Polyester Staple Fiber Market Share & Growth | Forecast 2031
Polyester Staple Fiber Market Share & Growth | Forecast 2031
Segments - Polyester Staple Fiber Market by Products (Hollow and Solid), Origins (Virgin, Blended, and Recycled), Applications (Textile, Home Furnishing, Automotive, Construction, Filtration, and Others), and Regions (Asia Pacific, North America, Latin America, Europe, and Middle East & Africa) - Global Industry Analysis, Growth, Share, Size, Trends, and Forecast 2022 – 2030
Upcoming
| Report ID :MC-4498
| 4.4 Rating
| 82 Reviews
| 190 Pages
| Format :
Report Description
The global polyester staple fiber market size was valued at USD 21.8 billion in 2021 and is expected to surpass USD 32.4 billion by 2030, expanding at a CAGR of 4.5% during the forecast period, 2022–2030. The growth of the market is attributed to the increasing use of recycled PSF items and the rapid expansion of the textile apparel industry worldwide.
Polyester staple fiber (PSF) is a synthetic material obtained through the process of polymerization of mono ethylene glycol (MEG) or recycled polyethylene terephthalate (PET) and purified terephthalic acid (PTA). PSF is one of the most commonly used materials in spinning and nonwoven weaving, which has a wide range of applications in various textile apparel and home furnishing. Since PSF is a light-weighted and thin material, which is available in different colors and designs; the fiber is vastly used in furnishing items including sofas, cushions, mattresses, and pillows. In the textile industry, this fiber is extensively used in a range of clothes such as sports apparel, jackets, and underwear as it offers softness, textures, and comforts to the users. It is also used in the production of light automotive vehicles as it provides a lightweight composition of vehicle parts such as airbags, safety belts, glove boxes, door panels, sound insulation, and roofs. Moreover, the fiber has the ability to withhold extreme weather conditions such as thermal and water resistance, PSF represents a major material to fill up cracks on tiles, tanks, and walls. The increasing use of PSF in construction activities offers a key aspect of market expansion.
The COVID-19 pandemic had shattered the global textile and automotive industries due to sudden disruption in the supply chain that affected the timely delivery of raw materials and logistic processes. The prolonged shutdown of the manufacturing units across industries and lack of labor, impacted by emergency lockdowns and movement restrictions of government policies across the globe had caused havoc in the demand for PSF products.
Market Trends, Drivers, Restraints, and Opportunities
- Rising demand for low-cost sustainable fibers from the textile industry and wide availability of PSF in the global market are key factors propelling the market.
- Increasing demand for sports apparel, fashionable clothes, and luxury furniture due to changing lifestyles of consumers are anticipated to fuel the market in the coming years.
- Massive use of thermal and water resistance items in the automotive industry and rapid use of PSF in filtration applications present another key driver of the market.
- Requirement of high capital funding for R&D programs and high price fluctuation of raw materials act as major hurdles that can hamper the market during the forecast period.
- Rapid use of recycled items across several manufacturing units and increasing awareness regarding the environmental benefits of recycled products among consumers is expected to create several growth opportunities for the market in the coming years.
Scope of the Report
The report on the global polyester staple fiber market includes an assessment of the market, trends, segments, and regional markets. Overview and dynamics have also been included in the report.
|
Attributes |
Details |
|
Report Title |
Polyester Staple Fiber Market - Global Industry Analysis, Growth, Share, Size, Trends, and Forecast |
|
Base Year |
2021 |
|
Historic Data |
2019–2020 |
|
Forecast Period |
2022–2030 |
|
Segmentation |
Products (Hollow and Solid), Origins (Virgin, Blended, and Recycled), and Applications (Textile, Home Furnishing, Automotive, Construction, Filtration, and Others) |
|
Regional Scope |
Asia Pacific, North America, Latin America, Europe, and Middle East & Africa |
|
Report Coverage |
Company Share, Market Analysis and Size, Competitive Landscape, Growth Factors, and Trends, and Revenue Forecast |
|
Key Players Covered in the Report |
Alpek S.A.B. de C.V.; Reliance Industries Limited; TORAY INDUSTRIES, INC.; Bombay Dyeing; Far Eastern New Century Corp.; Huvis Corporation; W. Barnet GmbH & Co. KG.; XINDA Corp.; China Petroleum Corp.; Indorama Corporation; Diyou Fibre (M) Sdn. Bhd.; and Shubhalakshmi Polyester Ltd. |
Market Segment Insights
Hollow segment to expand at a robust growth rate
Based on products, the global polyester staple fiber market is bifurcated into hollow and solid. The hollow segment is expected to expand at a robust growth rate during the forecast period due to increasing demand for soft and light materials for manufacturing various clothing items. The hollow PSF product is extensively used in the production of thin wear items including innerwear thermal, sportswear, and winter casual wear as it provides softness and warmth in clothing. Moreover, it is vastly used as a key ingredient in socks and gloves as it offers lightweight and thermal resistance in these clothing items.
