Staple Fibers Market Size, Market Share, Application Analysis, Regional Outlook, Growth Trends, Key Players, Competitive Strategies and Forecasts, 2022 To 2030

Staple fibers refer to cellulosic, natural or synthetic fibers having variable lengths and are available in a comprehensive variety of compositions. Staple fibers are prepared either from flax, wool, hemp or raw cotton out of which wool and cotton are the most widely used materials. Staple fibers are also manufactured using other raw materials including alpaca, angora and mohair. Filament fibers are spun into shorter lengths using varied blends of natural fibers or a special type of fiber. Staple fibers have diverse applications ranging from apparel and automotive to home furnishing, construction, personal care & hygiene, and filtration among others.

Staple fibers are utilized in a wide variety of end use applications such as construction, clothing, rug-making, needle crafting and weaving. The Staple fiber yarns are considered best for the manufacture of coats, blankets, wraps and rug threads. The demand for carpets is increasing across the globe due to increasing consumer spending and rise in demand for dust binding materials. Hence, the rapid growth of carpet market is projected to augment the demand for staple fibers over the forecast period. Additionally, staple fibers are widely used in the blanket manufacturing. Thus, due to declining temperatures especially across colder regions of the globe, a significant rise in the demand for blankets and winter clothing has accelerated the overall growth of the global staple fibers market over the forecast period. Furthermore, increasing demand for light weight garments and rising demand for cost effective synthetic fibers are some other key factors driving the global staple fibers market.

However, fluctuation in raw material prices coupled with strict governmental norms regarding the use of harmful synthetic fibers especially for clothing and home furnishing purposes might hamper the market growth.

By type, polyester segment accounts for the largest share in the global staple fibers market. The market is witnessing growth on account of surge in demand for light weight staple fibers especially in construction and automotive industries. Moreover, rising per capita disposable incomes, rapid urbanization and rise in consumer expenditure are anticipated to bring impetus in the demand for staple fibers over the forecast period.

Asia Pacific staple fibers market is expected to tender numerous opportunities in the foreseeable years due to increasing demand for staple fibers from home furnishing and apparel applications. Moreover, changing lifestyles of consumers especially in India and China is driving the overall demand. The market for staple fibers in North America is primarily driven by increasing demand for sustainable and recycled clothing coupled with increasing use of synthetic carpets especially in colder provinces of Canada. Increasing demand for recycled fibers is a key growth driver in the global staple fibers market. Consumers are more inclined towards the use of sustainable textiles, which are generally manufactures using recycled materials. Thus, rising awareness about environmental protection is a key aspect augmenting the demand for sustainable fibers. Also, high availability of sustainable and ecological clothing in a broad range of bright colors, stylish designs and eye-catching prints is further complementing the overall demand.

Polyester was the dominant segment in the global staple fibers market in 2020 and is expected to uphold its dominance throughout the forecast period from 2022 to 2030. This is due to high demand for lightweight and cheaper fibers. Increasing demand for polyester staple fibers in several specialized end use applications such as carpet manufacturing and automotive upholstery is anticipated to bolster the market during the forecast period. Polyester staple fibers has emerged to be the fastest growing segment owing to low cost of manufacturing coupled with high demand from automotive applications. Additionally, owing to superior finish and good resilience properties of polyester staple fibers as well as rising demand from geotextile application is accelerating the demand for polyester staple fibers since it is beneficial in making geosynthetic clay liners, geonets and geotextile tubes. Moreover, increasing demand for polyester staple fibers in the manufacture of non-woven carpets and as a polyfill for stuffing soft toys, quilts and pillows is further driving the overall growth. Various characteristic properties of polyester staple fibers such as aesthetics, durability and recyclability are further accelerating the demand across the globe. Cotton segment accounted for the second largest share in the global market owing to increasing applications of cotton staple fibers the preparation of cushions, soft toys and mattresses. Furthermore, rising demand for staple fibers especially from construction and filtration applications is projected to bolster the overall demand over the forecast period.

