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Synthetic Textile Fiber Market - Global Industry Analysis, Growth, Trends and Forecast by 2020

Press Release   •   Jan 27, 2016 18:55 IST

A number of various scientists first discovered synthetic fibres due to extensive and continuous research over the years. These synthetic fibers were developed mainly through extrusion, fiber-forming .materials through spinnerets into the air, forming a thread. Prior to the development of synthetic fibers, fibers were manufactured artificially from a substance called cellulose, which comes from plants. These types of fibers are called cellulose fibers. Textile fibers can be manufactured through various sources using animal hair or fur, silkworm cocoons among others. 

It is mandatory for the textile industry to provide textile content details on the label and this information is used to test textiles under different conditions to meet various safety standards, for example if a textile is flame resistant, machine washable or must be dry cleaned. The various textile fibers used globally today include animal-based fibers, plant based fibers, mineral-based fibers and synthetic fibers. The commonly used synthetic fibers include rayon, acetate, tencel, polyester, aramid, acrylic, ingeo, luminex, Lurex, lyocell, nylon, spandex, olefin, polylactide among others.

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Synthetic fibers are used more widely than natural fibers and account for about half of all the fiber usage. These fibers are used in almost every field of fiber and textile technology. They are mostly utilized in the fashion industry. They have unique qualities that make them a well favored dress material. These fibers do not depend on agricultural crop and are naturally made, hence widely found.

They are cheaper when compared to natural fibers, they are easy to wash and dry up very quickly, these fibers are more stain resistant than natural fibers, resistant to insects, fibers and rot, and they pick up dyes easily and are stronger and durable than natural fibers. Along with advantages, synthetic fibers also come along with a number of disadvantages; they burn faster than natural fibers, they melt comparatively easier than natural fibers, they are not very skin friendly so these fibers can’t be worn for too long on the body and are non-biodegradable.

The market for synthetic textile fibers is expected to grow continually over the next few years. Its extensive used in the fashion industry as dress material is anticipated to accelerate its demand. The fashion industry globally is rising at a very fast pace and is expected to continue so in the next few years. Scientists are trying to develop biofibres in order to decrease the usage of completely synthetic textile fibers as they are non-biodegradable and rely on the finite oil sources that are available.

The consumers of textile fibers will readily switch to biofibers, as they are environment friendly. Generation of “greener” synthetic textile fibers is expected to enter the market in the near future, which is derived mainly from plants rather than petrochemicals. The main reasons behind the rising demand for synthetic textiles include growing population, new fashion trends, growing and disposable economies in the developing countries. The main features that may restrain the market for synthetic textiles include its non-biodegrability, the rising and volatile prices of raw material and the continuation of production shift to Asia Pacific countries.

The production and demand for synthetic textile fibers in North America is the highest followed by Latin American countries and then by Europe. However, the market for them is expected to be mature in the coming years due to the environmental regulations against its use and “green Fibers” is expected to fake over the market owing to its environment friendly nature except in Latin American countries. The production sites are shifting to Asia Pacific countries due to lack of regulations and the demand in these countries for synthetic fibers is also high and is expected to grow over the next few years. Latin American countries also have large demand for synthetic textile fibers.

Some of the major companies in the synthetic textile fiber industry include DuPont (EI) de Nemours, BASF SE, Bayer AG, Univex SA, BP Amono Plc., Bridgestone Corporation among others.

This research report analyzes this market on the basis of its market segments, major geographies, and current market trends. Geographies analyzed under this research report include

North America

Asia Pacific

Europe

Rest of the World

This report provides comprehensive analysis of

Market growth drivers

Factors limiting market growth

Current market trends

Market structure

Market projections for upcoming years

This report is a complete study of current trends in the market, industry growth drivers, and restraints. It provides market projections for the coming years. It includes analysis of recent developments in technology, Porter’s five force model analysis and detailed profiles of top industry players. The report also includes a review of micro and macro factors essential for the existing market players and new entrants along with detailed value chain analysis.

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About Us

Transparency Market Research is a global market intelligence company, providing global business information reports and services. Our exclusive blend of quantitative forecasting and trends analysis provides forward-looking insight for thousands of decision makers. We are privileged with highly experienced team of Analysts, Researchers, and Consultants, who use proprietary data sources and various tools and techniques to gather, and analyze information.

Our data repository is continuously updated and revised by a team of research experts, so that it always reflects the latest trends and information. With a broad research and analysis capability, Transparency Market Research employs rigorous primary and secondary research techniques in developing distinctive data sets and research material for business reports.