Market Overview
The Polyester Staple Fiber market is predicted to develop at a compound annual growth rate (CAGR) of 5.42% from 2024 to 2033, when it is projected to reach USD 49.32 billion, based on an average growth pattern. The market is estimated to reach a value of USD 30.46 billion in 2024.
SOURCE: We Market Research
The synthetic
fiber known as polyester staple fiber (PSF) is made of petroleum-based
polymers, mainly polyethylene terephthalate (PET). It is formed into short,
distinct fibers via a process of melting, extrusion, and solidification. PSF is
frequently used in the textile and nonwoven sectors to make goods like carpets,
pillows, and clothes because of its reputation for adaptability, durability,
and affordability. It is incredibly durable, wrinkle-resistant, and easy to
maintain. Because recycled PET may be used in its production, its broad use
supports sustainability initiatives. In order to balance performance and cost,
polyester staple fiber is essential for satisfying the needs of a wide range of
applications.
Multiple
significant factors are driving the polyester staple fiber (PSF) industry. To
begin with, PSF's appeal in textile manufacturing is fueled by the textile
industry's growing demand for reasonably priced and adaptable synthetic fibers.
In line with environmental objectives, recycled PET is also used in PSF
manufacture due to growing awareness of and emphasis on sustainable methods.
since of its natural properties, PSF is widely used since it is long-lasting,
wrinkle-resistant, and low maintenance. Additionally, as the middle class
grows, especially in emerging economies, there is a greater need for reasonably
priced, long-lasting textiles, which drives up demand for polyester staple
fiber.
Market Scope
Report Attributes |
Description |
Market Size in 2024 |
USD 30.46 Billion |
Market Forecast in 2033 |
USD 49.32 Billion |
CAGR % 2024-2033 |
5.42% |
Base Year |
2023 |
Historic Data |
2016-2022 |
Forecast Period |
2024-2033 |
Report USP
|
Production, Consumption, company share, company heatmap,
company production capacity, growth factors and more |
Segments Covered |
By Origin, by Product, by Denier, by End-Use Industry and By
Region |
Regional Scope |
North America, Europe, APAC, South America and
Middle East and Africa |
Country Scope |
U.S.; Canada; U.K.; Germany; France; Italy; Spain; Benelux; Nordic
Countries; Russia; China; India; Japan; South Korea; Australia; Indonesia;
Thailand; Mexico; Brazil; Argentina; Saudi Arabia; UAE; Egypt; South Africa;
Nigeria |
Polyester Staple Fiber Industry: Dynamics &
Restrains
Market Drivers
Growing Demand
in Textile Industry - The market for polyester
staple fiber (PSF) is significantly driven by the textile industry's expanding
need. PSF is widely used in textiles because of its affordability, adaptability,
and longevity. PSF is more necessary as the world's population grows and
urbanization increases, driving growing demand for apparel and household
textiles. Its extensive application in the production of industrial fabrics,
home furnishings, and clothing makes it an essential part of satisfying the
ever-increasing demands of the textile industry. The market for polyester
staple fiber is expanding rapidly due in part to the textile industry's ongoing
growth, especially in emerging markets.
Versatility and
Wide Range of Applications - One of the main
factors driving the polyester staple fiber (PSF) industry is its adaptability
and broad variety of applications. PSF is essential in a variety of industries,
such as textiles, automotive, construction, and hygiene products, due to its
versatility. Because of its toughness and longevity, PSF may be used in a wide
range of end-use applications, making it a popular option among manufacturers.
Because of its adaptability, a wide range of goods can be produced, from
non-woven fabrics used in industrial settings to clothes and household
textiles. The broad range of applications for PSF therefore contributes to its
enduring demand, which propels the market for polyester staple fiber's
expansion and stability.
Market restrains
Competition from
Other Fibers - The competition from replacement
fibers significantly restricts the market for polyester staple fiber (PSF). As
consumer preferences shift toward sustainability, fibers like viscose, cotton,
and natural substitutes are competing with one another for market share. The
demand for natural and eco-friendly fibers can hinder PSF's market expansion by
detracting attention from it. Consumer choices in the fashion industry may be
influenced by environmental consciousness, selecting substitute fibers deemed
to be more sustainable. Due to intense competition, PSF finds it challenging to
increase its market share. As a result, it must take proactive steps to address
environmental problems and increase its appeal in the face of growing
competition from replacement and purportedly ecologically friendly fibers.
We Market
Research: Polyester Staple Fiber
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Polyester Staple Fiber Segmentation
Market- By Origin Analysis
By Origin, the Polyester Staple Fiber Market is Categories into Virgin Polyester Staple Fiber, Recycled Polyester Staple Fiber, Blend of Virgin and Recycled Polyester Staple Fiber. The Virgin Polyester Staple Fiber segment accounts for the largest share of around 45% in 2024.
