Polyester Staple Fiber Market Future Outlook to 2022 - Toray Chemical Korea Inc., W. Barnet GmbH & Co. KG, Alpek, S.A.B. de C.V., Reliance Industries Limited, Diuou Fibre (M) Sdn Bhd., Huvis Corporation, Indorama Corporation, Xinda Corp. and China Nationa

Polyester Staple Fiber Market Overview:
The polyester can be completely recycled and can also be manufactured with recycled plastics. The PTA, MEG, PET chips and recycled PET flakes are among the main raw materials used for the production of polyester staple fibers (PSF). The polymer made from the aforementioned raw materials is spun by melting to cool rapidly. The bundle of filaments obtained by the technique of spinning by fusion is called cable, which is subjected to processes such as crimping and stretching, and then cut into fixed lengths. The staple fibers thus obtained are called discontinuous polyester fibers. PSFs can also be manufactured without using reserves of virgin oil. Large varieties of new polyester fabrics are derived from recycled plastics. For example, Repreve, which is a recycled certified fabric, is made of recycled plastic bottles. It is usually used in swimwear, as well as in sportswear. Producers, such as the Eco Intelligent Polyester, regularly recycle old polyester garments and plastic bottles to create new polyesters.

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Polyester Staple Fiber market was valued at USD 18962 million in 2017 and projected to touch USD 21692 million by 2022 growing at a CAGR of 6.64% during the forecast period 2017 to 2022.

Drivers and Restraints:
It is expected that the growing demand for sustainable textiles combined with the growth of the Asia-Pacific application industries will stimulate the market during the forecast period. Polyester fiber is one of the consistent components of the growing global textile industry. It is an extremely versatile synthetic fiber that has unique properties that complement its application in many areas, including fiber fill, automotive, textiles, filtration and furniture. It is expected that the demand for products will increase in the near future due to its quality, leading to growth in the sector. The growing demand for recycled polyester fiber is one of the main drivers of growth in the global market. Consumers increasingly opt for sustainable textiles made from recycled materials. Increasing awareness of environmental protection is an important factor that drives the demand for sustainable textiles. The availability of durable clothing in a wide range of elegant designs, bright colors and attractive prints complements the demand of the product.

Geographical segmentation:
The Asia-Pacific was the largest regional market in 2016. Emerging economies in the region, including India, China, South Korea and Taiwan, experienced strong economic growth. The increase of the population and the improvement of the standard of living have stimulated the demand of products in the region. The increase in exports from Asian countries and the growing demand for products in the applications industries contribute to the demand for PSF in Europe. It is also expected that the abundant availability of raw materials, such as flakes from PET bottles, will boost the demand for products during the forecast period.

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Key Players of Polyester Staple Fiber Market:
Key market participants of Polyester Staple Fiber Market include Toray Chemical Korea, Inc., W. Barnet GmbH & Co. KG, Alpek, S.A.B. de C.V., Reliance Industries Limited, Diuou Fibre (M) Sdn Bhd., Huvis Corporation, Indorama Corporation, Xinda Corp., China National Petroleum Corporation, Bombay Dyeing, PetroVietnam Petrochemical, and Textile Fiber Joint Stock Company.

Key Takeaways from this Report:
• For different product types, end use applications and industry verticals, offers calculated growth rates (CAGR %), Volume (Units), and Value ($M) in each region to estimate the market potential.
• Identify various driving factors, constrains and untold opportunities that can impact the global marketplace
• Know the position of your competitor based on the market shares, financial performance, strategical approaches, SWOT, product benchmarking and so on.
• Increase overall revenue by understanding the geographical impact on sales and distribution channels.
• Evaluate the increase in values at each step of industry supply chain to improve process efficacy and optimize the value.
• Understand the market dynamics of leading players like deals, partnerships, new products, mergers and acquisitions in the last four years.
• Estimate the gaps in supply-demand, statics involved in import-export, and regulatory framework of the worldwide market in over 20 top nations.

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