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Global Polyester Staple Fibre Market Size, Growth, Trends, Research: By Product Type: Solid, Hollow; By Origin: Virgin, Recycled, Blended; By Application: Automotive, Home Furnishing, Apparel, Filtration, Others; Regional Analysis; Market Dynamics: SWOT Analysis; Competitive Landscape: Industry Events and Developments; 2023-2028
Global Polyester Staple Fibre Market Outlook
The global polyester staple fibre market size is expected to grow in the forecast period of 2023-2028 at a CAGR of 5.90% to reach USD 44.27 billion by 2027.
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Increasing Applications of Hollow Polyester Staple Fibres in Thermal Wear Products to Augment the Market
Hollow polyester staple fibre is much lighter than ordinary fibres and can keep a body warm without any air convection. In addition to this, these types of fibres have excellent hygroscopicity, good fall, and are bright, soft and comfortable. The increasing applications of hollow polyester staple fibres in high-grade fabrics such as thermal undergarments, warm winter casual wear, and sportswear, among others, is driving the segment’s growth.
Meanwhile, the solid polyester staple fibres segment is anticipated to be a fast-growing segment in the coming years owing to the increasing demand for the material in carpet yarn production. It can also be easily blended with cotton to produce clothes and clothing items. This factor is anticipated to propel the segment’s growth in the forecast period, as well as the overall global polyester staple fibre market.
The Asia Pacific Region Leads with a Significant Market Share for Polyester Staple Fibres
Polyester staple fibres are widely applied in apparels and home furnishing products. Hence, the rising investments by working-class populations across the emerging economies such as India and China towards home décor, is driving the market growth. In addition, the strong foothold of local manufacturers, coupled with industrial developments in the region is further propelling the demand for polyester staple fibre.
Over the forecast period, the anticipated increase in the expansion of textile sector owing to the increasing inclination of the population towards fashion and clothing, is likely to offer lucrative opportunities to the polyester staple fibre market in this region.
Market Segmentation
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Polyester staple fibres refer to the materials which are obtained from synthetic chemical compounds. These materials possess unique characteristics such as shrink and stretch resistance. They are lightweight, strong, easily washable, and inexpensive, which makes them suitable for applications in the industrial sector. Moreover, the product is extremely versatile and is utilised in a variety of end-use applications.
Based on product type, the market can be segmented into:
- Solid
- Hollow
By origin, the market has been divided into:
- Virgin
- Recycled
- Blended
The significant applications in the polyester staple fibre market include:
- Automotive
- Home Furnishing
- Apparel
- Filtration
- Others
The regional markets for the product include North America, Europe, the Asia Pacific, Latin America, and the Middle East and Africa.
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Thriving Automotive Industry to Boost the Growth of the Polyester Staple Fibres Industry
Polyester staple fibres are crucial in the automotive industry as they are applied in the development of wheel arcs, central carpets, and car trunks, among others. In this regard, the increasing sales of commercial and passenger automobiles are likely to propel the demand for polyester staple fibres. In addition to this, the increasing demand for fibres with anti-inflammatory, wear and light resistant, durable and cost-effective properties, to produce superior-quality automotive textiles, is further bolstering the demand for polyester staple fibres.
In the span of the forecast period, the increasing popularity of man-made textiles fibres in the textile industry to produce high quality fabrics is likely to be a key driver in the polyester staple fibre market. Additionally, the growing demand for polyester staple fibres for making needle punched non-woven fabrics to manufacture various downstream products is accelerating the demand for polyester staple fibres.
Furthermore, the market is anticipated to be aided by the growing research and development activities by the major market players. They are aiming towards enhancing the quality of finished products and to produce superior quality fabrics made by polyester staple fibres, to gain a competitive edge in the future.
Key Players in the Global Market for Polyester Staple Fibres
The report gives a detailed analysis of the following key players in the global polyester staple fibre market, covering their competitive landscape, capacity, and latest developments like mergers, acquisitions, and investments, expansions of capacity, and plant turnarounds:
- Toray Industries, Inc.