By application, apparel accounted for the largest share in the global staple fibers market in 2020 and is anticipated to maintain its dominance throughout the forecast period. The market is mainly driven by the durability and resilience of staple fibers and exceptional light weight properties. Staple fibers are widely used in making shirts, denims, trousers and dress material. Increase in demand for sustainable fibers coupled with rapid urbanization and increasing consumer spending on light weight and efficient fabric further boosts the overall growth. Home furnishing segment is expected to grow at a noteworthy CAGR owing to increase in demand for non-woven carpets as well as increasing usage of polyester staple fibers in stuffing pillows, cushions and quilts especially in Asian and European countries. Moreover, increasing demand for recycled fibers and rapidly changing apparel sourcing trends especially in the Asia Pacific region are some other key factors anticipated to boost the overall demand for staple fibers over the forecast period. Furthermore, increasing demand for light weight fabrics from automotive industry coupled with rising usage of staple fibers in the manufacture of soft tissues and wipes in the personal care industry are expected to bring impetus in the overall demand.

Asia Pacific is projected to be the most lucrative region in the global staple fibers market on account of rise in per capita disposable incomes in several developing economies coupled with increasing consumer spending. Moreover, rapid urbanization, increasing demand for sustainable fabrics among consumers, increasing number of carpet manufacturers along with growth in the overall population are some other major factors driving the demand for staple fibers in the region. Rapid growth of the automotive industry, changing lifestyles and increasing demand for polyester staple fibers in apparel and home furnishing applications are further driving the overall demand. The North America staple fibers market is primarily driven by increase in the demand for lightweight yet efficient quilts due to changing climatic conditions coupled with increasing growth of the personal care & cosmetics industry. Also, increasing awareness among consumers towards the use of recycled fabrics, elevation in use of non-woven carpets and fluctuations in silk prices are some other factors driving the North America staple fibers market. The U.S. is the dominant country in the region and is driven by the rising demand for polyester staple fibers due to its cost effectiveness and light weight characteristics. Canada is anticipated to witness a rapid growth in the coming years owing to increasing population, decreasing temperatures in several provinces and growing construction industry.

Historical & Forecast Period

This study report represents analysis of each segment from 2020 to 2030 considering 2021 as the base year. Compounded Annual Growth Rate (CAGR) for each of the respective segments estimated for the forecast period of 2022 to 2030.

The current report comprises of quantitative market estimations for each micro market for every geographical region and qualitative market analysis such as micro and macro environment analysis, market trends, competitive intelligence, segment analysis, porters five force model, top winning strategies, top investment markets, emerging trends and technological analysis, case studies, strategic conclusions and recommendations and other key market insights.

Research Methodology

The complete research study was conducted in three phases, namely: secondary research, primary research, and expert panel review. key data point that enables the estimation of Staple Fibers market are as follows:

• Research and development budgets of manufacturers and government spending
• Revenues of key companies in the market segment
• Number of end users and consumption volume, price and value.
• Geographical revenues generate by countries considered in the report
• Micro and macro environment factors that are currently influencing the Staple Fibers market and their expected impact during the forecast period.

Market forecast was performed through proprietary software that analyzes various qualitative and quantitative factors. Growth rate and CAGR were estimated through intensive secondary and primary research. Data triangulation across various data points provides accuracy across various analyzed market segments in the report. Application of both top down and bottom-up approach for validation of market estimation assures logical, methodical and mathematical consistency of the quantitative data.

Market Segmentation

Type

• Cellulosic
• Cotton
• Polyester
• Others

Application

• Automotive
• Apparel
• Construction
• Home Furnishing
• Personal Care & Hygiene
• Others (Filtration)

Key questions answered in this report

• What are the key micro and macro environmental factors that are impacting the growth of Staple Fibers market?
• What are the key investment pockets with respect to product segments and geographies currently and during the forecast period?
• Estimated forecast and market projections up to 2030.
• Which segment accounts for the fastest CAGR during the forecast period?
• Which market segment holds a larger market share and why?
• Are low and middle-income economies investing in the Staple Fibers market?
• Which is the largest regional market for Staple Fibers market?
• What are the market trends and dynamics in emerging markets such as Asia Pacific, Latin America, and Middle East & Africa?
• Which are the key trends driving Staple Fibers market growth?
• Who are the key competitors and what are their key strategies to enhance their market presence in the Staple Fibers market worldwide?

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