Market Size in 2023 | Market Forecast in 2032 | CAGR (in %) | Base Year |
---|---|---|---|
USD 34.43 Billion | USD 51.25 Billion | 4.52% | 2023 |
FrequentlyAsked Questions
Polyester staple fiber (PSF) is an artificially made synthetic fiber with applications across major industries.
The global polyester staple fiber market is projected to grow due to the rising use of the material in the fast-fashion clothing industry.
According to study, the global polyester staple fiber market size was worth around USD 34.43 billion in 2023 and is predicted to grow to around USD 51.25 billion by 2032.
The CAGR value of the polyester staple fiber market is expected to be around 4.52% during 2024-2032.
The global polyester staple fiber market will be driven by Asia-Pacific during the forecast period.
The global polyester staple fiber market is led by players like Far Eastern New Century Corporation, Indorama Ventures, China Petroleum & Chemical Corporation (Sinopec), Nan Ya Plastics Corporation, Reliance Industries Limited, Zhejiang Hengyi Group, Bombay Dyeing, Toray Industries, Inc., Teijin Limited, Tongkun Group, Sanfangxiang Group, Alpek S.A.B. de C.V., DAK Americas, Xinda Corp and Hyosung TNC.
The report explores crucial aspects of the polyester staple fiber market including a detailed discussion of existing growth factors and restraints while also browsing future growth opportunities and challenges that impact the market.
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