Global Synthetic Fibers Market – Industry Trends and Forecast to 2028

  • Chemical and Materials
  • Upcoming Report
  • Feb 2021
  • Global
  • 350 Pages
  • No of Tables: 60
  • No of Figures: 220

Global Synthetic Fibers Market, By Type (Polyester, Nylon, Acrylics, Polyolefin and Others), Application (Clothing, Home Furnishing, Filtration, Automotive and Others), Country (U.S., Canada, Mexico, Brazil, Argentina, Rest of South America, Germany, France, Italy, U.K., Belgium, Spain, Russia, Turkey, Netherlands, Switzerland, Rest of Europe, Japan, China, India, South Korea, Australia, Singapore, Malaysia, Thailand, Indonesia, Philippines, Rest of Asia-Pacific, U.A.E, Saudi Arabia, Egypt, South Africa, Israel, Rest of Middle East and Africa) Industry Trends and Forecast to 2028

Synthetic Fibers Market Market Analysis and Insights : Global Synthetic Fibers Market

The synthetic fibers market will expect to grow at a rate of 4.10% for the forecast period of 2021 to 2028. The synthetic fibers market report analyses the growth which is currently being growing due to the increasing consumer preference for environment-conscious brands.

Synthetic fibers are secured from polymers and are also called as man-made fibers. They exhibit essential features for instance strength, elasticity, lightweight, washability, softness, cost efficient and specific features as wrinkle resistance, crease recovery, moisture resistance and high lustre. Due to these factors, the fibers are approved in many implementations for instance clothing, home furnishing, automotive, filtration, construction, toys, different types of ropes and net manufacturing as it conveys essential and important features including heat and moisture resistance. Due to technological support in the production techniques and superior physical, chemical and mechanical properties, synthetic fibers are not only well approved for their use in general textile but also play essential role in key end user industries as healthcare, aerospace, food packaging, water purification, electronics, automotive, air filters and others. Furthermore, endurance, cost efficient and low maintenance are the factors expected to have a positive influence on the growth on the synthetic fibers market over the forecast period. Moreover, increasing of industrialization, changing customer designs for textiles and growing disposable income are some of the factors proposed to drive the growth of the synthetic fibers market. The increasing expenditure capability of customers against collecting attractive clothes is also anticipated to escalate the need for various types of synthetic fibers. These factors overall are estimated to heighten the demand of the synthetic fibers market over the forecast period.

The increasing of customer interest in home furnishings is promoting the growth in the business sector. The production need of these fibers to manufacture bed linen, blankets, upholstery, wall coverings, soft home furnishings, carpets and similar other products and the rise in the real estate segment are boosting the rise in home furnishings along with the advanced existence of retail stores promoting the home furnishings are another important reason accelerating the growth of the synthetic fibers market over the forecast period.

The consumers mainly adopt properties such as durability, better stain resistance, softness and elasticity in their fiber uses and manufacturers’ ability to provide all such properties at lower prices is one of the factors anticipated for the growth of the synthetic fibers market in the above-mentioned forecast period. Furthermore, evolving fashion trends are also estimated to have considerable effects on the synthetic fibers market. The lower prices of synthetic fibers as compared to natural fibers also promote their use amongst consumers. Additionally, feeble supply of natural fibers for instance cotton is one of another factors anticipated to positively influence the synthetic fibers market over the forecast period. Environmental factors as non-biodegradability of synthetic fibers is estimated to act as noticeable challenge to manufacturers around the world. Other than this, synthetic fibers act as a low melting point and burn faster in comparison to natural fibers. Such environmental and safety issues are few of the key hindering factors which might act as a restrain to the growth of the synthetic fibers market. Manufacturers across the globe are concentrated on research and developments to enhance several technologies and procedures to bring better technical and safety features to their products. Specific focus has been given to absorb adequate changes in synthetic fibers with little or non-hazardous impact on the environment which challenge the synthetic fibers market.

