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Published Date: 2017-06-27Number of Pages: 221

Polyester Staple Fiber Market (Type - Solid (Semi-dull Optical White, Bright Optical White, Black Dope Dyed, Colored Dope White, Others Semi-dull, and Others Bright) and Hollow; Origin - Virgin, Recycled, and Blend of Virgin and Recycled; End User - Apparel, Automotive, Home Furnishing, Filtration, Construction, and Personal Care and Hygiene) - Global Industry Analysis, Size, Share, Growth, Trends, and Forecast 2017 - 2025

Global Polyester Staple Fiber Market: Snapshot

Popular methods employed by key players in the global polyester staple fiber market to cement their positions are competitive pricing and credit terms. They are also focused on quality of products and offer after-sales support to bring about customer loyalty. Currently the competition in the market is cyclical in nature and in the near future too is not expected to heat up much. This is because capacity is slated to remain moderate and entry of new comers will be less due to high initial investment and lengthy gestation period.

Some of the growth drivers in the market are soaring demand for man-made fiber – of which polyester staple fiber is an integral part – in the textile industry. The growing sales of automobiles and increasing construction activities too are boosting the market. This is because polyester staple fiber are used in car fabrics and also provide temperature stability and facilitate improvement in tensile and shear properties of asphalt concrete.

Proving counterproductive to the market, on the flipside, is the regulated cotton prices in many developing nations which is dealing a blow to the demand for polyester staple fiber.

As per a report by Transparency Market Research, the revenue in the global polyester staple fiber market will likely become US$34.546 bn by 2025 from US$23.167 in 2016 by rising at a CAGR of 4.1% from 2017 to 2025 to become worth. In terms of volume, it forecasts the market to rise at a 4.6% CAGR to reach 23555 kilo tons from 16528.1 kilo tons in 2016. 

polyester staple fiber market

Firmness of Polyester Staple Fiber is Boosting Their Demand in Home Furnishings

Some of the key end-use segments in the global polyester staple fiber market are apparel, automotive, home furnishing, filtration, construction, and personal care and hygiene, among others. Among them, the apparel segment accounts for maximum demand. The apparel segment is said to have consumed 3365 kilo tons in 2016 and going forward too is expected to be the dominant driver of demand by rising at a CAGR of 4.2% from 2017 to 2025.

Automotive and home furnishings are other key end-use segments in the global polyester staple fiber market. On account of their cost effectiveness and durability, polyester staple fiber are finding widespread application as car fabrics. They help to keep the cost of the automobile low as well. In terms of volume, the market share of the automotive will forecasted to remain 14% in the foreseeable future.

Polyester staple fiber is also seeing major uptake for home furnishings. They are used as a filling material in pillows, sofas, and toys. They provide firmness and resilience. The home furnishing segment is predicted to hold on to its 14.5% share in the upcoming years.

Growing Construction Activities Makes Asia Pacific Dominant Market

From a geographical standpoint, Asia Pacific leads the global polyester staple fiber market with a dominant share. Its growth is primarily powered by the rapid urbanization, increasing residential and commercial construction activities, and increasing spending capacity of the people, particularly in the densely populated emerging economies of India and China. Revenue-wise, Asia Pacific held a significant 41.4% share in the global polyester staple fiber market in 2016.

Besides Asia Pacific, Latin America is another key region in the polyester staple fiber market that is expected to make impressive progress in the next couple of years. Europe and North America market, on the other hand, have become saturated and will likely grow at a slower pace.

Alpek S.A.B. de C.V., Indorama Ventures Public Company Limited, Toray Industries Inc., China Petroleum & Chemical Corporation, Reliance Industries Limited, and W. Barnet GmbH & Co. KG are to name a few prominent companies operating in the global polyester staple fiber market.

Global Polyester Staple Fiber Market: Overview

Polyester staple fiber is a synthetic fiber solely comprising of a polyester. It is made from PTA & MEG or PET Chips or from Recycled PET Bottle Flakes. PSF made from PTA & MEG or PET Chips is known as Virgin PSF and PSF made from Recycled PET Flakes is called Recycled PSF. Polyester staple fiber has emerged as the fastest-growing fibre amongst all types of manufactured fibers. It widely used in textile, automotive and furniture industries.

The report estimates and forecasts the polyester staple fiber market on the global, regional, and country levels. The study provides forecast between 2017 and 2025 based on volume (Kilo Tons) and revenue (US$ Mn) with 2016 as the base year. The report comprises an exhaustive value chain analysis for each of the product segments. It provides a comprehensive view of the market.

