Global Polyester Staple Fiber And Nylon Staple Fibers
Market Report
2024
The Global Polyester Staple Fiber And Nylon Staple Fibers market size will be USD 23.8 billion in 2023. They will expand at a compound annual growth rate (CAGR) of 5.50% from 2023 to 2030.
The base year for the calculation is 2023 and 2019 to 2023 will be historical period. The year 2024 will be estimated one while the forecasted data will be from year 2025 to 2031. When we deliver the report that time we updated report data till the purchase date.
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According to Cognitive Market Research, The Global Polyester Staple Fiber And Nylon Staple Fibers market size will be USD 23.8 billion in 2023. They will expand at a compound annual growth rate (CAGR) of 5.50% from 2023 to 2030.
Base Year | 2023 |
Historical Data Time Period | 2019-2023 |
Forecast Period | 2024-2031 |
Global Polyester Staple Fiber And Nylon Staple Fibers Market Sales Revenue 2023 | $ 23.8 Billion |
Global Polyester Staple Fiber And Nylon Staple Fibers Market Compound Annual Growth Rate (CAGR) for 2024 to 2031 | 5.5% |
North America Polyester Staple Fiber And Nylon Staple Fibers Market Sales Revenue 2023 | $ 9.52 Billion |
North America Polyester Staple Fiber And Nylon Staple Fibers Compound Annual Growth Rate (CAGR) for 2024 to 2031 | 4.3% |
Europe Polyester Staple Fiber And Nylon Staple Fibers Market Sales Revenue 2023 | $ 7.14 Billion |
Europe Polyester Staple Fiber And Nylon Staple Fibers Compound Annual Growth Rate (CAGR) for 2024 to 2031 | 4.5% |
Asia Pacific Polyester Staple Fiber And Nylon Staple Fibers Market Sales Revenue 2023 | $ 5.24 Billion |
Asia Pacific Polyester Staple Fiber And Nylon Staple Fibers Compound Annual Growth Rate (CAGR) for 2024 to 2031 | 7.3% |
South America Polyester Staple Fiber And Nylon Staple Fibers Market Sales Revenue 2023 | $ 1.19 Billion |
South America Polyester Staple Fiber And Nylon Staple Fibers Compound Annual Growth Rate (CAGR) for 2024 to 2031 | 5.3% |
Middle East and Africa Polyester Staple Fiber And Nylon Staple Fibers Market Sales Revenue 2023 | $ 0.71 Billion |
Middle East and Africa Polyester Staple Fiber And Nylon Staple Fibers Compound Annual Growth Rate (CAGR) for 2024 to 2031 | 5.4% |
Market Split by Product Type |
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Market Split by Application |
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List of Competitors |
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Regional Analysis |
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Country Analysis |
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Key Qualitative Information Covered |
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Polyester Staple Fiber And Nylon Staple Fibers Market is Segmented as below. Particular segment of your interest can be provided without any additional cost. Download the Sample Pages!
Polyester Staple Fiber (PSF) is a type of synthetic fibre made from polyethene terephthalate (PET) polymer, which is derived from petrochemical sources. PSF is produced through a series of processes, including polymerization, melt spinning, and post-treatment. It is known for its versatility, durability, and resilience. Market growth is fueled by increasing emphasis on sustainable and eco-friendly materials in the textile industry and growing demand for textile products, including apparel, home textiles, and industrial fabrics.
For instance, in October 2022, the Competition Commission of India (CCI) approved the acquisition of Shubhalakshmi Polyesters Limited and Shubhlaxmi Polytex Limited by Reliance Polyester Limited. This acquisition will primarily supply and produce certain petrochemical products such as polyester staple fibre (PSF), polyethene terephthalate chips, and different polyester yarns.
(Source: pib.gov.in/PressReleaseIframePage.aspx?PRID=1869749)
One key driver in the Polyester Staple Fiber market is the increasing focus on sustainable practices and recycling initiatives. With growing environmental concerns, manufacturers are adopting strategies to produce recycled Polyester Staple Fiber (rPSF) by utilizing post-consumer PET bottles. The demand for eco-friendly textiles has surged, and consumers are increasingly seeking products that align with sustainability goals. As a result, the adoption of recycled polyester fibres has become a prominent trend, propelling the market forward. The commitment to sustainable sourcing and manufacturing processes not only addresses environmental concerns but also meets the changing preferences of conscious consumers.
