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Market Research Report
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1009310

China Synthetic Fiber Market by Fiber Type (Fiberglass, Mineral Wool, Polymer Non-woven, & Other) & Application (Apparel, Home Decor, Building & Construction, Automotive, Appliances, & Other): Opportunity Analysis & Industry Forecast, 2020-2027

Published: | Allied Market Research | 116 Pages | Delivery time: 2-3 business days

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China Synthetic Fiber Market by Fiber Type (Fiberglass, Mineral Wool, Polymer Non-woven, & Other) & Application (Apparel, Home Decor, Building & Construction, Automotive, Appliances, & Other): Opportunity Analysis & Industry Forecast, 2020-2027
Published: April 1, 2021
Allied Market Research
Content info: 116 Pages
Delivery time: 2-3 business days
  • Description
  • Table of Contents
  • List of Tables

The China synthetic fiber market size was valued at $17.0 billion in 2019, and is projected to reach $26.5 billion by 2027, growing at a CAGR of 6.0% during the forecast period.

Synthetic fibers are man-made fibers that are manufactured through chemical synthesis. Properties such as durability, elasticity, and softness make it suitable for applications such as apparel, automotive, and home decor. Fiberglass, mineral wool, polymer non-woven fiber, and polyester are some types of synthetic fiber. Fiberglass also known as glass reinforced plastic or glass fiber reinforced is a lightweight, strong, and less brittles synthetic fiber. Mineral wool is an inorganic and non-metallic compound that is manufactured using mixtures of materials such as stone or silica at elevated temperature range until it turns into molten form. Polymer non-woven fibers offer beneficial properties such as strength, temperature resistance, absorbency, sustainability, and it can be molded into shapes. Polyester is manufactured using coal and petroleum that offers enhanced durability.

The growth of the China synthetic fiber market is attributed to the factors such as rise in production of petrochemical-based synthetic fibers. Petrochemical-based synthetic fibers dominate the global fiber production while 65% of all fiber is produced in China that is majorly used by textile sector. According to the China National Textile and Apparel Council, the China textile sector accounted for $400 million through export and it is predicted to rise with 7% annual growth rate. It is the major growth factor that is predicted to boost the growth of the Chin synthetic fiber market during the forecast period.

Furthermore, rise in interest among Chinese families regarding designing their home and increase in real estate sector boost the demand of synthetic fiber in China. Non-woven fibers are widely used in home decor applications such as furniture, lamp shades, mattress & bedding, and wall coverings. Non-woven fiber offers advantages such as light weight, high strength, softness, and flexibility, making it suitable for home decor applications. However, natural fibers are gaining importance in polymer composite applications such as automotive, construction, and packaging. It is the major factor that is predicted to hamper the market growth.

Synthetic fibers are used in the automotive sector in various applications such as production of automobile carpets, seating fabrics, safety belts, and airbags. In addition, it can also be used during manufacturing of floor & door panels, air filters, insulation materials, door upholstery, and fuel filters. The automotive sector in China is largest in the world in terms of unit production since 2016. In 2018, the annual automobile production of China was over 30%, owing to the well-established automotive sector. This factor is predicted to offer lucrative opportunity to the China synthetic fiber market.

The China synthetic fiber market is segmented on the basis of fiber type and application. Depending on fiber type, the market is categorized into fiberglass, mineral wool, polymer non-woven, and other. On the basis of application, the China synthetic fiber market is classified into apparel, home decor, building & construction, automotive, appliances, and others. The appliance application is further sub-segmented into water heater, large cooking appliances, dishwashers, dryers, and others.

Some of the major players analyzed in this report are Changzhou Tianma Group Co. Ltd., China Jushi Co. Ltd., Foshan Rayson Non-Woven Co. Ltd., Hebei Yuniu Fiberglass Manufacturing Co. Ltd., Jia He Taizhou Glass Fiber Co. Ltd., Luyang Energy-Saving Materials Co, Ltd., Owens Corning, Rockwool China, Toray Fibers (Nantong) Co. Ltd., and Shuhai Huali Advanced Material Co. Ltd.

The China synthetic fiber market report provides in-depth competitive analysis as well as profiles of these major players.

  • 1.1. Key benefits for stakeholders

Porter's five forces analysis helps analyze the potential of buyers & suppliers and the competitive scenario of the industry for strategy building.

It outlines the current trends and future estimations of the market from 2019 to 2027 to understand the prevailing opportunities and potential investment pockets.

The key drivers, restraints, and opportunities and their detailed impact analysis are explained in the study.

The profiles of key players and their key strategic developments are enlisted in the report.

