Market Summary
Research Methodology on Synthetic Fibers Market
Research methodology is a procedure that is used in an organized and systematic way to collect and analyze data to establish facts and reach conclusions. The research methodology used in this research report for the synthetic fibers market was a combination of secondary research and primary research.
Secondary research was used to gather background information on the global synthetic fibers market. Industry reports, market surveys, and secondary data sources such as industry publications, company databases, and government data sources were used for this purpose. This data was used to analyze market trends and ascertain growth for the synthetic fibers market. Secondary research also involved reading industry journals, magazines, and other industry reports to analyze the current and projected trends and developments in the synthetic fibers market.
Primary research was used to gauge the market size of the synthetic fiber market which included interviews with current market players and consumers. Data gathered from primary sources was then corroborated with the secondary research. Primary research involved interviewing renowned market analysts, industry experts, C-level executives, and other stakeholders in the synthetic fibers industry.
Approaches used
The research activities were conducted using a combination of both the “bottom-up” and “top-down” approaches.
The “top-down” approach was adopted to identify major and macro trends influencing the market size from a global point of view. This was achieved by top-down market-sizing estimation based on the current market size in terms of value. The key market trends and developments were identified at regional and global levels and moved gradually towards the country level using secondary and primary research to establish the market size.
The “bottom-up” approach was employed to analyze the market size at the regional and country levels. The total global market size was arrived at by aggregating the country/regional level markets. The key players were identified using the “bottom-up” approach and then the market sizing was conducted.
Factor analysis was used to identify and analyze the key drivers, constraints, opportunities, and trends influencing the global synthetic fibers market. The factor analysis helps in segregating the key elements from the information obtained from the various sources.
Time-series analysis was conducted to analyze the historical market data of the global synthetic fibers market. The time-series analysis helps to track the market performance in terms of value and volume from the year 2023 to 2030.
Data Triangulation
Data triangulation was used in order to fill the gaps and discrepancies in the data. Data triangulation was done from both the demand side and the supply side. The demand side data triangulation involved two approaches:
1) Demand-side value chain triangulation and
2) Demand side primary & secondary triangulation. The supply-side data triangulation involved two approaches) Supply-side primary & secondary triangulation and 2) Supply-side value chain triangulation.
By using this method, data was collected from multiple sources and was cross-checked for accuracy, which helps to bring reliability and validation to the research study.
Data Analysis
The data analysis was conducted to get insights and to investigate the specific needs of the stakeholders. The data was analyzed using graphical and analytical techniques such as Porter’s five forces analysis, PESTEL analysis, SWOT analysis, revenue share analysis, demand-supply gap, market attractiveness, and patents analysis. These tools were used to better understand the competitive dynamic of the global synthetic fibers market.
The various data and information collected from primary and secondary sources were analyzed and validated both qualitatively and quantitatively. The quantitative data obtained was studied and analyzed for dividing the market size into parts such as types, end-users, and regions. The qualitative extract analysis was used to gain insight into the market trends, opportunities, and market dynamics.
