Synthetic Fibres Market Size – Global Opportunities & Forecast, 2021-2028

4.7
Synthetic Fibres Market Size – Global Opportunities & Forecast, 2021-2028

The Synthetic Fibres Market analysis foresees a remarkable surge of 3% over the forecast period of seven years. This is because of the user-friendly features su

Start typing here! You can add more paragraphs, images, videos, and more by clicking the icons in the toolbar!

Synthetic Fibres Market

The Synthetic Fibres Market analysis foresees a remarkable surge of 3% over the forecast period of seven years. This is because of the user-friendly features such as strain-resilience, wrinkle-free, economical, and durable.

Request for a FREE Sample Report on Synthetic Fibres Market

Synthetic Fibres Market Dynamics

The increasing production of synthetic fibres has strengthened the growth of the global synthetic fibres market. For example, according to the research report by textile exchange organisation, the production of synthetic fibre was projected to be 111 metric million tonnes in 2019 in contrast to the 66.6 metric million tonnes in 2018. Synthetic fibres offer a better substitute to customers because of their wrinkle and strain free features. This is another factor that will stimulate the market growth. The increase in the production of automotive will stimulate the market growth as it is largely used in seating fibres, airbag, safety belts, and tyres. Individuals these days have become more inclined towards synthetic fibres over cotton clothes because they get wrinkles on them.

However, the rising agitation towards environment such as the indestructibility of synthetic fibres is anticipated to restrain the market growth. Apart from this, synthetic fibres have a low melting point and catch fire faster as compared to natural fibres. Thus, all this together will restrain the market growth.

Product Segment Drivers

Based on the product, the polyester segment is projected to experience a exponential growth over the coming years. This is attributed to the accelerating production of polyester globally. According to the textile exchange organisation, the polyester production was approximated to be nearly 57.7 metric million tonnes in 2019 as compared to 55.1 metric million tonnes in 2018. Further, Rayon will seize a prominent share in the market because of its increasing usage in cords, apparel, hoses, and yarns.

About GMI Research

GMI Research is a market research and consulting firm which provides market insights and intelligence across 12 major sectors helping our clients in making effective investment and business decisions.

Media Contact

Company Name: GMI RESEARCH

Contact Person: Sarah Nash

Email: enquiry@gmiresearch.com

Phone: Europe – +353 1 442 8820; US – +1 860 881 2270

Address: Dublin, Ireland

Website: www.gmiresearch.com

For More Info:

Adipic Acid Market

Oilfield Chemicals Market

Edible Films and Coating Market

Ketones Market

soundproof curtains market