Synthetic Fibers Market Updates by 2031
Synthetic fibers are basically derived from polymers and are considered as man-made fibers. They exhibit advantageous properties such as strength, lightweight, elasticity, washability, cost-effectiveness, softness, and special properties such as wrinkle resistance, crease recovery, moisture resistance, and high luster. Owing to these factors, these fibers are preferred in various applications, including clothing, home furnishing, automotive, construction, filtration, toys, different types of ropes, and net manufacturing. Synthetic fibers manufacturing continues to be a lucrative industry. Since the global supply of natural fibers remains limited, the deficit is fulfilled by the synthetic fibers. Sales of synthetic fibers have picked up steam in recent years, also owing to their expanding application. While natural fiber manufacturing is based on resources obtained from living organisms, synthetic fiber is produced purely by chemical synthesis.
MARKET DYNAMICS
The synthetic fibers market has witnessed a significant growth owing to factors such as wider application construction, automotive, healthcare, apparel, household, and others. The increasing consumer interest, mainly in home furnishings, is spurring the growth in the business segment. The growth in the real estate sector is further fueling the increase in home furnishings. The higher presence of retail stores offering home furnishings is another vital reason driving the synthetic fibers market growth over the forecast period. The demand for polyester fiber is again growing on account of its useful properties, which include abrasion and chemical resistance. The need for polyester is also increasing as affordable synthetic fiber in clothing applications due to the rise in the middle-class population in emerging economies. Consumers highly prefer characteristics, including durability, better stain resistance, softness, and elasticity in their fiber uses, and manufacturers' ability to provide all such properties at lower costs is one of the prime driving factors for the growth of the global synthetic fiber market. However, the synthetic fibers have some disadvantages such as they burn comparatively faster than natural fibers, they melt easily, and also can't be worn for a longer period of time as they are not skin-friendly, which may further hamper the growth of the synthetic fibers market. Nevertheless, with the steady growth in the chemical processing industry and construction industry, there are opportunities for the market players to invest in this market.
MARKET SCOPE
The "Global Synthetic Fibers Market Analysis to 2031" is a specialized and in-depth study of the chemicals and materials industry with a special focus on the global market trend analysis. The report aims to provide an overview of the synthetic fibers market with detailed market segmentation by type, application, and geography. The global synthetic fibers market is expected to witness high growth during the forecast period. The report provides key statistics on the market status of the leading synthetic fibers market players and offers key trends and opportunities in the market.
MARKET SEGMENTATION
The global synthetic fibers market is segmented on the basis of type, application, and distribution channel. On the basis of type, the synthetic fibers market is segmented into polyester, nylon, polyolefin, and others. The synthetic fibers market on the basis of the application is classified into construction, automotive, healthcare, apparel, household, and others.
REGIONAL FRAMEWORK
The report provides a detailed overview of the industry including both qualitative and quantitative information. It provides an overview and forecast of the global synthetic fibers market based on various segments. It also provides market size and forecast estimates from the year 2021 to 2031 with respect to five major regions, namely; North America, Europe, Asia-Pacific (APAC), Middle East and Africa (MEA) and South America. The synthetic fibers market by each region is later sub-segmented by respective countries and segments. The report covers the analysis and forecast of 18 countries globally along with the current trend and opportunities prevailing in the region.
The report analyzes factors affecting the synthetic fibers market from both demand and supply side and further evaluates market dynamics affecting the market during the forecast period i.e., drivers, restraints, opportunities, and future trend. The report also provides exhaustive PEST analysis for all five regions namely; North America, Europe, APAC, MEA, and South America after evaluating political, economic, social and technological factors affecting the synthetic fibers market in these regions.
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The report provides a detailed overview of the industry including both qualitative and quantitative information. It provides an overview and forecast of the global synthetic fibers market based on various segments. It also provides market size and forecast estimates from the year 2021 to 2031 with respect to five major regions, namely; North America, Europe, Asia-Pacific (APAC), Middle East and Africa (MEA) and South America. The synthetic fibers market by each region is later sub-segmented by respective countries and segments. The report covers the analysis and forecast of 18 countries globally along with the current trend and opportunities prevailing in the region.
