
Global Polyester Staple Fiber Market Analysis, Drivers, Restraints, Opportunities, Threats, Trends, Applications, and Growth Forecast to 2027
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Feb 2022
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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
Attribute Report Details Market Size Ask For Market Size Growth Rate Ask For Growth Rate Key Companies Ask For Companies Report Coverage Revenue analysis, Competitive landscape, Key company analysis, Market Trends, Key segments, Distribution Channel, Market Dynamics, COVID-19 Impact Analysis and more… Historical Data Period 2015-2020 Base Year 2022 Forecast Period 2022-2031 Region Scope North America, Europe, Asia-Pacific, South America, Middle East & Africa Country Scope United States, Canada and Mexico, Germany, France, UK, Russia and Italy, China, Japan, Korea, India and Southeast Asia, Brazil, Argentina, Colombia etc.Saudi Arabia, UAE, Egypt, Nigeria and South Africa Revenue in US$ Mn -
- China Petroleum & Chemical Corporation
- Barnet GmbH & Co. KG
- Indorama Ventures Public Company Limited
- Alpek S.A.B. de C.V.
- Diyou Fibre (M) Sdn. Bhd.
- Huvis Corporation
- Reliance Industries Ltd.
- Toray Industries Inc.
- Xinda Corp.
- Bombay Dyeing
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