The exceptional quality and purity of
virgin polyester staple fiber ensure reliable performance in a range of
applications. Businesses favor it because of its pure composition, which
satisfies exacting requirements of quality. Its market demand is fueled by its
dependability and versatility, which make it the go-to option, particularly in
industries where performance and durability are critical.
The
following segments are part of an in-depth analysis of the global Polyester
Staple Fiber market:
Market Segments |
|
By Product |
·
Solid ·
Semi-dull Optical White ·
Bright Optical White ·
Black Dope Dyed ·
Colored Dope White ·
Hollow |
By Denier |
·
0.6-7 D ·
7.1-15 D |
By End-Use Industry |
·
Apparel ·
Automotive ·
Home Furnishing ·
Filtration ·
Building & Construction ·
Personal Care & Hygiene ·
Electrical & Electronics |
Polyester Staple Fiber Industry: Regional Analysis
Asia Pacific Market Forecast
Asia Pacific dominate the Polyester Staple Fiber Market with the highest revenue generating market with share of more than 46%. The market for polyester staple fiber is mostly driven by the expanding textile sector in Asia-Pacific, especially in nations like Bangladesh, India, and China. The market is driven primarily by the need for affordable and multipurpose fibers, which are necessary for the production of textiles. The region also sees a spike in demand for textiles and non-woven goods because of the expanding population and urbanization, which increases the need for these items in a variety of applications like clothing and industrial supplies.
North America Market Statistics
North America is
the second-largest market for Polyester Staple Fiber. One of the primary
drivers of the North American polyester staple fiber market is the increasing
focus on sustainable products. The utilization of recycled polyester staple
fiber is increasing in the area as a result of rising customer demand for and
knowledge of environmentally friendly products. The market is expanding due to
ongoing advancements in end-use applications in industries such as healthcare,
construction, and automotive.
Europe Market Forecasts
Europe is expected
to be the fastest-growing market for Polyester Staple Fiber during the forecast
period. Strict environmental regulations are driving up demand for recycled
polyester staple fibers in Europe. There is a strong emphasis on sustainable
manufacturing practices in this field, which encourages manufacturers to employ
eco-friendly alternatives to meet regulatory standards. The growing market for
non-woven fabrics, notably in the construction, health, and hygiene product
industries, is another factor driving the need for polyester staple fibers.
Key Market Players
The Polyester
Staple Fiber Market is dominated by a few large companies, such as
·
TORAY INDUSTRIES, INC. (Japan)
·
W. Barnet GmbH & Co. KG
(Germany)
·
Alpek S.A.B. de C.V. (Mexico)
·
Reliance Industries Limited
(India)
·
Indorama Ventures Public
Company Limited (Thailand)
·
Huvis Corporation (South Korea)
·
Xinda Corp. (China)
·
Diyou Fibre (M) Sdn Bhd.
(Malaysia)
·
Bombay Dyeing (India)
·
Petrovietnam Petrochemical
(Vietnam)
·
Textile Fiber Joint Stock
Company (Vietnam)
·
Far Eastern Group (Taiwan)
·
Komal Fibres (India)
·
Nirmal Fibres (P) Ltd. (India)
·
RUDRA FIBRE (India)
·
Shubhalakshmi Polyesters Ltd.
(India)
·
Tongkun Group Co. Ltd. (China)
·
Zhejiang Hengyi Group Co. Ltd.
(China)
·
Others
Recent Developments:
·
February 2019, The Cabo de
Santo Agostinho factory, which produces and provides polyester staple fibers
with an annual polymerization capacity of 75,000 tons, was fully acquired by
Indorama Ventures.
1.
Global
Polyester Staple Fiber Market Introduction and Market Overview
1.1. Objectives of the Study
1.2. Global Polyester Staple Fiber
Market Scope and Market Estimation
1.2.1. Global Polyester Staple Fiber Overall
Market Size, Revenue (US$ Mn), Market CAGR (%), Market forecast (2023 - 2033)
1.2.2. Global Polyester Staple Fiber
Market Revenue Share (%) and Growth Rate (Y-o-Y) from 2019 - 2033
1.3. Market Segmentation
1.3.1. Component of Global Polyester
Staple Fiber Market
1.3.2. Technology of Global Polyester
Staple Fiber Market
1.3.3. Denier of Global Polyester
Staple Fiber Market
1.3.4. Region of Global Polyester
Staple Fiber Market
2.
