Synthetic Fibres Market Growth Analysis Report - Market Size, Share, Forecast Trends and Outlook (2025-2034)

The global synthetic fibres market reached a volume of 85.33 Million Tons in 2024. The market is further expected to grow at a CAGR of 4.90% in the forecast period of 2025-2034 to reach a volume of 137.68 Million Tons by 2034.

The Asia-Pacific to Significantly Contribute to the Synthetic Fibres Industry Growth

North America accounted for a significant share in the industry in 2020. The demand and production of synthetic fibres in Latin America and Europe are also high. However, the Asia-Pacific is expected to create significant opportunities for the market expansion in the forecast period. This can be attributed to the escalating disposable incomes and the presence of a large population in the region. The growing production and consumption of synthetic fibres in China and India are significantly aiding the industry growth. This is further supported by the rapid urbanisation and rising standards of living in these countries.

Synthetic Fibres: Market Segmentation

Synthetic fibres are man-made fibres produced from petrochemicals. They possess superior properties like strength, elasticity, washability, lightweight, and softness. Further, they are cost-effective in nature and provide additional benefits like high lustre and wrinkle and moisture resistance, among others. They play a crucial role not only in the production of apparels but find uses in various outdoor, indoor, and commercial applications.

Based on type, the market is divided into:

• Acrylic
• Nylon
• Polyester
• Polyolefin
• Acetate
• Rayon
• Aramid
• Viscose
• Others

The various applications of synthetic fibres include:

• Apparel
• Automotive
• Healthcare
• Home Furnishing
• Aerospace
• Others

The regional markets for the product include:

• North America
• Europe
• Asia-Pacific
• Latin America
• Middle East and Africa

Rapid Advancements in Technology to Bolster the Synthetic Fibres Industry Growth

Synthetic fibres provide many benefits like they do not wrinkle easily and have good elastic properties, which make the apparels comfortable to wear. Further, these fibres are easy to wash, dry up quickly, and can be dyed easily. These fibres are not only used in general textile but are also witnessing increased adoption in the healthcare, aerospace, home furnishing, and automotive industries owing to their cost-effectiveness and durability. Other factors like rapid industrialisation, changing consumer preference, rising standards of living, increasing disposable incomes, changing fashion trends, and thriving retail sector are also boosting the industry growth. Meanwhile, the rapid technological advancements are leading to the improvement in production methods, thus, facilitating the development of synthetic fibres with superior physical, chemical, and mechanical characteristics. The growing focus of manufacturers to incorporate functional changes in synthetic fibres so that they have a little to no hazardous impact on the environment is expected to boost the industry growth in the forecast period.

Key Industry Players in the Global Synthetic Fibres Market

The report gives a detailed analysis of the following key players in the global synthetic fibres market, covering their competitive landscape, capacity, and latest developments like mergers, acquisitions, and investments, expansions of capacity, and plant turnarounds:

• Schott Textiles, Inc.
• Mitsubishi Chemical Corporation
• Reliance Industries Limited
• Lenzing AG
• Toray Industries, Inc.
• China Petrochemical Corporation
• William Barnet and Son, LLC
• Others

The comprehensive report provides an in-depth assessment of the market based on the Porter's five forces model along with giving a SWOT analysis.