Global Recycled Polyester Staple Fiber Market size is projected to be valued $XX Billion by 2024; with a CAGR of XX% from 2017 to 2025. Recycled Polyester Staple Fiber (PSF) is used in filtration industries, non-woven carpets, wadding, as a poly-fill for stuffing pillows, soft toys, and quilts. These fibers are also used for making geotextiles and spinning yarns. It also finds wide-spread application in spinning to make polyester spun yarn which is then knitted or weaved into fabrics.
Ever increasing textile industry globally, growing demand for non-woven fabric, and rising awareness of consumers regarding recycled PSF and sustainable textiles are the primary factors driving the growth of the global recycled polyester staple fiber market. However, recycled PFS shed fibers when washed which could limit the market from growing. Moreover, ongoing research to develop superior fibers, and adoption of recycled PEF in construction and personal care sectors is expected to generate lucrative growth opportunities for the market in the forecast period.
Type, application, and geography are the major segmentations considered in the global recycled polyester staple fiber. The type segment is sub-segmented into solid fiber, and hollow fiber. Furthermore, the application segment is bifurcated into apparel, home furnishing, automotive, filtration, construction, and personal care & hygiene.
Based on geography, the global recycled PSF market is segmented into North America, Europe, Asia-Pacific, and Rest of the World (RoW). North America is further bifurcated in U.S., Canada, and Mexico whereas Europe consists of UK, Germany, France, and Rest of Europe. Asia-Pacific is segmented into China, Japan, India, South Korea, Taiwan, and Rest of Asia-Pacific while RoW is bifurcated into South America, Middle East, and Africa.
Key players operating in the global market include China Petroleum & Chemical Corporation, Reliance Industries Limited, Zhejiang Hengyi Group Co., Ltd., W. Barnet GmbH & Co. KG, TORAY INDUSTRIES, INC., Indorama Ventures Public Company Limited, Alpek S.A.B. de C.V., Ganesha Ecosphere Ltd., Bombay Dyeing, and Diyou Fibre (M) Sdn Bhd, among others.
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Scope of the Global Recycled Polyester Staple Fiber Market