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Polyester Staple Fiber Market Report by Origin (Virgin, Recycled, Blended), Product (Solid, Hollow), Application (Automotive, Home Furnishing, Apparel, Filtration, and Others), and Region 2024-2032
Report Format: PDF+Excel | Report ID: SR112024A3869
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Market Overview:
The global polyester staple fiber market size reached US$ 23.9 Billion in 2023. Looking forward, IMARC Group expects the market to reach US$ 36.0 Billion by 2032, exhibiting a growth rate (CAGR) of 4.5% during 2024-2032.
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Report Attribute
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Key Statistics
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|---|---|
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Base Year
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2023
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Forecast Years
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2024-2032
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Historical Years
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2018-2023
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Market Size in 2023
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US$ 23.9 Billion |
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Market Forecast in 2032
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US$ 36.0 Billion |
| Market Growth Rate 2024-2032 | 4.5% |
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.
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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:
IMARC Group provides an analysis of the key trends in each sub-segment of the global polyester staple fiber market report, along with forecasts at the global, regional and country level from 2024-2032. Our report has categorized the market based on origin, product and application.
Breakup by Origin:
Note: Information in the above chart consists of dummy data and is only shown here for representation purpose. Kindly contact us for the actual market size and trends.
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- Virgin
- Recycled
- Blended
Breakup by Product:
- Solid
- Hollow
Breakup by Application:
- Automotive
- Home Furnishing
- Apparel
- Filtration
- Others
Breakup by Region:
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- North America
- United States
- Canada
- Asia-Pacific
- China
- Japan
- India
- South Korea
- Australia
- Indonesia
- Others
- Europe
- Germany
- France
- United Kingdom
- Italy
- Spain
- Russia
- Others
- Latin America
- Brazil
- Mexico
- Others
- Middle East and Africa
Competitive Landscape:
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.
Report Coverage:
| Report Features | Details |
|---|---|
| Base Year of the Analysis | 2023 |
| Historical Period | 2018-2023 |
| Forecast Period | 2024-2032 |
| Units | US$ Billion |
| Segment Coverage | Origin, Product, Application, Region |
| Region Covered | Asia Pacific, Europe, North America, Latin America, Middle East and Africa |
| Countries Covered | United States, Canada, Germany, France, United Kingdom, Italy, Spain, Russia, China, Japan, India, South Korea, Australia, Indonesia, Brazil, Mexico |
| Companies Covered | 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 |
| Customization Scope | 10% Free Customization |
| Report Price and Purchase Option | Single User License: US$ 3899 Five User License: US$ 4899 Corporate License: US$ 5899 |
| Post-Sale Analyst Support | 10-12 Weeks |
| Delivery Format | PDF and Excel through Email (We can also provide the editable version of the report in PPT/Word format on special request) |
The global polyester staple fiber market was valued at US$ 23.9 Billion in 2023.
We expect the global polyester staple fiber market to exhibit a CAGR of 4.5% during 2024-2032.
The growing construction industry, along with the rising demand for polyester staple fiber in concrete to fill up cracks and enhance the overall quality of walls, tanks, tiles, blocks, etc., is primarily driving the global polyester staple fiber market.
The sudden outbreak of the COVID-19 pandemic had led to the implementation of stringent lockdown regulations across several nations, resulting in the temporary halt in numerous production activities for polyester staple fiber.
Based on the origin, the global polyester staple fiber market can be segmented into virgin, recycled, and blended, where virgin currently holds the majority of the total market share.
Based on the product, the global polyester staple fiber market has been divided into solid and hollow. Currently, solid exhibits a clear dominance in the market.
Based on the application, the global polyester staple fiber market can be categorized into automotive, home furnishing, apparel, filtration, and others. Among these, apparel accounts for the largest market share.
On a regional level, the market has been classified into North America, Asia-Pacific, Europe, Latin America, and Middle East and Africa, where Asia-Pacific currently dominates the global market.
Some of the major players in the global polyester staple fiber market include 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.
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