Polyester Staple Fiber Market
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
Press Release :
Global Polyester Staple Fiber Market: Snapshot
The world market for polyester staple fiber market presently houses market vendors that compete with each other even without the entry of any external market players. Product quality, credit terms, and price comprise the main parameters with which the market players compete. The market participants are making prolific efforts so as to ensure better position in the market. Substantial consumer base and customer loyal are important standpoints for the participants of this market. In an effort to retain both of these perks, the market participants are making an introduction of novel strategies like technical support post sales. In the years to come, the entry of new market players is anticipated to be restricted by the requirement for prolonged gestation periods and high capital. The market participants are projected to keep engaging in the core research and development work so as to devise novel services and products. The ability to convince the customers and keep them loyal to the company would play a crucial role in deciding the success of the various companies.
A market research report by Transparency Market Research (TMR) forecasts the growth trajectory of the market over the period that extends from the year 2017 to the year 2025. The said market is anticipated to rise at a steady growth rate of 4.1% CAGR over the period of forecast. The market valuation of the said market stood at around US$ 23.167 bn in the year 2016 and is likely attain a figure of around US$ 34.546 bn by the end of the year 2025.
Apparel Industry to Account for Most of the Market Demand
A few of the key end-use segments in the world market for polyester staple fiber are personal care and hygiene, home furnishing, apparel, filtration, automotive, personal care and hygiene, construction amongst many others. Amongst them, the segment of apparel accounts for most of the demand. The said segment is estimated to have consumed 3365 kilo tons in the year 2016 and going forward it is anticipated to be the main factor that is driving the demand and raising the growth rate of 4.2% CAGR from the year 2017 to the year 2025.
Apart from apparel, the segment of automotive and home furnishings is another key end-use segment in the world market for polyester staple fiber. On account of their durability and cost effectiveness, polyester staple fiber is finding another extensive application as car fabrics. They assist in keeping the cost of the automobile low also. Taking volume into consideration, the market share of the automotive is forecasted to remain 14% in the years to come.
Polyester staple fiber is also witnessing major uptake from home furnishings. They are put to use as a filling material in soft toys, sofas, and pillows. They provide resilience and firmness. The category of home furnishing is anticipated to hold on to its share of around 14.5% in the years to come.
Asia Pacific to Clasp Towering Share with Handsome CAGR
From a geographical point of view, the region of Asia Pacific leads the said market with a dominant share. The regional growth is primarily backed by the commercial construction activities, increasing residential, increasing spending capacity of the people, and rapid urbanization, in Asia Pacific to hold substantial 41.4% of the market share in the world market for polyester staple fiber in the year 2016.
A few of the prominent market players are W. Barnet GmbH & Co. KG, Indorama Ventures Public Company Limited, Alpek S.A.B. de C.V., China Petroleum & Chemical Corporation, Reliance Industries Limited, and Toray Industries Inc.
Polyester Staple Fiber Market to Gain Traction from Rising Trend of Home and Interior Decorations
The world market for polyester staple fiber market as of now houses market merchants that rival each other even without the section of any outside market players. Item quality, credit terms, and cost include the primary boundaries with which the market players contend. The market members are putting forth productive attempts in order to guarantee better situation on the lookout. Considerable shopper base and client steadfast are significant angles for the members of this market. With the objective to hold both of these advantages, the market members are making a presentation of novel techniques like specialized help post deals.
New market players and their performance is expected to be confined by the necessity for delayed development periods and high capital in the future years. The market members are projected to continue to participate in the center innovative work to devise novel administrations and items. The capacity to persuade the clients and stay with them faithful to the brand name would assume a significant part in choosing the accomplishment of the different organizations.
Polyester staple fiber is projected to witness a significant take-up from home decorations. They are put to use as a filling material in delicate toys, couches, and pads. They give strength and immovability. The growing popularity of man-made fiber from different sections is one of the key components evaluated to help the improvement of the overall polyester staple fiber grandstand in the accompanying hardly any years. The high improvement of the attire business and the massively rising revenue for singular thought things are a bit of the key factors that are assessed to animate the advancement of the overall market all through the gauge time period.
Additionally, the rising improvement practices in a couple making nations over the globe is expected to create promising advancement open entryways for the market major parts in the coming years. Thus creating development area supports the development of worldwide 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: