Global Synthetic Fibers Market Size, Share, Trends, Industry Growth by Type (Polyester, Nylon, Acrylics, Polyolefins, Others), by Application (Clothing, Home Furnishing, Others), and Forecast to 2027

Price: 3600/- USD | Published Date: October 3, 2021 |

The global synthetic fibers market size is expected to register a sustainable CAGR of over 6% during the forecast period from 2021 to 2027. The increasing demand for durable, cost-effective, and easy-to-wash fabric around the world is a major factor to drive the market growth. Furthermore, the properties associated with the synthetic fiber such as elasticity, strength, softness, high luster, and others are further anticipated to boost the market growth. Moreover, the increasing demand for the product in various industries such as automotive, filtration, furnishing, and clothing is expected to fuel the market over the forecast period.

Market Segment Insights:

The global synthetic fibers market is bifurcated into type, application, and geography. On the basis of type, the market is further segmented into polyester, nylon, acrylics, polyolefins, and others. The polyester segment dominated the global market in 2020 and estimated to hold the largest market share of around half of the market. The segment is also expected to expand at the highest growth rate over the forecast period. The segment growth is attributed to the increasing demand for polyester due to its properties of chemical and abrasion resistance.

On the basis of application, the market is bifurcated into clothing, home furnishing, automotive, filtration, and others. The clothing segment dominated the global synthetic fibers market in 2020 and estimated the hold the largest revenue share of around half of the market. The growing population and the increasing demand for cost-effective, protective, and convenient clothing have contributed to the segment growth. Furthermore, the presence of some major players and the fast-growing e-commerce industry around the globe is further anticipated to drive the segment growth over the forecast period.

Synthetic Fibers Market Growth

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The synthetic fibers comprehensive study offers an in-depth analysis of industry trends, market size, competitive analysis, and market forecast – 2021 to 2027. Research Corridor report provides detailed premium insight into the global market and reveals the potential revenue streams, commercial prospects, market drivers, challenges, opportunities, issues, and events affecting the industry. In addition, the report has a dedicated section covering market forecasts and analysis for leading geographies, profiles of major companies operating in the market and expert opinion obtained from interviews with industry executives and experts from prominent companies.

The synthetic fibers market research report presents the analysis of each segment from 2018 to 2027 considering 2020 as the base year for the research. The compounded annual growth rate (CAGR) for each respective segment is calculated for the forecast period from 2021 to 2027.

Historical & Forecast Period

  • 2018-19 – Historical Year
  • 2020 – Base Year
  • 2021-2027 – Forecast Period

Global Synthetic Fibers Market Segmentation:

By Type:

  • Polyester
  • Nylon
  • Acrylics
  • Polyolefins
  • Others

By Application:

  • Clothing
  • Home Furnishing
  • Automotive
  • Filtration
  • Others

By Region:

  • North America
  • Europe
  • Asia Pacific
  • Latin America
  • Middle East & Africa

Synthetic Fibers Market: Geographic Coverage

Geographically, the Asia Pacific dominated the global synthetic fibers market in 2020 and is estimated to hold the largest revenue share of over two-third percent of the market. The regional growth is attributed to the high production of polyester, acrylics, and nylon in developing economies such as India, China, Japan, and South Korea. The continuously growing population is further anticipated to increase the demand for synthetic fibers in the region. Furthermore, the increasing demand for home furnishing products and the growing consumption of clothing is further anticipated to boost the market growth in the Asia Pacific.

Synthetic Fibers Market: Competition Assessment

Some of the major market players operating in the global synthetic fibers market are Bombay Dyeing, Indorama Corp., E. I. du Pont de Nemours and Company, Mitsubishi Chemical Holdings Corp., and Lenzing AG. Companies are exploring markets by expansion, new investment, the introduction of new services, and collaboration as their preferred strategies. Players are exploring new geography through expansion and acquisition to gain a competitive advantage through joint synergy.

List of Key Companies:

  • Bombay Dyeing
  • Indorama Corp.
  • I. du Pont de Nemours and Company
  • Mitsubishi Chemical Holdings Corp.
  • Lenzing AG
  • Sinopec Corp.
  • Reliance Industries Ltd.
  • Toray Chemical Korea, Inc.
  • Teijin Ltd.
  • Toyobo Co., Ltd.

Key Questions Answered by Synthetic Fibers Market Report

  • Global synthetic fibers market forecasts from 2021-2027
  • Regional synthetic fibers market forecasts from 2021-2027 covering Asia-Pacific, North America, Europe, Middle East & Africa, and Latin America
  • Country-level forecasts from 2021-2027 covering 15 major countries from the aforementioned regions
  • Synthetic fibers submarket forecasts from 2021-2027 covering the market by type, by application, and geography
  • Various industry models such as SWOT analysis, Value Chain Analysis pertaining to the synthetic fibers market
  • Analysis of the key factors driving and restraining the growth of the global, regional, and country-level synthetic fibers markets from 2021-2027
  • Competitive Landscape and market positioning of top 10 players operating in the synthetic fibers market
Table of Content:

