Synthetic Fibers Market Size, Share & Trends Report

Synthetic Fibers Market Size, Share & Trends Analysis Report By Type (Acrylics, Polyester, Nylon), By Application (Clothing, Home Furnishing, Filtration), By Region, And Segment Forecasts, 2023 - 2030

Report ID: GVR-2-68038-029-3
Number of Pages: 145
Format: Electronic (PDF)

Historical Range: 2018 - 2021
Industry: Specialty & Chemicals

Market Segmentation

Synthetic Fiber Type Outlook (Volume, Kilotons; Revenue, USD Million, 2018 - 2030)
- Polyester
- Nylon
- Acrylics
- Polyolefin
- Others
Synthetic Fiber Application Outlook (Volume, Kilotons; Revenue, USD Million, 2018 - 2030)
- Clothing
- Home Furnishing
- Automotive
- Filtration
- Others
Synthetic Fiber Regional Outlook (Volume, Kilotons; Revenue, USD Million, 2018 - 2030)
- North America
  - North America Synthetic Fiber Type Outlook
    - Polyester
    - Nylon
    - Acrylics
    - Polyolefin
    - Others
  - North America Synthetic Fiber Application Outlook
    - Clothing
    - Home Furnishing
    - Automotive
    - Filtration
    - Others
  - U.S.
    - U.S. Synthetic Fiber Type Outlook
      - Polyester
      - Nylon
      - Acrylics
      - Polyolefin
      - Others
    - U.S. Synthetic Fiber Application Outlook
      - Clothing
      - Home Furnishing
      - Automotive
      - Filtration
      - Others
  - Canada
    - Canada Synthetic Fiber Type Outlook
      - Polyester
      - Nylon
      - Acrylics
      - Polyolefin
      - Others
    - Canada Synthetic Fiber Application Outlook
      - Clothing
      - Home Furnishing
      - Automotive
      - Filtration
      - Others
  - Mexico
    - Mexico Synthetic Fiber Type Outlook
      - Polyester
      - Nylon
      - Acrylics
      - Polyolefin
      - Others
    - Mexico Synthetic Fiber Application Outlook
      - Clothing
      - Home Furnishing
      - Automotive
      - Filtration
      - Others
- Europe
  - Europe Synthetic Fiber Type Outlook
    - Polyester
    - Nylon
    - Acrylics
    - Polyolefin
    - Others
  - Europe Synthetic Fiber Application Outlook
    - Clothing
    - Home Furnishing
    - Automotive
    - Filtration
    - Others
  - Germany
    - Germany Synthetic Fiber Type Outlook
      - Polyester
      - Nylon
      - Acrylics
      - Polyolefin
      - Others
    - Germany Synthetic Fiber Application Outlook
      - Clothing
      - Home Furnishing
      - Automotive
      - Filtration
      - Others
  - U.K.
    - U.K. Synthetic Fiber Type Outlook
      - Polyester
      - Nylon
      - Acrylics
      - Polyolefin
      - Others
    - U.K. Synthetic Fiber Application Outlook
      - Clothing
      - Home Furnishing
      - Automotive
      - Filtration
      - Others
  - France
    - France Synthetic Fiber Type Outlook
      - Polyester
      - Nylon
      - Acrylics
      - Polyolefin
      - Others
    - France Synthetic Fiber Application Outlook
      - Clothing
      - Home Furnishing
      - Automotive
      - Filtration
      - Others
- Asia Pacific
  - Asia Pacific Synthetic Fiber Type Outlook
    - Polyester
    - Nylon
    - Acrylics
    - Polyolefin
    - Others
  - Asia Pacific Synthetic Fiber Application Outlook
    - Clothing
    - Home Furnishing
    - Automotive
    - Filtration
    - Others
  - China
    - China Synthetic Fiber Type Outlook
      - Polyester
      - Nylon
      - Acrylics
      - Polyolefin
      - Others
    - China Synthetic Fiber Application Outlook
      - Clothing
      - Home Furnishing
      - Automotive
      - Filtration
      - Others
  - India
    - India Synthetic Fiber Type Outlook
      - Polyester
      - Nylon
      - Acrylics
      - Polyolefin
      - Others
    - India Synthetic Fiber Application Outlook
      - Clothing
      - Home Furnishing
      - Automotive
      - Filtration
      - Others
  - Taiwan
    - Taiwan Synthetic Fiber Type Outlook
      - Polyester
      - Nylon
      - Acrylics
      - Polyolefin
      - Others
    - Taiwan Synthetic Fiber Application Outlook
      - Clothing
      - Home Furnishing
      - Automotive
      - Filtration
      - Others
- Central & South America
  - Central & South America Synthetic Fiber Type Outlook
    - Polyester
    - Nylon
    - Acrylics
    - Polyolefin
    - Others
  - Central & South America Synthetic Fiber Application Outlook
    - Clothing
    - Home Furnishing
    - Automotive
    - Filtration
    - Others
  - Brazil
    - Brazil Synthetic Fiber Type Outlook
      - Polyester
      - Nylon
      - Acrylics
      - Polyolefin
      - Others
    - Brazil Synthetic Fiber Application Outlook
      - Clothing
      - Home Furnishing
      - Automotive
      - Filtration
      - Others
- Middle East & Africa
  - Middle East & Africa Synthetic Fiber Type Outlook
    - Polyester
    - Nylon
    - Acrylics
    - Polyolefin
    - Others
  - Middle East & Africa Synthetic Fiber Application Outlook
    - Clothing
    - Home Furnishing
    - Automotive
    - Filtration
    - Others

Synthetic Fibers Market Dynamics

Driver: Rising adoption of polyester fiber

The adoption of polyester fiber has been increasing in various industries on account of its advantages, including low cost, exceptional strength and flexibility, and recyclability, thus making it a popular choice in the textile business. It is a synthetic fiber that is created by a chemical reaction between acid and alcohol. Polyester fibers have a wide range of applications, from heavy-duty industry sectors like conveyor belts to garments, contributing to their prominent position in the textile sector. Synthetics are derived from petrochemicals and comprise 62% of all fibers produced, with polyester being used most widely. Polyester is the most widely used fiber worldwide. One of the reasons behind the high adoption rate of this fiber in the textile industry is its low maintenance, particularly in comparison to cotton. Furthermore, the wrinkle-free quality, quick-drying time, and high strength of polyester fibers are driving their popularity in garment applications. Polyester fiber is also frequently used in the production of vehicle carpets, seating fabrics, sides, roofs, floorings, door panels, seatbelts, tires, airbags, air purifiers, fuel filters, insulators, and other components. Furthermore, the recyclability of automobile components made of polyester fiber, as well as the use of polyester in the creation of natural fiber composites, allows the reuse of waste material.

Driver: Expansion of the textile industry

The demand in the textile market is growing rapidly with reduced restrictions post-COVID-19 and several garment manufacturing companies resuming their operational activities. After nearly two years of market instability, the global fashion industry is regaining its foundation. Companies have adopted the shift in consumer needs. The industry is searching for new opportunities that have evolved as a result of the pandemic such as masks and personal protective equipment (PPE). Face masks have become everyone's go-to item, with every country requiring them to be worn at all times. Local businesses, as well as luxury and trendy labels, provided a wide range of options for masks such as surgical masks and cloth masks. Up-cycling in-house fabric scraps and waste materials to make face masks were also popular during the pandemic period. The pandemic also gave rise to the sales of leisurewear, as individuals worked, lived, and played from their homes. Work-from-home is a clothing category that emerged during the pandemic period and is going to be there for a long time. Work from home, at-home exercises, and meditation have created a new normal, resulting in increasing demand for existing in-demand categories. Furthermore, in recent months, individuals have become more committed to leading an active lifestyle, which has resulted in a strong demand for sportswear and loungewear.

Restraint: Increasing crude oil prices

The performance of the polyester market in the first half of 2021 was hampered due to low demand and volatility in petrochemical and crude oil prices. However, the performance improved significantly in the second half of the year. Due to the rising demand for nonwoven and technical textiles, companies in the market increased their focus on exports & specialized products, and a partial shift of demand away from China could help in both volume and profitability growth. Crude oil prices are affected by a number of variables, including increased production from the Organization of Petroleum Exporting Nations (OPEC) and other oil-producing countries, the opening up of economies after the COVID-19 crisis, resulting in higher oil demand, and currency fluctuations.

What Does This Report Include?

This section will provide insights into the contents included in this synthetic fibers market report and help gain clarity on the structure of the report to assist readers in navigating smoothly.

Synthetic fibers market qualitative analysis

Industry overview
Industry trends
Market drivers and restraints
Market size
Growth prospects
Porter’s analysis
PESTEL analysis
Key market opportunities prioritized
Competitive landscape
- Company overview
- Financial performance
- Product benchmarking
- Latest strategic developments

Synthetic fibers market quantitative analysis

Market size, estimates, and forecast from 2018 to 2030
Market estimates and forecast for product segments up to 2030
Regional market size and forecast for product segments up to 2030
Market estimates and forecast for application segments up to 2030
Regional market size and forecast for application segments up to 2030
Company financial performance

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