Global Polyester Staple Fibre Market Report and Forecast 2023-2028

Global Polyester Staple Fibre Market Report and Forecast 2023-2028

Market Outlook

According to the report by Expert Market Research (EMR), the global polyester staple fibre market is projected to grow at a CAGR of 5.90% between 2023 and 2028. Aided by the burgeoning demand for lightweight, cost-effective, and versatile materials and increasing inclination of the population towards fashion and clothing, the market is expected to grow significantly by 2028.

Polyester staple fibre (PSF) is a man-made fibre cut from PET polymers and is popularly used as an insulating material and a raw material for yarn spinning, non-woven fabrics, and fillings for pillows, cushions, and quilts. Its inherent properties like high strength, stability, resistance to wrinkles and shrinking, and excellent insulation capabilities make it a preferred material across multiple industries.

The increasing consumer preference for cost-effective and durable materials is driving the global polyester staple fibre market growth. As economies worldwide continue their recovery from the economic slowdown, the demand for cost-effective materials like PSF has surged, particularly in sectors such as textiles, automotive, and construction.

In addition, the rising trend towards sustainability and recycling has also contributed to the increasing popularity of polyester staple fibre. As an extensively recycled material, PSF offers an eco-friendly alternative to traditional fibres, aligning with the global shift towards sustainable and environmentally friendly materials.

The expanding applications of PSF across various industries play a pivotal role in propelling the polyester staple fibre market development. In the textile industry, PSF is widely used in the production of clothing, home furnishings, and other textiles due to its versatility and strength. Meanwhile, in the automotive industry, PSF finds applications in tyre cords, seat covers, and interiors, thanks to its high resilience and durability. The construction industry also utilises PSF as an insulation material, contributing to energy efficiency in buildings.

Moreover, the rise in living standards and the increasing focus on interior aesthetics have led to a growth in the home furnishing sector, thereby driving the polyester staple fibre market demand. As a key material in the production of bedding, upholstery, and other home furnishing items, the rise in demand for these products directly boosts the PSF market.

The continual innovations and advancements in textile technology have led to the development of new applications for PSF, further fuelling the polyester staple fibre market expansion. From its use in performance sportswear to its incorporation into smart textiles, the potential for PSF continues to grow, creating lucrative opportunities for market players.

Market Segmentation

The market can be divided based on product type, origin, application, and region.

Market Breakup by Product Type

• Solid
• Hollow

Market Breakup by Origin

• Virgin
• Recycled
• Blended

Market Breakup by Application

• Automotive
• Home Furnishing
• Apparel
• Filtration
• Others

Market Breakup by Region

• North America
• Europe
• Asia Pacific
• Latin America
• Middle East and Africa

Competitive Landscape

The EMR report looks into the market shares, plant turnarounds, capacities, investments, and acquisitions and mergers, among other major developments, of the global polyester staple fibre companies. Some of the major key players explored in the report by Expert Market Research are as follows:

• Toray Industries, Inc.
• Reliance Industries Limited
• Diuou Fibre (M) Sdn Bhd.
• XINDA Corporation
• Indorama Corporation
• Sinopec Yizheng Chemical Fibre Limited
• Others

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*We at Expert Market Research always strive to provide you with the latest information. The numbers in the article are only indicative and may be different from the actual report.