1. Preface


1.1. Report Description
1.1.1. Purpose of the Report
1.1.2. Target Audience
1.1.3. USP and Key Offerings
1.2. Research Scope
1.3. Research Methodology
1.3.1. Phase I – Secondary Research
1.3.2. Phase II – Primary Research
1.3.3. Phase III – Expert Panel Review
1.4. Assumptions

 

2. Executive Summary


2.1. Global Synthetic Fibers Market Portraiture
2.2. Global Synthetic Fibers Market, by Type, 2020 (USD Mn)
2.3. Global Synthetic Fibers Market, by Application, 2020 (USD Mn)
2.4. Global Synthetic Fibers Market, by Geography, 2020 (USD Mn)

 

3. Global Synthetic Fibers Market Analysis


3.1. Synthetic Fibers Market Overview
3.2. Market Inclination Insights
3.3. Market Dynamics
3.3.1. Drivers
3.3.2. Challenges
3.3.3. Opportunities
3.4. Attractive Investment Proposition
3.5. Competitive Analysis
3.6. Porter’s Five Force Analysis
3.6.1. Bargaining Power of Suppliers
3.6.2. Bargaining Power of Buyers
3.6.3. Threat of New Entrants
3.6.4. Threat of Substitutes
3.6.5. Degree of Competition
3.7. COVID-19 Impact Analysis

 

4. Global Synthetic Fibers Market By Type, 2018 – 2027 (USD Mn)


4.1. Overview
4.2. Polyester
4.3. Nylon
4.4. Acrylics
4.5. Polyolefins
4.6. Others

 

5. Global Synthetic Fibers Market By Application, 2018 – 2027 (USD Mn)


5.1. Overview
5.2. Clothing
5.3. Home Furnishing
5.4. Automotive
5.5. Filtration
5.6. Others

 

6. North America Synthetic Fibers Market Analysis and Forecast, 2018 – 2027 (USD Mn)


6.1.1. Overview
6.1.2. North America Synthetic Fibers Market by Type (2018-2027 USD Mn)
6.1.3. North America Synthetic Fibers Market by Application (2018-2027 USD Mn)
6.1.4. North America Synthetic Fibers Market by Country (2018-2027 USD Mn)
6.1.4.1. U.S.
6.1.4.1.1. U.S. Synthetic Fibers Market by Type (2018-2027 USD Mn)
6.1.4.1.2. U.S. Synthetic Fibers Market by Application (2018-2027 USD Mn)
6.1.4.2. Canada
6.1.4.2.1. Canada Synthetic Fibers Market by Type (2018-2027 USD Mn)
6.1.4.2.2. Canada Synthetic Fibers Market by Application (2018-2027 USD Mn)

 

7. Europe Synthetic Fibers Market Analysis and Forecast, 2018 – 2027 (USD Mn)


7.1.1. Overview
7.1.2. Europe Synthetic Fibers Market by Type (2018-2027 USD Mn)
7.1.3. Europe Synthetic Fibers Market by Application (2018-2027 USD Mn)
7.1.4. Europe Synthetic Fibers Market by Country (2018-2027 USD Mn)
7.1.4.1. Germany
7.1.4.1.1. Germany Synthetic Fibers Market by Type (2018-2027 USD Mn)
7.1.4.1.2. Germany Synthetic Fibers Market by Application (2018-2027 USD Mn)
7.1.4.2. U.K.
7.1.4.2.1. U.K. Synthetic Fibers Market by Type (2018-2027 USD Mn)
7.1.4.2.2. U.K. Synthetic Fibers Market by Application (2018-2027 USD Mn)
7.1.4.3. France
7.1.4.3.1. France Synthetic Fibers Market by Type (2018-2027 USD Mn)
7.1.4.3.2. France Synthetic Fibers Market by Application (2018-2027 USD Mn)
7.1.4.4. Italy
7.1.4.4.1. Italy Synthetic Fibers Market by Type (2018-2027 USD Mn)
7.1.4.4.2. Italy Synthetic Fibers Market by Application (2018-2027 USD Mn)
7.1.4.5. Rest of Europe
7.1.4.5.1. Rest of Europe Synthetic Fibers Market by Type (2018-2027 USD Mn)
7.1.4.5.2. Rest of Europe Synthetic Fibers Market by Application (2018-2027 USD Mn)

 

8. Asia Pacific Synthetic Fibers Market Analysis and Forecast, 2018 – 2027 (USD Mn)


8.1.1. Overview
8.1.2. Asia Pacific Synthetic Fibers Market by Type (2018-2027 USD Mn)
8.1.3. Asia Pacific Synthetic Fibers Market by Application (2018-2027 USD Mn)
8.1.4. Asia Pacific Synthetic Fibers Market by Country (2018-2027 USD Mn)
8.1.4.1. China
8.1.4.1.1. China Synthetic Fibers Market by Type (2018-2027 USD Mn)
8.1.4.1.2. China Synthetic Fibers Market by Application (2018-2027 USD Mn)
8.1.4.2. Japan
8.1.4.2.1. Japan Synthetic Fibers Market by Type (2018-2027 USD Mn)
8.1.4.2.2. Japan Synthetic Fibers Market by Application (2018-2027 USD Mn)
8.1.4.3. Rest of Asia Pacific
8.1.4.3.1. Rest of Asia Pacific Synthetic Fibers Market by Type (2018-2027 USD Mn)
8.1.4.3.2. Rest of Asia Pacific Synthetic Fibers Market by Application (2018-2027 USD Mn)

