UK Synthetic Fibers Market Size & Outlook, 2022-2030
UK synthetic fibers market, 2018-2030 (US$M)
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UK synthetic fibers market highlights
- The UK synthetic fibers market generated a revenue of USD 564.6 million in 2022 and is expected to reach USD 827.2 million by 2030.
- The UK 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.
Synthetic fibers market data book summary
| Market revenue in 2022 | USD 564.6 million |
| Market revenue in 2030 | USD 827.2 million |
| Growth rate | 4.9% (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, UK accounted for 0.9% 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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UK 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 47.91% in 2022. Horizon Databook has segmented the UK synthetic fibers market based on polyester, nylon, acrylics, polyolefin covering the revenue growth of each sub-segment from 2018 to 2030.
The growing urban population and increased awareness about comfort clothing are expected to increase the demand for clothing in the UK, in turn, bolstering the demand for synthetic fibers. The demand for build tech textiles manufactured using nylon is anticipated to increase significantly over the forecast period, in terms of revenue, because of their flexural and abrasion resistance properties.
In addition, the ability of high-density polyethylene (HDPE) fibers, which are used to produce buildtech textiles, to provide high strength as well as heat and sound insulation to the buildings is expected to propel the synthetic fibers market growth in the country over the forecast period.
The market in the UK is witnessing growth, in terms of production, owing to the increasing capacities of small- and medium-scale manufacturers. The demand for synthetic fabrics is expected to increase substantially on account of the rising demand for hygiene products such as air filters, protective clothing, and personal protective equipment.
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Horizon Databook provides a detailed overview of country-level data and insights on the UK synthetic fibers market , including forecasts for subscribers. This country databook contains high-level insights into UK synthetic fibers market from 2018 to 2030, including revenue numbers, major trends, and company profiles.
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UK synthetic fibers market size, by type, 2018-2030 (US$M)
UK Synthetic Fibers Market Outlook Share, 2022 & 2030 (US$M)
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