Synthetic Fibers Market, By Type, By Application, By Country, and By Region - Global Industry Analysis, Market Size, Market Share & Forecast from 2025-2032
Synthetic fibers market size was valued at US$ 73,920.53 Million in 2024, expanding at a CAGR of 3.78% from 2025 to 2032.
Synthetic fibers are man-made fibers produced through chemical synthesis, primarily from petrochemicals. Unlike natural fibers derived from plants or animals, synthetic fibers such as nylon, polyester, acrylic, and spandex are created by polymerizing small molecules into long chains. These fibers are valued for their durability, resistance to water and stains, elasticity, and affordability. They are widely used in textiles, automotive, home furnishings, and industrial applications due to their strength and versatility.
Synthetic Fibers Market- Market Dynamics
Increasing demand for synthetic fibers in the textile industry to propel market demand
The global textile industry's growth is propelling the demand for synthetic fibers, particularly in clothing and home furnishings. Synthetic fibers like polyester and nylon are favored for their durability and cost-effectiveness. In addition, innovations in fiber production, such as the development of microfibers and high-performance textiles, are enhancing fabric properties and expanding their applications. However, environmental concerns and volatility in raw material prices are expected to hamper the growth of the synthetic fibers market in the coming years. On the contrary, emerging economies present significant growth opportunities due to increasing urbanization and rising disposable incomes. Moreover, there's a growing demand for eco-friendly alternatives to traditional synthetic fibers.
Synthetic Fibers Market- Key Insights
As per the analysis shared by our research analyst, the global market is estimated to grow annually at a CAGR of around 3.78% over the forecast period (2025-2032)
Based on Type segmentation, polyester was predicted to show maximum market share in the year 2024
Based on application segmentation, clothing was the leading application in 2024
On the basis of region, Asia-Pacific was the leading revenue generator in 2024
Synthetic Fibers Market- Segmentation Analysis:
The Global Synthetic Fibers Market is segmented on the basis of Type, Application, and Region.
The market is divided into five categories based on Type: nylon, polyester, polyolefin, acrylics, and others. The polyester segment is expected to account for the major market share in the global synthetic fibers market during the forecast period. Polyester's widespread use in textiles, especially in clothing, home furnishings, and industrial applications, is driven by its durability, resistance to shrinking and stretching, and cost-effectiveness.
The market is divided into five categories based on application: home furnishing, clothing, filtration, automotive, and others. Among these, the clothing segment is expected to hold the major market share during the forecast period. This is due to the high demand for affordable, durable, and easy-care garments made from synthetic materials such as polyester and nylon, especially in fast fashion and activewear.
Synthetic Fibers Market- Geographical Insights
The Asia-Pacific region is expected to hold the major market share in the global synthetic fibers market during the forecast period. This dominance is driven by high textile production, growing population, and expanding manufacturing hubs in countries like China, India, and Vietnam.
Besides, the North America is expected to witness significant growth in the global synthetic fibers market due to high demand from key industries like automotive, home furnishing, and apparel, and strong presence of major manufacturers and R&D centers.
Synthetic Fibers Market- Competitive Landscape:
Rising demand for lightweight, durable, and cost-effective materials in apparel and industrial applications is accelerating strategic developments across the industry. Companies are expanding production capacities and investing in advanced polymer technologies to enhance fiber performance. Strategic collaborations and joint ventures are being pursued to strengthen supply chains and improve regional reach. Additionally, increasing focus on sustainability is prompting manufacturers to develop bio-based and recycled synthetic fibers, aligning with global environmental goals and enhancing their competitive positioning in the market.
Recent Developments:
In August 2024, Shinkong Synthetic Fibers Corporation has invested $10 million in Ambercycle's first commercial facility to scale global production of Cycora, a material made from end-of-life textiles, following three years of collaboration.
SCOPE OF THE REPORT
The scope of this report covers the market by its major segments, which include as follows:
GLOBAL SYNTHETIC FIBERS MARKET KEY PLAYERS- DETAILED COMPETITIVE INSIGHTS
Bombay Dyeing
Indorama Corporation
E. I. du Pont de Nemours and Company
Lenzing AG
Reliance Industries Limited
Mitsubishi Chemical Holdings Corporation
China Petroleum Corporation (Sinopec Corp.)
