The global Synthetic Fibers market is forecasted to reach USD 98.88 Billion by 2027, according to a new report by Reports and Data. Over the forecast period, the superior chemical, physical and mechanical characteristics of Synthetic Fibers are anticipated to drive the demand. Synthetic Fibers are developed from polymers and are regarded as human-made fibers. The evolving lifestyle and growing trend in fashion, increasing demand for increased performance and lightweight content among the populace, and improvements in green Synthetic Fibers are reported as significant factors in the market that are expected to fuel growth in the years ahead. The beneficial chemical characteristics such as moisture resistance, chemical resistance, and abrasion are estimated to accelerate market demand over the forecast period. Polyester has been used widely in textile applications for longevity, wrinkle, and stain resistance considerations. When combined with other Synthetic Fibers, the polyester enhances the appearance of the surface, as it provides more excellent luster.
Key participants include Toray Industries, Inc., E. I. du Pont de Nemours, and Company, Lenzing AG, Bombay Dyeing, Teijin Limited, Toyobo Co., Ltd., Indorama Corporation, Mitsubishi Chemical Holdings Corporation, Reliance Industries Limited, and China Petroleum Corporation, among others.
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Synthetic Fibers is used in a variety of applications such as clothing, home furnishing, automotive, and filtration, because it imparts valuable quality attributes, including heat and moisture resistance. Customers' growing purchasing potential to buy stylish clothing is expected to cause an increase in demand for different types of fibers. These variables are supposed to bolster market demand. The rising customer interest in home furnishings is spurring segment growth. These fibers are needed by industry for the production of bed linen, sheets, upholstery, wall coverings, soft home decor, rugs, and similar items.
The population increase, along with growing urbanization, also has a significant impact on the home furnishings industry. However, stringent environmental regulation is associated with the non-biodegradability of Synthetic Fibers, which limits overall industry growth in the years to come.
For the purpose of this report, Reports and Data has segmented into the Global Synthetic Fibers market on the basis of Type, Distribution Channel, application, and region:
Type Outlook (Revenue, USD Billion; 2017-2027)
- Polyester
- Nylon
- Acrylics
- Polyolefin
- Others
Distribution Channel Outlook (Revenue, USD Billion; 2017-2027)
- Online
- Offline
Application Outlook (Revenue, USD Billion; 2017-2027)
- Clothing
- Home Furnishing
- Automotive
- Filtration
- Others
Regional Outlook (Revenue, USD Billion; 2017-2027)
- North America
- U.S
- Canada
- Europe
- Germany
- U.K
- France
- BENELUX
- Rest of Europe
- Asia Pacific
- China
- Japan
- South Korea
- Rest of APAC
- MEA
- Saudi Arabia
- UAE
- Rest of MEA
- Latin America
- Brazil
- Rest of LATAM
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Key Questions Addressed in the Report:
- What are the key driving and restraining factors of the global Synthetic Fibers market?
- What are the major challenges and risks the companies will have to face in the market?
- What segment and region is expected to dominate the market over the forecast period?
- What are the latest and emerging trends of the Synthetic Fibers market? How will they impact the global market over the forecast period?
- What is expected growth rate of the Synthetic Fibers market over the forecast period?
- What are the strategic business plans and steps taken by the key competitors to gain a robust footing in the market?
- What product type or application segment is expected to grow at a significant rate during the forecast period?
- What are the factors influencing the growth of the Synthetic Fibers market?
- Which companies are operating in the global market?
- What are the key outcomes of SWOT analysis and Porter’s Five Forces analysis?
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