Global Synthetic Fibers Market Size and Forecast 2023-2032|Bombay Dyeing, E. I. du Pont de Nemours and Company, Indorama Corporation, Lenzing AG, Mitsubishi Chemical Holdings Corporation,

The Synthetic Fibers Global Market Report 2023 by The Business Research Company, provides synthetic fibers market overview across 60+ geographies in the seven regions – Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa for the 27 major global industries. The report covers a ten-year historic period – 2010-2021, and a ten-year forecast period – 2023-2032.

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According to The Business Research Company’s Synthetic Fibers Global Market Report 2023, the market size is expected to grow from$161.11 billion in 2022 to $174.16 billion in 2023 at a compound annual growth rate (CAGR) of 8.1%. The Russia-Ukraine war disrupted the chances of global economic recovery from the COVID-19 pandemic, at least in the short term. The war between these two countries has led to economic sanctions on multiple countries, a surge in commodity prices, and supply chain disruptions, causing inflation across goods and services and affecting many markets across the globe. The market size of the global synthetic fibers is expected to grow from $231.33 billion in 2027 at a CAGR of 7.4%

Synthetic fiber is used in a broad range of applications, including the textile industry and home furnishings, owing to its physical and chemical properties such as high durability and stain-resistant characteristics. Polyester is one major fiber used in tires, belts, and hoses, whereas nylon is used for the preparation of carpets.

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The synthetic fibers market is segmented:

1) By Type: Polyester, Nylon, Acrylics, Polyolefin, Other Types

2) By Application: Clothing, Home Furnishing, Automotive, Filtration, Other Applications

3) By Distribution Channel: Online, Offline

Increased demand for lightweight and fuel-efficient materials or advanced composite materials is increasing the need for synthetic fibers. Synthetic fibers made from polymer aromatic polyamide are mainly of two types: para-aramid and meta-aramid. Aramids, UHME polyethylene, and POA are the major types of specialty synthetic fibers. Marine, medical, sporting goods, pressure vessels, and reinforcement materials industries are the significant applications for the specialty synthetic fiber market, and growth in these markets is driving the synthetic fiber market. For instance, some of the new products using synthetic fibers include bioplastics, plastic composites/nanocomposites, self-healing polymers, plastic electronics, and smart and reactive polymers.

The synthetic fibers market report table of contents includes:

1. Executive Summary

2. Synthetic Fibers Market Characteristics

3. Synthetic Fibers Market Trends And Strategies

4. Synthetic Fibers Market – Macro Economic Scenario

5. Synthetic Fibers Market Size And Growth

26. Africa Synthetic Fibers Market

27. Synthetic Fibers Market Competitive Landscape And Company Profiles

28. Key Mergers And Acquisitions In The Synthetic Fibers Market

29. Synthetic Fibers Market Future Outlook and Potential Analysis

30. Appendix

Top Major Players: