Global Synthetic Fibers Market Expected to Retain Dominance & Grow at an Encouraging CAGR to 2023

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Synthetic Fibers Market Research Report Global
Forecast to 2023
Industry Survey, Growth, Competitive
Landscapeand Forecasts to 2023
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Synthetic Fibers Market Research Report Global
Forecast to 2023
Market Overview / Study Objective / Synopsis
Synthetic fibers are produced by linking the
monomers into polymers through polymerization
process. They are four types of the product
manufactured in the market namely acrylics,
polyester, nylon, and polyolefin synthetic
fibers. These products are known for their
strength, elasticity, washability, cost-effective
nature, and others. The changing fashion trends
and improving lifestyle resulting in growing
demand for the product are the important factors
influencing the market positively. Due to these
factors, they are used in various applications
such as clothing, home furnishing, automotive,
filtration, and others.
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Synthetic Fibers Market Research Report Global
Forecast to 2023
Top 10 Global key Players Their Strategy

• Bombay Dyeing (India),
• DuPont (U.S.),
• Indorama Corporation (Singapore),
• LENZING AG (Austria),
• Mitsubishi Chemical Holdings Corporation (Japan),
  
• Reliance Industries Limited (India),
• China Petroleum Corporation (China),  
• TEIJIN LIMITED (Japan),
• Toray Chemical Korea Inc (South Korea)
• TOYOBO CO., LTD (Japan) among others

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Synthetic Fibers Market Research Report Global
Forecast to 2023
Segmentation Analysis
The global synthetic fibers market is segregated
into the type and application segments. The
market by type is classified into acrylics,
polyester, nylon, and polyolefin segments. The
market by application segment is bifurcated into
clothing, home furnishing, automotive,
filtration, and others.
Regional Analysis
The Latin American region is estimated to witness
a significant growth in the market due to
boundless use of products in textile industries.
These materials are estimated to drive the market
in the next few years due to their growing use in
home furnishing and automotive sectors. Moreover,
the Middle East Africa is anticipated to
witness a rapid growth in the market due to
extensive consumption of polyester fibers in
end-use sectors.
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Synthetic Fibers Market Research Report Global
Forecast to 2023