- Reliance Industries Limited
- Diuou Fibre (M) Sdn Bhd.
- XINDA Corporation
- Indorama Corporation
- Sinopec Yizheng Chemical Fibre Limited
- Others
The comprehensive EMR report provides an in-depth assessment of the market based on the Porter's five forces model along with giving a SWOT analysis.
Key Highlights of the Report
| REPORT FEATURES | DETAILS |
|---|---|
| Base Year | 2022 |
| Historical Period | 2018-2022 |
| Forecast Period | 2023-2028 |
| Scope of the Report |
Historical and Forecast Trends, Industry Drivers and Constraints, Historical and Forecast Market Analysis by Segment:
|
| Breakup by Product Type |
|
| Breakup by Origin |
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| Breakup by Application |
|
| Breakup by Region |
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| Market Dynamics |
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| Trade Data Analysis |
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| Price Analysis |
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| Competitive Landscape |
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| Companies Covered |
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*At Expert Market Research, we strive to always give you current and accurate information. The numbers depicted in the description are indicative and may differ from the actual numbers in the final EMR report.
1 Preface
2 Report Coverage – Key Segmentation and Scope
3 Report Description
3.1 Market Definition and Outlook
3.2 Properties and Applications
3.3 Market Analysis
3.4 Key Players
4 Key Assumptions
5 Executive Summary
5.1 Overview
5.2 Key Drivers
5.3 Key Developments
5.4 Competitive Structure
5.5 Key Industrial Trends
6 Market Snapshot
6.1 Global
6.2 Region
7 Industry Opportunities and Challenges
8 Global Polyester Staple Fibre Market Analysis
8.1 Key Industry Highlights
8.2 Global Polyester Staple Fibre Historical Market (2018-2022)
8.3 Global Polyester Staple Fibre Market Forecast (2023-2028)
8.4 Global Polyester Staple Fibre Market by Product Type
8.4.1 Solid
8.4.1.1 Market Share
8.4.1.2 Historical Trend (2018-2022)
8.4.1.3 Forecast Trend (2023-2028)
8.4.2 Hollow
8.4.2.1 Market Share
8.4.2.2 Historical Trend (2018-2022)
8.4.2.3 Forecast Trend (2023-2028)
8.5 Global Polyester Staple Fibre Market by Origin
8.5.1 Virgin
8.5.1.1 Market Share
8.5.1.2 Historical Trend (2018-2022)
8.5.1.3 Forecast Trend (2023-2028)
8.5.2 Recycled
8.5.2.1 Market Share
8.5.2.2 Historical Trend (2018-2022)
8.5.2.3 Forecast Trend (2023-2028)
8.5.3 Blended
8.5.3.1 Market Share
8.5.3.2 Historical Trend (2018-2022)
8.5.3.3 Forecast Trend (2023-2028)
8.6 Global Polyester Staple Fibre Market by Application
8.6.1 Automotive
8.6.1.1 Market Share
8.6.1.2 Historical Trend (2018-2022)
8.6.1.3 Forecast Trend (2023-2028)
8.6.2 Home Furnishing
8.6.2.1 Market Share
8.6.2.2 Historical Trend (2018-2022)
8.6.2.3 Forecast Trend (2023-2028)
8.6.3 Apparel
8.6.3.1 Market Share
8.6.3.2 Historical Trend (2018-2022)
8.6.3.3 Forecast Trend (2023-2028)
8.6.4 Filtration
8.6.4.1 Market Share
8.6.4.2 Historical Trend (2018-2022)
8.6.4.3 Forecast Trend (2023-2028)
8.6.5 Others
8.7 Global Polyester Staple Fibre Market by Region
8.7.1 Market Share
8.7.1.1 North America
8.7.1.2 Europe
8.7.1.3 Asia Pacific
8.7.1.4 Latin America
8.7.1.5 Middle East and Africa
9 Regional Analysis
9.1 North America
