A market research report by Transparency Market Research (TMR) forecasts the global polyester staple fiber market to rise over a steady growth rate of 4.1 per cent CAGR by 2025. The market valuation of the said market stood is likely to attain a figure of around $34.546 billion by the end of the year 2025.

The key segments to drive growth are: personal care and hygiene, home furnishing, apparel, filtration, automotive, personal care and hygiene, construction amongst many others. The apparel segment is anticipated to be the main driver raising the growth rate of 4.2 per cent CAGR from the year 2017 to the year 2025.

Apart from apparel, the automotive and home furnishings sector will also drive growth in the world market for polyester staple fiber. On account of its durability and cost effectiveness, polyester staple fiber is finding another extensive application as car fabrics. They assist in keeping the cost of the automobile low also. Taking volume into consideration, the market share of the automotive is forecasted to remain at 14 per cent in the years to come.

Polyester staple fiber is also witnessing major uptake from home furnishings. The category is anticipated to hold on to its share of around 14.5 per cent in the years to come.

Asia Pacific leads the Polyester staple fiber market with a dominant share. The regional growth is primarily backed by the commercial construction activities, increasing residential, increasing spending capacity of the people, and rapid urbanization.