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Growing demand for the polyester staple fiber from the textile is one of the significant factors influencing the market growth.<br><br>
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Polyester Staple Fiber Market To Reach USD 40.32 Billion By 2027 www.reportsanddata.com sales@reportsanddata.com
Market Summary Growing demand for the polyester staple fiber from the textile is one of the significant factors influencing the market growth. Polyester Staple Fiber Market Size – USD 21.77 billion in 2019, Market Growth - CAGR of 7.9%, Market Trends – Growing end-use applications in the Asia Pacific region
Our Approach Market Summary The global polyester staple fiber market is expected to reach USD 40.32 Billion by 2027, 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. The increasing use in the textile industry is likely to drive the growth of the market in the upcoming years. The fabrics made from polyester staple fiber possess 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. Key participants include 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, and W. Barnet GmbH & Co. KG, among others. To Request for a PDF Sample, Click Here @ https://www.reportsanddata.com/sample-enquiry-form/2864
Our Approach Market Summary Raw Material Outlook (Volume, Kilo Tons; 2017-2027 and Revenue, USD Million; 2017-2027) Polyethylene Terephthalate (PET) Poly-1, 4-Cyclohexylene Dimethylene (PCDT) Others Product Type Outlook (Volume, Kilo Tons; 2017-2027 and Revenue, USD Million; 2017-2027) Solid Hollow Application Outlook (Volume, Kilo Tons; 2017-2027 and Revenue, USD Million; 2017-2027) Apparel Home Furnishing Automotive Filtration Others Click here to avail the report at an unbelievable discount rate: https://www.reportsanddata.com/discount-enquiry-form/2864
Our Approach Market Summary Further key findings from the report suggest By grade, polyethylene terephthalate (PET) held a larger market share in 2018 and is likely to grow at a rate of 8.2% in the forecast period. The market dominance of this grade is owing to the offering of high strength and lightweight properties. By product type, solid polyester staple fiber contributed to a larger market share in 2019. It has a substantial visual appeal, which finds usage in apparel, home furnishings, nonwoven fabrics, and other products. Also, it possesses exceptional tensile strength, high durability, and good finishing. By application, home furnishing held the second-largest market share in 2019 and is expected to grow at a rate of 7.2% in the forecast period. Polyester staple fibers are used home furnishings, which comprises upholstery, curtains, carpets, and sheets. Polyester fiberfill is frequently used in furniture and pillows as stuffing. The market in the Asia Pacific region contributed to the largest market share in 2019 and is likely to grow at a rate of 8.1% in the forecast period. The market dominance of the APAC region primarily owes to the growth of the textile and automotive industries in the region. Read More @ https://www.reportsanddata.com/report-detail/polyester-staple-fiber-market
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