Synthetic Fiber Market
PUBLISHED: 2025 ID: SMRC28417
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Synthetic Fiber Market

Synthetic Fiber Market Forecasts to 2030 - Global Analysis By Fiber Type (Polyester, Nylon, Acrylic, Polypropylene, Polyethylene, Spandex and Other Fiber Types), Fiber Form, Production Technology, End User and By Geography

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4.2 (20 reviews)
Published: 2025 ID: SMRC28417

This report covers the impact of COVID-19 on this global market
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Years Covered

2022-2030

Estimated Year Value (2024)

US $79.12 BN

Projected Year Value (2030)

US $135.64 BN

CAGR (2024- 2030)

9.4%

Regions Covered

North America, Europe, Asia Pacific, South America, and Middle East & Africa

Countries Covered

US, Canada, Mexico, Germany, UK, Italy, France, Spain, Japan, China, India, Australia, New Zealand, South Korea, Rest of Asia Pacific, South America, Argentina, Brazil, Chile, Middle East & Africa, Saudi Arabia, UAE, Qatar, and South Africa

Largest Market

Asia Pacific

Highest Growing Market

North America


According to Stratistics MRC, the Global Synthetic Fiber Market is accounted for $79.12 billion in 2024 and is expected to reach $135.64 billion by 2030 growing at a CAGR of 9.4% during the forecast period. Synthetic fibers are man-made fibers produced through chemical processes, primarily using petrochemicals like polyester, nylon, acrylic, and spandex. These fibers are engineered to mimic natural fibers but often offer enhanced properties such as durability, elasticity, water resistance, and affordability. Synthetic fibers are widely used in textiles, automotive, construction, and medical industries due to their adaptability and performance under various conditions. Unlike natural fibers, they are less susceptible to shrinkage, wrinkles, and pests, making them highly versatile and practical in diverse applications.

Market Dynamics: 

Driver: 

Growing demand from the textile industry

Textiles frequently use synthetic fibers like polyester, nylon, and acrylic because of their affordability, adaptability, and durability. These fibers are perfect for producing a wide variety of goods, such as industrial textiles, upholstery, apparel, and home furnishings. The usage of synthetic fibers is further supported by the fast-paced production cycles of the global fashion industry and rising consumer demand for reasonably priced, long-lasting apparel. Furthermore, synthetic fibers are better than natural ones because of their resilience to moisture, light weight, and ease of maintenance. The growth of the textile industry keeps driving the need for synthetic fibers around the world due to increased urbanization and disposable incomes.

Restraint:

Volatility in raw material prices

Production costs are directly impacted by changes in the price of crude oil, which are caused by supply-demand mismatches, geopolitical conflicts, and economic concerns. These erratic raw material costs make it difficult for manufacturers to maintain steady pricing and profit margins. Furthermore, pressure on the manufacture of synthetic fiber is increased by growing international initiatives to lessen dependency on fossil fuels and embrace sustainable alternatives. In addition to affecting market stability, this volatility forces manufacturers to investigate recycled and bio-based materials, which may present technological difficulties and greater upfront costs.

Opportunity:

Rising disposable income and urbanization

The need for affordable and adaptable textiles for apparel, home furnishings, and industrial applications is growing as urban populations rise. This need is met by synthetic fibers such as nylon, polyester, and acrylic, which provide affordable, long-lasting, and low-maintenance options. Consumers with more discretionary income might spend more on lifestyle and fashion items, such as clothing made of synthetic fibers and home furnishings. Urbanization also promotes the development of infrastructure, which increases the usage of synthetic fibers in the automobile and construction industries. All of these socioeconomic factors work together to support the increasing use of synthetic fibers in a variety of international sectors.

Threat:

Competition from natural fibers

Natural fibers like cotton, wool, and silk are appreciated by ecologically conscious consumers due to their biodegradability and renewable supply. These fibers provide comfort, breathability, and visual appeal, especially in the luxury and environmentally conscious fashion markets. Consumer preference for natural alternatives is further shifted by growing knowledge of sustainability and the negative environmental effects of synthetic fibers, such as microplastic pollution. Furthermore, government policies and incentives that support sustainable and organic textiles make natural fibers more competitive. Although synthetic fibers are more durable and cost-effective, their negative environmental effects make it difficult to compete with the growing market for natural fiber products.