August 2021, Reliance Industries Limited (RIL) will open a new recycled polyester staple fibre (PSF) manufacturing facility in Andhra Pradesh, India, that will double its capacity for recycled PET. This manufacturing facility will increase the company's capacity for post-consumer PET bottles by up to 5 billion.
Another significant driver for polyester staple fiber is its inherent versatility and broad application spectrum. Polyester fibres are utilized in a wide range of industries, including textiles, apparel, home furnishings, and non-woven materials. The fibres' adaptability to various production processes, ease of blending with other fibres, and favourable properties such as wrinkle resistance and durability contribute to their extensive use. The diverse applications across multiple industries make Polyester Staple Fiber a preferred choice, driving demand and market growth. Its versatility ensures a steady market presence as it continues to play a crucial role in meeting the varied needs of different sectors.
In March 2023, Reliance Industries completed the acquisition of Sintex Industries. The development occurred a year after banks approved the acquisition and a month after the National Company Law Tribunal (NCLT) approved the transaction.
One significant restraint affecting both markets is the volatility in raw material prices, particularly the pricing fluctuations of petrochemical-based feedstocks. The Polyester Staple Fiber market heavily relies on petrochemical-derived polyethene terephthalate (PET), while the Nylon Staple fibre market depends on the costs of polyamide polymers. Fluctuations in crude oil prices, geopolitical tensions, and global economic uncertainties contribute to the unpredictability of raw material costs, impacting the operational expenses for manufacturers. Supply chain disruptions, exacerbated by external factors like natural disasters and geopolitical events, further intensify the challenges.
The COVID-19 pandemic had a notable impact on both the polyester staple fibre (PSF) and nylon staple fibre markets. Disruptions in global supply chains, lockdowns, and reduced consumer spending during the pandemic led to a decline in demand for textile and apparel products, affecting the overall market for staple fibres. The temporary closure of manufacturing facilities and disruptions in logistics affected production capacities, leading to fluctuations in raw material prices. While there was an initial slowdown in demand, especially in segments like apparel and non-essential textiles, the markets have shown resilience as industries adapted to the new normal.
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The competitive landscape of the Polyester Staple Fiber and nylon Staple Fibers market is characterized by intense global competition and a continual emphasis on technological prowess. Key players in the industry engage in strategic initiatives, including mergers, acquisitions, and partnerships, to consolidate their market positions and enhance their technological capabilities.
(Source: www.textiletechnology.net/fibers/news/fibertex-corp.-acquisition-by-stein-fibers-33362)
Top Companies Market Share in Polyester Staple Fiber And Nylon Staple Fibers Industry: (In no particular order of Rank)
If any Company(ies) of your interest has/have not been disclosed in the above list then please let us know the same so that we will check the data availability in our database and provide you the confirmation or include it in the final deliverables.
According to Cognitive Market Research, the global Polyester Staple Fiber and nylon Staple Fibers market size was estimated at USD 23.8 Billion, out of which North America held the major market of more than 40% of the global revenue with a market size of USD 9.52 billion in 2023 and will grow at a compound annual growth rate (CAGR) of 4.3% from 2023 to 2030. In the regional analysis, North America demonstrates a robust demand for staple fibres driven by a well-established textile industry, including apparel, home furnishings, and industrial applications. Segmentation analysis reveals the widespread use of both Polyester and Nylon Staple Fibers in various sectors, contributing to the region's dominance. The Apparel segment thrives on the production of high-quality clothing items, while the Industrial segment witnesses substantial demand for specialized materials. In conclusion, North America's leadership in textile manufacturing, coupled with the versatility of staple fibres, positions the region as a key driver in the global market, emphasizing its integral role in shaping the Polyester Staple Fiber and nylon Staple Fibers industry.
According to Cognitive Market Research, the global Polyester Staple Fiber and nylon Staple Fibers market size was estimated at USD 23.8 Billion, out of which Asia Pacific is the fastest growing market with more than 22% of the global revenue with a market size of USD 5.24 billion in 2023 and will grow at a compound annual growth rate (CAGR) of 7.3% from 2023 to 2030. In the regional analysis, Asia Pacific demonstrates a robust demand for staple fibres, particularly Polyester and Nylon, owing to the region's economic growth and burgeoning population. The Apparel segment takes centre stage, responding to dynamic fashion trends and consumer preferences. Simultaneously, the Industrial segment witnesses substantial growth as Asia Pacific positions itself as a global manufacturing hub. Segmentation analysis highlights the diverse applications, from clothing to industrial materials, reflecting the adaptability of staple fibres to the region's evolving needs. In conclusion, Asia Pacific's strategic combination of industrial development, innovation, and changing consumer demands propels it as the fastest-growing region, shaping the trajectory of the Polyester Staple Fiber and nylon Staple fibre market.
