The Global Staple Fiber market is forecast to reach USD 233.47 Billion by 2027, according to a new report by Reports and Data. Staple Fibers can be described as fiber, which can be twisted to manufacture yarn. The increasing use in the textile industry is likely to drive the growth of the market in the upcoming years. The fiber possesses 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.
Additionally, it discusses effective plans and development strategies, with tables and figures helping analyze worldwide Staple Fiber market, this research provides key statistics on the state of the industry and is a valuable source of guidance and direction for companies and individuals interested in the market.
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Further key findings from the report suggest
- The Staple Fiber market held a market share of USD 178.59 Billion in the year 2019 that is forecasted to grow at a rate of 3.4% during the forecast period.
- In context to Product Type, the Woven segment is projected to witness a considerable growth rate of 3.8% during the forecast period, which is expected to occupy more than 35.0% of the market by 2027. The increasing demand for thicker work clothes from the apparel sector, like, jeans, coveralls and, the applicability of this type of fiber in manufacturing such thick cloths due to its rigidity, contributes to the growth rate witnessed by this segment.
- In context to Raw Material, the Polyester segment is projected to witness a considerable growth rate of 3.8% during the forecast period, which is expected to hold more than 30.0% of the market share by 2027. The growth rate witnessed by the Polyester segment is attributed to the traits of the fibers made from this raw material like, the fiber possesses good elasticity, shape retention, wrinkle resistance, exceptional wash & wear performance, washability, and longevity, among others, which contributes to the growth rate witnessed by this segment.
- In regards to 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 forecast period. This fabric is used widely in apparel for pants, jackets, hats due to its traits like comfort, fast-drying, and lightweight features, which contribute to the market share held by this segment.
- In regards to 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 automotive industry and the growing emphasis on personal care & hygiene are supporting the growth of the sector in this region.
- Key participants include Unitec Fibers, Nirmal Fibers Ltd., Shanghai Polytex Co. Ltd, Legs 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.
To identify the key trends in the industry, click on the link below: https://www.reportsanddata.com/report-detail/staple-fiber-market
For the purpose of this report, Reports and Data have segmented the global Staple Fiber market according to Product Type, Raw Materials, Application, and Region:
Product Type Outlook (Volume, Kilo Tons; Revenue, USD Billion; 2017-2027)
- Woven
- Non-woven
Raw Material Outlook (Volume, Kilo Tons; Revenue, USD Billion; 2017-2027)
- Polyester
- Cotton
- Cellulosic
- Others
Application Outlook (Volume, Kilo Tons; Revenue, USD Billion; 2017-2027)
- Apparel
- Construction
- Automotive
- Personal Care & Hygiene
- Filtration
- Home Furnishing
- Others
Regional Outlook (Volume, Kilo Tons; Revenue, USD Billion; 2017-2027)
- North America
- U.S
- Europe
- U.K
- France
- Asia Pacific
- China
- India
- Japan
- MEA
- Latin America
- Brazil
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Market Report includes major TOC points:
- Staple Fiber market Overview
- Global Economic Impact on Industry
- Global Market Competition by Manufacturers
- Global Production, Revenue (Value) by Region
- Global Supply (Production), Consumption, Export, Import by Regions
- Global Production, Revenue (Value), Price Trend by Type
- Global Market Analysis by Application
- Manufacturing Cost Analysis
- Industrial Chain, Sourcing Strategy and Downstream Buyers
- Marketing Strategy Analysis, Distributors/Traders
- Market Effect Factors Analysis
- Staple Fiber market Forecast
Conclusively, all aspects of the Staple Fiber market are quantitatively as well qualitatively assessed to study the global as well as regional market comparatively. This market study presents critical information and factual data about the market providing an overall statistical study of this market on the basis of market drivers, limitations and its future prospects.
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