Over the forecast period, the global market for staple fibres is expected to grow at a 3.4% CAGR (Compound Annual Growth Rate) in terms of revenue.
The global staple fibre market is experiencing revenue growth due to rising environmental awareness and demand for recycled polyester staple fibre.
Over the forecast period, the market in Asia-Pacific is anticipated to have the largest revenue share in the market for staple fibres worldwide.
The staple fiber market size was estimated to be US$ 190 billion in 2021.
With a share of more than 35% in 2021, the polyester sector had the largest staple fibre market share. One of the most prominent synthetic fibres is polyester staple fibre, and during the past few years, demand for this fibre has increased theatrically.
Major players operating in the global staple fibres market include Shanghai Polytex Co., Limited, Eastman Chemical Company, Beaulieu Fibres International, Teijin Frontier Co., Ltd., Bracell, Celanese Corporation, China Petrochemical Corporation, Reliance Industries Limited, Barnet, and Aditya Birla Management Corporation Pvt. Ltd.
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