Germany Synthetic Fibers Market Size & Outlook, 2022-2030
Germany synthetic fibers market, 2018-2030 (US$M)
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Germany synthetic fibers market highlights
- The Germany synthetic fibers market generated a revenue of USD 1,735.4 million in 2022 and is expected to reach USD 2,668.1 million by 2030.
- The Germany market is expected to grow at a CAGR of 5.5% 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.
Synthetic fibers market data book summary
| Market revenue in 2022 | USD 1,735.4 million |
| Market revenue in 2030 | USD 2,668.1 million |
| Growth rate | 5.5% (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, Germany accounted for 2.6% 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 Europe, Germany synthetic fibers market is projected to lead the regional market in terms of revenue in 2030.
- Germany is the fastest growing regional market in Europe and is projected to reach USD 2,668.1 million by 2030.
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Synthetic Fibers Market Scope
Synthetic Fibers Market Companies
| Name | Profile | # Employees | HQ | Website |
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Germany 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 49.21% in 2022. Horizon Databook has segmented the Germany synthetic fibers market based on polyester, nylon, acrylics, polyolefin covering the revenue growth of each sub-segment from 2018 to 2030.
The growing product penetration in automotive applications in the country is likely to open new avenues for the synthetic fibers market growth. Germany is among the largest automotive producers globally. The presence of major automobile companies such as Volkswagen, Ford Motor Company, BMW, Porsche, Opel, Audi, and Mercedes-Benz is likely to positively impact the growth of the synthetic fibers market over the forecast period.
The German annual output of automotive industry is approximately 6 million units yearly and accounts for a dominant share of the European Union. Germany is among the largest and most renowned automotive manufacturers owing to its complete value chain integration in the industry, excellent infrastructure, and highly qualified workforce.
The penetration of polyester and nylon in automotive industry is increasing because of their lightweight and durability. All the aforementioned factors are predicted to boost the market growth in the forecasted years.
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Horizon Databook provides a detailed overview of country-level data and insights on the Germany synthetic fibers market , including forecasts for subscribers. This country databook contains high-level insights into Germany synthetic fibers market from 2018 to 2030, including revenue numbers, major trends, and company profiles.
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Germany synthetic fibers market size, by type, 2018-2030 (US$M)
Germany Synthetic Fibers Market Outlook Share, 2022 & 2030 (US$M)
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