The global polyester staple fiber market is expected to reach USD 43.39 Billion by 2028, according to a new report by Reports and Data. The growth of the market is attributed to the growing use of polyester staple fibers amongst end-use application.

The surging demand for environment-friendly products is persuading several companies to implement sustainable practices to ascertain the well-being of users, along with the environment. This has resulted in a growing inclination to switch from petroleum-based non-biodegradable synthetic fibers, including polyester to biodegradable and renewable synthetic fibers produced from natural resources. This is expected to boost the demand for polyester staple fibers in the upcoming years.

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Market Scenario:

The materials and chemicals sector has significantly grown over the recent years and is expected to register robust revenue CAGR over the forecast period. The materials and chemicals sector comprises daily wear products such as detergents, perfumes, soaps, and other raw materials and chemicals used in the manufacturing of other products. There has been a significant increase in the demand for raw materials and chemicals across various industrial sectors such as healthcare and pharmaceuticals, automotive, agriculture, manufacturing, paint, and food and beverages among others. Factors such as increasing awareness about green energy and excess carbon emission, changing consumer preference, growing adoption of biodegradable, sustainable and eco-friendly products, and rapidly expanding industries and building and construction sector are expected to boost global market revenue growth going ahead.

Major Companies:

• Alpek SAB de CV
• Toray Chemical Korea
• Reliance Industries Ltd.
• Huvis Corporation
• Xinda Corporation
• Indorama Corporation
• China Petroleum
• Bombay Dyeing
• Petrovietnam Petrochemical and Textile Fiber Joint Stock Company
• Barnet GmbH & Co. KG

Competitive Landscape:

The report further sheds light on the competitive landscape and provides in depth information about each market player including its global position, product portfolio, financial standing, revenue growth and company overview. The market players are focused on adopting various inorganic and organic growth strategies such as mergers and acquisitions, joint ventures, collaborations, product launches and partnerships to gain a robust footing in the market.

Key questions addressed in the report:

• What is the expected market size of the global Polyester Staple Fiber market during the forecast period?
• What CAGR is the global market expected to register during the forecast period?
• Which key factors are expected to boost global market growth between 2021 and 2028?
• What are the key restraints that are expected to hamper global market growth?
• Which regional market is expected to register robust CAGR during the forecast period?
• Which key players are operating the global Polyester Staple Fiber market?

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Polyester Staple Fiber Market Segmentation:

Raw Material Outlook:

• Polyethylene Terephthalate (PET)
• Poly-1, 4-Cyclohexylene Dimethylene (PCDT)
• Others

Application Outlook:

• Apparel
• Home Furnishing
• Automotive
• Filtration
• Others

Regional Outlook:

• North America
  • S.
  • Canada
  • Mexico
• Europe
  • Germany
  • K.
  • Italy
  • France
  • BENELUX
  • Rest of Europe
• Asia Pacific
  • China
  • India
  • Japan
  • South Korea
  • Rest of APAC
• Latin America
  • Brazil
  • Rest of LATAM
• Middle East & Africa
  • Saudi Arabia
  • A.E.
  • South Africa
  • Rest of MEA

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