The Global Staple Fiber market is forecast to reach USD 267.65 Billion by 2030, according to a new report by Reports and Data. Staple Fibers can be described as fiber, which can be twisted to manufacture yarn. The increasing use in the textile industry is likely to drive the growth of the market in the upcoming years. The fiber possesses good elasticity, shape retention, wrinkle resistance, exceptional wash wear performance, washability, and longevity, among others, and as a result, finds extensive application in various types of apparel fabrics. It is used to make fashionable dresses, weather-resistant clothing, and is a preferred material for children’s wear. Polyester staple fiber is frequently blended with other fibers such as cotton, to get the combined benefits of both materials.
In regards to region, North America can be seen to occupy a considerable share of the market. The market share held by the region is attributed to the developed automotive industry and advancing apparel sector that is supporting the expansion of the market in this region.
Leading Players– Unitec Fibers, Nirmal Fibers Ltd., Shanghai Polytex Co. Ltd, Legs SP. Zo. O, Xinda Corp, Eijin Fronteir Co. Ltd., Advansa, Sateri International Co. Ltd. , Hubei Botao Synthetic Fiber Co., Ltd., Celanese AG, Zedtex Australia Pty Ltd., and US Fibers.
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Further key findings from the report suggest
- The Staple Fiber market held a market share of USD 178.59 Billion in the year 2019 that is forecasted to grow at a rate of 3.8% during the forecast period.
- In context to Product Type, the Woven segment is projected to witness a considerable growth rate of 3.8% during the forecast period, which is expected to occupy more than 35.0% of the market by 2027. The increasing demand for thicker work clothes from the apparel sector, like, jeans, coveralls and, the applicability of this type of fiber in manufacturing such thick cloths due to its rigidity, contributes to the growth rate witnessed by this segment.
- In context to Raw Material, the Polyester segment is projected to witness a considerable growth rate of 3.8% during the forecast period, which is expected to hold more than 30.0% of the market share by 2027. The growth rate witnessed by the Polyester segment is attributed to the traits of the fibers made from this raw material like, the fiber possesses good elasticity, shape retention, wrinkle resistance, exceptional wash wear performance, washability, and longevity, among others, which contributes to the growth rate witnessed by this segment.
- In regards to Application, the Apparel industry segment held a considerable share of the market, which held more than 25.0% of the market in 2019, with a CAGR of 3.6% during the forecast period. This fabric is used widely in apparel for pants, jackets, hats due to its traits like comfort, fast-drying, and lightweight features, which contribute to the market share held by this segment.
- In regards to the region, Europe held more than 20.0% of the market in 2019, with a CAGR of 3.6% during the forecast period. The well-established automotive industry and the growing emphasis on personal care hygiene are supporting the growth of the sector in this region.
Key Regional Markets Covered in the Report:
- North America (U.S.A., Canada, Mexico)
- Europe (Italy, U.K., Germany, France, Rest of Europe)
- Asia Pacific (India, China, Japan, South Korea, Australia, Rest of Asia Pacific)
- Latin America (Chile, Brazil, Argentina, Peru, Rest of Latin America)
- Middle East Africa (Saudi Arabia, U.A.E., South Africa, Rest of Middle East Africa)
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Product Type Outlook (Volume, Kilo Tons; Revenue, USD Billion; 2019–2030)
- Woven
- Non-woven
Raw Material Type Outlook (Volume, Kilo Tons; Revenue, USD Billion; 2019–2030)
- Polyester
- Cotton
- Cellulosic
- Others
Application Outlook (Volume, Kilo Tons; Revenue, USD Billion; 2019–2030)
- Apparel
- Construction
- Automotive
- Personal Care Hygiene
- Filtration
- Home Furnishing
- Others
Frequently Asked Questions Addressed in the Report:
- What is the estimated market revenue growth over the forecast period?
- What are the major factors driving the global Staple Fiber Market market revenue growth?
- Which regional market is expected to account for the largest revenue share in the global Staple Fiber Market market over the forecast years?
- Which are the leading players in the global Staple Fiber Market market?
- What are the key outcomes of SWOT analysis and Porter’s Five Forces analysis of the market?
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