The global Virgin Polyester Staple Fiber market was million USD in 2019 and is expected to million USD by the end of 2025, growing at a CAGR of between 2020 and 2025.
According to the report, the global polyester staple fiber market was valued at US$ 23.4 Bn in 2015 and is projected to reach US$ 42.4 by 2024, expanding at a CAGR of 7.5% from 2016 to 2024. In terms of volume, the polyester staple fiber market is expected to reach 23,472.9 kilo tons by 2024, expanding at a CAGR of 4.0% between 2016 and 2024.
In the global cotton-dominated apparel market, polyester staple fiber (PSF) has emerged as the fastest-growing segment in the recent past. The major reasons behind its increasing demand are its inherent good quality and the premium fetched by blended yarn in international markets. Polyester staple fibers are used in a wide range of applications such as carpets and rugs, fiberfill and nonwoven fabrics, home furnishings, and apparels. Polyester staple fiber has emerged as the fastest growing fiber amongst all types of fibers. Polyester staple fiber is increasingly used in mattresses and pillows due to the various advantages it offers. Demand for specialty mattresses is rising due to the high consumer preference for eco-friendly and health-promoting products.
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Polyester Staple Fiber Global Market Analysis, Trends and Forecast 2017 – 2025
The report estimates and forecasts the polyester staple fiber market on the global, regional, and country levels. The study provides forecast between 2017 and 2025 based on volume (Kilo Tons) and revenue (US$ Mn) with 2016 as the base year. The report comprises an exhaustive value chain analysis for each of the product segments. It provides a comprehensive view of the market.
Value chain analysis also offers detailed information about value addition at each stage.
The study includes drivers and restraints for the polyester staple fiber market along with their impact on demand during the forecast period. The study also provides key market indicators affecting the growth of the market. The report analyzes opportunities in the polyester staple fiber market on the global and regional level. Drivers, restraints, and opportunities mentioned in the report are justified through quantitative and qualitative data. These have been verified through primary and secondary resources.
The report includes Porter’s Five Forces Model to determine the degree of competition in the polyester staple fiber market. The report comprises a qualitative write-up on market attractiveness analysis, wherein applications and countries have been analyzed based on attractiveness for each region. Growth rate, market size, raw material availability, profit margin, impact strength, technology, competition, and other factors (such as environmental and legal) have been evaluated in order to derive the general attractiveness of the market. The report comprises price trend analysis for polyester staple fiber between 2017 and 2025.
Global Polyester Staple Fiber Market: Segmentation
The study provides a comprehensive view of the polyester staple fiber market by dividing it on the basis of end-use and geography segments. The polyester staple fiber market has been segmented into apparels, automotive, home furnishing, filtration, construction, personal care & hygiene and others based on application. Applications segment have been analyzed based on historic, present, and future trends.
Regional segmentation includes the current and forecast demand for polyester staple fiber in North America, Europe, Asia Pacific, Latin America, and Middle East & Africa (MEA). Additionally, the report comprises country-level analysis in terms of volume and revenue for application segments. Key countries such as the U.S., Canada, Germany, France, the U.K., Spain, Italy, India, China, Japan, South Africa, Mexico, and Brazil have been included in the study. Market segmentation includes demand for individual applications in all the regions and countries.
Market volume of PSF in US 2025
Global Polyester Staple Fiber Market: Competitive Analysis
The report covers detailed competitive outlook that includes market share and profiles of key players operating in the global market. Key players profiled in the report includes Alpek S.A.B. de C.V., Indorama Ventures Public Company Limited, Toray Industries, Inc., China Petroleum & Chemical Corporation, Reliance Industries Limited, W. Barnet GmbH & Co. KG, Far Eastern New Century Corporation, Tongkun Group Zhejiang Hengsheng Chemical Fiber Co., Ltd., Zhejiang Hengyi Group Company Ltd., Jiangsu Sanfangxiang Group, ICI Pakistan Limited, XINDA Corp, Komal Fibres, Bombay Dyeing, Nirmal Fibres (P) Ltd., and Ganesha Ecosphere. Company profiles include attributes such as company overview, number of employees, brand overview, key competitors, business overview, business strategies, recent/key developments, acquisitions, and financial overview (wherever applicable).
Secondary research sources that were typically referred to include, but were not limited to company websites, financial reports, annual reports, investor presentations, broker reports, and SEC filings. Other sources such as internal and external proprietary databases, statistical databases and market reports, news articles, national government documents, and webcasts specific to companies operating in the market have also been referred for the report.
In-depth interviews and discussions with a wide range of key opinion leaders and industry participants were conducted to compile this research report. Primary research represents the bulk of research efforts, supplemented by extensive secondary research. Key players’ product literature, annual reports, press releases, and relevant documents were reviewed for competitive analysis and market understanding. This helped in validating and strengthening secondary research findings. Primary research further helped in developing the analysis team’s expertise and market understanding.
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Polyester Staple Fibre (PSF) has emerged as the fastest-growing fibre amongst all types of manufactured fibres. Polyesters are made by polymerisation of Purified Terephthalic Acid (PTA) and Mono Ethylene Glycol (MEG). The global PSF market is expected to reach $39.3 billion by 2025, growing at a compound annual growth rate of 6.3%, according to a new report from Research and Markets.
The report, “Polyester Staple Fiber Market Analysis 2014 – 2025,” provides qualitative and quantitative analysis for the period of 2015 to 2023. The report predicts the global unsaturated polyester resins (UPR) market to grow with a CAGR of 4.7% over the period of 2017-2023. The study covers the analysis of the leading geographies such as North America, Europe, Asia-Pacific, and RoW for the period of 2015 to 2023.
According to the report, Asia Pacific dominated the global market in 2016, followed by Europe, while emerging economies such as China, India and Brazil are forecast to lead their respective regional markets over the forecast period, the report said.
In terms of product, solid PSF emerged as the largest segment in 2016. Increasing popularity of sustainable man-made fibers coupled with reducing consumption of cotton in the textile industry is likely to drive the market over the forecast period, the report said.
In terms of revenue, virgin polyester staple fiber was the largest origin market segment in 2016 and is estimated to generate a revenue of about $16.45 billion by 2025. Recycle PSF is estimated to see promising market growth over the forecast period thanks to rising environmental consciousness across the globe.
The report said, Asia Pacific polyester fiber market is projected to grow 6.7% by 2025. Key market players in the region include Toray Chemical Korea Inc., W. Barnet Gmbh & Co., Alpek S.A.B. de C.V., Reliance Industries Limited, Huvis Corp., Indorama Corp., Xinda Corp., China National Petroleum Corp., Bombay Dyeing, Petrovietnam Petrochemical and Textile Fiber Joint Stock Co. (To buy VNFIBER Polyester Staple Fiber, please click here)
According to the report, these companies are attempting to increase their market share and expand their global presence through strategic initiatives such as expansions, investments, acquisitions and new product developments.
A rise in the global consumption of sustainable textiles has been a major factor driving market growth, in the polyester sector. PSF is widely used in spinning, weaving non-woven. The report noted that polyester staple fiber is lightweight, wrinkle-free, and resistant to light and weather. It also has an ability to withstand extreme climatic conditions and is used as a key element in various end-use sectors, including apparel, home furnishing, construction, and automotive, which is expected to drive market growth over the forecast period.
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