PUBLISHER: Grand View Research | PRODUCT CODE: 1771644
PUBLISHER: Grand View Research | PRODUCT CODE: 1771644
The global polyester staple fiber market size is estimated to reach USD 54.15 billion by 2033, registering to grow at a CAGR of 4.3% from 2025 to 2033 according to a new report by Grand View Research, Inc. The rise in the global consumption of sustainable textiles has been a major factor driving market growth. Growing consciousness regarding the environment and cheaper price of PSF as compared to that of cotton have increased the utilization of PSF in the global market.
Polyester staple fiber is lightweight, wrinkle-free, and resistant to light and weather. It also has the ability to withstand extreme climatic conditions. It is used as a key element in various end-use sectors, including apparel, home furnishing, construction, and automotive, which is expected to drive market growth over the forecast period. Rising product demand, owing to its long-term effectiveness, high elastic resilience, tenacity, and eco-friendly nature of PSF, is also expected to boost market growth over the next eight years.
Solid PSF was the largest product segment in 2024 and is expected to witness a promising growth rate over the forecast period. The hollow product segment is anticipated to observe a low growth rate by 2033. In terms of revenue, the apparel application segment is anticipated to observe the fastest growth over the forecast period. PSF is instrumental in improving the overall quality at a lower price than its alternatives, which is expected to drive its demand. Increasing product usage in Asia Pacific owing to its rising utilization in the textile manufacturing industry is also expected to boost demand over the forecast period.