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Global Synthetic Fibres Market Size, Trends, Analysis: By Type: Acrylic, Nylon, Polyester, Polyolefin, Acetate, Rayon, Aramid, Viscose, Others; By Application: Apparel, Automotive, Healthcare, Home Furnishing, Aerospace, Others; Regional Analysis; Market Dynamics: SWOT Analysis, Porter’s Five Forces Analysis; Competitive Landscape; 2024-2032
Global Synthetic Fibres Market Outlook
The global synthetic fibres market reached a volume of 85.33 million tons in 2023. The market is further expected to grow at a CAGR of 4.90% in the forecast period of 2024-2032 to reach a volume of 131.33 million tons by 2032.
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The Asia Pacific to Significantly Contribute to the Synthetic Fibres Industry Growth
North America accounted for a significant share in the industry in 2020. The demand and production of synthetic fibres in Latin America and Europe are also high. However, the Asia Pacific is expected to create significant opportunities for the market expansion in the forecast period. This can be attributed to the escalating disposable incomes and the presence of a large population in the region. The growing production and consumption of synthetic fibres in China and India are significantly aiding the industry growth. This is further supported by the rapid urbanisation and rising standards of living in these countries.
Synthetic Fibres: Market Segmentation
Synthetic fibres are man-made fibres produced from petrochemicals. They possess superior properties like strength, elasticity, washability, lightweight, and softness. Further, they are cost-effective in nature and provide additional benefits like high lustre and wrinkle and moisture resistance, among others. They play a crucial role not only in the production of apparels but find uses in various outdoor, indoor, and commercial applications.
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Based on type, the market is divided into:
- Acrylic
- Nylon
- Polyester
- Polyolefin
- Acetate
- Rayon
- Aramid
- Viscose
- Others
The various applications of synthetic fibres include:
- Apparel
- Automotive
- Healthcare
- Home Furnishing
- Aerospace
- Others
The regional markets for the product include North America, Europe, the Asia Pacific, Latin America, and the Middle East and Africa.
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Rapid Advancements in Technology to Bolster the Synthetic Fibres Industry Growth
Synthetic fibres provide many benefits like they do not wrinkle easily and have good elastic properties, which make the apparels comfortable to wear. Further, these fibres are easy to wash, dry up quickly, and can be dyed easily. These fibres are not only used in general textile but are also witnessing increased adoption in the healthcare, aerospace, home furnishing, and automotive industries owing to their cost-effectiveness and durability. Other factors like rapid industrialisation, changing consumer preference, rising standards of living, increasing disposable incomes, changing fashion trends, and thriving retail sector are also boosting the industry growth. Meanwhile, the rapid technological advancements are leading to the improvement in production methods, thus, facilitating the development of synthetic fibres with superior physical, chemical, and mechanical characteristics. The growing focus of manufacturers to incorporate functional changes in synthetic fibres so that they have a little to no hazardous impact on the environment is expected to boost the industry growth in the forecast period.
Key Industry Players in the Global Synthetic Fibres Market
The report gives a detailed analysis of the following key players in the global synthetic fibres market, covering their competitive landscape, capacity, and latest developments like mergers, acquisitions, and investments, expansions of capacity, and plant turnarounds:
- Schott Textiles, Inc.
- Mitsubishi Chemical Corporation
- Reliance Industries Limited
- Lenzing AG
- Toray Industries, Inc.
- China Petrochemical Corporation
- William Barnet and Son, LLC
- Others
The comprehensive EMR report provides an in-depth assessment of the market based on the Porter's five forces model along with giving a SWOT analysis.
Key Highlights of the Report
| REPORT FEATURES | DETAILS |
| Base Year | 2023 |
| Historical Period | 2018-2023 |
| Forecast Period | 2024-2032 |
| Scope of the Report |
Historical and Forecast Trends, Industry Drivers and Constraints, Historical and Forecast Market Analysis by Segment:
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| Breakup by Type |
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| Breakup by Application |
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| Breakup by Region |
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| Market Dynamics |
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| Competitive Landscape |
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| Companies Covered |
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| Report Price and Purchase Option | Explore our purchase options that are best suited to your resources and industry needs. |
| Delivery Format | Delivered as an attached PDF and Excel through email, with an option of receiving an editable PPT, according to the purchase option. |
*At Expert Market Research, we strive to always give you current and accurate information. The numbers depicted in the description are indicative and may differ from the actual numbers in the final EMR report.
1 Preface
2 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 2018-2032
19. Europe Historical Price Trends and Forecast 2018-2032
20. Asia Pacific Historical Price Trends and Forecast 2018-2032
21. Latin America Historical Price Trends and Forecast 2018-2032
22. Middle East and Africa Historical Price Trends and Forecast 2018-2032
23. Global Synthetic Fibres Market Structure
Key Questions Answered in the Report
In 2023, the global synthetic fibres market attained a volume of 85.33 million tons.
The market is projected to grow at a CAGR of 4.90% between 2024 and 2032.
The market is estimated to witness a healthy growth in the forecast period of 2024-2032 to reach 131.33 million tons by 2032.
The major drivers of the industry, such as the rising disposable incomes, increasing population, growing focus on fashion and grooming, rising demand from the developing regions, and growing retail sector, are expected to aid the market growth.
The key market trends guiding the growth of the industry include the growing technological advancements and the improvements in the production of synthetic fibres.
The major regions in the industry are North America, Latin America, the Middle East and Africa, Europe, and the Asia Pacific.
The leading types of synthetic fibres in the market are acrylic, nylon, polyester, polyolefin, acetate, rayon, aramid, and viscose, among others.
The significant application segments in the industry are apparel, automotive, healthcare, home furnishing, and aerospace, among others.
The major players in the industry are Schott Textiles, Inc., Mitsubishi Chemical Corporation, Reliance Industries Limited, Lenzing AG, Toray Industries, Inc., China Petrochemical Corporation, and William Barnet and Son, LLC, among others.
Analyst Review
The global synthetic fibres market attained a volume of 85.33 million tons in 2023, driven by the rising focus on fashion and grooming. Aided by the increasing technological advancements, the market is expected to witness a further growth in the forecast period of 2024-2032, growing at a CAGR of 4.90%. The market is projected to reach 131.33 million tons by 2032.
EMR’s meticulous research methodology delves deep into the market, covering the macro and micro aspects of the industry. By type, the market is segmented into acrylic, nylon, polyester, polyolefin, acetate, rayon, aramid, and viscose, among others. Based on application, the industry is divided into apparel, automotive, healthcare, home furnishing, and aerospace, among others. The major regional markets for synthetic fibres are North America, Europe, the Asia Pacific, Latin America, and the Middle East and Africa. The key players in the above market include Schott Textiles, Inc., Mitsubishi Chemical Corporation, Reliance Industries Limited, Lenzing AG, Toray Industries, Inc., China Petrochemical Corporation, and William Barnet and Son, LLC, among others.
EMR’s research methodology uses a combination of cutting-edge analytical tools and the expertise of their highly accomplished team, thus, providing their customers with market insights that are accurate, actionable, and help them remain ahead of their competition.
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