Polyester Staple Fiber Market Demand to Reach US$34.546 bn by 2025
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According to a TMR analyst, “The global market for polyester staple fiber is anticipated to exhibit a 4.1% CAGR between 2017 and 2025. In 2016, the market was worth US$23.167 bn and is likely to touch US$34.546 bn by the end of 2025.” Based on end user, the market is anticipated to be led by the segment of apparel with the leading shares in 2016. The segment is anticipated to have used 3365 kilo tons of polyester staple fiber in 2016. Region-wise, the market has been projected to be dominated by Asia Pacific owing to the rapidly growing economies of India and China. The proliferating expenditure capacity of people and robust industrialization are also anticipated to have a positive impact on the progress of the market in the region over the years ahead.
Rushing Demand for Man-made Fiber Prompts Growth
At the cutting edge of driving development in the worldwide polyester staple fiber market is the expanding interest for man-made fiber in the material business. This is on the grounds that polyester staple fiber is a key segment of man-made fiber.
Another factor heightening the market is the ascent in the offers of vehicles since polyester staple fiber finds across the board application in auto textures. The unstable development in development industry, especially in the creating nations of the world, is additionally supporting the market as polyester staple fiber are broadly utilized as a part of development attributable to their capacity to give temperature dependability and encourage change in elastic and shear properties of black-top cement.
Managed Cotton Prices Deal a Shock to Demand for Polyester Staple Fiber
Stumbling the development of the worldwide polyester staple fiber market, then again, is the directed cotton costs in rising economies of the world. This makes cotton less expensive than polyester staple fiber. Advance numerous nations on the planet have against dumping obligations on cleaned terephthalic corrosive (PTA), which have brought about expanded costs of PTA. This will probably negatively affect the cost of polyester staple fiber.
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This review of the market is based on a recent report by Transparency Market Research, titled, “Polyester Staple Fiber Market (Type – Solid (Semi-dull Optical White, Bright Optical White, Black Dope Dyed, Colored Dope White, Others Semi-dull, and Others Bright) and Hollow; Origin – Virgin, Recycled, and Blend of Virgin and Recycled; End User – Apparel, Automotive, Home Furnishing, Filtration, Construction, and Personal Care and Hygiene) – Global Industry Analysis, Size, Share, Growth, Trends, and Forecast 2017 – 2025.”
Transparency Market Research (TMR) is a market intelligence company, providing global business information reports and services. Our exclusive blend of quantitative forecasting and trends analysis provides forward-looking insight for thousands of decision makers. TMR’s experienced team of Analysts, Researchers, and Consultants, use proprietary data sources and various tools and techniques to gather and analyze information.
Our data repository is continuously updated and revised by a team of research experts, so that it always reflects the latest trends and information. With a broad research and analysis capability, Transparency Market Research employs rigorous primary and secondary research techniques in developing distinctive data sets and research material for business reports.
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