Europe Synthetic Fibers Market Size & Outlook, 2022-2030
Europe synthetic fibers market, 2018-2030 (US$M)
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Europe synthetic fibers market highlights
- The Europe synthetic fibers market generated a revenue of USD 5,142.3 million in 2022.
- The market is expected to grow at a CAGR of 5% 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, Germany is expected to register the highest CAGR from 2023 to 2030.
Europe data book summary
| Market revenue in 2022 | USD 5,142.3 million |
| Market revenue in 2030 | USD 7,578.5 million |
| Growth rate | 5% (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, Europe region accounted for 7.8% 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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Europe 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 48.74% in 2022. Horizon Databook has segmented the Europe synthetic fibers market based on polyester, nylon, acrylics, polyolefin covering the revenue growth of each sub-segment from 2018 to 2030.
The region has numerous textile manufacturers such as Advansa BV, Aquafil, Ascend Performance Materials, Assofibre CRIFS Italia, BASF, and others due to its wide consumer base and favorable production facilities. This is anticipated to progress the market growth over the coming years.
Synthetic fiber is primarily opted for by end-use industries like clothing, carpets, and household textiles. The material is also used in different technical products such as tires, conveyor belts, fillings for sleeping bags and cold-weather clothing, filters, fire-resistant materials, and reinforcement in composites used for advanced aircraft production.
The wide application of synthetic fiber coupled with the presence of numerous industry players is anticipated to positively influence the market growth over the forecast period. The region has a well-established medical sector with the most recent technologies.
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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 continent-level data and insights on the Europe synthetic fibers market , including forecasts for subscribers. This continent databook contains high-level insights into Europe synthetic fibers market from 2018 to 2030, including revenue numbers, major trends, and company profiles.
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Europe synthetic fibers market size, by country, 2018-2030 (US$M)
Europe Synthetic Fibers Market Outlook Share, 2022 & 2030 (US$M)
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