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According to the latest research, the global Synthetic Fibers market size was valued at USD 97731.7 million in 2022 and is expected to expand at a CAGR of 6.19% during the forecast period, reaching USD 140126.8 million by 2028.
Synthetic fabrics are textiles made from man-made rather than natural fibers.
Limitations
The barriers to entry in the synthetic fiber market are not
particularly high, but for many producers already in the industry, most of them have raw material cost advantages or labor cost advantages, and they have a large share in the market. For new entrants, fierce market competition cannot be ignored.
Fluctuations in crude oil prices have a greater impact on the development of the synthetic fiber market. Large price fluctuations are not conducive to manufacturers to adjust production capacity and control costs.
The production process of synthetic fibers has an impact on the environment. The government requires enterprises to use environmentally friendly facilities to properly handle pollutants. This will, to a certain extent, eliminate some small manufacturers that have not solved the pollution problem. For larger manufacturers, it will also have certain impact. And international political fluctuations also have a certain impact on the import and export of goods.
Region Overview:
From 2023-2028, China is estimated to witness robust growth prospects.
Company Overview:
Toray Industries Inc. is one of the major players operating in the Synthetic Fibers market, holding a share of 11.62% in 2018.
Segmentation Overview:
Among different product types, PET segment is anticipated to contribute the largest market share in 2028.
Application Overview:
By application, the Apparel segment occupied the biggest share from 2018 to 2022.
This report elaborates on the market size, market characteristics, and market growth of the Synthetic Fibers industry between the year 2018 to 2028, and breaks down according to the product type, downstream application, and consumption area of Synthetic Fibers. The report also introduces players in the industry from the perspective of the value chain and looks into the leading companies.
Key Points this Global Synthetic Fibers Market Report Include:
Market Size Estimates: Synthetic Fibers market size estimation in terms of revenue and sales from 2018-2028
Market Dynamic and Trends: Synthetic Fibers market drivers, restraints, opportunities, and challenges
Macro-economy and Regional Conflict: Influence of global inflation and Russia & Ukraine War on the Synthetic Fibers market
Segment Market Analysis: Synthetic Fibers market revenue and sales by type and by application from 2018-2028
Regional Market Analysis: Synthetic Fibers market situations and prospects in major and top regions and countries
Synthetic Fibers Market
Synthetic Fibers Industry Chain: Synthetic Fibers market raw materials & suppliers, manufacturing process, distributors by region, downstream customers
Synthetic Fibers Industry News, Policies by regions
Synthetic Fibers Industry Porters Five Forces Analysis
Key players in the global Synthetic Fibers market are covered in Chapter 2:
Hengyi Petrochemical Co. Ltd
Hengli Petrochemical Co
Teijin
Alpek
Indorama Ventures
Jiangsu Huaxicun Co., Ltd.
Sinopec
Xinfengming Group Co
Zhejiang Hailide New Material Co. Ltd
TongKun Group Co Ltd
Toray Industries Inc.
Rongsheng Petro Chemical
Reliance Industries Limited
Jiangsu Eastern Shenghong
In Chapter 6 and Chapter 9, on the basis of types, the Synthetic Fibers market from 2018 to 2028 is primarily split into:
PET
Nylon
PP
In Chapter 7 and Chapter 10, on the basis of applications, the Synthetic Fibers market from 2018 to 2028 covers:
Apparel
Home Textile
Industrial Use
Geographically, the detailed analysis of consumption, revenue, market share and growth rate of the following regions from 2018 to 2028 are covered in Chapter 8 and Chapter 11:
United States
Europe
China
Japan
India
Southeast Asia
Latin America
Middle East and Africa
Others
In summary, this report relies on sources from both primary and secondary, combines comprehensive quantitative analysis with detailed qualitative analysis, and pictures the market from a macro overview to micro granular segment aspects. Whatever your role in this industry value chain is, you should benefit from this report with no doubt.
Chapter Outline
This report consists of 12 chapters. Below is a brief guideline to help you quickly grasp the main contents of each chapter:
Chapter 1 first introduces the product overview, market scope, product classification, application, and regional division, and then summarizes the global Synthetic Fibers market size in terms of revenue, sales volume, and average price.
Chapter 2 analyzes the main companies in the Synthetic Fibers industry, including their main businesses, products/services, sales, prices, revenue, gross profit margin, and the latest developments/updates.
Chapter 3 is an analysis of the competitive environment of Synthetic Fibers market participants. This mainly includes the revenue, sales, market share, and average price of the top players, along with the market concentration ratio in 2022 and the players' M&A and expansion in recent years.
Chapter 4 is an analysis of the Synthetic Fibers industrial chain, including raw material analysis, manufacturing cost structure, distributors, and major downstream buyers.
Chapter 5 focuses on Synthetic Fibers market dynamics and marketing strategy analysis, which include opportunities, challenges, industry development trends under inflation, industry news and policies analyzed by region, Porter's Five Forces analysis, as well as direct and indirect marketing, and the development trends of marketing channels.
Chapters 6-8 have segmented the Synthetic Fibers market by type, application, and region, with a focus on sales and value from 2018 to 2023 from both vertical and horizontal perspectives.
Chapters 9-11 provide detailed Synthetic Fibers market forecast data for 2023-2028, broken down by type and application, region, and major countries to help understand future growth trends.
Chapter 12 concludes with an explanation of the data sources and research methods. Verify and analyze through preliminary research to obtain final quantitative and qualitative data.
2022
Synthetic fabrics are textiles made from man-made rather than natural fibers.
Limitations
The barriers to entry in the synthetic fiber market are not
particularly high, but for many producers already in the industry, most of them have raw material cost advantages or labor cost advantages, and they have a large share in the market. For new entrants, fierce market competition cannot be ignored.
