The polyester staple fiber market is expected to grow at a healthy CAGR of 4.3% during the forecast period. Polyester Staple Fiber Market Size, Share, Trend, Forecast, Competitive Analysis, and Growth Opportunity: 2022-2027
With the sudden outbreak of the pandemic, the polyester staple fiber market debilitated. The majority of its end-use industries experienced supply chain disruption, cash flow constraints, and production facility shutdowns. As a result, the demand for polyester staple fiber plummeted. However, the rising demand for the product from the textile and home furnishing industries is expected to drive the market recovery and growth in the coming years. In addition, the awareness regarding recycled polyester staple fiber is increasing due to growing environmental concerns.
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