Value chain analysis also offers detailed information about value addition at each stage.

The study includes drivers and restraints for the polyester staple fiber market along with their impact on demand during the forecast period. The study also provides key market indicators affecting the growth of the market. The report analyzes opportunities in the polyester staple fiber market on the global and regional level. Drivers, restraints, and opportunities mentioned in the report are justified through quantitative and qualitative data. These have been verified through primary and secondary resources.

The report includes Porter’s Five Forces Model to determine the degree of competition in the polyester staple fiber market. The report comprises a qualitative write-up on market attractiveness analysis, wherein applications and countries have been analyzed based on attractiveness for each region. Growth rate, market size, raw material availability, profit margin, impact strength, technology, competition, and other factors (such as environmental and legal) have been evaluated in order to derive the general attractiveness of the market. The report comprises price trend analysis for polyester staple fiber between 2017 and 2025.

Global Polyester Staple Fiber Market: Segmentation

The study provides a comprehensive view of the polyester staple fiber market by dividing it on the basis of end-use and geography segments. The polyester staple fiber market has been segmented into apparels, automotive, home furnishing, filtration, construction, personal care & hygiene and others based on application. Applications segment have been analyzed based on historic, present, and future trends.

Regional segmentation includes the current and forecast demand for polyester staple fiber in North America, Europe, Asia Pacific, Latin America, and Middle East & Africa (MEA). Additionally, the report comprises country-level analysis in terms of volume and revenue for application segments. Key countries such as the U.S., Canada, Germany, France, the U.K., Spain, Italy, India, China, Japan, South Africa, Mexico, and Brazil have been included in the study. Market segmentation includes demand for individual applications in all the regions and countries.

Global Polyester Staple Fiber Market: Competitive Analysis

The report covers detailed competitive outlook that includes market share and profiles of key players operating in the global market. Key players profiled in the report includes Alpek S.A.B. de C.V., Indorama Ventures Public Company Limited, Toray Industries, Inc., China Petroleum & Chemical Corporation, Reliance Industries Limited, W. Barnet GmbH & Co. KG, Far Eastern New Century Corporation, Tongkun Group Zhejiang Hengsheng Chemical Fiber Co., Ltd., Zhejiang Hengyi Group Company Ltd., Jiangsu Sanfangxiang Group, ICI Pakistan Limited, XINDA Corp, Komal Fibres, Bombay Dyeing, Nirmal Fibres (P) Ltd., and Ganesha Ecosphere. Company profiles include attributes such as company overview, number of employees, brand overview, key competitors, business overview, business strategies, recent/key developments, acquisitions, and financial overview (wherever applicable).

Secondary research sources that were typically referred to include, but were not limited to company websites, financial reports, annual reports, investor presentations, broker reports, and SEC filings. Other sources such as internal and external proprietary databases, statistical databases and market reports, news articles, national government documents, and webcasts specific to companies operating in the market have also been referred for the report.

In-depth interviews and discussions with a wide range of key opinion leaders and industry participants were conducted to compile this research report. Primary research represents the bulk of research efforts, supplemented by extensive secondary research. Key players’ product literature, annual reports, press releases, and relevant documents were reviewed for competitive analysis and market understanding. This helped in validating and strengthening secondary research findings. Primary research further helped in developing the analysis team’s expertise and market understanding.

The global polyester staple fiber market has been segmented as follows:

Polyester Staple Fiber Market – Type Analysis

  • Solid
    • Semi-dull Optical White
    • Bright Optical White
    • Black Dope Dyed
    • Colored Dope Dyed
    • Others Semi-dull
    • Others Bright
  • Hollow

Polyester Staple Fiber Market – Origin Analysis

  • Virgin
  • Recycled
  • Blend of Virgin & Recycled

Polyester Staple Fiber Market – End-user Analysis

  • Apparel
  • Automotive
  • Home Furnishing
  • Filtration
  • Construction
  • Personal Care & Hygiene
  • Others

Polyester Staple Fiber Market – Regional Analysis

  • North America
    • U.S.
    • Canada
  • Europe
    • Germany
    • France
    • U.K.
    • Italy
    • Spain
    • Rest of Europe
  • Asia Pacific
    • China
    • India
    • Japan
    • ASEAN
    • Rest of Asia Pacific
  • Middle East & Africa
    • GCC
    • South Africa
    • Rest of Middle East & Africa
  • Latin America
    • Brazil
    • Mexico
    • Rest of Latin America

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