Global Synthetic Fiber Market Size will reach 102 Billion by 2028 at 6.9 % CAGR Growth Says: Facts & Factors


New York, United States, Feb. 09, 2022 (GLOBE NEWSWIRE) — “Global Synthetic Fiber Market By Type (Macro Fiber, Micro Fiber) and By Application (Bridges, Roads, Tunnels, Slabs): Global Industry Perspective, Market Size, Statistical Research, Market Intelligence, Comprehensive Analysis, Historical Trends, and Forecasts, 2019–2028” is the title of the latest analysis report that Facts and Factors has recently added to their research database.

“Recent research shows that the demand analysis of he global synthetic fiber market is expected to reach a projected value of USD 102 Billion by 2028 growing at a CAGR of 6.9% from an initial value of USD 63.2 Billion in the year 2021.”

Synthetic fibers are fibers that are human-made through chemical synthesis and do not have to be dependent on animals or plants for the extraction of the fiber. As these fibers are designed or developed through machines, they are called artificial fibers. Mostly these synthetic fibers are strong and durable, washable, lightweight and are easy to dye. These synthetic fibers are used in various applications such as clothing, constructions, home furnishing, net manufacturing. 

The demand for fiber reinforced concrete is also expected to increase by the existing and emerging applications, through innovative industrial practices and also due to the competitive costs for other alternative materials. This low-weighted concrete is suitable in the production of various products and structures such as building and construction, transportation infrastructure, mining, and tunnels.

Global Synthetic Fiber Market Coverage & Overview: 

There is a huge demand for synthetic fibers from the countries of the European region like France and Germany as these countries are going through continuous development of commercial and residential sectors. 

These countries demand fiber-engineered concrete that can be reliable for their modern infrastructure. But this demand comes with huge spending as the operating cost for the synthetic fibers is too high and this expensive process is restricting the growth of the synthetic fiber market. But this synthetic fiber market has great opportunities to grow in the coming years across the Gulf Countries due to its increasing demand for housing projects. The Gulf countries do not have any favorable climate due to which they have to rely on synthetic fiber and being a developing economy can purchase this costly synthetic fiber.

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Our Free Sample Report Consists of the Following:

  •  Introduction, Overview, and in-depth industry analysis are all included in the 2021 updated report.
  •  The COVID-19 Pandemic Outbreak Impact Analysis is included in the package
  •  About 175+ Pages Research Report (Including Recent Research)
  •  Provide detailed chapter-by-chapter guidance on Request
  •  Updated Regional Analysis with Graphical Representation of Size, Share, and Trends for the Year 2021
  •  Includes Tables and figures have been updated
  •  The most recent version of the report includes the Top Market Players, their Business Strategies, Sales Volume, and Revenue Analysis 
  •  Facts and Factors research methodology

(Please note that the sample of this report has been modified to include the COVID-19 impact study prior to delivery.)

Major Market Players

  • Bombay Dyeing
  • E. I. du Pont de Nemours & Company
  • Lenzing AG
  • Mitsubishi Chemical Holdings Corp
  • Reliance Industries Inc.
  • China Petroleum Corp
  • Telijn Ltd.
  • Toray Chemical Korea Inc.
  • Toyobo Co. Ltd
  • W. Barnet GmbH & Co. KG
  • The CHA Textiles Group
  • Eastman Chemical Company

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Key questions answered in this report:

  •  What is the size of the Global Synthetic Fiber market and what is its expected growth rate?
  •  What are the primary driving factors that push the Global Synthetic Fiber market forward?
  •  What are the Global Synthetic Fiber Industry’s top companies?
  •  What are the different categories that the Global Synthetic Fiber market caters to?
  •  What will be the fastest-growing segment or region?
  •  In the value chain, what role do essential players play?
  •  What is the procedure for getting a free copy of the Global Synthetic Fiber market sample report and company profiles?

