Polyester Staple Fiber Market
Global Polyester Staple Fiber Market Size, Share & Trends Analysis Report By Origin (Virgin, Recycled, and Blended) By Product (Solid, Hollow, and Others) By Application (Apparel, Automotive, Home Furnishing, Filtration, Personal Care & Hygiene, and Electrical & Electronics) Forecast 2021-2027 Update Available - Forecast 2024-2030
The global polyester staple fiber (PSF) market is anticipated to grow at a CAGR during the forecast period (2021-2027). Polyester is the most economical and quality fiber used in textiles, and other end-user industries. Polymer is obtained by polymerization of purified terephthalic acid (PTA) and monoethylene glycol (MEG). PSF can be blended with natural fibers like cotton and wool, and synthetic fibers like rayon to manufacture polyester blended yarns. The increasing demand for PSF from end-user verticals such as automotive, apparel, home furnishing, filtration, and others, is the major factor driving the growth of the market. In addition, PSF possesses numerous properties such as high strength, heat resistance, elasticity, wrinkle resistance, abrasion resistance, long durability, among others, owing to these properties, they are largely adopted in apparel, textiles, and automotive, and home furnishing industries.
Furthermore, growing concern regarding the environment, and availability of cost-effective PSF coupled with different varieties, patterns, and colors as compared to that of cotton, which has increased the utilization of PSF in the market due to which market is showing impressive growth. However, high expenditure requirements on R&D activities related to PSF may hamper the market growth.
Impact of COVID-19 on Global Polyester Staple Fiber Market
The polyester staple fiber market has registered a decline in growth due to the COVID-19 pandemic. Due to lockdown imposed by the government of major economies, automotive, home furnishing, textile industries have faced significant loss in revenue generation. These industries got hampered in different regions due to the availability of inputs such as fabric, yarns, and others. On the other hand, the demand for PSF from the healthcare sector has surged during the pandemic. The pandemic has led to increased demand for technical textiles in the form of PPE suits and mask. Indian textile industry was less impacted by the outbreak of the COVID-19 pandemic. As per the Indian Brand Equity Foundation, In July 2021, exports of cotton yarn/fabrics/made-ups, handloom products, etc., from India increased by 50.86% in June 2021 over June 2019.
Segmental Outlook
The global polyester staple fiber market is segmented based on origin, product, and application. Based on origin, the market is trifurcated into virgin, recycled, and blended. Based on product, the market is again trifurcated into solid, hollow, and others. Among these, hollow polyester staple fiber is projected to grow at a significant growth rate owing to the increasing demand from the textile industry for designing thermal underwear, warm winter casual wear, and sportswear. Whereas based on application, the market is categorized into apparel, automotive, home furnishing, filtration, personal care & hygiene, and electrical & electronics.
Global Polyester Staple Fiber Market Share by Application, 2020 (%)
The Apparel is Emerge as a Fastest Growing Segment in Global Polyester Staple Fiber Market
Among applications of the polyester staple fiber (PSF), the apparel segment held the highest share in the market in 2020, and it is expected to emerge as the fastest-growing segment owing to the rising apparel and textile industry. These fibers have extensive properties such as lightweight, wear resistance, good hygroscopicity, cost-effectiveness, and softness, which makes them ideal for the manufacturing of apparel. The increasing demand for apparel from end-user verticals such as healthcare, fashion, automotive, among others is the prominent factor driving the market growth.
Regional Outlook
Geographically, the global Polyester Staple Fiber market is classified into four major regions including North America (the US and Canada), Europe (UK, Germany, France, Italy, Spain, and Rest of Europe), Asia-Pacific (India, China, Japan, South Korea, ASEAN, and Rest of Asia-Pacific), and Rest of the World (Latin America and the Middle East and Africa (MEA)). North America is projected to notable growth in the market during the forecast period. The factors such as increasing awareness in consumers regarding staple fibers, the presence of significant players such as Microsoft and Google, and increasing R&D expenditure are the major factors accelerating the demand for market growth in the region.
