Global Polyester Staple Fiber Market Analysis, Drivers, Restraints, Opportunities, Threats, Trends, Applications, and Growth Forecast to 2027

Global Polyester Staple Fiber Market Overview:

“The global Polyester Staple Fiber Market size is expected to be worth around US$ xx Billion by 2021 from US$ X.xx million in 2031, growing at a CAGR of X.x% during the forecast period 2021 to 2031.”

This report is based on synthesis, analysis, and interpretation of information gathered regarding the target market from various sources. Our analysts have analyzed the information and data and gained insights using a mix of primary and secondary research efforts with the primary objective to provide a holistic view of the market. In addition, an in-house study has been made of the global economic conditions and other economic indicators and factors to assess their respective impact on the market historically, as well as the current impact in order to make informed forecasts about the scenarios in future.

Polyester staple fibers are synthetic compound used in textile, automotive, and furniture industries. It is produced by polymerization of purified terephthalic acid (PTA) and mono ethylene glycol (MEG).

Increasing demand for polyester staple fiber from textile industry is a major factor driving growth of the global polyester staple fiber market. In addition, increasing adoption of polyester staple fiber for home furnishing, filtration, and automotive interiors is another factor fueling growth of the global market. Moreover, increasing demand for recycled polyester staple fiber is another factor expected to propel growth of the global market to a certain extent over the forecast period.

However, stringent regulations by government on dumping of purified terephthalic acid (PTA), which is a raw material used for producing polyester staple fiber, is a major factor restraining growth of the global polyester staple fiber market.

Asia Pacific polyester staple fiber market accounts for highest share in terms of revenue in the global polyester staple fiber market and is expected to maintain its dominance over the forecast. The North America market is anticipated to witness significant growth in the global polyester staple fiber market over the forecast period.

The Europe polyester staple fiber market is expected to witness moderate growth and is expected to register a CAGR of X.X% over the forecast period, followed by Latin America and Middle East and Africa market.

Global Polyester Staple Fiber market segmentation:

Segmentation on the basis of product type:

• Solid
• Hollow

Segmentation on the basis of origin:

• Virgin
• Recycled
• Blended

Segmentation on the basis of application:

• Automotive
• Apparel
• Home furnishing
• Filtration
• Others (construction, and personal care)

Segmentation on the basis of region:

• North America
• Europe
• Asia Pacific
• Latin America
• Middle East & Africa