Executive Summary
2.1. Global Polyester Staple Fiber Market Industry Trends under COVID-19
Outbreak
2.1.1. Global COVID-19 Status Overview
2.1.2. Influence of COVID-19 Outbreak
on Global Polyester Staple Fiber Market
Industry Development
2.2. Market Dynamics
2.2.1. Drivers
2.2.2. Limitations
2.2.3. Opportunities
2.2.4. Impact Analysis of Drivers and
Restraints
2.3. Pricing Trends Analysis &
Average Selling Prices (ASPs)
2.4. Key Mergers & Acquisitions,
Expansions, JVs, Funding / VCs, etc.
2.5. Porter’s Five Forces Analysis
2.5.1. Bargaining Power of Suppliers
2.5.2. Bargaining Power of Buyers
2.5.3. Threat of Substitutes
2.5.4. Threat of New Entrants
2.5.5. Competitive Rivalry
2.6. Value Chain / Ecosystem Analysis
2.7. Russia-Ukraine War Impacts
Analysis
2.8. Economic Downturn Analysis
2.9. Market Investment Opportunity
Analysis (Top Investment Pockets), By Segments & By Region
3.
Global Polyester Staple Fiber
Market Estimates & Historical Trend
Analysis (2019 - 2022)
4.
Global Polyester Staple Fiber
Market Estimates & Forecast Trend
Analysis, by ORIGIN
4.1. Global Polyester Staple Fiber
Market Revenue (US$ Mn) Estimates and Forecasts, by ORIGIN, 2019 to 2033
4.1.1. Virgin Polyester Staple Fiber
4.1.2. Recycled Polyester Staple Fiber
4.1.3. Blend of Virgin
4.1.4. Recycled Polyester Staple Fiber
5.
Global Polyester Staple Fiber
Market Estimates & Forecast Trend
Analysis, by Product
5.1. Global Polyester Staple Fiber
Market Revenue (US$ Mn) Estimates and Forecasts, by Product, 2019 to 2033
5.1.1. Solid
5.1.2. Semi-dull Optical White
5.1.3. Bright Optical White
5.1.4. Black Dope Dyed
5.1.5. Colored Dope White
5.1.6. Hollow
6.
Global Polyester Staple Fiber
Market Estimates & Forecast Trend
Analysis, by Denier
6.1. Global Polyester Staple Fiber
Market Revenue (US$ Mn) Estimates and Forecasts, by Denier, 2019
to 2033
6.1.1. 0.6-7 D
6.1.2. 7.1-15 D
7.
Global Polyester Staple Fiber
Market Estimates & Forecast Trend
Analysis, by END-USE INDUSTRY
7.1. Global Polyester Staple Fiber
Market Revenue (US$ Mn) Estimates and Forecasts, by Denier, 2019
to 2033
7.1.1. Apparel
7.1.2. Automotive
7.1.3. Home Furnishing
7.1.4. Filtration
7.1.5. Building & Construction
7.1.6. Personal Care & Hygiene
7.1.7. Electrical & Electronics
8.
Global Polyester Staple Fiber
Market Estimates & Forecast Trend
Analysis, by Region
8.1. Global Polyester Staple Fiber
Market Revenue (US$ Mn) Estimates and Forecasts, by Region, 2019 to 2033
8.1.1. North America
8.1.2. Europe
8.1.3. Asia Pacific
8.1.4. Middle East & Africa
8.1.5. South America
9.
North
America Polyester Staple Fiber Market: Estimates & Forecast Trend Analysis
9.1.
North
America Polyester Staple Fiber Market Assessments & Key Findings
9.1.1. North America Polyester Staple
Fiber Market Introduction
9.1.2. North America Polyester Staple
Fiber Market Size Estimates and Forecast (US$ Million) (2019 – 2033)
9.1.2.1. By ORIGIN
9.1.2.2. By Product
9.1.2.3. By Denier
9.1.2.4. By END-USE INDUSTRY
9.1.2.5. By Country
9.1.2.5.1. The U.S.
9.1.2.5.2. Canada
9.1.2.5.3. Mexico
10. Europe Polyester
Staple Fiber Market: Estimates &
Forecast Trend Analysis
10.1. Europe Polyester Staple Fiber
Market Assessments & Key Findings
10.1.1. Europe Polyester Staple Fiber
Market Introduction
10.1.2. Europe Polyester Staple Fiber
Market Size Estimates and Forecast (US$ Million) (2019 – 2033)
