Polyester staple fiber is made directly from PTA & MEG or PET chips or recycled PET bottle flakes. Polyester staple fiber is lightweight, wrinkle-free, and resistant to light and weather. It also has the ability to withstand extreme climatic conditions. It is used as a key element in various end-use sectors, including apparel, home furnishing, construction, and automotive, which is further expected to drive market growth over the forecast period. Globally, the development of efficient and advance technology, rising demand from apparel, and home furnishing industry, increasing the automotive industry, is creating more demand for polyester staple fiber.
MARKET DYNAMICS
The polyester staple fiber market has witnessed a significant growth owing to factors such as growing global consumption of sustainable textiles. In addition to that, the rising preference of recycled PSFs along with high demand from various application industries such as automotive, filtration, etc. is expected to act as a growth driver for this market during the forecast period. Due to the increasing demand for polyester staple fiber from end-use industries such as automotive, apparel, and others is expected to fuel market growth. However, trade regulations by government and fluctuating raw materials prices may further impact on the growth of the polyester staple fiber market. Nevertheless, with the steady growth in the textile and chemical industry, there are opportunities for the market players to invest in this market.
MARKET SCOPE
The "Global Polyester Staple Fiber Market Analysis to 2028" is a specialized and in-depth study of the chemicals and materials industry with a special focus on the global market trend analysis. The report aims to provide an overview of the polyester staple fiber market with detailed market segmentation by product, application, origin, and geography. The global polyester staple fiber market is expected to witness high growth during the forecast period. The report provides key statistics on the market status of the leading polyester staple fiber market players and offers key trends and opportunities in the market.
MARKET SEGMENTATION
The global polyster staple fiber market is segmented on the basis of product, application, and origin. On the basis of product, the polyester staple fiber market is segmented into solid and hollow. The polyester staple fiber market on the basis of the application is classified into automotive, home furnishing, apparel, filtration, and others. On the basis of origin, global polyester staple fiber market is bifurcated into virgin, recycled, and blended.
REGIONAL FRAMEWORK
The report provides a detailed overview of the industry including both qualitative and quantitative information. It provides an overview and forecast of the global polyester staple fiber market based on various segments. It also provides market size and forecast estimates from the year 2020 to 2028 with respect to five major regions, namely; North America, Europe, Asia-Pacific (APAC), Middle East and Africa (MEA) and South America. The polyester staple fiber market by each region is later sub-segmented by respective countries and segments. The report covers the analysis and forecast of 18 countries globally along with the current trend and opportunities prevailing in the region.
The report analyzes factors affecting the polyester staple fiber market from both demand and supply side and further evaluates market dynamics affecting the market during the forecast period i.e., drivers, restraints, opportunities, and future trend. The report also provides exhaustive PEST analysis for all five regions namely; North America, Europe, APAC, MEA, and South America after evaluating political, economic, social and technological factors affecting the polyester staple fiber market in these regions.
MARKET PLAYERS
The reports cover various key developments in the global polyster staple fiber market. Various companies are focusing growth strategies such as product launches, product approvals and others such as patents and events. Some of the growth strategies activities witnessed in the market were acquisitions, and partnership & collaborations. These activities have paved way for the expansion of business and customer base of market players. The market payers from polyster staple fiber market are anticipated to lucrative growth opportunities in the future with the rising demand for polyester staple fiber in the global market. Below mentioned is the list of few companies engaged in the polyester staple fiber market.
The report also includes the profiles of key companies along with their SWOT analysis and market strategies in the polyester staple fiber market. In addition, the report focuses on leading industry players with information such as company profiles, components, and services offered, financial information of the last 3 years, the key development in the past five years.
- Alpek S.A.B. de C.V.
- Bombay Dyeing
- China Petroleum Corporation (Sinopec Group)
- Diyou Fibre (M) Sdn Bhd
- Huvis Corporation
- Indorama Corporation
- Reliance Industries Limited
- Toray Chemical Korea, Inc.
- W. Barnet GmbH & Co. KG
- Xinda Corp.
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