also offers CAGR and market share values for each segment to provide clear understanding of demand and trend in the global market.
Further key findings from the report suggest
- By grade, polyethylene terephthalate (PET) held a larger market share in 2018 and is likely to grow at a rate of 8.2% in the forecast period. The market dominance of this grade is owing to the offering of high strength and lightweight properties.
- By product type, solid polyester staple fiber contributed to a larger market share in 2020. It has a significant visual appeal, which finds usage in apparel, home furnishings, nonwoven fabrics, and other products. Also, it possesses exceptional tensile strength, high durability, and good finishing.
- By application, home furnishing held the second-largest market share in 2020 and is expected to grow at a rate of 7.2% in the forecast period. Polyester staple fibers are used home furnishings, which include upholstery, curtains, carpets, and sheets. Polyester fiberfill is frequently used in furniture and pillows as stuffing.
- The market in the Asia Pacific region contributes to the largest market share in 2020 and is likely to grow at a rate of 8.1% in the forecast period. The market dominance of the APAC region outstanding owes to the growth of the textile and automotive industries in the region.
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