Development of polyester staple fiber industry: increased textile consumption promotes market growth

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Polyester can be completely recycled or made from recycled plastic. PTA, MEG, PET chips and recycled PET bottle flakes are the main raw materials used to produce polyester staple fibers. The polymer produced from the above-mentioned raw materials is melt-spun to allow rapid cooling. The filament bundles obtained by melt spinning technology are called tows, which are crimped and stretched first, and then cut into a fixed length. The cut fiber thus obtained is called polyester staple fiber.

It is also possible to produce polyester staple fiber without using raw oil stocks. All new polyester fabrics come from recycled plastics. For example, Repreve is a certified recycled fabric made from recycled plastic bottles. It is usually used in swimwear and sportswear. Manufacturers, such as Eco Intelligent Polyester, have been committed to recycling old polyester garments and plastic bottles to make new polyester.

As people are more and more aware of the impact of plastics on the environment, discarded PET bottles are increasingly used to make polyester staple fibers, and the average degradation time of plastics needs at least 450 years. A large number of non-governmental organizations and government-owned institutions as well as local residents are engaged in the recycling of PET bottles. The population growth and the improvement of living standards have further promoted the global market's demand for polyester staple fiber.

The main application areas of polyester staple fiber include automobiles, construction, furniture, clothing and filtration. It is expected that during the forecast period, increased investment in fabric manufacturing will bring huge growth opportunities for polyester staple fiber apparel applications. OEM is one of the main end users of polyester staple fiber in the automotive field.

The Asia-Pacific region is witnessing the vigorous development of the automobile manufacturing industry, of which China and India are the main growth drivers. Strong GDP growth rate, disposable income growth, and government support are the factors that promote automobile production in these countries. Strong demand in first-tier cities coupled with declining product prices.

Due to lower production costs, China dominates the Asian textile manufacturing industry. Although the industry is expected to shift its focus to Southeast Asia due to regulatory, rising land and labor costs, China is expected to maintain its dominant position in the Asia-Pacific textile industry during the forecast period. China has always been the world's largest producer and consumer of polyester staple fiber, and this trend is expected to continue during the forecast period. The country’s rapid urbanization is supported by strong economic growth. People in this country are migrating to higher-income cities.

Due to changes in lifestyles and an increase in disposable income, people are moving towards a higher standard of living. As large manufacturers try to manage their production costs, the integration of the entire value chain, including backward and forward integration, is expected to become a key element during the forecast period. Industry participants need to pay more attention to product development to be sensitive to demand growth.

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