The current report Scope analyzes Polyester Staple Fiber And Nylon Staple Fibers Market on 5 major region Split (In case you wish to acquire a specific region edition (more granular data) or any country Edition data then please write us on info@cognitivemarketresearch.com
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According to Cognitive Market Research, the global Polyester Staple Fiber and nylon Staple Fibers market size was estimated at USD 23.8 Billion, out of which North America held the major market of more than 40% of the global revenue with a market size of USD 9.52 billion in 2023 and will grow at a compound annual growth rate (CAGR) of 4.3% from 2023 to 2030. In the regional analysis, North America demonstrates a robust demand for staple fibres driven by a well-established textile industry, including apparel, home furnishings, and industrial applications. Segmentation analysis reveals the widespread use of both Polyester and Nylon Staple Fibers in various sectors, contributing to the region's dominance. The Apparel segment thrives on the production of high-quality clothing items, while the Industrial segment witnesses substantial demand for specialized materials. In conclusion, North America's leadership in textile manufacturing, coupled with the versatility of staple fibres, positions the region as a key driver in the global market, emphasizing its integral role in shaping the Polyester Staple Fiber and nylon Staple Fibers industry.
According to Cognitive Market Research, the global Polyester Staple Fiber and nylon Staple Fibers market size was estimated at USD 23.8 Billion, out of which Europe market more than 30% of the global revenue with a market size of USD 7.14 billion in 2023 and will grow at a compound annual growth rate (CAGR) of 4.5% from 2023 to 2030. Europe plays a pivotal role in the Polyester Staple Fiber and nylon Staple Fibers market, boasting a rich textile heritage and a strong commitment to sustainable innovations. In the regional analysis, Europe showcases a well-established textile industry, leveraging both Polyester and Nylon Staple Fibers for diverse applications. Europe's emphasis on sustainability is evident in the growing demand for recycled materials, aligning with the region's eco-conscious consumers. In conclusion, Europe's textile expertise, combined with a dedication to sustainable practices, positions the region as a key influencer in shaping the Polyester Staple Fiber and nylon Staple fibre market within the global textile landscape.
According to Cognitive Market Research, the global Polyester Staple Fiber and nylon Staple Fibers market size was estimated at USD 23.8 Billion, out of which Asia Pacific is the fastest growing market with more than 22% of the global revenue with a market size of USD 5.24 billion in 2023 and will grow at a compound annual growth rate (CAGR) of 7.3% from 2023 to 2030. In the regional analysis, Asia Pacific demonstrates a robust demand for staple fibres, particularly Polyester and Nylon, owing to the region's economic growth and burgeoning population. The Apparel segment takes centre stage, responding to dynamic fashion trends and consumer preferences. Simultaneously, the Industrial segment witnesses substantial growth as Asia Pacific positions itself as a global manufacturing hub. Segmentation analysis highlights the diverse applications, from clothing to industrial materials, reflecting the adaptability of staple fibres to the region's evolving needs. In conclusion, Asia Pacific's strategic combination of industrial development, innovation, and changing consumer demands propels it as the fastest-growing region, shaping the trajectory of the Polyester Staple Fiber and nylon Staple fibre market.
According to Cognitive Market Research, the global Polyester Staple Fiber and nylon Staple Fibers market size was estimated at USD 23.8 Billion, out of which Latin America market of more than 5% of the global revenue with a market size of USD 1.19 billion in 2023 and will grow at a compound annual growth rate (CAGR) of 5.3% from 2023 to 2030. Latin America emerged as a dynamic player in the Polyester Staple Fiber and nylon Staple Fibers market, marked by a growing textile industry and emerging market trends. In the regional analysis, Latin America demonstrates a steady demand for staple fibres driven by the Apparel and Home Furnishings segments. The vibrant and evolving fashion preferences in the Apparel segment contribute to the demand for high-quality staple fibres, meeting the needs of a diverse and expanding consumer base. As Latin America's textile industry embraces modernization and technological advancements, the market for staple fibres experiences robust growth. In conclusion, Latin America's strategic position as an emerging market with a flourishing textile industry positions it as a significant contributor to the polyester staple fibre and nylon staple fibre market, navigating evolving market dynamics.
