China Synthetic Fiber Market Opportunities: Exploring Emerging Trends and Markets

According to a report by Allied Market Research, the China synthetic fiber market was valued at $17.0 billion in 2019 and is projected to reach $26.5 billion by 2027, growing at a CAGR of 6.0% from 2020 to 2027. The report provides comprehensive insights into the market's top investment opportunities, winning strategies, growth drivers, challenges, market size, competitive landscape, and evolving trends.

𝐃𝐨𝐰𝐧𝐥𝐨𝐚𝐝 𝐒𝐚𝐦𝐩𝐥𝐞 𝐏𝐚𝐠𝐞𝐬 𝐨𝐟 𝐑𝐞𝐬𝐞𝐚𝐫𝐜𝐡 𝐎𝐯𝐞𝐫𝐯𝐢𝐞𝐰: https://www.alliedmarketresearch.com/request-sample/11373

Key growth factors for the China synthetic fiber market include the increased use of synthetic fibers in the building and construction sector and the expansion of the automotive industry. However, environmental pollution associated with synthetic fibers poses a challenge to market growth. Conversely, the expanding apparel sector is expected to create significant opportunities in the future.

Market Segmentation

The China synthetic fiber market is segmented by fiber type and application:

By Fiber Type:

- The polymer non-woven segment accounted for over 40% of the market share in 2019 and is expected to maintain its leading position by 2027.

- The mineral wool segment is projected to experience the fastest growth, with a CAGR of 8.0% from 2020 to 2027.

By Application:

The building and construction segment contributed over 40% of the market revenue in 2019 and is expected to continue its dominance through 2027, growing at the highest CAGR of 7.2% during the forecast period.

Key Market Players

The report features an analysis of leading players in the China synthetic fiber market, including:

- China Jushi Co. Ltd.
- Foshan Rayson Non-Woven Co. Ltd.
- Hebei Yuniu Fiberglass Manufacturing Co. Ltd.
- Owens Corning
- Rockwool China
- Shuhai Huali Advanced Material Co. Ltd.
- Jia He Taizhou Glass Fiber Co. Ltd.
- Changzhou Tianma Group Co. Ltd.
- Luyang Energy-Saving Materials Co. Ltd.
- Toray Fibers (Nantong) Co. Ltd.

These companies have adopted various strategies such as partnerships, expansions, collaborations, and joint ventures to strengthen their market position.

𝐈𝐧𝐭𝐞𝐫𝐞𝐬𝐭𝐞𝐝 𝐢𝐧 𝐏𝐫𝐨𝐜𝐮𝐫𝐢𝐧𝐠 𝐓𝐡𝐢𝐬 𝐑𝐞𝐩𝐨𝐫𝐭? 𝐕𝐢𝐬𝐢𝐭 𝐇𝐞𝐫𝐞: https://www.alliedmarketresearch.com/china-synthetic-fiber-market/purchase-options

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About Us

Allied Market Research (AMR) is a full-service market research and business-consulting wing of Allied Analytics LLP based in Portland, Oregon. Allied Market Research provides global enterprises as well as medium and small businesses with unmatched quality of "Market Research Reports" and "Business Intelligence Solutions." AMR has a targeted view to provide business insights and consulting to assist its clients to make strategic business decisions and achieve sustainable growth in their respective market domain.

Pawan Kumar, the CEO of Allied Market Research, is leading the organization toward providing high-quality data and insights. We are in professional corporate relations with various companies and this helps us in digging out market data that helps us generate accurate research data tables and confirms utmost accuracy in our market forecasting. Each and every data presented in the reports published by us is extracted through primary interviews with top officials from leading companies of domain concerned. Our secondary data procurement methodology includes deep online and offline research and discussion with knowledgeable professionals and analysts in the industry.

This release was published on openPR.