Market Overview:
The global synthetic fabrics market is expected to grow at a CAGR of 5.5% during the forecast period 2018-2030. The growth in the market can be attributed to the increasing demand for synthetic fabrics from various end-use industries such as apparel, home textile, and industrial use. In terms of type, polyester type is expected to hold a major share in the global synthetic fabrics market during the forecast period. This can be attributed to its properties such as durability, wrinkle resistance, and colorfastness. Nylon type is also anticipated to witness significant growth during the forecast period owing to its properties such as strength and abrasion resistance.
Product Definition:
A synthetic fabric is a manufactured fiber created from man-made materials, as opposed to natural fibers such as wool or cotton. Synthetic fabrics are often associated with durability, affordability and easy care. They are commonly used in sportswear and home furnishings.
Polyester Type:
It has found widespread application in textiles and industrial products. Polyester type can be categorized into different types such as microfilament, staple fiber, and others based on their length and diameter.
Nylon Type:
Nylon has high resistance to abrasion, good tensile strength, excellent elasticity and durability. It also has good thermal stability which makes it suitable for manufacturing of industrial fabrics.
Application Insights:
The industry is segmented by application into apparel, home textile, industrial use and others. Apparel was the largest application segment in 2016 and accounted for over 60% of the overall market revenue that year. The growth of this segment can be attributed to increasing demand for clothing among youth from developing countries including China, India and Brazil. Rising consumer spending on luxury fashion products has also been a major factor driving industry expansion over the past few years.
The home textile sector is expected to witness significant growth in near future owing to rising demand for household textiles such as carpets and curtains among other products such as bed sheets and cushion covers which are manufactured using these man-made fibers.
Regional Analysis:
Asia Pacific dominated the global market in 2017 and is expected to continue its dominance over the forecast period. The region is projected to expand at a CAGR of XX% from 2018 to 2030 owing to increasing product demand from developing countries such as China, India, and Japan. In addition, rising disposable income levels are anticipated to fuel the product demand further over the next eight years.
The growth in Europe can be attributed mainly to synthetic fabrics used for apparel applications due their properties such as lightweight and moisture-repellent nature that make them suitable for use in outdoor clothing including jackets, pants, vests etc.
Growth Factors:
- Increasing demand for synthetic fabrics from the apparel industry as they are durable, wrinkle-free and easy to care for.
- Rising disposable income of consumers in developing countries is fueling the demand for luxury clothing made from synthetic fabrics.
- Growing popularity of athleisure wear is also contributing to the growth of synthetic fabrics market as these garments require less maintenance and are more comfortable to wear than traditional clothes.
- Technological advancements in fabric production processes are resulting in development of new types of synthetic fabrics that are better suited for specific applications such as sportswear, outdoor gear, etc.
- increasing awareness about environmental benefits offered by synthetic fabrics over natural fibers is prompting many consumers to switch over to them
Scope Of The Report
Report Attributes
Report Details
Report Title
Synthetic Fabrics Market Research Report
By Type
Polyester Type, Nylon Type, Acrylic Type, Rayon Type, Spandex Type, Others
By Application
Apparel, Home Textile, Industrial Use, Others Application
By Companies
Far Eastern New Century, Deyongjia Textile, Yongtong Group, Texhong Textile, Reliance Industries, Toray, ShangTex, Formosa Taffeta, Luthai Textile, Weiqiao Textile, Jinsuo Textile, Hyosung, Shahlon Group, Chinatex Corp, ECLAT, Ruby Mills, Chori Co., Ltd, Hongfa Group, Georg+Otto Friedrich
Regions Covered
North America, Europe, APAC, Latin America, MEA
Base Year
2021
Historical Year
2019 to 2020 (Data from 2010 can be provided as per availability)
Forecast Year
2030
Number of Pages
247
Number of Tables & Figures
173
Customization Available
Yes, the report can be customized as per your need.
Global Synthetic Fabrics Market Report Segments:
The global Synthetic Fabrics market is segmented on the basis of:
Types
Polyester Type, Nylon Type, Acrylic Type, Rayon Type, Spandex Type, Others
The product segment provides information about the market share of each product and the respective CAGR during the forecast period. It lays out information about the product pricing parameters, trends, and profits that provides in-depth insights of the market. Furthermore, it discusses latest product developments & innovation in the market.
Applications
Apparel, Home Textile, Industrial Use, Others Application
The application segment fragments various applications of the product and provides information on the market share and growth rate of each application segment. It discusses the potential future applications of the products and driving and restraining factors of each application segment.
