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Synthetic Fabrics Market - Growth, Trends And Forecast (2022 - 2027) By Types, By Application, By Regions and By Key Players: Far Eastern New Century, Deyongjia Textile, Yongtong, Texhong Textile

08 Jan, 2020 | 118 Pages
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Registering a CAGR of 2.6% over the forecast period, the market value of Synthetic Fabrics is expected to reach US$ 18800 million in the year 2027.



Synthetic Fabrics Market Overview



Synthetic fabrics are man-made textiles that are easy to maintain, durable, cost-effective, elastic, stain resistant, and readily available among other qualities. They have high strength, low or no shrinkage capability, quick drying quality, low moisture absorption features, and other properties. Many chemicals employed in developing synthetic fabrics include sodium hydroxide and carbon disulfide, which are normally derived from coal, oil, or natural gas. Synthetic fabrics have a wide range of applications including apparels, construction, automotive, and others.The synthetic fabric market is probable to be driven by its high demand in fashion & apparel industry and high progress rate of construction and automotive industries, especially in emerging economies,. However, environmental concerns and threat from natural substitutes may restrain the market progress during the forecast period. Also, R&D activities on conductive textiles and nanotechnology in textiles are expected to provide potential growth opportunities.The polyester product segment led the synthetic fibers market accounting for more than 48% share of the global revenue in 2020.The rise in demand for polyester fabrics in clothing, home furnishing, and industrial applications is expected to add growth to the overall market. High usage of industrial polyester fibers in the form of yarns and ropes that are used in car tire reinforcements, safety belts, conveyor belts, and others is likely to support the segment growth.



Industry News and Updates:



Toray Develops Qticle™, a smooth and Supple New Fabric



November 29, 2021 – Toray Industries, Inc. announced today the development of QticleTM, a polyester filament fabric with the structure of hair and wool, as well as a smooth and supple texture and functionality.



What are the major Applications, Types, and Regions for the Synthetic Fabrics Market?



The market is segmented based on the type, applications, companies, and regions.



By Type, it is segmented into




  • Polyester Type

  • Nylon Type

  • Acrylic Type

  • Rayon Type

  • Spandex Type

  • Others



By Application, it is segmented into




  • Apparel

  • Home Textile

  • Industrial Use

  • Others



Synthetic Fabrics Market Regional Analysis



China and India are expected to be major suppliers and consumers of synthetic fibres globally. Taiwan and the United States are expected to hold significant shares of global production capacity. Western European consumption is expected to be lower than in other developing regions of the world. Over the forecast period, growth in the Middle East and Africa is expected to remain higher than the global average.




  • North America


    • US

    • Canada



  • Europe

    • Germany

    • France

    • UK

    • Italy

    • Spain

    • Rest of Europe



  • Asia-Pacific

    • China

    • Japan

    • India

    • Australia

    • South Korea

    • Rest of Asia-Pacific



  • Rest of the World

    • Middle East & Africa

    • Latin America





The Synthetic Fabrics Market describes the factors driving the global growth opportunities in upcoming years and highlights market channels. In addition, the report analyzes market size and share, trends, by geographic region, end-use type, and segment. It focuses extensively on revealing a detailed regional analysis. The Global Synthetic Fabrics Market report also conducted a PESTEL analysis of the industry to study the main influencing factors and entry barriers of the industry.



What is our Synthetic Fabrics Market report scope?























































Report Attributes



Report Details



Forecast Period 2022 to 2027 CAGR



CAGR of 2.6% over the forecast period (2022-2027)



By Type




  • Polyester Type

  • Nylon Type

  • Acrylic Type

  • Rayon Type

  • Spandex Type

  • Others



By Application




  • Apparel

  • Home Textile

  • Industrial Use

  • Others



By Companies



Far Eastern New Century, Deyongjia Textile, Yongtong, Texhong Textile, Reliance Industries, Toray, ShangTex, Formosa Taffeta, Luthai Textile, Weiqiao Textile, Jinsuo Textile, Hyosung, Shahlon, Chinatex, ECLAT, Ruby Mills, Chori, Hongfa, Georg+Otto Friedri



