Synthetic fibers are referred to man-made materials, which are produced with the help of chemicals having superior properties compared to natural fibers. Synthetic fibers are manufactured through polymerization of a variety of chemical substances. These fibers are more light-weight, stain-resistant, easy & convenient to dye, and durable. On the back of their favorable properties, synthetic fibers are widely employed for various applications in the fashion industry.
Growing Demand for Home Furnishings and Lightweight Automotive Parts to Drive Market Growth
There has been a soaring interest among consumers regarding home furnishings, which require synthetic fibers for manufacturing bed linen, wall coverings, upholstery, blankets, and carpets. Robust expansion of the real estate sector is further propelling the demand for home furnishings, with growing number of retail stores providing high quality home furnishing products at affordable prices. In addition, automotive interior materials such as body cloth fabrics are usually made up of synthetic fibers. Adoption of electric and hybrid vehicles is the latest trend being observed in the automotive market, which require lightweight components, structures, and accessories for higher vehicle efficiency. Polyester is widely used in the interior fabric of these vehicles owing to their lightweight, and abrasion resistance properties. These factors will continue to influence growth of the global synthetic fiber market. However, stringent environmental regulations appertaining to synthetic fibers’ non-biodegradability are likely to remain a major challenge for manufacturers in the global market.
The beginning chapter of this report, titled executive summary, delivers a précis of global synthetic fiber market. The executive summary contains imperative market numbers viz. the forecast (2017-2026) CAGR and the historical (2012-2016) CAGR. Market numbers delivered in this chapter concern with the market segments, especially the product and regional segments. Apropos to sales growth rate and revenues from sales of synthetic fiber worldwide, intelligence regarding financially worthwhile regions for expansion of the synthetic fiber market is incorporated in this report.
A chapter titled “overview” follows the executive summary, incorporating definition of “synthetic fiber” that proceeds an incisive market introduction. This chapter demonstrably portrays global synthetic fiber market’s broad scope. The chapters succeeding overview explicate key dynamics affecting the synthetic fiber market’s growth across the globe, and offer imperative nodes that include the bottom line of enterprises, global economy and fiscal stimulus. In addition, few chapters in this report deliver information regarding pricing analysis and the cost structure of global synthetic fiber market.
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In this report, the reader will also gain access to information regarding competitive landscape of the market, which comprise market share analysis of leading companies operating in the market. The data offered in this section shed light on competition matrix based projected value share. The competition matrix benchmarks key market participants on the basis of their performance. Insights into market share, infrastructure facilities, top line growth, future outlook and recent developments is give in this section.
The research methodology applied for compiling the report on global synthetic fiber market is tested & proven. Hence, the facts and figures pertaining to the synthetic fiber market provided in the report are highly accurate and credible. The research methodology involved exhaustive primary & secondary research that allowed analysts to make certain assessments. Moreover, data gathered using the research methodology underwent multilevel verification to ensure its authenticity and applicability.
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