Synthetic Fibers Market - Global Industry Insights, Trends, Outlook, and Opportunity Analysis, 2018-2026
Synthetic fibers are man-made fibers produced from petrochemicals, which possess qualities such as strength, durability, and elasticity. Synthetic fibers in comparison with natural fibers possess superior properties. They are water and stain resistant and also cost-effective. Synthetic fibers have a wide variety of uses in commercial, industrial, outdoor, and indoor applications along with apparels. Synthetic fibers can be dried easily, easier to wash, and has good elasticity, which makes it comfortable to wear. Request For Sample Copy of this Research Report : https://www.coherentmarketinsights.com/insight/request-sample/919 The demand for synthetic fibers is expected to grow throughout the globe, owing to the increased demand for safe, lightweight, and high strength materials in aerospace, automobile, and textile industries. Moreover, the demand for low fuel consuming and low carbon emitting vehicles is expected to further surge the global market of synthetic fibers. Advancements in research and development of green bio fibers and green synthetic fibers are further boosting the growth of the global market of synthetic fibers. However, the tendency of the synthetic fiber to melt and burn easily as compared to natural fiber is one of the major drawbacks of the synthetic fiber market throughout the globe. Stringent government regulations and growing environmental concerns are acting as another restraint for the global synthetic fiber market. Synthetic Fibers market outlook: Asia pacific is expected to be the fastest growing region in synthetic fibers market over the forecast period, owing to the presence of the world’s most populated economies such as India and China. The growth in the economy of the region has increased the per capita income of consumers, which in turn is adding to the demand for apparels in the region. Moreover, industrialization has further propelled the construction industry in the region, which is a major factor driving the growth of synthetic fibers market. The various end-use industries of synthetic fibers such as the automotive and aerospace is developing at an augmented pace in the region