The global flame retardant polyester staple fiber market size was worth around USD 529.47 million in 2023 and is predicted to grow to around USD 709.16 million by 2032 with a compound annual growth rate (CAGR) of roughly 3.30% between 2024 and 2032.
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Market Overview for Flame Retardant Polyester Staple Fibres
PTA and MEG or PET fragments from recycled bottles are employed to produce flame retardant polyester staple fibres. By incorporating compounds into the co-polymerization process, the flame retardant property is introduced into the polyester staple fibre during production. They are extensively employed in a variety of products, including apparel, special garments, sofas, and cushions. They possess a self-extinguishing property that prevents the flame from expanding, as they do not emit toxic vapours.
The study encompasses the drivers and restraints of the flame retardant polyester staple fibre market, as well as the influence they have on demand during the forecast period. Furthermore, the report includes an examination of the flame retardant polyester staple fibre market’s opportunities and various trends on a global and regional scale.
Growth Drivers of the Flame Retardant Polyester Staple Fibre Market
The global flame retardant polyester staple fibre market is anticipated to experience substantial development due to the expansion of the textile industry worldwide. Additionally, the global home furnishing industry has experienced substantial expansion. The home furnishings industry has experienced development as a result of the expanding e-commerce sector and the millennial population. They are extensively employed in a variety of applications, including cushions, sofas, curtains, and bed coverings. Due to their exceptional durability and rapid drying capabilities, they have experienced substantial growth in popularity.
Additionally, the flame retardant polyester staple fibre market is anticipated to continue to expand due to the demand from emerging economies, including China and India. It is anticipated that the global flame retardant polyester staple fibre market will offer significant growth opportunities to the key participants due to government initiatives that promote domestic manufacturing, including tax incentives and low labour costs. Nevertheless, the global flame retardant polyester staple fibres market is anticipated to experience a slight decline in growth due to a lack of awareness regarding the advantages of flame retardant fibres.
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The Global Flame Retardant Polyester Staple Fiber Market is segmented based on product, application and region
Global Flame Retardant Polyester Staple Fiber Market: Product Segment Analysis
● Inherent Flame Retardant Polyester Staple Fiber
● Treated Flame Retardant Polyester Staple Fiber
Global Flame Retardant Polyester Staple Fiber Market: Application Segment Analysis
● Home Textiles
● Public Utility
● Clothing
● Others
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The Global Flame Retardant Polyester Staple Fiber market profiles key players such as:
● Reliance
● Teijin
● Toray
● JR Corporation
● Yizheng Chemical Fiber
● Kairui Flame Retardant Technology
● Trevira
● Huvis
● Toyobo
● Unifi
● SSFC
● Hangzhou Hanbang Chemical Fiber
Regional Analysis of the Flame Retardant Polyester Staple Fibre Market
The market is divided into five geographic segments: North America, Europe, Asia Pacific, Latin America, and the Middle East and Africa. The global flame retardant polyester staple fibre market was dominated by the Asia Pacific region. In 2023, Japan was responsible for approximately 20% of the global production. China is also experiencing significant growth, with India following suit. Moreover, the end-user industries in the region generate the high demand for polyester staple fibre, and China and India account for a significant portion of the global population. In 2023, Europe was the second largest producer of flame retardant polyester staple fibres.
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