Fluctuations in crude oil prices have a greater impact on the development of the synthetic fiber market. Large price fluctuations are not conducive to manufacturers to adjust production capacity and control costs.
The production process of synthetic fibers has an impact on the environment. The government requires enterprises to use environmentally friendly facilities to properly handle pollutants. This will, to a certain extent, eliminate some small manufacturers that have not solved the pollution problem. For larger manufacturers, it will also have certain impact. And international political fluctuations also have a certain impact on the import and export of goods.
Region Overview:
From 2023-2028, China is estimated to witness robust growth prospects.
Company Overview:
Toray Industries Inc. is one of the major players operating in the Synthetic Fibers market, holding a share of 11.62% in 2018.
Segmentation Overview:
Among different product types, PET segment is anticipated to contribute the largest market share in 2028.
Application Overview:
By application, the Apparel segment occupied the biggest share from 2018 to 2022.
This report elaborates on the market size, market characteristics, and market growth of the Synthetic Fibers industry between the year 2018 to 2028, and breaks down according to the product type, downstream application, and consumption area of Synthetic Fibers. The report also introduces players in the industry from the perspective of the value chain and looks into the leading companies.
Key Points this Global Synthetic Fibers Market Report Include:
Market Size Estimates: Synthetic Fibers market size estimation in terms of revenue and sales from 2018-2028
Market Dynamic and Trends: Synthetic Fibers market drivers, restraints, opportunities, and challenges
Macro-economy and Regional Conflict: Influence of global inflation and Russia & Ukraine War on the Synthetic Fibers market
Segment Market Analysis: Synthetic Fibers market revenue and sales by type and by application from 2018-2028
Regional Market Analysis: Synthetic Fibers market situations and prospects in major and top regions and countries
Synthetic Fibers Market
Competitive Landscape
and Major Players: Analysis of 10-15 leading market players, sales, price, revenue, gross, gross margin, product/service profile and recent development/updates, etc.Synthetic Fibers Industry Chain: Synthetic Fibers market raw materials & suppliers, manufacturing process, distributors by region, downstream customers
Synthetic Fibers Industry News, Policies by regions
Synthetic Fibers Industry Porters Five Forces Analysis
Key players in the global Synthetic Fibers market are covered in Chapter 2:
Hengyi Petrochemical Co. Ltd
Hengli Petrochemical Co
Teijin
Alpek
Indorama Ventures
Jiangsu Huaxicun Co., Ltd.
Sinopec
Xinfengming Group Co
Zhejiang Hailide New Material Co. Ltd
TongKun Group Co Ltd
Toray Industries Inc.
Rongsheng Petro Chemical
Reliance Industries Limited
Jiangsu Eastern Shenghong
In Chapter 6 and Chapter 9, on the basis of types, the Synthetic Fibers market from 2018 to 2028 is primarily split into:
PET
Nylon
PP
In Chapter 7 and Chapter 10, on the basis of applications, the Synthetic Fibers market from 2018 to 2028 covers:
Apparel
Home Textile
Industrial Use
Geographically, the detailed analysis of consumption, revenue, market share and growth rate of the following regions from 2018 to 2028 are covered in Chapter 8 and Chapter 11:
United States
Europe
China
Japan
India
Southeast Asia
Latin America
Middle East and Africa
Others
In summary, this report relies on sources from both primary and secondary, combines comprehensive quantitative analysis with detailed qualitative analysis, and pictures the market from a macro overview to micro granular segment aspects. Whatever your role in this industry value chain is, you should benefit from this report with no doubt.
Chapter Outline
This report consists of 12 chapters. Below is a brief guideline to help you quickly grasp the main contents of each chapter:
Chapter 1 first introduces the product overview, market scope, product classification, application, and regional division, and then summarizes the global Synthetic Fibers market size in terms of revenue, sales volume, and average price.
Chapter 2 analyzes the main companies in the Synthetic Fibers industry, including their main businesses, products/services, sales, prices, revenue, gross profit margin, and the latest developments/updates.
Chapter 3 is an analysis of the competitive environment of Synthetic Fibers market participants. This mainly includes the revenue, sales, market share, and average price of the top players, along with the market concentration ratio in 2022 and the players' M&A and expansion in recent years.
Chapter 4 is an analysis of the Synthetic Fibers industrial chain, including raw material analysis, manufacturing cost structure, distributors, and major downstream buyers.
Chapter 5 focuses on Synthetic Fibers market dynamics and marketing strategy analysis, which include opportunities, challenges, industry development trends under inflation, industry news and policies analyzed by region, Porter's Five Forces analysis, as well as direct and indirect marketing, and the development trends of marketing channels.
Chapters 6-8 have segmented the Synthetic Fibers market by type, application, and region, with a focus on sales and value from 2018 to 2023 from both vertical and horizontal perspectives.
Chapters 9-11 provide detailed Synthetic Fibers market forecast data for 2023-2028, broken down by type and application, region, and major countries to help understand future growth trends.
Chapter 12 concludes with an explanation of the data sources and research methods. Verify and analyze through preliminary research to obtain final quantitative and qualitative data.
Years considered for this report:
Historical Years:
2018-2022Base Year:
2022Estimated Year:
2023Forecast Period:
2023-2028Frequently Asked Questions
This market study covers the global and regional market with an in-depth analysis of the overall growth prospects in the market. Furthermore, it sheds light on the comprehensive competitive landscape of the global market. The report further offers a dashboard overview of leading companies encompassing their successful marketing strategies, market contribution, recent developments in both historic and present contexts.
- By product type
- By End User/Applications
- By Technology
- By Region
The report provides a detailed evaluation of the market by highlighting information on different aspects which include drivers, restraints, opportunities, and threats. This information can help stakeholders to make appropriate decisions before investing.