Some of the companies that are profiled in this report are:
- Far Eastern New Century
- Deyongjia Textile
- Yongtong Group
- Texhong Textile
- Reliance Industries
- Toray
- ShangTex
- Formosa Taffeta
- Luthai Textile
- Weiqiao Textile
- Jinsuo Textile
- Hyosung
- Shahlon Group
- Chinatex Corp
- ECLAT
- Ruby Mills
- Chori Co., Ltd
- Hongfa Group
- Georg+Otto Friedrich
Highlights of The Synthetic Fabrics Market Report:
- The market structure and projections for the coming years.
- Drivers, restraints, opportunities, and current trends of market.
- Historical data and forecast.
- Estimations for the forecast period 2030.
- Developments and trends in the market.
- By Type:
- Polyester Type
- Nylon Type
- Acrylic Type
- Rayon Type
- Spandex Type
- Others
- By Application:
- Apparel
- Home Textile
- Industrial Use
- Others Application
- Market scenario by region, sub-region, and country.
- Market share of the market players, company profiles, product specifications, SWOT analysis, and competitive landscape.
- Analysis regarding upstream raw materials, downstream demand, and current market dynamics.
- Government Policies, Macro & Micro economic factors are also included in the report.
We have studied the Synthetic Fabrics Market in 360 degrees via. both primary & secondary research methodologies. This helped us in building an understanding of the current market dynamics, supply-demand gap, pricing trends, product preferences, consumer patterns & so on. The findings were further validated through primary research with industry experts & opinion leaders across countries. The data is further compiled & validated through various market estimation & data validation methodologies. Further, we also have our in-house data forecasting model to predict market growth up to 2030.
Regional Analysis
- North America
- Europe
- Asia Pacific
- Middle East & Africa
- Latin America
Note: A country of choice can be added in the report at no extra cost. If more than one country needs to be added, the research quote will vary accordingly.
The geographical analysis part of the report provides information about the product sales in terms of volume and revenue in regions. It lays out potential opportunities for the new entrants, emerging players, and major players in the region. The regional analysis is done after considering the socio-economic factors and government regulations of the countries in the regions.
How you may use our products:
- Correctly Positioning New Products
- Market Entry Strategies
- Business Expansion Strategies
- Consumer Insights
- Understanding Competition Scenario
- Product & Brand Management
- Channel & Customer Management
- Identifying Appropriate Advertising Appeals
8 Reasons to Buy This Report
- Includes a Chapter on the Impact of COVID-19 Pandemic On the Market
- Report Prepared After Conducting Interviews with Industry Experts & Top Designates of the Companies in the Market
- Implemented Robust Methodology to Prepare the Report
- Includes Graphs, Statistics, Flowcharts, and Infographics to Save Time
- Industry Growth Insights Provides 24/5 Assistance Regarding the Doubts in the Report
- Provides Information About the Top-winning Strategies Implemented by Industry Players.
- In-depth Insights On the Market Drivers, Restraints, Opportunities, and Threats
- Customization of the Report Available
Frequently Asked Questions?
Synthetic fabrics are made from synthetic materials that have been combined with natural fibers to create a fabric. Synthetic fabrics are often more durable and resistant to wear than natural fabrics, making them ideal for use in clothing and other products.
Some of the major players in the synthetic fabrics market are Far Eastern New Century, Deyongjia Textile, Yongtong Group, Texhong Textile, Reliance Industries, Toray, ShangTex, Formosa Taffeta, Luthai Textile, Weiqiao Textile, Jinsuo Textile, Hyosung, Shahlon Group, Chinatex Corp, ECLAT, Ruby Mills, Chori Co., Ltd, Hongfa Group, Georg+Otto Friedrich.
The synthetic fabrics market is expected to grow at a compound annual growth rate of 5.5%.