Market Size & Forecast
Attribute/Metric | Details |
Market Size 2023 | USD 112.80 Billion |
Market Size 2024 | USD 120.28 Billion |
Market Size 2032 | USD 188.5 Billion |
Compound Annual Growth Rate (CAGR) | 5.78% (2024-2032) |
Base Year | 2023 |
Market Forecast Period | 2024-2032 |
Historical Data | 2018- 2022 |
Market Forecast Units | Value (USD Billion) |
Report Coverage | Revenue Forecast, Market Competitive Landscape, Growth Factors, and Trends |
Segments Covered | Type, Application, and Region |
Geographies Covered | North America, Europe, Asia Pacific, and the Rest of the World |
Countries Covered | The U.S., Canada, German, France, U.K, Italy, Spain, China, Japan, India, Australia, South Korea, and Brazil |
Key Companies Profiled | Lenzing AG, Toyobo Co. Ltd, Bombay Dyeing Inc., Reliance Industries Limited, Toray Chemical Korea, Inc., TEIJIN LIMITED, China Petrochemical Corporation, Mitsubishi Chemical Corporation, DuPont, and Indorama Corporation |
Key Market Opportunities | The rising investments by market players in research and development |
Key Market Dynamics | Increasing consumer demand for cost-effective, durable, easy-to-wash, and maintainable fabrics and the rising applications of synthetic fibers in the textile, industrial, indoor, outdoor, and commercial sector |
Major Players
Synthetic Fibers Type Outlook (USD Billion, 2018-2032)
Polyolefin fibers
Polyester fibers
Carbon fibers
Aramid fibers
UHMWPE fibers
Acrylic fibers
Nylon fibers
Others
Synthetic Fibers Application Outlook (USD Billion, 2018-2032)
Clothing
Home furnishing
Automotive
Aerospace & defense
Filtration
Others
Synthetic Fibers Regional Outlook (USD Billion, 2018-2032)
North America Outlook (USD Billion, 2018-2032)
Synthetic Fibers by Type
Polyolefin fibers
Polyester fibers
Carbon fibers
Aramid fibers
UHMWPE fibers
Acrylic fibers
Nylon fibers
Others
Synthetic Fibers Application Outlook (USD Billion, 2018-2032)
Clothing
Home furnishing
Automotive
Aerospace & defense
Filtration
Others
US Outlook (USD Billion, 2018-2032)
Synthetic Fibers by Type
Polyolefin fibers
Polyester fibers
Carbon fibers
Aramid fibers
UHMWPE fibers
Acrylic fibers
Nylon fibers
Others
Synthetic Fibers Application Outlook (USD Billion, 2018-2032)
Clothing
Home furnishing
Automotive
Aerospace & defense
Filtration
Others
Canada Outlook (USD Billion, 2018-2032)
Synthetic Fibers by Type
Polyolefin fibers
Polyester fibers
Carbon fibers
Aramid fibers
UHMWPE fibers
Acrylic fibers
Nylon fibers
Others
Synthetic Fibers Application Outlook (USD Billion, 2018-2032)
Clothing
Home furnishing
Automotive
Aerospace & defense
Filtration
Others
Europe Outlook (USD Billion, 2018-2032)
Synthetic Fibers by Type
Polyolefin fibers
Polyester fibers
Carbon fibers
Aramid fibers
UHMWPE fibers
Acrylic fibers
Nylon fibers
Others
Synthetic Fibers Application Outlook (USD Billion, 2018-2032)
Clothing
Home furnishing
Automotive
Aerospace & defense
Filtration
Others
Germany Outlook (USD Billion, 2018-2032)
Synthetic Fibers by Type
Polyolefin fibers
Polyester fibers
Carbon fibers
Aramid fibers
UHMWPE fibers
Acrylic fibers
Nylon fibers
Others
Synthetic Fibers Application Outlook (USD Billion, 2018-2032)
Clothing
Home furnishing
Automotive
Aerospace & defense
Filtration
Others
France Outlook (USD Billion, 2018-2032)
Synthetic Fibers by Type
Polyolefin fibers
Polyester fibers
Carbon fibers
Aramid fibers
UHMWPE fibers
Acrylic fibers
Nylon fibers
Others
Synthetic Fibers Application Outlook (USD Billion, 2018-2032)
Clothing
Home furnishing
Automotive
Aerospace & defense
Filtration
Others
UK Outlook (USD Billion, 2018-2032)
Synthetic Fibers by Type
Polyolefin fibers
Polyester fibers
Carbon fibers
Aramid fibers
UHMWPE fibers
Acrylic fibers
Nylon fibers
Others
Synthetic Fibers Application Outlook (USD Billion, 2018-2032)
Clothing
Home furnishing
Automotive
Aerospace & defense
Filtration
Others
Italy Outlook (USD Billion, 2018-2032)
Synthetic Fibers by Type
Polyolefin fibers
Polyester fibers
