Engineered Fibers Market – Industry Insights, Trends and Growth Opportunity Analysis to 2030
The global engineered fibers market was valued at USD 12.03 billion in 2024 and is projected to reach USD 16.68 billion by 2030, expanding at a CAGR of 5.6% from 2025 to 2030. Growth in this market is largely driven by the superior performance attributes of engineered fibers, which include high strength, durability, flexibility, resistance to moisture, and chemical resilience. These features make engineered fibers highly desirable across a broad range of industries where traditional materials fail to deliver the required balance of performance, weight reduction, and longevity. A key driver of market growth is technological innovation. The industry is witnessing rapid adoption of advanced fiber solutions such as bio-based and biodegradable synthetic fibers, which are aligned with global efforts to reduce environmental impact and reliance on petroleum-based materials. Additionally, nanofiber technologies are enabling the development of lightweight yet highly functio...