Regions Covered




  • North America

  • Europe

  • Asia-Pacific

  • Rest of the World



Countries Covered




  • US

  • Canada

  • Germany

  • France

  • UK

  • Italy

  • Spain

  • Rest of Europe

  • China

  • Japan

  • India

  • Australia

  • South Korea

  • Rest of Asia-Pacific

  • Middle East & Africa

  • Latin America



Base Year



2022



Historical Year



2017 to 2021



Forecast Year



2022 to 2027



Number of Pages



118



Customization Available



Yes, the report can be customized as per your needs




 



 



 



 



 



 



 



 



 



 



 



 



 



 



 



 



 



 



 



 



 



 



 



 



 



 



 



 



 



 



 



 



 



 



 



 



 



 



Key Takeaways from this Synthetic Fabrics Report




  • Evaluate Synthetic Fabrics market potential through analyzing growth rates (CAGR %), Volume (Units), and Value ($M) data given at the country level - for product types, end-use applications, and different industries verticals.

  • Understand the different dynamics influencing the market - growth driving factors, specific challenges, and hidden opportunities.

  • Get in-depth insights on your competitor’s performance – revenue, shares, business strategies, financial benchmarking, product benchmarking, SWOT analysis, and more.

  • Analyze the sales and distribution channels across geographies to enhance top-line revenues.

  • Understand the demanding supply chain with a deep dive on the value augmentation at each, in order to optimize value and bring efficiencies to your processes.

  • Get a quick outlook on the Synthetic Fabrics market entropy – M&As, deals, partnerships, and product launches of all key players for the past 5 years.

  • Evaluate the import-export statistics, supply-demand, and competitive landscape for more than the top 20 countries globally for the market.



Frequently Asked Questions



What is the study period of this market?



The Synthetic Fabrics Market is studied from 2017 - 2027.



What is the growth rate of the Synthetic Fabrics Market?



The Synthetic Fabrics Market is growing at a CAGR of 2.6% over the next 5 years.



Who are the key players in Synthetic Fabrics Market?



Far Eastern New Century, Deyongjia Textile, Yongtong, Texhong Textile, Reliance Industries, Toray, ShangTex, Formosa Taffeta, Luthai Textile, Weiqiao Textile, Jinsuo Textile, Hyosung, Shahlon, Chinatex, ECLAT, Ruby Mills, Chori, Hongfa, Georg+Otto Friedri



What regions does this Synthetic Fabrics Market report cover?



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)



What are the significant types of Synthetic Fabrics Market?



Polyester Type, Nylon Type, Acrylic Type, Rayon Type, Spandex Type, Others



What are the major end-use applications of Synthetic Fabrics Market?



Apparel, Home Textile, Industrial Use, Others



All our reports are custom made to your company’s needs to a certain extent, we do provide 5 free consulting hours along with the purchase of each report, and this will allow you to request any additional data to customize the report to your needs.


