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India- Growing demand in automotive sector and recycled fiber are driving the staple fibres market growth

Jan 13, 2020 (MENAFN via COMTEX) --

(MENAFN - Straits Research)

Staple fiber is a natural fiber (except silk) which can be available in various form such as flax, wool, raw cotton, hemp which can be twisted to form yarn. Physical properties of the staple fiber include small length fiber such as wool, jute, etc. which are measured in inches or centimeters. Industrial usage of staple fiber depends upon length, size, and longitudinal view. It is used in various industries such as personal care, automotive, construction, apparel, and others. Thick fabrics are used for thermal insulation in terms of thermal comfort owing to its high thermal resistance for protection from cold.

 Growing demand form non-woven, textile and apparel industry are expected to propel the growth of staple fibers market during assessment period 2019 -2026. Additionally, increasing attentions towards recycled polyester staple fiber (PSF) respective to reduce environment risk. Thick fabrics are used for thermal insulation in terms of thermal comfort owing to its high thermal resistance which can be further used in various industries such as energy, mining, chemical industry, and others.

Regional Insights

Geographically, the global staple fibers market is segmented into four regions: North America, Europe, Asia Pacific, and Latin America and the Middle East & Africa (LAMEA).

Europe is expected to lead in global staple fibers market during forecast period 2019- 2026, attributed to growing production of nonwoven fabric which is made from staple fiber through chemical, heat and mechanical treatment. For instance, according to the leading global association and voice of nonwovens and related industries, production of nonwovens in Europe was increased in volume by 4.3% which accounts to 2,544,450 tonnes and total estimated turnover was US$ 8848.13 million in 2017.

Asia Pacific is expected to possess significant traction in global staple fibers market due to growing market for soft furnishings which includes cushions, curtains, furniture covers which are not only used in home furnishing but also for hotel furnishing. Growing hospitality industry is positively impact on demand of staple fibers market in India. For instance, according to Indian Brand Equity Foundation, international hotel chains are expanding their presence in India and it is forecasted to account 50 % share in tourism & hospitality sector of India by 2022.

North America is notably leading in staple fibers market in 2017 because it finds cost-effective automotive manufacturing service for investors. For instance according to the Centre for Automotive Research, Mexico gaining popularity as well as investment form all types of automotive manufacturers due to low wages and forming strategies to support and grow a strong manufacturing base in Mexico. Moreover, production of automotive in Mexico was 4,000,000 million units and it projected to grow at 5,700,000 million units by 2021.

LAMEA is expected to gain considerable growth in staple fibers market attributed to raising production and production capacity. For instance, according to Texbrasil (The Brazilian Textile and Fashion Industry Internationalization Program), in Brazil, total apparel production was 5.7 billion pieces (home textiles + apparel + socks and accessories) in 2016 and it was reached at 8.9 billion pieces in 2017.

  Segmental Insights

Global staple fibers market is segmented by type, application, and structure.

By type, market is segmented into cotton, cellulosic, polyester and others. Polyester is expected to gain significant market for global Staple fibers market during forecast period. Polyester find major and diversified applications in apparel and home furnishing, automotive, etc. owing to its high tenacity, durability, and hydrophobic property. Polyester clothing also provides more fashionable, bright & attractive colour prints as compare to others which augment value of polyester cloth in market. For instance, according to Indian Brand Equity Foundation, India exported US$ 36.66 billion textile and apparel in 2017 and it is projected to export US$ 82 billion by 2021, which intensifies existing and growing market for polyester market.

By application, market is segmented into home furnishing, personal care & hygiene, automotive, construction, apparel, and filtration.  Home furnishing gained market significant market share in global staple fibers market in 2017. Staple fibers are extensively used in production of home furnishing or soft furnishing products such as cushions, curtains, furniture covers, etc. Increasing disposable income, per capita income and changing lifestyles positively effects on home furnishing expenditure which in turn boost demand for staple fiber.

Additionally, automotive segment is expected to drive the global staple fibers market during forecast period 2019 -2026. As staple fibres are frequently and majorly used for production of car interior parts, seat and seat belts, drive belts, car tire cords and also used as filter media for engine filters, fuel filtration, etc. For instance, according to report published by International Energy Agency in 2018, the global electric cars circulated in 2015 was 1.23 million units and this circulation was increased up to 3.11 million units of cars in 2017. This intensifies emerging electric vehicles market propel growth of the global staple fibers market.

Staple Fibers Market Segmentation

By Type

  • Cotton
  • Cellulosic
  • Polyester
  • Others

By Application                                                                      

  • Home furnishing
  • Personal care & hygiene
  • Automotive
  • Construction
  • Apparel
  • Filtration
  • Others

By Structure

  • Solid
  • Hollow

Regions Covered

  • North America
    • U.S.
    • Canada
    • Mexico
  • Europe
    • UK
    • Germany
    • France
    • Italy
    • Spain
    • Rest of Europe
  • Asia-Pacific
    • China
    • India
    • Japan
    • South Korea
    • Australia
    • Rest of Asia-Pacific
  • Latin America
    • Brazil
    • Argentina
    • Colombia
    • Rest of Latin America
  • MEA
    • Saudi Arabia
    • South Africa
    • Rest of MEA

MENAFN13012020007010339ID1099542327

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