According to Cognitive Market Research, the global Polyester Staple Fiber and nylon Staple Fibers market size was estimated at USD 23.8 Billion, out of which the Middle East and Africa markets have more than 3.00% of the global revenue with a market size of USD 0.71 billion in 2023 and will grow at a compound annual growth rate (CAGR) of 5.4% from 2023 to 2030. The Middle East and Africa showcase the promising potential in the Polyester Staple Fiber and nylon Staple Fibers market, driven by industrial growth and textile innovation. In the regional analysis, the Middle East and Africa demonstrate an increasing demand for staple fibres, particularly in the Industrial Materials segment, reflecting the region's expanding industrial landscape. Applications in technical textiles and industrial fabrics contribute to the steady growth of staple fibre consumption. As the Middle East and Africa invest in infrastructure and technological advancements, the Polyester Staple Fiber and nylon Staple Fibers market experiences a positive trajectory. In conclusion, the region's strategic focus on industrialization and innovation positions it as a key player in shaping the evolving dynamics of the global staple fibres market.
Global Polyester Staple Fiber And Nylon Staple Fibers Market Report 2024 Edition talks about crucial market insights with the help of segments and sub-segments analysis. In this section, we reveal an in-depth analysis of the key factors influencing Polyester Staple Fiber And Nylon Staple Fibers Industry growth. Polyester Staple Fiber And Nylon Staple Fibers market has been segmented with the help of its Product Type, Application , and others. Polyester Staple Fiber And Nylon Staple Fibers market analysis helps to understand key industry segments, and their global, regional, and country-level insights. Furthermore, this analysis also provides information pertaining to segments that are going to be most lucrative in the near future and their expected growth rate and future market opportunities. The report also provides detailed insights into factors responsible for the positive or negative growth of each industry segment.
According to Cognitive Market Research, virgin polyester staple fiber (Virgin PSF) emerges as the dominant category, primarily due to its established quality and consistent market demand. Virgin PSF is manufactured directly from new and unused PET materials, ensuring a high level of purity and quality in the fibres. Industries such as apparel, home furnishings, and non-woven materials often prioritize the use of Virgin PSF to achieve optimal performance and durability in end products. The market demand for high-quality fibres, especially in applications where purity and consistency are paramount, solidifies the dominance of Virgin PSF in the Polyester Staple Fiber market.
The fastest-growing category in the polyester staple fiber market is recycled polyester staple fiber (Recycled PSF), driven by sustainability trends and increasing environmental awareness. As consumers and industries place a greater emphasis on eco-friendly practices, there is a rising demand for recycled and sustainable materials. Recycled PSF, made from post-consumer PET bottles and other recycled sources, aligns with these sustainability goals. The growing awareness of environmental issues and the circular economy contributes to the rapid growth of Recycled PSF.
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According to Cognitive Market Research, cloth materials emerge as the dominant category, driven by sustained demand and versatile applications. Cloth Materials, including apparel and textiles, represent a foundational and consistent application for both types of staple fibres. The fashion and textile industries extensively utilize these fibres to manufacture a wide range of clothing items due to their inherent qualities, such as durability, softness, and versatility. The consistent consumer demand for fashionable and comfortable clothing ensures the dominance of Cloth Materials in the market.
The fastest-growing category in the polyester staple fiber and nylon staple fibers market is industrial materials, responding to evolving industrial needs and performance demands. Industrial Materials, encompassing applications in manufacturing, automotive textiles, and technical fabrics, are witnessing a rapid surge in demand. Both Polyester and Nylon Staple Fibers, known for their strength, durability, and resistance to various environmental factors, find increased use in industries that require high-performance materials. As technological advancements drive innovations in industrial processes, the demand for specialized materials with enhanced strength and resilience grows.
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The Global Polyester Staple Fiber And Nylon Staple Fibers Market is witnessing significant growth in the near future.
In 2023, the Virgin Polyester Staple Fiber (Virgin PSF) segment accounted for noticeable share of global Polyester Staple Fiber And Nylon Staple Fibers Market and is projected to experience significant growth in the near future.
The Cloth Materials segment is expected to expand at the significant CAGR retaining position throughout the forecast period.
Some of the key companies Indorama , Sanfangxiang and others are focusing on its strategy building model to strengthen its product portfolio and expand its business in the global market.
