Synthetic Fibers Market Report 2026

The synthetic fibers market size has grown steadily in recent years. It will grow from $130.91 billion in 2025 to $135.34 billion in 2026 at a compound annual growth rate (CAGR) of 3.4%. The growth in the historic period can be attributed to growth of textile industry, demand for durable fabrics, expansion of apparel manufacturing, adoption of synthetic alternatives, cost efficiency advantages.

The synthetic fibers market size is expected to see steady growth in the next few years. It will grow to $160.58 billion in 2030 at a compound annual growth rate (CAGR) of 4.4%. The growth in the forecast period can be attributed to growth of technical textiles, expansion of electric vehicle interiors, rising filtration demand, innovation in fiber chemistry, sustainability driven material shifts. Major trends in the forecast period include rising demand for performance textiles, expansion in automotive interior applications, growing use in filtration materials, increased adoption in home furnishings, focus on lightweight durable fibers.

The growing demand for construction is expected to drive the expansion of the synthetic fibers market going forward. Construction involves planning, designing, building, and assembling physical structures, facilities, or infrastructure, and serves as a key driver of economic development. Synthetic fibers provide benefits such as corrosion resistance, high strength-to-weight ratios, and versatility, making them valuable for modern construction applications. For example, in June 2025, according to Eurostat, a Luxembourg-based statistical office of the European Union, construction production increased by 3% in the euro area and by 2.5% in the EU in April 2025 compared with April 2024. Therefore, the rising demand for construction is supporting the growth of the synthetic fibers market.

Major companies operating in the synthetic fiber market are innovating and introducing products like the TERRYL brand to boost their market revenues. The TERRYL brand encompasses a range of offerings, including wellness, holidays, dining, shopping, and payment services. For instance, in 2023, Cathay unveiled the TERRYL brand, marking the company's transition into a multifaceted travel lifestyle brand, extending beyond its core business of airline travel. This rebranding initiative aims to engage customers across various platforms and enhance interactions between the company and its clientele.

In September 2024, Hansae, a South Korea-based garment manufacturing company, acquired Texollini for an undisclosed amount. This acquisition strengthens Hansae's capabilities in synthetic fiber production and positions the company to take advantage of the growing nearshoring trend in Latin America. Texollini Inc. is a US-based manufacturer of synthetic fibers.

Major companies operating in the synthetic fibers market are Bombay Dyeing & Manufacturing Company Limited, DuPont de Nemours Inc., Indorama Corporation, Lenzing AG, Mitsubishi Chemical Group Corporation, Reliance Industries Limited, Sinopec Corp, Teijin Limited, Toray Chemical Korea Inc., Toyobo Co. Ltd., Dow Chemical Company, Toho Tenax Co. Ltd., Koch Industries Inc., Formosa Plastics Corporation, TUNTEX Group Co. Ltd., Asahi Kasei Corporation, Kolon Industries Inc., Hyosung Corporation, Radici Group, Far Eastern New Century Corporation, Indorama Ventures PCL, Nan Ya Plastics Corporation, Formosa Chemicals & Fibre Corporation, China National Chemical Fiber Corp., Huvis Corporation, Unifi Inc., FiberVisions Corporation, Trevira GmbH, Advansa BV, Wellman International Ltd., Kuraray Co. Ltd., Grasim Industries Ltd., Thai Polyester Co. Ltd., JBF Industries Ltd., Polygenta Technologies Limited, Shinkong Synthetic Fibers Corporation.

Asia-Pacific was the largest region in the synthetic fibers market in 2025. Western Europe was the second-largest region in the global synthetic fibers market share. The regions covered in the synthetic fibers market report are Asia-Pacific, South East Asia, Western Europe, Eastern Europe, North America, South America, Middle East, Africa. The countries covered in the synthetic fibers market report are China, India, Japan, Australia, Indonesia, South Korea, Bangladesh, Thailand, Vietnam, Malaysia, Singapore, Philippines, Hong Kong, Taiwan, New Zealand, UK, Germany, France, Italy, Spain, Austria, Belgium, Denmark, Finland, Ireland, Netherlands, Norway, Portugal, Sweden, Switzerland, Russia, Czech Republic, Poland, Romania, Ukraine, USA, Canada, Mexico, Brazil, Chile, Argentina, Colombia, Peru, Saudi Arabia, Israel, Iran, Turkey, UAE, Egypt, Nigeria, South Africa.

The synthetic fibers market consists of the sales of rayon, microfiber, and spandex synthetic fibers. Values in this market are factory gate values, that is the value of goods sold by the manufacturers or creators of the goods, whether to other entities (including downstream manufacturers, wholesalers, distributors, and retailers) or directly to end customers. The value of goods in this market includes related services sold by the creators of the goods.

The market value is defined as the revenues that enterprises gain from the sale of goods and/or services within the specified market and geography through sales, grants, or donations in terms of the currency (in USD unless otherwise specified).

The revenues for a specified geography are consumption values that are revenues generated by organizations in the specified geography within the market, irrespective of where they are produced. It does not include revenues from resales along the supply chain, either further along the supply chain or as part of other products.

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