North America Synthetic Fibers Market Size & Outlook
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North America synthetic fibers market highlights
- The North America synthetic fibers market generated a revenue of USD 7,502.9 million in 2022.
- The market is expected to grow at a CAGR of 4.9% 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, U.S. is expected to register the highest CAGR from 2023 to 2030.
North America data book summary
| Market revenue in 2022 | USD 7,502.9 million |
| Market revenue in 2030 | USD 11,017.5 million |
| Growth rate | 4.9% (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, North America region accounted for 11.3% 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 |
|---|---|---|---|---|
| Bombay Dyeing | View profile | 501-1000 | Mumbai, Maharashtra, India, Asia | https://bombaydyeing.com |
| Reliance Industries Ltd GDR - 144A | View profile | 389414 | 222, Nariman Point, 3rd Floor, Maker Chambers IV, Mumbai, MH, India, 400021 | https://www.ril.com |
| Reliance Inc | View profile | 15500 | 16100 N. 71st Street, Suite 400, Scottsdale, AZ, United States, 85254 | https://www.reliance.com |
| Sinopec Oilfield Service Corp Class H | View profile | 63392 | No. 9 Jishikou Road, Changyang District, Beijing, China, People's Republic of, 100728 | https://ssc.sinopec.com |
| Lenzing AG | View profile | 7798 | Werkstrasse 2, Lenzing, Austria, 4860 | https://www.lenzing.com |
| Indorama Ventures PCL ADR | View profile | 11125 | Asoke Road, Klongtoeynua, 37th Floor, Soi Sukhumvit 19, 75/102, Ocean Tower II, Bangkok, Thailand, 10110 | https://www.indoramaventures.com |
| Toyobo Co Ltd | View profile | 12460 | 2-8, Dojima Hama 2-chome, Kita-ku, Osaka, Japan, 530-8230 | http://www.toyobo.co.jp |
| Teijin Ltd | View profile | 24499 | 6-7, Minami Hommachi 1-chome, Chuo-ku, Osaka, Japan, 541-8587 | http://www.teijin.co.jp |
| Toray Industries Inc | View profile | 48682 | Nihonbashi Mitsui Tower 2-1-1, Nihonbashi Muromach, Chuo-ku, Tokyo, Japan, 103-8666 | http://www.toray.co.jp |
| DuPont de Nemours Inc | View profile | 24000 | 974 Centre Road, Building 730, Wilmington, DE, United States, 19805 | https://www.dupont.com |
| Mitsubishi Electric Corp | View profile | 149134 | Tokyo Building, 2-7-3, Marunouchi, Chiyoda-ku, Tokyo, Japan, 100-8310 | https://www.mitsubishielectric.com |
North America 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 48.8% in 2022. Horizon Databook has segmented the North America synthetic fibers market based on polyester, nylon, acrylics, polyolefin covering the revenue growth of each sub-segment from 2018 to 2030.
The economy in North America is characterized by high diversity owing to the presence of major developed and advanced economies such as the U.S. and Canada. Continuous efforts by industry players in the research & development of synthetic fibers to explore potential product applications in various end-use industries are expected to drive the market in the region over the forecast period.
The synthetic fiber market in North America is primarily driven by the rising product demand in the U.S. Strong consumer purchasing power in the U.S. is expected to propel the growth of end-use industries, primarily automotive and home furnishing.
The demand for nylon fiber is driven by its characteristics such as resilience, elasticity, strong, and low moisture absorbency. The product is widely used in apparel, home furnishings, and industrial applications including airbags, parachutes, sleeping bags, tents, tarpaulins, and other industrial uses.
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Horizon Databook provides a detailed overview of continent-level data and insights on the North America synthetic fibers market , including forecasts for subscribers. This continent databook contains high-level insights into North America synthetic fibers market from 2018 to 2030, including revenue numbers, major trends, and company profiles.
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North America synthetic fibers market size, by country, 2018-2030 (US$M)
North America Synthetic Fibers Market Outlook Share, 2022 & 2030 (US$M)
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