Please note, we have not disclose, all the sources consulted/referred during a market study due to confidentiality and paid service concern. However, rest assured that upon purchasing the service or paid report version, we will release the comprehensive list of sources along with the complete report and we also provide the data support where you can intract with the team of analysts who worked on the report.
Disclaimer:
Product Type | Virgin Polyester Staple Fiber (Virgin PSF), Recycled Polyester Staple Fiber (Recycled PSF) |
Application | Cloth Materials, Home Furnishings, Industrial Materials, Others |
List of Competitors | Indorama, Fujian Jinlun , Sanfangxiang , FENC , Reliance , Huaxi , Jiangnan High Fiber , Yizheng , Hua Hong , DAK Americas , Advance , Wellman , Huahong |
This chapter will help you gain GLOBAL Market Analysis of Polyester Staple Fiber And Nylon Staple Fibers. Further deep in this chapter, you will be able to review Global Polyester Staple Fiber And Nylon Staple Fibers Market Split by various segments and Geographical Split.
Chapter 1 Global Market Analysis
Global Market has been segmented on the basis 5 major regions such as North America, Europe, Asia-Pacific, Middle East & Africa, and Latin America.
You can purchase only the Executive Summary of Global Market (2019 vs 2024 vs 2031)
Global Market Dynamics, Trends, Drivers, Restraints, Opportunities, Only Pointers will be deliverable
Chapter 2 North America Market Analysis
Chapter 3 Europe Market Analysis
Chapter 4 Asia Pacific Market Analysis
Chapter 5 South America Market Analysis
Chapter 6 Middle East and Africa Market Analysis
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Chapter 7 Top 10 Countries Analysis (Only Available with Corporate User License)
Competitor's Market Share and Revenue (Subject to Data Availability for Private Players)
Chapter 8 Competitor Analysis (Subject to Data Availability (Private Players))
(Subject to Data Availability (Private Players))
Data Subject to Availability as we consider Top competitors and their market share will be delivered.
Data Subject to Availability as we consider Top competitors and their market share will be delivered.
Data Subject to Availability as we consider Top competitors and their market share will be delivered.
Data Subject to Availability as we consider Top competitors and their market share will be delivered.
Data Subject to Availability as we consider Top competitors and their market share will be delivered.
Data Subject to Availability as we consider Top competitors and their market share will be delivered.
Data Subject to Availability as we consider Top competitors and their market share will be delivered.
Data Subject to Availability as we consider Top competitors and their market share will be delivered.
Data Subject to Availability as we consider Top competitors and their market share will be delivered.
Data Subject to Availability as we consider Top competitors and their market share will be delivered.
Data Subject to Availability as we consider Top competitors and their market share will be delivered.
Data Subject to Availability as we consider Top competitors and their market share will be delivered.
Data Subject to Availability as we consider Top competitors and their market share will be delivered.
Chapter 9 Qualitative Analysis (Subject to Data Availability)
Segmentation Product Type Analysis 2019 -2031, will provide market size split by Product Type. This Information is provided at Global Level, Regional Level and Top Countries Level The report with the segmentation perspective mentioned under this chapters will be delivered to you On Demand. So please let us know if you would like to receive this additional data as well. No additional cost will be applicable for the same.
Chapter 10 Market Split by Product Type Analysis 2019 -2031
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Chapter 11 Market Split by Application Analysis 2019 -2031
This chapter helps you understand the Key Takeaways and Analyst Point of View of the global Polyester Staple Fiber And Nylon Staple Fibers market
Chapter 12 Research Findings
Here the analyst will summarize the content of entire report and will share his view point on the current industry scenario and how the market is expected to perform in the near future. The points shared by the analyst are based on his/her detailed in-depth understanding of the market during the course of this report study. You will be provided exclusive rights to interact with the concerned analyst for unlimited time pre purchase as well as post purchase of the report.
Why Virgin Polyester Staple Fiber (Virgin PSF) have a significant impact on Polyester Staple Fiber And Nylon Staple Fibers market? |
What are the key factors affecting the Virgin Polyester Staple Fiber (Virgin PSF) and Recycled Polyester Staple Fiber (Recycled PSF) of Polyester Staple Fiber And Nylon Staple Fibers Market? |
What is the CAGR/Growth Rate of Cloth Materials during the forecast period? |
By type, which segment accounted for largest share of the global Polyester Staple Fiber And Nylon Staple Fibers Market? |
Which region is expected to dominate the global Polyester Staple Fiber And Nylon Staple Fibers Market within the forecast period? |
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