Global Market of Virgin Polyester Staple Fiber PSF 2020 and Future Prospects 2025

The global Virgin Polyester Staple Fiber market was million USD in 2019 and is expected to million USD by the end of 2025, growing at a CAGR of between 2020 and 2025.

According to the report, the global polyester staple fiber market was valued at US$ 23.4 Bn in 2015 and is projected to reach US$ 42.4 by 2024, expanding at a CAGR of 7.5% from 2016 to 2024. In terms of volume, the polyester staple fiber market is expected to reach 23,472.9 kilo tons by 2024, expanding at a CAGR of 4.0% between 2016 and 2024.

In the global cotton-dominated apparel market, polyester staple fiber (PSF) has emerged as the fastest-growing segment in the recent past. The major reasons behind its increasing demand are its inherent good quality and the premium fetched by blended yarn in international markets. Polyester staple fibers are used in a wide range of applications such as carpets and rugs, fiberfill and nonwoven fabrics, home furnishings, and apparels. Polyester staple fiber has emerged as the fastest growing fiber amongst all types of fibers. Polyester staple fiber is increasingly used in mattresses and pillows due to the various advantages it offers. Demand for specialty mattresses is rising due to the high consumer preference for eco-friendly and health-promoting products.

To read more, please visit https://www.prnewswire.com/news-releases/polyester-staple-fiber-market-is-projected-to-reach-us424151-million-by-2024-global-industry-analysis-size-share-growth-trends-and-forecast-2016—2024-transparency-market-research-595093621.html

Related Articles