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Global Polyester Staple Fiber Market- Description
Polyester staple Fiber is a lightweight, resistant to light and weather and wrinkle free. It also has the characteristic to withstand extreme climatic conditions. It is used as a key element in various end-use sectors, including apparel, home furnishing, automation and construction which are expected to drive market growth in the predicted forecast period. Rise in the demand for the product, keeping in sight its long-term effectiveness, high elastic resilience, eco-friendly nature of PSF and tenacity, can also boost market growth. Solid PSF is the highest sold product and will witness a promising growth rate over the forecast period. Hollow product sector can also foresee a low growth rate. In terms of revenue, apparel application segment is to observe the fastest growth over the next eight years. PSF is improving the overall quality at a lower price than its alternatives, which is also another factor for the growth.
Increasing product utilization in Asia Pacific owing to its rising operation in textile manufacturing industry is also expected to boost demand over the forecast period. Polyester Staple Fiber (PSF) has the same property as polyester fiber, that are directly manufactured from PET chips or MEG and PTA or recycled PET.
Source: WMR
Global Polyester Staple Fiber Market- Overview
The Global Market was estimated to be at USD 27,390 Million in the year 2022, ready to exhibit a Compound Annual Growth Rate (CAGR) of 27.39%.
The constant demand for increasing automotive industry, apparel, increasing government initiative, and increasing construction activities in various regions, are the most important factors that help in the growth of polyester staple fiber market. New opportunities are being created for the global polyester staple fiber market, owing to the increasing popularity of bio-based polyester staple fiber and increasing adoption of polyester staple fiber for application in newer industrial verticals. The global polyester staple fiber market, has seen fluctuation in the prices and supply of crude oil and complex production processes are the key constraints.
According to, BP Statistical Review of World Energy, there has been a fluctuation in the price of crude oil. The eruption in crude oil prices is expected to be a remarkable challenge for the polyester staple fiber market manufacturers.
Source: WMR
Key Trends in Global Polyester Staple Fiber Market
Increasing Demand from Textile Segment:
Polyester Staple Fiber (PSF) is a synthetic man-made fiber made directly from purified Tere-phthalic acid (PTA) & mono ethylene glycol (MEG) or Polyethene Terephthalate (PET) /Polyester waste or from recycled post consumed PET bottle flakes. The growing adoption of polyester staple fiber in making active-wear, sportswear and intimate wear is triggering the demand for polyester staple fiber in the apparel segment and thus, setting the market in motion. Also an increase in the usage of polyester staple fiber as a replacement for cotton for its properties such as cheaper, available in different designs and colors, thinner and light in weight is boosting the polyester staple fiber market. There are several hi-tech varieties of polyester staple fiber available which have antimicrobial properties and offer advanced protection against bad odor and infections.
Surging adoption of Sustainable Products
The increase in demand for recycled products may witness an augment in the growth of the Global Polyester Staple Fiber Market during the forecast period. Most of the consumers in the recent times are gradually swapping towards sustainable textiles that are manufactured from recycled materials. This has happened only because of the increased awareness amongst the consumers about the environmental protection and benefits of using sustainable textiles. The convenience and availability of sustainable clothing that are offered in variety of bright colors, attractive prints and stylish designs is also expected to support the growth of the market globally.
Impact of COVID-19 on the Polyester Market-
The pandemic outbreak of COVID-19 affected the industry on a large scale. Automotive production has been halted, contributing to major losses in the automotive industry. According to the European Association of Automobile Manufacturers, demand for new commercial vehicles across the EU remained low throughout the pandemic. There has been a decline in the automotive production, so the demand for polyester staple fiber has fallen, which has a major impact on the polyester staple fiber market.
Segmentation of the Global Polyester Staple Fiber Market:
Kay Players:
Reliance Industries Limited
Indorama Ventures Public Company Limited
Alpek S.A.B. de C.V.
Toray Industries, Inc.
China Petroleum & Chemical Corporation (Sinopec)
Jiangsu Sanfangxiang Group Co., Ltd.
W. Barnet GmbH & Co. KG
Stein Fibers, Ltd.
Tongkun Group Co., Ltd.
Nan Ya Plastics Corporation.
