Global Staple Fibers Market Overview:
Growing demand for sustainable clothing will help to boost global staple fiber market. Staple fibers are manufactured from raw cotton, wool, hemp, or flax, among which cotton and wool are the most commonly used raw materials. Staple fibers are natural, cellulosic, or synthetic fibers with variable lengths. There are various applications of staple fibers including apparel, automotive, construction, home furnishing, filtration and personal care & hygiene among others. Some of the key players profiled in the study are TEijin Fronteir Co. Ltd. (Japan), Xinda Corp (China), Aditya Birla Group (India), Hubei Botao Synthetic Fiber Co. Ltd. (China), Advansa (Germany), Sateri International Co. Ltd. (China), Lenzing AG (Austria), US Fibers (United States), Celanese AG (United States), Zedtex Australia Pty Ltd. (Australia) and Märkische Faser GmbH (Germany). According to Market Analyst at AMA, the Global Staple Fibers market may see a growth rate of 3.8%
On the basis of geography, the market of Staple Fibers has been segmented into South America (Brazil, Argentina, Rest of South America), Asia Pacific (China, Japan, India, South Korea, Taiwan, Australia, Rest of Asia-Pacific), Europe (Germany, France, Italy, United Kingdom, Netherlands, Rest of Europe), MEA (Middle East, Africa), North America (United States, Canada, Mexico). North America region held largest market share in the year 2018. Europe on the other hand stood as second largest market due to the presence of key companies into the region and high technological advancement. If we see Market by Distribution Channel, the sub-segment i.e. Online will boost the Staple Fibers market. Additionally, the rising demand from SMEs and various industry verticals gives enough cushion to market growth.
Market Drivers
- Changing Consumer Expenditure Along With Growing Demand for Carpets And Other Home Furnishing Products
- Rising Demand for Clothes Manufactured Using Recycled Materials
Market Trend
- High Adoption Of Light Weight Fabrics In Automotive Applications
- Upsurge in Demand for Cost-Effective Synthetic Fibers Particularly In the Emerging Nations
Restraints
- Volatility in Raw Material Cost
Opportunities
- Huge investments in R&D activities to produce innovative Products in Emerging Countries
- Growing Demand of Less Hazardous Polyester Staple Fibers
Challenges
- Strict Government Regulations for Usage of Harmful Staple Fibers
Major Market Developments:
On 2nd January 2019, Celanese Corporation a global chemical and specialty materials company, has acquired Next Polymers Ltd., one of India’s largest engineering thermoplastics (ETP) compounders. This acquisition helps to expand Celanese Corporation’s business in India .
On 16th January 2019, Teijin Frontier Co., Ltd. global fibers and products converting company has launched a new line of sportswear and other clothing incorporating "wearable solutions".
Target Audience:
Raw Material Suppliers and Distributors, Commercial Research & Development (R&D) Institutions, Associations and Industrial Bodies, Traders, Exporters and Importers, Government Regulatory Bodies, Government and Private Research Institutes and Others
Major Objectives Focused through this Study
To define, describe, and forecast the Global Staple Fibers market on the basis of product [Cotton, Cellulosic, Polyester and Others] , application [Apparel, Automotive, Construction, Home Furnishing, Filtration, Personal Care & Hygiene and Others], key regions and end user
To provide in-depth information regarding major influencing factors affecting the growth of the market (trends, drivers, restraints, opportunities, and industry-centric and regional challenges)
To strategically analyse the micro-markets and important business segments with respect to individual growth drivers , market trends and potential, and historical contributions to the total market
Identifying the opportunities in the market for key stakeholders and detailing the competitive landscape for market leaders
To provide market size for various segments of the Staple Fibers market with respect to major geographies, namely, South America (Brazil, Argentina, Rest of South America), Asia Pacific (China, Japan, India, South Korea, Taiwan, Australia, Rest of Asia-Pacific), Europe (Germany, France, Italy, United Kingdom, Netherlands, Rest of Europe), MEA (Middle East, Africa), North America (United States, Canada, Mexico)
To strategically profile the key players and analyzing their market shares and core competencies in the Staple Fibers industry
To track key developments such as product launches, expansions, agreements, partnerships, mergers & acquisitions, and R&D activities that are key factors in shaping the market
Available Customization:
Data related to EXIM [Export- Import], production & consumption by country or regional level break-up can be provided based on client request**. Additionally, the Vendors which are also part of the research are Nirmal Fibers Ltd. (India), Unitec Fibers (India) and Shanghai Polytex Co. Ltd. (China).
** Confirmation on availability of data would be informed prior purchase
While framing the research framework, major and emerging players operating in the Staple Fibers market in various regions have been profiled, and their offerings, geographic footprints, and distribution/sales channels have been analysed through in-depth discussions. Top-down and bottom-up approaches have been used to determine the overall market size. Sizes of the other individual markets have been estimated using the percentage splits obtained through secondary sources such as Hoovers, Bloomberg BusinessWeek, and Dow Jones (Factiva), along with primary respondents. The complete methodology includes the study of the annual and financial reports of the key market players and extensive interviews with industry experts such as CEOs, VPs, directors, and marketing executives for key insights (both qualitative and quantitative) related to the market.