Synthetic Fiber Market Research: Growth Opportunities by Regions, Types, Applications, Trend Forecast to 2025
14 February 2019 - Global Synthetic
Fiber Market is expected to gain a positive CAGR growth in the forthcoming
period. A synthetic fiber is a chain of smaller units together and each small
unit is a chemical substance blended in a large single unit called a polymer.
More commonly, a synthetic fiber is a man-made fiber most identical to natural
fibers such as cotton, silk or wool. The common types of synthetic fibers
include Rayon, Nylon, Polyester, Acrylic and others. Characteristics of
synthetic fibers account for durability, ready availability, low maintenance,
and less expensive.
Commercially,
the rising importance of synthetic fiber to textile industry is gaining
traction due to higher revenue generation. Features and advantages offered by
synthetic fibers are primary driving factors responsible for the growth of
synthetic fiber market. Also, the shift in fashion trends and lower cost are
some factors contributing to the growth of industry. Additionally, low supply
of cotton as a natural fiber is another factor that adds to the growth of
synthetic fiber market. However, challenges such as environmental concerns,
low-melting point and flammability are some factors that hinder the growth of
synthetic fiber industry.
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Based
on segmentation by product, the synthetic fiber market includes acrylic, nylon,
polyolefin, polyester and acetate. Based on segmentation by application, the
market includes aerospace, medical and automotive.
Geographically,
synthetic fiber market spans North America, Latin America, Europe, Middle-East,
Asia-Pacific and Africa. APAC market is expected to maintain a positive growth
in the forthcoming period with China and India being the prime players in terms
of supplier and consumer as well. North America is expected to gain a
significant share owing to production of high revenue. Europe market is somehow
expected to deliver low CAGR growth owing to low for synthetic fiber
The
key players in the synthetic fiber market include DuPont, BASF, W. Barnet GmbH
& Co KG, Toray Industries Inc, The CHA Textiles Group, Mitsubishi Rayon,
Eastman Chemical Company, Jushi Group, Radici Group and Reliance Industries
Limited.
Market Segment:
This report focuses on the top
manufacturers' Synthetic Fiber capacity, production, value, price and market
share of Synthetic Fiber in global market. The following manufacturers are
covered in this report:
•
Jushi Group
•
Owens Corning
•
Teijin
•
Toho Tenax
•
Toray
•
Akra Polyester
•
ALFA
•
Asahi Kasei Fiber
•
BASF
•
Bayer
•
BP
•
Cydsa
•
Dak America
•
Dupont
Synthetic Fiber Breakdown Data by Type
•
Filament Fiber
•
Staple Fibers
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