GITNUX MARKETDATA REPORT 2024

Synthetic Fibers Industry Statistics

The global synthetic fibers industry is anticipated to experience steady growth over the next few years due to increasing demand in various end-use sectors such as textiles, automotive, and packaging.

With sources from: marketdataforecast.com, techsciresearch.com, fibersort.eu, ellenmacarthurfoundation.org and many more

Statistic 1

The global synthetic fibers market size was estimated at USD 51.38 billion in 2016.

Statistic 2

The global synthetic fibers market is projected to reach USD 91.8 billion by 2027.

Statistic 3

Synthetic fibers accounted for over 66% of the total fibers produced globally in 2020.

Statistic 4

Polyester holds 52% of the global synthetic fiber market share.

Statistic 5

Asia Pacific was the largest market for synthetic fibers accounting for 60% market share in 2016.

Statistic 6

The Polyester Market is projected to grow at a CAGR of 5.8% from 2017 to 2025.

Statistic 7

China is the world's largest exporter of synthetic fiber.

Statistic 8

Global synthetic fiber production is expected to reach 113.6 billion USD by 2025.

Statistic 9

By 2023, the global market of synthetics is expected to reach 85.07 billion USD.

Statistic 10

An increase in nylon applications across the textile industry is expected to drive the market growth at a CAGR of 5.75% from 2019-2025.

Statistic 11

Synthetic fibers are expected to constitute 35% of all fiber usage in clothing by 2030.

Statistic 12

The global acrylic fiber market is expected to grow at a 5% CAGR over the forecast period from 2018-2024.

Statistic 13

Textiles sector consumed around 52% share of the total output of synthetic fibers in 2020.

Statistic 14

Polyester fiber leads the consumption among synthetic fibers at 83.2%.

Statistic 15

The Nylon synthetic fiber market in India is projected to grow at a CAGR of 7.5% till 2026.

Statistic 16

Apparel application sector dominated the synthetic fiber market with a share of 30% in 2019.

Statistic 17

In 2019, synthetic fibers accounted for approximately 55% of total global fiber production.

Statistic 18

74.2% of synthetic fibers are produced in Asia.

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In this post, we present an overview of key statistics pertaining to the global synthetic fibers industry. From market size and projected growth to regional market shares and specific fiber trends, these statistics shed light on the significant role synthetic fibers play in various sectors around the world. Let’s delve into the data that shapes the landscape of synthetic fibers.

Statistic 1

"The global synthetic fibers market size was estimated at USD 51.38 billion in 2016."

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Statistic 2

"The global synthetic fibers market is projected to reach USD 91.8 billion by 2027."

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Statistic 3

"Synthetic fibers accounted for over 66% of the total fibers produced globally in 2020."

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Statistic 4

"Polyester holds 52% of the global synthetic fiber market share."

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Statistic 5

"Asia Pacific was the largest market for synthetic fibers accounting for 60% market share in 2016."

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Statistic 6

"The Polyester Market is projected to grow at a CAGR of 5.8% from 2017 to 2025."

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Statistic 7

"China is the world's largest exporter of synthetic fiber."

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Statistic 8

"Global synthetic fiber production is expected to reach 113.6 billion USD by 2025."

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Statistic 9

"By 2023, the global market of synthetics is expected to reach 85.07 billion USD."

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Statistic 10

"An increase in nylon applications across the textile industry is expected to drive the market growth at a CAGR of 5.75% from 2019-2025."

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Statistic 11

"Synthetic fibers are expected to constitute 35% of all fiber usage in clothing by 2030."

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Statistic 12

"The global acrylic fiber market is expected to grow at a 5% CAGR over the forecast period from 2018-2024."

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Statistic 13

"Textiles sector consumed around 52% share of the total output of synthetic fibers in 2020."

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Statistic 14

"Polyester fiber leads the consumption among synthetic fibers at 83.2%."

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Statistic 15

"The Nylon synthetic fiber market in India is projected to grow at a CAGR of 7.5% till 2026."

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Statistic 16

"Apparel application sector dominated the synthetic fiber market with a share of 30% in 2019."

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Statistic 17

"In 2019, synthetic fibers accounted for approximately 55% of total global fiber production."

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Statistic 18

"74.2% of synthetic fibers are produced in Asia."

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Interpretation

In conclusion, the global synthetic fibers industry has seen significant growth and is projected to continue expanding in the coming years. With key players like polyester and nylon driving market share, regions such as Asia Pacific and countries like China are at the forefront of production and export. The increasing demand for synthetic fibers in textiles and apparel applications is expected to fuel market growth, with a shift towards synthetic fibers in clothing projected to increase substantially by 2030. The statistics suggest a promising future for the synthetic fibers industry, with continued innovation and market expansion anticipated in the years ahead.

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