Toray Chemical Korea, Inc.
Teijin Limited
Toyobo Co., Ltd.
Reliance Industries Limited
RadiciGroup
Eastman Chemical Company
Barnet GmbH & Co. KG
Leigh Fibers, Inc.
Kolon Industries, Inc.
Tongkun Group Co. Ltd.
Asahi Kasei Corporation
Others
GLOBAL SYNTHETIC FIBERS MARKET, BY TYPE- MARKET ANALYSIS, 2019 - 2032
Nylon
Polyester
Polyolefin
Acrylics
Others
GLOBAL SYNTHETIC FIBERS MARKET, BY APPLICATION- MARKET ANALYSIS, 2019 - 2032
Home Furnishing
Clothing
Filtration
Automotive
Others
GLOBAL SYNTHETIC FIBERS MARKET, BY REGION- MARKET ANALYSIS, 2019 - 2032
North America
U.S.
Canada
Europe
Germany
UK
France
Italy
Spain
The Netherlands
Sweden
Russia
Poland
Rest of Europe
Asia Pacific
China
India
Japan
South Korea
Australia
Indonesia
Thailand
Philippines
Rest of APAC
Latin America
Brazil
Mexico
Argentina
Colombia
Rest of LATAM
The Middle East and Africa
Saudi Arabia
UAE
Israel
Turkey
Algeria
Egypt
Rest of MEA
Table of Contents
1. Synthetic Fibers Market Overview
1.1. Study Scope
1.2. Market Estimation Years
2. Executive Summary
2.1. Market Snippet
2.1.1. Synthetic Fibers Market Snippet by Type
2.1.2. Synthetic Fibers Market Snippet by Application
2.1.3. Synthetic Fibers Market Snippet by Country
2.1.4. Synthetic Fibers Market Snippet by Region
2.2. Competitive Insights
3. Synthetic Fibers Key Market Trends
3.1. Synthetic Fibers Market Drivers
3.1.1. Impact Analysis of Market Drivers
3.2. Synthetic Fibers Market Restraints
3.2.1. Impact Analysis of Market Restraints
3.3. Synthetic Fibers Market Opportunities
3.4. Synthetic Fibers Market Future Trends
4. Synthetic Fibers Industry Study
4.1. PEST Analysis
4.2. Porter's Five Forces Analysis
4.3. Growth Prospect Mapping
4.4. Regulatory Framework Analysis
5. Synthetic Fibers Market: Impact of Escalating Geopolitical Tensions
5.1. Impact of COVID-19 Pandemic
5.2. Impact of Russia-Ukraine War
5.3. Impact of Middle East Conflicts
6. Synthetic Fibers Market Landscape
6.1. Synthetic Fibers Market Share Analysis, 2024
6.2. Breakdown Data, by Key Manufacturer
6.2.1. Established Players' Analysis
6.2.2. Emerging Players' Analysis
7. Synthetic Fibers Market - By Type
7.1. Overview
7.1.1. Segment Share Analysis, By Type, 2024 & 2032 (%)
7.1.2. Nylon
7.1.3. Polyester
7.1.4. Polyolefin
7.1.5. Acrylics
7.1.6. Others
8. Synthetic Fibers Market - By Application
8.1. Overview
8.1.1. Segment Share Analysis, By Application, 2024 & 2032 (%)
8.1.2. Home Furnishing
8.1.3. Clothing
8.1.4. Filtration
8.1.5. Automotive
8.1.6. Others
9. Synthetic Fibers Market- By Geography
9.1. Introduction
9.1.1. Segment Share Analysis, By Geography, 2024 & 2032 (%)
9.2. North America
9.2.1. Overview
9.2.2. Synthetic Fibers Key Manufacturers in North America
9.2.3. North America Market Size and Forecast, By Country, 2019 - 2032 (US$ Million)
9.2.4. North America Market Size and Forecast, By Type, 2019 - 2032 (US$ Million)
9.2.5. North America Market Size and Forecast, By Application, 2019 - 2032 (US$ Million)