Global Synthetic Fibers Market Growth, Share, Size, Trends and Forecast (2025 - 2031)

By Type;

Polyester, Nylon, Acrylic, Polyolefin, and Others.

By Application;

Clothing, Home Furnishing, Automotive, Filtration, and Others.

By Geography;

North America, Europe, Asia Pacific, Middle East and Africa and Latin America - Report Timeline (2021 - 2031).
Report ID: Rn044991624 Published Date: March, 2025 Updated Date: April, 2025

Introduction

Global Synthetic Fibers Market (USD Million), 2021 - 2031

In the year 2024, the Global Synthetic Fibers Market was valued at USD 78,288.87 million. The size of this market is expected to increase to USD 124,894.68 million by the year 2031, while growing at a Compounded Annual Growth Rate (CAGR) of 6.9%.

The global synthetic fibers market is a significant segment of the textile industry, driven by growing demand across various end-use applications, including clothing, industrial fabrics, and automotive textiles. Synthetic fibers, such as polyester, nylon, acrylic, and polypropylene, are man-made fibers produced through chemical processes. These fibers have gained widespread popularity due to their versatility, durability, and cost-effectiveness compared to natural fibers like cotton and wool. The increasing preference for synthetic fibers can be attributed to their ability to be tailored for specific applications, such as moisture-wicking, UV protection, and enhanced strength, making them suitable for diverse industries.

In addition to their use in apparel, synthetic fibers are also increasingly utilized in the automotive, healthcare, and construction sectors. For instance, synthetic fibers like nylon and polyester are commonly used in car upholstery, seat covers, and carpets due to their resilience and resistance to wear. In the healthcare sector, synthetic fibers find applications in medical textiles, such as surgical gowns, wound dressings, and hygiene products, owing to their lightweight, moisture-resistant, and antimicrobial properties. The demand for these fibers is further fueled by advancements in fiber production technology, which enable the development of innovative, high-performance fibers that meet the growing needs of these diverse industries.

The market for synthetic fibers is experiencing significant growth due to several factors, including the expanding middle-class population, rising disposable incomes, and increasing awareness of sustainable alternatives. While concerns about environmental impact and sustainability have led to a push for eco-friendly alternatives, such as bio-based and recycled synthetic fibers, the synthetic fibers market is adapting by incorporating more sustainable practices into production. As the global demand for synthetic fibers continues to rise, driven by evolving consumer preferences and technological advancements, the market is expected to witness steady growth through the forecast period.

  1. Introduction
    1. Research Objectives and Assumptions
    2. Research Methodology
    3. Abbreviations
  2. Market Definition & Study Scope
  3. Executive Summary
    1. Market Snapshot, By Type
    2. Market Snapshot, By Application
    3. Market Snapshot, By Region
  4. Global Synthetic Fibers Market Dynamics
    1. Drivers, Restraints and Opportunities
      1. Drivers
        1. Growing demand in textiles and apparel
        2. Increasing use in automotive and industrial applications
        3. Technological advancements in fiber production
      2. Restraints
        1. Environmental concerns and sustainability issues
        2. High production costs for advanced fibers
        3. Dependency on petrochemical raw materials
      3. Opportunities
        1. Rising demand for eco-friendly synthetic fibers
        2. Expansion in emerging markets
        3. Innovations in bio-based and recycled fibers
    2. PEST Analysis
      1. Political Analysis
      2. Economic Analysis
      3. Social Analysis
      4. Technological Analysis
    3. Porter's Analysis
      1. Bargaining Power of Suppliers
      2. Bargaining Power of Buyers
      3. Threat of Substitutes
      4. Threat of New Entrants
      5. Competitive Rivalry
  5. Market Segmentation
    1. Global Synthetic Fibers Market, By Type, 2021 - 2031 (USD Million)
      1. Polyester
      2. Nylon
      3. Acrylic
      4. Polyolefin
      5. Others
    2. Global Synthetic Fibers Market, By Application, 2021 - 2031 (USD Million)
      1. Clothing
      2. Home Furnishing
      3. Automotive
      4. Filtration
      5. Others
    3. Global Synthetic Fibers Market, By Geography, 2021 - 2031 (USD Million)
      1. North America
        1. United States
        2. Canada
      2. Europe
        1. Germany
        2. United Kingdom
        3. France
        4. Italy
        5. Spain
        6. Nordic
        7. Benelux
        8. Rest of Europe
      3. Asia Pacific
        1. Japan
        2. China
        3. India
        4. Australia & New Zealand
        5. South Korea
        6. ASEAN (Association of South East Asian Countries)
        7. Rest of Asia Pacific
      4. Middle East & Africa
        1. GCC
        2. Israel
        3. South Africa
        4. Rest of Middle East & Africa
      5. Latin America
        1. Brazil
        2. Mexico
        3. Argentina
        4. Rest of Latin America
  6. Competitive Landscape
    1. Company Profiles
      1. Bombay Dyeing
      2. E. I. du Pont de Nemours and Company
      3. Indorama Corporation
      4. Lenzing AG
      5. Mitsubishi Chemical Holdings Corporation
      6. Reliance Industries Limited
      7. China Petroleum Corporation
      8. Teijin Limited
      9. Toray Chemical Korea
      10. Toyobo
  7. Analyst Views
  8. Future Outlook of the Market