Synthetic fibers can be described as the man-made fibers that are produced with the help of chemical polymerization and the resulting fibers have superior physical and chemical properties and are generally light in weight as compared to the natural fibers. Due to the high number of characteristics and cost effective nature of these fibers, their demand from the various end-users is on the rise.
Global synthetic fibers market is expected to rise from its initial estimated value of USD 57.70 billion in 2018 to an estimated value of USD 93.02 billion by 2026, registering a CAGR of 6.15% in the forecast period of 2019-2026. This rise in market value can be attributed to the rising growth of the applicable industries and the subsequent rise in demand of applications of synthetic fibers.
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Market Drivers and Restraints:
Rise in demand from various end-use industries is expected to drive the market growth
Lower cost and increased amount of features and characteristics as compared to the natural fibers is expected to drive the market growth
Presence of strict regulations regarding the non-biodegradable factor of synthetic fibers is expected to restrain the market growth
Low melting and burning points in comparison to the natural fibers is also expected to restrain the market growth
The major players covered in the Synthetic fibers Market
Few of the major competitors currently working in the synthetic fibers market are DowDuPont, Bombay Dyeing, Indorama Corporation, LENZING AG, Mitsubishi Chemical Holdings Corporation, Reliance Industries Limited, TEIJIN LIMITED, Toray Chemical Korea Inc., TOYOBO CO. LTD., China Petroleum & Chemical Corporation, Asahi Kasei Corporation, Eastman Chemical Company, Tongkun Group Co. Ltd., Kolon Industries Inc., KURARAY CO. LTD., Owens Corning, NAN YA PLASTICS CORPORATION, BASF SE, Akra Polyester, and Radici Partecipazioni SpA.
MAJOR TOC OF THE REPORT
Chapter One: Synthetic fibers Market Overview
Chapter Two: Manufacturers Profiles
Chapter Three: Global Synthetic fibers Market Competition, by Players
Chapter Four: Global Synthetic fibers Market Size by Regions
Chapter Five: North America Synthetic fibers arket Revenue by Countries
Chapter Six: Europe Synthetic fibers arket Revenue by Countries
Chapter Seven: Asia-Pacific Synthetic fibers Market Revenue by Countries
Chapter Eight: South America Synthetic fibers market Revenue by Countries
Key Report Highlights
Comprehensive pricing analysis based on different product types and regional segments
Market size data in terms of revenue and sales volume
Deep insights about regulatory and investment scenarios of the global Synthetic fibers Market
Analysis of market effect factors and their impact on the forecast and outlook of the global Synthetic fibers Market
The detailed assessment of the vendor landscape and leading companies to help understand the level of competition in the Synthetic fibers Market
A roadmap of growth opportunities available in the global Synthetic fibers Market with the identification of key factors
The exhaustive analysis of various trends of the global Synthetic fibers Market to help identify market developments
Key Questions Answered in Report:
What is the key to the Synthetic fibers Market ?
What will the Synthetic fibers Market Demand and what will be Growth?
What are the latest opportunities for Synthetic fibers Market in the future?
What are the strengths of the key players?
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