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
Report ID: RC175 | Report Format: PDF + Excel | Starting Price: 3600/- USD | Last Updated: June 22nd, 2023The 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 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 Drivers:
Increasing Demand in Textile Industry: The textile industry is the primary driver of the synthetic fibers market. Synthetic fibers, such as polyester, nylon, and acrylic, are widely used in the textile industry for manufacturing clothing, home textiles, and industrial fabrics. The demand for synthetic fibers in the textile industry is driven by factors such as population growth, rising disposable incomes, changing fashion trends, and the versatility of synthetic fibers.
Superior Properties and Performance: Synthetic fibers offer several advantages over natural fibers, including high strength, durability, resistance to wrinkles, and ease of care. They can be engineered to possess specific properties, such as moisture-wicking, flame resistance, and UV protection. These superior properties and performance characteristics make synthetic fibers desirable for various applications, including apparel, upholstery, automotive textiles, and technical textiles.
Technological Advancements in Fiber Production: Continuous technological advancements in fiber production processes have enhanced the quality, efficiency, and cost-effectiveness of synthetic fibers. Innovations such as melt spinning, solution spinning, and electrospinning have improved the production capabilities and expanded the range of synthetic fibers available in the market. These advancements have further driven the growth of the synthetic fibers market.
Growth in End-Use Industries: Synthetic fibers find applications in a wide range of industries beyond textiles. They are used in the automotive industry for manufacturing seat covers, carpets, and interior components. The construction industry utilizes synthetic fibers in concrete reinforcement and insulation materials. Additionally, synthetic fibers are employed in non-woven fabrics, filtration media, geotextiles, and medical textiles. The growth in these end-use industries contributes to the demand for synthetic fibers.
Cost-Effectiveness and Availability: Synthetic fibers are often more cost-effective compared to natural fibers. They can be mass-produced using automated processes, leading to economies of scale and lower production costs. Additionally, synthetic fibers can be produced from abundant raw materials, such as petroleum-based chemicals or plant-based sources like wood pulp. The cost-effectiveness and availability of synthetic fibers make them attractive for various applications, stimulating market growth.
Environmental Considerations: The environmental impact of synthetic fibers, particularly those derived from petroleum-based sources, has raised concerns. However, there is increasing focus on developing sustainable alternatives, such as bio-based synthetic fibers and recycled synthetic fibers. The adoption of eco-friendly manufacturing processes and the incorporation of recycled materials help mitigate the environmental impact. The growing demand for sustainable and eco-friendly synthetic fibers drives the market toward more environmentally responsible solutions.
Changing Consumer Preferences: Consumer preferences and lifestyle choices play a significant role in driving the demand for synthetic fibers. Factors such as comfort, performance, affordability, and easy maintenance influence consumers’ choices of clothing and other textile products. Synthetic fibers often offer these desirable attributes, meeting the demands and preferences of modern consumers.
Market Outlook:
Benchmark Year | 2022 | ||
Market Size | lock | ||
Market Growth (CAGR) | > 6% (2023 to 2030) | ||
Largest Market Share | Asia Pacific | ||
Analysis Period | 2020-2030 | ||
Market Players | Bombay Dyeing, Indorama Corp., E. I. du Pont de Nemours and Company, Mitsubishi Chemical Holdings Corp., and Lenzing AG |
Market 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.
To know more about the study, request sample papers
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
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
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.
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 through 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.
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
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
$ 6995/- Corporate License

Email: sales@researchcorridor.com
- Markets in over 100+ countries analyzed granularly
- 35% of our total client are returning clients
- 1000+ customers globally
- 100+ paid data sources mined to bring cutting-edge insights
- 24x5 availability - we are always there when you need us
- "Free of Cost Report Customization" is available
- Request a regional report at Best Price

- Selective Catalytic Reduction Market Report
- Hyperpigmentation Treatment Market Report
- Hazelnut Chocolate Spread Market Report
- Seaweed Protein Market Report
- Precision Farming Market Report
- PID Controllers Market Report
- Hybrid Solar Wind Systems Market Report
- Night Creams Market Report
- Topical Hemostat Market Report
- Beer Glassware Market Report
- Overnight Face Mask Market Report
- Transthyretin Amyloidosis Treatment Market Report