The report analyzes factors affecting the synthetic fibers market from both demand and supply side and further evaluates market dynamics affecting the market during the forecast period i.e., drivers, restraints, opportunities, and future trend. The report also provides exhaustive PEST analysis for all five regions namely; North America, Europe, APAC, MEA, and South America after evaluating political, economic, social and technological factors affecting the synthetic fibers market in these regions.
MARKET PLAYERS
The reports cover various key developments in the global synthetic fibers market. Various companies are focusing growth strategies such as product launches, product approvals and others such as patents and events. Some of the growth strategies activities witnessed in the market were acquisitions, and partnership & collaborations. These activities have paved way for the expansion of business and customer base of market players. The market payers from synthetic fibers market are anticipated to lucrative growth opportunities in the future with the rising demand for synthetic fibers in the global market. Below mentioned is the list of few companies engaged in the synthetic fibers market.
The report also includes the profiles of key companies along with their SWOT analysis and market strategies in the synthetic fibers market. In addition, the report focuses on leading industry players with information such as company profiles, components, and services offered, financial information of the last 3 years, the key development in the past five years.
- Bombay Dyeing Inc.
- China Petrochemical Corporation
- DowDuPont
- Indorama Corporation
- Lenzing AG
- Mitsubishi Chemical Holdings Corporation
- Reliance Industries Limited
- Teijin Limited
- Toray Chemical Korea, Inc.
- Toyobo Co. Ltd
The Insight Partner's dedicated research and analysis team consist of experienced professionals with advanced statistical expertise and offer various customization options in the existing study.
- Sample PDF showcases the content structure and the nature of the information with qualitative and quantitative analysis.
- Request discounts available for Start-Ups & Universities
Report Coverage
Revenue forecast, Company Analysis, Industry landscape, Growth factors, and Trends
Segment Covered
This text is related
to segments covered.
Regional Scope
North America, Europe, Asia Pacific, Middle East & Africa, South & Central America
Country Scope
This text is related
to country scope.
