Global Synthetic Fibers Market Trends, Applications, Analysis, Growth, and Forecast: 2018 to 2027

MarketResearch.biz delivers in-depth insights on the global synthetic fibers market in its upcoming report titled, “Global Synthetic Fibers Market Trends, Applications, Analysis, Growth, and Forecast: 2018 to 2027”. The global synthetic fibers market is estimated to register a CAGR of X.X% in terms of value during forecast period 2018–2027. The report offers in-depth insights, revenue details, and other vital information regarding the target market, and the various trends, drivers, restraints, opportunities, and threats till 2027. The report offers insightful and detailed information regarding the various key players operating in the market, their financials, supply chain trends, technological innovations, key developments, apart from future strategies, acquisitions & mergers, and market footprint. The global synthetic fibers market report has been segmented on the basis of type, application and region.

Synthetic fiber is a man-made textile fiber manufactured from chemical substances unlike other fibers derived from natural substances such as cellulose or protein. Synthetic fiber has an attractive appearance and have similar natural substances as silk. Synthetic fibers are lightweight, smooth, and wrinkle resistant. They are derived from petroleum or coal. Depending on the type of fiber, these chemicals are combined with alcohols or acids and heated and then extruded.

Increasing consumers interest towards home furnishing is expected to boost the market growth over the forecast period. In home furnishing, synthetic fibers are used to manufacture blankets, upholstery, bed linen, wall coverings, carpets, and other products. Growth of real estate sector is expected to boost the home furniture sector. High presence of retail stores providing home furnishing material is expected to propel the market growth over the forecast period.

Clothing is expected to account the major share of the market in terms of revenue and is anticipated to maintain its dominance over the forecast period. Growing demand for clothing that is convenient, easy to maintain and offer protection due to busy lifestyle in urban areas is expected to drive the market growth.

Polyester is expected to be the fastest growing type segment owing to increasing demand for synthetic fiber in clothing application. The Asia Pacific is expected to be the leading manufacturer and consumer of polyester.

The Asia Pacific is expected to account the major share of the market and is estimated to maintain its dominance over the forecast period. Presence of a large number of manufacturers in the region is expected to fuel the market growth. Changing consumer preferences in countries such as China, India, and South Korea. Increasing disposable income, changing the lifestyle of the people, and increasing consumer preferences towards use of synthetic fiber for various applications are expected to boost the market growth over the forecast period in the region. Growing automotive, home furniture, and clothing industry in the region is expected to be the major factor driving the growth of synthetic fiber over the forecast period.

Market segmentation and key players operating in the global synthetic fibers market:

By type:

• Polyester
• Acrylic
• Nylon
• Others (Polyolefin, rayon, modacrylic, and olefin)

By application:

• Home furnishing
• Clothing
• Automotive
• Others (Industrial use, filtration)

By region:

• North America
• Europe
• Asia Pacific
• Latin America
• Middle East & Africa

• I. du Pont de Nemours and Company
• Mitsubishi Chemical Holdings Corporation
• Bombay Dyeing
• Reliance Industries Limited
• Barnet GmbH & Co. KG
• Toray Industries, Inc.
• Eastman Chemical Company
• Lenzing AG
• RadiciGroup
• China Petroleum Corporation (Sinopec Corp.)