Skip to main content

BURGEONING INDUSTRIAL DEMAND TO BOOST SYNTHETIC FIBER MARKET

 

The synthetic fiber market is anticipated to see steady growth in the coming years according to Transparency Market Research (TMR). Currently, business landscape of this market features fragmentation. A handful vendors dominate the synthetic fiber market, while the remaining shares are distributed among several vendors. This is expected to lower the entry barriers for new vendors.

The market is also witnessing high participation of regional players, who are generating substantial market revenues. Leading vendors in the global synthetic fibers are involved in the research and development of innovative product portfolio. Customization is a leading strategy that is being adopted by vendors to gain momentum in the global specialty fibers market. Collaboration and geographical expansion of production facilities is another key strategy being adopted by market players.

Leading vendors operating in the global specialty synthetic fiber market are Mitsubishi Chemical Holdings Corporation, Toray Industries, Inc., E. I. du Pont de Nemours and Company, Asahi Kasei Fibers Corporation, and Indorama Corporation. 

As reported by TMR, the global synthetic fiber market is expected to rise at a 4.10% CAGR over the forecast period 2017 to 2026. The market is estimated to reach S$ 90,000 mn in revenue by 2026.

Geography-wise, the global synthetic fibers market is expected to be dominated by Asia Pacific excluding Japan (APEJ). This could be attributed to the soaring population in the region.

Automotive Sector to Boost Growth

Automotive is expected to account the real offer of the market income. Expanding demand for automotive interior materials, for example, tweed, velvet, velour, and different fibers is expected to drive the market development. Polyester is most generally utilized material in automotives because of its light weight property. Developing demand for lighter automotive interior material is expected to drive the market development over the gauge time frame.

Request PDF brochure:

https://www.transparencymarketresearch.com/sample/sample.php?flag=B&rep_id=2075

In any case, stringent natural controls identified with non-biodegradability of synthetic fiber represent a test to the market accordingly directions influence the appropriation rate of synthetic fibers.

Apparel Industry to Offer Lucrative Opportunity

Clothing industry that includes work wear, children’s wear, menswear and women’s wear, has been seeing an ascent on account of swift growth in urban populace, which inclines toward obtaining simple to look after attire. Buyers over the globe demand for garments that is helpful and offers security in the riotous urban way of life. As clothing created from synthetic fibers involves each of these characteristics, their demand will observer a considerable ascent among consumers universally.

Makers over the globe are engaged in research and development to create different innovations and procedures to grant better specialized and security attributes in their products. Substantial consideration has been given to fuse useful changes in synthetic fibers with almost no risky effect on the globe. This is expected to fuel the global synthetic fiber market to a substantial degree.

Request impact analysis on this market: https://www.transparencymarketresearch.com/sample/sample.php?flag=covid19&rep_id=2075

Comments

Post a Comment

Popular posts from this blog

Global Competitive Market analysis of Clear Brine Fluids- Forecast to 2023

  According to the research report by Transparency Market Research on  clear brine fluids market , the growth rate is projected to be at 6.2% CAGR for the period of 2015 to 2023. With this rate of growth the global market will reach a valuation of US$1,444.7 mn by the fall of 2023. This is a considerable growth in valuation with an initial record of US$944.8 mn in 2016. Leading Market Players to Concentrate on Cutting down Manufacturing Costs The competitive landscape of the global clear brine fluids market is a highly contested one. The market is controlled by the well-established companies with years of business experience. Moreover, the competition in the market is high due to presence of large pool of companies. It is projected that in the near future, the leading companies in the clear brine fluids market will concentrate on cutting down the cost of manufacturing so as to finish off the offshore drilling projects. Some of the notable names in the global clear brine fl...
Post a Comment
Read more

Global market research survey on Biodegradable Plastics

  The demand within the global  biodegradable plastics market  is growing on account of advancements in green packaging. Plastic manufacturing has witnessed a downfall post the turn of the 21 st  century. Several countries and regions have banned the use of plastics in green zones, and this has placed a toll on plastic manufacturers. However, near irreplaceability of plastics across multiple industries such as packaging and retail has shifted the focus towards biodegradable plastics. This factor, coupled with the development of eco-friendly standards across the globe, has driven market demand. ­Transparency Market Research (TMR) finds that the global biodegradable plastic market shall expand at a whopping CAGR of 9.9% over the period between 2015 and 2023. Furthermore, the total revenues within the global biodegradable plastics market shall touch US$17.66 bn by 2023-end, rising up from a value of US$9.10 bn in 2016. Growing inclination of industrial and residential...
Post a Comment
Read more

Global Competitive Analysis of Couverture Chocolate Market

  Couverture Chocolate: Market outlook Improving the economy of various countries has led to increase in disposable income and raised the standard of living, which put impact over the rising trend of premiumization and consumption of premium products in food and beverage segment. Couverture chocolate is also gaining the demand in the premium product segment owing to the presence of a greater percentage of cocoa butter relative to the other ingredients. Unlike regular chocolate, couverture chocolates are ground to finer texture during the grinding process which leads to producing superior flavor and texture. Improved flavor and texture of couverture chocolate make them favorable for enrobing and tempering of bonbons, truffles, and other fine candies. Also, chocolate couverture is called as cooking chocolate due to its application as a glazing and filling agent. In the global chocolate market, the demand for couverture is also increasing manufactures due to its stability. Chocolate...
Post a Comment
Read more