Synthetic Fibers Market Set to Witness an Uptick during 2021 to 2028Posted by Mrudula Anil Karmarkar on March 9th, 2022 The global synthetic fibers market size is estimated to reach USD 99.78 billion by 2028 registering a CAGR of 6.6% over the forecast period, according to a new report by Grand View Research, Inc. Increasing demand for clothing and apparel due to the changing fashion trends across the globe is likely to drive the market growth over the forecast period. The properties offered by these products, such as stretching, waterproofing, and resistance to stain, sunlight, & oil, are likely to boost their demand during the forecast period. In addition, product application in various industries, such as clothing, home furnishing, automotive, filtration, and others, is expected to add significant growth to the market. The market is heavily dependent upon the demand and changing consumer preferences, especially from the clothing and home furnishing products. Increasing adoption of strong and durable fabric for various land & air adventure sports applications involving parachutes and ropes is expected to have a positive impact on the market growth over the forecast period. The majority of the players in the market are adopting recycling and advance technology methods. It involves the usage of recycling secondary raw materials (MPS) from synthetic textile fiber wastes and composites that exhibit anti-microbial properties. This trend is expected to increase during the forecast period in the wake of rising environmental and health concerns across the globe. Increasing consumer demand for cost-effective, durable, and easy-to-wash & maintain fabrics is expected to drive the market growth over the forecast period. These types of fabrics are derived from chemical synthesis and possess excellent chemical, mechanical, and physical properties, such as strength, softness, elasticity, crease recovery, high luster, and others. Owing to such unique properties, these fibers are preferred in various application industries, such as clothing, home furnishing, filtration, automotive, and others. To Request Sample Copy of this report, click the link: https://www.grandviewresearch.com/industry-analysis/synthetic-fibers-market/request/rs1 Synthetic Fibers Market Report Highlights
List of Key Players of Synthetic Fibers Market
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