June 13, 2022 07:58 ET | Source: Research and Markets Research and Markets

Dublin, June 13, 2022 (GLOBE NEWSWIRE) -- The "Polyester Staple Fiber Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2022-2027" report has been added to ResearchAndMarkets.com's offering. The global polyester staple fiber market reached a value of US$ 22 Billion in 2021. Looking forward, the publisher expects the market to reach US$ 29 Billion by 2027, exhibiting a CAGR of 4.95% during 2022-2027. Keeping in mind the uncertainties of COVID-19, we are continuously tracking and evaluating the direct as well as the indirect influence of the pandemic on different end use industries. These insights are included in the report as a major market contributor. Polyester staple fiber (PSF) is made via polymerization of purified terephthalic acid (PTA) and mono ethylene glycol (MEG) or recycled polyethylene terephthalate (PET) bottle flakes. It is lightweight, resistant to light and available in a wide range of colors with different cut lengths. As it can withstand extreme climatic conditions and has remarkable resilience, PSF is widely used for spinning yarns, which are then knitted or weaved into non-woven fabrics. It is also utilized as a poly fiberfill in premium pillows, cushions, quilts, sofa, soft toys, jackets, and mattresses across the globe. Significant growth in the real estate sector is positively influencing the need for luxury furniture. This represents one of the major factors propelling the market growth. It is further supported by the thriving construction industry wherein PSF is used in concrete to fill up cracks and enhance the overall quality of walls, tanks, tiles, blocks, and maintenance hole covers.