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  • Polyester Staple Fiber Market Analysis | 2023-2028

    Polyester Staple Fiber Market Analysis | 2023-2028

    Polyester Staple Fiber Market Analysis | 2023-2028
    Report code - SR2012 Delivery - 2 Weeks
    Polyester Staple Fiber Market Size, Share, Trend, Forecast, Competitive Analysis, and Grow See more...

    Market Insights

    The Polyester Staple Fiber Market is expected to grow from USD 24.51 billion in 2022 to USD 31.24 billion by 2028 at a CAGR of 4.11% during the forecast period.

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    What is Polyester Staple Fiber?

    Polyester Staple Fiber or PSF has similar properties as polyester fiber, and it is manufactured directly from MEG or PET chips and PTA or recycled PET. Polyester Staple Fiber is commonly used in spinning and nonwoven weaving.

    Market Dynamics

    Polyester Staple Fiber is an important component of the rapidly growing global textile industry. PSF is highly versatile and offers a range of properties that complement its demand in different applications.

    Polyester Staple Fiber Market Report Overview

    Market Size in 2028

    USD 31.24 billion

    Market Size in 2022

    USD 24.51 billion

    Market Growth (2023-2028)

    4.11% CAGR

    Base Year of Study

    2022

    Trend Period

    2017-2021

    Forecast Period

    2023-2028

     

    Covid-19 Impact

    With the sudden outbreak of the pandemic, the polyester staple fiber market was debilitated. The majority of its end-use industries experienced supply chain disruption, cash flow constraints, and production facility shutdowns. As a result, the demand for polyester staple fiber plummeted. However, the rising demand for the product from the textile and home furnishing industries is expected to drive the market recovery and growth in the coming years. In addition, the awareness regarding recycled polyester staple fiber is increasing due to growing environmental concerns.

    Segments Analysis

    This report studies the market covering a period of 12 years of trend and forecast. The report provides detailed insights into the market dynamics to enable informed business decision-making and growth strategy formulation based on the opportunities present in the market.

    The market is segmented into the following categories-

    By Product Type

    • Solid 
    • Hollow 

    By Origin Type

    • Virgin 
    • Blended 
    • Recycled 

    By Application Type

    • Textile 
    • Home Furnishing 
    • Automotive 
    • Filtration 
    • Construction 
    • Others 

    By Region

    • North America 
    • Europe 
    • Asia-Pacific 
    • Rest of the World

    By Product Type

    The market is bifurcated into solid and hollow. Solid polyester staple fiber is expected to be the larger segment during the forecast period. This growth is attributable to the rapidly growing textile industry in emerging economies. The hollow polyester staple fiber segment, on the other hand, is expected to register significant growth over the forecast period. It is popularly employed in the construction industry for diverse applications.

    By Origin Type

    The market is segmented as virgin, blended, and recycled. Among these origin types, the virgin fiber segment is expected to capture the major share of the polyester staple fiber market during the forecast period. Virgin fiber is comparatively more expensive and hygienic than other types of polyester staple fiber derived from various origins. The fiber consists of PTA & MEG or PET chips and given its premium quality, has a wide range of usage in textile and home furnishing applications.

    Regional Analysis

    In terms of regions, Asia-Pacific is expected to remain the largest market for polyester staple fiber over the forecast period. The growth is attributable to the increase in demand for the product from various applications in apparel, automotive, and home furnishing from countries such as China, India, and South Korea, paired with increasing population, changing lifestyles, economic growth, and rising per capita income. Also, North America and Europe are expected to register significant growth during the forecast period, owing to the growing pharmaceutical, FMCG, and automotive industries in these regions.

