Synthetic Fibers - Global Strategic Business Report

The global market for Synthetic Fibers is estimated at US$80.0 Billion in 2023 and is projected to reach US$120.5 Billion by 2030, growing at a CAGR of 6.0% from 2023 to 2030. This comprehensive report provides an in-depth analysis of market trends, drivers, and forecasts, helping you make informed business decisions.

The growth in the synthetic fibers market is driven by several factors. Firstly, the rising demand for durable and easy-care textiles in the fashion and home furnishing industries is propelling market expansion. Consumers are increasingly opting for synthetic fabrics due to their affordability, versatility, and low maintenance compared to natural fibers. Secondly, the booming automotive and construction industries are driving the demand for high-strength and lightweight synthetic fibers used in composites and insulation materials. Thirdly, the advancements in textile technology and the continuous innovation in fiber properties are enhancing the performance and appeal of synthetic fibers, leading to their increased adoption in specialized applications such as medical textiles, filtration, and geotextiles. Moreover, the growing awareness and preference for sustainable products are fostering the development and consumption of recycled and bio-based synthetic fibers. Lastly, the robust growth of the global apparel industry, particularly in emerging markets, is significantly contributing to the demand for synthetic fibers, as manufacturers seek cost-effective and high-performance materials to meet the needs of a diverse consumer base. These factors collectively are expected to drive the synthetic fibers market`s robust growth in the coming years.

Key Insights:

• Market Growth: Understand the significant growth trajectory of the Polyester Fibers segment, which is expected to reach US$60.8 Billion by 2030 with a CAGR of a 6.3%. The Nylon Fibers segment is also set to grow at 6.6% CAGR over the analysis period.
• Regional Analysis: Gain insights into the U.S. market, estimated at $21.2 Billion in 2023, and China, forecasted to grow at an impressive 9.1% CAGR to reach $27.6 Billion by 2030. Discover growth trends in other key regions, including Japan, Canada, Germany, and the Asia-Pacific.

Why You Should Buy This Report:

• Detailed Market Analysis: Access a thorough analysis of the Global Synthetic Fibers Market, covering all major geographic regions and market segments.
• Competitive Insights: Get an overview of the competitive landscape, including the market presence of major players across different geographies.
• Future Trends and Drivers: Understand the key trends and drivers shaping the future of the Global Synthetic Fibers Market.
• Actionable Insights: Benefit from actionable insights that can help you identify new revenue opportunities and make strategic business decisions.

Key Questions Answered:

• How is the Global Synthetic Fibers Market expected to evolve by 2030?
• What are the main drivers and restraints affecting the market?
• Which market segments will grow the most over the forecast period?
• How will market shares for different regions and segments change by 2030?
• Who are the leading players in the market, and what are their prospects?

Report Features:

• Comprehensive Market Data: Independent analysis of annual sales and market forecasts in US$ Million from 2023 to 2030.
• In-Depth Regional Analysis: Detailed insights into key markets, including the U.S., China, Japan, Canada, Europe, Asia-Pacific, Latin America, Middle East, and Africa.
• Company Profiles: Coverage of major players such as Bombay Dyeing & Manufacturing Co., Ltd., China National Petroleum Corporation (CNPC), E. I. du Pont De Nemours and Company, and more.
• Complimentary Updates: Receive free report updates for one year to keep you informed of the latest market developments.

Select Competitors (Total 42 Featured):

• Bombay Dyeing & Manufacturing Co., Ltd.
• China National Petroleum Corporation (CNPC)
• E. I. du Pont De Nemours and Company
• Indorama Corporation
• Lenzing Group
• Mitsubishi Chemical Holdings Corporation
• Reliance Industries Ltd.
• Teijin Ltd.
• Teijin Ltd.
• Toray Industries, Inc.
• Toyobo Co., Ltd.