This synthetic fibers market report provides details of new recent developments, trade regulations, import export analysis, production analysis, value chain optimization, market share, impact of domestic and localized market players, analyses opportunities in terms of emerging revenue pockets, changes in market regulations, strategic market growth analysis, market size, category market growths, application niches and dominance, product approvals, product launches, geographical expansions, technological innovations in the market. To gain more info on synthetic fibers market contact Data Bridge Market Research for an Analyst Brief, our team will help you take an informed market decision to achieve market growth.

Synthetic Fibers Market Scope and Market Size

The synthetic fibers market is segmented on the basis of type and application. The growth amongst the different segments helps you in attaining the knowledge related to the different growth factors expected to be prevalent throughout the market and formulate different strategies to help identify core application areas and the difference in your target markets.

  • On the basis of type, the synthetic fibers marketis segmented into acrylics, nylon, polyester, polyolefin and others.
  • Based on application, the synthetic fibers market is segmented into clothing, home furnishing, filtration, automotive and others.

Global Synthetic Fibers Market Country Level Analysis

Global synthetic fibers market is analysed and market size, volume information is provided by the country, type and application as referenced above.

The countries covered in the synthetic fibers market report are the U.S., Canada and Mexico in North America, Germany, France, U.K., Netherlands, Switzerland, Belgium, Russia, Italy, Spain, Turkey, Rest of Europe in Europe, China, Japan, India, South Korea, Singapore, Malaysia, Australia, Thailand, Indonesia, Philippines, Rest of Asia-Pacific (APAC) in the Asia-Pacific (APAC), Saudi Arabia, U.A.E, Israel, Egypt, South Africa, Rest of Middle East and Africa (MEA) as a part of Middle East and Africa (MEA), Brazil, Argentina and Rest of South America as part of South America.

Asia-Pacific dominates the synthetic fibers market due to the presence of a large number of manufacturers in the region which is estimated to boost the synthetic fibers market growth. China, India and South Korea are expected to show large amount of growth because of the increase in the disposable income, lifestyle changes of the people and growing customer choices towards the use of synthetic fibers for several implementations and these are the factors estimated to drive the synthetic fibers market growth in the region.

The country section of the report also provides individual market impacting factors and changes in regulation in the market domestically that impacts the current and future trends of the market. Data points such as consumption volumes, production sites and volumes, import export analysis, price trend analysis, cost of raw materials, down-stream and upstream value chain analysis are some of the major pointers used to forecast the market scenario for individual countries. Also, presence and availability of global brands and their challenges faced due to large or scarce competition from local and domestic brands, impact of domestic tariffs and trade routes are considered while providing forecast analysis of the country data.

Competitive Landscape and Synthetic Fibers Market Share Analysis

The synthetic fibers market competitive landscape provides details by competitor. Details included are company overview, company financials, revenue generated, market potential, investment in research and development, new market initiatives, global presence, production sites and facilities, production capacities, company strengths and weaknesses, product launch, product width and breadth, application dominance. The above data points provided are only related to the companies’ focus related to synthetic fibers market.

The major players covered in the synthetic fibers market report 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 among other domestic and global players. Market share data is available for global, North America, Europe, Asia-Pacific (APAC), Middle East and Africa (MEA) and South America separately. DBMR analysts understand competitive strengths and provide competitive analysis for each competitor separately.

Customization Available : Global Synthetic Fibers Market

Data Bridge Market Research is a leader in consulting and advanced formative research. We take pride in servicing our existing and new customers with data and analysis that match and suits their goal. The report can be customised to include production cost analysis, trade route analysis, price trend analysis of target brands understanding the market for additional countries (ask for the list of countries), import export and grey area results data, literature review, consumer analysis and product base analysis. Market analysis of target competitors can be analysed from technology-based analysis to market portfolio strategies. We can add as many competitors that you require data about in the format and data style you are looking for. Our team of analysts can also provide you data in crude raw excel files pivot tables (Factbook) or can assist you in creating presentations from the data sets available in the report.


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