Middle East & Africa Synthetic Fibers Market Size & Outlook, 2030

Revenue, 2022 (US$M)

$2,768.8

Forecast, 2030 (US$M)

$3,817.1

CAGR, 2023 - 2030

4.1%

Report Coverage

Middle East & Africa

Middle East & Africa synthetic fibers market, 2018-2030 (US$M)

Related Markets

Global Synthetic Fibers Industry Outlook

North America Synthetic Fibers Market Outlook

U.S. Synthetic Fibers Market Outlook

Europe Synthetic Fibers Market Outlook

Germany Synthetic Fibers Market Outlook

France Synthetic Fibers Market Outlook

UK Synthetic Fibers Market Outlook

Asia Pacific Synthetic Fibers Market Outlook

China Synthetic Fibers Market Outlook

India Synthetic Fibers Market Outlook

Taiwan Synthetic Fibers Market Outlook

Latin America Synthetic Fibers Market Outlook

Brazil Synthetic Fibers Market Outlook

MEA synthetic fibers market highlights

The MEA synthetic fibers market generated a revenue of USD 2,768.8 million in 2022.
The market is expected to grow at a CAGR of 4.1% from 2023 to 2030.
In terms of segment, polyester was the largest revenue generating type in 2022.
Polyester is the most lucrative type segment registering the fastest growth during the forecast period.

MEA data book summary

Market revenue in 2022	USD 2,768.8 million
Market revenue in 2030	USD 3,817.1 million
Growth rate	4.1% (CAGR from 2022 to 2030)
Largest segment	Polyester
Fastest growing segment	Polyester
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, MEA region accounted for 4.2% 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.

Key Regions: U.S. , UK , Brazil , Germany , France

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Synthetic Fibers Market Scope

Synthetic fibers market segmentation & scope

Type

Polyester

Nylon

Acrylics

Polyolefin

Others

Application

Clothing

Home Furnishing

Automotive

Filtration

Others

Regions

Latin America

Europe

North America

Middle East & Africa

Asia Pacific

Countries

U.S.

Germany

France

China

India

Taiwan

Brazil

Synthetic Fibers Market Companies

Name	Profile	# Employees	HQ	Website

Middle East & Africa 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 49.36% in 2022. Horizon Databook has segmented the Middle East & Africa synthetic fibers market based on polyester, nylon, acrylics, polyolefin covering the revenue growth of each sub-segment from 2018 to 2030.

The Middle East & African market is expected to be driven by the rising automotive industry. Thus, the growth of automotive manufacturing, coupled with the use of the product in interior refurbishing, is likely to drive product consumption in the region.

Rising demand for synthetic fibers in the manufacturing of carpets and other home décor products, driven by the growing building & construction industry in the region, is expected to positively impact the growth of the market over the forecast period.

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Horizon Databook provides a detailed overview of continent-level data and insights on the Middle East & Africa synthetic fibers market , including forecasts for subscribers. This continent databook contains high-level insights into Middle East & Africa synthetic fibers market from 2018 to 2030, including revenue numbers, major trends, and company profiles.

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