Polyester Staple Fiber Market is Projected to Reach US$42,415.1 Million by 2024; Global Industry Analysis, Size, Share, Growth, Trends, and Forecast 2016 - 2024: Transparency Market Research

ALBANY, New York, September 28, 2016 /PRNewswire/ --

Transparency Market Research has released a new market report titled "Polyester Staple Fiber (Solid and Hollow) Market, by Origin (Virgin Polyester Staple Fiber Recycled Polyester Staple Fiber Blend of Virgin and Recycled Polyester Staple Fiber) for Apparel, Automotive, Home Furnishing, Filtration, Construction, Personal Care & Hygiene and Other End-use - Global Industry Analysis, Size, Share, Growth, Trends, and Forecast, 2016-2024." According to the report, the global polyester staple fiber market was valued at US$ 23,404.0 Mn in 2015 and 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 reach 23,472.9 kilo tons by 2024, expanding at a CAGR of 4.0% between 2016 and 2024.

In the global cotton-dominated apparel market, polyester staple fiber (PSF) has emerged as the fastest-growing segment in the recent past. The major reasons behind its increasing demand are its inherent good quality and the premium fetched by blended yarn in international markets. Polyester staple fibers are used in a wide range of applications such as carpets and rugs, fiberfill and nonwoven fabrics, home furnishings, and apparels. 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.

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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. These include carpets and rugs, vinyl and rubber floor coverings, tiles, hardwood flooring, and laminate floor coverings. Increase in the number of residential and commercial buildings is estimated to boost the demand for polyester staple fiber across the globe.

The global polyester staple fiber market has been segmented into type, origin, and end-use. In terms of type, the global polyester staple fiber market has been divided into solid fiber and hollow fiber. Solid polyester staple fiber is considered the leading polyester staple fiber with total global of more than 65% in 2015. In terms of end-use, the global polyester staple fiber has been divided into apparel, automotive, home furnishing, filtration, construction, personal care & hygiene, and others (toys, wadding, etc.). Apparel was the largest end-use segment of the global polyester staple fiber market in 2015. It was followed by home furnishing and personal care & hygiene. In the forecast period the revenue from the home furnishing end use segment would rise ate CAGR of 8.08% between 2016 and 2024.

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Major players in the polyesters 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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Polyester Staple Fiber Market: By Type 

• Solid Fiber
• Hollow Fiber

Polyester Staple Fiber Market: By Origin 

• Virgin Polyester Staple Fiber
• Recycled Polyester Staple Fiber
• Blend of Virgin and Recycled Polyester Staple Fiber

Polyester Staple Fiber Market: By End-use 

• Apparel
• Automotive
• Home Furnishing
• Filtration
• Construction
• Personal Care & Hygiene
• Others (toys, wadding, etc.)

Polyester Staple Fiber Market: By Region 

North America 

• U.S.
• Canada

Europe 

• U.K.
• France
• Germany
• Spain
• Italy
• Rest of Europe

Asia Pacific 

• China
• Japan
• India
• ASEAN
• Rest of Asia Pacific

Middle East & Africa 

• GCC
• Egypt
• South Africa
• Rest of Middle East and Africa

Latin America 

• Brazil
• Mexico
• Rest of Latin America

Browse other related Research Report & TOC: 

• Global Polyester Fiber Market: http://www.transparencymarketresearch.com/polyester-fiber-market.html

About TMR 

Transparency Market Research (TMR) is a global market intelligence company providing business information reports and services. The company's exclusive blend of quantitative forecasting and trend analysis provides forward-looking insight for thousands of decision makers. TMR's experienced team of analysts, researchers, and consultants use proprietary data sources and various tools and techniques to gather and analyze information.

TMR's data repository is continuously updated and revised by a team of research experts so that it always reflects the latest trends and information. With extensive research and analysis capabilities, Transparency Market Research employs rigorous primary and secondary research techniques to develop distinctive data sets and research material for business reports.

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SOURCE Transparency Market Research