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Synthetic Fibers Global Market Report 2021: COVID 19 Impact and Recovery to 2030

Starting Price : $4000 | Pages : 175 | Published : January 2021 | SKU CODE : 7290 | Format :


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 synthetic fibers such as nylon or acrylic synthetic fibers.

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%.

The synthetic fibers market covered in this report is segmented by type into polyester, nylon, acrylics, polyolefin, others.

Synthetic fiber is used in a broad range of applications including textile industry and home furnishings owing to its physical and chemical properties such as high durability, and stain-resistant characteristics. 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.

Synthetic fibers are non-biodegradable and affect the environment negatively. Fragmention and withering of large synthetic fibers generate microplastics, which affect the ecosystem. Any plastic that is less than 5mm in length is a microplastic. Microplastics act as a medium through which harmful chemicals and micro-organisms enter into a human body easily. According to a recent study that is started by the World Wildlife Fund and conducted by researchers at the University of Newcastle in Australia, it is estimated that people consume around 5 grams of plastic in a week that is similar to a credit card. As a result, governments impose stringent regulations to curb the use of synthetic fibers restraining the growth of the market.

Increased demand for lightweight and fuel-efficient materials or advanced composite materials is increasing the need for synthetic 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 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 synthetic fibers include bioplastics, plastic composites/nanocomposites, self-healing polymers, plastic electronics and smart and reactive polymers.

In June 2018, Americhem, a USA-based manufacturer that manufactures color concentrates, additive concentrates and single pigment dispersions acquired Prescient Color Limited, a subsidiary of Sudarshan Chemical Industries Limited for an undisclosed amount. The acquisition helped Americhem broaden its reach in the global synthetic fiber market. Prescient Color Limited is an India-based Chemicals company and specializes in producing high-end master batches in niche applications including synthetic fibers.

The major players covered in the global synthetic fibers market are Bombay Dyeing, E. I. du Pont de Nemours and Company, Indorama Corporation, Lenzing AG, Mitsubishi Chemical Holdings Corporation, Reliance Industries Limited, China Petroleum Corporation (Sinopec Corp.), Teijin Limited, Toray Chemical Korea, Inc., Toyobo Co., Ltd., DuPont, Dow Inc., Toho Tenax.

The countries covered in the global synthetic fibers market are Brazil, China, France, Germany, India, Indonesia, Japan, South Korea, Russia, UK, USA, Australia.

The regions covered in the global synthetic fibers market are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa.

The global synthetic fibers market is segmented -

1) By Type: Polyester, Nylon, Acrylics, Polyolefin, Others

2) By Application: Clothing, Home Furnishing, Automotive, Filtration, Others

3) By Distribution Channel: Online, Offline

    1. Executive Summary

    2. Synthetic Fibers Market Characteristics

    3. Synthetic Fibers Market Trends And Strategies

    4. Impact Of COVID-19 On Synthetic Fibers

    5. Synthetic Fibers Market Size And Growth

    5.1. Global Synthetic Fibers Historic Market, 2015-2020, $ Billion

    5.1.1. Drivers Of The Market

    5.1.2. Restraints On The Market

    5.2. Global Synthetic Fibers Forecast Market, 2020-2025F, 2030F, $ Billion

    5.2.1. Drivers Of The Market

    5.2.2. Restraints On the Market

    6. Synthetic Fibers Market Segmentation

    6.1. Global Synthetic Fibers Market, Segmentation  By Type, Historic and Forecast, 2015-2020, 2020-2025F, 2030F, $ Billion

    Polyester

    Nylon

    Acrylics

    Polyolefin

    Others

    6.2. Global Synthetic Fibers Market, Segmentation  By Application, Historic and Forecast, 2015-2020, 2020-2025F, 2030F, $ Billion

    Clothing

    Home Furnishing

    Automotive

    Filtration

    Others

    6.3. Global Synthetic Fibers Market, Segmentation  By Distribution Channel, Historic and Forecast, 2015-2020, 2020-2025F, 2030F, $ Billion

