Synthetic Fibers 2020-Size, Status, Growth Trends, Demand, Opportunities, Top Companies Players, Share Insight and Regional Forecast to 2027
The latest study conducted by Market Research Future
(MRFR) reveals that the global market for synthetic fiber is set to exhibit an
above-average CAGR of 7.25% during the forecast period (2018-2023). Unlike
natural fibers, synthetic fibers are produced using chemicals. The procedure
involves polymer and monomers linking through polymerization. Synthetic fibers
are artificial and possess superior chemical and physical properties such as
lightweight, high durability, elasticity and wrinkle resistance. This has
helped in driving the popularity of synthetic fibers extensively. Moreover, such
fibers have a relatively lower-price tag then bio-based or natural fibers. They
are used in manufacturing products that require moisture resistance, and easy
crease recovery. These essential qualities of the synthetic fiber makes it an
apt material for the textile industry. Synthetic fibers are increasingly used
in clothing, home furnishing and automotive interior designing applications. By
the year 2023, the global synthetic fiber market is expected to reach USD
144,279.9 Mn in terms of value.
Synthetic fibers use in the automotive interiors and
home furnishings manufacturing has increased substantially in recent years. The
constantly evolving fashion trends and lifestyles has led to an increase demand
for fibers, which is creating opportunities for market players. Further, the
supply and demand gap in natural fiber is also acting as major growth enabler
for the global synthetic fiber market. Nonetheless, volatility in raw material
prices like those of caprolactam and acrylonitrile has an undesirable effect on
the market. Manufacturers are focusing on production of bio-based or green
synthetic fibers to overcome such hurdles.
Global Synthetic
Fiber Market: Regional Analysis
The market has been covered across major regions such
as North America, Europe, the Middle East & Africa (MEA), Asia Pacific
(APAC) and South America. During the forecast period, the APAC is expected to
spearhead the global synthetic fiber market. In 2017, APAC accounted for more
than 58% market share. The market in APAC is anticipated to surpass a valuation
of USD 87,800 Mn by the year 2023. The massive population in the region and the
high rate of urbanization is likely to drive the growth of the synthetic fiber
market in APAC over the next several years.
Access Report Details
@
https://www.marketresearchfuture.com/reports/synthetic-fibers-market-5284
Global Synthetic
Fiber Market: Competitive Landscape
Some of the prominent market players profiled in
MRFR’s report include Bombay Dyeing Inc., Toyobo Co. Ltd, Teijin Limited,
Indorama Corporation, China Petrochemical Corporation, DowDuPont, Mitsubishi
Chemical Holdings Corporation, Toray Chemical Korea, Inc., Lenzing AG, and
Reliance Industries Limited.
Global Synthetic
Fiber Market: Segmental Analysis
MRFR’s report includes a segmental analysis of the
market based on type and application. On the basis of type, the market has been
segmented into polyester, acrylic, nylon, polyolefin, and others. In 2017, the
polyester segment accounted for over 67% of the market share. The segment is
expected to remain highly profitable during the assessment period. The growing
demand for affordable and high-performance fiber in clothing and home
furnishing is partly boosting the demand for polyester-based synthetic fibers.
The nylon segment currently holds the second position and likely to exhibit a healthy
CAGR during the review period. Nylon application has increased in manufacturing
of products such as nets, tire cords, tarpaulins, hoses, monofilament fishing
lines, conveyor belts, seatbelts, tents, and parachutes.
On the basis of application, the market has been
segmented into clothing, home furnishing, automotive, filtration, and others.
The clothing segment is expected to retain its leading position over 2023. The
segment stood at USD 45,102.7 Mn in 2017 and is projected to witness a healthy
growth during the assessment period. This can be attributed to the boom of
e-commerce and a rise in spending on premium priced clothing.
Request For A Sample
Report Copy Here @
https://www.marketresearchfuture.com/sample_request/5284
Global Water
Treatment Chemicals Market – Segmentation
The MRFR analysis is segmented into three key dynamics
for the convenience of the report and enhanced understanding;
By Types : Scale Inhibitor, Corrosion Inhibitor,
Biocides & Disinfectant, Anti-foaming agents and Chelating agents, among
others.
