Synthetic Fibers Industry Analysis, Competition landscape and Growth up to 2025
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<strong>Synthetic</strong> <strong>Fibers</strong> <strong>Industry</strong> <strong>Analysis</strong>, <strong>Competition</strong> <strong>l<strong>and</strong>scape</strong> <strong>and</strong><br />
<strong>Growth</strong> <strong>up</strong> <strong>to</strong> <strong>2025</strong><br />
“Fabrics <strong>and</strong> fibers play key role in day-<strong>to</strong>-day life. Fiber is a hair<br />
like str<strong>and</strong> of material, which can be woven in<strong>to</strong> a fabric.<br />
<strong>Synthetic</strong> fibers are usually semi-crystalline polymers, which are<br />
spun in<strong>to</strong> threads. The fibers are uniaxial concerned with the wet,<br />
melt, or dry spinning process that gives fiber strength <strong>and</strong> high<br />
tenacity.”<br />
Global <strong>Synthetic</strong> <strong>Fibers</strong> Market is expected <strong>to</strong> reach USD 88.5 billion by <strong>2025</strong>. Fabrics <strong>and</strong> fibers play key role in<br />
day-<strong>to</strong>-day life. Fiber is a hair like str<strong>and</strong> of material, which can be woven in<strong>to</strong> a fabric. <strong>Synthetic</strong> fibers are<br />
usually semi-crystalline polymers, which are spun in<strong>to</strong> threads. The fibers are uniaxial concerned with the wet,<br />
melt, or dry spinning process that gives fiber strength <strong>and</strong> high tenacity. These fibers are then transformed <strong>to</strong><br />
yarn by twisting numerous incessant fibers <strong>to</strong>gether <strong>to</strong> a uniform yarn with all str<strong>and</strong>s more or less united<br />
equivalent <strong>to</strong> the yarn axis. These fibers can be stronger than natural fibers.<br />
The changing lifestyle <strong>and</strong> improving fashion trend, high dem<strong>and</strong> for high strength <strong>and</strong> light weight material<br />
amongst populace, <strong>and</strong> enhancements in green synthetic fibers are documented as major fac<strong>to</strong>rs of synthetic<br />
fiber market that are estimated <strong>to</strong> enhance the growth in the years <strong>to</strong> come. However, strict ecological law<br />
associated with non-biodegradability of synthetic fiber may restrain overall market growth in the coming years.<br />
<strong>Synthetic</strong> fibers industry is segmented based on product types, applications, <strong>and</strong> region.<br />
Polyolefin, Polyester, Acrylics, Nylon, <strong>and</strong> other product types could be explored in <strong>Synthetic</strong> <strong>Fibers</strong> in the<br />
forecast period. Polyester sec<strong>to</strong>r accounted for the largest market share of <strong>Synthetic</strong> <strong>Fibers</strong> <strong>and</strong> is estimated <strong>to</strong><br />
continue its dominance in the coming years.<br />
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The market may be categorized based on applications like filtration, clothing, au<strong>to</strong>motive, home furnishing, <strong>and</strong><br />
others that could be explored in the forecast period. Clothing sec<strong>to</strong>r accounted for the largest market share of<br />
<strong>Synthetic</strong> <strong>Fibers</strong> <strong>and</strong> is estimated <strong>to</strong> lead the overall market in the coming years. Clothing sec<strong>to</strong>r comprises of<br />
work wear, menswear, children wear, <strong>and</strong> womenswear. The sec<strong>to</strong>r is at <strong>to</strong>p most position, due <strong>to</strong> changing<br />
lifestyle <strong>and</strong> growing urbanization, it is easy <strong>to</strong> maintain, convenient, <strong>and</strong> offers protection, <strong>and</strong> high dem<strong>and</strong><br />
from developing countries like India <strong>and</strong> China.<br />
Globally, Asia Pacific accounted for the largest market share of <strong>Synthetic</strong> <strong>Fibers</strong> <strong>and</strong> is estimated <strong>to</strong> lead the<br />
overall market in the coming years. The reason behind the overall market growth could be high dem<strong>and</strong> due <strong>to</strong><br />
presence of applications like au<strong>to</strong>motive <strong>and</strong> clothing <strong>and</strong> occurrence of key manufacturers in the region. The<br />
developing countries like India <strong>and</strong> China are the major consumers of <strong>Synthetic</strong> <strong>Fibers</strong> in the region.<br />
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Instead, Europe <strong>and</strong> North America are also estimated <strong>to</strong> have a positive influence on the future growth. North<br />
America is the second largest region with significant market share. The aspects that may be ascribed <strong>to</strong> the<br />
growth comprise fast development of home furnishing <strong>and</strong> au<strong>to</strong>motive industries. However, Europe is<br />
estimated <strong>to</strong> grow at fastest pace with the highest CAGR in the foremost period.<br />
The key players of <strong>Synthetic</strong> <strong>Fibers</strong> Market are China Petroleum Corporation, Toray Industries, Inc., Reliance<br />
Industries Limited, E. I. du Pont de Nemours <strong>and</strong> Company, Mitsubishi Chemical Holdings Corporation, Lenzing<br />
AG, <strong>and</strong> Indorama Corporation. These players are concentrating on inorganic growth <strong>to</strong> sustain themselves<br />
amongst fierce competition. As companies all over the world have <strong>to</strong> believe that alliance with a market would<br />
permit them proportional market existence <strong>and</strong> authority <strong>to</strong> declare the leadership position.<br />
Market Segment:<br />
<strong>Synthetic</strong> Fiber Type Outlook (Volume, Kilo Tons; Revenue, USD Million; 2014 - <strong>2025</strong>)<br />
• Polyester<br />
• Nylon<br />
• Acrylics<br />
• Polyolefin<br />
• Others
<strong>Synthetic</strong> Fiber Application Outlook (Volume, Kilo Tons; Revenue, USD Million; 2014 - <strong>2025</strong>)<br />
• Clothing<br />
• Home Furnishing<br />
• Au<strong>to</strong>motive<br />
• Filtration<br />
• Others<br />
<strong>Synthetic</strong> Fiber Regional Outlook (Volume, Kilo Tons; Revenue, USD Million; 2014 - <strong>2025</strong>)<br />
• North America<br />
• U.S.<br />
• Europe<br />
• Germany<br />
• UK<br />
• France<br />
• Asia Pacific<br />
• China<br />
• India<br />
• Taiwan<br />
• Central & South America<br />
• Brazil<br />
• Middle East & Africa
See More Reports of this Category by Million Insights @<br />
https://www.millioninsights.com/industry/clothing-<strong>and</strong>-textiles<br />
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