The staple fibers market is predicted to grow quickly, reaching a value of US$ 284.4 billion by 2032 from US4 199.68 billion in 2022. Within the same time frame, demand is anticipated to increase at a CAGR of 3.6%.
The staple fibers market is rising, since there is an increasing need for affordable, environmentally friendly, resilient, and lightweight fiber. The market is expanding as a result of growing concern over the impact particular fibers have on the environment.
Moreover, the availability of several designs, colors, styles, and appealing prints is also anticipated to support the adoption of staple fibers. The demand for staple fibers from end-use industries is predicted to increase quickly:
Textile Industry
During the projected period, a consistent CAGR is predicted for the market for textile staple fibers. All different types of textile products, including clothes, home furnishings, and industrial textile products, are produced by the textile industry. The demand for textile items has increased as a result of rising disposable incomes and shifting lifestyles among Indian consumers.
Medical Industry
Due to the rise in surgical operations, there is a growing demand for staple fibers in the medical industry. As more people choose surgeries to enhance their quality of life, the number of surgical procedures is rising. Additionally, there is an increase in the number of patients receiving surgical treatment for chronic illnesses.
Automotive Industry
The automotive industry's staple fibers market is mostly utilized to create various parts for cars, including interiors, upholstery, seat covers, etc. The fact that staple fibers are tough and long-lasting is their main benefit in the automotive industry.
They are therefore widely employed in the automotive industry. In the upcoming years, a respectable pace of growth in the market for staple fibers is anticipated due to this.
The creation of a new portfolio and the growth of product plants are a few of the important strategies used by the leading companies in the worldwide market for staple fibers.
in September 2016, a joint venture between W. Barnet GmbH & Co. KG and Albis Plastics was established in the USA. ALBIS's annual manufacturing capacity grew by 45,000 tons as a result of this acquisition.
Other benefits include direct market access for raw materials with post-industrial properties, repellency know-how, compounding, and product development.
Moreover, IBEF predicts that the Indian infrastructure market would increase to $5 billion by 2022. Indian infrastructure and building projects received US$25.19 billion in foreign direct investment from April 2000 to March 2016. The demand for staple fibers in the region is expanding due to the expansion of related sectors like construction and furniture.
Staple fibers are all natural fibers except for the silk that are twisted together to form yarns. Staple fibers vary in length and available in a wide range of compositions. Staple fibers can be manufactured either from wool, raw cotton, flax or hemp. The most common raw material used for manufacturing staple fiber is wool and cotton.
However, it is also manufactured from the other raw materials such as alpaca, angora, mohair and flax. Filament fibers are usually cut into shorter lengths either for spinning using a specific type of fiber or in the various combinations of natural fibers that are also considered to be the staple fibers.
Staple fibers are either short filaments having length of about 21/2 inches and filaments are known as longer staples when they have length more than that of 21/2 inches. Cotton is a short staple fiber that ranges from roughly 1 inch to almost 2 inch in length on the other hand wool is a long staple fiber which ranges from about 21/2 inches to 6 inches. These fibers must be spun together in order to create a usable strand.
Attributes
Details
Staple Fibers Market CAGR (2022 to 2032)
3.6%
Staple Fibers Market Size (2022)
US$ 199.68 billion
Staple Fibers Market Size (2032)
US$ 284.4 billion
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Staple fibers Market: Drivers and Restraints
Staple fibers are typically used in the wide range of applications such as clothing construction, needle crafting, rug-making and weaving industries. The yarns of the long staple fibers are ideal for manufacturing heavy-use objects such as blankets, coats, rugs and wrap threads.
Just like the growing demand for other housing related products there is an increase in the demand for carpets. Thus, the expanding carpet market is anticipated to boost the demand for the staple fibers during future.
In addition, the staple fibers are also used in the manufacturing of blankets. Thus, owing to the decreasing temperature there is rise in the demand for the winter clothing in across the colder regions which has boosted the growth of the industry which is expected to drive the overall staple fibers market during the forecast period.
Third major use of short staple fibers are to produce more delicate yarns for manufacturing of light-weighted garments. Owing to the development of wide range of applications of the staple fibers from the carpet to the non-woven has boosted the overall growth in the demand for the staple fibers market.
Staple fibers Market: Segmentation
Global staple fibers market is anticipated to grow at a CAGR of 6% to 7% from 2016 to 2025 owing to various macroeconomic and demographic factors. The global staple fibers can be segmented on the basis of product type and region.
Global staple fibers market on the basis of product type is segmented into two categories namely; woven and non-woven. Non-woven segmented dominated the market in 2015 when compared to woven type and anticipated to remain pre-dominant over the forecast period.
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Staple fibers Market: Region-wise Outlook
The global staple fibers market is geographically segmented into seven key regions namely; North America, Latin America, Western Europe, Eastern Europe, Asia Pacific (Excluding Japan), Japan and Middle East & Africa.
In terms of consumption, Asia-Pacific region dominated the global staple fibers market in 2014 followed by North America and Europe respectively. In terms of production, China is the largest producer and consumer and projected to grow at higher CAGR when compared to other countries in any of the region.
Also, India is anticipated to fuel the demand for staple fibers owing to increasing manufacturing activities and improving economic conditions. In North America U.S. is the largest segment when compared to Canada, an in Latin America Brazil and Mexico is anticipated to grow at significant rate.
Staple fibers Market: Key Players
Key players are investing hugely in the research and development in order to introduce innovative products in the market. Some of the major players in global staple fibers market is Sateri International Co. Ltd., TEIJIN FRONTEIR Co. Ltd., XINDA Corp, Hubei Botao Synthetic Fiber Co., ltd. and ADVANSA among others.
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The research report provides analysis and information according to categories such as market Segments, geographies, types and applications.
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The report covers exhaustive analysis on
Market Segments
Market Dynamics
Market Size
Supply & Demand
Current Trends/Issues/Challenges
Competition & Companies involved
Value Chain
Regional analysis includes
North America
Latin America
Asia Pacific
Japan
Western Europe
Eastern Europe
Middle East & Africa
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