  • 1.2. Key market segments

By Fiber Type

Fiberglass

Mineral Wool

Polymer Non-Woven

Others

By Application

Apparel

Home Decor

Building & Construction

Automotive

Appliances

Water Heater

Large Cooking Appliances

Dishwashers

Dryers

Others

Others

Key players in the China synthetic fiber market are:

  • 1. Changzhou Tianma Group Co. Ltd.,
  • 2. China Jushi Co. Ltd.
  • 3. Foshan Rayson Non-Woven Co. Ltd.
  • 4. Hebei Yuniu Fiberglass Manufacturing Co. Ltd.
  • 5. Jia He Taizhou Glass Fiber Co. Ltd.
  • 6. Luyang Energy-Saving Materials Co, Ltd.
  • 7. Owens Corning
  • 8. Rockwool China
  • 9. Toray Fibers (Nantong) Co. Ltd.
  • 10. Shuhai Huali Advanced Material Co. Ltd.
Product Code: MA_2111373 / A11008

TABLE OF CONTENTS

CHAPTER 1:INTRODUCTION

  • 1.1.Report description
  • 1.2.Key benefits for stakeholders
  • 1.3.Key market segments
  • 1.4.Research methodology
    • 1.4.1.Secondary research
    • 1.4.2.Primary research
  • 1.5.Analyst tools and models

CHAPTER 2:EXECUTIVE SUMMARY

  • 2.1.Key findings of the study
  • 2.2.CXO perspective

CHAPTER 3:MARKET OVERVIEW

  • 3.1.Market definition and scope
  • 3.2.Porter's five forces analysis
  • 3.3.Market dynamics
    • 3.3.1.Drivers
      • 3.3.1.1.Increase in use of synthetic fiber in the building & construction sector
      • 3.3.1.2.Growth innumber of automotive keyplayers
    • 3.3.2.Restraint
      • 3.3.2.1.Environmental pollution attributed due to synthetic fibers
    • 3.3.3.Opportunity
      • 3.3.3.1.Growing apparel sector will offer new opportunity in the market
  • 3.4.Pricing analysis
  • 3.5.Value chain analysis
  • 3.6.Impact of key regulations on the China synthetic fiber market
  • 3.7.Impact of COVID-19 on the China synthetic fiber market
  • 3.8.Patent analysis, 2012-2020

CHAPTER 4:CHINA SYNTHETIC FIBER MARKET, BY FIBER TYPE

  • 4.1.Overview
    • 4.1.1.Market size and forecast, by fiber type
  • 4.2.Fiberglass
    • 4.2.1.Key market trends, growth factors, and opportunities
  • 4.3.Mineral wool
    • 4.3.1.Key market trends, growth factors, and opportunities
  • 4.4.Polymer non-woven
    • 4.4.1.Key market trends, growth factors, and opportunities
  • 4.5.Others
    • 4.5.1.Key market trends, growth factors, and opportunities

CHAPTER 5:CHINA SYNTHETIC FIBER MARKET, BY APPLICATION

  • 5.1.Overview
    • 5.1.1.Market size and forecast, by application
  • 5.2.Apparel
    • 5.2.1.Key market trends, growth factors, and opportunities
  • 5.3.Home decor
    • 5.3.1.Key market trends, growth factors, and opportunities
  • 5.4.Building & construction
    • 5.4.1.Key market trends, growth factors, and opportunities
  • 5.5.Automotive
    • 5.5.1.Key market trends, growth factors, and opportunities
  • 5.6.Appliances
    • 5.6.1.Key market trends, growth factors, and opportunities
    • 5.6.2.Water heater
    • 5.6.3.Large cooking appliances
    • 5.6.4.Dishwashers
    • 5.6.5.Dryers
    • 5.6.6.Others
      • 5.6.6.1.Market size and forecast, by appliances
  • 5.7.Others
    • 5.7.1.Key market trends, growth factors, and opportunities

CHAPTER 6:COMPETITIVE LANDSCAPE

  • 6.1.Introduction
    • 6.1.1.Market player positioning, 2020
  • 6.2.Top winning strategies
    • 6.2.1.Top winning strategies, by year
    • 6.2.2.Top winning strategies, by development
    • 6.2.3.Top winning strategies, by company
  • 6.3.Product mapping of top 10 player
  • 6.4.Competitive dashboard
  • 6.5.Competitive heatmap
  • 6.6.Key developments
    • 6.6.1.New product launches
    • 6.6.2.Other developments

