Market Size of Polyester Staple Fiber (PSF) Industry
| Study Period | 2019 - 2029 |
| Base Year For Estimation | 2023 |
| CAGR | > 4.00 % |
| Fastest Growing Market | Asia Pacific |
| Largest Market | Asia Pacific |
| Market Concentration | Low |
Major Players
*Disclaimer: Major Players sorted in no particular order |
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Polyester Staple Fiber Market Analysis
The polyester staple fiber market is expected to register a CAGR of over 4% during the forecast period.
Polyester staple fiber is commonly used in spinning and non-woven weaving. PSF is mostly utilized in cushion and couch fiber fillings. It is also used in polyester spun yarn production, which is subsequently knitted or woven into textiles.
- Over the medium term, the significant factors driving the market studied are the increasing demand from the textile industry for making apparel and the rising demand from the home furnishing segment. Growing awareness regarding recycled polyester staple fiber due to increasing environmental concerns is expected to offer various lucrative opportunities for market growth.
- By application, the apparel segment is expected to dominate the market due to the increase in the usage of polyester staple fiber to make apparel, as it is cheaper than cotton.
- On the flip side, stringent legal and political regulations on manufacturers are restraining the polyester staple fiber market.
- The Asia-Pacific region dominated the polyester staple fiber market globally, with enormous consumption from countries like China and India.