9.1.1 Historical Trend (2018-2022)
9.1.2 Forecast Trend (2023-2028)
9.1.3 Breakup by Country
9.1.3.1 United States of America
9.1.3.2 Canada
9.2 Europe
9.2.1 Historical Trend (2018-2022)
9.2.2 Forecast Trend (2023-2028)
9.2.3 Breakup by Country
9.2.3.1 United Kingdom
9.2.3.2 Germany
9.2.3.3 France
9.2.3.4 Italy
9.2.3.5 Others
9.3 Asia Pacific
9.3.1 Historical Trend (2018-2022)
9.3.2 Forecast Trend (2023-2028)
9.3.3 Breakup by Country
9.3.3.1 China
9.3.3.2 Japan
9.3.3.3 India
9.3.3.4 ASEAN
9.3.3.5 Australia
9.3.3.6 Others
9.4 Latin America
9.4.1 Historical Trend (2018-2022)
9.4.2 Forecast Trend (2023-2028)
9.4.3 Breakup by Country
9.4.3.1 Brazil
9.4.3.2 Argentina
9.4.3.3 Mexico
9.4.3.4 Others
9.5 Middle East and Africa
9.5.1 Historical Trend (2018-2022)
9.5.2 Forecast Trend (2023-2028)
9.5.3 Breakup by Country
9.5.3.1 Saudi Arabia
9.5.3.2 United Arab Emirates
9.5.3.3 Nigeria
9.5.3.4 South Africa
9.5.3.5 Others
10 Market Dynamics
10.1 SWOT Analysis
10.1.1 Strengths
10.1.2 Weaknesses
10.1.3 Opportunities
10.1.4 Threats
10.2 Porter’s Five Forces Analysis
10.2.1 Supplier’s Power
10.2.2 Buyer’s Power
10.2.3 Threat of New Entrants
10.2.4 Degree of Rivalry
10.2.5 Threat of Substitutes
10.3 Key Indicators for Demand
10.4 Key Indicators for Price
11 Value Chain Analysis
12 Trade Data Analysis (HS Code – 550320)
12.1 Major importing countries
12.1.1 By Value
12.1.2 By Volume
12.2 Major Exporting Countries
12.2.1 By Value
12.2.2 By Volume
13 Price Analysis
13.1 North America Historical Price Trends (2018-2022) and Forecast (2023-2028)
13.2 Europe Historical Price Trends (2018-2022) and Forecast (2023-2028)
13.3 Asia Pacific Historical Price Trends (2018-2022) and Forecast (2023-2028)
13.4 Latin America Historical Price Trends (2018-2022) and Forecast (2023-2028)
13.5 Middle East and Africa Historical Price Trends (2018-2022) and Forecast (2023-2028)
14 Competitive Landscape
14.1 Market Structure
14.2 Company Profiles
14.2.1 Toray Industries, Inc.
14.2.1.1 Company Overview
14.2.1.2 Product Portfolio
14.2.1.3 Demographic Reach and Achievements
14.2.1.4 Certifications
14.2.2 Reliance Industries Limited
14.2.2.1 Company Overview
14.2.2.2 Product Portfolio
14.2.2.3 Demographic Reach and Achievements
14.2.2.4 Certifications
14.2.3 Diuou Fibre (M) Sdn Bhd.
14.2.3.1 Company Overview
14.2.3.2 Product Portfolio
14.2.3.3 Demographic Reach and Achievements
14.2.3.4 Certifications
14.2.4 XINDA Corporation
14.2.4.1 Company Overview
14.2.4.2 Product Portfolio
14.2.4.3 Demographic Reach and Achievements
14.2.4.4 Certifications
14.2.5 Indorama Corporation
14.2.5.1 Company Overview
14.2.5.2 Product Portfolio
14.2.5.3 Demographic Reach and Achievements
14.2.5.4 Certifications
14.2.6 Sinopec Yizheng Chemical Fibre Limited
14.2.6.1 Company Overview
14.2.6.2 Product Portfolio
14.2.6.3 Demographic Reach and Achievements
14.2.6.4 Certifications
14.2.7 Others
15 Industry Events and Developments
List of Key Figures and Tables
1. Global Polyester Staple Fibre MarketGlobal Polyester Staple Fibre Market: Key Industry Highlights, 2018 and 2028
2. Global Polyester Staple Fibre Historical Market: Breakup by Product Type (USD Million), 2018-2022
3. Global Polyester Staple Fibre Market Forecast: Breakup by Product Type (USD Million), 2023-2028
4. Global Polyester Staple Fibre Historical Market: Breakup by Origin (USD Million), 2018-2022
