Global Synthetic Fibres Market Size, Share, Industry Growth, Analysis, Price, Outlook, Report and Forecast 2023-2028

ByIan Bell

Synthetic Fibres Market Outlook

The global synthetic fibers market share, as reported by Expert Market Research (EMR), is poised to witness significant growth in the coming years. The market is projected to grow at a steady CAGR between 2023 and 2028. Several key factors are contributing to this growth, including the rising demand for synthetic fibers in various industries, technological advancements, and their diverse applications across multiple sectors.

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Synthetic fibers are man-made fibers produced from petrochemicals or other raw materials. They have gained prominence in the textile and apparel industry, as well as in various other sectors due to their versatile characteristics and cost-effectiveness.

The booming global urbanization and the ensuing shift in lifestyle patterns have been instrumental in driving the demand for synthetic fibers. With an increasing population and the need for functional textiles, synthetic fibers have found applications in various areas such as fashion, sports, automotive, and healthcare.

Additionally, the textile and apparel industry’s shift towards sustainable and eco-friendly practices has led to the development of bio-based synthetic fibers, further boosting market growth.

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Synthetic Fibres Market Segmentation

The global synthetic fibers market can be segmented based on several criteria:

Market Breakup by Type

  1. Polyester Fibers: Polyester is one of the most widely used synthetic fibers, known for its durability, wrinkle resistance, and ease of care.
  2. Nylon Fibers: Nylon fibers are valued for their strength, elasticity, and abrasion resistance, making them suitable for various applications, including sportswear and hosiery.
  3. Polypropylene Fibers: Polypropylene fibers are lightweight and resistant to moisture, making them ideal for applications such as outdoor textiles and geotextiles.
  4. Acrylic Fibers: Acrylic fibers mimic the look and feel of wool, providing warmth and softness without the cost and maintenance associated with natural fibers.

Market Breakup by Application

  1. Textile and Apparel: Synthetic fibers are extensively used in the textile and apparel industry for manufacturing clothing, sportswear, and accessories.
  2. Automotive: Synthetic fibers find applications in the automotive sector for interior upholstery, carpets, and reinforcement materials.
  3. Construction: The construction industry uses synthetic fibers in the production of geotextiles, concrete reinforcement, and insulation materials.
  4. Medical and Healthcare: Synthetic fibers are used in medical textiles, including wound dressings, surgical gowns, and hygiene products.

Market Breakup by Region

  1. North America
  2. Europe
  3. Asia Pacific
  4. Latin America
  5. Middle East and Africa

Synthetic Fibres Market Competitive Landscape

The EMR report provides insights into market shares, product innovations, and strategic partnerships among key players in the global synthetic fibers market. Some of the major players in the market include:

  • Schott Textiles, Inc.
  • Mitsubishi Chemical Corporation
  • Reliance Industries Limited
  • Lenzing AG
  • Toray Industries, Inc.
  • China Petrochemical Corporation
  • William Barnet and Son, LLC
  • Others

These companies are continuously investing in research and development to enhance the properties of synthetic fibers and expand their applications across various industries.

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