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Synthetic Fibres Market Report and Forecast 2024-2032

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    Report

  • 155 Pages
  • November 2023
  • Region: Global
  • Expert Market Research
  • ID: 5921570
According to the report, the global synthetic fibres market is projected to grow at a CAGR of 4.90% between 2024 and 2032 reaching a value of around USD 121.77 million by 2032. Aided by rapid advancements in technology and increased adoption in the healthcare, home furnishing, and aerospace, among other industries, the market is expected to grow significantly by 2032.

Synthetic fibres, engineered from petrochemicals, encompass a broad spectrum of materials including nylon, polyester, acrylics, and polyolefin. Recognised for their resilience, strength, and adaptability, synthetic fibres have predominantly been employed in clothing, home furnishings, and numerous industrial applications.

The mounting global demand for cost-effective and long-lasting textiles has been pivotal in steering the synthetic fibres market growth. The unique characteristics of these fibres, such as resistance to chemicals, sun, and moisture, coupled with their low maintenance requirements, have rendered them indispensable in contemporary textile manufacturing.

Moreover, the accelerating pace of urbanisation and the resultant surge in construction activities have accentuated the appeal of synthetic fibres. These fibres are being increasingly integrated into construction materials due to their attributes of enhancing strength and durability. Synthetic fibres have etched an indelible presence across a slew of industries. The automotive sector, for instance, extensively employs them in car interiors, seat covers, and airbags, leveraging their high tensile strength and durability.

The global synthetic fibres market, while thriving, has been under the scanner for environmental concerns, predominantly due to the non-biodegradable nature of these fibres. In response, industry stakeholders are increasingly pivoting towards sustainable and eco-friendly production methods. Breakthroughs in producing bio-based synthetic fibres and recycling techniques are gradually gaining traction.

In the realm of home furnishings, synthetic fibres are the linchpins in products like carpets, curtains, and upholstery, celebrated for their stain-resistant and wear-resistant properties. The realm of sports hasn't remained impervious to the allure of synthetic fibres either. They've become the material of choice for manufacturing sportswear and equipment, given their lightweight nature and ability to wick moisture.

Asia-Pacific, with its burgeoning textile industry and rapid industrialisation, stands as a behemoth in the synthetic fibres market. Notably, countries like China and India have emerged as primary contributors, driven by both production and consumption dynamics. Following in tow are Europe and North America, with their advanced automotive and construction sectors acting as significant synthetic fibres market trend.

As the global populace continues its march towards urban centres and as lifestyles undergo a transformation, the synthetic fibres market is poised for a buoyant future. Their multifaceted applications across a range of industries, combined with technological advancements in production, ensure a robust synthetic fibres market expansion.

Market Segmentation

The market can be divided based on type, application, and region.

Market Breakup by Type

  • Acrylic
  • Nylon
  • Polyester
  • Polyolefin
  • Acetate
  • Rayon
  • Aramid
  • Viscose
  • Others

Market Breakup by Application

  • Apparel
  • Automotive
  • Healthcare
  • Home Furnishing
  • Aerospace
  • Others

Market Breakup by Region

  • North America
  • Europe
  • Asia Pacific
  • Latin America
  • Middle East and Africa

Competitive Landscape

The report looks into the market shares, plant turnarounds, capacities, investments, and mergers and acquisitions, among other major developments, of the leading companies operating in the global synthetic fibres market. Some of the major players explored in the report are as follows:
  • Schott Textiles, Inc.
  • Mitsubishi Chemical Corporation
  • Reliance Industries Limited
  • Lenzing AG
  • Toray Industries, Inc.
  • China Petrochemical Corporation
  • William Barnet and Son, LLC
  • Others

Table of Contents

1 Preface2 Report Coverage - Key Segmentation and Scope
3 Report Description
3.1 Market Definition and Outlook
3.2 Properties and Applications
3.3 Market Analysis
3.4 Key Players
4 Key Assumptions
5 Executive Summary
5.1 Overview
5.2 Key Drivers
5.3 Key Developments
5.4 Competitive Structure
5.5 Key Industrial Trends
6 Snapshot
6.1 Global
6.2 Regional
7 Opportunities and Challenges in the Market
8 Global Synthetic Fibres Market Analysis
8.1 Key Industry Highlights
8.2 Global Synthetic Fibres Historical Market (2018-2023)
8.3 Global Synthetic Fibres Market Forecast (2024-2032)
8.4 Global Synthetic Fibres Market by Type
8.4.1 Acrylic
8.4.1.1 Historical Trend (2016-2021)
8.4.1.2 Forecast Trend (2024-2032)
8.4.2 Nylon
8.4.2.1 Historical Trend (2016-2021)
8.4.2.2 Forecast Trend (2024-2032)
8.4.3 Polyester
8.4.3.1 Historical Trend (2018-2023)
8.4.3.2 Forecast Trend (2024-2032)
8.4.4 Polyolefin
8.4.4.1 Historical Trend (2018-2023)
8.4.4.2 Forecast Trend (2024-2032)
8.4.5 Acetate
8.4.5.1 Historical Trend (2018-2023)
8.4.5.2 Forecast Trend (2024-2032)
8.4.6 Rayon
8.4.6.1 Historical Trend (2018-2023)
8.4.6.2 Forecast Trend (2024-2032)
8.4.7 Aramid
8.4.7.1 Historical Trend (2018-2023)
8.4.7.2 Forecast Trend (2024-2032)
8.4.8 Viscose
8.4.8.1 Historical Trend (2018-2023)
8.4.8.2 Forecast Trend (2024-2032)
8.4.9 Others
8.5 Global Synthetic Fibres Market by Application
8.5.1 Apparel
8.5.1.1 Historical Trend (2018-2023)
8.5.1.2 Forecast Trend (2024-2032)
8.5.2 Automotive
8.5.2.1 Historical Trend (2018-2023)
8.5.2.2 Forecast Trend (2024-2032)
8.5.3 Healthcare
8.5.3.1 Historical Trend (2018-2023)
8.5.3.2 Forecast Trend (2024-2032)
8.5.4 Home Furnishing
8.5.4.1 Historical Trend (2018-2023)
8.5.4.2 Forecast Trend (2024-2032)
8.5.5 Aerospace
8.5.5.1 Historical Trend (2018-2023)
8.5.5.2 Forecast Trend (2024-2032)
8.5.6 Others
8.6 Global Synthetic Fibres Market by Region
8.6.1 North America
8.6.1.1 Historical Trend (2018-2023)
8.6.1.2 Forecast Trend (2024-2032)
8.6.2 Europe
8.6.2.1 Historical Trend (2018-2023)
8.6.2.2 Forecast Trend (2024-2032)
8.6.3 Asia Pacific
8.6.3.1 Historical Trend (2018-2023)
8.6.3.2 Forecast Trend (2024-2032)
8.6.4 Latin America
8.6.4.1 Historical Trend (2018-2023)
8.6.4.2 Forecast Trend (2024-2032)
8.6.5 Middle East and Africa
8.6.5.1 Historical Trend (2018-2023)
8.6.5.2 Forecast Trend (2024-2032)
9 North America Synthetic Fibres Market Analysis
9.1 United States of America
9.1.1 Historical Trend (2018-2023)
9.1.2 Forecast Trend (2024-2032)
9.2 Canada
9.2.1 Historical Trend (2018-2023)
9.2.2 Forecast Trend (2024-2032)
10 Europe Synthetic Fibres Market Analysis
10.1 United Kingdom
10.1.1 Historical Trend (2018-2023)
10.1.2 Forecast Trend (2024-2032)
10.2 Germany
10.2.1 Historical Trend (2018-2023)
10.2.2 Forecast Trend (2024-2032)
10.3 France
10.3.1 Historical Trend (2018-2023)
10.3.2 Forecast Trend (2024-2032)
10.4 Italy
10.4.1 Historical Trend (2018-2023)
10.4.2 Forecast Trend (2024-2032)
10.5 Others
11 Asia Pacific Synthetic Fibres Market Analysis
11.1 China
11.1.1 Historical Trend (2018-2023)
11.1.2 Forecast Trend (2024-2032)
11.2 Japan
11.2.1 Historical Trend (2018-2023)
11.2.2 Forecast Trend (2024-2032)
11.3 India
11.3.1 Historical Trend (2018-2023)
11.3.2 Forecast Trend (2024-2032)
11.4 ASEAN
11.4.1 Historical Trend (2018-2023)
11.4.2 Forecast Trend (2024-2032)
11.5 Australia
11.5.1 Historical Trend (2018-2023)
11.5.2 Forecast Trend (2024-2032)
11.6 Others
12 Latin America Synthetic Fibres Market Analysis
12.1 Brazil
12.1.1 Historical Trend (2018-2023)
12.1.2 Forecast Trend (2024-2032)
12.2 Argentina
12.2.1 Historical Trend (2018-2023)
12.2.2 Forecast Trend (2024-2032)
12.3 Mexico
12.3.1 Historical Trend (2018-2023)
12.3.2 Forecast Trend (2024-2032)
12.4 Others
13 Middle East and Africa Synthetic Fibres Market Analysis
13.1 Saudi Arabia
13.1.1 Historical Trend (2018-2023)
13.1.2 Forecast Trend (2024-2032)
13.2 United Arab Emirates
13.2.1 Historical Trend (2018-2023)
13.2.2 Forecast Trend (2024-2032)
13.3 Nigeria
13.3.1 Historical Trend (2018-2023)
13.3.2 Forecast Trend (2024-2032)
13.4 South Africa
13.4.1 Historical Trend (2018-2023)
13.4.2 Forecast Trend (2024-2032)
13.5 Others
14 Market Dynamics
14.1 SWOT Analysis
14.1.1 Strengths
14.1.2 Weaknesses
14.1.3 Opportunities
14.1.4 Threats
14.2 Porter's Five Forces Analysis
14.2.1 Supplier's Power
14.2.2 Buyer's Power
14.2.3 Threat of New Entrants
