Materials & Chemicals / Synthetic Fibers Market Global Growth, Trends And Forecast (2022 - 2027) By Types, By Application, By Regions And By Key Players- DowDuPont, Bombay Dyeing, Indorama Corporation, LENZING AG, Mitsubishi Chemical Holdings Corporation
Synthetic Fibers Market Global Growth, Trends and Forecast (2022 - 2027) By Types, By Application, By Regions and By Key Players- DowDuPont, Bombay Dyeing, Indorama Corporation, LENZING AG, Mitsubishi Chemical Holdings Corporation
Acknowledging the kind of traction gained by this market, recently published a study report by industry data analytics asserts the Global Synthetic Fibers Market size is projected to accrue voluminously by 2027 registering a phenomenal CAGR of 6.9% during the review period (2022 to 2027).
Global Synthetic Fibers Market Overview
Synthetic fibers are secured from polymers and are also called as man-made fibers. They exhibit vital features for instance strength, elasticity, lightweight, washability, softness, cost efficient and specific topographies as wrinkle confrontation, crease recovery, moisture resistance and high lustre. Due to these factors, the fibers are approved in many implementations for instance clothing, home furnishing, motorized, filtration, construction, toys, different types of ropes and net manufacturing as it conveys vital and significant features including heat and moisture resistance. Due to technological provision in the manufacture techniques and larger physical, chemical and mechanical properties, synthetic fibers are not only well permitted for their use in general textile but also play essential role in key end user industries as health care, aerospace, food packaging, water cleansing, microchip technology, automotive, air filters and others. Furthermore, endurance, cost efficient and low upkeep are the factors expected to have a positive influence on the growth on the synthetic fibers market over the forecast period.
Who are the Prime Players in Global Synthetic Fibers Market?
The Global Synthetic Fibers Market includes identification and analysis of the various market participants competing in the global market. Prime competitors include DowDuPont, Bombay Dyeing, Indorama Corporation, LENZING AG, Mitsubishi Chemical Holdings Corporation, Reliance Industries Limited, TEIJIN LIMITED, Toray Chemical Korea Inc., TOYOBO CO. LTD., China Petroleum & Chemical Corporation, Asahi Kasei Corporation, Eastman Chemical Company, Tongkun Group Co. Ltd., Kolon Industries Inc., KURARAY CO. LTD., Owens Corning, NAN YA PLASTICS CORPORATION, BASF SE, Akra Polyester
Industry News and Updates:
April 27, 2022: Lenzing launches Tree Climate fabric collection for sustainable outdoor apparel
Tree Climate fabric collection redefines sustainability in functional outdoor fabrics with moisture management, optimum breathability, and reduced carbon footprint
Environmental impact of TENCEL™ branded fibers used in the collection is amongst the lowest of all materials on the Higg Materials Sustainability Index
May 31, 2022: AKM to launch low-latency solution with Active Road Noise Cancellation (ARNC) technology for automotive with Silentium
AKM has entered into a license agreement with Silentium for Quiet Bubble™ (QB™) Active Road Noise Cancellation (ARNC).
What are the major Applications, Types and Regions for Global Synthetic Fibers Market?
Market is segmented based on the type, applications, companies and regions.
By Types, it is segmented into
Polyester,
Nylon,
Acrylics,
Polyolefin
Others
By Application, it is segmented into
Clothing
Home Furnishing
Automotive
Filtration
Others
Global Synthetic Fibers Market Regional Analysis
Asia-Pacific dominates the synthetic fibers market due to the presence of a large number of manufacturers in the region which is estimated to boost the synthetic fibers market growth. China, India and South Korea are expected to show large amount of growth because of the increase in the disposable income, lifestyle changes of the people and growing customer choices towards the use of synthetic fibers for several implementations and these are the factors estimated to drive the synthetic fibers market growth in the region.
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 Global Synthetic Fibers 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 Fibers 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 Global Synthetic Fibers Market scope?
Report Attributes
Report Details
Forecast Period 2022 to 2028 CAGR
CAGR of 6.9% during the review period (2022 to 2027).
Yes, the report can be customized as per your needs
Growth Drive –
Polyester is predictable to account for the all-out revenue share by 2027 on account of the high product penetration in various application industries as it is long-lasting and durable, thus supernumerary for many natural fibers, such as cotton
The nylon creation segment is projected to register the fastest CAGR over the forecast period
This is owing to the extensive product use for clothing, strengthening materials in vehicles, and vaccinated molded parts for vehicles and motorized equipment
The clothing application segment led the market, in terms of revenue as well as volume, in 2020, on account of changing consumer fashion trends and demand for cost-effective & easy-to-maintain clothes across various geographies
Frequently Asked Question
What is the study period of this market?
The Global Synthetic Fibers Market is studied from 2022-2027.
Who are the prime players in the Global Synthetic Fibers Market?
DowDuPont, Bombay Dyeing, Indorama Corporation, LENZING AG, Mitsubishi Chemical Holdings Corporation, Reliance Industries Limited, TEIJIN LIMITED, Toray Chemical Korea Inc
Which region held the largest share in the Global Synthetic Fibers Market?
United States, Europe, China, Japan, Southeast Asia, India and Rest of World
What are the significant Types of Global Synthetic Fibers Market?
Polyester, Nylon, Acrylics, Polyolefin, Others
What are the major Application of Global Synthetic Fibers Market?
Clothing, Home Furnishing, Automotive, Filtration, Others
INTRODUCTION
MARKET DEFINATION
MARKET DYNAMICS
MARKET SEGMENTATION
REPORT TIMLINES
KEY STAKEHOLDERS
RESEARCH METHODOLOGY
DATA MINING
SECONDARY RESEARCH
PRIMARY RESEARCH
SUBJECT MATTER EXPERT ADVICE
QUALITY CHECK
FINAL REVIEW
DATA TRIANGULATION
BOTTOM-UP APPROACH
TOP-DOWN APPROACH
RESEARCH FLOW
EXECUTIVE SUMMARY
INTRODUCTION
GLOBAL SYNTHETIC FIBERS MARKET BY TYPE
GLOBAL SYNTHETIC FIBERS MARKETBY APPLICTAION
GLOBAL SYNTHETIC FIBERS MARKETDYNAMICS
DRIVERS
INCREASING LENSMETER MARKET
RESTRAINTS
STRINGENT ENVIRONMENTAL REGUALTIONS
HIGH COST ON MATERIALS
OPPORTUNITIES
LENSMETER MARKETGROWTH
APPLICATION OF SYNTHETIC FIBERS MARKETIMPACT OF COVID-19
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.
