Global Synthetic Fabrics Market Expected to Reach XX Million by 2025
According to a new report published by Reports Monitor titled, “Synthetic Fabrics Market By Type, Property & Applications: Global Opportunity Analysis and Industry Forecast, 2017–2025,” the Synthetic Fabrics Market was valued at XX million in 2016, and is projected to reach at XX million by 2025, growing at a CAGR of XX% from 2017 to 2025. Asia Pacific dominates the Synthetic Fabrics Market, both in terms of volume and value, and is expected to maintain this trend throughout the forecast period.
Synthetic fabrics are man-made materials which are designed using chemicals having superior properties as compared to natural fibers. Through polymerization of different chemical substances these fibers have been created. Synthetic fibers are more reliable, easy to dye, stain-resistant, and lighter. Because of its favorable properties these fibers are widely used in the fashion industry for different applications. Different chemicals are engaged in developing synthetic fabrics include sodium hydroxide and carbon disulfide, which are generally derived from coal, oil, or natural gas.
There is increasing demand for the market in the industries such as fashion & apparel, construction and automotive. The market is growing tremendously due to increase in demand for lighter and high strength material. However, R&D activities on conductive textiles and nanotechnology in textiles are estimated to provide potential growth opportunities. The factors hampering the growth of the market includes environmental concerns and threat from natural substitute.
On the basis of segmentation the market is segmented by type, by application, and by region. On the basis of type of synthetic fibers the market is divided into acetate fabric, acrylic fabric, chiffon fabric, denim fabric, georgette fabric, nylon fabric, polyester fabric, rayon fabric, spandex fabric, viscose fabric, and others. According to the application segment the market is divided into apparel, automotive, construction, healthcare, household, and others.
Key Question Answered:
• What will be the market size in 2025 and at what rate it will grow?
• Who are the major key players in global Synthetic Fabrics market and what are their strategies?
• Which vertical industry is expected to show major growth?
• What segment and region will lead the market and why?
The major companies profiled in the report include: Admiral Sportswear, BASF SE, Bayer AG, BP Amono Plc, Bridgestone Corporation, DuPont (EI) de Nemours, Far Eastern Group, Fila Inc, Sunflag Nigeria Limited, Univex SA.
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