Harrisburg, NC -- (SBWIRE) -- 10/21/2020 -- Synthetic Fibers Global Market Report 2020 provides insightful data about business strategies, qualitative and quantitative analysis of Global Market. The report also calls for market – driven results deriving feasibility studies for client needs. MarketInsightsReports ensures qualified and verifiable aspects of market data operating in the real- time scenario. The analytical studies are conducted ensuring client needs with a thorough understanding of market capacities in the real- time scenario.
The global synthetic fibers market was worth $ 147.16 billion in 2019. It is expected to grow at a compound annual growth rate (CAGR) of 5% and reach $175.06 billion by 2023.
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Top Leading Companies Mentioned are Bombay Dyeing, E. I. du Pont de Nemours and Company, Indorama Corporation, Lenzing AG, Mitsubishi Chemical Holdings Corporation, Reliance Industries Limited, China Petroleum Corporation (Sinopec Corp.), Teijin Limited, Toray Chemical Korea, Inc., Toyobo Co., Ltd.
Sybthetic fiber is used in a broad range of applications including textile industry and home furnishings owing to its physical and chemical properties such as high durability, and stain-resistant characteristics. Polyester is one major fiber used in tires, belts, hoses whereas nylon is used for preparation of carpets. According to the Textiles Intelligence Report, the demand for man-made synthetic fibers increased by 3.4% in 2017 and acquiring a total share of 73% at global level. Thus, the increased usage of synthetic fibers in end-user industries drives the market.
Synthetic fibers are non-biodegradable and affect the environment negatively. Fragmenation and withering of large synthetic fibers generate microplastics, which affect the ecosystem. Any plastic that is less than 5mm in length is a microplastic. Microplastics act as a medium through which harmful chemicals and micro-organisms enter into a human body easily. According to a recent study that is started by the World Wildlife Fund and conducted by researchers at the University of Newcastle in Australia, it is estimated that people consume around 5 grams of plastic in a week that is similar to a credit card. As a result, governments impose stringent regulations to curb the use of synthetic fibers restraining the growth of the market.
This report provides a detailed analysis of the Synthetic Fibers market with description of market sizing and growth, segmentation of market by products & services and major markets, top market players etc. The report recapitulates the factors that will be responsible for the growth in the market in the forecasted period.
Following are major Table of Content of Synthetic Fibers Industry:
Synthetic Fibers Market Sales Overview.
Synthetic Fibers Market Sales Competition by Manufacturers.
Synthetic Fibers Market Sales Analysis by Region.
Synthetic Fibers Market Sales Analysis by Type.
Synthetic Fibers Market Analysis by Application.
Synthetic Fibers Market -Manufacturers Analysis.
This independent 200 pages report guarantees you will remain better informed than your competition. With over figures examining the Synthetic Fibers market, the report gives you a visual, one-stop breakdown of the leading products, submarket and market leader's market revenue forecasts as well as analysis to 2030.
Geographically, this report is segmented into several key Regions, with Sales, revenue, Market Share (%) and Growth Rate (%) of Synthetic Fibers in these regions, from 2015 to 2030(forecast), covering Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East And Africa.
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Furthermore, the report provides a detailed analysis of the global Synthetic Fibers market with analysis of market size by value and volume. Along with this, an analysis of penetration rate and the average revenue generated per user (ARPU) in the market has also been done. The report also includes a detailed analysis of the global Synthetic Fibers market by countries, comprising of its market by value, volume, and ARPU and penetration rate.
Key Points of this Report:
-Gain a truly global perspective with the most comprehensive report available on this market covering 50+ geographies.
-Create regional and country strategies on the basis of local data and analysis.
-Identify growth segments for investment.
-Outperform competitors using forecast data and the drivers and trends shaping the market.
-Understand customers based on the latest market research findings.
-Benchmark performance against key competitors.
-Utilize the relationships between key data sets for superior strategizing.
-Suitable for supporting your internal and external presentations with reliable high quality data and analysis
-Report will be updated with the latest data and delivered to you within 3-5 working days of order.
The research includes historic data from 2015 to 2020 and forecasts until 2030 which makes the reports an invaluable resource for industry executives, marketing, sales and product managers, consultants, analysts, and other people looking for key industry data in readily accessible documents with clearly presented tables and graphs. The report will make detailed analysis mainly on above questions and in-depth research on the development environment, market size, development trend, operation situation and future development trend of Synthetic Fibers on the basis of stating current situation of the industry in 2020 so as to make comprehensive organization and judgment on the competition situation and development trend of Synthetic Fibers Market and assist manufacturers and investment organization to better grasp the development course of Synthetic Fibers Market.
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