Global Synthetic Fibers Market Trends And Strategies Of Major Players In The Synthetic Fibers Market 2021-2030

The synthetic fibers market consists of sales of synthetic fibers. Fibers are man-made textile synthetic fibers which are usually made from natural materials, such as rayon and acetate from cellulose, or regenerated protein synthetic fibers from zein or casein, as well as fully synthetic fibers such as nylon or acrylic synthetic fibers.

Global Synthetic Fibers Market Size And Drivers:

The global synthetic fibers market is expected to grow from $108.94 billion in 2020 to $129.87 billion in 2021 at a compound annual growth rate (CAGR) of 19.2%. The growth is mainly due to the companies rearranging their operations and recovering from the COVID-19 impact, which had earlier led to restrictive containment measures involving social distancing, remote working, and the closure of commercial activities that resulted in operational challenges. The market is expected to reach $134.07 billion in 2025 at a CAGR of 1%. Polyester is one major fiber used in tires, belts, hoses whereas nylon is used for preparation of carpets. According to a report, by 2030 it is expected that consumption of polyester will be approximately three times to that of the cotton fibre. Thus, the increased usage of synthetic fibers in end-user industries is expected to drive the synthetic fibres market.

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Trends In The Global Synthetic Fibers Market

Increased demand for lightweight and fuel-efficient materials or advanced composite materials is increasing the need for synthetic fibers. Synthetic fibers made from polymer aromatic polyamide are mainly of two types, para-aramid and meta-aramid. Aramids, UHME polyethylene, and POA are the major types of specialty synthetic fibers. Marine, medical, sporting goods, pressure vessel, and reinforcement materials industries are the significant applications for the specialty synthetic fiber market and growth in these markets is driving the synthetic fibers market. For instance, some of the new products using synthetic fibers include bioplastics, plastic composites/nanocomposites, self-healing polymers, plastic electronics and smart and reactive polymers.

Global Synthetic Fibers Market Segments:
The global synthetic fibers market is further segmented –
By Type: Polyester, Nylon, Acrylics, Polyolefin, Others
By Application: Clothing, Home Furnishing, Automotive, Filtration, Others
By Distribution Channel: Online, Offline
By Geography: The global synthetic fibers market is segmented into North America, South America, Asia-Pacific, Eastern Europe, Western Europe, Middle East and Africa.

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Synthetic Fibers Global Market Report 2021 is one of a series of new reports from The Business Research Company that provides synthetic fibers market overviews, analyzes and forecasts market size and growth for the global synthetic fibers market, synthetic fibers market share, synthetic fibers market players, synthetic fibers market segments and geographies, synthetic fibers market’s leading competitors’ revenues, profiles and market shares. The synthetic fibers market report identifies top countries and segments for opportunities and strategies based on market trends and leading competitors’ approaches.