Covid-19 Impact

The COVID-19 pandemic significantly impacted the synthetic fiber market, causing disruptions in supply chains, reduced production, and fluctuating raw material prices. Lockdowns and economic slowdowns led to a decline in demand from key end-use industries, including textiles, automotive, and construction. However, the market saw increased demand for synthetic fibers in medical applications, such as personal protective equipment (PPE) and masks. Post-pandemic recovery has been driven by renewed industrial activity, rising consumer spending, and a focus on sustainable synthetic fiber solutions.

The nylon segment is expected to be the largest during the forecast period

The nylon segment is estimated to be the largest, due to its versatility, durability, and high strength-to-weight ratio. Widely used in textiles, automotive, and industrial applications, nylon offers excellent resistance to wear, chemicals, and moisture. Its use in manufacturing lightweight components for vehicles and durable fabrics for sportswear and outdoor gear enhances its appeal. Additionally, growing urbanization and increasing disposable incomes boost demand for nylon-based consumer goods. Innovations in bio-based nylon production also align with sustainability trends, further driving growth.

The home furnishings segment is expected to have the highest CAGR during the forecast period

The home furnishings segment is anticipated to witness the highest CAGR during the forecast period, due to their durability, affordability, and versatility. Products like curtains, carpets, upholstery, and bedding benefit from synthetic fibers’ stain resistance, ease of maintenance, and long lifespan. Rising disposable incomes and urbanization fuel consumer interest in stylish, cost-effective home decor. Additionally, advancements in fiber technology, including enhanced textures and eco-friendly options, further boost synthetic fibers’ adoption in the home furnishings sector.

Region with largest share:

Asia Pacific is expected to have the largest market share during the forecast period due to rising disposable incomes and changing lifestyles, has fueled a surge in demand for clothing, home furnishings, and other consumer goods made from synthetic fibers. Additionally, the region's robust industrial sector, including automotive and construction, further drives the demand for synthetic fibers in various applications. Furthermore, the presence of major synthetic fiber manufacturers and a well-established textile industry in countries like China, India, and South Korea contribute significantly to the market's growth.

Region with highest CAGR:

During the forecast period, the North America region is anticipated to register the highest CAGR, owing to a strong emphasis on comfort, durability, and performance in apparel, home furnishings, and industrial applications. The increasing popularity of activewear and athleisure, coupled with the growing demand for high-performance fabrics, has fueled the demand for synthetic fibers like polyester and nylon. Additionally, the region's focus on sustainability and the development of recycled and biodegradable synthetic fibers is driving market growth.

Key players in the market

Some of the key players profiled in the Synthetic Fiber Market include Toray Industries, Inc., Teijin Limited, Indorama Ventures Public Company Limited, Reliance Industries Limited, Hyosung Corporation, Asahi Kasei Corporation, Lenzing AG, Kolon Industries, Inc., China Petroleum & Chemical Corporation, Nan Ya Plastics Corporation, Far Eastern New Century Corporation, Shenghong Group Holdings Co., Ltd., DuPont de Nemours, Inc., Jiangsu Hengli Chemical Fiber Co., Ltd., Mitsubishi Chemical Holdings Corporation, RadiciGroup, Formosa Plastics Corporation, BASF SE, and Bharat Petroleum Corporation Limited.

Key Developments:

In June 2023, Reliance Industries Limited (RIL) announced that it will invest USD 750 million in expanding its polyester business. This investment will help the company to increase its production capacity of polyester fibers by 50%.

In July 2023, China Petroleum & Chemical Corporation (Sinopec) announced that it will expand its synthetic fibers business in Asia. The company plans to invest USD 1 billion in building new synthetic fiber production facilities in China, India, and Indonesia.

In August 2023, Teijin Limited announced that it is developing new sustainable synthetic fibers. These new fibers will be made from recycled materials and will have a lower environmental impact than traditional synthetic fibers.