  1. INTRODUCTION

    1. MARKET DEFINITION

    2. MARKET DYNAMICS

    3. MARKET SEGMENTATION

    4. REPORT TIMELINES

    5. KEY STAKEHOLDERS



  2. RESEARCH METHODOLOGY

    1. DATA MINING

      1. SECONDARY RESEARCH

      2. PRIMARY RESEARCH

      3. SUBJECT MATTER EXPERT ADVICE



    2. QUALITY CHECK

    3. FINAL REVIEW

      1. DATA TRIANGULATION

      2. BOTTOM-UP APPROACH

      3. TOP-DOWN APPROACH



    4. RESEARCH FLOW



  3. EXECUTIVE SUMMARY

    1. INTRODUCTION

    2. GLOBAL SYNTHETIC FABRICS MARKET BY APPLICATION

    3. GLOBAL SYNTHETIC FABRICS MARKET BY TYPES



  4. MARKET DYNAMICS

    1. DRIVERS

    2. INCREASING DEMAND FOR SYNTHETIC FABRICS RESTRAINTS

      1. STRINGENT ENVIRONMENTAL REGULATIONS

      2. HIGH COST OF RAW MATERIAL



    3. OPPORTUNITIES

      1. SYNTHETIC FABRICS GROWTH

      2. APPLICATION OF SYNTHETIC FABRICS



    4. IMPACT OF COVID 19



  5. GLOBAL SYNTHETIC FABRICS MARKET, BY TYPES

    1. INTRODUCTION

    2. POLYESTER TYPE

    3. NYLON TYPE

    4. ACRYLIC TYPE

    5. RAYON TYPE

    6. SPANDEX TYPE

    7. OTHERS



  6. GLOBAL SYNTHETIC FABRICS MARKET, BY APPLICATION

    1. INTRODUCTION

    2. APPAREL

    3. HOME TEXTILE

    4. INDUSTRIAL USE

    5. OTHERS APPLICATION



  7. GLOBAL SYNTHETIC FABRICS MARKET, BY REGION

    1. NORTH AMERICA

      1. US

      2. CANADA

      3. MEXICO



    2. EUROPE

      1. GERMANY

      2. FRANCE

      3. UK

      4. ITALY

      5. RUSSIA

      6. REST OF EUROPE



    3. APAC

      1. CHINA

      2. SOUTH KOREA

      3. JAPAN

      4. INDIA

      5. AUSTRALIA

      6. ASIAN

      7. REST OF APAC



    4. MIDDLE EAST & AFRICA

      1. SAUDI ARABIA

      2. UAE

      3. SOUTH AFRICA

      4. TURKEY

      5. REST OF MEA



    5. SOUTH AMERICA

      1. BRAZIL

      2. REST OF MEA

      3. ARGENTINA

      4. REST OF SOUTH AMERICA





  8. COMPETITIVE LANDSCAPE

    1. MERGERS, ACQUISITIONS, JOINT VENTURES, COLLABORATIONS,

    2. AND AGREEMENTS

      1. KEY DEVELOPMENT



    3. MARKET SHARE (%) **/RANKING ANALYSIS

    4. STRATEGIES ADOPTED BY LEADING PLAYERS



  9. COMPANY PROFILES

    1. BUSINESS OVERVIEW

    2. COMPANY SNAPSHOT

    3. PRODUCT BENCHMARKING

    4. STRATEGIC INITIATIVES

      1. FAR EASTERN NEW CENTURY

      2. DEYONGJIA TEXTILE

      3. YONGTONG

      4. TEXHONG TEXTILE

      5. RELIANCE INDUSTRIES

      6. TORAY

      7. SHANGTEX

      8. FORMOSA TAFFETA

      9. LUTHAI TEXTILE

      10. WEIQIAO TEXTILE

      11. JINSUO TEXTILE

      12. HYOSUNG

      13. SHAHLON

      14. CHINATEX

      15. ECLAT

      16. RUBY MILLS

      17. CHORI

      18. HONGFA

      19. GEORG+OTTO FRIEDRICH





SECONDARY RESEARCH
Secondary Research Information is collected from a number of publicly available as well as paid databases. Public sources involve publications by different associations and governments, annual reports and statements of companies, white papers and research publications by recognized industry experts and renowned academia etc. Paid data sources include third party authentic industry databases.

PRIMARY RESEARCH
Once data collection is done through secondary research, primary interviews are conducted with different stakeholders across the value chain like manufacturers, distributors, ingredient/input suppliers, end customers and other key opinion leaders of the industry. Primary research is used both to validate the data points obtained from secondary research and to fill in the data gaps after secondary research.

MARKET ENGINEERING
The market engineering phase involves analyzing the data collected, market breakdown and forecasting. Macroeconomic indicators and bottom-up and top-down approaches are used to arrive at a complete set of data points that give way to valuable qualitative and quantitative insights. Each data point is verified by the process of data triangulation to validate the numbers and arrive at close estimates.

EXPERT VALIDATION
The market engineered data is verified and validated by a number of experts, both in-house and external.

REPORT WRITING/ PRESENTATION
After the data is curated by the mentioned highly sophisticated process, the analysts begin to write the report. Garnering insights from data and forecasts, insights are drawn to visualize the entire ecosystem in a single report.

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