North American Synthetic Fibers Market Size, Growth Analysis Report, Forecast to 2027

The North American market for synthetic fibers is projected to grow at a CAGR of 6.2% during the forecast period. The major factors that contribute to the growth of the market include  a wide range of applications of the product in various booming industries of the region such as automotive, home furnishing, and among others. Along with that, owing to the high consumer spending, there exist a strong purchasing power of the customers which drives the end-user industries and hence creates demand for synthetic fibers. However, the environmental concern related to the production of synthetic fibers is projected to restrain market growth. 

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The market for synthetic fibers market is classified on the basis of type and application. Based on the type, the market is segmented into acrylics, polyolefin, polyester, nylon, and other such as acetate. The polyester segment is projected to have considerable growth during the forecast period. Moreover, the market report covers the analysis of the various application of synthetic fibers such as automotive, clothing, home furnishing, filtration, and others. 

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The automotive application segment is estimated to have considerable growth in the North American synthetic fibers market owing to the growing demand for lightweight vehicleto reduce the fuel consumption.  Geographically, the North American synthetic fibers market is further classified into  US and Canada. The US is projected to hold a significant market share with significant growth during the forecast period.

Further, the study of the report covers the analysis of various players operating in the North American synthetic rubber landscape. Some of the players include Asahi Kasei Corp., BASF SE, DuPont de Nemours, Inc., Mitsubishi Chemical Corp., Toray Industries, Inc., China Petrochemical Corp. (Sinopec), Eastman Chemical Co., and others.

North American Synthetic Fibers Market -- Segmentation

North American Synthetic Fibers Market by Type

• Acrylics
• Polyolefin
• Polyester
• Nylon
• Other (Acetate) 

North American Synthetic Fibers Market by Application

• Automotive
• Clothing
• Home Furnishing
• Filtration
• Others

North American Synthetic Fibers Market  – Segment by Region 

North America           

• United States 
• Canada

Company Profiles

• Asahi Kasei Corp.
• BASF SE
• China Petrochemical Corp. (Sinopec)
• DuPont de Nemours, Inc.
• Eastman Chemical Co.
• Koninklijke DSM N.V.,
• Mitsubishi Chemical Corp.
• Propex Operating Company, LLC
• Teijin Group
• Toray Industries, Inc.

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