Fiber Types Covered:
• Polyester
• Nylon
• Acrylic
• Polypropylene
• Polyethylene
• Spandex
• Other Fiber Types

Fiber Forms Covered:
• Staple Fiber
• Filament Fiber
• Tow Fiber

Production Technologies Covered:
• Polymerization Process
• Melt Spinning
• Dry Spinning
• Wet Spinning
• Solution Spinning

End Users Covered:
• Apparel and Textiles
• Automotive
• Industrial Applications
• Home Furnishings
• Medical & Hygiene
• Agriculture
• Nonwoven Fabrics
• Other End Users

Regions Covered:
• North America
o US
o Canada
o Mexico
• Europe
o Germany
o UK
o Italy
o France
o Spain
o Rest of Europe
• Asia Pacific
o Japan        
o China        
o India        
o Australia  
o New Zealand
o South Korea
o Rest of Asia Pacific    
• South America
o Argentina
o Brazil
o Chile
o Rest of South America
• Middle East & Africa 
o Saudi Arabia
o UAE
o Qatar
o South Africa
o Rest of Middle East & Africa

What our report offers:
- Market share assessments for the regional and country-level segments
- Strategic recommendations for the new entrants
- Covers Market data for the years 2022, 2023, 2024, 2026, and 2030
- Market Trends (Drivers, Constraints, Opportunities, Threats, Challenges, Investment Opportunities, and recommendations)
- Strategic recommendations in key business segments based on the market estimations
- Competitive landscaping mapping the key common trends
- Company profiling with detailed strategies, financials, and recent developments
- Supply chain trends mapping the latest technological advancements

Free Customization Offerings: 
All the customers of this report will be entitled to receive one of the following free customization options:
• Company Profiling
o Comprehensive profiling of additional market players (up to 3)
o SWOT Analysis of key players (up to 3)
• Regional Segmentation
o Market estimations, Forecasts and CAGR of any prominent country as per the client's interest (Note: Depends on feasibility check)
• Competitive Benchmarking
o Benchmarking of key players based on product portfolio, geographical presence, and strategic alliances

Table of Contents

1 Executive Summary        
          
2 Preface    
    
 2.1 Abstract        
 2.2 Stake Holders       
 2.3 Research Scope       
 2.4 Research Methodology      
  2.4.1 Data Mining      
  2.4.2 Data Analysis      
  2.4.3 Data Validation      
  2.4.4 Research Approach      
 2.5 Research Sources       
  2.5.1 Primary Research Sources     
  2.5.2 Secondary Research Sources     
  2.5.3 Assumptions      
          
3 Market Trend Analysis       
 3.1 Introduction       
 3.2 Drivers        
 3.3 Restraints       
 3.4 Opportunities       
 3.5 Threats        
 3.6 End User Analysis       
 3.7 Emerging Markets       
 3.8 Impact of Covid-19       
          
4 Porters Five Force Analysis       
 4.1 Bargaining power of suppliers      
 4.2 Bargaining power of buyers      
 4.3 Threat of substitutes      
 4.4 Threat of new entrants      
 4.5 Competitive rivalry       
          
5 Global Synthetic Fiber Market, By Fiber Type     
 5.1 Introduction       
 5.2 Polyester        
 5.3 Nylon        
 5.4 Acrylic        
 5.5 Polypropylene       
 5.6 Polyethylene       
 5.7 Spandex        
 5.8 Other Fiber Types       
          
6 Global Synthetic Fiber Market, By Fiber Form     
 6.1 Introduction       
 6.2 Staple Fiber       
 6.3 Filament Fiber       
 6.4 Tow Fiber       
          
7 Global Synthetic Fiber Market, By Production Technology    
 7.1 Introduction       
 7.2 Polymerization Process      
 7.3 Melt Spinning       
 7.4 Dry Spinning       
 7.5 Wet Spinning       
 7.6 Solution Spinning       
          
8 Global Synthetic Fiber Market, By End User     
 8.1 Introduction       
 8.2 Apparel and Textiles      
 8.3 Automotive       
 8.4 Industrial Applications      
 8.5 Home Furnishings       
 8.6 Medical & Hygiene       
 8.7 Agriculture       
 8.8 Nonwoven Fabrics       
 8.9 Other End Users       
          
