Research Offers 10-Year Forecast on Staple Fibers Market
Staple fibers Market: Drivers and Restraints
Staple fibers are typically used in the wide range of applications such as clothing construction, needle crafting, rug-making and weaving industries. The yarns of the long staple fibers are ideal for manufacturing heavy-use objects such as blankets, coats, rugs and wrap threads. Just like the growing demand for other housing related products there is an increase in the demand for carpets. Thus, the expanding carpet market is anticipated to boost the demand for the staple fibers during future. In addition, the staple fibers are also used in the manufacturing of blankets. Thus, owing to the decreasing temperature there is rise in the demand for the winter clothing in across the colder regions which has boosted the growth of the industry which is expected to drive the overall staple fibers market during the forecast period. Third major use of short staple fibers are to produce more delicate yarns for manufacturing of light-weighted garments. Owing to the development of wide range of applications of the staple fibers from the carpet to the non-woven has boosted the overall growth in the demand for the staple fibers market.
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Staple fibers Market: Segmentation
Global staple fibers market is anticipated to grow at a CAGR of 6% to 7% from 2016 to 2025 owing to various macroeconomic and demographic factors. The global staple fibers can be segmented on the basis of product type and region. Global staple fibers market on the basis of product type is segmented into two categories namely; woven and non-woven. Non-woven segmented dominated the market in 2015 when compared to woven type and anticipated to remain pre-dominant over the forecast period.
Staple fibers Market: Region-wise Outlook
The global staple fibers market is geographically segmented into seven key regions namely; North America, Latin America, Western Europe, Eastern Europe, Asia Pacific (Excluding Japan), Japan and Middle East & Africa. In terms of consumption, Asia-Pacific region dominated the global staple fibers market in 2014 followed by North America and Europe respectively. In terms of production, China is the largest producer and consumer and projected to grow at higher CAGR when compared to other countries in any of the region. Also, India is anticipated to fuel the demand for staple fibers owing to increasing manufacturing activities and improving economic conditions. In North America U.S. is the largest segment when compared to Canada, an in Latin America Brazil and Mexico is anticipated to grow at significant rate.
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Staple fibers Market: Key Players
Key players are investing hugely in the research and development in order to introduce innovative products in the market. Some of the major players in global staple fibers market is Sateri International Co. Ltd., TEIJIN FRONTEIR Co. Ltd., XINDA Corp, Hubei Botao Synthetic Fiber Co., ltd. and ADVANSA among others.
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