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Synthetic Fibers Market 2019 – Identify Opportunities and Challenges 2025

The superior chemical, physical and mechanical properties of synthetic fibers are further expected to propel the demand over the forecast period. The Global Synthetic Fiber Market is expected to reach USD 88.5 billion by 2025, according to a new report by Grand View Research, Inc.


In terms of revenue, polyester was the largest segment in 2016 and the trend is anticipated to continue at a growth rate of 6.3% over the forecast period. The useful chemical properties such as resistance to moisture, chemical and abrasion are expected to boost the demand among the consumers over the forecast period.

Polyester has been extensively used in clothing applications on account durability, wrinkle and stain resistance. The polyester when mixed with other synthetic fibers improves the surface appearance as it imparts high luster.

Synthetic fiber is used in various applications, such as clothing, home furnishing, automotive, and filtration, as it imparts useful functional properties including heat and moisture resistance. The increasing spending capability of customers toward purchasing attractive clothing is expected to trigger the demand for various types of synthetic fibers. These factors together are anticipated to boost the demand over the forecast period.

The demand for synthetic fiber will further be driven by the growth in clothing in developed economies including the U.S., Germany, the UK, and France. E. I. du Pont de Nemours and Company announced the addition of two new testing facilities in Brazil and Singapore to test and analyze the performance of fire protective apparels.

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The addition of these facilities will bring the company’s total lab count to five. Other companies in synthetic fiber business are also undergoing expansion on account of increased demand from developed economies.

Key Players of Synthetic Fibers Market:

Key players including Toray Industries, Inc., E. I. du Pont de Nemours and Company, Lenzing AG, Indorama Corporation, Mitsubishi Chemical Holdings Corporation, Reliance Industries Limited, and China Petroleum Corporation have a prominent presence in the global synthetic fiber market.

Market Segmentation of Synthetic Fibers Market:

The Global Synthetic Fiber Market segmented on the basis of Type, Application, and Region.

By Type:

    Polyester
    Nylon
    Acrylics
    Polyolefin

By Application:

    Clothing
    Home Furnishing
    Automotive
    Filtration

By Region:

    North America
    Europe
    Asia Pacific
    Central & South America
    Middle East & Africa

Inquire about Synthetic Fibers Market with Our Experts @ https://www.grandviewresearch.com/inquiry/1354
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