Global Synthetic Fibers Market Report 2021 – Opportunities And Strategies, Market Forecast And Trends
The Global Synthetic Fibers Market Report by The Business Research Company covers synthetic fibers market drivers and restraints, synthetic fibers market size, major players, and the impact of COVID-19 on the synthetic fibers market.
The synthetic fibers market consists of sales of synthetic fibers. Fibers are man-made textile synthetic fibers which are usually made from natural materials, such as rayon and acetate from cellulose, or regenerated protein synthetic fibers from zein or casein, as well as fully synthetic fibers such as nylon or acrylic synthetic fibers.
Synthetic fiber is used in a broad range of applications including textile industry and home furnishings owing to its physical and chemical properties such as high durability, and stain-resistant characteristics.
The global synthetic fibers market is expected to grow from $108.94 billion in 2020 to $129.87 billion in 2021 at a compound annual growth rate (CAGR) of 19.2%.The growth is mainly due to the companies rearranging their operations and recovering from the COVID-19 impact, which had earlier led to restrictive containment measures involving social distancing, remote working, and the closure of commercial activities that resulted in operational challenges. The market is expected to reach $134.07 billion in 2025 at a CAGR of 1%.
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Some synthetic fibers market trends include increased demand for lightweight and fuel-efficient materials or advanced composite materials is increasing the need for synthetic fibers. Synthetic fibers made from polymer aromatic polyamide are mainly of two types, para aramid and meta aramid. Aramids, UHME polyethylene, and POA are the major types of specialty synthetic fibers. Marine, medical, sporting goods, pressure vessel, and reinforcement materials industries are the significant applications for the specialty synthetic fiber market and growth in these markets is driving the synthetic fibers market.
Global synthetic fibers market segments include:
1) By Type: Polyester, Nylon, Acrylics, Polyolefin, Others.
2) By Application: Clothing, Home Furnishing, Automotive, Filtration, Others.
3) By Distribution Channel: Online, Offline.
By Geography: The market is segmented into North America, South America, Asia-Pacific, Eastern Europe, Western Europe, Middle East and Africa.
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The Synthetic Fibers Global Market Report 2021: COVID 19 Impact and Recovery to 2030 is one of a series of new reports from The Business Research Company that provides synthetic fibers market overviews, analyzes and forecasts market size, share, synthetic fibers market players, synthetic fibers market segments and geographies, market’s leading competitors’ revenues, profiles and market shares.
The synthetic fibers market report identifies top countries and segments for opportunities and strategies based on market trends and leading competitors’ approaches.
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Read Synthetic Fibers Global Market Report 2021: COVID 19 Impact and Recovery to 2030 from The Business Research Company for information on the following:
Data Segmentations: Market Size, Global, By Region And By Country, Historic And Forecast Size, And Growth Rates For The World, 7 Regions And 12 Countries.
Market Players Covered: Bombay Dyeing, E. I. du Pont de Nemours and Company, Indorama Corporation, Lenzing AG, Mitsubishi Chemical Holdings Corporation, Reliance Industries Limited, China Petroleum Corporation (Sinopec Corp.), Teijin Limited, Toray Chemical Korea, Inc., Toyobo Co., Ltd., DuPont, Dow Inc., Toho Tenax.
Regions: Asia-Pacific, China, Western Europe, Eastern Europe, North America, USA, South America, Middle East and Africa.
Countries: Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, UK, USA.
Time Series: Five years historic (2015-20) and ten years forecast (2021-2025-2030)
Other Information And Analyses: SWOT analysis, customer information, market product/service analysis – product examples, trends and opportunities, drivers and restraints, key mergers and acquisitions, suggested trend based strategies, impact of COVID-19 on the market, future outlook and potential analysis, key metrics covered: number of enterprises, number of employees, global market in 2021 – countries offering most new opportunities, conclusions and recommendations by expert analysts.
Sourcing And Referencing: Data and analysis throughout the report are sourced using end notes.
Strategies For Participants In The Synthetic Fibers Industry: The report explains a number of strategies for companies in the market, based on industry trends and company analysis.
Opportunities For Companies In The Synthetic Fibers Sector: The report reveals where the global industry will put on most $ sales up to 2023.
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