The Business Research Company’s global market reports are now updated with the latest market sizing information for the year 2023 and forecasted to 2032

the increased usage of synthetic fibers in end-user industries are expected to drive innovation in synthetic fibers manufacturing, thus driving the market during the forecast period.

The global synthetic fibers market is expected to grow from $161.11 billion in 2022 to $174.16 billion in 2023 at a compound annual growth rate (CAGR) of 8.1%. The global synthetic fibers market size is expected to grow from $231.33 billion in 2027 at a CAGR of 7.4%.

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Global Synthetic Fibers Market Segments Include:

• By Type: Polyester, Nylon, Acrylics, Polyolefin, Other Types
• By Application: Clothing, Home Furnishing, Automotive, Filtration, Other Applications
• 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. Among these regions, Asia Pacific is the largest region in the global synthetic fibers market in 2021.

Major Market Players in the synthetic fibers market include Bombay Dyeing, E. I. du Pont de Nemours and Company, Indorama Corporation, Lenzing AG, Mitsubishi Chemical Holdings Corporation.

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 vessels, and reinforcement materials industries are the significant applications for the specialty synthetic fiber market, and growth in these markets is driving the synthetic fiber market. For instance, some of the new products using synthetic fibers include bioplastics, plastic composites/nanocomposites, self-healing polymers, plastic electronics, and smart and reactive polymers.

The Synthetic Fibers Global Market Report 2023  provides a synthetic fibers market overview for the time series: historic years (2010 – 2021) and ten years forecast (2023 – 2032). The synthetic fibers market forecast analyzes synthetic fibers market size, synthetic fibers market share, leading competitor market positions. The regions covered in the report include Asia-Pacific, China, Western Europe, Eastern Europe, North America, USA, South America, Middle East and Africa and the countries include Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, UK, USA.

Synthetic fibers are man-made textiles that are usually made from chemical synthesis materials, such as rayon and acetate from cellulose, or regenerated protein synthetic fibers from zein or casein, as well as fully synthetic fibers.

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