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Polyester staple fiber market to grow at 7.5 per cent

The global polyester staple fiber market is expected to grow at a CAGR of 7.5 per cent from 2016 to 2024. In terms of volume, the polyester staple fiber market is expected to expand at a CAGR of four per cent between 2016 and 2024.

Polyester staple fiber has emerged as the fastest growing fiber amongst all types of fibers. Polyester staple fibers are used in a wide range of applications such as carpets and rugs, fiberfill and nonwoven fabrics, home furnishings, and apparels. They are being used in mattresses and pillows. Demand for specialty mattresses is rising due to the high consumer preference for eco-friendly and health-promoting products.

In the global cotton-dominated apparel market, polyester staple fiber has emerged as the fastest-growing segment in the recent past. The major reasons behind its increasing demand are its inherent good quality and the premium fetched by blended yarns in international markets. Solid polyester staple fiber is considered the leading polyester staple fiber with a total global share of more than 65 per cent in 2015.

Apparel was the largest end-use segment of the global polyester staple fiber market in 2015. It was followed by home furnishing and personal care and hygiene.

 
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