Market Research Future Published a Cooked Research Report on Global Synthetic Fibers Market Research Report- Forecast to 2023
Synthetic Fibers Market is Witnessing Signs of Attaining a Valuation for $144,279.9 Mn By 2023
Synthetic fibers can be considered fibers that have been made by human beings following various artificial methods that includes derivation of the natural fibers from several living microorganisms. The process includes chemical synthesis to mark the growth in a substantial way. The process also marks various improvization on the animal and plant-based fibers. This process notes spinnerets that forms fiber from these living organisms.
Polymerization is the process that substantiates the process of synthetic fiber making. It involves the method of combining monomers to form a chain of polymer. The global market for synthetic fibers is expecting a growth, ad claimed by Market Research Future (MRFR), that would surpass USD 144,279.9 Mn valuation between the year 2017and 2023, which can be claimed as the forecast period. The report also provides a possibility for the market achieving a growth by 7.25% CAGR in the same time frame.
Several features like the product being lightweight and durable are creating ample ground for the market to form its own stance in various industrial verticals like the automotive and textile. The demand generated by home furnishing is also expected to make sure that the market grows significantly. However, there are some adverse impacts of the market as well that can bog down the market growth considerably. For instance, the growing eco-awareness that is deterring markets from having significant percolation across industries.
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These companies are Toyobo Co. Ltd, Lenzing AG, Indorama Corporation, Mitsubishi Chemical Holdings Corporation, Bombay Dyeing Inc., China Petrochemical Corporation, Teijin Limited, Toray Chemical Korea, Inc., DowDuPont, and Reliance Industries Limited. The strategic moves like merger, tie-ups, innovation, acquisition, and others are solidifying the claims for these icompanies in an individual ways and also taking the market ahead on a comprehensive way.
Companies taking active part in making the growth for synthetic fiber a comprehensive one. These companies are building the global structure for the market in such a way that it accommodates their structural innovations and offers scope for ample growth. These companies have a profiles incorporated in the market report for the synthetic fibers. MRFR is conducting the research and their adept analysts have included various recent updates that would substantiate the market claims for revenue generation.
The global market report of the synthetic fibers includes type and application as the premise for an in-depth analysis. These are showing significant knowledge regarding the growth of the market, along with an extensive coverage of factors that are set to initiate substantial market growth in the coming years.
By type, the global market report on the synthetic fibers can be segmented into nylon, polyester, acrylic, polyolefin, and others.
By application, the global market for synthetic fibers can be segmented into home furnishing, automotive, clothing, filtration, and others.
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North America and Europe are regions that have substantial automotive sectors. In North America, the industry is undergoing a revamping process and in Europe it has a robust existence as several market players have formed their bases in the region. This has spurred a huge demand for synthetic fibers that can initiate strong growth for the market. On the other hand, the textile industry is showing immense growth opportunities owing to the fast market incorporation of the synthetic fiber materials. High investment capacities of the people in the region is providing mileage to the regional market growth for synthetic fibers.
The Asia Pacific market is witnessing a strong hike in the regional intake of synthetic fibers due to expanding textile market and strong presence of the automotive sector. The latter is burgeoning as several global titans are showing significant interests in exploring the regional possibilities for a better growth in the coming days.
TABLE OF CONTENTS
1 Executive Summary
2 Scope of the Report
2.1 Market Definition
2.2 Scope of the Study
2.2.1 Research Objectives
2.2.2 Assumptions & Limitations
2.3 Markets Structure
3 Market Research Methodology
3.1 Research Process
3.2 Secondary Research
3.3 Primary Research
3.4 Forecast Model
4 Market Landscape
4.1 Porter’s Five Forces Analysis
4.1.1 Threat of New Entrants
4.1.2 Bargaining power of buyers
4.1.3 Threat of substitutes
4.1.4 Segment rivalry
4.2 Value Chain/Supply Chain of Global Synthetic Fibers Market
5 Industry Overview of Global Synthetic Fibers Market
LIST OF FIGURES
FIGURE 1 Global Synthetic Fibers market segmentation
FIGURE 2 Forecast Methodology
FIGURE 3 Five Forces Analysis of Global Synthetic Fibers Market
FIGURE 4 Value Chain of Global Synthetic Fibers Market
FIGURE 5 Share of Global Synthetic Fibers Market in 2017, by country (in %)
FIGURE 6 Global Synthetic Fibers Market, 2017-2023,
FIGURE 7 Sub segments of Type
FIGURE 8 Global Synthetic Fibers Market size by Type, 2017
FIGURE 9 Share of Global Synthetic Fibers Market by Type, 2017 to 2023
FIGURE 10 Global Synthetic Fibers Market size by Application, 2017
FIGURE 11 Share of Global Synthetic Fibers Market by Application, 2017 to 2023
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