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Polyester staple fiber is one of the comprehensible part of textile industry. It is a synthetic fiber which is made by high output processing steps and high efficiency up to 50-300 tons per day spinning line. It is versatile type of fiber which has applications in various end-use sectors like automotive, textiles, home furnishing, filtration and other. the fiber is wrinkle-free, lightweight, and light and weather resistant. It can withstand harsh climate and therefore is highly employed in textile and automotive applications.
Increasing demand for budget friendly and sustainable fiber with high resilience and light-weight nature is driving the demand for polyester staple fiber. Rising concern regarding the environmental effect of certain fibers is aiding the growth of the market. Additionally, the availability of various styles, colors, designs and attractive prints is likely to boost the growth.
However, R&D for polyester staple fibers is a time consuming process which needs high investments and funds. Inconsistency in R&D in material enhancing and processing techniques is likely to hinder the market growth.
Key Market Driver -
Inexpensive and sustainable nature of fiber.
Key Market Restraint -
Inconsistent R&D of material and processing techniques.
Based on product, the global polyester staple fiber market is segmented into solid and hollow. Based on application, market is segmented into textile, construction, home furnishing, automotive, filtration and other applications.
From a geographical standpoint, the market is categorized into North America, Europe, Asia Pacific, Latin America, and the Middle East and Africa.
The global polyester staple fiber market consists of global & regional players operating. Some of the key players in the market include Toray Industries, Reliance Industries Limited, Alpek S.A.B. de C.V, W. Barnet GmbH & Co. KG, Bombay Dyeing, Indorama Ventures Public Company Limited, and others.
The market has been segmented into North America, Europe, Asia Pacific, Latin America, and Middle East & Africa. Asia pacific is anticipated to be the largest and fastest growing market attributed to the high consumption from China and India. Fast-paced industrialization coupled with improving economic conditions is expected to drive the regional market. North America is expected to show significant growth due to the increasing awareness in consumers regarding use of sustainable fibers. Europe is expected to show substantial growth attributed to ample manufacturing base for polyester and other polymers. Latin America & Middle East & Africa shall exhibit sluggish growth by the end of forecast period.
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