China Synthetic Fibers Market Size & Outlook, 2022-2030
China synthetic fibers market, 2018-2030 (US$M)
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China synthetic fibers market highlights
- The China synthetic fibers market generated a revenue of USD 32,847.0 million in 2022 and is expected to reach USD 66,886.4 million by 2030.
- The China market is expected to grow at a CAGR of 9.3% 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.
Synthetic fibers market data book summary
| Market revenue in 2022 | USD 32,847.0 million |
| Market revenue in 2030 | USD 66,886.4 million |
| Growth rate | 9.3% (CAGR from 2022 to 2030) |
| Largest segment | Polyester |
| Fastest growing segment | Nylon |
| Historical data | 2018 - 2021 |
| Base year | 2022 |
| Forecast period | 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, China accounted for 49.7% of the global synthetic fibers market in 2022.
- Country-wise, China is expected to lead the global market in terms of revenue in 2030.
- In Asia Pacific, China synthetic fibers market is projected to lead the regional market in terms of revenue in 2030.
- China is the fastest growing regional market in Asia Pacific and is projected to reach USD 66,886.4 million by 2030.
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Synthetic Fibers Market Scope
Synthetic Fibers Market Companies
| Name | Profile | # Employees | HQ | Website |
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China 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 48.11% in 2022. Horizon Databook has segmented the China synthetic fibers market based on polyester, nylon, acrylics, polyolefin covering the revenue growth of each sub-segment from 2018 to 2030.
Increasing infrastructural investments by the government of China in large projects are expected to augment the demand for synthetic textiles, waterproof materials, and filtration materials, thereby driving the growth of the market in the country; The implementation of China’s 14th Five-Year Plan (2021 - 2025) for upgrading the manufacturing industry and supply chain adaptability.
The country's entrenched textile and clothing manufacturing industries and a booming retail sector are expected to have a positive impact on the demand for synthetic fibers. Furthermore, improvements in living standards have shifted the focus toward branded clothing.
The presence of major multinational fashion clothing manufacturers, including H&M, Zara, Dior, Louis Vuitton, Gucci, and Hermès, has increased the demand for branded clothing, which, in turn, is anticipated to benefit the demand for synthetic fiber market in the country.
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Our clientele includes a mix of synthetic fibers market companies, investment firms, advisory firms & academic institutions.
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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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Horizon Databook provides a detailed overview of country-level data and insights on the China synthetic fibers market , including forecasts for subscribers. This country databook contains high-level insights into China synthetic fibers market from 2018 to 2030, including revenue numbers, major trends, and company profiles.
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China synthetic fibers market size, by type, 2018-2030 (US$M)
China Synthetic Fibers Market Outlook Share, 2022 & 2030 (US$M)
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