Synthetic Fiber Trends and Forecast
The future of the global synthetic fiber market looks promising with opportunities in the clothing, home furnishing, automotive, and filtration markets. The global synthetic fiber market is expected to reach an estimated $93.8 billion by 2030 with a CAGR of 5.1% from 2024 to 2030. The major drivers for this market are growing consumer demand for cost-effective and durable materials and increasing technological developments in manufacturing techniques.
A more than 150-page report is developed to help in your business decisions. Sample figures with some insights are shown below.
Synthetic Fiber by Segment
The study includes a forecast for the global synthetic fiber by type, application, and region.
Synthetic Fiber Market by Type [Shipment Analysis by Value from 2018 to 2030]:
• Polyester
• Nylon
• Acrylics
• Polyolefin
• Others
Synthetic Fiber Market by Application [Shipment Analysis by Value from 2018 to 2030]:
• Clothing
• Home Furnishing
• Automotive
• Filtration
• Others
Synthetic Fiber Market by Region [Shipment Analysis by Value from 2018 to 2030]:
• North America
• Europe
• Asia Pacific
• The Rest of the World
List of Synthetic Fiber Companies
Companies in the market compete on the basis of product quality offered. Major players in this market focus on expanding their manufacturing facilities, R&D investments, infrastructural development, and leverage integration opportunities across the value chain. With these strategies synthetic fiber companies cater increasing demand, ensure competitive effectiveness, develop innovative products & technologies, reduce production costs, and expand their customer base. Some of the synthetic fiber companies profiled in this report include-
• Bombay Dyeing
• Indorama
• Lenzing
• Mitsubishi Chemical
• Reliance Industries
• China Petroleum
• Teijin
Synthetic Fiber Market Insights
Lucintel forecasts that polyester will remain the largest segment over the forecast period due to its chemical and abrasion resistance properties.
Within this market, clothing will remain the largest segment due to changing fashion trends and growing in demand for convenient, protective, and cost-effective clothing.
APAC will remain the largest region over the forecast period due to huge production of polyester, nylon, and acrylics in the region.
Features of the Global Synthetic Fiber Market
Market Size Estimates: Synthetic fiber market size estimation in terms of value ($B).
Trend and Forecast Analysis: Market trends (2018 to 2023) and forecast (2024 to 2030) by various segments and regions.
Segmentation Analysis: Synthetic fiber market size by type, application, and region in terms of value ($B).
Regional Analysis: Synthetic fiber market breakdown by North America, Europe, Asia Pacific, and Rest of the World.
Growth Opportunities: Analysis of growth opportunities in different types, applications, and regions for the synthetic fiber market.
Strategic Analysis: This includes M&A, new product development, and competitive landscape of the synthetic fiber market.
Analysis of competitive intensity of the industry based on Porter’s Five Forces model.
FAQ
Q1. What is the synthetic fiber market size?
Answer: The global synthetic fiber market is expected to reach an estimated $93.8 billion by 2030.
Q2. What is the growth forecast for synthetic fiber market?
Answer: The global synthetic fiber market is expected to grow with a CAGR of 5.1% from 2024 to 2030.
Q3. What are the major drivers influencing the growth of the synthetic fiber market?
Answer: The major drivers for this market are growing consumer demand for cost-effective and durable materials and increasing technological developments in manufacturing techniques.
Q4. What are the major segments for synthetic fiber market?
Answer: The future of the synthetic fiber market looks promising with opportunities in the clothing, home furnishing, automotive, and filtration markets.
Q5. Who are the key synthetic fiber market companies?
Answer: Some of the key synthetic fiber companies are as follows:
• Bombay Dyeing
• Indorama
• Lenzing
• Mitsubishi Chemical
• Reliance Industries
• China Petroleum
• Teijin
Q6. Which synthetic fiber market segment will be the largest in future?
Answer: Lucintel forecasts that polyester will remain the largest segment over the forecast period due to its chemical and abrasion resistance properties.
Q7. In synthetic fiber market, which region is expected to be the largest in next 5 years?
Answer: APAC will remain the largest region over the forecast period due to huge production of polyester, nylon, and acrylics in the region.
Q8. Do we receive customization in this report?
Answer: Yes, Lucintel provides 10% customization without any additional cost.
This report answers following 11 key questions:
Q.1. What are some of the most promising, high-growth opportunities for the synthetic fiber market by type (polyester, nylon, acrylics, polyolefin, and others), application (clothing, home furnishing, automotive, filtration, and others), and region (North America, Europe, Asia Pacific, and the Rest of the World)?
Q.2. Which segments will grow at a faster pace and why?
Q.3. Which region will grow at a faster pace and why?
Q.4. What are the key factors affecting market dynamics? What are the key challenges and business risks in this market?
Q.5. What are the business risks and competitive threats in this market?
Q.6. What are the emerging trends in this market and the reasons behind them?
Q.7. What are some of the changing demands of customers in the market?
Q.8. What are the new developments in the market? Which companies are leading these developments?
Q.9. Who are the major players in this market? What strategic initiatives are key players pursuing for business growth?
Q.10. What are some of the competing products in this market and how big of a threat do they pose for loss of market share by material or product substitution?
Q.11. What M&A activity has occurred in the last 5 years and what has its impact been on the industry?
For any questions related to Synthetic Fiber Market, Synthetic Fiber Market Size, Synthetic Fiber Market Growth, Synthetic Fiber Market Analysis, Synthetic Fiber Market Report, Synthetic Fiber Market Share, Synthetic Fiber Market Trends, Synthetic Fiber Market Forecast, Synthetic Fiber Companies, write Lucintel analyst at email: helpdesk@lucintel.com. We will be glad to get back to you soon.