14.2.4 Degree of Rivalry
14.2.5 Threat of Substitutes
14.3 Key Indicators for Demand
14.4 Key Indicators for Price
15 Value Chain Analysis
16 Price Analysis
16.1 North America Historical Price Trends (2018-2023) and Forecast (2024-2032)
16.2 Europe Historical Price Trends (2018-2023) and Forecast (2024-2032)
16.3 Asia Pacific Historical Price Trends (2018-2023) and Forecast (2024-2032)
16.4 Latin America Historical Price Trends (2018-2023) and Forecast (2024-2032)
16.5 Middle East and Africa Historical Price Trends (2018-2023) and Forecast (2024-2032)
17 Competitive Landscape
17.1 Market Structure
17.2 Company Profiles
17.2.1 Schott Textiles, Inc.
17.2.1.1 Company Overview
17.2.1.2 Product Portfolio
17.2.1.3 Demographic Reach and Achievements
17.2.1.4 Certifications
17.2.2 Mitsubishi Chemical Corporation
17.2.2.1 Company Overview
17.2.2.2 Product Portfolio
17.2.2.3 Demographic Reach and Achievements
17.2.2.4 Certifications
17.2.3 Reliance Industries Limited
17.2.3.1 Company Overview
17.2.3.2 Product Portfolio
17.2.3.3 Demographic Reach and Achievements
17.2.3.4 Certifications
17.2.4 Lenzing AG
17.2.4.1 Company Overview
17.2.4.2 Product Portfolio
17.2.4.3 Demographic Reach and Achievements
17.2.4.4 Certifications
17.2.5 Toray Industries, Inc.
17.2.5.1 Company Overview
17.2.5.2 Product Portfolio
17.2.5.3 Demographic Reach and Achievements
17.2.5.4 Certifications
17.2.6 China Petrochemical Corporation
17.2.6.1 Company Overview
17.2.6.2 Product Portfolio
17.2.6.3 Demographic Reach and Achievements
17.2.6.4 Certifications
17.2.7 William Barnet and Son, LLC
17.2.7.1 Company Overview
17.2.7.2 Product Portfolio
17.2.7.3 Demographic Reach and Achievements
17.2.7.4 Certifications
17.2.8 Others
18 Key Trends and Developments in the Market
Additional Customisations Available
1 Manufacturing Process
1.1 Overview
1.2 Detailed Process Flow
1.3 Operations Involved
2 Project Requirements and Cost Analysis
2.1 Land, Location, and Site Development
2.2 Construction
2.3 Plant Machinery
2.4 Raw Materials
2.5 Packaging
2.6 Transportation
2.7 Utilities
2.8 Manpower
2.9 Other Capital Investments
List of Key Figures and Tables
1. Global Synthetic Fibres Market: Key Industry Highlights, 2018 and 2032
2. Global Synthetic Fibres Historical Market: Breakup by Type (Million Tons), 2018-2023
3. Global Synthetic Fibres Market Forecast: Breakup by Type (Million Tons), 2024-2032
4. Global Synthetic Fibres Historical Market: Breakup by Application (Million Tons), 2018-2023
5. Global Synthetic Fibres Market Forecast: Breakup by Application (Million Tons), 2024-2032
6. Global Synthetic Fibres Historical Market: Breakup by Region (Million Tons), 2018-2023
7. Global Synthetic Fibres Market Forecast: Breakup by Region (Million Tons), 2024-2032
8. North America Synthetic Fibres Historical Market: Breakup by Country (Million Tons), 2018-2023
9. North America Synthetic Fibres Market Forecast: Breakup by Country (Million Tons), 2024-2032
10. Europe Synthetic Fibres Historical Market: Breakup by Country (Million Tons), 2018-2023
11. Europe Synthetic Fibres Market Forecast: Breakup by Country (Million Tons), 2024-2032
12. Asia Pacific Synthetic Fibres Historical Market: Breakup by Country (Million Tons), 2018-2023
13. Asia Pacific Synthetic Fibres Market Forecast: Breakup by Country (Million Tons), 2024-2032
14. Latin America Synthetic Fibres Historical Market: Breakup by Country (Million Tons), 2018-2023
15. Latin America Synthetic Fibres Market Forecast: Breakup by Country (Million Tons), 2024-2032
16. Middle East and Africa Synthetic Fibres Historical Market: Breakup by Country (Million Tons), 2018-2023
17. Middle East and Africa Synthetic Fibres Market Forecast: Breakup by Country (Million Tons), 2024-2032
18. North America Historical Price Trends and Forecast 2018-2028
19. Europe Historical Price Trends and Forecast 2018-2028
20. Asia Pacific Historical Price Trends and Forecast 2018-2028
21. Latin America Historical Price Trends and Forecast 2018-2028
22. Middle East and Africa Historical Price Trends and Forecast 2018-2028
23. Global Synthetic Fibres Market Structure

Companies Mentioned

  • Schott Textiles Inc.
  • Mitsubishi Chemical Corporation
  • Reliance Industries Limited
  • Lenzing AG
  • Toray Industries Inc.
  • China Petrochemical Corporation
  • William Barnet and Son LLC

Methodology

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