The global market for synthetic fibers is estimated to have significant CAGR of XX% during the forecast period. Synthetic fiber is engineered and developed as an alternative to natural fibers. Owing to its various properties such as improve tance and thermal stability, high toughness and rigidity, outstanding resistance to weather, aging, and yellowing, and high gloss. synthetic caters to its use in major applications such as automotive, textiles, home furnishing, filtration, and many more consumer applications. Therefore, the increasing application of synthetic fibers in these industries further contributes to the growth of the market. However, the environmental concerns related to the biodegradability of synthetic fiber further projected to hinder the market growth during the forecast period.

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The global synthetic fibers market is segregated on the basis of type and application. On the basis or type, the market is further segmented into acrylics, polyolefin, polyester, nylon and other (Acetate). The polyester segment is projected to have considerable growth owing to the growth in the textile industry coupled with the growing middle-income population in emerging countries such as India China and others. the global synthetic fibers market is further segmented into automotive, textiles, home furnishing, filtration, and other. The textile industry has a significant application of synthetic fibers due to the growing use of synthetic fiber in children's wear, menswear, workwear, and womenswear.

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Global Synthetic Fibers Market Segmentation

By Type

• Acrylics
• Polyolefin
• Polyester
• Nylon
• Other (Acetate)

By Application

• Automotive
• Textiles
• Home Furnishing
• Filtration
• Other (Medical)

Regional Analysis

• North America
• United States
• Canada
• Europe
• UK
• Germany
• Italy
• Spain
• France
• Rest of Europe
• Asia-Pacific
• China
• India
• Japan
• Rest of Asia-Pacific
• Rest of the World

Company Profiles

• Asahi Kasei Corp.
• Bombay Dyeing & Manufacturing Co Ltd.
• BASF SE
• China Petrochemical Corp. (Sinopec)
• DuPont de Nemours, Inc.
• Eastman Chemical Co.
• Indorama Corp.
• Koninklijke DSM N.V.,
• Lenzing AG
• Mitsubishi Chemical Corp.
• NV Bekaert SA
• Propex Operating Company, LLC
• Reliance Industries Ltd.
• Radici Partecipazioni SpA
• Sika AG
• SGL Carbon
• Teijin Group
• Toray Industries, Inc.
• Toyobo Co., Ltd.
• W. Barnet GmbH & Co. KG

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