Top Synthetic Fibers Companies

The global synthetic fibers market is experiencing a rising adoption of advanced technologies and approaches, including the development of hybrid composites that combine synthetic and natural fibers. Market participants are actively seeking to enhance their sales by investing in partnerships and agreements with brand owners, e-commerce facilitators, and retailers, thereby contributing to the overall growth of the market. The market landscape is characterized by a fragmented nature, with numerous companies involved in product manufacturing. This fragmentation is attributed to the presence of extensive manufacturing and distribution facilities, catering to a large consumer base worldwide, which adds significant growth opportunities to the market.

Top Player’s Company Profiles

• Bombay Dyeing (India)

• E. I. du Pont de Nemours and Company (US)

• Indorama Corporation (Thailand)

• Lenzing AG (Austria)

• Mitsubishi Chemical Holdings Corporation (Japan)

• Reliance Industries Limited (India)

• China Petroleum Corporation (Sinopec Corp.) (China)

• Teijin Limited (Japan)

• Toray Chemical Korea, Inc. (South Korea)

• Toyobo Co., Ltd. (Japan)

• Asahi Kasei Corporation (Japan)

• Invista (US)

• Hyosung Corporation (South Korea)

• Formosa Plastics Corporation (Taiwan)

• Kolon Industries, Inc. (South Korea)

• Far Eastern New Century Corporation (Taiwan)

• Sinopec Yizheng Chemical Fibre Company Limited (China)

• Nan Ya Plastics Corporation (Taiwan)

• Huvis Corporation (South Korea)

• Tongkun Group Co., Ltd. (China)

Recent Development

• In January 2024, as part of its growing company-wide sustainability goals, McDonald’s announced its investment in new sustainable team uniforms. The new crew uniforms will be made with CiClo technology, which allows synthetic materials like polyester to biodegrade at similar rates to natural fibers, like wool. 
• In January 2024, Lenzing, the Tencel lyocell manufacturer, unveiled a new process that allows the wood-based fiber to create fabrics with stretch and recovery properties. The fossil-free process involves re-engineering woven fabric composed of Tencel fiber and a fabric pre-treatment, while maintaining its closed-loop production and traceability. 
• In December 2023, researchers made an advancement in textile technology, drawing inspiration from the structure of polar bear fur. The team, led by Mingrui Wu, developed a novel aerogel fiber characterized by its exceptional thermal and mechanical properties.