Dublin, Sept. 21, 2022 (GLOBE NEWSWIRE) -- The "Synthetic Fiber Market Size, Share & Trends Analysis Report by Type (Polyester, Nylon, Acrylics), by Application (Clothing, Home Furnishing), by Region, and Segment Forecasts, 2022-2030" report has been added to ResearchAndMarkets.com's offering. The global synthetic fiber market is expected to reach USD 98.21 billion by 2030. The market is anticipated to grow at a lucrative CAGR of 5.1% from 2022 to 2030. The increasing consumer demand for cost-effective, durable, and easy-to-wash & maintainable synthetic fabrics is expected to drive the market growth during the forecast period. The shifting fashion trends coupled with the rising urban population with modern living standards are expected to provide opportunities for high-end polyester fibers. Synthetic fibers have been extensively used in the textile industry and exhibit superior properties as compared to natural fibers. Thus, the market for synthetic fibers is anticipated to grow with the expansion of the textile industry. Fabrics produced from synthetic fibers, such as acrylics, polyester, nylon, and rayon, are used in an array of applications in the clothing segment. These fabrics are strong, durable, easy to dye, & soft, and act as a highly absorbent material. The factors like the digitalization of production facilities and the growing textile industry in emerging economies are expected to surge market growth during the forecasted period. Asia Pacific is the largest market for synthetic fibers, with demand likely to rise throughout the forecast period due to the region's high population density and rising need for synthetic fiber products in sectors such as automotive, textile, filtration, and furniture. The region's growing economies, particularly India and China, will see an increase in demand for synthetic fibers. The presence of major multinational fashion clothing manufacturers, including H&M, Zara, Dior, Louis Vuitton, Gucci, and Hermes, has increased the demand for branded clothing, which, in turn, is anticipated to benefit the demand for synthetic fiber market in the country. The synthetic fiber market exhibits a large number of players in the market resulting in high competitive rivalry. To gain a competitive edge many companies are adopting various strategies such as new product launches, mergers, enhancing portfolios, and adapting various technological advancements. Synthetic Fiber Market Report Highlights
The polyester type segment accounted for USD 30.53 billion in 2021 and is projected to grow at a CAGR of 5.0% from 2022 to 2030. The growth can be attributed to its application in the production of textiles, home furnishing, and upholstery.
The escalating e-commerce industry has provided opportunities to different sports apparel retailers to offer products like sports and gym clothing which are lightweight and have moisture-wicking properties. This is likely to boost the demand for polyester fiber during the forecast period.
Clothing applications accounted for the revenue share of 46.5% in 2021 on account of the growing demand for gym apparel in the urban population regarding their increasing focus on fitness. The lifestyle improvements and increasing spending capacity of the consumer are further driving the demand for apparel, which is expected to provide growth opportunities to the synthetic fibers market. In addition, changing fashion trends coupled with the rising demand for artificial silk are expected to boost the market growth.
The increase in spending capability of consumers and aspiration for better-looking interiors are projected to boost the need for home furnishings in these regions. The growth in home furnishings is, in turn, expected to result in the growing demand for synthetic fiber during the forecast period.
The Asia Pacific is projected to witness substantial market growth of 5.5% from 2022 to 2030. The apparel and textile industry in the region is expected to witness significant growth in the coming years owing to the increasing infrastructural investments by different governments in large projects that are expected to augment the demand for synthetic textiles.
Key market players are undertaking mergers and collaborations to expand their reach and increase production capacity, thereby advancing their market share. Additionally, the players are investing heavily in R&D to overcome environmental concerns, since breakthroughs in polyester production and synthetic fiber recycling are not a cure for all environmental issues.
Rising Adoption of Polyester Fiber
Expansion of the Textile Industry
Key Topics Covered: Chapter 1. Methodology and Scope Chapter 2. Executive Summary Chapter 3. Synthetic Fibers Market Variables, Trends & Scope Chapter 4. Synthetic Fiber Market: Type Estimates & Trend Analysis Chapter 5. Synthetic Fiber Market: Application Estimates & Trend Analysis Chapter 6. Synthetic Fiber Market: Regional Estimates & Trend Analysis Chapter 7. Competitive Landscape Chapter 8. Company Profiles Companies Mentioned
China Petroleum Corporation (Sinopec Corp.)
