Europe Polyester Staple Fiber Market - Forecast(2024 - 2030)

Report Code: CMR 1306 Report Format: PDF + Excel

Europe Polyester Staple Fiber Market Overview

Europe Polyester Staple Fiber Market size is forecasted to reach a value of US$11.1 billion by the end of 2027 after growing at a CAGR of 6.2% during the forecast period 2022-2027. Polyester Staple fiber (PSF) is a synthetic man-made fiber made directly from purified terephthalic acid (PTA), mono ethylene glycol (MEG), polyethylene naphthalate, or polyethylene terephthalate (PET) /Polyester waste or from recycled post consumed polyethylene terephthalate (PET) bottle flakes. The rising demand for apparel, increasing automotive industry, increasing government initiative and increasing construction activities in various European countries, are the prime growth drivers of Europe polyester staple fiber industry. In addition, the rising popularity of bio-based polyester staple fiber and the increase in adoption of polyester staple fiber for application in newer industrial verticals and emerging economies will create new opportunities for the Europe Polyester Staple Fiber Market. However, fluctuating prices and supply of crude oil and complex manufacturing processes are the key restraints for the Europe Polyester Staple Fiber Market, which is anticipated to restrict the growth of the Europe Polyester Staple Fiber Market size over the coming years. Several end-use industries in Europe's Polyester Staple Fiber industry suffered negative effects as a result of the novel coronavirus pandemic. The production halt owing to enforced lockdown in Europe resulted in decreased supply, demand and consumption of polyester staple fiber in Europe, which had a direct impact on the Europe Polyester Staple Fiber Market size.

Europe Polyester Staple Fiber Market Report Coverage

The “Europe Polyester Staple Fiber Market Report – Forecast (2022-2027)” by IndustryARC, covers an in-depth analysis of the following segments in the Europe Polyester Staple Fiber industry.

By Origin: Virgin Polyester Staple Fiber, Recycled Polyester Staple Fiber and Blend of Virgin and Recycled Polyester Staple Fiber.
By Type: Solid Polyester Staple Fiber and Hollow Polyester Staple Fiber.
By End-Use Industry: Apparel and Textile (Sports Apparels, Casual Apparels, Protective Apparels, Bio-active Textiles, Interior Textiles, Geotextiles and Others), Automotive (Airbags, Seat & Seat Belts, Headliners, Tires and Others), Home Furnishing (Sofa, Chairs, Upholstery, Pillows, Curtains, Carpets and Others), Filtration (Water and Air), Building and Construction (Roofs, Tiles, Ceilings and Others), Personal Care & Hygiene (Wipes, Diapers, Sanitary Napkins and Others), Electrical & Electronics (Computers, Recording Tapes and Others) and Others.
By Country: the UK, Germany, France, Italy, Netherlands, Spain, Belgium and the Rest of Europe.

Key Takeaways

  • Germany dominates the Europe Polyester Staple Fiber Market, owing to the increasing production and demand for apparel, textile and automotive in Germany. This increase in production and demand can be attributed to the growing urbanization and population in Germany.
  • Rising Polyester Staple Fiber demand from various end-use industries such as home furnishing, construction and automotive in Europe, owing to its long-term effectiveness, high elastic resilience, tenacity and eco-friendly nature is boosting the Europe Polyester Staple Fiber Market size growth during the forecast period.
  • Various Polyester Staple Fibers, which are hi-tech in nature, are available with antimicrobial properties that offer advanced protection against bad odor and other infections. These sophisticated qualities are further contributing to the Europe polyester staple fiber industry growth.
  • However, Polyester Staple Fibre R&D is a time-consuming process that requires significant financial investment. Inconsistent R&D in material enhancing and processing techniques will likely impede market expansion.

