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Global Synthetic Fibers Market Growth Factors, Applications, Regional Analysis, Key Players And Forecasts By 2032 | Bombay Dyeing, E. I. du Pont de Nemours and Company, Indorama Corporation, Lenzing AG, Mitsubishi Chemical Holdings Corporation
Global Synthetic Fibers Market
As per the Synthetic Fibers market report by The Business Research Company, Synthetic fiber is used in a broad range of applications, including the textile industry and home furnishings, owing to its physical and chemical properties such as high durability and stain-resistant characteristics. Polyester is one major fiber used in tires, belts, and 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.
The global synthetic fibers market size will grow from $161.11 billion in 2022 to $174.16 billion in 2023 at a compound annual growth rate (CAGR) of 8.1%. The Russia-Ukraine war disrupted the chances of global economic recovery from the COVID-19 pandemic, at least in the short term. The war between these two countries has led to economic sanctions on multiple countries, a surge in commodity prices, and supply chain disruptions, causing inflation across goods and services and affecting many markets across the globe. The global synthetic fibers market size is expected to grow from $231.33 billion in 2027 at a CAGR of 7.4%.
Read More On The Synthetic Fibers Market Report Here:
https://www.thebusinessresearchcompany.com/report/synthetic-fibers-global-market-report
Major competitors in the Synthetic Fibers market include 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 Synthetic Fibers market is segmented -
• By Type: Polyester, Nylon, Acrylics, Polyolefin, Other Types
• By Application: Clothing, Home Furnishing, Automotive, Filtration, Other Applications
• By Distribution Channel: Online, Offline. Asia-Pacific was the largest region in the synthetic fibers market in 2022
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Synthetic fibers are man-made textiles that are usually made from chemical synthesis materials, such as rayon and acetate from cellulose, or regenerated protein synthetic fibers from zein or casein, as well as fully synthetic fibers.
The types of synthetic fibers are polyester, nylon, acrylics, polyolefin, and other types. Polyester is a group of polymers that consist basically of repeated units of an ester and are used mainly in making fibers or plastics.
The Table Of Content For The Synthetic Fibers Market Include:
1. Executive Summary
2. Synthetic Fibers Market Characteristics
3. Synthetic Fibers Market Trends And Strategies
4. Synthetic Fibers Market - Macro Economic Scenario
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
The "Global Synthetic Fibers Market Report 2023" from The Business Research Company is a comprehensive report that covers every facet of a market covering over 60 geographies and over 2500 market segments. The regional and country breakdowns section analyzes the market in each geography and the market size by region and country. Furthermore, it assesses the market's historical and projected growth and identifies significant trends and strategies that companies can leverage for business expansion.
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