Global Synthetic Fibers Market Growth 2023-2029

Global Synthetic Fibers Market Growth 2023-2029

Synthetic fibers are referred to man-made materials, which are produced with the help of chemicals having superior properties compared to natural fibers. Synthetic fibers are manufactured through polymerization of a variety of chemical substances. These fibers are more light-weight, stain-resistant, easy & convenient to dye, and durable. On the back of their favorable properties, synthetic fibers are widely employed for various applications in the fashion industry.

LPI (LP Information)' newest research report, the “Synthetic Fibers Industry Forecast” looks at past sales and reviews total world Synthetic Fibers sales in 2022, providing a comprehensive analysis by region and market sector of projected Synthetic Fibers sales for 2023 through 2029. With Synthetic Fibers sales broken down by region, market sector and sub-sector, this report provides a detailed analysis in US$ millions of the world Synthetic Fibers industry.

This Insight Report provides a comprehensive analysis of the global Synthetic Fibers landscape and highlights key trends related to product segmentation, company formation, revenue, and market share, latest development, and M&A activity. This report also analyzes the strategies of leading global companies with a focus on Synthetic Fibers portfolios and capabilities, market entry strategies, market positions, and geographic footprints, to better understand these firms' unique position in an accelerating global Synthetic Fibers market.

This Insight Report evaluates the key market trends, drivers, and affecting factors shaping the global outlook for Synthetic Fibers and breaks down the forecast by type, by application, geography, and market size to highlight emerging pockets of opportunity. With a transparent methodology based on hundreds of bottom-up qualitative and quantitative market inputs, this study forecast offers a highly nuanced view of the current state and future trajectory in the global Synthetic Fibers.

The global Synthetic Fibers market size is projected to grow from US$ 110640 million in 2022 to US$ 161360 million in 2029; it is expected to grow at a CAGR of 161360 from 2023 to 2029.

Consumers highly prefer characteristics such as durability, better stain resistance, softness, and elasticity in their fiber uses; and manufacturers’ ability to provide all such properties at lower costs is one of the key driving factors for the growth of the global synthetic fiber market. Furthermore, changing fashion trends are also expected to have perceptible effects on the global synthetic fiber market. The lower cost of synthetic fibers as compared to natural fibers also encourages their use among consumers. Furthermore, weak supply of natural fibers such as cotton is another factor, expected to drive the global synthetic fiber market over the forecast period.

This report presents a comprehensive overview, market shares, and growth opportunities of Synthetic Fibers market by product type, application, key manufacturers and key regions and countries.

Market Segmentation:

Segmentation by type
Acrylics
Polyester
Nylon
Polyolefin

Segmentation by application
Clothing
Home Furnishing
Automotive
Filtration

This report also splits the market by region:
Americas
United States
Canada
Mexico
Brazil
APAC
China
Japan
Korea
Southeast Asia
India
Australia
Europe
Germany
France
UK
Italy
Russia
Middle East & Africa
Egypt
South Africa
Israel
Turkey
GCC Countries

The below companies that are profiled have been selected based on inputs gathered from primary experts and analyzing the company's coverage, product portfolio, its market penetration.
Indorama Corporation
Toray Industries
DuPont
Mitsubishi Chemical Holdings Corporation
CNPC
Reliance Industries Limited
Toho Tenax

Key Questions Addressed in this Report

What is the 10-year outlook for the global Synthetic Fibers market?

What factors are driving Synthetic Fibers market growth, globally and by region?

Which technologies are poised for the fastest growth by market and region?

How do Synthetic Fibers market opportunities vary by end market size?

How does Synthetic Fibers break out type, application?

What are the influences of COVID-19 and Russia-Ukraine war?

Please note: The report will take approximately 2 business days to prepare and deliver.