Asia Pacific Synthetic Fibers Market Size & Outlook
Asia Pacific synthetic fibers market, 2018-2030 (US$M)
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Asia Pacific synthetic fibers market highlights
- The Asia Pacific synthetic fibers market generated a revenue of USD 47,048.9 million in 2022.
- The market is expected to grow at a CAGR of 8.3% from 2023 to 2030.
- In terms of segment, polyester was the largest revenue generating type in 2022.
- Nylon is the most lucrative type segment registering the fastest growth during the forecast period.
- Country-wise, China is expected to register the highest CAGR from 2023 to 2030.
Asia Pacific data book summary
| Market revenue in 2022 | USD 47,048.9 million |
| Market revenue in 2030 | USD 89,051.3 million |
| Growth rate | 8.3% (CAGR from 2022 to 2030) |
| Largest segment | Polyester |
| Fastest growing segment | Nylon |
| Historical data covered | 2018 - 2021 |
| Base year for estimation | 2022 |
| Forecast period covered | 2023 - 2030 |
| Quantitative units | Revenue in USD million |
| Market segmentation | Polyester, Nylon, Acrylics, Polyolefin |
| Key market players worldwide | DuPont de Nemours Inc, Indorama Ventures PCL ADR, Lenzing AG, Mitsubishi Electric Corp, Reliance Inc, Reliance Industries Ltd GDR - 144A, Sinopec Oilfield Service Corp Class H, Teijin Ltd, Toray Industries Inc, Toyobo Co Ltd, Bombay Dyeing |
Other key industry trends
- In terms of revenue, Asia Pacific region accounted for 71.2% of the global synthetic fibers market in 2022.
- Globally, Asia Pacific is projected to lead the regional market in terms of revenue in 2030.
- Asia Pacific is the fastest growing regional market and is projected to reach USD 89,051.3 million by 2030.
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Synthetic Fibers Market Scope
Synthetic Fibers Market Companies
| Name | Profile | # Employees | HQ | Website |
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Asia Pacific synthetic fibers market outlook
The databook is designed to serve as a comprehensive guide to navigating this sector. The databook focuses on market statistics denoted in the form of revenue and y-o-y growth and CAGR across the globe and regions. A detailed competitive and opportunity analyses related to synthetic fibers market will help companies and investors design strategic landscapes.
Polyester was the largest segment with a revenue share of 48.25% in 2022. Horizon Databook has segmented the Asia Pacific synthetic fibers market based on polyester, nylon, acrylics, polyolefin covering the revenue growth of each sub-segment from 2018 to 2030.
The Asia Pacific region dominated the global apparel & textile industry, preceded by countries, such as China, India, Bangladesh, and Vietnam, which export apparel significantly to numerous countries.
Factors such as increasing urban population, rising awareness regarding fitness, growing demand for clothing, and increasing disposable incomes are expected to drive the growth of the apparel & textile industry in the region, thereby benefitting the market growth of synthetic fiber over the forecast period.
The U.S. and the European countries are the major export markets for countries in the Asia Pacific region. The textile & apparel industry is closely related to the agricultural sector, as well as raw materials, such as cotton, wool, and synthetic fibers like polyester and nylon.
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Target buyers of Asia Pacific synthetic fibers market databook
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Our clientele includes a mix of synthetic fibers market companies, investment firms, advisory firms & academic institutions.
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30% of our revenue is generated working with investment firms and helping them identify viable opportunity areas.
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Approximately 65% of our revenue is generated working with competitive intelligence & market intelligence teams of market participants (manufacturers, service providers, etc.).
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The rest of the revenue is generated working with academic and research not-for-profit institutes. We do our bit of pro-bono by working with these institutions at subsidized rates.
Horizon Databook provides a detailed overview of continent-level data and insights on the Asia Pacific synthetic fibers market , including forecasts for subscribers. This continent databook contains high-level insights into Asia Pacific synthetic fibers market from 2018 to 2030, including revenue numbers, major trends, and company profiles.
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Asia Pacific synthetic fibers market size, by country, 2018-2030 (US$M)
Asia Pacific Synthetic Fibers Market Outlook Share, 2022 & 2030 (US$M)
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