Global Polyester Staple Fiber Market Growth, By Region 2021-2027
Asia-Pacific is anticipated to be the Fastest-Growing Region in Global Polyester Staple Fiber (PSF) Market
Geographically, Asia-Pacific is anticipated to grow at the fastest CAGR in the market during the forecast period. China, India, Japan are the major economies contributing significantly to the market growth. Growth in economic condition, increasing demand for PSF in numerous applications such as apparel, automotive, home furnishing, filtration, personal care & hygiene, and electrical & electronics, and growing textile and apparel manufacturing industry owing to the increased population are the prominent factors acting as a catalyst to the market growth. For instance, according to India Brand Equity Foundation, India’s textile and apparel exports stood at $38.70 billion in FY19 and are expected to increase to $82.00 billion by 2021 from $22.95 billion in FY20. This led to the more production of polyester staple fibers in the country. Moreover, the availability of polyester staple fiber in different colors, forms, and fabrics at an affordable price compared to other fibers also driving the market growth.
Market Players Outlook
The key players in the Polyester Staple Fiber market contributing significantly by providing different types of products and increasing their geographical presence across the globe. The key players of the market include Toray Chemical Korea, Inc., W. Barnet GmbH & Co. KG, Alpek, S.A.B. de C.V., Bombay Dyeing & Manufacturing Company Ltd., Reliance Industries Ltd., and others. These market players are adopting several market strategies including product launch and approvals, merger and acquisition, partnership collaboration, business, and capacity expansion, and others.
The Report Covers
- Market value data analysis of 2020 and forecast to 2027.
- Annualized market revenues ($ million) for each market segment.
- Country-wise analysis of major geographical regions.
- Key companies operating in the global Polyester Staple Fiber market. Based on the availability of data, information related to pipeline products, and relevant news is also available in the report.
- Analysis of business strategies by identifying the key market segments positioned for strong growth in the future.
- Analysis of market-entry and market expansion strategies.
- Competitive strategies by identifying ‘who-stands-where’ in the market.
1. Report Summary
• Current Industry Analysis and Growth Potential Outlook
• Impact of COVID-19 on the Global Polyester staple fiber Industry
• Recovery Scenario of Global Polyester staple fiber Industry
1.1. Research Methods and Tools
