According to the latest report by IMARC Group, titled “Polyester Staple Fiber Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2022-2027”, the global market reached a value of US$ 22 Billion in 2021. Polyester staple fiber (PSF) is a versatile, man-made fiber that is manufactured or recycled from mono ethylene glycol (MEG) or polyethylene terephthalate (PET) chips. It is lightweight, resistant to light, and is available in a wide variety of colors with different cut lengths. In addition, it also resists extreme temperatures and exhibits strong resilience. It is also used in spinning yarns that are knitted into non-woven fabrics. As a result, they are employed to produce premium pillows, quilts, sofa, cushions, mattresses, soft toys, and jackets.
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The global polyester staple fiber market is primarily driven by its growing use as a substitute for cotton in the textile industry. PSFs are cheaper, thinner, and available in various colors compared to cotton. Consequently, they are increasingly used to make sportswear, activewear, and intimate wear, propelling the growth of the market. Besides this, the rising awareness regarding environmental and plastic pollution has led to the increased demand for recycled PSF. Due to this, consumers are adopting sustainable textiles that are obtained from recyclable materials. Furthermore, the increasing disposable incomes, and rising trend of sustainable and fast fashion, and increasing production of light commercial vehicles are providing positive growth to the market across the globe. Looking forward, IMARC Group expects the market to reach US$ 29 Billion by 2027, exhibiting at a CAGR of 4.95% during 2022-2027.
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As the novel coronavirus (COVID-19) crisis takes over the world, we are continuously tracking the changes in the markets, as well as the industry behaviors of the consumers globally and our estimates about the latest market trends and forecasts are being done after considering the impact of this pandemic.
Competitive Landscape with Key Players:
- Alpek S.A.B. de C.V. (Alfa S.A.B. de C.V.)
- Bombay Dyeing
- China Petroleum Corporation (Sinopec Group)
- Diyou Fibre (M) Sdn Bhd
- Far Eastern New Century Corporation
- Huvis Corporation
- Indorama Corporation
- Reliance Industries Limited
- Shubhalakshmi Polyester Ltd
- Toray Industries Inc.
- XINDA Corp
Key Highlights of the Market Segmentation:
Breakup by Origin:
Breakup by Product:
Breakup by Application:
Breakup by Region:
- North America
- Latin America
- Middle East and Africa
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Key highlights of the report:
- Market Performance (2016-2021)
- Market Outlook (2022-2027)
- Market Trends
- Market Drivers and Success Factors
- Impact of COVID-19
- Value Chain Analysis
- Comprehensive mapping of the competitive landscape
If you need specific information that is not currently within the scope of the report, we will provide it to you as a part of the customization.
Related Reports by IMARC Group:
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UAE PVC Pipes Market: https://www.imarcgroup.com/uae-pvc-pipes-market
Saudi Arabia PE Pipes Market: https://www.imarcgroup.com/saudi-arabia-pe-pipes-market
Saudi Arabia PPR Pipes Market: https://www.imarcgroup.com/saudi-arabia-ppr-pipes-market
IMARC Group is a leading market research company that offers management strategy and market research worldwide. We partner with clients in all sectors and regions to identify their highest-value opportunities, address their most critical challenges, and transform their businesses.
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