A new report by Reports and Data predicts that the Global Staple Fiber market will reach USD 267.65 Billion by 2030. Staple Fibers are fibers that can be twisted to create yarn, and their increasing use in the textile industry is expected to drive market growth in the coming years. These fibers possess desirable properties such as good elasticity, shape retention, wrinkle resistance, washability, and longevity, among others, making them suitable for use in a wide range of apparel fabrics, including fashionable dresses, weather-resistant clothing, and children's wear. Polyester staple fiber, in particular, is frequently blended with other fibers such as cotton to enhance the tear-resistant quality of clothing items. Additionally, polyester staple fiber is used in manufacturing furniture and upholstery, carpets, and ropes for residential purposes.
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North America is expected to hold a significant share of the market due to the region's developed automotive industry and expanding apparel sector, which are supporting market expansion.
Other key findings from the report indicate that the Staple Fiber market held a market share of USD 178.59 Billion in 2019 and is projected to grow at a rate of 3.8% during the forecast period. The report segments the market according to Product Type, Raw Materials, Application, and Region, with the woven segment projected to witness a considerable growth rate of 3.8% during the forecast period, occupying over 35.0% of the market by 2027. Similarly, the polyester segment is projected to witness a growth rate of 3.8% during the forecast period, holding over 30.0% of the market share by 2027. The apparel industry segment held a considerable share of the market, with over 25.0% of the market in 2019, and a CAGR of 3.6% during the forecast period. Europe held over 20.0% of the market in 2019, with a CAGR of 3.6% during the forecast period, supported by a well-established automotive industry and growing emphasis on personal care and hygiene.
Key participants in the Staple Fiber market 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.
Staple Fiber Market: Drive Factors
The growth of the Nylon Staple Fiber market is being driven by various factors. One of the key factors is the increasing use of staple fibers in the textile industry. Staple fibers are fibers that can be twisted to manufacture yarn, and they possess good elasticity, shape retention, wrinkle resistance, washability, and longevity, among others. As a result, they find extensive application in various types of apparel fabrics, including fashionable dresses, weather-resistant clothing, and children's wear. Polyester staple fiber, in particular, is frequently blended with other fibers such as cotton to get the combined benefits of both materials, providing better tear resistance as compared to cotton or other materials used in making clothing items.
Additionally, the staple fiber market is being supported by the growth of the automotive industry and the advancing apparel sector, particularly in North America and Europe. The well-established automotive industry and growing emphasis on personal care and hygiene are supporting the growth of the sector in Europe, while the developed automotive industry and advancing apparel sector are driving the growth of the market in North America.
In terms of product type, the woven segment is projected to witness considerable growth, thanks to the increasing demand for thicker work clothes from the apparel sector, such as jeans and coveralls, and the applicability of this type of fiber in manufacturing such thick clothes due to its rigidity. Meanwhile, in terms of raw material, the polyester segment is expected to witness significant growth, thanks to the traits of the fibers made from this raw material, including good elasticity, shape retention, wrinkle resistance, washability, and longevity, among others.
Overall, the staple fiber market is set to grow at a rate of 3.8% during the forecast period, with a projected market size of USD 267.65 billion by 2030.
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