Global Synthetic Fibers Market 2022 research report offers qualitative and quantitative insights in relation to industry growth rate, market segmentation, Synthetic Fibers market size, demand and revenue. The current Synthetic Fibers market trends that are expected to influence the future prospects of the industry are analyzed in the report. The report further investigates and assesses the current landscape of the ever-evolving business sector and the present and future effects of COVID-19 on the market.
The global synthetic fibers market is expected to grow from $108.94 billion in 2020 to $129.87 billion in 2021 at a compound annual growth rate (CAGR) of 19.2%.
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The report presents the market competitive landscape and a corresponding detailed analysis of the major vendor/key players in the market. Top Companies in the Global Synthetic Fibers Market: Bombay Dyeing; E. I. du Pont de Nemours and Company; Indorama Corporation; Lenzing AG; Mitsubishi Chemical Holdings Corporation; Reliance Industries Limited; China Petroleum Corporation (Sinopec Corp.); Teijin Limited; Toray Chemical Korea, Inc.; Toyobo Co., Ltd.; DuPont; Dow Inc.; Toho Tenax and others.
Markets Covered: 1) By Type: Polyester; Nylon; Acrylics; Polyolefin; Others 2) By Application: Clothing; Home Furnishing; Automotive; Filtration; Others 3) By Distribution Channel: Online; Offline Countries: Brazil, China, France, Germany, India, Indonesia, Japan, South Korea, Russia, UK, USA and Australia Regions: Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa Time series: Five years historic and forecast. Data: Ratios of market size and growth to related markets, GDP proportions, per capita expenditure. Data segmentations: country and regional historic and forecast data, market share of competitors, market segments. Sourcing and Referencing: Data and analysis throughout the report is sourced using end notes.
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The growth is mainly due to the companies rearranging their operations and recovering from the COVID-19 impact, which had earlier led to restrictive containment measures involving social distancing, remote working, and the closure of commercial activities that resulted in operational challenges. The market is expected to reach $134.07 billion in 2025 at a CAGR of 1%. The synthetic fibers market consists of sales of synthetic fibers. Fibers are man-made textile synthetic fibers which are usually made from natural materials, such as rayon and acetate from cellulose, or regenerated protein synthetic fibers from zein or casein, as well as fully synthetic synthetic fibers such as nylon or acrylic synthetic fibers. Synthetic fiber is used in a broad range of applications including textile industry and home furnishings owing to its physical and chemical properties such as high durability, and stain-resistant characteristics. Polyester is one major fiber used in tires, belts, hoses whereas nylon is used for preparation of carpets. According to a report, by 2030 it is expected that consumption of polyester will be approximately three times to that of the cotton fibre. Thus, the increased usage of synthetic fibers in end-user industries is expected to drive the synthetic fibres market.
Regional Analysis For Synthetic Fibers Market:
North America (The United States, Canada, and Mexico) Europe (Germany, France, UK, Russia, and Italy) Asia-Pacific (China, Japan, Korea, India, and Southeast Asia) South America (Brazil, Argentina, Colombia, etc.) The Middle East and Africa (Saudi Arabia, UAE, Egypt, Nigeria, and South Africa)
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Important Features that are under Offering and Key Highlights of the Reports:
– Changing market dynamics of the industry
– In-depth market segmentation by Type, Application etc.
– Historical, current and projected market size in terms of volume and value
– Recent industry trends and developments
– Strategies of key players and product offerings
– Potential and niche segments/regions exhibiting promising growth
The research includes historic data from 2015 to 2021 and forecasts until 2030 which makes the report an invaluable resource for industry executives, marketing, sales, and product managers, consultants, analysts, and stakeholders looking for key industry data in readily accessible documents with clearly presented tables and graphs.
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