1. Executive Summary
2. Assumptions and Acronyms Used
3. Research Methodology
4. Synthetic Fabrics Market Overview
4.1. Introduction
4.1.1. Market Taxonomy
4.1.2. Market Definition
4.2. Macro-Economic Factors
4.2.1. Industry Outlook
4.3. Synthetic Fabrics Market Dynamics
4.3.1. Market Drivers
4.3.2. Market Restraints
4.3.3. Opportunity
4.3.4. Market Trends
4.4. Synthetic Fabrics Market - Supply Chain
4.5. Global Synthetic Fabrics Market Forecast
4.5.1. Synthetic Fabrics Market Size (US$ Mn) and Y-o-Y Growth
4.5.2. Synthetic Fabrics Market Size (000 Units) and Y-o-Y Growth
4.5.3. Synthetic Fabrics Market Absolute $ Opportunity
5. Global Synthetic Fabrics Market Analysis and Forecast by Type
5.1. Market Trends
5.2. Introduction
5.2.1. Basis Point Share (BPS) Analysis by Type
5.2.2. Y-o-Y Growth Projections by Type
5.3. Synthetic Fabrics Market Size and Volume Forecast by Type
5.3.1. Polyester Type
5.3.2. Nylon Type
5.3.3. Acrylic Type
5.3.4. Rayon Type
5.3.5. Spandex Type
5.3.6. Others
5.4. Absolute $ Opportunity Assessment by Type
5.5. Market Attractiveness/Growth Potential Analysis by Type
6. Global Synthetic Fabrics Market Analysis and Forecast by Application
6.1. Market Trends
6.2. Introduction
6.2.1. Basis Point Share (BPS) Analysis by Application
6.2.2. Y-o-Y Growth Projections by Application
6.3. Synthetic Fabrics Market Size and Volume Forecast by Application
6.3.1. Apparel
6.3.2. Home Textile
6.3.3. Industrial Use
6.3.4. Others Application
6.4. Absolute $ Opportunity Assessment by Application
6.5. Market Attractiveness/Growth Potential Analysis by Application
7. Global Synthetic Fabrics Market Analysis and Forecast by Sales Channel
7.1. Market Trends
7.2. Introduction
7.2.1. Basis Point Share (BPS) Analysis by Sales Channel
7.2.2. Y-o-Y Growth Projections by Sales Channel
7.3. Synthetic Fabrics Market Size and Volume Forecast by Sales Channel
7.3.1. Manufacturer/Distributor/Service Provider
7.3.2. Aftermarket
7.4. Absolute $ Opportunity Assessment by Sales Channel
7.5. Market Attractiveness/Growth Potential Analysis by Sales Channel
8. Global Synthetic Fabrics Market Analysis and Forecast by Region
8.1. Market Trends
8.2. Introduction
8.2.1. Basis Point Share (BPS) Analysis by Region
8.2.2. Y-o-Y Growth Projections by Region
8.3. Synthetic Fabrics Market Size and Volume Forecast by Region
8.3.1. North America
8.3.2. Latin America
8.3.3. Europe
8.3.4. Asia Pacific
8.3.5. Middle East and Africa (MEA)
8.4. Absolute $ Opportunity Assessment by Region
8.5. Market Attractiveness/Growth Potential Analysis by Region
8.6. Global Synthetic Fabrics Demand Share Forecast, 2019-2029
9. North America Synthetic Fabrics Market Analysis and Forecast
9.1. Introduction
9.1.1. Basis Point Share (BPS) Analysis by Country
9.1.2. Y-o-Y Growth Projections by Country
9.2. North America Synthetic Fabrics Market Size and Volume Forecast by Country
9.2.1. U.S.
9.2.2. Canada
9.3. Absolute $ Opportunity Assessment by Country
9.4. North America Synthetic Fabrics Market Size and Volume Forecast by Application
9.4.1. Apparel
9.4.2. Home Textile
9.4.3. Industrial Use
9.4.4. Others Application
9.5. Basis Point Share (BPS) Analysis by Application
9.6. Y-o-Y Growth Projections by Application
9.7. North America Synthetic Fabrics Market Size and Volume Forecast by Type
9.7.1. Polyester Type
9.7.2. Nylon Type
9.7.3. Acrylic Type
9.7.4. Rayon Type
9.7.5. Spandex Type
9.7.6. Others
9.8. Basis Point Share (BPS) Analysis by Type
9.9. Y-o-Y Growth Projections by Type
9.10. Market Attractiveness/Growth Potential Analysis
9.10.1. By Country
9.10.2. By Product Type
9.10.3. By Application
9.10.4. By Sales Channel
9.11. North America Synthetic Fabrics Demand Share Forecast, 2019-2029
