Synthetic Fibers Market Research Report – Global Forecast to 2023 Industry Survey, Growth, Competitive Landscape and Forecasts to 2023
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Synthetic Fibers Market Research Report – Global Forecast to 2023
Market Overview / Study Objective / Synopsis Synthetic fibers are produced by linking the monomers into polymers through polymerization process. They are four types of the product manufactured in the market namely acrylics, polyester, nylon, and polyolefin synthetic fibers. These products are known for their strength, elasticity, washability, cost-effective nature, and others. The changing fashion trends and improving lifestyle resulting in growing demand for the product are the important factors influencing the market positively. Due to these factors, they are used in various applications such as clothing, home furnishing, automotive, filtration, and others.
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Synthetic Fibers Market Research Report – Global Forecast to 2023
Top 10 Global key Players & Their Strategy
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Bombay Dyeing (India), DuPont (U.S.), Indorama Corporation (Singapore), LENZING AG (Austria), Mitsubishi Chemical Holdings Corporation (Japan), Reliance Industries Limited (India), China Petroleum Corporation (China), TEIJIN LIMITED (Japan), Toray Chemical Korea Inc (South Korea) TOYOBO CO., LTD (Japan) among others
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Synthetic Fibers Market Research Report – Global Forecast to 2023
Segmentation Analysis
The global synthetic fibers market is segregated into the type and application segments. The market by type is classified into acrylics, polyester, nylon, and polyolefin segments. The market by application segment is bifurcated into clothing, home furnishing, automotive, filtration, and others. Regional Analysis The Latin American region is estimated to witness a significant growth in the market due to boundless use of products in textile industries. These materials are estimated to drive the market in the next few years due to their growing use in home furnishing and automotive sectors. Moreover, the Middle East & Africa is anticipated to witness a rapid growth in the market due to extensive consumption of polyester fibers in end-use sectors.
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Synthetic Fibers Market Research Report – Global Forecast to 2023
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