The global polyester staple fiber (PSF) market is anticipated to grow at a CAGR of around % during the forecast period (2021-2027). The apparel industry is considered one of the biggest end-users of the PSF. The increasing demand for sportswear, activewear, and intimate wear is motivating the demand for polyester staple fiber in the apparel segment and thereby, propelling its market. Moreover, the PSF is considered the best alternative for cotton. Most textile manufacturing companies use PSF in place of cotton owing to its numerous properties which include being cost-effective, durable, available in a variety of designs and colors. The increasing population in the major economies of the globe motivates the textile industry to come up with apparel with better antimicrobial properties and offer advanced protection against bad odor and infections, that’s why they are highly inclined towards the adoption of polyester staple fiber in the manufacturing of apparels.
Browse the full report description of “Global Polyester Staple Fiber Market Size, Share & Trends Analysis Report By Origin (Virgin, Recycled, and Blended) By Product (Solid, Hollow, and Others) By Application (Apparel, Automotive, Home Furnishing, Filtration, Personal Care & Hygiene, and Electrical & Electronics) Forecast 2021-2027” at https://www.omrglobal.com/industry-reports/polyester-staple-fiber-market
The growing textile and apparel industry in major economies led to the high demand for cotton alternatives such as PSF which in turn, will boost the market growth. As per the IBEF, in India, the textiles and apparel industry contributed 2% to the GDP, 12% to export earnings, and held 5% of the global trade in textiles and apparel in 2018-19. Moreover, the industry attracted $ 3.75 billion FDI from April 2000 to March 2021. Apart from these, the high consumer spending in economies motivates appeal manufacturers to adopt antimicrobial material and technical textiles to improve the overall product quality in order to follow growing trends. In the UK, the consumer spends almost $60.34 billion on clothing and textiles, which has been steadily rising over the last decade.
Market Coverage
• The market number available for – 2020-2027
• Base year- 2020
• Forecast period- 2021-2027
• Segment Covered-
o By Origin
o By Product
o By Application
• Regions Covered-
o North America
o Europe
o Asia-Pacific
o Rest of the World
Competitive Landscape- Toray Chemical Korea, Inc., W. Barnet GmbH & Co. KG, Alpek, S.A.B. de C.V., Bombay Dyeing & Manufacturing Company Ltd., Reliance Industries Ltd., and others.
• Key questions addressed by the report
• What is the market growth rate?
• Which segment and region dominate the market in the base year?
• Which segment and region will project the fastest growth in the market?
• How COVID-19 impacted the market?
o Deviation from the pre-COVID-19 forecast
o Most affected region and segment
• Who is the leader in the market?
• How players are addressing challenges to sustain growth?
• Where is the investment opportunity?
Global Polyester staple fiber (PSF) Market Report Segment
• Global Polyester staple fiber Market, By Origin
o Virgin
o Recycled
o Blended
• Global Polyester staple fiber Market, By Product
o Solid
o Hollow
o Others
• Global Polyester staple fiber Market, By Application
o Apparel
o Automotive
o Home Furnishing
o Filtration
o Personal Care & Hygiene
o Electrical & Electronics
Global Polyester staple fiber (PSF) Market Report by Region
North America
• United States
• Canada
Europe
• UK
• Germany
• Italy
• Spain
• France
• Rest of Europe
Asia-Pacific
• China
• India
• Japan
• South Korea
• Rest of Asia-Pacific
Rest of the World
• Latin America
• Middle East & Africa
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