Global polyester staple fiber market, which valued at US$23,404.0 mn in 2015, is projected to reach US$42,415.1 mn by 2024, expanding at a CAGR of 7.5% from 2016 to 2024. In terms of volume, the polyester staple fiber market is expected to expand at a CAGR of 4.0% over the same period.
Albany, NY -- (SBWIRE) -- 11/29/2016 -- This research study analyzes the market for polyester staple fiber in terms of revenue (US$ Mn) and volume (kilo tons). The polyester staple fiber market has been segmented based on type, origin, end-use, and geography. The report features a detailed regional segmentation with market growth forecast from 2016 to 2024. 2015 has been considered the base year and 2016 the estimated year, while forecast has been provided from 2016 to 2024. Market data for all the segments has been provided at the country level from 2016 to 2024. The report provides broad competitive analysis of companies engaged in the development of the polyester staple fiber business. The report also includes key market dynamics such as drivers, restraints, and opportunities affecting the global polyester staple fiber market. These are analyzed in detail and illustrated in the report with the help of supporting graphs and tables. The report also provides comprehensive analysis of the market with the help of the Porter's Five Forces Analysis model, which helps in understanding factors that affect the structure and profitability of the global polyester staple fiber market. These are bargaining power of buyers, bargaining power of suppliers, threat of new entrants, threat of substitutes, and degree of competition.
Global Polyester Staple Fiber Market: Segmentation
The report provides detailed insights into the global polyester staple fiber business. Currently, the most prominent drivers of the market include increase in demand for manmade fiber and growth in construction activities. Market attractiveness analysis was carried out for the polyester staple fiber market on the basis of type, origin, end-use, region, and country. Market attractiveness was estimated on the basis of common parameters that directly impact the market.
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Based on type, the market has been bifurcated into solid and hollow polyester staple fiber. In terms of origin, the market has been classified into virgin, recycled, and blend of virgin and recycled polyester staple fiber. Based on end-use, the polyester staple fiber market has been segmented into apparel, automotive, home furnishing, filtration, construction, personal care & hygiene, and others (toys, wadding, etc.). Polyester staple fiber has emerged as the fastest growing fiber amongst all types of fibers. Polyester staple fiber is increasingly used in mattresses and pillows due to the various advantages it offers. Demand for specialty mattresses is rising due to the high consumer preference for eco-friendly and health-promoting products. This is augmenting the demand for hollow fibers and natural fibers. Flooring is a vital application of polyester staple fiber. It is one of the most important aspects of any building. One of the first decisions generally taken after purchasing a new property, either residential or commercial, is the type of flooring to be used. Various types of floorings are available in the market.
In terms of geography, the market has been segmented into North America, Europe, Asia Pacific, Middle East & Africa, and Latin America. Asia Pacific is considered the largest market for polyester staple fiber. Asia Pacific is expected to remain the dominant market for polyester staple fiber by 2024. The region accounted for 41% share in terms of revenue in 2015. China was the dominant producer of polyester fiber in 2015, followed by India. Demand for polyester staple fiber has been the highest in Asia Pacific of late. This trend is projected to continue over the next few years. North America and Europe are also key markets for polyester staple fiber.
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Global Polyester Staple Fiber Market: Competitive Landscape
Key players operating in the polyester staple fiber market are 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.
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