Synthetic Fibers Market Will Generate Record Revenue by 2031

Synthetic Fibers Market is estimated to have significant CAGR of during the forecast period. Synthetic fiber is engineered and developed as an alternative to natural fibers. Owing to its various properties such as improve tance and thermal stability, high toughness and rigidity, outstanding resistance to weather, aging, and yellowing, and high gloss. synthetic caters to its use in major applications such as automotive, textiles, home furnishing, filtration, and many more consumer applications. Therefore, the increasing application of synthetic fibers in these industries further contributes to the growth of the market. However, the environmental concerns related to the biodegradability of synthetic fiber further projected to hinder the market growth during the forecast period. 

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Synthetic Fibers Market Segmentation

By Type

·        Acrylics

·        Polyolefin

·        Polyester

·        Nylon

·        Other (Acetate) 

By Application

·        Automotive

·        Textiles

·        Home Furnishing

·        Filtration  

·        Other (Medical)

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Regional Analysis           

North America 

·        United States

·        Canada                     

Europe

·        UK

·        Germany

·        Spain

·        France

·        Italy

·        Rest of Europe

Asia-Pacific

·                  India

·                  China

·                  Japan              

·                  South Korea

·                  Rest of APAC

Rest of the World

•       Latin America

•       Middle East and Africa 

Company Profiles

·        Asahi Kasei Corp.

·        Bombay Dyeing & Manufacturing Co Ltd.

·        BASF SE

·        China Petrochemical Corp. (Sinopec)

·        DuPont de Nemours, Inc.

·        Eastman Chemical Co.

·        Indorama Corp.

·        Koninklijke DSM N.V.,

·        Lenzing AG

·        Mitsubishi Chemical Corp.

·        NV Bekaert SA

·        Propex Operating Company, LLC

·        Reliance Industries Ltd.

·        Radici Partecipazioni SpA

·        Sika AG

·        SGL Carbon

·        Teijin Group

·        Toray Industries, Inc.

·        Toyobo Co., Ltd.

·        W. Barnet GmbH & Co. KG

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