    Online

    Offline

    7. Synthetic Fibers Market Regional And Country Analysis

    7.1. Global Synthetic Fibers Market, Split By Region, Historic and Forecast, 2015-2020, 2020-2025F, 2030F, $ Billion

    7.2. Global Synthetic Fibers Market, Split By Country, Historic and Forecast, 2015-2020, 2020-2025F, 2030F, $ Billion

    8. Asia-Pacific Synthetic Fibers Market  

    8.1. Asia-Pacific Synthetic Fibers Market Overview  

    Region Information, Impact Of COVID-19, Market Information, Background Information, Government Initiatives, Regulations, Regulatory Bodies, Major Associations, Taxes Levied, Corporate Tax Structure, Investments, Major Companies

    8.2. Asia-Pacific Synthetic Fibers Market, Segmentation By Type, Historic and Forecast, 2015-2020, 2020-2025F, 2030F, $ Billion

    9. China Synthetic Fibers Market  

    9.1. China Synthetic Fibers Market Overview  

    9.2. China Synthetic Fibers Market, Segmentation By Type, Historic and Forecast, 2015-2020, 2020-2025F, 2030F,$ Billion

    10. India Synthetic Fibers Market  

    10.1. India Synthetic Fibers Market, Segmentation By Type, Historic and Forecast, 2015-2020, 2020-2025F, 2030F, $ Billion

    11. Japan Synthetic Fibers Market  

    11.1. Japan Synthetic Fibers Market, Segmentation By Type, Historic and Forecast, 2015-2020, 2020-2025F, 2030F, $ Billion

    12. Australia Synthetic Fibers Market  

    12.1. Australia Synthetic Fibers Market, Segmentation By Type, Historic and Forecast, 2015-2020, 2020-2025F, 2030F, $ Billion

    13. Indonesia Synthetic Fibers Market  

    13.1. Indonesia Synthetic Fibers Market, Segmentation By Type, Historic and Forecast, 2015-2020, 2020-2025F, 2030F, $ Billion

    14. South Korea Synthetic Fibers Market  

    14.1. South Korea Synthetic Fibers Market, Segmentation By Type, Historic and Forecast, 2015-2020, 2020-2025F, 2030F, $ Billion

    15. Western Europe Synthetic Fibers Market  

    15.1. Western Europe Synthetic Fibers Market Overview

    15.2. Western Europe Synthetic Fibers Market, Segmentation By Type, Historic and Forecast, 2015-2020, 2020-2025F, 2030F, $ Billion

    16. UK Synthetic Fibers Market  

    16.1. UK Synthetic Fibers Market, Segmentation By Type, Historic and Forecast, 2015-2020, 2020-2025F, 2030F, $ Billion

    17. Germany Synthetic Fibers Market  

    17.1. Germany Synthetic Fibers Market, Segmentation By Type, Historic and Forecast, 2015-2020, 2020-2025F, 2030F, $ Billion

    18. France Synthetic Fibers Market  

    18.3. France Synthetic Fibers Market, Segmentation By Type, Historic and Forecast, 2015-2020, 2020-2025F, 2030F, $ Billion

    19. Eastern Europe Synthetic Fibers Market  

    19.1. Eastern Europe Synthetic Fibers Market Overview

    19.2. Eastern Europe Synthetic Fibers Market, Segmentation By Type, Historic and Forecast, 2015-2020, 2020-2025F, 2030F, $ Billion

    20. Russia Synthetic Fibers Market  

    20.1. Russia Synthetic Fibers Market, Segmentation By Type, Historic and Forecast, 2015-2020, 2020-2025F, 2030F, $ Billion

    21. North America Synthetic Fibers Market  

    21.1. North America Synthetic Fibers Market Overview

    21.2. North America Synthetic Fibers Market, Segmentation By Type, Historic and Forecast, 2015-2020, 2020-2025F, 2030F, $ Billion

