Polyester Staple Fiber Market Size, Share, Opportunities, And Trends By Product (Solid, Hollow), By Origin (Blended, Virgin, Recycled), By Application (Construction, Apparel, Automotive, Filtration, Others), And By Geography - Forecasts From 2023 To 2028

The polyester staple fiber market is projected to grow at a CAGR of 5.90% over the forecast period, increasing from US$22.409 billion in 2021 to reach a total market size of US$33.468 billion by 2028.

Polyester staple fiber is made by the process of polymerization of purified terephthalic acid and mono-ethylene glycol. Recycled polyethylene terephthalate bottle flakes are also used for the manufacturing of this product. It is lightweight, available in different colors, and is resistant to light. The increasing use of bio-based polyester staple fiber and the increasing adoption of polyester staple fibers in various end-use industry verticals is expected to further propel the market in the projected period.

Increasing demand in various end-user industries

The growing demand for polyester staple fibers in end-use industries such as automotive, apparel, and construction industry is expected to propel the market in the coming years. In the automotive sector, these fibers are used for the production of air filters, airbags, insulation material, and floor panels, among others. The rising production of vehicles in countries such as the United States and China is expected to further boost the market. For instance, according to the United States Department of Transportation, the total production of passenger cars and commercial vehicles combined reached 9,157 thousand units in 2021 up from 8,818 thousand units in 2020.

According to the India Brand Equity Foundation (IBEF), the real estate industry is growing in India, and various commercial and residential projects, both in urban and rural areas, are increasing at a faster pace. In 2017 the industry was worth US$120 billion, which is expected to reach US$650 billion in 2025, and in 2030, the industry is expected to grow to US$1,000 billion or US$1 trillion. Construction is the fourth largest industry in the country for foreign direct investment (FDI). With increasing construction activities and a rising focus on modern and luxury furniture, the demand for polyester staple fiber is anticipated to expand manifold in the upcoming years.

It is projected that the polyester staple fiber market in the USA will grow steadily. 

The textile industry which produces industrial, home furnishings, and clothing drives the USA market for polyester staple fibers. Market trends are influenced by the growing emphasis on eco-friendly and sustainable products. Fashion trends, trade policies, and the dynamics of global supply chains all play important roles in surging the market. In addition, the demand for polyester staple fiber applications in the United States is further influenced by consumer income levels and infrastructure development.

As per the USITC, in 2020, the value of U.S. imports into the textile and clothing industry increased to $127.7 billion, or $325 million (0.3%) more than in 2019. Nevertheless, there were numerous significant changes within the various textile and apparel digests. The highest decline in value from 2019 was seen in garment imports to the United States, which accounted for 62.5 percent of all imports and fell by $12.9 billion (13.9 percent). This is mostly because of the COVID-19 epidemic, due to which consumers bought fewer new clothes in 2020.

The US government is pursuing many measures for the polyester staple fiber market, such as enforcing sustainability standards, promoting the use of recycled fiber, and offering prospective funding for research and industry development programs to boost innovation and competitiveness. Furthermore, to address market needs and bolster their competitive positions, major players in the USA polyester staple fiber market use tactics like sustainability initiatives, strategic alliances, and ongoing innovation. Sustained growth also emphasizes effective customer relationship management and market expansion.

Market Key Developments

• In November 2023, the new polyester staple fiber process EvoSteam from Oerlikon Numag received the bluesign test label “bluesign VERIFIED DATA”. It will help in saving energy, water, and raw material consumption, as well as reduce operation costs (OPEX) and the carbon-dioxide footprints.
• In August 2021, Reliance Industries Limited (RIL) built a new recycled polyester staple fiber manufacturing facility in Andhra Pradesh. With this plant, the company aims to enhance the sustainability quotient and bolster the entire polyester and polymer value chain. Hence, in the coming years, the demand for recycled polyester staple fibers is anticipated to grow.
• In April 2021, in the expanding women's casual wear and loungewear sector, Eastman introduced their NaiaTM Renew cellulosic staple fiber in response to consumer demand for cozy, eco-friendly apparel. Its 60% wood pulp and 40% recycled waste plastics source allow for large-scale production that promotes sustainability without compromising the fashion industry.