1. INTRODUCTION
1.1. SCOPE OF THE STUDY
1.2. THE INSIGHT PARTNERS RESEARCH REPORT GUIDANCE
1.3. MARKET SEGMENTATION
1.3.1 Synthetic Fibers Market - By Type
1.3.2 Synthetic Fibers Market - By Application
1.3.3 Synthetic Fibers Market - By Region
1.3.3.1 By Country
2. KEY TAKEAWAYS
3. RESEARCH METHODOLOGY
4. SYNTHETIC FIBERS MARKET LANDSCAPE
4.1. OVERVIEW
4.2. PEST ANALYSIS
4.2.1 North America - Pest Analysis
4.2.2 Europe - Pest Analysis
4.2.3 Asia-Pacific - Pest Analysis
4.2.4 Middle East and Africa - Pest Analysis
4.2.5 South and Central America - Pest Analysis
4.3. EXPERT OPINIONS
5. SYNTHETIC FIBERS MARKET - KEY MARKET DYNAMICS
5.1. KEY MARKET DRIVERS
5.2. KEY MARKET RESTRAINTS
5.3. KEY MARKET OPPORTUNITIES
5.4. FUTURE TRENDS
5.5. IMPACT ANALYSIS OF DRIVERS AND RESTRAINTS
6. SYNTHETIC FIBERS MARKET - GLOBAL MARKET ANALYSIS
6.1. SYNTHETIC FIBERS - GLOBAL MARKET OVERVIEW
6.2. SYNTHETIC FIBERS - GLOBAL MARKET AND FORECAST TO 2028
6.3. MARKET POSITIONING/MARKET SHARE
7. SYNTHETIC FIBERS MARKET - REVENUE AND FORECASTS TO 2028 - TYPE
7.1. OVERVIEW
7.2. TYPE MARKET FORECASTS AND ANALYSIS
7.3. POLYESTER
7.3.1. Overview
7.3.2. Polyester Market Forecast and Analysis
7.4. NYLON
7.4.1. Overview
7.4.2. Nylon Market Forecast and Analysis
7.5. POLYOLEFIN
7.5.1. Overview
7.5.2. Polyolefin Market Forecast and Analysis
7.6. OTHERS
7.6.1. Overview
7.6.2. Others Market Forecast and Analysis
8. SYNTHETIC FIBERS MARKET - REVENUE AND FORECASTS TO 2028 - APPLICATION
8.1. OVERVIEW
8.2. APPLICATION MARKET FORECASTS AND ANALYSIS
8.3. CONSTRUCTION
8.3.1. Overview
8.3.2. Construction Market Forecast and Analysis
8.4. AUTOMOTIVE
8.4.1. Overview
8.4.2. Automotive Market Forecast and Analysis
8.5. HEALTHCARE
8.5.1. Overview
8.5.2. Healthcare Market Forecast and Analysis
8.6. APPAREL
8.6.1. Overview
8.6.2. Apparel Market Forecast and Analysis
8.7. HOUSEHOLD
8.7.1. Overview
8.7.2. Household Market Forecast and Analysis
8.8. OTHERS
8.8.1. Overview
8.8.2. Others Market Forecast and Analysis
9. SYNTHETIC FIBERS MARKET REVENUE AND FORECASTS TO 2028 - GEOGRAPHICAL ANALYSIS
9.1. NORTH AMERICA
9.1.1 North America Synthetic Fibers Market Overview
9.1.2 North America Synthetic Fibers Market Forecasts and Analysis
9.1.3 North America Synthetic Fibers Market Forecasts and Analysis - By Type
9.1.4 North America Synthetic Fibers Market Forecasts and Analysis - By Application
9.1.5 North America Synthetic Fibers Market Forecasts and Analysis - By Countries
9.1.5.1 United States Synthetic Fibers Market
9.1.5.1.1 United States Synthetic Fibers Market by Type
9.1.5.1.2 United States Synthetic Fibers Market by Application
9.1.5.2 Canada Synthetic Fibers Market
9.1.5.2.1 Canada Synthetic Fibers Market by Type
9.1.5.2.2 Canada Synthetic Fibers Market by Application
9.1.5.3 Mexico Synthetic Fibers Market
9.1.5.3.1 Mexico Synthetic Fibers Market by Type
9.1.5.3.2 Mexico Synthetic Fibers Market by Application
9.2. EUROPE
9.2.1 Europe Synthetic Fibers Market Overview
9.2.2 Europe Synthetic Fibers Market Forecasts and Analysis
9.2.3 Europe Synthetic Fibers Market Forecasts and Analysis - By Type
9.2.4 Europe Synthetic Fibers Market Forecasts and Analysis - By Application
9.2.5 Europe Synthetic Fibers Market Forecasts and Analysis - By Countries
9.2.5.1 Germany Synthetic Fibers Market
9.2.5.1.1 Germany Synthetic Fibers Market by Type
9.2.5.1.2 Germany Synthetic Fibers Market by Application
9.2.5.2 France Synthetic Fibers Market
9.2.5.2.1 France Synthetic Fibers Market by Type
9.2.5.2.2 France Synthetic Fibers Market by Application
9.2.5.3 Italy Synthetic Fibers Market
9.2.5.3.1 Italy Synthetic Fibers Market by Type
9.2.5.3.2 Italy Synthetic Fibers Market by Application
9.2.5.4 United Kingdom Synthetic Fibers Market
9.2.5.4.1 United Kingdom Synthetic Fibers Market by Type
