IMARC Group has recently released a new research study titled “Polyester Staple Fiber Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2023-2028”, offers a detailed analysis of the market drivers, segmentation, growth opportunities, trends and competitive landscape to understand the current and future market scenarios.
How big is the polyester staple fiber market?
The global polyester staple fiber market size reached US$ 22.8 Billion in 2022. Looking forward, IMARC Group expects the market to reach US$ 30.5 Billion by 2028, exhibiting a growth rate (CAGR) of 5.15% during 2023-2028.
What is polyester staple fiber?
Polyester Staple Fiber (PSF) is a type of synthetic fiber made from PET (Polyethylene Terephthalate), cut into a predetermined length. It’s characterized by its high strength, excellent resilience, good elasticity, and quick-drying capabilities. It can be hollow or solid, and siliconized or non-siliconized. The fiber is also resistant to most chemicals, wrinkles, and shrinkage. PSF finds application across various industries. Textile industry uses it for manufacturing fabrics for clothing, home furnishings, and bedding. It’s extensively used in the automotive industry for car interiors. Additionally, it’s found in construction for insulation, in filtration processes across industries, and in the hygiene product industry for items like diapers and wipes.
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Market Growth Drivers and Future Trends:
The increasing demand in the textile industry, driven by the rising global population and evolving fashion trends, is propelling the market growth. The growing home furnishing sector, where PSF is used for items like carpets and curtains, is also pushing the market forward. The automotive industry’s expansion is another driving factor, with PSF being used in car interiors for aesthetic and comfort reasons. Furthermore, the ongoing development of infrastructure in emerging economies is leading to increased PSF usage in construction, specifically in insulation. The rising demand for hygiene products, where PSF finds application, is also contributing to market growth.
The increasing trend towards recycling PET bottles into PSF is fostering market expansion, appealing to the environmentally conscious consumers and industries. In addition, the continuous advancements in fiber technology, leading to enhanced product features, are attracting more industries towards PSF. The cost-effectiveness of PSF compared to natural fibers is another key market driver.
Other factors such as expansion of e-commerce platforms, facilitating easy availability of PSF products, and the favourable government initiatives promoting synthetic fiber industries are further stimulating the market growth across the globe.
Key Players Covered:
- 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 market into the following categories:
Breakup by Origin:
Breakup by Product:
Breakup by Application:
Breakup by Region:
- North America
- Latin America
- Middle East and Africa
Key Highlights of the Report:
- Market Performance (2017-2022)
- Market Outlook (2023-2028)
- 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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