Segmentation:

• By Product
  • Solid
  • Hollow
• By Origin
  • Blended
  • Virgin
  • Recycled
• By Application
  • Construction
  • Apparel
  • Automation
  • Filtration
  • Others
• By Geography
  • North America
    • By Product
    • By Origin
    • By Application
    • By Country
      • US
      • Canada
      • Mexico
  • South America
    • By Product
    • By Origin
    • By Application
    • By Country
      • Brazil
      • Argentina
      • Others
  • Europe
    • By Product
    • By Origin
    • By Application
    • By Country
      • Germany
      • UK
      • France
      • Italy
      • Others
  • Middle East and Africa
    • By Product
    • By Origin
    • By Application
    • By Country
      • Saudi Arabia
      • UAE
      • Israel
      • Others
  • Asia Pacific
    • By Product
    • By Origin
    • By Application
    • By Country
      • China
      • Japan
      • India
      • South Korea
      • Australia
      • Others

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1.  INTRODUCTION

1.1. Market Overview

1.2. Market Definition

1.3. Scope of the Study

1.4. Market Segmentation

1.5. Currency

1.6. Assumptions

1.7. Base, and Forecast Years Timeline

2. RESEARCH METHODOLOGY  

2.1. Research Data

2.2. Assumptions

3. EXECUTIVE SUMMARY

3.1. Research Highlights

4. MARKET DYNAMICS

4.1. Market Drivers

4.2. Market Restraints

4.3. Porter’s Five Force Analysis

4.3.1. Bargaining Power of Suppliers

4.3.2. Bargaining Power of Buyers

4.3.3. Threat of New Entrants

4.3.4. Threat of Substitutes

4.3.5. Competitive Rivalry in the Industry

4.4. Industry Value Chain Analysis

5. POLYESTER STAPLE FIBER MARKET BY PRODUCT 

5.1. Introduction

5.2. Solid

5.3. Hollow

6. POLYESTER STAPLE FIBER MARKET BY ORIGIN

6.1. Introduction

6.2. Blended

6.3. Virgin

6.4. Recycled

7. POLYESTER STAPLE FIBER MARKET BY APPLICATION

7.1. Introduction

7.2. Construction

7.3. Apparel

7.4. Automation

7.5. Filtration

7.6. Others

8. POLYESTER STAPLE FIBER MARKET BY GEOGRAPHY

8.1. Introduction

8.2. North America

8.2.1. By Product

8.2.2. By Origin

8.2.3. By Application

8.2.4. By Country 

8.2.4.1. US

8.2.4.2. Canada 

8.2.4.3. Mexico

8.3. South America

8.3.1. By Product

8.3.2. By Origin

8.3.3. By Application

8.3.4. By Country 

8.3.4.1. Brazil

8.3.4.2. Argentina

8.3.4.3. Others

8.4. Europe

8.4.1. By Product

8.4.2. By Origin

8.4.3. By Application

8.4.4. By Country 

8.4.4.1. Germany

8.4.4.2. UK

8.4.4.3. France

8.4.4.4. Italy

8.4.4.5. Others

8.5. Middle East and Africa

8.5.1. By Product

8.5.2. By Origin

8.5.3. By Application

8.5.4. By Country 

8.5.4.1. Saudi Arabia

8.5.4.2. UAE

8.5.4.3. Israel

8.5.4.4. Others

8.6. Asia Pacific

8.6.1. By Product

8.6.2. By Origin

8.6.3. By Application

8.6.4. By Country 

8.6.4.1. China

8.6.4.2. Japan

8.6.4.3. India

8.6.4.4. South Korea

8.6.4.5. Australia

8.6.4.6. Others

9. COMPETITIVE ENVIRONMENT AND ANALYSIS

9.1. Major Players and Strategy Analysis

9.2. Market Share Analysis

9.3. Mergers, Acquisition, Agreements, and Collaborations

10. COMPANY PROFILES

10.1. Toray Group 

10.2. Penfibre SDN Berhad

10.3. USFibers

10.4. Abris Capital Partners

10.5. TEIJIN FRONTIER CO., LTD.

10.6. Recron (Reliance Industries Limited)

10.7. Huvis Corp.

10.8. Indorama Corporation

10.9. Bombay Dyeing

10.10. VNPOLYFIBER

Toray Group

Penfibre SDN Berhad

USFibers

Abris Capital Partners

TEIJIN FRONTIER CO., LTD.

Recron (Reliance Industries Limited)

Huvis Corp.

Indorama Corporation

Bombay Dyeing

VNPOLYFIBER