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Polyester Staple Fiber Market Outlook and Global Trend Foresight to 2025

Rise in the global consumption of sustainable textiles has been a major factor driving market growth. Growing consciousness regarding the environment and cheaper price of PSF as compared to that of cotton have increased the utilization of PSF in the global market.

The Global Polyester Staple Fiber Market is expected to reach USD 39.3 billion by 2025, growing at a CAGR of 6.3%, according to a new report by Grand View Research, Inc.
 

Polyester staple fiber is lightweight, wrinkle-free, and resistant to light and weather. It also has an ability to withstand extreme climatic conditions. It is used as a key element in various end-use sectors, including apparel, home furnishing, construction, and automotive, which is expected to drive market growth over the forecast period.

Rising product demand, owing to its long-term effectiveness, high elastic resilience, tenacity, and eco-friendly nature of PSF, is also expected to boost market growth over the next eight years.

Solid PSF was the largest product segment in 2016 and is expected to witness a promising growth rate over the forecast period. Hollow product segment is anticipated to observe a low growth rate by 2025. In terms of revenue, apparel application segment is anticipated to observe the fastest growth over the next eight years at a CAGR of 6.7% from 2017 to 2025.

To Know More About Polyester Staple Fiber Market Please Visit Us @ https://www.grandviewresearch.com/industry-analysis/polyester-staple-fiber-psf-market

PSF is instrumental in improving the overall quality at a lower price than its alternatives, which is expected to drive its demand. Increasing product usage in Asia Pacific owing to its rising utilization in textile manufacturing industry is also expected to boost demand over the forecast period.

Top Players of Polyester Staple Fiber (PSF) Market:

Key market players include Toray Chemical Korea Inc., W. Barnet Gmbh & Co. KG, Alpek S.A.B. de C.V., Reliance Industries Limited, Diyou Fibre (M) Sdn Bhd., Huvis Corporation, Indorama Corporation, Xinda Corp., China National Petroleum Corporation, Bombay Dyeing, Petrovietnam Petrochemical, and Textile Fiber Joint Stock Company.

Market Segmentation of Polyester Staple Fiber (PSF) Market:

The Global Polyester Staple Fiber Market segmented on the basis of Product, Origin, Application, and Region.

By Product:

    Solid
    Hollow

By Origin:

    Virgin
    Recycled
    Blended

By Application:

    Automotive
    Home Furnishing
    Apparel
    Filtration

By Region:

    North America
    Europe
    Asia Pacific
    Central & South America
    Middle East & Africa

Inquire about Polyester Staple Fiber Market with Our Experts @ https://www.grandviewresearch.com/inquiry/4203

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