Synthetic Fibers Market Trends with Latest Innovations, CAGR of , Future Demand, Growth Plans by Top Leading Players, Recent Developments, Market Dynamics, SWOT Analysis and Forecast till 2027
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