According to Data Bridge Market Research new Market report, global synthetic fiber market will account to an estimated USD 57.70 billion in 2018 growing at a CAGR of 6.15% during the forecast period of 2019 to 2026.
Access Full Report at https://databridgemarketresearch.com/reports/global-synthetic-fibers-market/
Global Synthetic Fibers Market:
Synthetic fibers are the exact opposite of natural fibers and are a form of man-made materials. These fibers are created with the process of chemical polymerization; this process helps in making the fibers have enhanced attributes and features, in comparison to the natural fibers present.
Global synthetic fibers market is segmented on the basis of product type, applications and geography.
By Product Type (Acrylic, Nylon, Polyester, Polyolefin, Acetate, Rayon, Aramid, Others), Applications (Apparels, Aerospace, Automotive, Medical, Filtration, Home Furnishing, Construction, Others) and Geography (North America, South America, Europe, Asia-Pacific, Middle East & Africa)
FACTORS DRIVING GROWTH IN SYNTHETIC FIBERS MARKET
Acquisition and expansion strategies adopted by major manufacturers
Key Market Competitors:
Few of the major competitors currently working in the synthetic fibers market are DowDuPont, Bombay Dyeing, Indorama Corporation, LENZING AG, Mitsubishi Chemical Holdings Corporation, Reliance Industries Limited, TEIJIN LIMITED, Toray Chemical Korea Inc., TOYOBO CO. LTD., China Petroleum & Chemical Corporation, Asahi Kasei Corporation, Eastman Chemical Company, Tongkun Group Co. Ltd., Kolon Industries Inc., KURARAY CO. LTD., Owens Corning, NAN YA PLASTICS CORPORATION, BASF SE, Akra Polyester and Radici Partecipazioni SpA.
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