Synthetic Fibers Market 2019 by Types, New Technologies, Advancements, Key-Players, Business Opportu

Synthetic Fibers Market 2019 by Types, New Technologies, Advancements, Key-Players, Business Opportunities by 2023

PREPARED BY Market Research Future (Part of Wantstats Research & Media Pvt. Ltd.)

Synthetic Fibers Market 2019

Synthetic Fibers Market and their Sales Volume, Value, Competitive Landscape and Recent Developments 2019-2023 Synthetic Fibers Market Current Scenario: Synthetic Fibers are manufactured through polymerization process by liking monomers into polymers. The growth observed in this market was significant over the past seven years. The comprehensive application scope of the synthetic fibres covers clothing, home furnishing, automotive, filtration and others. Clothing’s is the primary market for the synthetic fibres which is largest revenue generating application area in this market.

Key Players for Synthetic Fibers Market: Bombay Dyeing, Dupont, Indorama Corporation, LENZING AG, Mitsubishi Holdings Chemical Corporation, Reliance Industries Limited, TEIJIN LIMITES, Toray Chemicals Korea Inc, China Petroleum Corporation among others are the key industry players in the global decorative coatings market and are profiled in the MRFR analysis.

Get Sample Report on “Synthetic Fibers Market”@ https://www.marketresearchfuture.com/sample_request/5284

2

www.marketresearchfuture.com

Synthetic Fibers Market 2019 Demand for clothing has been raised as a result of economic reforms, rising lifestyle standards, and consistently increasing e-commerce websites. Nylon is among the largest used synthetic fibers in textile as well as automotive sector. Properties associated with it have led to its growing adoption as a result of performance endurance. Clothing segment emerged as largest consumer due to the endless end sue application such as dresses, footwear, for men’s, women’s, and children’s. As per our analysis, the anticipated to have massive growth opportunities over the forthcoming years as a result of the consistently rise in the population as well economic development..

Synthetic Fibers Market- Competitive LandscapesSynthetic Fibers Market is a bit modest in terms of market competition due to high adoption of engineering textile as well as other industries. Emergence of engineering plastic has given push to the production of synthetic fibres and also to the growth of this market. This market consist of large number of global players as well as domination of the China based players who have been enjoying the cost effectiveness. As per our analysis, key players profiled in this market are Bombay Dyeing, Dupont, Indorama Corporation, LENZING AG, Mitsubishi Holdings Chemical Corporation, Reliance Industries Limited, and many of the other players.

Enquiry of the Report: https://www.marketresearchfuture.com/reports/synthetic-fibers-market-5284

3

www.marketresearchfuture.com

Synthetic Fibers Market 2019

Industry/ Innovation/ Related NewsJanuary 1, 2018 – INVIYA announces the textile production capacity expansion in Indian market at their Baddi based plant. The overall capacity is has augmented by10, 000 tones. INVIYA is one of the famous brands of the spandex being produced in India and Asian subcontinent, which has started it's commercial production due to the increasing demand for clothing as well as rising e-commerce. India is one of the dynamic market for the textile production as well as demand and it is the third largest economy for the clothing market. Increased textile production capacity expected to help INVIYA while catering the increasing demand. As per our analysis, it altogether expected to provide better growth opportunities for synthetic fibres in the coming years as a result of the increasing demand for clothing.

December 5, 2017 - Leigh Fibers has announced the acquisition plants of J.E. Herndon. The company is known for sustainable product engineering through manufactured and reprocessed fibers and polymers, which has announced J.E. Herndon Co., which reprocesses textile fibers and by-products primarily connected to the cotton industry. Overall details of this acquisition has not disclosed yet, and the traction is likely to be closed by February 2018. The level of expertise J.E. Herndon Co has built over the course of nine decades, will avail huge benefits for Leigh Fibers while catering additional demand in synthetic fibers segment. • May 27, 2017 – Polyester fiber and plastic producer Shinkong Fibers has announced the capacity expansion of engineering plastic, widely consumed across the end use industries. This capacity expansion will undertake the additional capacity of 50, 000 tons of engineering plastics, which will be largely used in the production of the synthetic fibres. Being a part of China market, as a manufacturer Shinkong Fibers has been serving large base of engineering plastic to the automotive market majorly and then to textile industry as an emerging use of synthetic fibers. Therefore, the company expected to have an additional benefits due to this expansion while catering the growing demand for synthetic fibers Browse Full Report @ https://www.marketresearchfuture.com/reports/synthetic-fibers-market-5284 4

www.marketresearchfuture.com

Synthetic Fibers Market 2019 Segmental AnalysisMRFR’s report includes a segmental analysis of the market based on type and application. On the basis of type, the market has been segmented into polyester, acrylic, nylon, polyolefin, and others. In 2017, the polyester segment accounted for over 67% of the market share.

The segment is expected to remain highly profitable during the assessment period. The growing demand for affordable and high-performance fiber in clothing and home furnishing is partly boosting the demand for polyesterbased synthetic fibers. The nylon segment currently holds the second position and likely to exhibit a healthy CAGR during the review period. Nylon application has increased in manufacturing of products such as nets, tire cords, tarpaulins, hoses, monofilament fishing lines, conveyor belts, seatbelts, tents, and parachutes.

On the basis of application, the market has been segmented into clothing, home furnishing, automotive, filtration, and others. The clothing segment is expected to retain its leading position over 2023. The segment stood at USD 45,102.7 Mn in 2017 and is projected to witness a healthy growth during the assessment period. This can be attributed to the boom of e-commerce and a rise in spending on premium priced clothing.

Synthetic Fiber Market Regional AnalysisThe market has been covered across major regions such as North America, Europe, the Middle East & Africa (MEA), Asia Pacific (APAC) and South America. During the forecast period, the APAC is expected to spearhead the global synthetic fiber market. In 2017, APAC accounted for more than 58% market share.

The market in APAC is anticipated to surpass a valuation of USD 87,800 Mn by the year 2023. The massive population in the region and the high rate of urbanization is likely to drive the growth of the synthetic fiber market in APAC over the next several years.

5

www.marketresearchfuture.com

ABOUT US MARKET RESEARCH FUTURE At Market Research Future (MRFR), we enable our customers to unravel the complexity of various industries through our Cooked Research Report (CRR), Half-Cooked Research Reports (HCRR), Raw Research Reports (3R), Continuous-Feed Research (CFR), and Market Research & Consulting Services.

MRFR team have supreme objective to provide the optimum quality market research and intelligence services to our clients. Our market research studies by products, services, technologies, applications, end users, and market players for global, regional, and country level market segments, enable our clients to see more, know more, and do more, which help to answer all their most important questions.

In order to stay updated with technology and work process of the industry, MRFR often plans & conducts meet with the industry experts and industrial visits for its research analyst members.

For more information kindly visit www.marketresearchfuture.com or contact us at info@marketresearchfuture.com

Copyright Š 2018 Market Research Future

All Rights Reserved. This document contains highly confidential information and is the sole property of Market Research Future. No part of it may be circulated, copied, quoted, or otherwise reproduced without the written approval of Market Research Future.

6

www.marketresearchfuture.com

THANK YOU

MARKET RESEARCH FUTURE salesteam@marketresearchfuture.com Ph: +1-646-845-9349 (US)

Ph: +44 208 133 9349 (UK)

7

www.marketresearchfuture.com