Polyester Staple Fiber Market - Forecast (2021 - 2026)
Polyester Staple Fiber Market is forecast to reach $24.5 billion by 2026, after growing at a CAGR of 6.1% during 2021-2026. Polyester is a synthetic polymer produced from purified terephthalic acid (PTA) or its dimethyl ester terephthalate (DMT) and monoethylene glycol (MEG). Globally, rising demand for apparel, increasing automotive industry, increasing government initiative, and increasing construction activities in various regions, are the prime growth drivers of the global polyester staple fiber market. Furthermore, new opportunities will be created for the global polyester staple fiber market, owing to the increasing popularity of bio-based polyester staple fibers , and increasing adoption of polyester staple fibers for application in newer industrial verticals. However, for the global polyester staple fiber market, fluctuating prices and supply of crude oil and complex production processes are the key constraints. Request Sample The coronavirus (Covid-19) pandemic has limited the...