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Global Polyester Staple Fiber Market – Industry Trends and Forecast to 2031

Chemical and Materials

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Global Polyester Staple Fiber Market – Industry Trends and Forecast to 2031

  • Chemical and Materials
  • Upcoming Report
  • Jun 2024
  • Global
  • 350 Pages
  • No of Tables: 220
  • No of Figures: 60

Global Polyester Staple Fiber Market – Industry Trends and Forecast to 2031

Market Size in USD Billion

CAGR :  % Diagram

Diagram Forecast Period 2023–2031
Diagram Market Size (Base Year) USD 32.60 USD Billion
Diagram Market Size (Forecast Year) USD 44.96 USD Billion
Diagram CAGR %

Major Markets Players

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Global Polyester Staple Fiber Market By Type (Polyester Filament Yarn (PFY) and Polyester Staple Fiber (PSF)), Material (Polyethylene terephthalate (PET) Polyester and PCDT Polyester), Form (Solid and Hollow), Application  (Automotive, Home Furnishing, Textile, Filtration, Construction, and Others) - Industry Trends and Forecast to 2031.

Polyester Staple Fiber Market

Polyester Staple Fiber Market Analysis and Size

The polyester staple Fiber market is driven by the healthy growth of the textile and apparel industry universal, powered by cumulative demand for multipurpose, durable, and cost-effective Fiber s. As the global population expands and consumer spending on clothing rises, polyester staple fibers are expected to experience heightened demand.

In addition, the market faces stiff competition from natural Fibers, including cotton and wool, which are perceived as more sustainable alternatives, posing a challenge to polyester staple Fiber growth. However, the market is propelled by the expanding applications of polyester staple fibers in nonwoven fabrics, catering to diverse sectors such as healthcare, construction, and automotive. Despite this, opportunities arise from an increasing focus on sustainability and recycling, where manufacturers can capitalize on the rising demand for eco-friendly fibers and products alongside emerging markets and industrial applications that drive further expansion.

Data Bridge Market Research analyses that the global polyester staple fiber market was valued at USD 32.60 billion in 2023 is expected to reach the value of USD 44.96 billion by 2031, at a CAGR of 4.1 % during the forecast period of 2024 to 2031. The Polyester Staple Fiber (PSF) segment is dominating the global market due to its extensive usage across diverse applications such as textiles, home furnishings, and filtration, driven by its versatility, durability, and cost-effectiveness compared to other materials. Additionally, the solid form of PSF holds a significant share owing to its suitability for various manufacturing processes and applications, further solidifying its dominance in the market.

In addition to the insights on market scenarios such as market value, growth rate, segmentation, geographical coverage, and major players, the market reports curated by the Data Bridge Market Research also include in-depth expert analysis, geographically represented company-wise production and capacity, network layouts of distributors and partners, detailed and updated price trend analysis and deficit analysis of supply chain and demand.

Report Scope and Market Segmentation

Report Metric

Details

Forecast Period

2024 to 2031

Base Year

2023

Historic Years

2022 (Customizable to 2016-2021)

Quantitative Units

Revenue in USD Billion, Volumes in Units, Pricing in USD

Segments Covered

Type (Polyester Filament Yarn (PFY) and Polyester Staple Fiber (PSF)), Material (Polyethylene terephthalate (PET), Polyester and PCDT Polyester), Form (Solid and Hollow), Application (Automotive, Home Furnishing, Textile, Filtration, Construction, and Others)

Countries Covered

U.S., Canada, Mexico, Germany, Sweden, Poland, Denmark, Italy, U.K., France, Spain, Netherlands, Belgium, Switzerland, Turkey, Russia, Rest of Europe, Japan, China, India, South Korea, New Zealand, Vietnam, Australia, Singapore, Malaysia, Thailand, Indonesia, Philippines, Rest of Asia-Pacific, Brazil, Argentina, Rest of South America, UAE, Saudi Arabia, Oman, Qatar, Kuwait, South Africa, and Rest of Middle East and Africa

Market Players Covered

Georg Fischer AG (Switzerland), Fusion Group Limited (U.K.), Plasson Ltd. (Israel), Radius Systems Ltd. (U.K.), Ritmo S.p.A. (Italy), Agru Kunststofftechnik GmbH (Austria), PLASSON USA (U.S.), GPS PE Pipe Systems (U.K.), Friatec AG - Division Rheinhuette Pumpen (Germany), McElroy Manufacturing, Inc. (U.S.), Astore Keymak (South Africa), Georg Fischer Piping Systems Ltd. (Switzerland), Tessenderlo Group NV (Belgium), Rehau AG + Co (Germany), and Advanced Piping Systems (Australia)

Market Opportunities

Increasing Focus on sustainability and recycling, emerging markets and industrial applications

Market Definition

The polyester stable Fiber market refers to the segment of the global Fiber industry dedicated to the production, distribution, and utilization of polyester Fiber s that possess stable properties, such as resistance to stretching, shrinking, or wrinkling, over time and under various conditions. Polyester stable Fiber s are man-made through polymerization of polyester resins, tracked by rotating and dispensation into stable Fiber forms. The market includes various types of polyester stable Fiber s, including staple Fiber s and thread yarns, obtainable in a range of deniers, lengths, and finishes to meet diverse end-user supplies.