For more information about this report visit https://www.researchandmarkets.com/r/uirkd8
(Bloomberg) -- Next week’s elections in Brazil pose a challenge to Petrobras investors. Former President Luiz Inacio Lula da Silva, the front-runner, has vowed to use the company as a vehicle for national development. Incumbent Jair Bolsonaro, who’s fighting for a come-from-behind upset, is proposing the complete opposite, with plans to privatize the state-run giant.The contrast is a rare one in this election cycle, in which the leading candidates have offered few details about economic policies
Roku (NASDAQ: ROKU) faces a challenging scenario in the near term due to supply chain disruptions and inflation. However, it has this powerful tailwind at its back over the longer term. In this video, I will highlight how this could help Roku's stock bounce higher.
On Wednesday, the Fed bumped up interest rates again, its third 75-basis point hike since June, and signaled that there could be two more such hikes by the end of this year. The conventional wisdom has the Fed acting properly, and aggressively, in an attempt to counter inflation raging at 40-year high levels. But conventional wisdom isn’t always right – and we can learn a lot by consulting the contrarians. Few top investors are more contrarian than Cathie Wood. The founder and manager of ARK Inv
Word spread quickly yesterday that almost 1.1 million Tesla (NASDAQ: TSLA) vehicles were being recalled. At the morning's lows, Tesla shares were down just shy of 5%. The stock market isn't always efficient, but simple math indicates that the recall isn't the reason Tesla shares have dropped for a second straight day.
At a companywide all-hands meeting this week, Alphabet Inc (NASDAQ: GOOG) (NASDAQ: GOOGL) chief Sundar Pichai juggled tough questions from employees regarding cuts to travel and entertainment budgets, managing productivity, and potential layoffs. Employees questioned why Google is "nickel-and-diming employees" by cutting travel and swag budgets despite record profits and substantial cash reserves as it did after the pandemic. Pichai emphasized acting responsibly to tide through such critical sit
The shipping company has developed a reputation as one of the best dividend stocks around
Netflix Inc. is seeking a new chief accounting officer after its current one quit the role after less than four months.
In this article, we discuss 10 best stocks to buy before recession begins. If you want to see more stocks in this selection, click 5 Best Stocks to Buy Before Recession Begins. Between 1929 and 1939, the period famously dubbed the Great Depression, global economies suffered from stock market crashes, sharp declines in output, high […]
Boeing (NYSE: BA) made a big move to put part of its troubled past behind it, but the aerospace manufacturer also apparently has fallen out of favor with what had been a key customer in China. Boeing has taken its investors on a turbulent ride over the past few years. The company's 737 MAX, which was once billed as having the potential to be the top-selling aircraft of all time, was involved in fatal crashes in 2018 and 2019 that led to the plane being grounded for 18 months and prompted a comprehensive review of Boeing's engineering and safety practices.
The hedge fund legend has spoken. Pay attention.
Yahoo Finance Live anchor Seana Smith highlights stocks moving in after-hours trading, including Ford, FedEx, and Moderna.
In this article, we discuss the 11 best commodity stocks to invest in. If you want to read about some more commodity stocks, go directly to 5 Best Commodity Stocks To Invest In. Macroeconomic concerns have been clouding the commodities market in the past few days after the Federal Reserve in the United States hiked […]
Forget everything you think you know about the relationship between interest rates and the stock market.
The comments made by CFO Richard Galanti on its conference call suggest the Fed will still be in inflation-fighting mode for the rest of the year
Yahoo Finance's Jared Blikre joins the Live show to check out market and sector losses amid today's sell-off, while also looking at meme stocks and the travel industrial.
AT&T has been crushed this year, down more than 40% from its high. But now the stock nears a key area on the charts with a 7% dividend yield.
Shares of recreational vehicle (RV) company Camping World Holdings (NYSE: CWH) crashed on Friday, after an analyst lowered their price target in a research note. As of 1:10 p.m. ET, Camping World stock was down 10%. Truist analyst Michael Swartz has been busily researching the state of the RV market, which led him to lower his target price for Camping World stock.
As much as stocks are falling, moves in another financial market have even more profound implications for the global economy.
NEW YORK (Reuters) -A week of heavy selling has rocked U.S. stocks and bonds, and many investors are bracing for more pain ahead. Wall Street banks are adjusting their forecasts to account for a Federal Reserve that shows no evidence of letting up, signaling more tightening ahead to fight inflation after another market-bruising rate hike this week. The S&P 500 is down more than 22% this year.
DEEP DIVE Another difficult week for U.S. stocks ended with shares of oil producers sliding and Ford Motor Co. tumbling further on concerns over supply shortages. The S&P 500 (SPX) fell 1.7% on Friday for a one-week decline of 4.