CHAPTER 7:COMPANY PROFILES

  • 7.1.CHANGZHOU TIANMA GROUP CO. LTD.
    • 7.1.1.Company overview
    • 7.1.2.Company snapshot
    • 7.1.3.Product portfolio
  • 7.2.CHINA JUSHI CO. LTD.
    • 7.2.1.Company overview
    • 7.2.2.Company snapshot
    • 7.2.3.Operating business segments
    • 7.2.4.Product portfolio
    • 7.2.5.Business performance
    • 7.2.6.Key strategic moves and developments
  • 7.3.FOSHAN RAYSON NON-WOVEN CO. LTD.
    • 7.3.1.Company overview
    • 7.3.2.Company snapshot
    • 7.3.3.Product portfolio
  • 7.4.HEBEI YUNIU FIBERGLASS MANUFACTURING CO. LTD.
    • 7.4.1.Company overview
    • 7.4.2.Company snapshot
    • 7.4.3.Product portfolio
  • 7.5.JIAHE TAIZHOU GLASS FIBER CO. LTD.
    • 7.5.1.Company overview
    • 7.5.2.Company snapshot
    • 7.5.3.Product portfolio
  • 7.6.LUYANG ENERGY-SAVING MATERIALS CO. LTD.
    • 7.6.1.Company overview
    • 7.6.2.Company snapshot
    • 7.6.3.Operating business segments
    • 7.6.4.Product portfolio
    • 7.6.5.Business performance
  • 7.7.OWENS CORNING
    • 7.7.1.Company overview
    • 7.7.2.Company snapshot
    • 7.7.3.Operating business segments
    • 7.7.4.Product portfolio
    • 7.7.5.Business performance
  • 7.8.ROCKWOOL CHINA
    • 7.8.1.Company overview
    • 7.8.2.Company snapshot
    • 7.8.3.Operating business segments
    • 7.8.4.Product portfolio
    • 7.8.5.Business performance
    • 7.8.6.Key strategic moves and developments
  • 7.9.TORAY FIBERS (NANTONG) CO. LTD.
    • 7.9.1.Company overview
    • 7.9.2.Company snapshot
    • 7.9.3.Operating business segments
    • 7.9.4.Product portfolio
    • 7.9.5.Business performance
  • 7.10.ZHUHAI HUALI ADVANCED MATERIAL CO. LTD.
    • 7.10.1.Company overview
    • 7.10.2.Company snapshot
    • 7.10.3.Product portfolio

LIST OF TABLES

  • TABLE 01.PRICING ANALYSIS, BY FIBER TYPE, 2019-2027 ($/TON)
  • TABLE 02.CHINA SYNTHETIC FIBER MARKET, BY FIBER TYPE, 2019-2027 ($MILLION)
  • TABLE 03.CHINA SYNTHETIC FIBER MARKET, BY FIBER TYPE, 2019-2027 (KILOTON)
  • TABLE 04.CHINA SYNTHETIC FIBERMARKET, BY APPLICATION, 2019-2027 ($MILLION)
  • TABLE 05.CHINA SYNTHETIC FIBER MARKET, BY APPLICATION, 2019-2027 (KILOTON)
  • TABLE 06.CHINA SYNTHETIC FIBER MARKET BY APPLIANCEAPPLICATION, 2019-2027 ($ MILLON)
  • TABLE 07.CHINA SYNTHETIC FIBER MARKET BY APPLIANCE APPLICATION, 2019-2027 (KILOTON)
  • TABLE 08.KEY NEW PRODUCT LAUNCHES (2017-2021)
  • TABLE 09.OTHER KEY DEVELOPMENTS (2017-2021)
  • TABLE 10.TIANMA: COMPANY SNAPSHOT
  • TABLE 11.TIANMA: PRODUCT PORTFOLIO
  • TABLE 12.CHINA JUSHI: COMPANY SNAPSHOT
  • TABLE 13.CHINA JUSHI: OPERATING SEGMENTS
  • TABLE 14.CHINA JUSHI: PRODUCT PORTFOLIO
  • TABLE 15.OVERALL FINANCIAL STATUS ($MILLION)
  • TABLE 16.CHINA JUSHI: KEY STRATEGIC MOVE AND DEVELOPMENT
  • TABLE 17.FOSHAN RAYSON: COMPANY SNAPSHOT
  • TABLE 18.FOSHAN RAYSON: PRODUCT PORTFOLIO
  • TABLE 19.YUNIU FIBERGLASS: COMPANY SNAPSHOT
  • TABLE 20.YUNIU FIBERGLASS: PRODUCT PORTFOLIO
  • TABLE 21.JIAHE: COMPANY SNAPSHOT
  • TABLE 22.JIAHE: PRODUCT PORTFOLIO
  • TABLE 23.LUYANG: COMPANY SNAPSHOT
  • TABLE 24.LUYANG: OPERATING SEGMENTS
  • TABLE 25.LUYANG: PRODUCT PORTFOLIO
  • TABLE 26.OVERALL FINANCIAL STATUS ($MILLION)
  • TABLE 27.OWENS CORNING: COMPANY SNAPSHOT
  • TABLE 28.OWENS CORNING: OPERATING SEGMENTS
  • TABLE 29.OWENS CORNING: PRODUCT PORTFOLIO
  • TABLE 30.OVERALL FINANCIAL STATUS ($MILLION)
  • TABLE 31.ROCKWOOL GROUP: COMPANY SNAPSHOT
  • TABLE 32.ROCKWOOL GROUP: OPERATING SEGMENTS
  • TABLE 33.ROCKWOOL GROUP: PRODUCT PORTFOLIO
  • TABLE 34.OVERALL FINANCIAL STATUS ($MILLION)
  • TABLE 35.ROCKWOOL GROUP: KEY STRATEGIC MOVES AND DEVELOPMENTS
  • TABLE 36.NANTONG: COMPANY SNAPSHOT
  • TABLE 37.NANTONG: OPERATING SEGMENTS
  • TABLE 38.NANTONG: PRODUCT PORTFOLIO
  • TABLE 39.OVERALL FINANCIAL STATUS ($MILLION)
  • TABLE 40.HUALI THERMAL INSULATION: COMPANY SNAPSHOT
  • TABLE 41.HUALI THERMAL INSULATION: PRODUCT PORTFOLIO