9.2.5.4.2 United Kingdom Synthetic Fibers Market by Application
9.2.5.5 Russia Synthetic Fibers Market
9.2.5.5.1 Russia Synthetic Fibers Market by Type
9.2.5.5.2 Russia Synthetic Fibers Market by Application
9.2.5.6 Rest of Europe Synthetic Fibers Market
9.2.5.6.1 Rest of Europe Synthetic Fibers Market by Type
9.2.5.6.2 Rest of Europe Synthetic Fibers Market by Application
9.3. ASIA-PACIFIC
9.3.1 Asia-Pacific Synthetic Fibers Market Overview
9.3.2 Asia-Pacific Synthetic Fibers Market Forecasts and Analysis
9.3.3 Asia-Pacific Synthetic Fibers Market Forecasts and Analysis - By Type
9.3.4 Asia-Pacific Synthetic Fibers Market Forecasts and Analysis - By Application
9.3.5 Asia-Pacific Synthetic Fibers Market Forecasts and Analysis - By Countries
9.3.5.1 Australia Synthetic Fibers Market
9.3.5.1.1 Australia Synthetic Fibers Market by Type
9.3.5.1.2 Australia Synthetic Fibers Market by Application
9.3.5.2 China Synthetic Fibers Market
9.3.5.2.1 China Synthetic Fibers Market by Type
9.3.5.2.2 China Synthetic Fibers Market by Application
9.3.5.3 India Synthetic Fibers Market
9.3.5.3.1 India Synthetic Fibers Market by Type
9.3.5.3.2 India Synthetic Fibers Market by Application
9.3.5.4 Japan Synthetic Fibers Market
9.3.5.4.1 Japan Synthetic Fibers Market by Type
9.3.5.4.2 Japan Synthetic Fibers Market by Application
9.3.5.5 South Korea Synthetic Fibers Market
9.3.5.5.1 South Korea Synthetic Fibers Market by Type
9.3.5.5.2 South Korea Synthetic Fibers Market by Application
9.3.5.6 Rest of Asia-Pacific Synthetic Fibers Market
9.3.5.6.1 Rest of Asia-Pacific Synthetic Fibers Market by Type
9.3.5.6.2 Rest of Asia-Pacific Synthetic Fibers Market by Application
9.4. MIDDLE EAST AND AFRICA
9.4.1 Middle East and Africa Synthetic Fibers Market Overview
9.4.2 Middle East and Africa Synthetic Fibers Market Forecasts and Analysis
9.4.3 Middle East and Africa Synthetic Fibers Market Forecasts and Analysis - By Type
9.4.4 Middle East and Africa Synthetic Fibers Market Forecasts and Analysis - By Application
9.4.5 Middle East and Africa Synthetic Fibers Market Forecasts and Analysis - By Countries
9.4.5.1 South Africa Synthetic Fibers Market
9.4.5.1.1 South Africa Synthetic Fibers Market by Type
9.4.5.1.2 South Africa Synthetic Fibers Market by Application
9.4.5.2 Saudi Arabia Synthetic Fibers Market
9.4.5.2.1 Saudi Arabia Synthetic Fibers Market by Type
9.4.5.2.2 Saudi Arabia Synthetic Fibers Market by Application
9.4.5.3 U.A.E Synthetic Fibers Market
9.4.5.3.1 U.A.E Synthetic Fibers Market by Type
9.4.5.3.2 U.A.E Synthetic Fibers Market by Application
9.4.5.4 Rest of Middle East and Africa Synthetic Fibers Market
9.4.5.4.1 Rest of Middle East and Africa Synthetic Fibers Market by Type
9.4.5.4.2 Rest of Middle East and Africa Synthetic Fibers Market by Application
9.5. SOUTH AND CENTRAL AMERICA
9.5.1 South and Central America Synthetic Fibers Market Overview
9.5.2 South and Central America Synthetic Fibers Market Forecasts and Analysis
9.5.3 South and Central America Synthetic Fibers Market Forecasts and Analysis - By Type
9.5.4 South and Central America Synthetic Fibers Market Forecasts and Analysis - By Application
9.5.5 South and Central America Synthetic Fibers Market Forecasts and Analysis - By Countries
9.5.5.1 Brazil Synthetic Fibers Market
9.5.5.1.1 Brazil Synthetic Fibers Market by Type
9.5.5.1.2 Brazil Synthetic Fibers Market by Application
9.5.5.2 Argentina Synthetic Fibers Market
9.5.5.2.1 Argentina Synthetic Fibers Market by Type
9.5.5.2.2 Argentina Synthetic Fibers Market by Application
9.5.5.3 Rest of South and Central America Synthetic Fibers Market
9.5.5.3.1 Rest of South and Central America Synthetic Fibers Market by Type
9.5.5.3.2 Rest of South and Central America Synthetic Fibers Market by Application
10. INDUSTRY LANDSCAPE
