Global Synthetic Fiber Market, By Product Type (Acrylic, Nylon, Polyester, Polyolefin, Acetate, Rayo

Published Date: | Report Code : MT1958309

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Synthetic Fiber Market Dynamic:

Synthetic fibers are man-made fibers usually generated from petrochemicals, possessing superior physical and chemical properties such as durability, elasticity, strength, etc. Compared to their natural counterpart, synthetic fibers are more resistant to stain and water compared to natural fibers such as cotton or silk.

Synthetic fibers play a vital role in everyday human life. In countless industrial, outdoor, indoor and commercial applications, synthetic fibers are used along with apparel. Some of the popular synthetic fibers include nylon, acrylic, polyester, carbon fiber, etc. On the other hand rayon, spandex, etc. are special synthetic fibers.

Global synthetic fiber market is growing with the increasing consumer interest towards home furnishings. Also, the automotive interior materials use synthetic fiber for manufacturing body cloth fabrics, velour, tweed, velvet and similar other useful fabrics. Additionally, rapid industrialization, low production cost, changing consumer preferences for textiles, and increasing disposable income are fueling the growth for global synthetic fiber market.

Key Factors Impacting Market Growth:

  • Lower cost and more features and characteristics as compared to the natural fibers

  • Increasing consumer interest in home furnishings

  • Rising demand for automotive interior materials

  • Emergence of greener synthetic fibers

  • Fluctuation in the prices and availability of raw materials

  • Strict environmental regulations

Regional Analysis:

By region, synthetic fiber market has been segmented in North America, Europe, Asia Pacific, Middle East, and Rest of the World. The North America and Western Europe regions are estimated to register a stable demand during the forecast period with market recovery from recent slowdowns. North America region includes US, Canada, and Mexico. US is estimated to dominate this market with a sizeable share followed by Canada, and Mexico. Industrial sector is a major contributor US and Canada economies overall. Hence, the supply of advanced materials in production activities is critical to the overall growth of industries in this region. Western Europe region is dominated by Germany, UK, France, Italy, and Spain. These countries also have a strong influence of the industrial sector resulting in sizeable demand for synthetic fiber market.

Asia Pacific is estimated to register highest CAGR by region during the forecast period. The presence of some of the high growth economies such as China and India is expected to propel the demand in this region. In addition, this region has witnessed strategic investments by major companies to increase their market presence. Middle East and Eastern Europe are estimated to be other key regions for synthetic fiber market with a strong market potential during the forecast period. Rest of the World consisting of South America and Africa are estimated to be emerging markets during the forecast period.

Companies Covered: BASF, W. Barnet GmbH & Co. KG, Toray Industries, Inc., The CHA Textiles Group, Eastman Chemical Company, Mitsubishi Rayon, Asahi KASEI, Radici Group, Jushi Group, Reliance Industries Limited, DowDuPont, Bombay Dyeing Inc., Lenzing AG, Toyobo Co. Ltd, Mitsubishi Chemical Holdings Corporation, Teijin Limited, Indorama Corporation, and China Petrochemical Corporation...

Market Segmentation:

By Product Type:

  • Acrylic

  • Nylon

  • Polyester

  • Polyolefin

  • Acetate

  • Rayon

  • Aramid

  • Others

By Application:

  • Apparels

  • Home Furnishing

  • Aerospace

  • Automotive

  • Medical

  • Others

By Region:

  • North America

    • By Country (US, Canada, Mexico)

    • By Product Type

    • By Application

  • Western Europe

    • By Country (Germany, UK, France, Italy, Spain, Rest of Western Europe)

    • By Product Type

    • By Application

  • Eastern Europe

    • By Country (Russia, Turkey, Rest of Eastern Europe)

    • By Product Type

    • By Application

  • Asia Pacific

    • By Country (China, Japan, India, South Korea, Australia, Rest of Asia Pacific)

    • By Product Type

    • By Application

  • Middle East

    • By Country (UAE, Saudi Arabia, Qatar, Iran, Rest of Middle East)

    • By Product Type

    • By Application

  • Rest of the World

    • By Region (South America, Africa)

    • By Product Type

    • By Application

Reasons To Buy This Report:

  • Market size estimation of the global synthetic fiber market on a regional and global basis

  • The unique research design for market size estimation and forecast

  • Profiling of major companies operating in the market with key developments

  • Broad scope to cover all the possible segments helping every stakeholder in the market

Customization:

We provide customization of the study to meet specific requirements:

  • By Segment

  • By Sub-segment

  • By Region/Country

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