Synthetic fibers are artificial fibers made by using chemical synthesis in a specific laboratory. Two major product is coal and petroleum from which synthetic fibers is derived. Depending on the type of fabric, these chemicals are combined with alcohol and acid, sometimes heated, and then extruded. Synthetic fibers also can be manufacture by using metallic, carbon, or glass fibers.
Synthetic fibers has many advantages such as , lightweight, wash ability, softness, strength, elasticity cost effectiveness and special properties such as wrinkle resistance, moisture resistance, crease recovery and high lustre. This advantages has bring demand for the product for different uses such as clothing, filtration, construction, toys, home furnishing, automotive, differ types of ropes and net manufacturing. Due to increasing number of population urbanization has growing worldwide. Further growing urbanization leads rise in demand for home furnishing which involves synthetic fibers also. The car inside materials utilize engineered fiber for assembling body fabric textures, velour, tweed, velvet and comparable other valuable textures. The car advertise is required to develop by virtue of ascend in numerous half breed and electric vehicles, as the interest for these sorts of vehicles is anticipated to increment over the gauge time frame. Polyester is most usually utilized the material in car texture producing. Lighter car for better proficiency and execution is relied upon to support the interest for improved car insides which thusly is anticipated to result in expanded interest over the estimate time frame.
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Global synthetic fiber market can be segmented on the basis of product type, application, and region. On the basis of product type, global synthetic fiber market segments into acrylic, nylon, polyester, polyolefin, acetate, rayon, aramid, and others. Among all these segments, it is anticipated that nylon will dominate the global synthetic fyber market during the forecast period 2018-26. The Favourable government policy has also contributed in the growth of the demanfd for the global nylon market. The industrial uses of nylon include manufacturing of ropes and nets, tire cord, tarpaulins, hoses, monofilament fishing line, conveyer and seat belts, racket strings airbags, tents, parachutes, sleeping bags, thread and similar other products. On the basis of applications, global synthetic fiber market segments into Home Furnishing, Filtration, Clothing, Automotive and Others. Among all these segments home furnishing is the segment which is projected as leading segment over the forecast period.
It is estimated that Asia Pacific is the fastest-growing region during the forecast period. Asia Pacific has countries with high population such as India and China which lead in increasing demand for products including clothing, home furnishing, automotive, and filtration. Further these goods also results in growing demand for synthetic fibers.
Some of key players identified across the value chain of global synthetic fiber market include DuPont, BASF, W. Barnet GmbH & Co. KG, Toray Industries, Inc., The CHA Textiles Group, Eastman Chemical Company, Mitsubishi Rayon, Asahi KASEI, Radici Group, Jushi Group, and Reliance Industries Limited. These companies are adopting various strategy such as new product development, merger, collaboration etc for getting competitive advantages in the market.
The global synthetic fibers market has been segmented as follows:
Global Synthetic Fibers Market, by Type
Global Synthetic Fibers Market, by Application
- Home Furnishing
Global Synthetic Fibers Market, by Geography
- North America
- Rest of North America
- Rest of Europe
- Asia Pacific
- Rest of Asia Pacific