5. Global Polyester Staple Fibre Market Forecast: Breakup by Origin (USD Million), 2023-2028
6. Global Polyester Staple Fibre Historical Market: Breakup by Application (USD Million), 2018-2022
7. Global Polyester Staple Fibre Market Forecast: Breakup by Application (USD Million), 2023-2028
8. Global Polyester Staple Fibre Historical Market: Breakup by Region (USD Million), 2018-2022
9. Global Polyester Staple Fibre Market Forecast: Breakup by Region (USD Million), 2023-2028
10. North America Polyester Staple Fibre Historical Market: Breakup by Country (USD Million), 2018-2022
11. North America Polyester Staple Fibre Market Forecast: Breakup by Country (USD Million), 2023-2028
12. Europe Polyester Staple Fibre Historical Market: Breakup by Country (USD Million), 2018-2022
13. Europe Polyester Staple Fibre Market Forecast: Breakup by Country (USD Million), 2023-2028
14. Asia Pacific Polyester Staple Fibre Historical Market: Breakup by Country (USD Million), 2018-2022
15. Asia Pacific Polyester Staple Fibre Market Forecast: Breakup by Country (USD Million), 2023-2028
16. Latin America Polyester Staple Fibre Historical Market: Breakup by Country (USD Million), 2018-2022
17. Latin America Polyester Staple Fibre Market Forecast: Breakup by Country (USD Million), 2023-2028
18. Middle East and Africa Polyester Staple Fibre Historical Market: Breakup by Country (USD Million), 2018-2022
19. Middle East and Africa Polyester Staple Fibre Market Forecast: Breakup by Country (USD Million), 2023-2028
20. Major Importing Countries by Value
21. Major Exporting Countries by Value
22. Major Importing Countries by Volume
23. Major Exporting Countries by Volume
24. North America Historical Price Trends and Forecast (2018-2028)
25. Europe Historical Price Trends and Forecast (2018-2028)
26. Asia Pacific Historical Price Trends (2018-2022) and Forecast (2023-2028)
27. Latin America Historical Price Trends (2018-2022) and Forecast (2023-2028)
28. Middle East and Africa Historical Price Trend (2018-2022) and Forecast (2023-2028)
29. Global Polyester Staple Fibre Market Structure.
Key Questions Answered in the Report
The market is estimated to grow at a CAGR of 5.90% between 2023 and 2028.
The market is estimated to witness a healthy growth in the forecast period of 2023-2028 to reach USD 44.27 billion by 2027.
The growing research and development activities by major manufacturers to create superior quality polyester staple fibres to gain competitive edge are likely to be the key trends in the market.
The major regions in the industry are North America, Latin America, the Middle East and Africa, Europe, and the Asia Pacific.
The major market drivers include the rising application of these fibres in the automotive industry, thriving textile industry, and growing demand for polyester staple fibre to produce non-woven fabrics.
Solid and hollow are the different segments based on product type.
Virgin, recycled, and blended is the segmentation of market based on origin.
Automotive, home furnishing, apparel, and filtration, among others are the major applications of the product.
The major players in the industry are Toray Industries, Inc., Reliance Industries Limited, Diuou Fibre (M) Sdn Bhd., XINDA Corporation, Indorama Corporation, and Sinopec Yizheng Chemical Fibre Limited, among others.
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