DUBLIN--(BUSINESS WIRE)--The "Synthetic Fibers Market Analysis, By Type (Acrylics, Polyester, Nylon, Polyolefin), By Application (Clothing, Home Furnishing, Automotive, Filtration), By Region, And Segment Forecasts, 2014 - 2025" report has been added to ResearchAndMarkets.com's offering.
The global synthetic fiber market is expected to reach USD 88.5 billion by 2025
The superior chemical, physical and mechanical properties of synthetic fibers are further expected to propel the demand over the forecast period.
In terms of revenue, polyester was the largest segment in 2016 and the trend is anticipated to continue at a growth rate of 6.3% over the forecast period. The useful chemical properties such as resistance to moisture, chemical and abrasion are expected to boost the demand among the consumers over the forecast period. Polyester has been extensively used in clothing applications on account durability, wrinkle and stain resistance. The polyester when mixed with other synthetic fibers improves the surface appearance as it imparts high luster.
Synthetic fiber is used in various applications, such as clothing, home furnishing, automotive, and filtration, as it imparts useful functional properties including heat and moisture resistance. The increasing spending capability of customers toward purchasing attractive clothing is expected to trigger the demand for various types of synthetic fibers. These factors together are anticipated to boost the demand over the forecast period.
The demand for synthetic fiber will further be driven by the growth in clothing in developed economies including the U.S., Germany, the UK, and France. E. I. du Pont de Nemours and Company announced the addition of two new testing facilities in Brazil and Singapore to test and analyze the performance of fire protective apparels. The addition of these facilities will bring the company's total lab count to five. Other companies in synthetic fiber business are also undergoing expansion on account of increased demand from developed economies.
Key Topics Covered:
Chapter 1. Methodology and Scope
Chapter 2. Executive Summary
Chapter 3. Synthetic Fibers Market Variables, Trends, and Scope
Chapter 4. Synthetic Fibers Market: Type Estimates & Trend Analysis
Chapter 5. Synthetic Fibers Market: Application Estimates & Trend Analysis
Chapter 6. Synthetic Fiber Market: Regional Estimates & Trend Analysis
Chapter 7. Competitive Landscape
Chapter 8. Company Profiles
- 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.
For more information about this report visit https://www.researchandmarkets.com/research/tkcw9v/global_synthetic?w=4