Polyester Staple Fiber Market Dynamics

Drivers

  • Growing Demand for Textile and Apparel Industry

The global textile and vestment industry's solid enlargement is the principal driver of the polyester staple Fiber market. Because of their cost-effectiveness, durability, and compliance, polyester staple Fibers are widely utilised in the industrial of textiles, clothes, and fabrics. It is anticipated that demand for polyester staple Fibers would expand in tandem with the world's population growth and rising consumer expenditure on apparel. Polyester staple Fibers are in high demand in the textile and clothing industries due to the rapid fashion trend and the use of polyester as a sustainable substitute for natural Fibers.

  • Expanding Applications in Nonwoven Fabrics

The use of polyester staple Fibers in the manufacturing of nonwoven fabrics for filtration media, car interiors, hygiene goods, and geotextiles is growing. Polyester staple Fibers are perfect for nonwoven applications because of their performance qualities and adaptability, which include strength, durability, and chemical resistance. The essential for nonwoven textiles in subdivisions like healthcare, construction, and automotive is likely to drive substantial growth in the polyester staple Fiber market.

Opportunities

  • Increasing Focus on Sustainability and Recycling

By using defensible practices and reutilizing machinery, the polyester staple Fiber market offers views for enlargement. Ultimatum for eco-friendly materials and goods is rising as environmental rules and concerns become more pressing. A viable way to lessen the environmental effect of textile production is to make polyester staple Fibers from post-consumer waste and recycled PET bottles. To take advantage of this trend and obtain a competitive advantage in the market, manufacturers should invest in recycling technology and encourage the usage of recycled polyester staple Fibers.

  • Emerging Markets and Industrial Applications

The market for polyester staple Fiber has a potential due to emerging markets in Latin America, Africa, and Asia Pacific. In these areas, there is a growing need for polyester staple Fibers for use in textiles, building materials, and automobile components due to rapid urbanization, rising disposable incomes, and increased industry. Furthermore, a variety of industrial applications, such as reinforcing materials, composites, and insulation, can benefit from the adaptability of polyester staple Fibers, creating new opportunities for manufacturers to expand their business.

Restraints/Challenges

  • Competition from Natural Fibers

Natural Fibers such as cotton, wool, and silk are seen to be more ecologically benign and sustainable than polyester. Thus, they compete fiercely for market share in the staple Fiber segment. Consumers and brands' growing preference for natural and organic materials over synthetic fibers is a hurdle to the expansion of the polyester staple fiber industry. Producersare being encouraged to investigate maintainable replacements and enhance the eco-friendliness of polyester staple Fibers due to concerns over microplastic contamination and the ecological effect of polyester manufacture.

  • Volatility in Raw Material Prices

For manufacturers, fluctuations in the price of crude oil present a major problem since they have a direct effect on the cost of the raw materials needed to produce polyester staple Fiber. The main source of polyester staple Filaments is polyethylene terephthalate (PET) resin, which is based on petroleum, hence instabilities in oil prices might affect them. Producers may find it difficult to remain reasonable in the market if there is impulsiveness in the prices of raw materials, since this can impact their profit margins, rates, and production costs. It is possible to lessen the impact of changes in raw material prices on the polyester staple Fiber market by using efficient risk management measures and diversifying sourcing choices. .

This market report provides details of new recent developments, trade regulations, import-export analysis, production analysis, value chain optimization, market share, impact of domestic and localized market players, analyses opportunities in terms of emerging revenue pockets, changes in market regulations, strategic market growth analysis, market size, category market growths, application niches and dominance, product approvals, product launches, geographic expansions, technological innovations in the market. To gain more info on the Dumbbells Market market contact Data Bridge Market Research for an Analyst Brief, our team will help you take an informed market decision to achieve market growth.

Recent Development

  • In February 2024, Indorama Ventures said that it has acquired a prominent European manufacturer of polyester staple Fiber through strategic means. Indorama Ventures' position as a global leader in the industry is strengthened by this purchase, which increases its market share in the polyester staple Fiber sector. The move is in line with the company's expansion plan, which aims to expand its geographic reach and product selection to better serve clients in Europe and beyond. The aforementioned achievement demonstrates Indorama Ventures' dedication to promoting innovation and expansion within the polyester staple Fiber industry

Polyester Staple Fiber Market Scope

The market is segmented into product type, material, form, and application. The growth amongst these segments will help you analyze meagre growth segments in the industries and provide the users with a valuable market overview and market insights to help them make strategic decisions for identifying core market applications.

