Polyester Staple Fiber Market Size & Analysis – Forecasts To 2025

REPORT DESCRIPTION: POLYESTER STAPLE FIBER MARKET

Polyester Staple Fiber Market Insights

The global polyester staple fiber market is anticipated to witness a CAGR of more than 5% over the forecast period. This growth is attributed to increasing demand for man-made fiber in textile industry coupled with rising revenues of automobile sector and increasing construction activities.

Increasing demand for sustainable textiles along with wide application in industries particularly in Asia Pacific is projected to stimulate the market growth over the coming years. Increased environmental awareness is anticipated to be one of the key factors boosting the demand for sustainable textiles. The easy availability of sustainable textile in an extensive range of designs, colors and attractive prints is further projected to supplement the product demand over the coming years.

Polyester Staple Fiber Market: Product Insights

The global polyester staple fiber market is classified into solid and hollow, based on product type. Solid polyester staple fiber accounted for the largest market share in 2016. Rapid growth in textile manufacturing industry, specifically in the developing nations of Asia Pacific, is projected to foster the market demand over the coming years.

Hollow polyester held the second-largest market share in 2016 and is further predicted to grow at a significant growth rate over the coming years. This growth is influenced a wide range of applications of these polyesters in construction industry.

Thus, the increased consumption of fiber is supplemented by the development of the global construction industry. Increasing construction expenditure owing to rapid urbanization, rising population, and increasing government investments is predicted to contribute to the overall market growth over the coming years.

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Polyester Staple Fiber Market: Origin Insights

Based on origin, the global polyester staple fiber market is segmented into Blended, Virgin, and Recycled. Recycled polyester staple fiber is projected to experience the fastest growth over the coming years. These polyesters are mostly used for fiber filling in toys and pillows.

Virgin fiber registered the largest market share in the overall polyester staple fiber market in 2016. These fibers also find its application in home furnishing and apparel segments due to its premium quality.

Polyester Staple Fiber Market: Application Insights

The global polyester staple fiber market is classified into Automotive, Home Furnishing, Apparel, and Filtration, based on application.The apparel segment recorded the maximum demand for these fibers in 2016. This segment is further likely to register a CAGR of more than 5% over the coming years. Automotive and home furnishing segments are also anticipated to grow at a significant rate due to their cost effectiveness and durability.

Polyester Staple Fiber Market: Regional Insights

Asia Pacific dominated the global polyester staple fiber market in 2016. This growth is primarily driven by growing urbanization coupled with increasing residential & commercial activities, and increasing disposable income of consumers. Europe and North America markets are predicted to grow at a sluggish rate over the coming years. Latin America has emerged to be one of the key regions in the polyester staple fibre market and is further projected to account for a significant market share by 2025.

Polyester Staple Fiber Market: End-Use Landscape

The end-use landscape includes a list of current and prospective consumers prevailing across the regions. This section provides company addresses, contact details, products, and regional presence of companies who are purchasing or are likely to purchase products from the global polyester staple fiber market. The major consumers of the product are General Motors and Volkswagen Group amongst others

Polyester Staple Fiber Market: Competitive Landscape

Some of the major players profiled in the global polyester staple fiber market include Alpek S.A.B. de C.V., Indorama Ventures Public Company Limited, Toray Industries Inc., China Petroleum & Chemical Corporation, Reliance Industries Limited, and W. Barnet GmbH & Co. KG.

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This release was published on openPR.