1.2. Market Breakdown
1.2.1. By Segments
1.2.2. By Geography
2. Market Overview and Insights
2.1. Scope of the Report
2.2. Analyst Insight & Current Market Trends
2.2.1. Key Findings
2.2.2. Trade Analysis
2.2.3. Porter’s Analysis
2.2.4. Recommendations
2.2.5. Conclusion
3. Competitive Landscape
3.1. Key Company Analysis
3.1.1. Overview
3.1.2. Financial Analysis
3.1.3. SWOT Analysis
3.1.4. Recent Developments
3.2. Key Strategy Analysis
3.3. Impact of COVID-19 on key players
4. Market Determinants
4.1. Motivators
4.2. Restraints
4.3. Opportunities
5. Market Segmentation
5.1. Global Polyester staple fiber Market, By Origin
5.1.1. Virgin
5.1.2. Recycled
5.1.3. Blended
5.2. Global Polyester staple fiber Market, By Product
5.2.1. Solid
5.2.2. Hollow
5.2.3. Others
5.3. Global Polyester staple fiber Market, By Application
5.3.1. Apparel
5.3.2. Automotive
5.3.3. Home Furnishing
5.3.4. Filtration
5.3.5. Personal Care & Hygiene
5.3.6. Electrical & Electronics
6. Regional Analysis
6.1. North America
6.1.1. United States
6.1.2. Canada
6.2. Europe
6.2.1. UK
6.2.2. Germany
6.2.3. Italy
6.2.4. Spain
6.2.5. France
6.2.6. Rest of Europe
6.3. Asia-Pacific
6.3.1. China
6.3.2. India
6.3.3. Japan
6.3.4. South Korea
6.3.5. Rest of Asia-Pacific
6.4. Rest of the World
6.4.1. Latin America
6.4.2. Middle East & Africa
7. Company Profiles
7.1. Alpek, S.A.B. de C.V.,
7.2. Bombay Dyeing & Manufacturing Company Ltd
7.3. China National Petroleum Corp
7.4. Diyou Fibre (M) Sdn Bhd.,
7.5. Far Eastern New Century Corp
7.6. Huvis Corp
7.7. Indorama Corp
7.8. Petrovietnam Petrochemical
7.9. Reliance Industries Ltd
7.10. Shubhalakshmi Polyester Ltd
7.11. The China National Petroleum Corp
7.12. Toray Chemical Korea, Inc.,
7.13. Toray Industries Inc
7.14. Textile Fiber Joint Stock Co
7.15. W. Barnet GmbH & Co. KG,
7.16. Xinda Corp.,
1. GLOBAL POLYESTER STAPLE FIBER MARKET RESEARCH AND ANALYSIS BY ORIGIN, 2020-2027 ($ MILLION)
2. GLOBAL VIRGIN POLYESTER STAPLE FIBER MARKET RESEARCH AND ANALYSIS BY REGION, 2020-2027 ($ MILLION)
3. GLOBAL RECYCLED POLYESTER STAPLE FIBER MARKET RESEARCH AND ANALYSIS BY REGION, 2020-2027 ($ MILLION)
4. GLOBAL BLENDED POLYESTER STAPLE FIBER MARKET RESEARCH AND ANALYSIS BY REGION, 2020-2027 ($ MILLION)
5. GLOBAL POLYESTER STAPLE FIBER MARKET RESEARCH AND ANALYSIS BY PRODUCT, 2020-2027 ($ MILLION)
6. GLOBAL SOLID POLYESTER STAPLE FIBER MARKET RESEARCH AND ANALYSIS BY REGION, 2020-2027 ($ MILLION)
7. GLOBAL HOLLOW POLYESTER STAPLE FIBER MARKET RESEARCH AND ANALYSIS BY REGION, 2020-2027 ($ MILLION)
8. GLOBAL OTHERS POLYESTER STAPLE FIBER MARKET RESEARCH AND ANALYSIS BY REGION, 2020-2027 ($ MILLION)
