June 13, 2022 07:58 ET | Source: Research and Markets Research and Markets
Dublin, June 13, 2022 (GLOBE NEWSWIRE) -- The "Polyester Staple Fiber Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2022-2027" report has been added to ResearchAndMarkets.com's offering. The global polyester staple fiber market reached a value of US$ 22 Billion in 2021. Looking forward, the publisher expects the market to reach US$ 29 Billion by 2027, exhibiting a CAGR of 4.95% during 2022-2027. Keeping in mind the uncertainties of COVID-19, we are continuously tracking and evaluating the direct as well as the indirect influence of the pandemic on different end use industries. These insights are included in the report as a major market contributor. 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:
The publisher provides an analysis of the key trends in each sub-segment of the global polyester staple fiber market, along with forecasts at the global, regional and country level from 2022-2027. Our report has categorized the market based on origin, product and application. Breakup by Origin:
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:
Key Topics Covered: 1 Preface 2 Scope and Methodology 3 Executive Summary 4 Introduction 4.1 Overview 4.2 Key Industry Trends 5 Global Polyester Staple Fiber Market 5.1 Market Overview 5.2 Market Performance 5.3 Impact of COVID-19 5.4 Market Forecast 6 Market Breakup by Origin 6.1 Virgin 6.1.1 Market Trends 6.1.2 Market Forecast 6.2 Recycled 6.2.1 Market Trends 6.2.2 Market Forecast 6.3 Blended 6.3.1 Market Trends 6.3.2 Market Forecast 7 Market Breakup by Product 7.1 Solid 7.1.1 Market Trends 7.1.2 Market Forecast 7.2 Hollow 7.2.1 Market Trends 7.2.2 Market Forecast 8 Market Breakup by Application 8.1 Automotive 8.1.1 Market Trends 8.1.2 Market Forecast 8.2 Home Furnishing 8.2.1 Market Trends 8.2.2 Market Forecast 8.3 Apparel 8.3.1 Market Trends 8.3.2 Market Forecast 8.4 Filtration 8.4.1 Market Trends 8.4.2 Market Forecast 8.5 Others 8.5.1 Market Trends 8.5.2 Market Forecast 9 Market Breakup by Region 10 SWOT Analysis
11 Value Chain Analysis 12 Porters Five Forces Analysis 13 Price Analysis 14 Competitive Landscape 14.1 Market Structure 14.2 Key Players 14.3 Profiles of Key Players 14.3.1 Alpek S.A.B. de C.V. (Alfa S.A.B. de C.V.) 220.127.116.11 Company Overview 18.104.22.168 Product Portfolio 22.214.171.124 Financials 14.3.2 Bombay Dyeing 126.96.36.199 Company Overview 188.8.131.52 Product Portfolio 14.3.3 China Petroleum Corporation (Sinopec Group) 184.108.40.206 Company Overview 220.127.116.11 Product Portfolio 14.3.4 Diyou Fibre (M) Sdn Bhd 18.104.22.168 Company Overview 22.214.171.124 Product Portfolio 14.3.5 Far Eastern New Century Corporation 126.96.36.199 Company Overview 188.8.131.52 Product Portfolio 184.108.40.206 Financials 14.3.6 Huvis Corporation 220.127.116.11 Company Overview 18.104.22.168 Product Portfolio 22.214.171.124 Financials 14.3.7 Indorama Corporation 126.96.36.199 Company Overview 188.8.131.52 Product Portfolio 14.3.8 Reliance Industries Limited 184.108.40.206 Company Overview 220.127.116.11 Product Portfolio 18.104.22.168 Financials 22.214.171.124 SWOT Analysis 14.3.9 Shubhalakshmi Polyester Ltd 126.96.36.199 Company Overview 188.8.131.52 Product Portfolio 14.3.10 Toray Industries Inc. 184.108.40.206 Company Overview 220.127.116.11 Product Portfolio 18.104.22.168 Financials 22.214.171.124 SWOT Analysis 14.3.11 XINDA Corp 126.96.36.199 Company Overview 188.8.131.52 Product Portfolio For more information about this report visit https://www.researchandmarkets.com/r/626o0l