Title: Polyester Staple Fiber Market - Forecast(2021 - 2026)
1Polyester Staple Fiber Market - Forecast(2021 -
2026)
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- Polyester Staple Fiber Market is forecast to
reach 24.5 billion by 2026, after growing at a
CAGR of 6.1 during 2021-2026. - Polyester is a synthetic polymer produced from
purified terephthalic acid (PTA) or its dimethyl
ester terephthalate (DMT) and monoethylene glycol
(MEG). - Globally, rising demand for apparel, increasing
automotive industry, increasing government
initiative, and increasing construction
activities in various regions, are the prime
growth drivers of the global polyester staple
fiber market. -
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- Key Takeaways
- Asia-Pacific dominates the polyester staple fiber
market, owing to the increasing demand for
polyester staple fiber from the apparel industry
in the region. The increasing per capita income
and rapid urbanization is the key factor driving
the apparel industry in the APAC region. - Rising polyester staple fiber demand from various
end-use industries such as home furnishing,
construction, geotextiles, and automotive, owing
to its long-term effectiveness, high elastic
resilience, tenacity, and eco-friendly nature is
boosting the market growth during the forecast
period.
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By Distribution Channel- Segment Analysis The
apparel industry held the largest share in the
polyester staple fiber market in 2020 and is
growing at a CAGR of 6.5, owing to the growing
demand for polyester staple fiber for the
manufacturing of apparels because of its
properties such as lightweight, good
hygroscopicity, and softness. Hollow polyester
staple fiber is widely used to make thin thermal
underwear, warm winter casual wear, and
sportswear with good warm-keeping, soft feeling,
and soft luster.
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- Polyester Staple Fiber Market - Forecast(2021 -
2026) Market Industry Outlook - Toray Chemical Korea Inc.,
- W. Barnet Gmbh Co. KG,
- Alpek S.A.B. de C.V.,
- Reliance Industries Limited,
- Diyou Fibre (M) Sdn Bhd.,
- Huvis Corporation.
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Polyester Staple Fiber Market
- Forecast(2021 - 2026) Learn More About the
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/polyester-staple-fiber-market.html
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