Figure: Germany Polyester Staple Fiber Market Revenue, 2021-2027 (US$ Billion)
Europe Polyester Staple Fiber Market
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Europe Polyester Staple Fiber Market Segment Analysis – by Type

The Recycled Polyester Staple Fiber segment held a significant share in the Europe Polyester Staple Fiber Market share in 2021 and is forecasted to grow at a CAGR of 6.5% during the forecast period 2022-2027, owing to the various benefits associated with recycled staple fiber when compared to other types. A synthetic fiber created by man and made from PET/Polyester waste and previously used PET bottles is known as recycled polyester staple fiber. It has a broad range of applications in the non-woven carpet, wadding, filtration, stuffing, spinning yarns and making geotextiles industries, which is assisting the segment growth in Europe. Because recycled polyester staple fiber is produced using recycled petroleum, there is less need for new petroleum extraction, which lowers our overall carbon footprint. Recycled polyester production reduces CO2 emissions by 75% compared to virgin polyester production, making it better for the environment. As a result, the demand for recycled polyester staple fiber is on a significant upsurge in Europe, thereby driving segmental growth.

Europe Polyester Staple Fiber Market Segment Analysis – by End-use Industry

The apparel and textile segment held a significant share in the Europe Polyester Staple Fiber Market share in 2021 and is forecasted to grow at a CAGR of 6.8% during the forecast period 2022-2027, owing to the growing demand for polyester staple fiber for the manufacturing of apparels because of its properties such as lightweight, good hygroscopicity and softness. To create thin thermal underwear, warm winter casual wear and sportswear with good heat retention, soft feeling and soft luster, hollow polyester staple fiber is frequently used. Additionally, it is used to create warm, soft and wear-resistant gloves and socks. The colors and prints on polyester clothing are typically more vibrant and long-lasting. Given that it is less expensive, thinner and comes in a variety of patterns and colors than other fibers, it is the most suitable substitute for cotton. As a result, polyester dominates the textile selection for shirts and dresses. There are also numerous high-tech varieties of polyester staple fiber that are antibacterial and offer a better defense against odor and illnesses. The demand for polyester staple fiber is increasing as a result of its wide range of properties, which is anticipated to further propel the use of polyester staple fiber in the apparel and textile industry throughout the forecast period.

Europe Polyester Staple Fiber Market Segment Analysis – by Geography

Germany held a significant share in the Europe Polyester Staple Fiber Market share in 2021 up to 27% and is forecasted to grow at a CAGR of 6.7% during the forecast period 2022-2027, owing to the bolstering growth of the apparel and textile sector in Germany. The German apparel and textile industry is growing, for instance, according to The Status of German Fashion 2021 report published by Fashion Council Germany, Germany is a major manufacturer, with the fourth highest total manufacturing output in the world.10 This prominence extends to the fashion industry, as Germany is one of the largest producers of clothing in the EU. The country's clothing manufacturing industry had a gross value added of €2.3 billion in 2018. (GVA). Germany has one of the largest consumer markets for the sale of fashion goods in the world due to its size as one of the largest economies in the world. German consumers spent €76 billion on apparel and footwear in just one year. With the bolstering growth of the apparel and textile sector in Germany, the demand for polyester staple fiber is on an upsurge in Germany. As a result, over the forecast period, the growth of the Germany polyester staple fiber industry is being directly supported by the bolstering growth of the apparel and textile sector in Germany.

Europe Polyester Staple Fiber Market Drivers

Increasing Automobile Production:

Textile materials such as polyester staple fibers are extensively used in automobiles in the production of automobile carpets, seating fabrics, side, roof, floor and door panels, safety belts, tires, airbags, air filters, fuel filters, insulation materials and more. Polyester (mainly polyethylene terephthalate but also polybutylene terephthalate and polyethylene naphthalate) is the predominant fiber used in the manufacturing of automotive textiles. Polyester staple fibers are widely used in automobiles because they are economical and have a high level of durability, which has resulted from the booming automotive industry and the acceleration of automobile sales. The automotive industry is growing in European countries, for illustration, according to the Verband der Automobilindustrie (VDA), in contrast to the standstill in passenger car production in Germany in April 2020 (-97 percent), in April 2021, 316,200 cars were built (+2701 percent). In the first four months of this year, production reached almost 1.3 million units (+22 percent). According to the International Organization of Motor Vehicle Manufacturers (OICA), the production of heavy trucks increased from 236,328 units in 2020 to 308,300 units in 2021, an increase of 31%. Also, the production of light commercial vehicles increased from 2,110,220 units in 2020 to 2,183,190 units in 2021, an increase of 4%. With the increasing automobile production, the demand for automotive carpets, seating fabrics, airbags and more is also increasing in the region, thereby acting as a driver for the Europe Polyester Staple Fiber Market during the forecast period.

