Polyester Staple Fiber Market Report by Origin (Virgin, Recycled, Blended), Product (Solid, Hollow), Application (Automotive, Home Furnishing, Apparel, Filtration, and Others), and Region 2024-2032
The global polyester staple fiber market size reached US$ 23.9 Billion in 2023. Looking forward, IMARC Group expects the market to reach US$ 36.0 Billion by 2032, exhibiting a growth rate (CAGR) of 4.5% during 2024-2032.
Polyester staple fiber (PSF) is made via polymerization of purified terephthalic acid (PTA) and mono ethylene glycol (MEG) or recycled polyethylene terephthalate (PET) bottle flakes. It is lightweight, resistant to light and available in a wide range of colors with different cut lengths. As it can withstand extreme climatic conditions and has remarkable resilience, PSF is widely used for spinning yarns, which are then knitted or weaved into non-woven fabrics. It is also utilized as a poly fiberfill in premium pillows, cushions, quilts, sofa, soft toys, jackets, and mattresses across the globe.
Significant growth in the real estate sector is positively influencing the need for luxury furniture. This represents one of the major factors propelling the market growth. It is further supported by the thriving construction industry wherein PSF is used in concrete to fill up cracks and enhance the overall quality of walls, tanks, tiles, blocks, and maintenance hole covers. Apart from this, inflating disposable incomes and the escalating demand for sustainable and fast fashion are promoting the utilization of PSF in the textile industry. PSF is also used for making speaker felts, geotextiles, and wadding and as a filler for sound absorption. Moreover, it is employed in the manufacturing of high-quality and economical automotive textiles for roofs, airbags, trunk liners, carpet backing, glove boxes, door panels, safety belts, and sound insulation. The increasing production of light commercial vehicles is anticipated to provide lucrative opportunities to market players.
Key Market Segmentation:
IMARC Group provides an analysis of the key trends in each sub-segment of the global polyester staple fiber market report, along with forecasts at the global, regional and country level from 2024-2032. Our report has categorized the market based on origin, product and application.
Breakup by Origin:
Virgin
Recycled
Blended
Breakup by Product:
Solid
Hollow
Breakup by Application:
Automotive
Home Furnishing
Apparel
Filtration
Others
Breakup by Region:
North America
United States
Canada
Asia-Pacific
China
Japan
India
South Korea
Australia
Indonesia
Others
Europe
Germany
France
United Kingdom
Italy
Spain
Russia
Others
Latin America
Brazil
Mexico
Others
Middle East and Africa
Competitive Landscape:
The competitive landscape of the industry has also been examined along with the profiles of the key players being Alpek S.A.B. de C.V. (Alfa S.A.B. de C.V.), Bombay Dyeing, China Petroleum Corporation (Sinopec Group), Diyou Fibre (M) Sdn Bhd, Far Eastern New Century Corporation, Huvis Corporation, Indorama Corporation, Reliance Industries Limited, Shubhalakshmi Polyester Ltd, Toray Industries Inc. and XINDA Corp.
Key Questions Answered in This Report
1. What was the size of the global polyester staple fiber market in 2023?
2. What is the expected growth rate of the global polyester staple fiber market during 2024-2032?
3. What are the key factors driving the global polyester staple fiber market?
4. What has been the impact of COVID-19 on the global polyester staple fiber market?
5. What is the breakup of the global polyester staple fiber market based on the origin?
6. What is the breakup of the global polyester staple fiber market based on the product?
7. What is the breakup of the global polyester staple fiber market based on application?
8. What are the key regions in the global polyester staple fiber market?
9. Who are the key players/companies in the global polyester staple fiber market?