10.1.2.1. By ORIGIN
10.1.2.2. By Product
10.1.2.3. By Denier
10.1.2.4. By END-USE INDUSTRY
10.1.2.5. By Country
10.1.2.5.1. Germany
10.1.2.5.2. U.K.
10.1.2.5.3. France
10.1.2.5.4. Italy
10.1.2.5.5. Spain
10.1.2.5.6. Russia
10.1.2.5.7. Rest of Europe
11. Asia Pacific Polyester
Staple Fiber Market: Estimates &
Forecast Trend Analysis
11.1. Asia Pacific Market Assessments
& Key Findings
11.1.1. Asia Pacific Polyester Staple
Fiber Market Introduction
11.1.2. Asia Pacific Polyester Staple
Fiber Market Size Estimates and Forecast (US$ Million) (2019 – 2033)
11.1.2.1. By ORIGIN
11.1.2.2. By Product
11.1.2.3. By Denier
11.1.2.4. By END-USE INDUSTRY
11.1.2.5. By Country
11.1.2.5.1. China
11.1.2.5.2. Japan
11.1.2.5.3. India
11.1.2.5.4. Australia
11.1.2.5.5. South Korea
11.1.2.5.6. ASEAN
11.1.2.5.7. Rest of Asia Pacific
12. Middle East & Africa Polyester
Staple Fiber Market: Estimates &
Forecast Trend Analysis
12.1. Middle East & Africa Market
Assessments & Key Findings
12.1.1. Middle
East & Africa Polyester
Staple Fiber Market Introduction
12.1.2. Middle
East & Africa Polyester
Staple Fiber Market Size Estimates and Forecast (US$ Million) (2019 – 2033)
12.1.2.1. By ORIGIN
12.1.2.2. By Product
12.1.2.3. By Denier
12.1.2.4. By END-USE INDUSTRY
12.1.2.5. By Country
12.1.2.5.1. U.A.E.
12.1.2.5.2. Saudi Arabia
12.1.2.5.3. Egypt
12.1.2.5.4. South Africa
12.1.2.5.5. Rest of Middle East & Africa
13. South America
Polyester Staple Fiber Market:
Estimates & Forecast Trend Analysis
13.1. South America Market Assessments
& Key Findings
13.1.1. South America Polyester Staple
Fiber Market Introduction
13.1.2. South America Polyester Staple
Fiber Market Size Estimates and Forecast (US$ Million) (2019 – 2033)
13.1.2.1. By ORIGIN
13.1.2.2. By Product
13.1.2.3. By Denier
13.1.2.4. By END-USE INDUSTRY
13.1.2.5. By Country
13.1.2.5.1. Brazil
13.1.2.5.2. Argentina
13.1.2.5.3. Colombia
13.1.2.5.4. Rest of South America
14. Competition Landscape
14.1. Global Polyester Staple Fiber
Market Competition Matrix & Benchmarking, by Leading Players / Innovators /
Emerging Players / New Entrants
14.2. Global Polyester Staple Fiber
Market Competition White Space Analysis, By Denier
14.3. Global Polyester Staple Fiber
Market Competition Heat Map Analysis, By Denier
14.4. Global Polyester Staple Fiber
Market Concentration & Company Market Shares (%) Analysis, 2022
15. Company Profiles
15.1.
TORAY INDUSTRIES, INC. (Japan)
15.1.1. Company Overview & Key Stats
15.1.2. Financial Performance & KPIs
15.1.3. Product Portfolio
15.1.4. Business Strategy & Recent
Developments
* Similar details would be provided
for all the players mentioned below
15.2. W. Barnet GmbH
& Co. KG (Germany)
15.3. Alpek S.A.B.
de C.V. (Mexico)
15.4. Reliance
Industries Limited (India)
15.5. Indorama
Ventures Public Company Limited (Thailand)
15.6. Huvis
Corporation (South Korea)
15.7. Xinda Corp.
(China)
15.8. Diyou Fibre
(M) Sdn Bhd. (Malaysia)
15.9. Bombay Dyeing
(India)
15.10. Petrovietnam Petrochemical
(Vietnam)
15.11. Textile Fiber
Joint Stock Company (Vietnam)
15.12. Far Eastern
Group (Taiwan)
15.13. Komal Fibres
(India)
15.14. Nirmal Fibres
(P) Ltd. (India)
15.15. RUDRA FIBRE
(India)
15.16. Shubhalakshmi
Polyesters Ltd. (India)
15.17. Tongkun Group
Co. Ltd. (China)
15.18. Zhejiang
Hengyi Group Co. Ltd. (China)
15.19. Others
16. Research
Methodology
16.1. External Transportations /
Databases
16.2. Internal Proprietary Database
16.3. Primary Research
16.4. Secondary Research
16.5. Assumptions
16.6. Limitations
16.7. Report FAQs
17. Research Findings & Conclusion
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