Polyester Staple Fiber Market: Growing Application in Textile and Automotive Industry to Augur Well, TMR
The global polyester staple fiber market features a high degree of fragmentation between suppliers and has a presence of a number of buyers seeking competent suppliers, finds Transparency Market Research (TMR). Some of the major companies operating in the market are Far Eastern New Century, Reliance Industries Limited, Sinopec Limited, Toray Industries, Inc., and Alpek. The market is also characterized by long gestation period and substantial capital investments required upfront in setting up manufacturing plants. As a result, the polyester staple fiber market features a moderate threat of entry by new players. Several players are focusing on parameters such as the quality of finished products, aftersales support, and credit terms for buyers in order to gain a competitive edge over others. The degree of competition is anticipated to remain moderate throughout the forecast period (2016–2024), notes TMR. The global polyester staple fiber market was valued at US$23,40...