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Polyester Staple Fiber (PSF) Market - Global Industry Analysis, Size, Share, Growth, Trends and Forecast 2014 - 2020

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Polyethylene terephthalate (PET), when used in the form of fibers and filaments, is known as polyester. Purified terephthalic acid (PTA) and monoethylene glycol (MEG) are the primary raw materials used in the manufacture of polyester fiber. Polyesters are made by polymerization of purified terephthalic acid (PTA) and monoethylene glycol (MEG). The polymer thus obtained is melt spun to form tow which is a bundle of continuous filaments. The tow is subjected to further processes such as drawing, crimping, spin finish application and then cut into fixed lengths to get cut fibers almost equal in length to cotton fibers. These cut fibers are known as polyester staple fiber (PSF). Polyester staple fibers (PSF) are used in a wide range of applications such as carpets and rugs, fiberfill and nonwoven fabrics, home furnishings and apparels among others. Polyester staple fiber (PSF) has emerged as the fastest growing fiber amongst all types of manufactured fibers.

Polyester staple fibers are used in a wide range of applications such as carpets and rugs, fiberfill and nonwoven fabrics. Other applications of polyester fibers include industrial, home textiles and apparels. The demand for polyester staple fiber is expected to increase tremendously owing to technological advancement. China was the largest producer of polyester fiber in 2012 and followed by India. Moreover, the demand for polyester staple fiber has been the highest in Asia Pacific and this trend is projected to continue over the next few years. Rapid industrialization, an increase in upcoming residential and commercial construction projects, a focus on improving interior aesthetics and a burgeoning middle class are vital factors anticipated to drive the demand for polyester staple fiber in this region. Europe and North America are expected to show relatively flat growth over the next few years owing to an economic slowdown in the regions. 

Growth of the residential and commercial buildings is expected to augment the demand for polyester staple fiber (PSF). An increasing demand for specialty mattresses due to rising consumer inclination towards eco-friendly and health-promoting properties is expected to augment the demand for hollow fibers and natural fibers which in turn would boost the polyester staple fiber market over the next few years. Polyester staple fiber is being increasingly used in mattresses and pillows due to the various advantages it offers. Polyester staple fibers do not flatten or change shape permanently due to their high resiliency. On the other hand, a mattress comprising springs is more prone to taking the permanent shape of the person using it. Furthermore, mattresses made from these fibers require lower maintenance due to their high resilience and ability to hold and release air. On the other hand, springs are prone to breakage and permanent changes in shape. 

Thus, an increasing demand for mattresses is anticipated to drive demand for polyester staple fibers. Flooring is one of the most important aspects of any building. One of the first decisions generally taken after purchasing a new space, either residential or commercial, is the type of flooring to be used. Various types of floorings are available in the market; these include: carpets and rugs, vinyl and rubber floor coverings, tiles, hardwood flooring, and laminate floor coverings.

Some of the key players in the polyester staple fiber are Alpek S.A.B de C.V., Far Eastern New Century Corporation, Indorama Ventures Public Company Limited, Jiangsu Sanfangxiang Group, Kayavlon Impex Pvt. Ltd, Mossi Ghisolfi Group, Nan Ya Plastics Corporation, Reliance Industries Ltd., Sinopec Yizheng Chemical Fiber Company Limited, Tongkun Group, Zhejiang Hengsheng Chemical Fiber Co., Ltd and Zhejiang Hengyi Group Co. Ltd among others. 

This research report analyzes this market on the basis of its market segments, major geographies, and current market trends. Geographies analyzed under this research report include 
  • North America 
  • Asia Pacific 
  • Europe
  • Rest of the World  
This report provides comprehensive analysis of 
  • Market growth drivers 
  • Factors limiting market growth
  • Current market trends 
  • Market structure
  • Market projections for upcoming years 
This report is a complete study of current trends in the market, industry growth drivers, and restraints. It provides market projections for the coming years. It includes analysis of recent developments in technology, Porter’s five force model analysis and detailed profiles of top industry players. The report also includes a review of micro and macro factors essential for the existing market players and new entrants along with detailed value chain analysis. 

Reasons for Buying this Report
  • This report provides pin-point analysis for changing competitive dynamics
  • It provides a forward looking perspective on different factors driving or restraining market growth 
  • It provides a six-year forecast assessed on the basis of how the market is predicted to grow 
  • It helps in understanding the key product segments and their future
  • It provides pin point analysis of changing competition dynamics and keeps you ahead of competitors
  • It helps in making informed business decisions by having complete insights of market and by making in-depth analysis of market segments 
  • It provides distinctive graphics and exemplified SWOT analysis of major market segments 

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