Polyester can be completely recycled and can also be made from recycled plastics. PTA, MEG, PET chips, and flakes of recycled PET bottles are among the major raw materials utilized to produce polyester staple fiber. The polymer manufactured from the aforementioned raw materials is melt spun in order to rapidly cool it down. The bundle of filaments obtained from melt spinning technique is called tow, which is subjected to processes such as crimping and drawing, and then cut into fixed lengths. The cut fibers thus obtained are called polyester staple fiber.
PSF can also be manufactured without the use of virgin petroleum stocks. Large varieties of new polyester fabrics are derived from recycled plastics; for instance, Repreve, which is a certified recycled fabric, is manufactured from recycled plastic bottles. It is generally used in swimwear as well as sportswear. Producers, such as Eco Intelligent Polyester, are consistently engaged in recycling old polyester clothing as well as plastic bottles to create new polyesters.
Discarded PET bottles are increasingly used in manufacturing polyester staple fiber, led by rising awareness regarding the environmental impacts of plastic, which takes an average of at least 450 years to degrade. A large number of non-governmental as well as government-owned bodies along with local residents are engaged in collecting PET bottles for recycling purpose. Growing population and rising standards of living are further propelling the demand for polyester staple fiber in the global market.
Major application areas of polyester staple fiber include automotive, construction, home furnishing, apparel, and filtration. Increasing investments in fabric manufacturing are expected to open up immense growth opportunities for PSF in apparel application over the forecast period. OEMs are among the major end users of PSF in automotive sector.
Asia Pacific is observing a boom in automotive manufacturing industry with China and India being the leading growth drivers. Strong GDP growth rate, growth in disposable income, and government support are factors driving automotive production in these countries. Stronger demand is observed from lower-tier cities coupled with declining product prices.
China dominates the Asian textile manufacturing industry owing to cheaper production costs. Although the industry is expected to shift its focus toward Southeast Asia, owing to rising regulatory, land, and labor costs, China is anticipated to maintain its dominance over the Asia Pacific textile industry over the forecast period. China has been the largest producer and consumer of polyester staple fiber in the world and the trend is expected to continue over the forecast period. Rapid urbanization in the country is supported by strong economic growth. People in the country are migrating to urban cities with higher earnings.
There is a shift toward higher standard of living owing to changing lifestyles and increasing disposable income. As large manufacturers are trying to manage their production costs, integration across the value chain, including backward and forward integration, is expected to become a crucial element over the forecast period. Industry players need to enhance their focus on product development in order to sensitize demand growth.
In-depth report on global polyester staple fiber (PSF) market by Grand View Research:
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