Segmentation based on Origin
Virgin Polyester Staple Fiber
Recycled Polyester Staple Fiber
Blend of virgin and recycled polyester staple fiber
Others
The virgin polyester staple fiber segment is anticipated to showcase lucrative growth trends over the forecast duration, owing to escalating demand for cost effective synthetic fibers in emerging economies and increase in disposable income of the masses.
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
The apparel industry holds the largest share in the polyester staple fiber market in 2022 and is growing at a CAGR of 6.5%, it is I demand for it qualities or properties such as lightweight, good hygroscopicity, and softness. Hollow polyester staple fiber is widely used to make thin thermal underwear, sportswear with good warm-keeping and warm winter casual wear for soft feeling, and soft lustre. It is used to make thermal socks and gloves which are wear resistance. Even soft tweeds and soft socks are made from this fiber.
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
The solid segment is projected to amplify notably over the forecast duration due to rapid growth in the textile manufacturing industry in developing countries.
Source: WMR
Segmentation based on Denier
0.6-7D
7.1-15D
Global Polyester Staple Fibre Market: Regional Analysis
The Global Polyester staple Fibre Market is further segmented into five major countries- North America, Asia-pacific, Europe, Latin America and Middle East and Africa. According to Investments made by India, it has become the second-largest manufacturer of PPE in the world. 600 plus companies in India are now producing PPEs. The hiking per capital income of the individuals further led to the massive demand for apparel in the APAC region.
Competitive Land-scape
Toray Industries, Alpek, S.A.B. de C.V, W. Barnet GmbH & Co. KG, Bombay Dyeing, Indorama Ventures Public Company Limited, Xinda Corp., China National Petroleum Corporation, Diyou Fibre (M) Sdn Bhd., Huvis Corporation, Petrovietnam Petrochemical, Textile Fiber Joint Stock Company, JB Ecotex, Shubhalakshmi Polyesters Ltd., Arora Fibres Ltd., Techfab India Industries Ltd., Meadowbrook Inventions, Inc., Komar Alliance, Zippercord LLC., Phillystran, Inc., Engineered Fibers Technology, Garvin Industrial Products, Fiber Innovation Technology, Inc., MYI MINING FIBER YARN TEXTILE PRODUCTION INDUSTRY & TRADE, M&G Chemicals and Others
Scope of the Report:
Historical Years- 2020-2021
Forecast Years- 2023-2033
Global Polyester Staple Fibre Market CAGR- 27.39%
Global Polyester Staple Fibre Market USD value in 2022- USD 27,390 Million
Global Polyester Staple Fibre Market USD value in 2033- USD 46,430 Million
Segments Covered- Origin, End-user and Region
Regions Covered- North America (US, Canada), Europe (UK, Germany, Spain, Italy, France), Asia-pacific (India, China, South Korea, Japan, Australia), Latin America (Mexico, Brazil)
1. Global Polyester Staple Fiber Market Introduction and Market Overview
1.1. Objective of the Market Research Study
1.2. Polyester Staple Fiber Market Definition & Description
1.3. Research Data Parameters & Reporting Timelines
1.3.1. Historical Data Reporting Years 2020 to 2021
1.3.2. Projected Data Reporting Years 2023 to 2033
1.3.3. Reporting Data Parameters Value (US$ Million) & Volume (Kilo Tons)
1.4. Global Polyester Staple Fiber Market Scope and Market Estimation
1.4.1. Global Polyester Staple Fiber Overall Market Size (US$ Million) & (Kilo Tons), Market CAGR (%), Market Estimates & Forecast (2020 to 2033)
