The expansion of the garment industry, the expansion of the garment industry and the growing demand from the automotive sector have boosted the staple fiber market.
NEW YORK CITY, NY, USA, March 3, 2022 /EINPresswire.com/ — The global staple fiber market is expected to reach USD 233.47 billion by 2027, according to a new report from Reports and Data. Staple fibers can be described as fibers that can be twisted together to make yarn. The increasing use in the textile industry is expected to drive the growth of the market in the coming years. The fiber possesses good elasticity, shape retention, wrinkle resistance, outstanding wash and wear performance, washability and longevity, among others, and therefore finds wide application in various types of fabrics in the home. ‘clothing. It is used to make fashionable dresses, weatherproof clothes and is a favorite material for children’s clothing. Polyester staple fibers are frequently blended with other fibers such as cotton, to achieve the combined benefits of both materials. It offers better tear resistance compared to cotton or other materials used in the manufacture of clothing items. In addition, polyester staple fibers find widespread application in the manufacture of furniture and upholstery, as well as in the manufacture of carpets for residential and household purposes, and cords for residential applications, among others. Such a broad scope of applications would contribute to the growth of the industry.
Regarding the region, North America can be said to occupy a considerable share of the market. The market share held by the region is attributed to the developed automobile industry and booming apparel sector which is supporting the expansion of the market in this region.
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Key participants include:
Unitec Fibers, Nirmal Fibers Ltd., Shanghai Polytex Co. Ltd., Legacy 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.
Other key findings from the report suggest
The staple fiber market held a market share of USD 178.59 billion in 2019, which is expected to grow at a rate of 3.4% during the forecast period.
In the context of product type, the woven segment is expected to witness a considerable growth rate of 3.8% over the forecast period, which is expected to occupy more than 35.0% of the market by 2027. The increasing demand of thicker workwear in the apparel sector, such as jeans, coveralls and, the applicability of this type of fiber in the manufacture of such thick fabrics due to its stiffness, contributes to the growth rate recorded by this segment .
In the context of raw materials, the Polyester segment is expected to witness a considerable growth rate of 3.8% over the forecast period, which is expected to hold over 30.0% market share by 2027. The rate growth observed by the Polyester segment is attributed to the characteristics of fibers made from this raw material such as, the fiber possesses good elasticity, shape retention, wrinkle resistance, exceptional wash and wear performance, washability and longevity, among others, which contribute to the growth rate observed by this segment.
Regarding the 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 period of forecast. This fabric is widely used in apparel for pants, jackets, hats owing to its features such as comfort, quick drying and light weight, which contribute to the market share held by this segment.
Regarding 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 automobile industry and the growing emphasis on personal care and hygiene support the growth of the sector in this region.
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For the purposes of this report, the reports and data have segmented the global staple fiber market on the basis of product type, raw material, application and region:
Product Type Outlook (Volume, Kilotons; Revenue, USD Billion; 2017-2027)
Commodity Outlook (Volume, Kilotons; Revenue, USD Billion; 2017-2027)
Application Outlook (Volume, Kilotons; Revenue, USD Billion; 2017-2027)
Personal care and hygiene
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Regional Outlook (Volume, Kilotons; Revenue, USD Billion; 2017-2027)
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