Rising awareness regarding the benefits of recycled PSF drives the recycled segment
In terms of origins, the market is segmented into virgin, blended, and recycled. The recycled segment is a fast-growing market domain and is anticipated to hold a major market share in the coming years owing to the rising awareness regarding the benefits of recycled PSF and rising corporate organizations’ responsibility for the global sustainable environment. Moreover, favorable government policies across countries encouraging the use of recycled items for the manufacturing of consumer products, especially in developed countries further push the segment growth.
Increasing demand for PSF boosts the textile segment
On the basis of applications, the global polyester staple fiber market is segregated into textile, home furnishing, automotive, construction, filtration, and others. The textile segment dominated the market in 2021 and is projected to register a CAGR of 6.3% during the forecast period due to the increasing demand for PSF from the textile industry. PSF is widely used as a key material in the manufacturing of a range of apparel such as activewear, sportswear, and intimate wear as it is abundantly available and lower price as compared to other materials even cotton. On the other hand, the home furnishing segment is projected to account for a large market share in the coming years owing to the extensive use of PSF in various household items.
Asia Pacific to dominate the market
In terms of regions, the market is classified as Asia Pacific, North America, Latin America, Europe, and Middle East & Africa. Asia Pacific held a dominant market share in 2021 and the trend is expected to continue during the projected period owing to the well-establishment of textile industry and high consumer spending on clothing due to increasing disposable income from a large pool of the population in the region. Two major economies in the region, China and India accounted for over 40% of the global production of clothing and textile products. Moreover, the rapid expansion of the automotive industry in the region and the increasing demand for home furnishing items have further boosted the regional market.
Segments
The global polyester staple fiber market has been segmented on the basis of
Products
- Hollow
- Solid
Origins
- Virgin
- Blended
- Recycled
Applications
- Textile
- Home Furnishing
- Automotive
- Construction
- Filtration
- Others
Regions
- Asia Pacific
- North America
- Latin America
- Europe
- Middle East & Africa
Key Players
- Alpek S.A.B. de C.V.
- Reliance Industries Limited
- TORAY INDUSTRIES, INC.
- Bombay Dyeing
- Far Eastern New Century Corp.
- Huvis Corporation
- W. Barnet GmbH & Co. KG.
- XINDA Corp.
- China Petroleum Corp.
- Indorama Corporation
- Diyou Fibre (M) Sdn. Bhd.
- Shubhalakshmi Polyester Ltd.
Competitive Landscape
Key players competing in the global polyester staple fiber market are Alpek S.A.B. de C.V.; Reliance Industries Limited; TORAY INDUSTRIES, INC.; Bombay Dyeing; Far Eastern New Century Corp.; Huvis Corporation; W. Barnet GmbH & Co. KG.; XINDA Corp.; China Petroleum Corp.; Indorama Corporation; Diyou Fibre (M) Sdn. Bhd.; and Shubhalakshmi Polyester Ltd. Some of these players have adopted a series of business development strategies including merger and acquisition, entering into partnerships and collaboration, product launches, and production capacity expansion to expand their consumer base and enhance their market share.
Frequently Asked Questions
The global polyester staple fiber market size was valued at USD 21.8 billion in 2021 and is expected to surpass USD 32.4 billion by 2030.
The textile segment dominated the market in 2021 and is projected to register a CAGR of 6.3% during the forecast period.
The key drivers of the market include the increasing use of recycled PSF items and rapid expansion of the textile apparel industry worldwide.
Asia Pacific held a dominant market share in 2021 and the trend is expected to continue during the projected period.
The key players of the market are Alpek S.A.B. de C.V.; Reliance Industries Limited; TORAY INDUSTRIES, INC.; Bombay Dyeing; Far Eastern New Century Corp.; Huvis Corporation; W. Barnet GmbH & Co. KG.; XINDA Corp.; China Petroleum Corp.; Indorama Corporation; Diyou Fibre (M) Sdn. Bhd.; and Shubhalakshmi Polyester Ltd.
