The polyester staple fiber market is expected to grow from US$26.304 billion in 2025 to US$33.603 billion in 2030, at a CAGR of 5.02%.
Polyester staple fiber is made by the process of polymerization of purified terephthalic acid and mono-ethylene glycol. Recycled polyethylene terephthalate bottle flakes are also used for the manufacturing of this product. It is lightweight, available in different colors, and is resistant to light. The increasing use of bio-based polyester staple fiber and the increasing adoption of polyester staple fibers in various end-use industry verticals are expected to further propel the market in the projected period.
The growing demand for polyester staple fibers in end-use industries such as automotive, apparel, and the construction industry is expected to propel the market in the coming years. In the automotive sector, these fibers are used for the production of air filters, airbags, insulation material, and floor panels, among others. The rising production of vehicles in countries such as the United States and China is expected to further boost the market. For instance, according to the United States Department of Transportation, the total production of passenger cars and commercial vehicles combined reached 9,157 thousand units in 2021, up from 8,818 thousand units in 2020.
According to the India Brand Equity Foundation (IBEF), the real estate industry is growing in India, and various commercial and residential projects, both in urban and rural areas, are increasing at a faster pace. In 2017, the industry was worth US$120 billion, which is expected to reach US$650 billion in 2025, and in 2030, the industry is expected to grow to US$1,000 billion or US$1 trillion. Construction is the fourth-largest industry in the country for foreign direct investment (FDI). With increasing construction activities and a rising focus on modern and luxury furniture, the demand for polyester staple fiber is anticipated to expand manifold in the upcoming years.
The textile industry, which produces industrial, home furnishings, and clothing, drives the USA market for polyester staple fibers. Market trends are influenced by the growing emphasis on eco-friendly and sustainable products. Fashion trends, trade policies, and the dynamics of global supply chains all play important roles in surging the market. In addition, the demand for polyester staple fiber applications in the United States is further influenced by consumer income levels and infrastructure development.
As per the USITC, in 2020, the value of U.S. imports into the textile and clothing industry increased to $127.7 billion, or $325 million (0.3%) more than in 2019. Nevertheless, there were numerous significant changes within the various textile and apparel industries. The highest decline in value from 2019 was seen in garment imports to the United States, which accounted for 62.5 percent of all imports and fell by $12.9 billion (13.9 percent). This is mostly because of the COVID-19 epidemic, due to which consumers bought fewer new clothes in 2020.
The US government is pursuing many measures for the polyester staple fiber market, such as enforcing sustainability standards, promoting the use of recycled fiber, and offering prospective funding for research and industry development programs to boost innovation and competitiveness. Furthermore, to address market needs and bolster their competitive positions, major players in the USA polyester staple fiber market use tactics like sustainability initiatives, strategic alliances, and ongoing innovation. Sustained growth also emphasizes effective customer relationship management and market expansion.
Polyester Staple Fiber Market Segmentation: