Press release
Staple Fibers Market is expected to reach a value of USD 36.44 billion at a CAGR of 3.8% during the forecast period, 2021–2026, Top Keyplayers - Barnet GmbH & Co. KG(Germany), Aditya Birla Group (India) etc.
Staple Fibers Market
Increasing Per capita consumption of cloths and growing fashion industry are likely to escalate the global demand for Staple Fibers. As staple fibre plays vital role in production of cloths and garments. For instance, according to the United Nations Economic Commission for Europe (UNECE), the global turnover of fashion industry was around US$ 179.74 billion and it produced 60 million tonnes of garments in 2018 and it is anticipated to reach at 100 million by 2030.
Rising per capita income and changing cloths preference positively impact on the textile industry which in turn propel the growth of staple fibre market during forecast period 2019 - 2016. For instance, according to the Indian Brand Equity Foundation, the domestic textile industry was valued at US$ 223 billion in 2017 and it is forecasted to reach at US$ 150 billion by 2021.
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The Major Manufacturers Covered in this Report:
Barnet GmbH & Co. KG(Germany), Aditya Birla Group (India), Sateri International Co. Ltd.(China), Zhejiang Hengsheng Chemical Fiber Co., Ltd. (China), China Petroleum & Chemical Corporation (China), Reliance Industries Limited (India), Celanese (United States), Hubei Botao Synthetic Fiber Co. (China), ltd. TEIJIN FRONTEIR Co. Ltd., Indorama Ventures Public Company Limited (Thailand), Toray Industries, Inc. (Japan), Zedtex Australia Pty Ltd. (Australia) and XINDA Corp (Germany).
Years that have been considered for the study of this report are as follows:
History Year: 2015-2019
Base Year: 2019
Estimated Year: 2020
Forecast Year: 2021 to 2026
Market Segmentation:
By Type
Cotton
Cellulosic
Polyester
Others
By Application
Home furnishing
Personal care & hygiene
Automotive
Construction
Apparel
Filtration
Others
By Structure
Solid
Hollow
Regional Segmentation:
North America (The US, Canada, and Mexico)
Europe (Germany, France, the UK, and Rest of the World)
Asia Pacific (China, Japan, India, and Rest of Asia Pacific)
Latin America (Brazil and Rest of Latin America.)
Middle East & Africa (Saudi Arabia, the UAE, South Africa, and Rest of Middle East & Africa)
Regional Insights
Geographically, the global staple fibers market is segmented into four regions: North America, Europe, Asia Pacific, and Latin America and the Middle East & Africa (LAMEA).
North America is projected to lead global staple fibers market during forecast period 2019- 2026 owing to the growing automotive industry in North America. Staple fibers are frequently used in production of automotive component such as seat, seat belts, airbag etc... For instance according to the American Automotive Policy Council, the contribution of automakers and their suppliers in America's GDP was 3% in 2018. Besides America exported more than US$ 692 billion valued vehicles and parts in 2018.
The analysis objectives of the report are:
To equitably share in-depth info regarding the crucial elements impacting the increase of industry (growth capacity, chances, drivers and industry specific challenge and risks).
To know the Staple Fibers Market by pinpointing its many sub segments.
To profile the important players and analyze their growth plans.
To endeavor the amount and value of the Staple Fibers Market sub-markets, depending on key regions (various vital states).
To analyze the Global Staple Fibers Market concerning growth trends, prospects and also their participation in the entire sector.
To examine and study the Global Staple Fibers Market size (volume and value) form the company, essential regions/countries, products and applications, background information and also predictions.
Primary worldwide Global Staple Fibers Market manufacturing companies, to specify, clarify and analyze the product sales amount, value and market share, market rivalry landscape, SWOT analysis and development plans for the next coming years.
To examine competitive progress such as expansions, arrangements, new product launches and acquisitions on the market.
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