The Global Polyester Staple Fiber Market is expected to grow at a value of more than $45.2 billion by 2030, with a growing CAGR of 6.21%.
Polyester Staple Fiber Market: Introduction
Polyester Staple Fiber (PSF) is produced using PTA and MEG directly, or potentially PET Chips as well as from Recycled PET Flakes. PSF delivered utilizing PTA and MEG or PET CHIPS is known as Virgin grade and PSF produced using Recycled PET FLAKES is called Recycled grade. Virgin PSF is generally costlier than reused PSF.
Polyethylene terephthalate (PET), when utilized as fibers and filaments, is known as polyester. Polyester fibers are used in various applications, for example, carpets, rugs, fiberfill and non-woven textures. They are additionally utilized in industrial applications, apparel and home. The method involved with assembling polyester fiber is fascinating. It is an artificial man-made fiber. Polyesters as virgin materials are generally factory-made out of oil from which the constituent acids and alcohols are derived.
Market overview
The market is essentially determined by the developing interest for polyester staple fiber in the textile industry and the rising reception of polyester staple fiber in car interiors, filtration, and home furnishing are serving the expansion of the worldwide market. Besides, growing inclination towards renewable and biodegradable synthetic fibres and developing interest for reused polyester staple fiber thus creating expansion avenues for the market over the estimate time period.
Globally, rising interest for apparel, expanding auto industry, growing government initiative, and expanding construction activities in different regions, are the key development drivers of the global polyester staple fiber market. Moreover, new opportunities will be created for the global polyester staple fiber market, inferable from the expanding prominence of bio-based polyester staple fibers, and increasing reception of polyester staple fibres for application in newer industrial verticals. However, fluctuating costs and supply of crude petroleum and complex production processes are the key limitations in this market progression.
The Covid-19 pandemic has restricted the functioning of the apparel and textile industry in different areas, attributable to the cross-country lockdown. As an outcome, of the COVID-19outbreak, supply chains, strategic tasks, and labourer accessibility have endured due to which the functioning of the apparel and textile industry has been tolerably delayed. And since polyester staple fibres are to a great extent utilized in the apparel and textile industry, the diminishing working of this end-use industry is straightforwardly restricting the polyester staple fiber market development during the Coronavirus outbreak.
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Economic growth
The Global Polyester Staple Fiber Market size was $27.39 billion in 2021, and is expected to grow at a value of more than $45.2 billion by 2028, with a growing CAGR (compound annual growth rate) of over.6.21%
Germany has an extraordinarily high product rate, of more than 40%, from its textile and clothing industry. Likewise, it has been assessed that technical textile utilized in different high-tech items produced an income of more than 30%.
Market segmentation: Analysis
• Virgin Polyester Staple Fiber
• Recycled Polyester Staple Fiber
• Blend of virgin and recycled polyester staple fiber
• Others
Segmentation Based on End-User Industry
• Apparel
o Casual
o Sports
o industrial
• Personal Care and Hygiene
• Automotive
o passenger cars
o light commercial vehicles (LCV)
o heavy commercial vehicles (HCV)
o others
• Home Furnishing
o Sofa
o Chairs
o Pillows
o Others
• Filtration
• Building & Construction
o Residential
o Commercial
o Industrial
o others
• Electrical & Electronics
o computer
o recording tapes
o others
Segmentation Based on Product
• Solid
o semi-dull optical white
o bright optical white
o black dope dyed
o colored dope white
o others
• Hollow
Segmentation based on Denier
• 0.6-7D
• 7.1-15D
Key player
- Bombay Dyeing
- China Petrochemical
- Indorama Ventures
- Reliance Industries
- TORAY INDUSTRIES
- Tongkun Group
- Zhejiang Hengyi Group
- Shenghong
- Xin Feng Ming Group
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