    22. USA Synthetic Fibers Market  

    22.1. USA Synthetic Fibers Market Overview

    22.2. USA Synthetic Fibers Market, Segmentation By Type, Historic and Forecast, 2015-2020, 2020-2025F, 2030F, $ Billion

    23. South America Synthetic Fibers Market  

    23.1. South America Synthetic Fibers Market Overview

    23.2. South America Synthetic Fibers Market, Segmentation By Type, Historic and Forecast, 2015-2020, 2020-2025F, 2030F, $ Billion

    24. Brazil Synthetic Fibers Market  

    24.1. Brazil Synthetic Fibers Market, Segmentation By Type, Historic and Forecast, 2015-2020, 2020-2025F, 2030F, $ Billion

    25. Middle East Synthetic Fibers Market  

    25.1. Middle East Synthetic Fibers Market Overview

    25.2. Middle East Synthetic Fibers Market, Segmentation By Type, Historic and Forecast, 2015-2020, 2020-2025F, 2030F, $ Billion

    26. Africa Synthetic Fibers Market  

    26.1. Africa Synthetic Fibers Market Overview

    26.2. Africa Synthetic Fibers Market, Segmentation By Type, Historic and Forecast, 2015-2020, 2020-2025F, 2030F, $ Billion

    27. Synthetic Fibers Market Competitive Landscape And Company Profiles

    27.1. Synthetic Fibers Market Competitive Landscape

    27.2. Synthetic Fibers Market Company Profiles

    27.2.1. Bombay Dyeing

    27.2.1.1. Overview

    27.2.1.2. Products and Services

    27.2.1.3. Strategy

    27.2.1.4. Financial Performance

    27.2.2. E. I. du Pont de Nemours and Company

    27.2.2.1. Overview

    27.2.2.2. Products and Services

    27.2.2.3. Strategy

    27.2.2.4. Financial Performance

    27.2.3. Indorama Corporation

    27.2.3.1. Overview

    27.2.3.2. Products and Services

    27.2.3.3. Strategy

    27.2.3.4. Financial Performance

    27.2.4. Lenzing AG

    27.2.4.1. Overview

    27.2.4.2. Products and Services

    27.2.4.3. Strategy

    27.2.4.4. Financial Performance

    27.2.5. Mitsubishi Chemical Holdings Corporation

    27.2.5.1. Overview

    27.2.5.2. Products and Services

    27.2.5.3. Strategy

    27.2.5.4. Financial Performance

    29. Key Mergers And Acquisitions In The Synthetic Fibers Market

    29. Synthetic Fibers Market Future Outlook and Potential Analysis

    30. Appendix

    30.1. Abbreviations

    30.2. Currencies

    30.3. Research Inquiries

    30.4. The Business Research Company

    30.5. Copyright And Disclaimer

List Of Tables

    Table 1: Global Historic Market Growth, 2015-2020, $ Billion
  • Table 2: Global Forecast Market Growth, 2020-2025F, 2030F, $ Billion
  • Table 3: Global Synthetic Fibers Market, Segmentation  By Type, Historic and Forecast, 2015-2020, 2020-2025F, 2030F, $ Billion
  • Table 4: Global Synthetic Fibers Market, Segmentation  By Application, Historic and Forecast, 2015-2020, 2020-2025F, 2030F, $ Billion
  • Table 5: Global Synthetic Fibers Market, Segmentation  By Distribution Channel, Historic and Forecast, 2015-2020, 2020-2025F, 2030F, $ Billion
  • Table 6: Global Synthetic Fibers Market, Split By Region, Historic and Forecast, 2015-2020, 2020-2025F, 2030F, $ Billion
