The Synthetic Fabric Market is projected to reach USD 12.65 billion by 2033, up from USD 1.54 billion in 2023, with an anticipated compound annual growth rate (CAGR) of 7.54% over the period from 2023 to 2033. This market encompasses the global industry dedicated to the production, distribution, and sale of fabrics manufactured from synthetic fibers. These fabrics are created through chemical processes, often using petroleum-based raw materials. The market is evolving due to technological advancements and shifts in consumer preferences. However, it also faces challenges related to sustainability and environmental impact, as the industry works to address these concerns while continuing to innovate.
The latest research report by Evolve Business Intelligence explores the various factors influencing the global market. It includes an analysis of the current market size, forecasts for key segments and regions, and the driving forces behind market growth. The report examines the potential impacts of key trends on business strategies and provides a SWOT analysis of critical sectors for each major competitor and customer group. This valuable data highlights the conglomerates likely to impact the industry, crucial for any company planning to invest strategically over the next five years. These insights complement our initial quantitative study, aiding in new investments and strategic planning to mitigate threats in existing sectors.
Segments covered
By Product (Aramid Fabric, Carbon Fabric, Glass Fabric)
By Application (Defense, Aerospace, Industrial, Sports Goods, Automotive, Renewable energy, Others)
Key players
Admiral Sportswear
BASF SE
Bayer AG
BP Amono Plc.
Bridgestone Corporation
DuPont (EI) de Nemours
Far Eastern Group
Fila Inc.
Sunflag Nigeria Limited
Univex SA
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