Synthetic Fibers Market 2022-31 : Industry Analysis, Size, Share, Growth And Forecast

The global synthetic fibers market report by the business research company used in a broad range of applications including the textile industry and home furnishings to be a major growth driver for the synthetic fibers market. Polyester is one major fiber used in tires, belts, hoses whereas nylon is used for the preparation of carpets. According to a report, by 2030 it is expected that the consumption of polyester will be approximately three times that of cotton fiber. Thus, the increased usage of synthetic fibers in end-user industries is expected to drive the synthetic fibers market.

The global synthetic fibers market size is expected to grow from $148.1 billion in 2021 to $160.65 billion in 2022 at a compound annual growth rate (CAGR) of 8.5%. The global synthetic fibers market size is expected to grow to $217.18 billion in 2026 at a CAGR of 7.8%.

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Asia Pacific was the largest region in the synthetic fibers market in 2021. Western Europe was the second-largest region in the synthetic fibers market. The regions covered in the global synthetic fibers market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, and Africa.

Major players in the synthetic fibers market are Bombay Dyeing, E. I. du Pont de Nemours and Company, Indorama Corporation, Lenzing AG, Mitsubishi Chemical Holdings Corporation, Reliance Industries Limited, China Petroleum Corporation (Sinopec Corp.), Teijin Limited, Toray Chemical Korea Inc, and Toyobo Co, Ltd.

The global synthetic fibers market is segmented -
1) By Type: Polyester, Nylon, Acrylics, Polyolefin, Other Types
2) By Application: Clothing, Home Furnishing, Automotive, Filtration, Other Applications
3) By Distribution Channel: Online, Offline

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The Synthetic Fibers Market Report Contents Include
1. Executive Summary
2. Synthetic Fibers Market Characteristics
3. Synthetic Fibers Market Trends And Strategies
4. Impact Of COVID-19 On Synthetic Fibers
5. Synthetic Fibers Market Size And Growth
....
26. Africa Synthetic Fibers Market
27. Synthetic Fibers Market Competitive Landscape And Company Profiles
28. Key Mergers And Acquisitions In The Synthetic Fibers Market
29. Synthetic Fibers Market Future Outlook and Potential Analysis
30. Appendix

This report covers the trends and market dynamics of the Synthetic Fibers market in major countries - Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, UK, and USA. The report also includes consumer surveys and various future opportunities for the market.

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