Growing Building and Construction Activities:

It is well known that combining polyester staple fibers with asphalt cement enhances the shear, tensile and temperature stability of the resulting concrete. The demand for polyester staple fibers is gradually rising in the European building and construction sector as builders increasingly concentrate on making their structures stronger to comply with the strict regulations implemented by several countries. The European building and construction industry are gradually growing, for illustration, according to the European Construction Sector Observatory (ECSO), the volume index of production in Ireland broad construction sector recorded an increase of 31.4% during 2015-2020, mainly driven by a 39.2% increase in the construction of buildings. The volume index of production in Belgium's broad construction sector increased by 2.8% between 2015 and 2019. Similarly, the volume index of production in the Denmark narrow construction sub-sector increased by 17.8% during the 2015-2020 period. This was driven by the growth in the volume index of production in the construction of buildings (+20.0%) over the same period. In the UK, from 2015 to 2019, the volume index of production in the overall construction sector increased by 12.4 percent. Building and civil engineering construction both grew concurrently during the aforementioned period, at rates of 18.4% and 11.6 percent, respectively. This growth will undoubtedly fuel the growth of the Europe polyester staple fiber industry during the forecast period.

Europe Polyester Staple Fiber Market Challenge

Fluctuating Raw Material Prices:

The raw materials often used for the production of polyester staple fiber are the downstream products of crude oil such as polyethylene naphthalate, polyethylene terephthalate, mono ethylene glycol and purified terephthalic acid. During the previous few years, the price of crude oil has been extremely volatile. For instance, the price of Brent crude oil has decreased from US$98.95/bbl in 2014 to US$52.39/bbl in 2015 and increased from US$43.73/bbl in 2016 to US$71.31/bbl in 2018 and then decreased to US$64.21/bbl in 2019 and US$41.84/bbl in 2020, according to the BP Statistical Review of World Energy. The volatility in the price of oil has caused fluctuation in the prices of polyethylene naphthalate, mono ethylene glycol, purified terephthalic acid and polyethylene terephthalate, which is the major raw material for the manufacturing of polyester staple fiber. Thus, the fluctuation in the price of crude oil has a direct influence on the price of the polyester staple fiber, which is a significant challenge for the Europe Polyester Staple Fiber Market during the forecast period.

Europe Polyester Staple Fiber Industry Outlook

Technology launches, acquisitions and R&D activities are key strategies adopted by players in the Europe Polyester Staple Fiber Market. The top 10 companies in the Europe Polyester Staple Fiber Market are:

  1. Toray Chemical Korea Inc.
  2. W. Barnet Gmbh & Co. KG
  3. Alpek S.A.B. de C.V.
  4. Reliance Industries Limited
  5. Diyou Fibre (M) Sdn Bhd.
  6. Huvis Corporation
  7. Indorama Corporation
  8. Xinda Corporation
  9. Ecoplast JSC
  10. Petrovietnam Petrochemical

