Synthetic
Fiber Market is expected to gain a positive CAGR growth in the
forthcoming period. A synthetic fiber is a chain of smaller units together and
each small unit is a chemical substance blended in a large single unit called a
polymer. More commonly, a synthetic fiber is a man-made fiber most identical to
natural fibers such as cotton, silk or wool. The common types of synthetic
fibers include Rayon, Nylon, Polyester, Acrylic and others. Characteristics of
synthetic fibers account for durability, ready availability, low maintenance,
and less expensive.
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Features and advantages
offered by synthetic fibers are primary driving factors responsible for the
growth of synthetic fiber market. Also, the shift in fashion trends and lower
cost are some factors contributing to the growth of industry. Additionally, low
supply of cotton as a natural fiber is another factor that adds to the growth
of synthetic fiber market. However, challenges such as environmental concerns,
low-melting point and flammability are some factors that hinder the growth of
synthetic fiber industry.
Geographically, synthetic
fiber market spans North America, Latin America, Europe, Middle-East,
Asia-Pacific and Africa. APAC market is expected to maintain a positive growth
in the forthcoming period with China and India being the prime players in terms
of supplier and consumer as well. North America is expected to gain a
significant share owing to production of high revenue. Europe market is somehow
expected to deliver low CAGR growth owing to low consumption for synthetic
fiber
The key players in the
synthetic fiber market include DuPont, BASF, W. Barnet GmbH & Co KG, Toray
Industries Inc, The CHA Textiles Group, Mitsubishi R
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