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Synthetic Textile Fiber Market

Global synthetic textile fiber market size is expected to increase significantly during the forecast period (2019-2027), owing to growing use of synthetic fibers in various industries.
Synthetic Textile Fiber Market Size and Forecast 2027
Synthetic fibers are manmade fibers, produced with chemical synthesis, which
is quite opposite to natural fibers. Synthetic fibers are manufactured through
extrusion, fiber-forming materials through spinnerets into the air to form a
thread. Long before the development of synthetic fibers, cellulose was used for
manufacturing of fibers, which was derived from plants. However, textile fibers
are be manufactured from various materials including fur, animal hair,
silkworm, etc. The textile companies are obligated to mention textile content
details on the label, which is used to test textiles to meet different safety norms
such as machine washable, flame resistance, and dry-cleaning ability. Olefin,
rayon, luminex, lyocell, acrylic, polyester, tencel, spandex, nylon, Lurex, acetate
are some of the common synthetic fibers used in various applications.
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Market Regional Analysis
Asia Pacific is expected to gain a significant market share in the global synthetic
textile fiber market over the forecast period. This is owing to lack of regulations
and increasing demand from emerging economies such as India and China. Due
to lack of regulations, major key players are shifting production site to Asia
Pacific countries, which is expected to support the market growth. North
America is expected to witness significant growth, owing to increasing demand
and production of synthetic textile fiber in the region.
Market Players
Key players operating in the global synthetic textile fiber market are
Bridgestone Corporation, DuPont (EI) de Nemours, Bayer AG, BP Amono Plc.,
Univex SA, and BASF SE.
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