10.1. MERGERS AND ACQUISITIONS
10.2. AGREEMENTS, COLLABORATIONS AND JOIN VENTURES
10.3. NEW PRODUCT LAUNCHES
10.4. EXPANSIONS AND OTHER STRATEGIC DEVELOPMENTS
11. SYNTHETIC FIBERS MARKET, KEY COMPANY PROFILES
11.1. BOMBAY DYEING INC.
11.1.1. Key Facts
11.1.2. Business Description
11.1.3. Products and Services
11.1.4. Financial Overview
11.1.5. SWOT Analysis
11.1.6. Key Developments
11.2. CHINA PETROCHEMICAL CORPORATION
11.2.1. Key Facts
11.2.2. Business Description
11.2.3. Products and Services
11.2.4. Financial Overview
11.2.5. SWOT Analysis
11.2.6. Key Developments
11.3. DOWDUPONT
11.3.1. Key Facts
11.3.2. Business Description
11.3.3. Products and Services
11.3.4. Financial Overview
11.3.5. SWOT Analysis
11.3.6. Key Developments
11.4. INDORAMA CORPORATION
11.4.1. Key Facts
11.4.2. Business Description
11.4.3. Products and Services
11.4.4. Financial Overview
11.4.5. SWOT Analysis
11.4.6. Key Developments
11.5. LENZING AG
11.5.1. Key Facts
11.5.2. Business Description
11.5.3. Products and Services
11.5.4. Financial Overview
11.5.5. SWOT Analysis
11.5.6. Key Developments
11.6. MITSUBISHI CHEMICAL HOLDINGS CORPORATION
11.6.1. Key Facts
11.6.2. Business Description
11.6.3. Products and Services
11.6.4. Financial Overview
11.6.5. SWOT Analysis
11.6.6. Key Developments
11.7. RELIANCE INDUSTRIES LIMITED
11.7.1. Key Facts
11.7.2. Business Description
11.7.3. Products and Services
11.7.4. Financial Overview
11.7.5. SWOT Analysis
11.7.6. Key Developments
11.8. TEIJIN LIMITED
11.8.1. Key Facts
11.8.2. Business Description
11.8.3. Products and Services
11.8.4. Financial Overview
11.8.5. SWOT Analysis
11.8.6. Key Developments
11.9. TORAY CHEMICAL KOREA, INC.
11.9.1. Key Facts
11.9.2. Business Description
11.9.3. Products and Services
11.9.4. Financial Overview
11.9.5. SWOT Analysis
11.9.6. Key Developments
11.10. TOYOBO CO. LTD
11.10.1. Key Facts
11.10.2. Business Description
11.10.3. Products and Services
11.10.4. Financial Overview
11.10.5. SWOT Analysis
11.10.6. Key Developments
12. APPENDIX
12.1. ABOUT THE INSIGHT PARTNERS
12.2. GLOSSARY OF TERMS
1. Bombay Dyeing Inc.
2. China Petrochemical Corporation
3. DowDuPont
4. Indorama Corporation
5. Lenzing AG
6. Mitsubishi Chemical Holdings Corporation
7. Reliance Industries Limited
8. Teijin Limited
9. Toray Chemical Korea, Inc.
10. Toyobo Co. Ltd
The Insight Partners performs research in 4 major stages: Data Collection & Secondary Research, Primary Research, Data Analysis and Data Triangulation & Final Review.
- Data Collection and Secondary Research:
As a market research and consulting firm operating from a decade, we have published many reports and advised several clients across the globe. First step for any study will start with an assessment of currently available data and insights from existing reports. Further, historical and current market information is collected from Investor Presentations, Annual Reports, SEC Filings, etc., and other information related to company’s performance and market positioning are gathered from Paid Databases (Factiva, Hoovers, and Reuters) and various other publications available in public domain.
Several associations trade associates, technical forums, institutes, societies and organizations are accessed to gain technical as well as market related insights through their publications such as research papers, blogs and press releases related to the studies are referred to get cues about the market. Further, white papers, journals, magazines, and other news articles published in the last 3 years are scrutinized and analyzed to understand the current market trends.
- Primary Research:
The primarily interview analysis comprise of data obtained from industry participants interview and answers to survey questions gathered by in-house primary team.