10. Latin America Synthetic Fabrics Market Analysis and Forecast
10.1. Introduction
10.1.1. Basis Point Share (BPS) Analysis by Country
10.1.2. Y-o-Y Growth Projections by Country
10.1.3. Latin America Average Pricing Analysis
10.2. Latin America Synthetic Fabrics Market Size and Volume Forecast by Country
10.2.1. Brazil
10.2.2. Mexico
10.2.3. Rest of Latin America
10.3. Absolute $ Opportunity Assessment by Country
10.4. Latin America Synthetic Fabrics Market Size and Volume Forecast by Application
10.4.1. Apparel
10.4.2. Home Textile
10.4.3. Industrial Use
10.4.4. Others Application
10.5. Basis Point Share (BPS) Analysis by Application
10.6. Y-o-Y Growth Projections by Application
10.7. Latin America Synthetic Fabrics Market Size and Volume Forecast by Type
10.7.1. Polyester Type
10.7.2. Nylon Type
10.7.3. Acrylic Type
10.7.4. Rayon Type
10.7.5. Spandex Type
10.7.6. Others
10.8. Basis Point Share (BPS) Analysis by Type
10.9. Y-o-Y Growth Projections by Type
10.10. Market Attractiveness/Growth Potential Analysis
10.10.1. By Country
10.10.2. By Product Type
10.10.3. By Application
10.10.4. By Sales Channel
10.11. Latin America Synthetic Fabrics Demand Share Forecast, 2019-2029
11. Europe Synthetic Fabrics Market Analysis and Forecast
11.1. Introduction
11.1.1. Basis Point Share (BPS) Analysis by Country
11.1.2. Y-o-Y Growth Projections by Country
11.1.3. Europe Average Pricing Analysis
11.2. Europe Synthetic Fabrics Market Size and Volume Forecast by Country
11.2.1. Germany
11.2.2. France
11.2.3. Italy
11.2.4. U.K.
11.2.5. Spain
11.2.6. Russia
11.2.7. Rest of Europe
11.3. Absolute $ Opportunity Assessment by Country
11.4. Europe Synthetic Fabrics Market Size and Volume Forecast by Application
11.4.1. Apparel
11.4.2. Home Textile
11.4.3. Industrial Use
11.4.4. Others Application
11.5. Basis Point Share (BPS) Analysis by Application
11.6. Y-o-Y Growth Projections by Application
11.7. Europe Synthetic Fabrics Market Size and Volume Forecast by Type
11.7.1. Polyester Type
11.7.2. Nylon Type
11.7.3. Acrylic Type
11.7.4. Rayon Type
11.7.5. Spandex Type
11.7.6. Others
11.8. Basis Point Share(BPS) Analysis by Type
11.9. Y-o-Y Growth Projections by Type
11.10. Market Attractiveness/Growth Potential Analysis
11.10.1. By Country
11.10.2. By Product Type
11.10.3. By Application
11.10.4. By Sales Channel
11.11. Europe Synthetic Fabrics Demand Share, 2019-2029
12. Asia Pacific Synthetic Fabrics Market Analysis and Forecast
12.1. Introduction
12.1.1. Basis Point Share (BPS) Analysis by Country
12.1.2. Y-o-Y Growth Projections by Country
12.1.3. Asia Pacific Average Pricing Analysis
12.2. Asia Pacific Synthetic Fabrics Market Size and Volume Forecast by Country
12.2.1. China
12.2.2. Japan
12.2.3. South Korea
12.2.4. India
12.2.5. Australia
12.2.6. Rest of Asia Pacific (APAC)
12.3. Absolute $ Opportunity Assessment by Country
12.4. Asia Pacific Synthetic Fabrics Market Size and Volume Forecast by Application
12.4.1. Apparel
12.4.2. Home Textile
12.4.3. Industrial Use
12.4.4. Others Application
12.5. Basis Point Share (BPS) Analysis by Application
12.6. Y-o-Y Growth Projections by Application
12.7. Asia Pacific Synthetic Fabrics Market Size and Volume Forecast by Type
12.7.1. Polyester Type
12.7.2. Nylon Type
12.7.3. Acrylic Type
12.7.4. Rayon Type
12.7.5. Spandex Type
12.7.6. Others
12.8. Basis Point Share (BPS) Analysis by Type
12.9. Y-o-Y Growth Projections by Type
12.10. Market Attractiveness/Growth Potential Analysis
12.10.1. By Country
12.10.2. By Product Type
12.10.3. By Application
12.10.4. By Sales Channel
12.11. Asia Pacific Synthetic Fabrics Demand Share, 2019-2029
13. Middle East & Africa Synthetic Fabrics Market Analysis and Forecast
13.1. Introduction
13.1.1. Basis Point Share (BPS) Analysis by Country
