PUBLISHER: AnalystView Market Insights | PRODUCT CODE: 1781968
PUBLISHER: AnalystView Market Insights | PRODUCT CODE: 1781968
Synthetic fibers market size was valued at US$ 73,920.53 Million in 2024, expanding at a CAGR of 3.78% from 2025 to 2032.
Synthetic fibers are man-made fibers produced through chemical synthesis, primarily from petrochemicals. Unlike natural fibers derived from plants or animals, synthetic fibers such as nylon, polyester, acrylic, and spandex are created by polymerizing small molecules into long chains. These fibers are valued for their durability, resistance to water and stains, elasticity, and affordability. They are widely used in textiles, automotive, home furnishings, and industrial applications due to their strength and versatility.
Synthetic Fibers Market- Market Dynamics
Increasing demand for synthetic fibers in the textile industry to propel market demand
The global textile industry's growth is propelling the demand for synthetic fibers, particularly in clothing and home furnishings. Synthetic fibers like polyester and nylon are favored for their durability and cost-effectiveness. In addition, innovations in fiber production, such as the development of microfibers and high-performance textiles, are enhancing fabric properties and expanding their applications. However, environmental concerns and volatility in raw material prices are expected to hamper the growth of the synthetic fibers market in the coming years. On the contrary, emerging economies present significant growth opportunities due to increasing urbanization and rising disposable incomes. Moreover, there's a growing demand for eco-friendly alternatives to traditional synthetic fibers.
Synthetic Fibers Market- Key Insights
As per the analysis shared by our research analyst, the global market is estimated to grow annually at a CAGR of around 3.78% over the forecast period (2025-2032)
Based on Type segmentation, polyester was predicted to show maximum market share in the year 2024
Based on application segmentation, clothing was the leading application in 2024
On the basis of region, Asia-Pacific was the leading revenue generator in 2024
The Global Synthetic Fibers Market is segmented on the basis of Type, Application, and Region.
The market is divided into five categories based on Type: nylon, polyester, polyolefin, acrylics, and others. The polyester segment is expected to account for the major market share in the global synthetic fibers market during the forecast period. Polyester's widespread use in textiles, especially in clothing, home furnishings, and industrial applications, is driven by its durability, resistance to shrinking and stretching, and cost-effectiveness.
The market is divided into five categories based on application: home furnishing, clothing, filtration, automotive, and others. Among these, the clothing segment is expected to hold the major market share during the forecast period. This is due to the high demand for affordable, durable, and easy-care garments made from synthetic materials such as polyester and nylon, especially in fast fashion and activewear.
Synthetic Fibers Market- Geographical Insights
The Asia-Pacific region is expected to hold the major market share in the global synthetic fibers market during the forecast period. This dominance is driven by high textile production, growing population, and expanding manufacturing hubs in countries like China, India, and Vietnam.
Besides, the North America is expected to witness significant growth in the global synthetic fibers market due to high demand from key industries like automotive, home furnishing, and apparel, and strong presence of major manufacturers and R&D centers.
Rising demand for lightweight, durable, and cost-effective materials in apparel and industrial applications is accelerating strategic developments across the industry. Companies are expanding production capacities and investing in advanced polymer technologies to enhance fiber performance. Strategic collaborations and joint ventures are being pursued to strengthen supply chains and improve regional reach. Additionally, increasing focus on sustainability is prompting manufacturers to develop bio-based and recycled synthetic fibers, aligning with global environmental goals and enhancing their competitive positioning in the market.
In August 2024, Shinkong Synthetic Fibers Corporation has invested $10 million in Ambercycle's first commercial facility to scale global production of Cycora, a material made from end-of-life textiles, following three years of collaboration.