Flame Retardant Polyester Staple Fiber Market - Global Industry Analysis

Flame Retardant Polyester Staple Fiber Market: Global Industry Perspective, Comprehensive Analysis, and Forecast, 2018-2025

Published Date: 06-Aug-2019 Category: Chemical & Materials Report Format : PDF Pages: 110 Report Code: ZMR-4548 Status : Published

Global demand for flame retardant polyester staple fiber market was valued at approximately USD 180.9 million in 2018 and is expected to generate revenue of around USD 230.9 million by end of 2025, growing at a CAGR of around 3.6% between 2019 and 2025.

Description

Flame Retardant Polyester Staple Fiber Market: Industry Perspective

The report covers forecasts and analyses for the Flame Retardant Polyester Staple Fiber Market on a global and regional level. The study provides historical data from 2015 to 2018 along with a forecast from 2019 to 2025 based on volume (Million Square Feet) and revenue (USD Million). The study includes drivers and restraints for the flame retardant polyester staple fiber market along with the impact they have on the demand over the forecast period. Additionally, the report includes the study of opportunities and various trends in the flame retardant polyester staple fiber market on a global as well as regional level.

As per the report, the global demand for flame retardant polyester staple fiber market was valued at approximately USD 180.9 million in 2018 and is expected to generate revenue of around USD 230.9 million by end of 2025, growing at a CAGR of around 3.6% between 2019 and 2025.

Global Flame- Retardant Polyester Staple Fiber Market

Flame retardant polyester staple fibers are made using PTA and MEG or PET chips from recycled bottles. The flame retardant property is imparted into the polyester staple fiber during production by adding chemicals during the process of co-polymerization. They are widely used in cushions, sofas, clothing, special garments, and other products. They inhibit the growth of the flame with a self-extinguishing property as they do not produce toxic gases.

Growth in the textile industry across the globe is analyzed to be the major driving factor for the growth of the global flame retardant polyester staple fiber market. Moreover, the home furnishing industry across the globe has witnessed significant growth. The growing e-commerce sector coupled with growth in the millennial population has aided the growth of the home furnishings industry. They are widely used in cushions, sofas, curtains, bed covers, etc. They have been gaining huge popularity owing to their superior strength as well as their quick drying property. Moreover, demand from emerging economies such as China and India is expected to be another major driving factor for the growth of the flame retardant polyester staple fiber market. Initiatives from the government to encourage domestic manufacturing such as tax incentives and low labor costs are expected to provide ample growth opportunities for the key players operating in the global flame retardant polyester staple fiber market. However, low awareness regarding the benefits of flame retardant fibers is expected to slightly restrain the growth of the global flame retardant polyester staple fibers market.    

The global flame retardant polyester staple fiber market is segmented based on type, end-user, and region. Based on type, the market is segmented into inherent FRP staple fiber and treated FRP staple fiber. Based on end-use, the market is segmented into home textiles, public utility, clothing, and others. Home textiles accounted for the largest market share in the global flame retardant polyester staple fiber market in 2018.

Geographically, the market is segmented into North America, Europe, Asia Pacific, Latin America, and the Middle East and Africa. The Asia Pacific accounted for the largest market share in the global flame retardant polyester staple fiber market. Japan accounted for around 20% of global production in 2018. China is also witnessing tremendous growth followed by India. Moreover, China and India account for a major share of the global population and the high demand for polyester staple fiber is generated from the end-user industries in the region. Europe was the second largest manufacturer of flame retardant polyester staple fibers in 2018.

Some of the key players operating in the global flame retardant polyester staple fiber market include Reliance, Teijin, Toray, JR Corporation, Yizheng Chemical Fiber, Kairui Flame Retardant Technology, Trevira, Huvis, Toyobo, Unifi, SSFC, and Hangzhou Hanbang Chemical Fiber, among others.

By Type

  • Inherent Flame Retardant Polyester Staple Fiber
  • Treated Flame Retardant Polyester Staple Fiber

By End-User

By Region

  • North America
    • U.S.
  • Europe
    • UK
    • France
    • Germany
  • Asia Pacific
    • China
    • Japan
    • India
  • Latin America
    • Brazil
  • The Middle East and Africa

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