Synthetic Fibers Market Outlook Research Report, Trends, Growth and Scope By Forecast 2024 - 2032 | Aditya Birla Group,BASF SE ,DuPont

Global Synthetic Fibers Market Size, Status, and forecast for the 2025-2032. The research provides accurate economic, global, and country-level predictions and analyses. It provides a comprehensive perspective of the competitive market as well as an in-depth supply chain analysis to assist businesses in identifying major changes in industry practices. The market report also examines the current state of the Synthetic Fibers Market industry, as well as predicted future growth, technological advancements, investment prospects, market economics, and financial data. Additionally, the report includes upstream and downstream analyses of key players, as well as global certainties and assurances. The report evaluates dynamic aspects such as forecast market information, Porter's Five Forces Analysis, sales estimates, wide product portfolio, market scenarios, and possibility studies.

The Synthetic Fibers Market Size was valued at USD 70.6 billion in 2024 and is expected to reach USD 117.8 billion by 2032 and grow at a CAGR of 5.10% over the forecast period 2025-2032.

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Major Players in Synthetic Fibers Markets are:

Aditya Birla Group,BASF SE ,DuPont ,Eastman Chemical Company ,Huntsman Corporation ,Lenzing AG ,Mitsubishi Chemical Corporation ,Reliance Industries Limited,SABIC,Solvay S.A. ,Toray Industries, Inc.,Teijin Limited ,Tencate Advanced Composites ,W. L. Gore & Associates, Inc. ,Hyosung Corporation ,Asahi Kasei Corporation ,Clariant AG ,Chisso Corporation ,Kraton Corporation

Industry News:

August 2024: Shinkong Synthetic Fibers invested in an Ambercycle facility worth $10m, aiming to create even more sustainable production of fibers with the help of advanced recycling technologies and responding to the demand for greener products.

November 2023: KSG, a Turkish company, announced plans to establish a $500 million factory producing synthetic fibers in Egypt to take the development of local textile industries to a new level and offer more jobs while enhancing the export potential of the country.

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Global Synthetic Fibers Market Segmentation:

Synthetic Fibers Type
Polyolefin Fibers
Polyester Fibers
Carbon Fibers
Aramid Fibers
UHMWPE Fibers
Acrylic Fibers
Nylon Fibers
Others

Synthetic Fibers Application
Clothing
Home Furnishing
Automotive
Aerospace & Defense
Filtration
Others

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The following areas and countries are covered in the worldwide Synthetic Fibers Market file:

North America (US, Canada, Mexico)
Europe (Germany, France, UK, Russia, Italy)
Asia Pacific (China, Japan, South Korea, India, Southeast Asia)
South America (Brazil, Argentina, Colombia, etc.)
Middle East and Africa (Saudi Arabia, UAE), Egypt, Nigeria, and South Korea)

Asia-Pacific dominated the market and accounted for over 70.7% share of global revenue in 2023, owing to the high production of polyester, nylon, acrylics, and others from the countries such as China, South Korea, Taiwan, India, and Japan. The presence of a high population and consumption of clothing and home-furnishing products in the region is further expected to add to the market growth.

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