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1. Europe Polyester Staple Fiber Market - Market Overview
    1.1 Definitions and Scope
2. Europe Polyester Staple Fiber Market - Executive Summary
    2.1 Key Trends by Origin
    2.2 Key Trends by Type
    2.3 Key Trends by End-use Industry
    2.4 Key Trends by Country
3. Europe Polyester Staple Fiber Market – Comparative analysis
    3.1 Market Share Analysis - Major Companies
    3.2 Product Benchmarking - Major Companies
    3.3 Top 5 Financials Analysis
    3.4 Patent Analysis - Major Companies
    3.5 Pricing Analysis (ASPs will be provided)
4. Europe Polyester Staple Fiber Market - Startup companies Scenario Premium Premium
    4.1 Major startup company analysis:
        4.1.1 Investment
        4.1.2 Revenue
        4.1.3 Product portfolio
        4.1.4 Venture Capital and Funding Scenario
5. Europe Polyester Staple Fiber Market – Industry Market Entry Scenario Premium Premium
    5.1 Regulatory Framework Overview
    5.2 New Business and Ease of Doing Business Index
    5.3 Successful Venture Profiles
    5.4 Customer Analysis – Major companies
6. Europe Polyester Staple Fiber Market - Market Forces
    6.1 Market Drivers
    6.2 Market Constraints
    6.3 Porters Five Force Model
        6.3.1 Bargaining Power of Suppliers
        6.3.2 Bargaining Powers of Buyers
        6.3.3 Threat of New Entrants
        6.3.4 Competitive Rivalry
        6.3.5 Threat of Substitutes
7. Europe Polyester Staple Fiber Market – Strategic Analysis
    7.1 Value Chain Analysis
    7.2 Opportunity Analysis
    7.3 Product/Market Life Cycle
    7.4 Distributor Analysis – Major Companies
8. Europe Polyester Staple Fiber Market - by Origin (Market Size - US$ Million/Billion)
    8.1 Virgin Polyester Staple Fiber
    8.2 Recycled Polyester Staple Fiber
    8.3 Blend of Virgin and Recycled Polyester Staple Fiber
9. Europe Polyester Staple Fiber Market - by Type (Market Size - US$ Million/Billion)
    9.1 Solid Polyester Staple Fiber
    9.2 Hollow Polyester Staple Fiber
10. Europe Polyester Staple Fiber Market - by End-use Industry (Market Size - US$ Million/Billion)
    10.1 Apparel and Textile
        10.1.1 Sports Apparels
        10.1.2 Casual Apparels
        10.1.3 Protective Apparels
        10.1.4 Bio-active Textiles
        10.1.5 Interior Textiles
        10.1.6 Geotextiles
        10.1.7 Others
    10.2 Automotive
        10.2.1 Airbags
        10.2.2 Seat & Seat Belts
        10.2.3 Headliners
        10.2.4 Tires
        10.2.5 Others
    10.3 Home Furnishing
        10.3.1 Sofa
        10.3.2 Chairs
        10.3.3 Upholstery
        10.3.4 Pillows
        10.3.5 Curtains
        10.3.6 Carpets
        10.3.7 Others
    10.4 Filtration
        10.4.1 Water
        10.4.2 Air
    10.5 Building and Construction
        10.5.1 Roofs
        10.5.2 Tiles
        10.5.3 Ceilings
        10.5.4 Others
    10.6 Personal Care & Hygiene
        10.6.1 Wipes
        10.6.2 Diapers
        10.6.3 Sanitary Napkins
        10.6.4 Others
    10.7 Electrical & Electronics
        10.7.1 Computers
        10.7.2 Recording Tapes
        10.7.3 Others
    10.8 Others
11. Europe Polyester Staple Fiber Market - by Country (Market Size - US$ Million/Billion)
    11.1 UK
    11.2 Germany
    11.3 France
    11.4 Italy
    11.5 Netherlands
    11.6 Spain
    11.7 Belgium
    11.8 Rest of Europe
12. Europe Polyester Staple Fiber Market – Entropy
    12.1 New Product Launches
    12.2 M&As, Collaborations, JVs and Partnerships
13. Europe Polyester Staple Fiber Market – Industry/Segment Competition Landscape Premium
    13.1 Company Benchmarking Matrix – Major Companies
    13.2 Market Share by Key Country - Major companies
    13.3 Market Share by Key Application - Major companies
    13.4 Market Share by Key Product Type/Product category - Major companies
14. Europe Polyester Staple Fiber Market – Key Company List by Country Premium Premium
15. Europe Polyester Staple Fiber Market Company Analysis - Business Overview, Product Portfolio, Financials and Developments
    15.1 Company 1
    15.2 Company 2
    15.3 Company 3
    15.4 Company 4
    15.5 Company 5
    15.6 Company 6
    15.7 Company 7
    15.8 Company 8
    15.9 Company 9
    15.10 Company 10 and more
* "Financials would be provided to private companies on best-efforts basis."
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