  • Table 7: Global Synthetic Fibers Market, Split By Country, Historic and Forecast, 2015-2020, 2020-2025F, 2030F, $ Billion
  • Table 8: Asia-Pacific, Synthetic Fibers Market, Segmentation By Type, Historic and Forecast, 2015-2020, 2020-2025F, 2030F, $ Billion
  • Table 9: China, Synthetic Fibers Market, Segmentation By Type, Historic and Forecast, 2015-2020, 2020-2025F, 2030F, $ Billion
  • Table 10: India, Synthetic Fibers Market, Segmentation By Type, Historic and Forecast, 2015-2020, 2020-2025F, 2030F, $ Billion
  • Table 11: Japan, Synthetic Fibers Market, Segmentation By Type, Historic and Forecast, 2015-2020, 2020-2025F, 2030F, $ Billion
  • Table 12: Australia, Synthetic Fibers Market, Segmentation By Type, Historic and Forecast, 2015-2020, 2020-2025F, 2030F, $ Billion
  • Table 13: Indonesia, Synthetic Fibers Market, Segmentation By Type, Historic and Forecast, 2015-2020, 2020-2025F, 2030F, $ Billion
  • Table 14: South Korea, Synthetic Fibers Market, Segmentation By Type, Historic and Forecast, 2015-2020, 2020-2025F, 2030F, $ Billion
  • Table 15: Western Europe, Synthetic Fibers Market, Segmentation By Type, Historic and Forecast, 2015-2020, 2020-2025F, 2030F, $ Billion
  • Table 16: UK, Synthetic Fibers Market, Segmentation By Type, Historic and Forecast, 2015-2020, 2020-2025F, 2030F, $ Billion
  • Table 17: Germany, Synthetic Fibers Market, Segmentation By Type, Historic and Forecast, 2015-2020, 2020-2025F, 2030F, $ Billion
  • Table 18: France, Synthetic Fibers Market, Segmentation By Type, Historic and Forecast, 2015-2020, 2020-2025F, 2030F, $ Billion
  • Table 19: Eastern Europe, Synthetic Fibers Market, Segmentation By Type, Historic and Forecast, 2015-2020, 2020-2025F, 2030F, $ Billion
  • Table 20: Russia, Synthetic Fibers Market, Segmentation By Type, Historic and Forecast, 2015-2020, 2020-2025F, 2030F, $ Billion
  • Table 21: North America, Synthetic Fibers Market, Segmentation By Type, Historic and Forecast, 2015-2020, 2020-2025F, 2030F, $ Billion
  • Table 22: USA, Synthetic Fibers Market, Segmentation By Type, Historic and Forecast, 2015-2020, 2020-2025F, 2030F, $ Billion
  • Table 23: South America, Synthetic Fibers Market, Segmentation By Type, Historic and Forecast, 2015-2020, 2020-2025F, 2030F, $ Billion
  • Table 24: Brazil, Synthetic Fibers Market, Segmentation By Type, Historic and Forecast, 2015-2020, 2020-2025F, 2030F, $ Billion
  • Table 25: Middle East, Synthetic Fibers Market, Segmentation By Type, Historic and Forecast, 2015-2020, 2020-2025F, 2030F, $ Billion
  • Table 26: Africa, Synthetic Fibers Market, Segmentation By Type, Historic and Forecast, 2015-2020, 2020-2025F, 2030F, $ Billion
  • Table 27: Bombay Dyeing Financial Performance
  • Table 28: E. I. du Pont de Nemours and Company Financial Performance
  • Table 29: Indorama Corporation Financial Performance
  • Table 30: Lenzing AG Financial Performance
  • Table 31: Mitsubishi Chemical Holdings Corporation Financial Performance