9 Global Synthetic Fiber Market, By Geography     
 9.1 Introduction       
 9.2 North America       
  9.2.1 US       
  9.2.2 Canada       
  9.2.3 Mexico       
 9.3 Europe        
  9.3.1 Germany       
  9.3.2 UK       
  9.3.3 Italy       
  9.3.4 France       
  9.3.5 Spain       
  9.3.6 Rest of Europe      
 9.4 Asia Pacific       
  9.4.1 Japan       
  9.4.2 China       
  9.4.3 India       
  9.4.4 Australia       
  9.4.5 New Zealand      
  9.4.6 South Korea      
  9.4.7 Rest of Asia Pacific      
 9.5 South America       
  9.5.1 Argentina      
  9.5.2 Brazil       
  9.5.3 Chile       
  9.5.4 Rest of South America     
 9.6 Middle East & Africa      
  9.6.1 Saudi Arabia      
  9.6.2 UAE       
  9.6.3 Qatar       
  9.6.4 South Africa      
  9.6.5 Rest of Middle East & Africa     
          
10 Key Developments        
 10.1 Agreements, Partnerships, Collaborations and Joint Ventures   
 10.2 Acquisitions & Mergers      
 10.3 New Product Launch      
 10.4 Expansions       
 10.5 Other Key Strategies      
          
11 Company Profiling        
 11.1 Toray Industries, Inc.      
 11.2 Teijin Limited       
 11.3 Indorama Ventures Public Company Limited    
 11.4 Reliance Industries Limited      
 11.5 Hyosung Corporation      
 11.6 Asahi Kasei Corporation      
 11.7 Lenzing AG       
 11.8 Kolon Industries, Inc.      
 11.9 China Petroleum & Chemical Corporation    
 11.10 Nan Ya Plastics Corporation      
 11.11 Far Eastern New Century Corporation     
 11.12 Shenghong Group Holdings Co., Ltd.     
 11.13 DuPont de Nemours, Inc.      
 11.14 Jiangsu Hengli Chemical Fiber Co., Ltd.     
 11.15 Mitsubishi Chemical Holdings Corporation    
 11.16 RadiciGroup       
 11.17 Formosa Plastics Corporation      
 11.18 BASF SE        
 11.19 Bharat Petroleum Corporation Limited     
          
List of Tables         
1 Global Synthetic Fiber Market Outlook, By Region (2022-2030) ($MN)   
2 Global Synthetic Fiber Market Outlook, By Fiber Type (2022-2030) ($MN)   
3 Global Synthetic Fiber Market Outlook, By Polyester (2022-2030) ($MN)   
4 Global Synthetic Fiber Market Outlook, By Nylon (2022-2030) ($MN)   
5 Global Synthetic Fiber Market Outlook, By Acrylic (2022-2030) ($MN)   
6 Global Synthetic Fiber Market Outlook, By Polypropylene (2022-2030) ($MN)  
7 Global Synthetic Fiber Market Outlook, By Polyethylene (2022-2030) ($MN)  
8 Global Synthetic Fiber Market Outlook, By Spandex (2022-2030) ($MN)   
9 Global Synthetic Fiber Market Outlook, By Other Fiber Types (2022-2030) ($MN)  
10 Global Synthetic Fiber Market Outlook, By Fiber Form (2022-2030) ($MN)  
11 Global Synthetic Fiber Market Outlook, By Staple Fiber (2022-2030) ($MN)  
12 Global Synthetic Fiber Market Outlook, By Filament Fiber (2022-2030) ($MN)  
13 Global Synthetic Fiber Market Outlook, By Tow Fiber (2022-2030) ($MN)   
14 Global Synthetic Fiber Market Outlook, By Production Technology (2022-2030) ($MN) 
15 Global Synthetic Fiber Market Outlook, By Polymerization Process (2022-2030) ($MN) 
16 Global Synthetic Fiber Market Outlook, By Melt Spinning (2022-2030) ($MN)  
17 Global Synthetic Fiber Market Outlook, By Dry Spinning (2022-2030) ($MN)  
18 Global Synthetic Fiber Market Outlook, By Wet Spinning (2022-2030) ($MN)  
19 Global Synthetic Fiber Market Outlook, By Solution Spinning (2022-2030) ($MN)  
20 Global Synthetic Fiber Market Outlook, By End User (2022-2030) ($MN)   
21 Global Synthetic Fiber Market Outlook, By Apparel and Textiles (2022-2030) ($MN)  
22 Global Synthetic Fiber Market Outlook, By Automotive (2022-2030) ($MN)  
23 Global Synthetic Fiber Market Outlook, By Industrial Applications (2022-2030) ($MN) 
24 Global Synthetic Fiber Market Outlook, By Home Furnishings (2022-2030) ($MN)  
25 Global Synthetic Fiber Market Outlook, By Medical & Hygiene (2022-2030) ($MN)  
26 Global Synthetic Fiber Market Outlook, By Agriculture (2022-2030) ($MN)  
27 Global Synthetic Fiber Market Outlook, By Nonwoven Fabrics (2022-2030) ($MN)  
28 Global Synthetic Fiber Market Outlook, By Other End Users (2022-2030) ($MN)  
          
