Attractive Market Opportunities in Staple Fibers Market Estimated to Grow at a Significant Rate by 2023 | Nirmal Fibers Ltd., Unitec Fibers, Legs SP. Zo. and more

Global Staple Fibers Market was valued at $161,591 million in 2016, and is expected to reach $206,919 million by 2023, registering a CAGR of 3.6% from 2017 to 2023. Staple fibers are natural, cellulosic, or synthetic fibers with variable lengths, and are available in a broad range of compositions. They are manufactured either from raw cotton, wool, hemp, or flax, among which cotton and wool are the most commonly used raw materials.

However, staple fibers are being widely manufactured from other raw materials such as angora, alpaca, flax, and mohair. Filament fibers are used for spinning into relatively shorter lengths using a particular type of fiber or in diverse combinations of natural fibers. Staple fibers have several applications such as apparel, automotive, construction, home furnishing, filtration and personal care & hygiene among others.

Key market players have invested in R&D activities to develop advanced products to cater to the growing requirements of the consumers. The players operating in the industry include Tongkun Group Zhejiang Hengsheng Chemical Fiber Co., Ltd., Indorama Ventures Public Company Limited, Alpek S.A.B. de C.V., Toray Industries, Inc., China Petroleum & Chemical Corporation, Reliance Industries Limited, W. Barnet GmbH & Co. KG, Aditya Birla Group, Zhejiang Fulida, and Swan Fiber Company.

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The other players in the value chain (profiles not included in the report) include Nirmal Fibers Ltd., Unitec Fibers, Legs SP. Zo. O, Shanghai Polytex Co. Ltd., Eijin Fronteir Co. Ltd., Xinda Corp, Hubei Botao Synthetic Fiber Co., Ltd., Advansa, Sateri International Co. Ltd., Lenzing AG, US Fibers, Celanese AG, Zedtex Australia Pty Ltd. and Märkische Faser GmbH

The global staple fibers market is segmented based on type, application and geography. On the basis of type, the market is categorized into cotton, cellulosic, polyester and others. On the basis of application, the global staple fibers market is segmented into apparel, automotive, construction, home furnishing, filtration, personal care & hygiene and others. Geographically, the market is analyzed across North America, Europe, Asia-Pacific, and LAMEA.

Top Investment Pockets, by Type

The polyester segment offers maximum market potential in the global staple fibers market, due to rise in per capita disposable incomes and increase in demand for cost effective synthetic fibers especially in the developing countries of Russia, China, India, Indonesia, and others.

In addition, shift in consumer demand and increase in prices of natural staple fibers such as cotton and wool are some other major aspects fueling the demand for polyester fibers in the global staple fibers market. Moreover, owing to technological advances in production methods and excellent chemical, physical and mechanical characteristics, polyester fibers are not only well recognized for their use in general textile, but also play a major role in key end user industries such as aerospace and automotive among others.

The polyester segment is expected to register a CAGR of 4.1% during the forecast period. However, strict government norms on the usage of harmful polyester staple fibers especially for textile applications and fluctuation in raw material prices are some key factors anticipated to hamper the market growth in the near future. Furthermore, investments in R&D activities to produce innovative and less hazardous polyester staple fibers are expected to provide opportunities for growth in the future.

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Key Benefits:

• The report provides extensive qualitative & quantitative analyses of the current trends and future estimations of the global staple fibers market from 2016 to 2023 to determine the prevailing opportunities.
• It offers comprehensive analysis of key regions, such as North America, Europe, Asia-Pacific, and LAMEA, to understand the regional trends.
• In-depth analysis of factors that drive and restrict the growth of the market is provided.
• Extensive analysis is conducted by following key product positioning and monitoring the top competitors within the market framework.
• It offers key insights on strategic analysis of various companies and the value chain analysis of staple fibers.

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