1.4.2. Global Polyester Staple Fiber Market Revenue Share (%) and Growth Rate (Y-o-Y) from 2020 to 2033
1.5. Polyester Staple Fiber Market Segmentation
1.5.1. Origin of Global Polyester Staple Fiber Market
1.5.2. Product of Global Polyester Staple Fiber Market
1.5.3. Denier of Global Polyester Staple Fiber Market
1.5.4. End-Use Industry of Global Polyester Staple Fiber Market
1.5.5. Key Regions of Global Polyester Staple Fiber Market
2. Global Polyester Staple Fiber Market - Executive Summary
2.1. Global Polyester Staple Fiber Market Summary & Snapshot
2.2. Global Polyester Staple Fiber Market, By Origin (US$ Million) & (Kilo Tons)
2.3. Global Polyester Staple Fiber Market, By Product (US$ Million) & (Kilo Tons)
2.4. Global Polyester Staple Fiber Market, By Denier (US$ Million) & (Kilo Tons)
2.5. Global Polyester Staple Fiber Market, By End-Use Industry (US$ Million) & (Kilo Tons)
2.6. Global Polyester Staple Fiber Market, By Geography (US$ Million) & (Kilo Tons)
2.7. Global Polyester Staple Fiber Market Outlook & Future Opportunities
3. Polyester Staple Fiber Market Trends, Outlook, and Factors Analysis
3.1. Global Polyester Staple Fiber Market Industry Development Trends under COVID-19 Outbreak
3.1.1. Global COVID-19 Status Overview
3.1.2. Influence of COVID-19 Outbreak on Global Polyester Staple Fiber Market Industry Development
3.1.3. Pre & Post COVID-19 Trends and Scenarios
3.2. Market Dynamics (Growth Impacting Factors & Rationales)
3.2.1. Drivers
3.2.1.1. Multiple industrial usages drive the market.
3.2.1.2. Rising Automotive production.
3.2.1.3. Rising demand of recycled PSF.
3.2.1.4. Driver 4
3.2.1.5. Driver 5
3.2.2. Restraints
3.2.2.1. Pure terephthalic acid, which is the raw material for PSF discharging in lakes
3.2.2.2. Restraint 2
3.2.3. Opportunities
3.2.3.1. Biogenic Polyester Staple Fiber is make a new opportunity as an alternative and new application area
3.2.3.2. Opportunity 2
3.2.3.3. Opportunity 3
3.2.4. Impact Analysis of Drivers and Restraints
3.3. Ecosystem/ Value Chain Analysis
3.4. Porters Five Forces Analysis
3.5. SWOT Analysis
3.6. PEST Analysis
3.7. Average Selling Prices and Pricing Trends Analysis of Polyester Staple Fiber Market
3.8. Technological Roadmap
3.9. Key Investment Pockets of Polyester Staple Fiber Market
3.9.1. By Origin
3.9.2. By Product
3.9.3. By Denier
3.9.4. By End-Use Industry
3.9.5. By Regions
4. Global Polyester Staple Fiber Market: Estimates & Historic Trend Analysis (2020 to 2021)
4.1. Global Polyester Staple Fiber Market, 2020 2021 (US$ Million) & (Kilo Tons)
4.2. Global Polyester Staple Fiber Market, By Origin, 2020 to 2021 (US$ Million) & (Kilo Tons)
4.3. Global Polyester Staple Fiber Market, By Product, 2020 to 2021 (US$ Million) & (Kilo Tons)
4.4. Global Polyester Staple Fiber Market, By Denier, 2020 to 2021 (US$ Million) & (Kilo Tons)
4.5. Global Polyester Staple Fiber Market, By End-Use Industry, 2020 to 2021 (US$ Million) & (Kilo Tons)
4.6. Global Polyester Staple Fiber Market, By Region, 2020 to 2021 (US$ Million) & (Kilo Tons)
5. Global Polyester Staple Fiber Market Estimates & Forecast Trend Analysis, by Origin
5.1. Global Polyester Staple Fiber Market Share (%) Estimates and Forecasts, by Origin, 2022 & 2033
5.2. Global Polyester Staple Fiber Market Size (US$ Million) & (Kilo Tons) Estimates and Forecasts, by Origin, 2023 to 2033
5.2.1. Virgin Polyester Staple Fiber
5.2.2. Recycled Polyester Staple Fiber
5.2.3. Blend of Virgin and Recycled Polyester Staple Fiber
5.2.4. Others
6. Global Polyester Staple Fiber Market Estimates & Forecast Trend Analysis, by Product
6.1. Global Polyester Staple Fiber Market Share (%) Estimates and Forecasts, by Product, 2022 & 2033
6.2. Global Polyester Staple Fiber Market (US$ Million) & (Kilo Tons) Estimates and Forecasts, by Product, 2023 to 2033
6.2.1. Solid
6.2.1.1. Semi-dull Optical White
6.2.1.2. Bright Optical White
6.2.1.3. Black Dope Dyed
6.2.1.4. Colored Dope White
6.2.1.5. Others
6.2.2. Hollow
7. Global Polyester Staple Fiber Market Estimates & Forecast Trend Analysis, by Denier
7.1. Global Polyester Staple Fiber Market Share (%) Estimates and Forecasts, by Denier, 2022 & 2033
7.2. Global Polyester Staple Fiber Market (US$ Million) & (Kilo Tons) Estimates and Forecasts, by Denier, 2023 to 2033
7.2.1. 0.6-7 D
7.2.2. 7.1-15 D
Global Polyester Staple Fiber Market Estimates & Forecast Trend Analysis, by End-Use Industry
7.3. Global Polyester Staple Fiber Market Share (%) Estimates and Forecasts, by End-Use Industry, 2022 & 2033
7.4. Global Polyester Staple Fiber Market (US$ Million) & (Kilo Tons) Estimates and Forecasts, by End-Use Industry, 2023 to 2033
