China Synthetic Fiber Market Outlook, Advancements in Applications and Manufacturing Processes

An increase in the use of synthetic fibers in the building & construction sector and a surge in the presence of key automotive players are driving the growth of the China synthetic fiber market, according to a report published by Allied Market Research.

The 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 offers a comprehensive analysis of market trends, key investment opportunities, competitive landscape, and growth strategies.

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Key Market Drivers and Opportunities

- Rising demand from the building & construction industry: Synthetic fibers are increasingly used in construction for insulation, reinforcement, and other applications, fueling market growth.

- Expansion of the automotive industry: Synthetic fibers are widely applied in vehicle interiors, mats, airbags, and seat covers, boosting demand.

- Growth of the apparel sector: This sector is expected to open new avenues for synthetic fiber applications in the coming years.

Environmental concerns: However, pollution associated with the production and disposal of synthetic fibers poses a challenge to market expansion.

Market Segmentation Highlights

By Fiber Type:

- Polymer Non-Woven Segment:

- Held over 40% market share in 2019

- Expected to maintain dominance through 2027

Mineral Wool Segment:

- Projected to grow at the fastest CAGR of 8.0% from 2020 to 2027

By Application:

- Building & Construction Segment:

- Accounted for over 40% of market revenue in 2019

- Expected to retain leadership and register the fastest CAGR of 7.2% through 2027

Key Players in the China Synthetic Fiber Market:

- 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 are focusing on strategic initiatives such as partnerships, expansions, joint ventures, and collaborations to strengthen their market position and meet the rising demand for synthetic fibers in China.

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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.

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