AP NEWS
Press release content from Business Wire. The AP news staff was not involved in its creation.
PRESS RELEASE: Paid content from Business Wire
Press release content from Business Wire. The AP news staff was not involved in its creation.

Global Polyester Staple Fiber (PSF) Market 2018-2022 | 5% CAGR Projection Through 2022 | Technavio

January 7, 2020 GMT
Global Polyester Staple Fiber (PSF) Market 2018-2022 | 5% CAGR Projection Through 2022 | Technavio
Global Polyester Staple Fiber (PSF) Market 2018-2022 | 5% CAGR Projection Through 2022 | Technavio

LONDON--(BUSINESS WIRE)--Jan 7, 2020--

The global polyester staple fiber (PSF) market is expected to post a CAGR of more than 5% during the period 2018-2022 according to the latest market research by Technavio. Request a free sample report

This press release features multimedia. View the full release here: https://www.businesswire.com/news/home/20200107005408/en/

Technavio has announced its latest market research report titled global polyester staple fiber (PSF) market 2018-2022 (Graphic: Business Wire)

APAC is witnessing a significant increase in the demand for finished goods despite the slowdown in the export business. Rapid urbanization and rising consumption of clothing have increased the demand for PSF in China. The implementation of stringent monetary policies by the Chinese government has also increased the demand for PSF in the country. Moreover, the current aggressive development of downstream polyester activities by prominent end-user companies in India and Pakistan has further increased the demand for PSF in APAC. The rising demand for PSF in APAC is crucial in driving the growth of the global polyester staple fiber (PSF) market.

To learn more about the global trends impacting the future of market research, download a free sample: https://www.technavio.com/talk-to-us?report=IRTNTR21372

As per Technavio, the rising awareness of sustainable production methods will have a positive impact on the market and contribute to its growth significantly over the forecast period. This research report also analyzes other important trends and market drivers that will affect market growth over 2018-2022.

Global Polyester Staple Fiber (PSF) Market: Rising Awareness of Sustainable Production Methods

The growing demand for eco-friendly products is compelling various companies to adopt sustainable practices to ensure the safety of consumers as well as the environment. This is leading to the shift in preference from petroleum-based non-biodegradable synthetic fibers such as polyester to renewable and biodegradable synthetic fibers made from natural resources such as polylactic acid and lyocell. This trend is expected to contribute significantly to the growth of the global PSF market during the forecast period.

“The emergence of textile recycling technology and increasing investments in R&D activities for the development of the textile recycling technology will further boost market growth during the forecast period”, says a senior analyst at Technavio.

Register for a free trial today and gain instant access to 17,000+ market research reports.

Technavio’s SUBSCRIPTION platform

Global Polyester Staple Fiber (PSF) Market: Segmentation Analysis

This market report segments the global polyester staple fiber (PSF) market by application (apparel, home furnishing, automotive, filtration, and others), product (solid and hollow), and geography (Americas, APAC, and EMEA).

The APAC region led the market in 2017, followed by the Americas and EMEA respectively. During the forecast period, the APAC region is expected to maintain its dominance over the market. This is due to the rapid urbanization, increasing residential and commercial construction activities, and increasing disposable income of consumers in the region.

Technavio’s sample reports are free of charge and contain multiple sections of the report, such as the market size and forecast, drivers, challenges, trends, and more.

Request a free sample report

Some of the key topics covered in the report include:

Market Landscape

Market Sizing

Five Forces Analysis

Market Segmentation

Customer Landscape

Geographical Segmentation

Market Drivers

Market Challenges

Market Trends

Vendor Landscape

Vendor Analysis

About Technavio

Technavio is a leading global technology research and advisory company. Their research and analysis focus on emerging market trends and provides actionable insights to help businesses identify market opportunities and develop effective strategies to optimize their market positions.

With over 500 specialized analysts, Technavio’s report library consists of more than 17,000 reports and counting, covering 800 technologies, spanning across 50 countries. Their client base consists of enterprises of all sizes, including more than 100 Fortune 500 companies. This growing client base relies on Technavio’s comprehensive coverage, extensive research, and actionable market insights to identify opportunities in existing and potential markets and assess their competitive positions within changing market scenarios.

View source version on businesswire.com:https://www.businesswire.com/news/home/20200107005408/en/

CONTACT: Technavio Research

Jesse Maida

Media & Marketing Executive

US: +1 844 364 1100

UK: +44 203 893 3200

Email:media@technavio.com

Website:https://www.technavio.com/

KEYWORD:

INDUSTRY KEYWORD: MANUFACTURING OTHER MANUFACTURING ENVIRONMENT TEXTILES CHEMICALS/PLASTICS

SOURCE: Technavio Research

Copyright Business Wire 2020.

PUB: 01/07/2020 04:30 AM/DISC: 01/07/2020 04:30 AM

http://www.businesswire.com/news/home/20200107005408/en