7.4.1. Apparel
7.4.1.1. Casual, Sports
7.4.1.2. Industrial
7.4.2. Automotive
7.4.2.1. Passenger Cars
7.4.2.2. Light Commercial Vehicles (LCV)
7.4.2.3. Heavy Commercial Vehicles (HCV)
7.4.2.4. Others
7.4.3. Home Furnishing
7.4.3.1. Sofa, Chairs
7.4.3.2. Pillows
7.4.3.3. Others
7.4.4. Filtration
7.4.5. Building & Construction
7.4.5.1. Residential
7.4.5.2. Commercial
7.4.5.3. Industrial
7.4.5.4. Others
7.4.6. Personal Care & Hygiene
7.4.7. Electrical & Electronics
7.4.7.1. Computer
7.4.7.2. Recording Tapes
7.4.7.3. Others
8. Global Polyester Staple Fiber Market Analysis and Forecast, by Region
8.1. Global Polyester Staple Fiber Market Share (%) Estimates and Forecasts, by Region, 2022 & 2033
8.2. Global Polyester Staple Fiber Market (US$ Million) & (Kilo Tons) Estimates and Forecasts, by Region, 2023 to 2033
8.2.1. North America
8.2.2. Europe
8.2.3. Asia Pacific
8.2.4. Middle East and Africa
8.2.5. Latin America
9. North America Polyester Staple Fiber Market: Estimates & Forecast Trend Analysis
9.1. North America Polyester Staple Fiber Market Assessments & Key Findings
9.2. North America Polyester Staple Fiber Market Share (%) Estimates and Forecasts, 2022 & 2033
9.3. North America Polyester Staple Fiber Market Size Estimates and Forecast (US$ Million) & (Kilo Tons) (2023 to 2033)
9.3.1. By Origin
9.3.2. By Product
9.3.3. By Denier
9.3.4. By End-Use Industry
9.3.5. By Major Country
9.3.5.1. The U.S.
9.3.5.2. Canada
10. Europe Polyester Staple Fiber Market: Estimates & Forecast Trend Analysis
10.1. Europe Polyester Staple Fiber Market Assessments & Key Findings
10.2. Europe Polyester Staple Fiber Market Share (%) Estimates and Forecasts, 2022 & 2033
10.3. Europe Polyester Staple Fiber Market Size Estimates and Forecast (US$ Million) & (Kilo Tons) (2023 to 2033)
10.3.1. By Origin
10.3.2. By Product
10.3.3. By Denier
10.3.4. By End-Use Industry
10.3.5. By Major Country
10.3.5.1. Germany
10.3.5.2. The U.K.
10.3.5.3. France
10.3.5.4. Italy
10.3.5.5. Spain
10.3.5.6. Rest of Europe (includes all other European countries)
11. Asia Pacific Polyester Staple Fiber Market: Estimates & Forecast Trend Analysis
11.1. Asia Pacific Polyester Staple Fiber Market Assessments & Key Findings
11.2. Asia Pacific Polyester Staple Fiber Market Share (%) Estimates and Forecasts, 2022 & 2033
11.3. Asia Pacific Polyester Staple Fiber Market Size Estimates and Forecast (US$ Million) & (Kilo Tons) (2023 to 2033)
11.3.1. By Origin
11.3.2. By Product
11.3.3. By Denier
11.3.4. By End-Use Industry
11.3.5. By Major Country
11.3.5.1. China
11.3.5.2. Japan
11.3.5.3. India
11.3.5.4. ASEAN
11.3.5.5. South Korea
11.3.5.6. Rest of Asia Pacific (includes all other Asia Pacific countries)
12. Middle East & Africa Polyester Staple Fiber Market: Estimates & Forecast Trend Analysis
12.1. Middle East & Africa Polyester Staple Fiber Market Assessments & Key Findings
