Synthetic fibers are man-made fibers produced from petrochemicals, which possess qualities such as strength, durability, and elasticity. Synthetic fibers in comparison with natural fibers possess superior properties. They are water and stain resistant and also cost-effective. Synthetic fibers have a wide variety of uses in commercial, industrial, outdoor, and indoor applications along with apparels. Synthetic fibers can be dried easily, easier to wash, and has good elasticity, which makes it comfortable to wear.

Synthetic Fibers market Taxonomy:

On the basis of product type, the global synthetic fiber market is segmented into:

Acrylic

Nylon

Polyester

Polyolefin

Acetate

Rayon

Aramid

On the basis of Application, the global synthetic fiber market is segmented into:

Apprales

Aerospace

Automotive

Medical

Construction

Synthetic Fibers market outlook:

Asia pacific is expected to be the fastest growing region in synthetic fibers market over the forecast period, owing to the presence of the world’s most populated economies such as India and China. The growth in the economy of the region has increased the per capita income of consumers, which in turn is adding to the demand for apparels in the region. Moreover, industrialization has further propelled the construction industry in the region, which is a major factor driving the growth of synthetic fibers market. The various end-use industries of synthetic fibers such as the automotive and aerospace is developing at an augmented pace in the region further adding to the demand.

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Major Keyplayers: Schlumberger Ltd., Halliburton, Baker Hughes, Weatherford International, Archer Well Services, National Oilwell Varco, and Aker Solutions.

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