List Of Figures

    Figure 1: Global Historic Market Growth, 2015-2020, $ Billion
  • Figure 2: Global Forecast Market Growth, 2020-2025F, 2030F, $ Billion
  • Figure 3: Global Synthetic Fibers Market, Segmentation  By Type, Historic and Forecast, 2015-2020, 2020-2025F, 2030F, $ Billion
  • Figure 4: Global Synthetic Fibers Market, Segmentation  By Application, Historic and Forecast, 2015-2020, 2020-2025F, 2030F, $ Billion
  • Figure 5: Global Synthetic Fibers Market, Segmentation  By Distribution Channel, Historic and Forecast, 2015-2020, 2020-2025F, 2030F, $ Billion
  • Figure 6: Global Synthetic Fibers Market, Split By Region, Historic and Forecast, 2015-2020, 2020-2025F, 2030F, $ Billion
  • Figure 7: Global Synthetic Fibers Market, Split By Country, Historic and Forecast, 2015-2020, 2020-2025F, 2030F, $ Billion
  • Figure 8: Asia-Pacific, Synthetic Fibers Market, Segmentation By Type, Historic and Forecast, 2015-2020, 2020-2025F, 2030F, $ Billion
  • Figure 9: China, Synthetic Fibers Market, Segmentation By Type, Historic and Forecast, 2015-2020, 2020-2025F, 2030F, $ Billion
  • Figure 10: India, Synthetic Fibers Market, Segmentation By Type, Historic and Forecast, 2015-2020, 2020-2025F, 2030F, $ Billion
  • Figure 11: Japan, Synthetic Fibers Market, Segmentation By Type, Historic and Forecast, 2015-2020, 2020-2025F, 2030F, $ Billion
  • Figure 12: Australia, Synthetic Fibers Market, Segmentation By Type, Historic and Forecast, 2015-2020, 2020-2025F, 2030F, $ Billion
  • Figure 13: Indonesia, Synthetic Fibers Market, Segmentation By Type, Historic and Forecast, 2015-2020, 2020-2025F, 2030F, $ Billion
  • Figure 14: South Korea, Synthetic Fibers Market, Segmentation By Type, Historic and Forecast, 2015-2020, 2020-2025F, 2030F, $ Billion
  • Figure 15: Western Europe, Synthetic Fibers Market, Segmentation By Type, Historic and Forecast, 2015-2020, 2020-2025F, 2030F, $ Billion
  • Figure 16: UK, Synthetic Fibers Market, Segmentation By Type, Historic and Forecast, 2015-2020, 2020-2025F, 2030F, $ Billion
  • Figure 17: Germany, Synthetic Fibers Market, Segmentation By Type, Historic and Forecast, 2015-2020, 2020-2025F, 2030F, $ Billion
  • Figure 18: France, Synthetic Fibers Market, Segmentation By Type, Historic and Forecast, 2015-2020, 2020-2025F, 2030F, $ Billion
  • Figure 19: Eastern Europe, Synthetic Fibers Market, Segmentation By Type, Historic and Forecast, 2015-2020, 2020-2025F, 2030F, $ Billion
  • Figure 20: Russia, Synthetic Fibers Market, Segmentation By Type, Historic and Forecast, 2015-2020, 2020-2025F, 2030F, $ Billion
  • Figure 21: North America, Synthetic Fibers Market, Segmentation By Type, Historic and Forecast, 2015-2020, 2020-2025F, 2030F, $ Billion
  • Figure 22: USA, Synthetic Fibers Market, Segmentation By Type, Historic and Forecast, 2015-2020, 2020-2025F, 2030F, $ Billion
  • Figure 23: South America, Synthetic Fibers Market, Segmentation By Type, Historic and Forecast, 2015-2020, 2020-2025F, 2030F, $ Billion
  • Figure 24: Brazil, Synthetic Fibers Market, Segmentation By Type, Historic and Forecast, 2015-2020, 2020-2025F, 2030F, $ Billion
  • Figure 25: Middle East, Synthetic Fibers Market, Segmentation By Type, Historic and Forecast, 2015-2020, 2020-2025F, 2030F, $ Billion
  • Figure 26: Africa, Synthetic Fibers Market, Segmentation By Type, Historic and Forecast, 2015-2020, 2020-2025F, 2030F, $ Billion
  • Figure 27: Bombay Dyeing Financial Performance
  • Figure 28: E. I. du Pont de Nemours and Company Financial Performance
  • Figure 29: Indorama Corporation Financial Performance
  • Figure 30: Lenzing AG Financial Performance
  • Figure 31: Mitsubishi Chemical Holdings Corporation Financial Performance
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