For primary research, interviews are conducted with industry experts/CEOs/Marketing Managers/Sales Managers/VPs/Subject Matter Experts from both demand and supply side to get a 360-degree view of the market. The primary team conducts several interviews based on the complexity of the markets to understand the various market trends and dynamics which makes research more credible and precise.
A typical research interview fulfils the following functions:
- Provides first-hand information on the market size, market trends, growth trends, competitive landscape, and outlook
- Validates and strengthens in-house secondary research findings
- Develops the analysis team’s expertise and market understanding
Primary research involves email interactions and telephone interviews for each market, category, segment, and sub-segment across geographies. The participants who typically take part in such a process include, but are not limited to:
- Industry participants: VPs, business development managers, market intelligence managers and national sales managers
- Outside experts: Valuation experts, research analysts and key opinion leaders specializing in the electronics and semiconductor industry.
Below is the breakup of our primary respondents by company, designation, and region:
Once we receive the confirmation from primary research sources or primary respondents, we finalize the base year market estimation and forecast the data as per the macroeconomic and microeconomic factors assessed during data collection.
- Data Analysis:
Once data is validated through both secondary as well as primary respondents, we finalize the market estimations by hypothesis formulation and factor analysis at regional and country level.
- 3.1 Macro-Economic Factor Analysis:
We analyse macroeconomic indicators such the gross domestic product (GDP), increase in the demand for goods and services across industries, technological advancement, regional economic growth, governmental policies, the influence of COVID-19, PEST analysis, and other aspects. This analysis aids in setting benchmarks for various nations/regions and approximating market splits. Additionally, the general trend of the aforementioned components aid in determining the market's development possibilities.
- 3.2 Country Level Data:
Various factors that are especially aligned to the country are taken into account to determine the market size for a certain area and country, including the presence of vendors, such as headquarters and offices, the country's GDP, demand patterns, and industry growth. To comprehend the market dynamics for the nation, a number of growth variables, inhibitors, application areas, and current market trends are researched. The aforementioned elements aid in determining the country's overall market's growth potential.
- 3.3 Company Profile:
The “Table of Contents” is formulated by listing and analyzing more than 25 - 30 companies operating in the market ecosystem across geographies. However, we profile only 10 companies as a standard practice in our syndicate reports. These 10 companies comprise leading, emerging, and regional players. Nonetheless, our analysis is not restricted to the 10 listed companies, we also analyze other companies present in the market to develop a holistic view and understand the prevailing trends. The “Company Profiles” section in the report covers key facts, business description, products & services, financial information, SWOT analysis, and key developments. The financial information presented is extracted from the annual reports and official documents of the publicly listed companies. Upon collecting the information for the sections of respective companies, we verify them via various primary sources and then compile the data in respective company profiles. The company level information helps us in deriving the base number as well as in forecasting the market size.
- 3.4 Developing Base Number:
Aggregation of sales statistics (2020-2022) and macro-economic factor, and other secondary and primary research insights are utilized to arrive at base number and related market shares for 2022. The data gaps are identified in this step and relevant market data is analyzed, collected from paid primary interviews or databases. On finalizing the base year market size, forecasts are developed on the basis of macro-economic, industry and market growth factors and company level analysis.
- Data Triangulation and Final Review:
The market findings and base year market size calculations are validated from supply as well as demand side. Demand side validations are based on macro-economic factor analysis and benchmarks for respective regions and countries. In case of supply side validations, revenues of major companies are estimated (in case not available) based on industry benchmark, approximate number of employees, product portfolio, and primary interviews revenues are gathered. Further revenue from target product/service segment is assessed to avoid overshooting of market statistics. In case of heavy deviations between supply and demand side values, all thes steps are repeated to achieve synchronization.
We follow an iterative model, wherein we share our research findings with Subject Matter Experts (SME’s) and Key Opinion Leaders (KOLs) until consensus view of the market is not formulated – this model negates any drastic deviation in the opinions of experts. Only validated and universally acceptable research findings are quoted in our reports.
We have important check points that we use to validate our research findings – which we call – data triangulation, where we validate the information, we generate from secondary sources with primary interviews and then we re-validate with our internal data bases and Subject matter experts. This comprehensive model enables us to deliver high quality, reliable data in shortest possible time.
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