U.S. Synthetic Fibers Market Size & Outlook, 2022-2030
U.S. synthetic fibers market, 2018-2030 (US$M)
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U.S. synthetic fibers market highlights
- The U.S. synthetic fibers market generated a revenue of USD 5,056.5 million in 2022 and is expected to reach USD 7,509.6 million by 2030.
- The U.S. market is expected to grow at a CAGR of 5.1% 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 5,056.5 million |
| Market revenue in 2030 | USD 7,509.6 million |
| Growth rate | 5.1% (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, U.S. accounted for 7.6% 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 North America, U.S. synthetic fibers market is projected to lead the regional market in terms of revenue in 2030.
- U.S. is the fastest growing regional market in North America and is projected to reach USD 7,509.6 million by 2030.
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Synthetic Fibers Market Scope
Synthetic Fibers Market Companies
| Name | Profile | # Employees | HQ | Website |
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U.S. 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 49.16% in 2022. Horizon Databook has segmented the U.S. synthetic fibers market based on polyester, nylon, acrylics, polyolefin covering the revenue growth of each sub-segment from 2018 to 2030.
The demand for synthetic fibers is anticipated to increase progressively owing to the rising demand for medical products such as gowns, masks, surgical cover drapes, blankets, and personal care wipes in light of the spread of coronavirus.
The necessary comfort and softness offered by synthetic fibers have boosted their adoption in the manufacture of personal care products. This is expected to positively influence the market growth over the forecast period.
The United States Fashion Industry Association (USFIA) has supported the growth of fashion industry by regulating the norms with several governments across the globe. Multinational players operating in the country have benefitted from this support.
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Our clientele includes a mix of synthetic fibers market companies, investment firms, advisory firms & academic institutions.
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Approximately 65% of our revenue is generated working with competitive intelligence & market intelligence teams of market participants (manufacturers, service providers, etc.).
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Horizon Databook provides a detailed overview of country-level data and insights on the U.S. synthetic fibers market , including forecasts for subscribers. This country databook contains high-level insights into U.S. synthetic fibers market from 2018 to 2030, including revenue numbers, major trends, and company profiles.
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U.S. synthetic fibers market size, by type, 2018-2030 (US$M)
U.S. Synthetic Fibers Market Outlook Share, 2022 & 2030 (US$M)
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