Polyester Staple Fiber Market Overview and Regional Outlook Study 2016 – 2030

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The Global 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 fibres come in a wide variety of compositions and can be either natural, cellulosic, or synthetic, with varying lengths. They are produced either from unprocessed cotton, raw wool, hemp, or flax, the two of which are most frequently utilised as raw materials. However, other raw materials including angora, alpaca, flax, and mohair are also frequently used to make staple fibres. Utilizing a specific type of fibre or other natural fibre combinations, filament fibres are spun into comparatively shorter lengths. Numerous industries, including clothing, the automobile industry, building, home furnishings, filtration, and personal care and hygiene, use staple fibres.

One of the consistent components of the expanding textile market on a global scale is polyester staple fibre. It is a very adaptable man-made fibre with special qualities that increase its demand in a variety of industries, such as fibre filling, automotive, textiles, filtration, and home furnishings. Due to the advantages of the product, demand is anticipated to rise in the near future, propelling industry expansion.

Increasing Demand from Textile Segment:

Polyester Staple Fiber (PSF) is a synthetic man-made fiber made directly from purified Tere-phthalic acid (PTA) mono ethylene glycol (MEG) or Polyethene Terephthalate (PET) /Polyester waste or from recycled post consumed PET bottle flakes.

The growing adoption of polyester staple fiber in making active-wear, sportswear and intimate wear is triggering the demand for polyester staple fiber in the apparel segment and thus, setting the market in motion.

Also an increase in the usage of polyester staple fiber as a replacement for cotton for its properties such as cheaper, available in different designs and colors, thinner and light in weight is boosting the polyester staple fiber market.

There are several hi-tech varieties of polyester staple fiber available which have antimicrobial properties and offer advanced protection against bad odor and infections.

Surging adoption of Sustainable Products

The increase in demand for recycled products may witness an augment in the growth of the Global Polyester Staple Fiber Market during the forecast period.

Most of the consumers in the recent times are gradually swapping towards sustainable textiles that are manufactured from recycled materials. This has happened only because of the increased awareness amongst the consumers about the environmental protection and benefits of using sustainable textiles.

The convenience and availability of sustainable clothing that are offered in variety of bright colors, attractive prints and stylish designs is also expected to support the growth of the market globally.

Impact of COVID-19 on the Polyester Market-

 

The pandemic outbreak of COVID-19 affected the industry on a large scale. Automotive production has been halted, contributing to major losses in the automotive industry. According to the European Association of Automobile Manufacturers, demand for new commercial vehicles across the EU remained low throughout the pandemic.

There has been a decline in the automotive production, so the demand for polyester staple fiber has fallen, which has a major impact on the polyester staple fiber market.

Segmentation of the Global Polyester Staple Fiber Market:

Segmentation based on Origin

  • Virgin Polyester Staple Fiber
  • Recycled Polyester Staple Fiber
  • Blend of virgin and recycled polyester staple fiber
  • Others

The virgin polyester staple fiber segment is anticipated to showcase lucrative growth trends over the forecast duration, owing to escalating demand for cost effective synthetic fibers in emerging economies and increase in disposable income of the masses.

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Top Key Players:-

  • Toray Industries
  • Alpek
  • 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
  • MG Chemicals

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Frequently Asked Questions (FAQ):

  1. How has the global polyester staple fiber market performed so far and how will it perform in the coming years?
  2. What has been the impact of COVID-19 on the global polyester staple fiber market?
  3. What are the key regional markets?
  4. What is the breakup of the market based on the origin?
  5. What is the breakup of the market based on the product?
  6. What is the breakup of the market based on the application?
  7. What are the various stages in the value chain of the industry?
  8. What are the key driving factors and challenges in the industry?
  9. What is the structure of the global polyester staple fiber market and who are the key players?
  10. What is the degree of competition in the industry?

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