TMR_Research_Reports_2017 Polyester Staple Fiber Market Size 2024 | Seite 2

Polyester Staple Fiber Market
REPORT DESCRIPTION
Polyester Staple Fiber Market - Global Industry Analysis Size Share
Growth Trends and Forecast 2016 – 2024
The global polyester staple fiber market features a high degree of fragmentation between suppliers and has a
presence of a number of buyers seeking competent suppliers, finds Transparency Market Research (TMR).
Some of the major companies operating in the market are Far Eastern New Century, Reliance Industries
Limited, Sinopec Limited, Toray Industries, Inc., and Alpek. The market is also characterized by long gestation
period and substantial capital investments required upfront in setting up manufacturing plants. As a result, the
polyester staple fiber market features a moderate threat of entry by new players.
Several players are focusing on parameters such as the quality of finished products, aftersales support, and
credit terms for buyers in order to gain a competitive edge over others. The degree of competition is anticipated
to remain moderate throughout the forecast period (2016–2024), notes TMR.
The global polyester staple fiber market was valued at US$23,404.0 mn in 2015. Rising at a CAGR of 7.5%
during 2016–2024, the market is estimated to reach US$42,415.1 mn by the end of the forecast period.
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fiber.html
Apparel Industry to Offer Lucrative Opportunities for Manufacturers of Polyester Stable Fibers
Geographically, the major regions for the growth of polyester staple fiber market are Europe, North America,
Asia Pacific, the Middle East & Africa (MEA), and Latin America. Of these, presently, Asia Pacific is the
leading regional market for polyester staple fibers and held a major share in 2015. The regional market is
expected to maintain its lead throughout the forecast period and a large part of opportunities are witnessed in
countries such as China and India, which are major producers.
On the basis of end use, the polyester staple fiber is segmented into automotive, apparel, home furnishing,
construction, filtration, toys, wadding, and personal care and hygiene. Of these, the apparel industry held the
major share of over 20% in 2015 and is emerging as the most promising application segment. The end-use
application segment is expected to lead throughout the forecast period.
Growing Prominence of Man-made Fibers to Bolster Uptake of Polyester Staple Fibers
The growing popularity of man-made fibers in the textile industry is a key factor propelling the demand for
polyester staple fibers market. The declining consumption of cotton in the textile industry world over coupled
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