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    Key Players

    Most companies are deploying various strategies regarding product development & differentiation, pricing, branding, technology, and customized products to gain a competitive advantage. The following are some of the key players in the polyester staple fiber market:

    • Toray Industries, Inc.
    • Alpek S.A.B. de C.V.
    • Reliance Industries Limited
    • Bombay Dyeing
    • Barnet Europe W. Barnet GmbH & Co. KG

    Research Methodology

    This strategic assessment report, from Stratview Research, provides a comprehensive analysis that reflects today’s polyester staple fiber market realities and future market possibilities for the forecast period of 2023 to 2028. The report segments and analyzes the market in the most detailed manner in order to provide a panoramic view of the market. The vital data/information provided in the report can play a crucial role for the market participants as well as investors in the identification of the low-hanging fruits available in the market as well as to formulate the growth strategies to expedite their growth process.

    This report offers high-quality insights and is the outcome of a detailed research methodology comprising extensive secondary research, rigorous primary interviews with industry stakeholders, and validation and triangulation with Stratview Research’s internal database and statistical tools. More than 1,000 authenticated secondary sources, such as company annual reports, fact books, press releases, journals, investor presentations, white papers, patents, and articles, have been leveraged to gather the data. We conducted more than 15 detailed primary interviews with the market players across the value chain in all four regions and industry experts to obtain both qualitative and quantitative insights.

    Report Features

    This report provides market intelligence most comprehensively. The report structure has been kept such that it offers maximum business value. It provides critical insights into the market dynamics and will enable strategic decision-making for the existing market players as well as those willing to enter the market.

    What Deliverables Will You Get in this Report?

    Key questions this report answers

    Relevant contents in the report

    How big is the sales opportunity?

    In-depth analysis of the Polyester Staple Fiber Market

    How lucrative is the future?

    Market forecast and trend data and emerging trends

    Which regions offer the best sales opportunities?

    Global, regional, and country level historical data and forecasts

    Which are the most attractive market segments?

    Market segment analysis and forecast

    Which are the top players and their market positioning?

    Competitive landscape analysis, Market share analysis

    How complex is the business environment?

    Porter’s five forces analysis, PEST analysis, Life cycle analysis

    What are the factors affecting the market?

    Drivers & challenges

    Will I get the information on my specific requirement?

    10% free customization

    Report Customization Options

    With this detailed report, Stratview Research offers one of the following free customization options to our respectable clients:

    Company Profiling

    • Detailed profiling of additional market players (up to three players)
    • SWOT analysis of key players (up to three players)

    Competitive Benchmarking

    • Benchmarking of key players on the following parameters: product portfolio, geographical reach, regional presence, and strategic alliances

    Custom Research: Stratview Research offers custom research services across the sectors. In case of any custom research requirement related to market assessment, competitive benchmarking, sourcing and procurement, target screening, and others, please send your inquiry to sales@stratviewresearch.com

    Frequently Asked Questions (FAQs)

    The polyester staple fiber market is estimated to grow at a healthy CAGR of 4.11% over the next five years.

    The polyester staple fiber market is likely to reach US$ 31.24 billion in 2028.

    Factors such as the growing demand for PSF in the textile and home furnishing industries and rising awareness regarding recycled PSF are expected to drive the growth of the market in the coming five years.

    Asia-Pacific is estimated to be dominant in the polyester staple fiber market in the coming years. Increasing demand for the product from various applications in apparel, automotive, and home furnishing in China, India, and South Korea, is expected to drive the overall regions market dynamics.

    Asia-Pacific is estimated to grow at the fastest pace in the coming years. This growth can be attributed to the growing population, changing lifestyles, economic growth, and rising per capita income in the region.

    The textile application segment is likely to maintain its dominance in the market in the next five years, owing to the evolving textile technology and PSF gaining traction over cotton.

    Toray Industries, Inc., Alpek S.A.B. de C.V., Reliance Industries Limited, Bombay Dyeing, Barnet Europe W. Barnet GmbH & Co. KG, Diyou Fibre (M) Sdn. Bhd., Far Eastern Group, Huvis, Indorama Ventures, and Tongkun Group Co., Ltd. are some of the key players in the market.

    The market is studied from 2017-2028.