888-776-0942 from 8 AM - 10 PM ET
NEW YORK , Oct. 6, 2022 /PRNewswire/ -- The "Polyester Staple Fiber (PSF) Market by Application (apparel, home furnishing, automotive, filtration, and others), Product (solid and hollow), and Geography (APAC, North America , Europe , South America , and the Middle East and Africa ) - Forecast and Analysis 2022-2026" report has been added to Technavio's offering. By application, the apparel segment will be the largest contributor to market growth during the forecast period. PSF is used significantly in outerwear owing to its high strength, tenacity, and durability.
The potential growth difference for the polyester staple fiber (PSF) market size between 2021 and 2026 is USD 9.55 billion . To get the exact yearly growth variance and the Y-O-Y growth rate, Request a FREE PDF Sample Report
The polyester staple fiber market is fragmented, and the vendors are deploying organic and inorganic growth strategies to compete in the market. The market is characterized by the presence of category-focused vendors as well as other diversified categories of vendors. It is highly competitive and has several international and regional retailers. The intense competition among vendors, the low product switching cost incurred by buyers, and the significant fixed costs have increased the threat of rivalry in the market.
The potential growth in APAC is driving the growth of the market. In the last few years, government initiatives have increased the demand for PSF in China . The demand will mainly arise from the domestic consumption of textiles and clothing in the country. Rapid urbanization and increasing per capita consumption of PSF by end-user industries have increased the expenditure on clothing in China . In addition, the implementation of stringent monetary policies by the government has impacted the demand for other polymers, including polyolefins, which will drive the growth of the global PSF market during the forecast period. In India and Pakistan , the market is relatively smaller than that of China . However, the current development of downstream polyester activities by companies such as Reliance Industries and Indorama Ventures is expected to increase the consumption of PSF.
Identify key trends, drivers, and challenges in the market, which will help vendors improve their strategies to stay ahead of their competitors. View our FREE PDF Sample Report
APAC will be the leading region with 82% of the market's growth during the forecast period. China , South Korea , and Japan are the key countries for the polyester staple fiber (PSF) in the region.
View our FREE PDF Sample Report for additional insights into the contribution of all the segments and regional opportunities in the report
Want your report customized? Speak to an analyst and personalize your report according to your needs
Silicon Carbide Fiber Market by Application and Geography - Forecast and Analysis 2022-2026: The silicon carbide fiber market share is expected to increase by USD 775 million from 2021 to 2026.
Aramid Fiber Reinforcement Materials Market by End-user and Geography - Forecast and Analysis 2022-2026: The aramid fiber reinforcement materials market share is expected to increase by USD 2.09 billion from 2021 to 2026.
Polyester Staple Fiber (PSF) Market Scope
Accelerate at a CAGR of 6.11%
APAC, North America, Europe, South America, and Middle East and Africa
US, China, Japan, South Korea, Germany, and UK
Leading companies, competitive strategies, consumer engagement scope
ALFA SAB DE CV, China National Petroleum Corp., China Petrochemical Corp., Diyou Fibre M Sdn Bhd., Far Eastern New Century Corp., Green Group SA, Hengli Group Co. Ltd., Hengyi Petrochemical Co. Ltd., Huvis Corp., Indorama Ventures Public Co. Ltd., Jiangsu Sanfangxiang Group Co. Ltd., Polyfibre Industries Pvt. Ltd., Reliance Industries Ltd., Shubhalakshmi Polyester Ltd., Sun Fiber LLC, The Bombay Dyeing and Manufacturing Co. Ltd., Tongkun Group Co. Ltd., Toray Industries Inc., W. Barnet GmbH and Co. KG, and XINDA Corp.
Parent market analysis, market growth inducers and obstacles, fast-growing and slow-growing segment analysis, COVID-19 impact and future consumer dynamics, and market condition analysis for the forecast period.
If our report has not included the data that you are looking for, you can reach out to our analysts and get segments customized.
Browse Materials Market Reports
Technavio is a leading global technology research and advisory company. Their research and analysis focus on emerging market trends and provide actionable insights to help businesses identify market opportunities and develop effective strategies to optimize their market positions.
With over 500 specialized analysts, Technavio's report library consists of more than 17,000 reports and counting, covering 800 technologies, spanning across 50 countries. Their client base consists of enterprises of all sizes, including more than 100 Fortune 500 companies. This growing client base relies on Technavio's comprehensive coverage, extensive research, and actionable market insights to identify opportunities in existing and potential markets and assess their competitive positions within changing market scenarios.
Technavio Research Jesse Maida Media & Marketing Executive US: +1 844 364 1100 UK: +44 203 893 3200 Email:[email protected] Website: www.technavio.com/
More news releases in similar topics
Cision Distribution 888-776-0942 from 8 AM - 9 PM ET