Note: Tables for North America, Europe, APAC, South America, and Middle East & Africa Regions are also represented in the same manner as above.

List of Figures

RESEARCH METHODOLOGY


Research Methodology

We at Stratistics opt for an extensive research approach which involves data mining, data validation, and data analysis. The various research sources include in-house repository, secondary research, competitor’s sources, social media research, client internal data, and primary research.

Our team of analysts prefers the most reliable and authenticated data sources in order to perform the comprehensive literature search. With access to most of the authenticated data bases our team highly considers the best mix of information through various sources to obtain extensive and accurate analysis.

Each report takes an average time of a month and a team of 4 industry analysts. The time may vary depending on the scope and data availability of the desired market report. The various parameters used in the market assessment are standardized in order to enhance the data accuracy.

Data Mining

The data is collected from several authenticated, reliable, paid and unpaid sources and is filtered depending on the scope & objective of the research. Our reports repository acts as an added advantage in this procedure. Data gathering from the raw material suppliers, distributors and the manufacturers is performed on a regular basis, this helps in the comprehensive understanding of the products value chain. Apart from the above mentioned sources the data is also collected from the industry consultants to ensure the objective of the study is in the right direction.

Market trends such as technological advancements, regulatory affairs, market dynamics (Drivers, Restraints, Opportunities and Challenges) are obtained from scientific journals, market related national & international associations and organizations.

Data Analysis

From the data that is collected depending on the scope & objective of the research the data is subjected for the analysis. The critical steps that we follow for the data analysis include:

  • Product Lifecycle Analysis
  • Competitor analysis
  • Risk analysis
  • Porters Analysis
  • PESTEL Analysis
  • SWOT Analysis

The data engineering is performed by the core industry experts considering both the Marketing Mix Modeling and the Demand Forecasting. The marketing mix modeling makes use of multiple-regression techniques to predict the optimal mix of marketing variables. Regression factor is based on a number of variables and how they relate to an outcome such as sales or profits.


Data Validation

The data validation is performed by the exhaustive primary research from the expert interviews. This includes telephonic interviews, focus groups, face to face interviews, and questionnaires to validate our research from all aspects. The industry experts we approach come from the leading firms, involved in the supply chain ranging from the suppliers, distributors to the manufacturers and consumers so as to ensure an unbiased analysis.

We are in touch with more than 15,000 industry experts with the right mix of consultants, CEO's, presidents, vice presidents, managers, experts from both supply side and demand side, executives and so on.

The data validation involves the primary research from the industry experts belonging to:

  • Leading Companies
  • Suppliers & Distributors
  • Manufacturers
  • Consumers
  • Industry/Strategic Consultants

Apart from the data validation the primary research also helps in performing the fill gap research, i.e. providing solutions for the unmet needs of the research which helps in enhancing the reports quality.


For more details about research methodology, kindly write to us at info@strategymrc.com

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