Global
Synthetic
Fiber Market is expected to gain a positive CAGR growth in the
forthcoming period. A synthetic fiber is a chain of smaller units together and
each small unit is a chemical substance blended in a large single unit called a
polymer. More commonly, a synthetic fiber is a man-made fiber most identical to
natural fibers such as cotton, silk or wool. The common types of synthetic
fibers include Rayon, Nylon, Polyester, Acrylic and others. Characteristics of
synthetic fibers account for durability, ready availability, low maintenance,
and less expensive.
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Commercially,
the rising importance of synthetic fiber to textile industry is gaining
traction due to higher revenue generation. Features and advantages offered by
synthetic fibers are primary driving factors responsible for the growth of
synthetic fiber market. Also, the shift in fashion trends and lower cost are
some factors contributing to the growth of industry. Additionally, low supply
of cotton as a natural fiber is another factor that adds to the growth of
synthetic fiber market. However, challenges such as environmental concerns, low-melting
point and flammability are some factors that hinder the growth of synthetic
fiber industry.
Geographically,
synthetic fiber market spans North America, Latin America, Europe, Middle-East,
Asia-Pacific and Africa. APAC market is expected to maintain a positive growth
in the forthcoming period with China and India being the prime players in terms
of supplier and consumer as well. North America is expected to gain a
significant share owing to production of high revenue. Europe market is somehow
expected to deliver low CAGR growth owing to low consumption for synthetic
fiber
The
key players in the synthetic fiber market include DuPont, BASF, W. Barnet GmbH
& Co KG, Toray Industries Inc, The CHA Textiles Group, Mitsubishi Rayon,
Eastman Chemical Company, Jushi Group, Radici Group and Reliance Industries
Limited.
Market Segment:
Geographically, this report is segmented
into several key Regions, with production, consumption, revenue (million USD),
market share and growth rate of Synthetic Fiber in these regions, from 2012 to
2022 (forecast), covering
•
North America
•
Europe
•
China
•
Japan
•
Southeast Asia
•
India
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