12.2. Middle East & Africa Polyester Staple Fiber Market Share (%) Estimates and Forecasts, 2022 & 2033
12.3. Middle East & Africa Polyester Staple Fiber Market Size Estimates and Forecast (US$ Million) & (Kilo Tons) (2023 to 2033)
12.3.1. By Origin
12.3.2. By Product
12.3.3. By Denier
12.3.4. By End-Use Industry
12.3.5. By Major Country
12.3.5.1. GCC
12.3.5.2. South Africa
12.3.5.3. Egypt
12.3.5.4. Rest of Middle East & Africa (includes all other Middle East & Africa countries)
13. Latin America Polyester Staple Fiber Market: Estimates & Forecast Trend Analysis
13.1. Latin America Market Assessments & Key Findings
13.2. Latin America Polyester Staple Fiber Market Share (%) Estimates and Forecasts, 2022 & 2033
13.3. Latin America Polyester Staple Fiber Market Size Estimates and Forecast (US$ Million) & (Kilo Tons) (2023 to 2033)
13.3.1. By Origin
13.3.2. By Product
13.3.3. By Denier
13.3.4. By End-Use Industry
13.3.5. By Major Country
13.3.5.1. Brazil
13.3.5.2. Mexico
13.3.5.3. Rest of Latin America (includes all other Latin America countries)
14. Competitive Landscape
14.1. Market Revenue Share Analysis (%), by Major Players (2021)
14.2. Market Competition Matrix, by Leading Players
14.3. List of Emerging, Prominent and Leading Players
14.4. Major Mergers & Acquisitions, Partnership, Joint Venture, Expansions, Deals, Recent Developments, etc.
15. Company Profiles
15.1. Reliance Industries Limited
15.1.1. Company Overview & Insights
15.1.2. Financial Performance
15.1.3. Product / Service Portfolio
15.1.4. Geographical Footprint & Share
15.1.5. Strategic Initiatives & Key Developments
*Similar details would be provided for all the players mentioned below
15.2. Toray Industries
15.3. Alpek
15.4. S.A.B. de C.V
15.5. W. Barnet GmbH & Co. KG
15.6. Bombay Dyeing
15.7. Indorama Ventures Public Company Limited
15.8. Xinda Corp.
15.9. China National Petroleum Corporation
15.10. Diyou Fibre (M) Sdn Bhd.
15.11. Huvis Corporation
15.12. Petrovietnam Petrochemical
15.13. Textile Fiber Joint Stock Company
15.14. JB Ecotex
15.15. Shubhalakshmi Polyesters Ltd.
15.16. Arora Fibres Ltd.
15.17. Techfab India Industries Ltd.
15.18. Meadowbrook Inventions, Inc.
15.19. Komar Alliance
15.20. Zippercord LLC.
15.21. Phillystran, Inc.
15.22. Engineered Fibers Technology
15.23. Garvin Industrial Products
15.24. Fiber Innovation Technology, Inc.
15.25. MYI MINING FIBER YARN TEXTILE PRODUCTION INDUSTRY & TRADE
15.26. M&G Chemicals
15.27. Others
16. Assumptions and Research Methodology
16.1. Data Mining
16.2. Secondary Research
16.3. Primary Research
16.4. Subject Matter Expert Advice
16.5. Quality Check
16.6. Final Review
16.7. Data Triangulation
16.8. Bottom-Up Approach
16.9. Top Down Approach
16.10. Research Flow
16.11. Key Insights from Industry Experts
16.12. Data Sources
16.13. Assumptions
16.14. Limitations
17. Conclusions and Recommendations
17.1. Key Research Findings and Conclusion
17.2. Key Insights & Recommendations from Analysts