Synthetic Fiber Market

Synthetic Fiber Market Size, Share, Growth Analysis, By Type(Polyester, Nylon, Acrylics, Polyolefin), By Application(Clothing, Home Furnishing, Automotive, Filtration), By Regional(North America, Asia Pacific, Latin America) - Industry Forecast 2024-2031


Report ID: UCMIG15E2167 | Region: Global | Published Date: Upcoming |
Pages: 165 | Tables: 55 | Figures: 60

Synthetic Fiber Market Insights

Market Overview:

According to reports, the synthetic fiber market size worldwide was valued at USD 62.93 billion in 2021, and it is projected to grow at a CAGR of 5.1% from 2022 to 2030. The growth of this market is expected to be driven by its extensive usage in different sectors such as the automotive, clothing, home furnishing, and filtration industries. However, due to the COVID-19 pandemic, the market experienced a decline in both volume and revenue as a result of supply chain disruptions and production facility closures caused by the implementation of strict lockdown measures.

Synthetic Fiber Market, Forecast & Y-O-Y Growth Rate, 2020 - 2028
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This report is being written to illustrate the market opportunity by region and by segments, indicating opportunity areas for the vendors to tap upon. To estimate the opportunity, it was very important to understand the current market scenario and the way it will grow in future.

Production and consumption patterns are being carefully compared to forecast the market. Other factors considered to forecast the market are the growth of the adjacent market, revenue growth of the key market vendors, scenario-based analysis, and market segment growth.

The market size was determined by estimating the market through a top-down and bottom-up approach, which was further validated with industry interviews. Considering the nature of the market we derived the Specialty Chemicals by segment aggregation, the contribution of the Specialty Chemicals in Diversified Materials and vendor share.

To determine the growth of the market factors such as drivers, trends, restraints, and opportunities were identified, and the impact of these factors was analyzed to determine the market growth. To understand the market growth in detail, we have analyzed the year-on-year growth of the market. Also, historic growth rates were compared to determine growth patterns.

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FAQs

The market for Synthetic Fiber was estimated to be valued at US$ XX Mn in 2021.

The Synthetic Fiber Market is estimated to grow at a CAGR of XX% by 2028.

The Synthetic Fiber Market is segmented on the basis of Type, Application, Regional.

Based on region, the Synthetic Fiber Market is segmented into North America, Europe, Asia Pacific, Middle East & Africa and Latin America.

The key players operating in the Synthetic Fiber Market are Bombay Dyeing, Indorama Corporation, Mitsubishi Chemical Holdings Corporation, Reliance Industries Limited, Lenzing AG, China Petroleum Corporation (Sinopec Corp.), Teijin Limited, Toray Industries, Inc., TOYOBO CO., LTD., DuPont.

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Synthetic Fiber Market

Report ID: UCMIG15E2167

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