San Francisco, 6 February 2019: The Report Polyester Staple Fiber (PSF) Market Analysis, By Product (Solid, Hollow), By Origin
(Virgin, Recycled, Blended), By Application, By Region, And Segment Forecasts,
2018 - 2025
The global polyester
staple fiber market is
expected to reach USD 39.3 billion by 2025, growing at a CAGR of 6.3%,
according to a new report by Grand View Research, Inc. Rise in the global
consumption of sustainable textiles has been a major factor driving market
growth. Growing consciousness regarding the environment and cheaper price of
PSF as compared to that of cotton have increased the utilization of PSF in the
global market.
Polyester
staple fiber is lightweight, wrinkle-free, and resistant to light and weather.
It also has an ability to withstand extreme climatic conditions. It is used as
a key element in various end-use sectors, including apparel, home furnishing,
construction, and automotive, which is expected to drive market growth over the
forecast period. Rising product demand, owing to its long-term effectiveness,
high elastic resilience, tenacity, and eco-friendly nature of PSF, is also
expected to boost market growth over the next eight years.
Solid
PSF was the largest product segment in 2016 and is expected to witness a
promising growth rate over the forecast period. Hollow product segment is
anticipated to observe a low growth rate by 2025. In terms of revenue, apparel
application segment is anticipated to observe the fastest growth over the next
eight years at a CAGR of 6.7% from 2017 to 2025. PSF is instrumental in
improving the overall quality at a lower price than its alternatives, which is
expected to drive its demand. Increasing product usage in Asia Pacific owing to
its rising utilization in textile manufacturing industry is also expected to
boost demand over the forecast period.
Access
Research Report of Polyester Staple Fiber Market @ www.grandviewresearch.com/industry-analysis/polyester-staple-fiber-psf-market
Further key findings
from the report suggest:
· The
global demand for polyester staple fiber was 15,519.7 kilotons in 2016 and is
estimated to ascend at a CAGR of 4.7% from 2017 to 2025. Asia Pacific dominated
the global market in 2016, followed by Europe. Emerging economies such as
China, India, and Brazil are predicted to lead their respective regional
markets over the forecast period.
· In
terms of product, solid PSF emerged as the largest segment in 2016. Increasing
popularity of sustainable man-made fibers coupled with reducing consumption of
cotton in textile industry is likely to drive the market over the forecast
period.
· In
terms of revenue, virgin PSF emerged as the largest origin market segment in
2016 and is estimated to generate a revenue of over USD 16,451.9 million by
2025. Recycled PSF is estimated to witness promising market growth over the
forecast period owing to rising environmental consciousness across the globe.
· Asia
Pacific polyester fiber market is projected to witness substantial growth over
the next decade owing to various developments, especially in textile industry,
across major economies. In terms of revenue, the regional market is expected to
progress at a CAGR of 6.7% from 2017 to 2025.
· Key
market players include Toray Chemical Korea Inc., W. Barnet Gmbh & Co. KG,
Alpek S.A.B. de C.V., Reliance Industries Limited, Diyou Fibre (M) Sdn Bhd.,
Huvis Corporation, Indorama Corporation, Xinda Corp., China National Petroleum
Corporation, Bombay Dyeing, Petrovietnam Petrochemical, and Textile Fiber Joint
Stock Company. These companies attempt to increase their market shares and
expand their global presence through strategic initiatives such as expansions,
investments, acquisitions, and new product developments.
Browse more reports
of this category by Grand View Research at: www.grandviewresearch.com/industry/renewable-chemicals
Grand
View Research has segmented the global polyester staple fiber market on the
basis of product, origin, application, and region:
Product Outlook (Volume, Kilotons; Revenue,
USD Million; 2014 - 2025)
·
Solid
·
Hollow
Origin Outlook (Volume, Kilotons; Revenue,
USD Million; 2014 - 2025)
·
Virgin
·
Recycled
·
Blended
Application Outlook (Volume, Kilotons;
Revenue, USD Million; 2014 - 2025)
·
Automotive
·
Home
Furnishing
·
Apparel
·
Filtration
·
Others
Regional Outlook (Volume, Kilotons;
Revenue, USD Million; 2014 - 2025)
·
North America
·
Europe
·
Asia
Pacific
·
Central
& South America
·
Middle
East & Africa
Access Press Release of Polyester Staple Fiber Market@ www.grandviewresearch.com/press-release/global-polyester-staple-fiber-psf-market
About Grand View Research
Grand View Research, Inc. is a
U.S. based market research and consulting company, registered in the State of
California and headquartered in San Francisco. The company provides
syndicated research reports, customized research reports, and consulting
services. To help clients make informed business decisions, we offer market intelligence
studies ensuring relevant and fact-based research across a range of industries,
from technology to chemicals, materials and healthcare.
