Global Synthetic fibers Market are estimated to have significant CAGR of XX% during the forecast period. Synthetic fiber is engineered and developed as an alternative to natural fibers. Owing to its various properties such as improve tance and thermal stability, high toughness and rigidity, outstanding resistance to weather, aging, and yellowing, and high gloss. synthetic caters to its use in major applications such as automotive, textiles, home furnishing, filtration, and many more consumer applications. Therefore, the increasing application of synthetic fibers in these industries further contributes to the growth of the market. However, the environmental concerns related to the biodegradability of synthetic fiber further projected to hinder the market growth during the forecast period.
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The global synthetic fibers market is segregated on the basis of type and application. On the basis or type, the market is further segmented into acrylics, polyolefin, polyester, nylon and other (Acetate). The polyester segment is projected to have considerable growth owing to the growth in the textile industry coupled with the growing middle-income population in emerging countries such as India China and others. the global synthetic fibers market is further segmented into automotive, textiles, home furnishing, filtration, and other. The textile industry has a significant application of synthetic fibers due to the growing use of synthetic fiber in children’s wear, menswear, workwear, and womenswear.
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Market Segmentation
Global Synthetic Fibers Market by Type
- Acrylics
- Polyolefin
- Polyester
- Nylon
- Other (Acetate)
Global Synthetic Fibers Market by Application
- Automotive
- Textiles
- Home Furnishing
- Filtration
- Other (Medical)
Regional Analysis
North America
- United States
- Canada
Europe
- UK
- Germany
- Italy
- Spain
- France
- Rest of Europe
Asia-Pacific
- China
- India
- Japan
- Rest of Asia-Pacific
Rest of the World
Company Profiles
- Asahi Kasei Corp.
- Bombay Dyeing & Manufacturing Co Ltd.
- BASF SE
- China Petrochemical Corp. (Sinopec)
- DuPont de Nemours, Inc.
- Eastman Chemical Co.
- Indorama Corp.
- Koninklijke DSM N.V.,
- Lenzing AG
- Mitsubishi Chemical Corp.
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