Global Fiber Intermediates Market Analysis, Size, Share, Development, Growth & Demand Forecast 2018 -2023

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Fiber Intermediates Market Research Report-
Forecast to 2023
Industry Survey, Growth, Competitive
Landscapeand Forecasts to 2023
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Fiber Intermediates Market - 2023
Global Fiber Intermediates Market
Information by Type (Paraxylene, Acrylonitrile,
Cyclohexanone, Ethylene Glycol, Ethylene Glycol,
Polyethylene, and Others), Application (Fabrics,
PET Resin, Anti-freeze, and Others), and
RegionForecast till 2023 Fiber Intermediates
Market Overview The demand for fiber
intermediates is driven by its increasing use in
the manufacturing of synthetic fiber such as
polyester and nylon, disinfectants, fabrics, and
plastic, among others. Some of the commonly used
fiber intermediates include paraxylene,
acrylonitrile, ethylene glycol, purified
terephthalic acid, and ethylene oxide. Fiber
intermediates find application in numerous
end-use industries such as textiles, plastics,
petrochemicals, and cleaning products
(detergents). The global fiber intermediates
market is likely to grow on account of the
increasing demand for polyester in various
applications such as clothing, furniture, and
upholstery. The expanding textiles industry, as a
result of increased spending on clothing coupled
with changing fashion trends, is likely to propel
the growth of the fiber intermediates market.
Additionally, the growing furnishing industry
with the rising demand for multifunctional and
luxurious furniture is expected to offer
lucrative opportunities to players in the fiber
intermediates market. The consumption of fiber
intermediates such as ethylene glycol is
increasing in the production of polyethylene
terephthalate (PET) resin and PET film on account
of the increasing demand for PET bottles and
beverage containers as they are effective
barriers to carbon dioxide and have a high
tensile strength. The expanding packaging
industry, as a result of increased consumption of
packaged food products and beverages owing to
convenience and improved product shelf life, is
likely to fuel the demand for fiber
intermediates. Anti-freeze, detergents, paints,
and resins are some of the other applications of
fiber intermediates.
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Fiber Intermediates Market - 2023
Regional Analysis The market in Asia-Pacific
accounted for the largest share of the fiber
intermediates market in 2017 and is expected to
continue its dominance during the forecast
period. This growth can be attributed to the
rapidly expanding textiles industry in developing
economies such as India and China, which are home
to a number of major textiles companies such as
Fabindia Overseas Pvt Ltd and Bombay Dyeing,
Shangtex Holding Co. Ltd, and Shandong Demian
Group. According to the Indian Brand Equity
Foundation, the Indian textiles market is
expected to reach USD 226 billion by 2023 from
USD 137 billion in 2016. North America is
another prominent market for fiber intermediates
owing to supportive government policies promoting
domestic manufacturing in the US. According to
the National Council of Textile Organizations,
the value of US man-made fiber and filament,
textiles, and apparel shipments has increased by
11 from 2009 to 2016 to reach USD 74.4
billion. The market in Europe is expected to
grow at a healthy CAGR during the review period
on account of the expanding packaging industry
with the rising demand for packaged food and
beverages. Furthermore, government regulations,
such as the ban on landfills to reduce plastic
pollution, have stimulated the demand for
PET-based packaged products, which is likely to
drive the growth of the fiber intermediates
market. Segmentation The global fiber
intermediates market has been segmented by type,
application, and region. Based on type, the
market has been segmented into paraxylene,
acrylonitrile, cyclohexanone, ethylene glycol,
polyethylene, ethylene oxide, and others. Based
on application, the market has been divided into
fabrics, PET resin, anti-freeze, detergents,
upholstery, bactericides, and others. Based on
region, the market has been segmented into North
America, Europe, Asia-Pacific, Latin America, and
the Middle East Africa.
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Fiber Intermediates Market - 2023
Key Players Some of the key players in the global
fiber intermediates market are Reliance
Industries Limited (India), Aareydrugs
Pharmaceuticals Ltd (India), Ferromet SA
(Argentina), BASF SE (Germany), DowDuPont (US),
INVISTA (US), Chevron Phillips Chemical Company
(US), Daicel Corporation (Japan), and Fiber
Intermediate Products Company (Iran). Intended
Audience Fiber intermediates manufacturers Traders
and distributors of fiber intermediates Research
and development institutes Potential
investors Raw material suppliers Nationalized
laboratories
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