 

9. Latin America (LATAM) Synthetic Fibers Market Analysis and Forecast, 2018 – 2027 (USD Mn)


9.1.1. Overview
9.1.2. Latin America Synthetic Fibers Market by Type (2018-2027 USD Mn)
9.1.3. Latin America Synthetic Fibers Market by Application (2018-2027 USD Mn)
9.1.4. Latin America Synthetic Fibers Market by Country (2018-2027 USD Mn)
9.1.4.1. Brazil
9.1.4.1.1. Brazil Synthetic Fibers Market by Type (2018-2027 USD Mn)
9.1.4.1.2. Brazil Synthetic Fibers Market by Application (2018-2027 USD Mn)
9.1.4.2. Mexico
9.1.4.2.1. Mexico Synthetic Fibers Market by Type (2018-2027 USD Mn)
9.1.4.2.2. Mexico Synthetic Fibers Market by Application (2018-2027 USD Mn)
9.1.4.3. Rest of Latin America
9.1.4.3.1. Rest of Latin America Synthetic Fibers Market by Type (2018-2027 USD Mn)
9.1.4.3.2. Rest of Latin America Synthetic Fibers Market by Application (2018-2027 USD Mn)

 

10. Middle East and Africa Synthetic Fibers Market Analysis and Forecast, 2018 – 2027 (USD Mn)


10.1.1. Overview
10.1.2. MEA Synthetic Fibers Market by Type (2018-2027 USD Mn)
10.1.3. MEA Synthetic Fibers Market by Application (2018-2027 USD Mn)
10.1.4. Middle East and Africa Synthetic Fibers Market, by Country (2018-2027 USD Mn)
10.1.4.1. GCC
10.1.4.1.1. GCC Synthetic Fibers Market by Type (2018-2027 USD Mn)
10.1.4.1.2. GCC Synthetic Fibers Market by Application (2018-2027 USD Mn)
10.1.4.2. South Africa
10.1.4.2.1. South Africa Synthetic Fibers Market by Type (2018-2027 USD Mn)
10.1.4.2.2. South Africa Synthetic Fibers Market by Application (2018-2027 USD Mn)
10.1.4.3. Rest of MEA
10.1.4.3.1. Rest of MEA Synthetic Fibers Market by Type (2018-2027 USD Mn)
10.1.4.3.2. Rest of MEA Synthetic Fibers Market by Application (2018-2027 USD Mn)

 

11. Company Profiles


11.1. Bombay Dyeing
11.1.1. Business Description
11.1.2. Financial Health and Budget Allocation
11.1.3. Product Positions/Portfolio
11.1.4. Recent Development
11.1.5. SWOT Analysis
11.2. Indorama Corp.
11.2.1. Business Description
11.2.2. Financial Health and Budget Allocation
11.2.3. Product Positions/Portfolio
11.2.4. Recent Development
11.2.5. SWOT Analysis
11.3. E. I. du Pont de Nemours and Company
11.3.1. Business Description
11.3.2. Financial Health and Budget Allocation
11.3.3. Product Positions/Portfolio
11.3.4. Recent Development
11.3.5. SWOT Analysis
11.4. Mitsubishi Chemical Holdings Corp.
11.4.1. Business Description
11.4.2. Financial Health and Budget Allocation
11.4.3. Product Positions/Portfolio
11.4.4. Recent Development
11.4.5. SWOT Analysis
11.5. Lenzing AG
11.5.1. Business Description
11.5.2. Financial Health and Budget Allocation
11.5.3. Product Positions/Portfolio
11.5.4. Recent Development
11.5.5. SWOT Analysis
11.6. Sinopec Corp.
11.6.1. Business Description
11.6.2. Financial Health and Budget Allocation
11.6.3. Product Positions/Portfolio
11.6.4. Recent Development
11.6.5. SWOT Analysis
11.7. Reliance Industries Ltd.
11.7.1. Business Description
11.7.2. Financial Health and Budget Allocation
11.7.3. Product Positions/Portfolio
11.7.4. Recent Development
11.7.5. SWOT Analysis
11.8. Toray Chemical Korea, Inc.
11.8.1. Business Description
11.8.2. Financial Health and Budget Allocation
11.8.3. Product Positions/Portfolio
11.8.4. Recent Development
11.8.5. SWOT Analysis
11.9. Teijin Ltd.
11.9.1. Business Description
11.9.2. Financial Health and Budget Allocation
11.9.3. Product Positions/Portfolio
11.9.4. Recent Development
11.9.5. SWOT Analysis
11.10. Toyobo Co., Ltd.
11.10.1. Business Description
11.10.2. Financial Health and Budget Allocation
11.10.3. Product Positions/Portfolio
11.10.4. Recent Development
11.10.5. SWOT Analysis
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