Table Of Content
1. Executive Summary2. Assumptions and Acronyms Used
3. Research Methodology
4. Polyester Staple Fiber Market Overview
4.1. Introduction
4.1.1. Market Taxonomy
4.1.2. Market Definition
4.2. Macro-Economic Factors
4.2.1. Industry Outlook
4.3. Polyester Staple Fiber Market Dynamics
4.3.1. Market Drivers
4.3.2. Market Restraints
4.3.3. Opportunity
4.3.4. Market Trends
4.4. Polyester Staple Fiber Market - Supply Chain
4.5. Global Polyester Staple Fiber Market Forecast
4.5.1. Polyester Staple Fiber Market Size (US$ Mn) and Y-o-Y Growth
4.5.2. Polyester Staple Fiber Market Size (000’ Units) and Y-o-Y Growth
4.5.3. Polyester Staple Fiber Market Absolute $ Opportunity
5. Global Polyester Staple Fiber Market Analysis and Forecast by Applications
5.1. Market Trends
5.2. Introduction
5.2.1. Basis Point Share (BPS) Analysis by Applications
5.2.2. Y-o-Y Growth Projections by Applications
5.3. Polyester Staple Fiber Market Size and Volume Forecast by Applications
5.3.1. Textile
5.3.2. Home Furnishing
5.3.3. Automotive
5.3.4. Construction
5.3.5. Filtration
5.3.6. Others
5.4. Absolute $ Opportunity Assessment by Applications
5.5. Market Attractiveness/Growth Potential Analysis by Applications
6. Global Polyester Staple Fiber Market Analysis and Forecast by Region
6.1. Market Trends
6.2. Introduction
6.2.1. Basis Point Share (BPS) Analysis by Region
6.2.2. Y-o-Y Growth Projections by Region
6.3. Polyester Staple Fiber Market Size and Volume Forecast by Region
6.3.1. North America
6.3.2. Latin America
6.3.3. Europe
6.3.4. Asia Pacific
6.3.5. Middle East and Africa (MEA)
6.4. Absolute $ Opportunity Assessment by Region
6.5. Market Attractiveness/Growth Potential Analysis by Region
6.6. Global Polyester Staple Fiber Demand Share Forecast, 2019-2026
7. North America Polyester Staple Fiber Market Analysis and Forecast
7.1. Introduction
7.1.1. Basis Point Share (BPS) Analysis by Country
7.1.2. Y-o-Y Growth Projections by Country
7.2. North America Polyester Staple Fiber Market Size and Volume Forecast by Country
7.2.1. U.S.
7.2.2. Canada
7.3. Absolute $ Opportunity Assessment by Country
7.4. North America Polyester Staple Fiber Market Size and Volume Forecast by Applications
7.4.1. Textile
7.4.2. Home Furnishing
7.4.3. Automotive
7.4.4. Construction
7.4.5. Filtration
7.4.6. Others
7.5. Basis Point Share (BPS) Analysis by Applications
7.6. Y-o-Y Growth Projections by Applications
7.7. Market Attractiveness/Growth Potential Analysis
7.7.1. By Country
7.7.2. By Product Type
7.7.3. By Application
7.8. North America Polyester Staple Fiber Demand Share Forecast, 2019-2026
8. Latin America Polyester Staple Fiber Market Analysis and Forecast
8.1. Introduction
8.1.1. Basis Point Share (BPS) Analysis by Country
8.1.2. Y-o-Y Growth Projections by Country
8.1.3. Latin America Average Pricing Analysis
8.2. Latin America Polyester Staple Fiber Market Size and Volume Forecast by Country
8.2.1. Brazil
8.2.2. Mexico
8.2.3. Rest of Latin America
8.3. Absolute $ Opportunity Assessment by Country
8.4. Latin America Polyester Staple Fiber Market Size and Volume Forecast by Applications
8.4.1. Textile
8.4.2. Home Furnishing
8.4.3. Automotive
8.4.4. Construction
8.4.5. Filtration
8.4.6. Others
8.5. Basis Point Share (BPS) Analysis by Applications
8.6. Y-o-Y Growth Projections by Applications
8.7. Market Attractiveness/Growth Potential Analysis
8.7.1. By Country
8.7.2. By Product Type
8.7.3. By Application
8.8. Latin America Polyester Staple Fiber Demand Share Forecast, 2019-2026