13.1.2. Y-o-Y Growth Projections by Country
13.1.3. Asia Pacific Average Pricing Analysis
13.2. Middle East & Africa Synthetic Fabrics Market Size and Volume Forecast by Country
13.2.1. Saudi Arabia
13.2.2. South Africa
13.2.3. UAE
13.2.4. Rest of Middle East & Africa (MEA)
13.3. Absolute $ Opportunity Assessment by Country
13.4. Middle East & Africa Synthetic Fabrics Market Size and Volume Forecast by Application
13.4.1. Apparel
13.4.2. Home Textile
13.4.3. Industrial Use
13.4.4. Others Application
13.5. Basis Point Share (BPS) Analysis by Application
13.6. Y-o-Y Growth Projections by Application
13.7. Middle East & Africa Synthetic Fabrics Market Size and Volume Forecast by Type
13.7.1. Polyester Type
13.7.2. Nylon Type
13.7.3. Acrylic Type
13.7.4. Rayon Type
13.7.5. Spandex Type
13.7.6. Others
13.8. Basis Point Share (BPS) Analysis by Type
13.9. Y-o-Y Growth Projections by Type
13.10. Market Attractiveness/Growth Potential Analysis
13.10.1. By Country
13.10.2. By Product Type
13.10.3. By Application
13.10.4. By Sales Channel
13.11. Middle East & Africa Synthetic Fabrics Demand Share, 2019-2029
14. Competition Landscape
14.1. Global Synthetic Fabrics Market: Market Share Analysis
14.2. Synthetic Fabrics Distributors and Customers
14.3. Synthetic Fabrics Market: Competitive Dashboard
14.4. Company Profiles (Details Overview, Financials, Developments, Strategy)
14.4.1. Far Eastern New Century
14.4.1.1. Overview
14.4.1.2. Financials
14.4.1.3. Developments
14.4.1.4. Strategic Outlook
14.4.2. Deyongjia Textile
14.4.2.1. Overview
14.4.2.2. Financials
14.4.2.3. Developments
14.4.2.4. Strategic Outlook
14.4.3. Yongtong Group
14.4.3.1. Overview
14.4.3.2. Financials
14.4.3.3. Developments
14.4.3.4. Strategic Outlook
14.4.4. Texhong Textile
14.4.4.1. Overview
14.4.4.2. Financials
14.4.4.3. Developments
14.4.4.4. Strategic Outlook
14.4.5. Reliance Industries
14.4.5.1. Overview
14.4.5.2. Financials
14.4.5.3. Developments
14.4.5.4. Strategic Outlook
14.4.6. Toray
14.4.6.1. Overview
14.4.6.2. Financials
14.4.6.3. Developments
14.4.6.4. Strategic Outlook
14.4.7. ShangTex
14.4.7.1. Overview
14.4.7.2. Financials
14.4.7.3. Developments
14.4.7.4. Strategic Outlook
14.4.8. Formosa Taffeta
14.4.8.1. Overview
14.4.8.2. Financials
14.4.8.3. Developments
14.4.8.4. Strategic Outlook
14.4.9. Luthai Textile
14.4.9.1. Overview
14.4.9.2. Financials
14.4.9.3. Developments
14.4.9.4. Strategic Outlook
14.4.10. Weiqiao Textile
14.4.10.1. Overview
14.4.10.2. Financials
14.4.10.3. Developments
14.4.10.4. Strategic Outlook
14.4.11. Jinsuo Textile
14.4.11.1. Overview
14.4.11.2. Financials
14.4.11.3. Developments
14.4.11.4. Strategic Outlook
14.4.12. Hyosung
14.4.12.1. Overview
14.4.12.2. Financials
14.4.12.3. Developments
14.4.12.4. Strategic Outlook
14.4.13. Shahlon Group
14.4.13.1. Overview
14.4.13.2. Financials
14.4.13.3. Developments
14.4.13.4. Strategic Outlook
14.4.14. Chinatex Corp
14.4.14.1. Overview
14.4.14.2. Financials
14.4.14.3. Developments
14.4.14.4. Strategic Outlook
14.4.15. ECLAT
14.4.15.1. Overview
14.4.15.2. Financials
14.4.15.3. Developments
14.4.15.4. Strategic Outlook
14.4.16. Ruby Mills
14.4.16.1. Overview
14.4.16.2. Financials
14.4.16.3. Developments
14.4.16.4. Strategic Outlook
14.4.17. Chori Co., Ltd
14.4.17.1. Overview
14.4.17.2. Financials
14.4.17.3. Developments
14.4.17.4. Strategic Outlook
14.4.18. Hongfa Group
14.4.18.1. Overview
14.4.18.2. Financials
14.4.18.3. Developments
14.4.18.4. Strategic Outlook
14.4.19. Georg+Otto Friedrich
14.4.19.1. Overview
14.4.19.2. Financials
14.4.19.3. Developments
14.4.19.4. Strategic Outlook
14.4.20. COMPANY 20
14.4.20.1. Overview
14.4.20.2. Financials
14.4.20.3. Developments
14.4.20.4. Strategic Outlook