9. GLOBAL POLYESTER STAPLE FIBER MARKET RESEARCH AND ANALYSIS BY APPLICATION, 2020-2027 ($ MILLION)
10. GLOBAL POLYESTER STAPLE FIBER FOR FLOORING & DECKS MARKET RESEARCH AND ANALYSIS BY REGION, 2020-2027 ($ MILLION)
11. GLOBAL POLYESTER STAPLE FIBER FOR APPAREL MARKET RESEARCH AND ANALYSIS BY REGION, 2020-2027 ($ MILLION)
12. GLOBAL POLYESTER STAPLE FIBER FOR AUTOMOTIVE MARKET RESEARCH AND ANALYSIS BY REGION, 2020-2027 ($ MILLION)
13. GLOBAL POLYESTER STAPLE FIBER FOR HOME FURNISHING MARKET RESEARCH AND ANALYSIS BY REGION, 2020-2027 ($ MILLION)
14. GLOBAL POLYESTER STAPLE FIBER FOR FILTRATION MARKET RESEARCH AND ANALYSIS BY REGION, 2020-2027 ($ MILLION)
15. GLOBAL POLYESTER STAPLE FIBER FOR PERSONAL CARE & HYGIENE MARKET RESEARCH AND ANALYSIS BY REGION, 2020-2027 ($ MILLION)
16. GLOBAL POLYESTER STAPLE FIBER FOR ELECTRICAL & ELECTRONICS MARKET RESEARCH AND ANALYSIS BY REGION, 2020-2027 ($ MILLION)
17. NORTH AMERICAN POLYESTER STAPLE FIBER MARKET RESEARCH AND ANALYSIS BY COUNTRY, 2020-2027 ($ MILLION)
18. NORTH AMERICAN POLYESTER STAPLE FIBER MARKET RESEARCH AND ANALYSIS BY ORIGIN, 2020-2027 ($ MILLION)
19. NORTH AMERICAN POLYESTER STAPLE FIBER MARKET RESEARCH AND ANALYSIS BY PRODUCT, 2020-2027 ($ MILLION)
20. NORTH AMERICAN POLYESTER STAPLE FIBER MARKET RESEARCH AND ANALYSIS BY APPLICATION, 2020-2027 ($ MILLION)
21. EUROPEAN POLYESTER STAPLE FIBER MARKET RESEARCH AND ANALYSIS BY COUNTRY, 2020-2027 ($ MILLION)
22. EUROPEAN POLYESTER STAPLE FIBER MARKET RESEARCH AND ANALYSIS BY ORIGIN, 2020-2027 ($ MILLION)
23. EUROPEAN POLYESTER STAPLE FIBER MARKET RESEARCH AND ANALYSIS BY PRODUCT, 2020-2027 ($ MILLION)
24. EUROPEAN POLYESTER STAPLE FIBER MARKET RESEARCH AND ANALYSIS BY APPLICATION, 2020-2027 ($ MILLION)
25. ASIA-PACIFIC POLYESTER STAPLE FIBER MARKET RESEARCH AND ANALYSIS BY COUNTRY, 2020-2027 ($ MILLION)
26. ASIA-PACIFIC POLYESTER STAPLE FIBER MARKET RESEARCH AND ANALYSIS BY ORIGIN, 2020-2027 ($ MILLION)
27. ASIA-PACIFIC POLYESTER STAPLE FIBER MARKET RESEARCH AND ANALYSIS BY PRODUCT, 2020-2027 ($ MILLION)
28. ASIA-PACIFIC POLYESTER STAPLE FIBER MARKET RESEARCH AND ANALYSIS BY APPLICATION, 2020-2027 ($ MILLION)
29. REST OF THE WORLD POLYESTER STAPLE FIBER MARKET RESEARCH AND ANALYSIS BY COUNTRY, 2020-2027 ($ MILLION)
30. REST OF THE WORLD POLYESTER STAPLE FIBER MARKET RESEARCH AND ANALYSIS BY ORIGIN, 2020-2027 ($ MILLION)
31. REST OF THE WORLD POLYESTER STAPLE FIBER MARKET RESEARCH AND ANALYSIS BY PRODUCT, 2020-2027 ($ MILLION)
32. REST OF THE WORLD POLYESTER STAPLE FIBER MARKET RESEARCH AND ANALYSIS BY APPLICATION, 2020-2027 ($ MILLION)
1. IMPACT OF COVID-19 ON GLOBAL POLYESTER STAPLE FIBER MARKET, 2020-2027 (% MILLION)
