The Asia-Pacific market for synthetic fibers is projected to grow at a CAGR of 7.4% during the forecast period. The market is mainly driven by various pivotal factors including significant investment in the automotive industry and an emerging focus on lightweight and fuel-efficient vehicles in the region. The expansion of auto parts manufacturing has led to the adoption of synthetic fibers in the automotive sector, owing to their lightweight property, mechanical strength, great design versatility, and lower system costs. The rising disposable income and growing urbanization are also boosting the growth of the organized retail which led to the demand for home furnishing.
Get Free Sample Copy @ https://www.omrglobal.com/request-sample/asia-pacific-synthetic-fibers-market
The market for synthetic fibers market is classified on the basis of type and application. Based, the Asia-Pacific synthetic rubber market is further segmented into acrylics, polyolefin, polyester, nylon, and others (Acetate). The polyester segment is projected to have considerable growth during the forecast period. The application market is further segregated into automotive, clothing, home furnishing, filtration, and others. The automotive application segment is estimated to have considerable growth in the market owing to the growing demand for lightweight vehicles to reduce fuel consumption. Geographically, the Asia-Pacific synthetic fibers market is further classified into China, India, Japan, and the Rest of Asia-Pacific.
A Full Report of Asia-Pacific Synthetic Fibers Market is Available at: https://www.omrglobal.com/industry-reports/asia-pacific-synthetic-fibers-market
The companies which are contributing to the growth of the Asia-Pacific synthetic fibers market include Asahi Kasei Corp., BASF SE, DuPont de Nemours, Inc., Mitsubishi Chemical Corp., Toray Industries, Inc., China Petrochemical Corp. (Sinopec), Eastman Chemical Co., and others. Product launch, merger, and acquisition, collaborations with government, and technological advancements through which market players are considerably contributing to the market growth to stay competitive in the market.
Asia-Pacific Synthetic Fibers Market Segmentation
Asia-Pacific Synthetic Fibers Market by Type
• Others (Acetate)
Asia-Pacific Synthetic Fibers Market by Application
• Home Furnishing
• Others (Medical)
Asia-Pacific Synthetic Fibers Market – Segment by Region
• Rest of Asia-Pacific
• Asahi Kasei Corp.
• Bombay Dyeing & Manufacturing Co Ltd.
• BASF SE
• China Petrochemical Corp. (Sinopec)
• DuPont de Nemours, Inc.
• Eastman Chemical Co.
• Mitsubishi Chemical Corp.
• Reliance Industries Ltd.
• SGL Carbon
• Teijin Group
• Toray Industries, Inc.
• Toyobo Co., Ltd.
For More Customized Data, Request for Report Customization @ https://www.omrglobal.com/report-customization/asia-pacific-synthetic-fibers-market
About Orion Market Research
Orion Market Research (OMR) is a market research and consulting company known for its crisp and concise reports. The company is equipped with an experienced team of analysts and consultants. OMR offers quality syndicated research reports, customized research reports, consulting and other research-based services.
Company Name: Orion Market Research
Contact Person: Mr. Anurag Tiwari
Email: [email protected]
Contact no: +1 646-755-7667, +91 780-304-0404