By Applications : Food & Beverage, Municipal Water
Treatment, Chemical Processing, Power Generation, and Oil & Gas, among
others.
By Regions : North America, Europe, APAC, and
Rest-of-the-World.
Water Treatment
Chemicals Market - Regional Analysis
The Asia Pacific region accounts for the leading
market for water treatment chemicals mainly due to the ample availability of
feedstock, and cost-combative labor force. The increasing development
strategies drive the market growth in the region, fulfilling the demand for the
product.
Attributing to the growing awareness in the region
towards the benefits of wastewater treatments, the region is likely to retain
its hegemony over the global market during the assessment period, witnessing
the largest production and consumption of these chemicals. The largest number
of manufacturing plants and consumption in the countries such as India, Taiwan,
and South Korea is the key driving force for the market growth in the region.
The Europe region is emerging as the second-largest
market for the water treatment chemicals, accounting for the substantial growth
in the global market. Factors substantiating the market growth include the
presence of well-established end-use industries and rising expenditures on R&D
and innovation in the countries like the U.K., France, Germany, and Italy.
Evidently, the resurging economy in the region is a
key driving force for the market growth which is invariably increasing the
consumer spending, improving their purchasing power. Owing to the upsurge in
the food processing and water treatment sector, the region is expected to
witness a phenomenal growth during the assessment period.
North America, emerging as one of the lucrative
markets for the water treatment chemicals is expected to witness a significant
market growth. The growing industrialization backed by the rising investments
transpired in the field are some of the factors driving the markets in the
countries such as the US, Canada, and Mexico which is further expected to drive
the market growth in the region during the review period.
Global Water
Treatment Chemicals Market - Competitive Landscape
The competitive market of water treatment chemicals
appears to be fragmented owing to a huge number of companies operating in the
market, churning the market competition. Increasing innovations and
technologies will generate strong investment opportunities for the players.
They strive to continue to commercialize other techniques that can lower the
production.
To gain the competitive advantage, these players try
to attain expertise in developing techniques, managing supply chains and
in-depth domain knowledge in a number of advanced materials in addition to the
prevailing strategies such as acquisition, partnership, and expansion of
manufacturing facilities.
The competitive landscape of the market is determined
by evaluating numerous market participants along with their production chain,
production capacities, and the revenue generated by the each manufacturer.
Key Players:
The market is led by some of the fervent players
including Ashland Inc., GE Water & Process Technologies, Kemira Oyj's, The
Dow Chemical Company, Ecolab USA Inc., Akzo Nobel N.V., Buckman Laboratories
International Inc., BASF SE, Cortec Corporation and Solvay S.A. Profiling them
in its analysis, MRFR finds out their strategies keeping them at the forefront
of competition.
Industry/Innovation/Related
News
July 09, 2018 – Modern Water Plc., (UK), an eminent
provider of advanced membrane technology inaugurated the world’s first brine
treatment plant in Vadodara (India). The new Vadodara based brine-treatment
unit, based on Modern Water’s all-membrane brine concentration process (AMBC)
can treat technically challenging waste water released by the Indian chemicals
giant Bodal Chemicals.
This is a crucial part of an energy-efficient
treatment process for a highly saline organic-laden effluent stream from the
dye manufacturing operation that achieves zero liquid discharge.
Request For Sample
Report Here @
https://www.marketresearchfuture.com/sample_request/1843
About Market Research Future:
At Market Research Future (MRFR), we
enable our customers to unravel the complexity of various industries through
our Cooked Research Report (CRR), Half-Cooked Research Reports (HCRR), &
Consulting Services.
MRFR team have supreme objective to
provide the optimum quality market research and intelligence services to our
clients. Our market research studies by products, services, technologies,
applications, end users, and market players for global, regional, and country
level market segments, enable our clients to see more, know more, and do more,
which help to answer all their most important questions.
In order to stay updated with
technology and work process of the industry, MRFR often plans & conducts
meet with the industry experts and industrial visits for its research analyst
members.
Contact:
Market Research Future
Phone: +16468459312
Comments
Post a Comment