2. IMPACT OF COVID-19 ON GLOBAL POLYESTER STAPLE FIBER MARKET BY SEGMENT, 2020-2027 (% MILLION)
3. RECOVERY OF GLOBAL POLYESTER STAPLE FIBER MARKET, 2020-2027 (%)
4. GLOBAL POLYESTER STAPLE FIBER MARKET SHARE BY ORIGIN, 2020 VS 2027 (%)
5. GLOBAL POLYESTER STAPLE FIBER MARKET SHARE BY PRODUCT, 2020 VS 2027 (%)
6. GLOBAL POLYESTER STAPLE FIBER MARKET SHARE BY APPLICATION, 2020 VS 2027 (%)
7. GLOBAL POLYESTER STAPLE FIBER MARKET SHARE BY GEOGRAPHY, 2020 VS 2027 (%)
8. GLOBAL VIRGIN POLYESTER STAPLE FIBER MARKET SHARE BY GEOGRAPHY, 2020 VS 2027 (%)
9. GLOBAL RECYCLED POLYESTER STAPLE FIBER MARKET SHARE BY GEOGRAPHY, 2020 VS 2027 (%)
10. GLOBAL BLENDED POLYESTER STAPLE FIBER MARKET SHARE BY GEOGRAPHY, 2020 VS 2027 (%)
11. GLOBAL SOLID POLYESTER STAPLE FIBER MARKET SHARE BY GEOGRAPHY, 2020 VS 2027 (%)
12. GLOBAL HOLLOW POLYESTER STAPLE FIBER MARKET SHARE BY GEOGRAPHY, 2020 VS 2027 (%)
13. GLOBAL OTHERS POLYESTER STAPLE FIBER MARKET SHARE BY GEOGRAPHY, 2020 VS 2027 (%)
14. GLOBAL POLYESTER STAPLE FIBER FOR FLOORING & DECKS MARKET SHARE BY GEOGRAPHY, 2020 VS 2027 (%)
15. GLOBAL POLYESTER STAPLE FIBER FOR APPAREL MARKET SHARE BY GEOGRAPHY, 2020 VS 2027 (%)
16. GLOBAL POLYESTER STAPLE FIBER FOR AUTOMOTIVE MARKET SHARE BY GEOGRAPHY, 2020 VS 2027 (%)
17. GLOBAL POLYESTER STAPLE FIBER FOR HOME FURNISHING MARKET SHARE BY GEOGRAPHY, 2020 VS 2027 (%)
18. GLOBAL POLYESTER STAPLE FIBER FOR FILTRATION MARKET SHARE BY GEOGRAPHY, 2020 VS 2027 (%)
19. GLOBAL POLYESTER STAPLE FIBER FOR PERSONAL CARE & HYGIENE MARKET SHARE BY GEOGRAPHY, 2020 VS 2027 (%)
20. GLOBAL POLYESTER STAPLE FIBER FOR ELECTRICAL & ELECTRONICS MARKET SHARE BY GEOGRAPHY, 2020 VS 2027 (%)
21. US POLYESTER STAPLE FIBER MARKET SIZE, 2020-2027 ($ MILLION)
22. CANADA POLYESTER STAPLE FIBER MARKET SIZE, 2020-2027 ($ MILLION)
23. UK POLYESTER STAPLE FIBER MARKET SIZE, 2020-2027 ($ MILLION)
24. FRANCE POLYESTER STAPLE FIBER MARKET SIZE, 2020-2027 ($ MILLION)
25. GERMANY POLYESTER STAPLE FIBER MARKET SIZE, 2020-2027 ($ MILLION)
26. ITALY POLYESTER STAPLE FIBER MARKET SIZE, 2020-2027 ($ MILLION)
27. SPAIN POLYESTER STAPLE FIBER MARKET SIZE, 2020-2027 ($ MILLION)
28. REST OF EUROPE POLYESTER STAPLE FIBER MARKET SIZE, 2020-2027 ($ MILLION)
29. INDIA POLYESTER STAPLE FIBER MARKET SIZE, 2020-2027 ($ MILLION)
30. CHINA POLYESTER STAPLE FIBER MARKET SIZE, 2020-2027 ($ MILLION)
31. JAPAN POLYESTER STAPLE FIBER MARKET SIZE, 2020-2027 ($ MILLION)
32. SOUTH KOREA POLYESTER STAPLE FIBER MARKET SIZE, 2020-2027 ($ MILLION)
33. REST OF ASIA-PACIFIC POLYESTER STAPLE FIBER MARKET SIZE, 2020-2027 ($ MILLION)
34. REST OF THE WORLD POLYESTER STAPLE FIBER MARKET SIZE, 2021-2027($ MILLION