Key Offerings:

  •  Market Share, Size & Forecast by Revenue | 2021−2028
  •  Market Dynamics – Growth Drivers, Restraints, Investment Opportunities, and Leading Trends
  •  Market Segmentation – A detailed analysis by Type, by Deployment, by Component, by Application, and by Region
  •  Competitive Landscape – Top Key Vendors and Other Prominent Vendors

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 Global Synthetic Fiber Market: Growth Factors

The global synthetic fiber market is expected to be occupied by contributing factors that can be credited to rising consumer demands for cost-effective, durable, and easy-to-wash fabrics coupled with the latter fibers being procured with added benefits such as excellent chemical resistance, increased mechanical and physical properties, and rising strength and softness qualities to name a few. Additionally, these fibers are often integrated into clothing, home furnishing, filtration, and automotive and others coupled with changing fashion trends will increase the footprint of the global synthetic fiber market during the advent of the forecast period.

The global synthetic fiber market will be driven by lowered costs of synthetic fibers coupled with decreased supply of natural fibers to name a few. Rising focus on research and development activities coupled with lowering environmental impacts of synthetic fibers will boost the growth of the global synthetic fiber market during the advent of the forecast period. However, volatility in oil prices and rising regulatory measures imposed by various global bodies will decrease the market share of the global synthetic fiber market during the advent of the forecast period.

 Global Synthetic Fiber Market: Report Scope

Report Attribute Details
Market Size in 2021 USD 63.2 Billion
Projected Market Size in 2028 USD 102 Billion
CAGR Growth Rate 6.9% CAGR
Base Year 2020
Forecast Years 2021-2028
Key Market Players Bombay Dyeing, E. I. du Pont de Nemours & Company, Lenzing AG, Mitsubishi Chemical Holdings Corp, Reliance Industries, Inc., China Petroleum Corp, Telijn Ltd., Toray Chemical Korea, Inc., Toyobo Co. Ltd, W. Barnet GmbH & Co. KG, The CHA Textiles Group, and Eastman Chemical Company, among others.
Key Segment By Type, By Deployment, By Component, By Application, and By Region
Major Regions Covered North America, Europe, Asia Pacific, Latin America, and the Middle East & Africa
Purchase Options Request customized purchase options to meet your research needs. Explore purchase options

Synthetic Fiber Market: Regional Analysis

Asia-Pacific is expected to witness the largest market share during the advent of the forecast period owing to rising production of synthetic fibers such as polyester, nylon, acrylics, and others from the emerging economies such as China and India coupled with increasing population to name a few. 

Additionally, rising demand for home furnishing products coupled with increased penetration of key market players will increase the footprint of the synthetic fiber market during the advent of the forecast period. North America is expected to occupy a substantial market share during the advent of the forecast owing to a well-established clothing sector coupled with a rising presence for online shopping platforms to name a few.

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The key players of the Synthetic Fibers Market are as follows:

  •  Sika
  •  BASF
  •  GCP
  •  Barchip
  •  Forta
  •  Fabpro
  •  Nycon
  •  Euclid Chemicals

This report segments the Synthetic Fiber market as follows:

Global Synthetic Fiber Market: By Type Segment Analysis

  •  Type
    •  Macro Fiber
    •  Micro Fiber

Global Synthetic Fiber Market: By Application Segment Analysis

  •  Bridges
  •  Roads
  •  Tunnels
  •  Slabs

Global Synthetic Fiber Market: Regional Segment Analysis

  •  North America
    •  U.S.
    •  Canada
  •  Europe
    •  Germany
    •  France
    •  UK
    •  Italy
    •  Spain
    •  Rest of Europe
  •  Asia Pacific
    •  China
    •  Japan
    •  India
    •  South Korea
    •  South-East Asia
    •  Rest of Asia Pacific
  •  Latin America
    •  Brazil
    •  Mexico
    •  Rest of Latin America
  •  The Middle-East and Africa
    •  GCC Countries
    •  South Africa
    •  Rest of Middle-East Africa

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