LIST OF FIGURES

  • FIGURE 01.CHINA SYNTHETIC FIBER MARKET SNAPSHOT
  • FIGURE 02.GLOBALCHINA SYNTHETIC MARKET SEGMENTATION
  • FIGURE 03.MODERATE BARGAINING POWER OF SUPPLIERS
  • FIGURE 04.HIGH BARGAINING POWER OF BUYERS
  • FIGURE 05.MODERATE THREAT OF NEW ENTRANTS
  • FIGURE 06.MODERATE THREAT OF SUBSTITUTES
  • FIGURE 07.HIGH INTENSITY OF COMPETITIVE RIVALRY
  • FIGURE 08.CHINA SYNTHETIC FIBERMARKET DYNAMICS
  • FIGURE 09.VALUE CHAIN ANALYSIS
  • FIGURE 10.PATENT ANALYSIS, BY COUNTRY, 2020
  • FIGURE 11.PATENT ANALYSIS, BY APPLICANT, 2012-2020
  • FIGURE 12.PATENT ANALYSIS, BY PUBLICATION DATE, 2012-2020
  • FIGURE 13.GLOBAL CHINA SYNTHETIC FIBER MARKET, BY FIBER TYPE, 2019-2027 ($MILILION)
  • FIGURE 14.CHINA SYNTHETIC FIBER MARKET, BY APPLICATION, 2019-2027 ($MILILION)
  • FIGURE 15.MARKET PLAYER POSITIONING, 2020
  • FIGURE 16.TOP WINNING STRATEGIES, BY YEAR, 2017-2020
  • FIGURE 17.TOP WINNING STRATEGIES, BY DEVELOPMENT, 2017-2020 (%)
  • FIGURE 18.TOP WINNING STRATEGIES, BY COMPANY, 2017-2020
  • FIGURE 19.PRODUCT MAPPING OF TOP 10 PLAYERS
  • FIGURE 20.COMPETITIVE DASHBOARD
  • FIGURE 21.COMPETITIVE HEATMAP OF KEY PLAYERS
  • FIGURE 22.CHINA JUSHI: REVENUE, 2018-2020 ($MILLION)
  • FIGURE 23.CHINA JUSHI: REVENUE SHARE BY REGION, 2020 (%)
  • FIGURE 24.LUYANG: REVENUE, 2017-2019 ($MILLION)
  • FIGURE 25.LUYANG: REVENUE SHARE BY REGION, 2019 (%)
  • FIGURE 26.OWENS CORNING: REVENUE, 2018-2020 ($MILLION)
  • FIGURE 27.OWENS CORNING: REVENUE SHARE BY SEGMENT, 2020 (%)
  • FIGURE 28.OWENS CORNING: REVENUE SHARE BY REGION, 2020 (%)
  • FIGURE 29.ROCKWOOL GROUP: REVENUE, 2018-2020 ($MILLION)
  • FIGURE 30.ROCKWOOL GROUP: REVENUE SHARE BY SEGMENT, 2020 (%)
  • FIGURE 31.ROCKWOOL GROUP: REVENUE SHARE BY REGION, 2020 (%)
  • FIGURE 32.NANTONG: REVENUE, 2017-2019 ($MILLION)
  • FIGURE 33.NANTONG: REVENUE SHARE BY SEGMENT, 2019 (%)