Taiwan Synthetic Fibers Market Size & Outlook, 2022-2030
Taiwan synthetic fibers market, 2018-2030 (US$M)
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Taiwan synthetic fibers market highlights
- The Taiwan synthetic fibers market generated a revenue of USD 2,878.5 million in 2022 and is expected to reach USD 4,588.8 million by 2030.
- The Taiwan market is expected to grow at a CAGR of 6% 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 2,878.5 million |
| Market revenue in 2030 | USD 4,588.8 million |
| Growth rate | 6% (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, Taiwan accounted for 4.4% 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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Taiwan 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 48.13% in 2022. Horizon Databook has segmented the Taiwan synthetic fibers market based on polyester, nylon, acrylics, polyolefin covering the revenue growth of each sub-segment from 2018 to 2030.
Taiwan is a major supplier of functional fabrics, which are used in sportswear and outdoor wear. Approximately 70% of functional fabrics, which include sportswear for brands like Nike, Adidas, and Puma, are supplied from Taiwan and made up of synthetic fibers such as polyester and nylon.
This is anticipated to augment the demand for synthetic fiber in the region. The country is expected to observe an increase in terms of demand for mobiltech products in automotive applications owing to an increase in automotive production.
The aforementioned factors, coupled with the growing product penetration in the automotive industry to produce air filters, seat covers, and seat belts, are likely to have a positive impact on the growth of the synthetic fiber market.
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Horizon Databook provides a detailed overview of country-level data and insights on the Taiwan synthetic fibers market , including forecasts for subscribers. This country databook contains high-level insights into Taiwan synthetic fibers market from 2018 to 2030, including revenue numbers, major trends, and company profiles.
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Taiwan synthetic fibers market size, by type, 2018-2030 (US$M)
Taiwan Synthetic Fibers Market Outlook Share, 2022 & 2030 (US$M)
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