Carbon fibers
Aramid fibers
UHMWPE fibers
Acrylic fibers
Nylon fibers
Others
Synthetic Fibers Application Outlook (USD Billion, 2018-2032)
Clothing
Home furnishing
Automotive
Aerospace & defense
Filtration
Others
Spain Outlook (USD Billion, 2018-2032)
Synthetic Fibers by Type
Polyolefin fibers
Polyester fibers
Carbon fibers
Aramid fibers
UHMWPE fibers
Acrylic fibers
Nylon fibers
Others
Synthetic Fibers Application Outlook (USD Billion, 2018-2032)
Clothing
Home furnishing
Automotive
Aerospace & defense
Filtration
Others
Rest Of Europe Outlook (USD Billion, 2018-2032)
Synthetic Fibers by Type
Polyolefin fibers
Polyester fibers
Carbon fibers
Aramid fibers
UHMWPE fibers
Acrylic fibers
Nylon fibers
Others
Synthetic Fibers Application Outlook (USD Billion, 2018-2032)
Clothing
Home furnishing
Automotive
Aerospace & defense
Filtration
Others
Asia-Pacific Outlook (USD Billion, 2018-2032)
Synthetic Fibers by Type
Polyolefin fibers
Polyester fibers
Carbon fibers
Aramid fibers
UHMWPE fibers
Acrylic fibers
Nylon fibers
Others
Synthetic Fibers Application Outlook (USD Billion, 2018-2032)
Clothing
Home furnishing
Automotive
Aerospace & defense
Filtration
Others
China Outlook (USD Billion, 2018-2032)
Synthetic Fibers by Type
Polyolefin fibers
Polyester fibers
Carbon fibers
Aramid fibers
UHMWPE fibers
Acrylic fibers
Nylon fibers
Others
Synthetic Fibers Application Outlook (USD Billion, 2018-2032)
Clothing
Home furnishing
Automotive
Aerospace & defense
Filtration
Others
Japan Outlook (USD Billion, 2018-2032)
Synthetic Fibers by Type
Polyolefin fibers
Polyester fibers
Carbon fibers
Aramid fibers
UHMWPE fibers
Acrylic fibers
Nylon fibers
Others
Synthetic Fibers Application Outlook (USD Billion, 2018-2032)
Clothing
Home furnishing
Automotive
Aerospace & defense
Filtration
Others
India Outlook (USD Billion, 2018-2032)
Synthetic Fibers by Type
Polyolefin fibers
Polyester fibers
Carbon fibers
Aramid fibers
UHMWPE fibers
Acrylic fibers
Nylon fibers
Others
Synthetic Fibers Application Outlook (USD Billion, 2018-2032)
Clothing
Home furnishing
Automotive
Aerospace & defense
Filtration
Others
Australia Outlook (USD Billion, 2018-2032)
Synthetic Fibers by Type
Polyolefin fibers
Polyester fibers
Carbon fibers
Aramid fibers
UHMWPE fibers
Acrylic fibers
Nylon fibers
Others
Synthetic Fibers Application Outlook (USD Billion, 2018-2032)
Clothing
Home furnishing
Automotive
Aerospace & defense
Filtration
Others
Rest of Asia-Pacific Outlook (USD Billion, 2018-2032)
Synthetic Fibers by Type
Polyolefin fibers
Polyester fibers
Carbon fibers
Aramid fibers
UHMWPE fibers
Acrylic fibers
Nylon fibers
Others
Synthetic Fibers Application Outlook (USD Billion, 2018-2032)
Clothing
Home furnishing
Automotive
Aerospace & defense
Filtration
Others
Rest of the World Outlook (USD Billion, 2018-2032)
Synthetic Fibers by Type
Polyolefin fibers
Polyester fibers
Carbon fibers
Aramid fibers
UHMWPE fibers
Acrylic fibers
Nylon fibers
Others
Synthetic Fibers Application Outlook (USD Billion, 2018-2032)
Clothing
Home furnishing
Automotive
Aerospace & defense
Filtration
Others
Middle East Outlook (USD Billion, 2018-2032)
Synthetic Fibers by Type
Polyolefin fibers
Polyester fibers
Carbon fibers
Aramid fibers
UHMWPE fibers
Acrylic fibers
Nylon fibers
Others
Synthetic Fibers Application Outlook (USD Billion, 2018-2032)
Clothing
Home furnishing
Automotive
Aerospace & defense
Filtration
Others
Africa Outlook (USD Billion, 2018-2032)
Synthetic Fibers by Type
Polyolefin fibers
Polyester fibers
Carbon fibers
Aramid fibers
UHMWPE fibers
Acrylic fibers
Nylon fibers
Others
Synthetic Fibers Application Outlook (USD Billion, 2018-2032)
Clothing
Home furnishing
Automotive
Aerospace & defense
Filtration
Others
Latin America Outlook (USD Billion, 2018-2032)
Synthetic Fibers by Type
Polyolefin fibers
Polyester fibers
Carbon fibers
Aramid fibers
UHMWPE fibers
Acrylic fibers
Nylon fibers
Others
Synthetic Fibers Application Outlook (USD Billion, 2018-2032)
Clothing
Home furnishing
Automotive
Aerospace & defense
Filtration
Others
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