Product Type  

  • Polyester Filament Yarn (PFY)
  • Polyester Staple Fiber (PSF)

Material          

  • Polyethylene terephthalate (PET) Polyester
  • PCDT Polyester

Form   

  • Solid
  • Hollow

Application     

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

 Polyester Staple Fiber Market Regional Analysis/Insights

The market is analyzed and market size insights and trends are provided product type, material, form, and application as referenced above.

The countries covered in the market report are U.S., Canada, Mexico, Germany, Sweden, Poland, Denmark, Italy, U.K., France, Spain, Netherlands, Belgium, Switzerland, Turkey, Russia, Rest of Europe, Japan, China, India, South Korea, New Zealand, Vietnam, Australia, Singapore, Malaysia, Thailand, Indonesia, Philippines, Rest of Asia-Pacific, Brazil, Argentina, Rest of South America, U.A.E., Saudi Arabia, Oman, Qatar, Kuwait, South Africa, and Rest of Middle East and Africa.

Asia Pacific is expected to dominate the market, due to its status as a manufacturing hub with cost advantages, benefiting from abundant raw materials and lower labor costs, while also experiencing robust growth in its textile industry driven by rapid industrialization and urbanization, cementing its position as a key player in the market.

The country section of the report also provides individual market impacting factors and changes in market regulation that impact the current and future trends of the market. Data points such as down-stream and upstream value chain analysis, technical trends and porter's five forces analysis, case studies are some of the pointers used to forecast the market scenario for individual countries. Also, the presence and availability of global brands and their challenges faced due to large or scarce competition from local and domestic brands, impact of domestic tariffs and trade routes are considered while providing forecast analysis of the country data.   

Competitive Landscape and Polyester Staple Fiber Market Share Analysis

The market competitive landscape provides details by competitor. Details included are company overview, company financials, revenue generated, market potential, investment in research and development, new market initiatives, global presence, production sites and facilities, production capacities, company strengths and weaknesses, product launch, product width and breadth, application dominance. The above data points provided are only related to the companies' focus related to the market.

Some of the major players operating in the market are:

  • Alpek S.A.B. de C.V. (Mexico)
  • Indorama Ventures (Thailand)
  • Toray Industries, Inc. (Japan)
  • China Petroleum & Chemical Corporation (Sinopec) (China)
  • Reliance Industries Limited (India)
  • Barnet Europe W. Barnet GmbH & Co. KG (Germany)
  • Far Eastern New Century (Taiwan)
  • Tongkun Group Zhejiang Heng Sheng Chemical Fiber Co., Ltd. (China)
  • Zhejiang Hengyi Group (China)
  • Jiangsu Sanfangxiang Group Co., Ltd. (China)
  • Lucky Core Industries (India)
  • XINDA Corp (China)
  • Komal Fibers (India)
  • Bombay Dyeing (India)
  • Nirmal Fibers (P) Ltd. (India)
  • Ganesha Ecosphere (India)


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Research Methodology:

Data collection and base year analysis are done using data collection modules with large sample sizes. The stage includes obtaining market information or related data through various sources and strategies. It includes examining and planning all the data acquired from the past in advance. It likewise envelops the examination of information inconsistencies seen across different information sources. The market data is analysed and estimated using market statistical and coherent models. Also, market share analysis and key trend analysis are the major success factors in the market report. To know more, please request an analyst call or drop down your inquiry.

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FREQUENTLY ASK QUESTIONS

The Polyester Staple Fiber Market size will be worth USD 44.96 billion by 2031.
The Polyester Staple Fiber Market growth rate will be 4.1% by 2031.
Expanding Applications in Nonwoven Fabrics, Growing Demand for Textile and Apparel Industry are the growth drivers of the Polyester Staple Fiber Market.
The product type, material, form, and application are the factors on which the Polyester Staple Fiber Market research is based.
The major companies in the Polyester Staple Fiber Market are Georg Fischer AG (Switzerland), Fusion Group Limited (U.K.), Plasson Ltd. (Israel), Radius Systems Ltd. (U.K.), Ritmo S.p.A. (Italy), Agru Kunststofftechnik GmbH (Austria), PLASSON USA (U.S.), GPS PE Pipe Systems (U.K.), Friatec AG - Division Rheinhuette Pumpen (Germany), McElroy Manufacturing, Inc. (U.S.), Astore Keymak (South Africa), Georg Fischer Piping Systems Ltd. (Switzerland), Tessenderlo Group NV (Belgium), Rehau AG + Co (Germany), and Advanced Piping Systems (Australia).
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