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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