Synthetic Fiber Market is Estimated to Reach US$ 90,000 Mn in Revenue by 2026 - TMR

News provided by

Jun 18, 2019, 08:00 ET

ALBANY, New York, June 18, 2019 /PRNewswire/ -- Due to the presence of several local and global players, the global synthetic fiber market is highly competitive and fragmented, states an upcoming Transparency Market Research (TMR) report. Some of the prominent players in the global synthetic market include China Petroleum Corporation, Mitsubishi Chemical Holdings, Indorama Corporation, Lenzing AG, and Asahi Kasei Fibers Corporation.

Synthetic fiber are largely used in apparel by textile industry, ever rising demand for apparel is expected to boost the global synthetic fiber market during the forecast period. The report predicts that the global synthetic fiber market may grow at a CAGR 4.10% during the forecast period 2017 to 2026. The global synthetic fiber market is expected to reach a revenue estimation of US$90,000 mn by the end of 2026.

Request a Sample of Global Synthetic Fiber Market: https://www.transparencymarketresearch.com/sample/sample.php?flag=S&rep_id=2075

On the basis of region, Asia Pacific is expected to be dominant in the global synthetic fiber market during the forecast period, however, it excludes Japan. The growth in this region can be attributed ever increasing population. Besides, Asia Pacific excluding Japan, Europe is also projected to remain an impressive market during the forecast period. On the basis of end users, the global synthetic fiber market is segmented into industrial use, home furnishing, apparel, and others. But, the home furnishing sector is projected to register the highest growth due to an ever rising demand for home furnishing products to meet standard of living.

Automotive Sector to Provide Impetus to Growth in Global Synthetic Fiber Market

Lately, there is a growing trend of hybrid and automatic electric vehicles that calls for light weight accessories and internal structure. This, in turn increases the demand for synthetic fiber, owing to substantial growth in the global synthetic fiber market in the upcoming years.

To obtain all-inclusive information on forecast analysis of global market, request a PDF brochure here.

Moreover, increasing demand for men, women, and children clothing to cater to the needs of style statement of young population is expected to increase the sales of synthetic fiber. Synthetic fiber is highly used in protective wear in industrial sector which is likely to create a huge demand for synthetic fiber. Hence, the global synthetic fiber market is expected to grow at a healthy pace in the upcoming years.

Rising Demand for Home Furnishing to Surge Growth in Synthetic Fiber Market

Due to rapid urbanization and changing lifestyles, there is a massive demand for home furnishing linens like blanket, bed covers, sofa covers, curtains, carpets, upholstery, etc. This is projected to be one of the major factors to drive the global synthetic fiber market in the upcoming years.

Request For Discount On This Report: https://www.transparencymarketresearch.com/sample/sample.php?flag=D&rep_id=2075

Additionally, the rising demand for toys and soft toys are expected to fuel the demand for synthetic fiber. Also, synthetic fiber is also used in manufacturing of nets and ropes, which is further likely to propel the demand. Thus, the global synthetic fiber market is projected to observe substantial expansion in the forthcoming years.

Stringent regulations on use of synthetic fibers due to its non-biodegradable feature may dampen the global synthetic fibers market during the forecast period. Nonetheless, the advantages of synthetic fibers such as washability, elasticity, durability, softness, and cost effectiveness are expected to drive the global synthetic fiber market towards a substantial growth during the forthcoming years. Additionally, they possess some special features such as wrinkle resistance, moisture resistance, high lustre, and crease recovery. All these factors are expected to surge the global synthetic fiber market during the forecast period.

Browse Press Release: https://www.transparencymarketresearch.com/pressrelease/specialty-synthetic-fiber.htm

This review is based on the findings of a TMR report titled, 'Synthetic Fiber Market (Synthetic Fiber Type - Polyester, Nylon, Acrylic, and Other Synthetic Fibres; End-Use Industries - Industrial Use, Apparel, Home Furnishing, and Others)) - Global Industry Analysis, Size, Share, Growth, Trends, and Forecast 2017 – 2026.'

The Global Synthetic Fiber Market is segmented into:

Fiber

Polyester
Nylon
Acrylic

End Use Industries

Industrial
Apparel
Home Furnishing

Geography

North America

U.S.
Canada

Europe

Germany
U.K.
France
Italy
Spain
Russia
Rest of the Europe

Asia Pacific

China
Japan
India
Australia & New Zealand
Rest of Asia Pacific

Latin America (LATAM)

Brazil
Mexico
Rest of LATAM

Middle East & Africa

South Africa
Rest of MEA
GCC Countries

Browse Chemicals and Materials Market Research Reports

Popular Research Reports by TMR:

Polybenzimidazole Fiber Market: https://www.transparencymarketresearch.com/polybenzimidazole-fiber-market.html
Bio-soluble Fiber Market: https://www.transparencymarketresearch.com/bio-soluble-fiber-market.html
Polypropylene Fiber Market: https://www.transparencymarketresearch.com/polypropylene-fiber-market.html

About Us:

Transparency Market Research is a next-generation market intelligence provider, offering fact-based solutions to business leaders, consultants, and strategy professionals.

Our reports are single-point solutions for businesses to grow, evolve, and mature. Our real-time data collection methods along with ability to track more than one million high growth niche products are aligned with your aims. The detailed and proprietary statistical models used by our analysts offer insights for making right decision in the shortest span of time. For organizations that require specific but comprehensive information we offer customized solutions through adhoc reports. These requests are delivered with the perfect combination of right sense of fact-oriented problem solving methodologies and leveraging existing data repositories.

TMR believes that unison of solutions for clients-specific problems with right methodology of research is the key to help enterprises reach right decision.

Contact:
Mr. Rohit Bhisey
Transparency Market Research
State Tower
90 State Street
Suite 700
Albany NY - 12207
United States
Tel: +1-518-618-1030
USA - Canada Toll Free: 866-552-3453
Email: [email protected]
Website: http://www.transparencymarketresearch.com
Research Blog: http://www.europlat.org/