9. Europe Polyester Staple Fiber Market Analysis and Forecast
9.1. Introduction
9.1.1. Basis Point Share (BPS) Analysis by Country
9.1.2. Y-o-Y Growth Projections by Country
9.1.3. Europe Average Pricing Analysis
9.2. Europe Polyester Staple Fiber Market Size and Volume Forecast by Country
9.2.1. Germany
9.2.2. France
9.2.3. Italy
9.2.4. U.K.
9.2.5. Spain
9.2.6. Russia
9.2.7. Rest of Europe
9.3. Absolute $ Opportunity Assessment by Country
9.4. Europe Polyester Staple Fiber Market Size and Volume Forecast by Applications
9.4.1. Textile
9.4.2. Home Furnishing
9.4.3. Automotive
9.4.4. Construction
9.4.5. Filtration
9.4.6. Others
9.5. Basis Point Share (BPS) Analysis by Applications
9.6. Y-o-Y Growth Projections by Applications
9.7. Market Attractiveness/Growth Potential Analysis
9.7.1. By Country
9.7.2. By Product Type
9.7.3. By Application
9.8. Europe Polyester Staple Fiber Demand Share Forecast, 2019-2026
10. Asia Pacific Polyester Staple Fiber Market Analysis and Forecast
10.1. Introduction
10.1.1. Basis Point Share (BPS) Analysis by Country
10.1.2. Y-o-Y Growth Projections by Country
10.1.3. Asia Pacific Average Pricing Analysis
10.2. Asia Pacific Polyester Staple Fiber Market Size and Volume Forecast by Country
10.2.1. China
10.2.2. Japan
10.2.3. South Korea
10.2.4. India
10.2.5. Australia
10.2.6. Rest of Asia Pacific (APAC)
10.3. Absolute $ Opportunity Assessment by Country
10.4. Asia Pacific Polyester Staple Fiber Market Size and Volume Forecast by Applications
10.4.1. Textile
10.4.2. Home Furnishing
10.4.3. Automotive
10.4.4. Construction
10.4.5. Filtration
10.4.6. Others
10.5. Basis Point Share (BPS) Analysis by Applications
10.6. Y-o-Y Growth Projections by Applications
10.7. Market Attractiveness/Growth Potential Analysis
10.7.1. By Country
10.7.2. By Product Type
10.7.3. By Application
10.8. Asia Pacific Polyester Staple Fiber Demand Share Forecast, 2019-2026
11. Middle East & Africa Polyester Staple Fiber Market Analysis and Forecast
11.1. Introduction
11.1.1. Basis Point Share (BPS) Analysis by Country
11.1.2. Y-o-Y Growth Projections by Country
11.1.3. Middle East & Africa Average Pricing Analysis
11.2. Middle East & Africa Polyester Staple Fiber Market Size and Volume Forecast by Country
11.2.1. Saudi Arabia
11.2.2. South Africa
11.2.3. UAE
11.2.4. Rest of Middle East & Africa (MEA)
11.3. Absolute $ Opportunity Assessment by Country
11.4. Middle East & Africa Polyester Staple Fiber Market Size and Volume Forecast by Applications
11.4.1. Textile
11.4.2. Home Furnishing
11.4.3. Automotive
11.4.4. Construction
11.4.5. Filtration
11.4.6. Others
11.5. Basis Point Share (BPS) Analysis by Applications
11.6. Y-o-Y Growth Projections by Applications
11.7. Market Attractiveness/Growth Potential Analysis
11.7.1. By Country
11.7.2. By Product Type
11.7.3. By Application
11.8. Middle East & Africa Polyester Staple Fiber Demand Share Forecast, 2019-2026
12. Competition Landscape
12.1. Global Polyester Staple Fiber Market: Market Share Analysis
12.2. Polyester Staple Fiber Distributors and Customers
12.3. Polyester Staple Fiber Market: Competitive Dashboard
12.4. Company Profiles (Details: Overview, Financials, Developments, Strategy)
12.4.1. Alpek S.A.B. de C.V.
12.4.2. Reliance Industries Limited
12.4.3. TORAY INDUSTRIES, INC.
12.4.4. Bombay Dyeing
12.4.5. Far Eastern New Century Corp.
12.4.6. Huvis Corporation
12.4.7. W. Barnet GmbH & Co. KG.
Methodology
Related Reports
Some other reports from this category!
Our Clients
