US Synthetic Fibers Market Size, Growth Analysis Report, Forecast to 2027

The US market for synthetic fibers is projected to grow at a CAGR of 6.3% during the forecast period. The market is driven by the significant adoption of synthetic fibers in the automotive and home furnishing sector. The modest growth in the building & construction industry in the region also creates considerable scope for market growth. The US has one of the wealthiest and diversified economies around the globe. The country supports the development of innovative solutions and the adoption of advanced technologies owing to high disposable income and cohesive government policies. 

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Increased spending in the building & construction industry is among the key factors that fuel the construction industry in the US, which in turn, expedites the demand for synthetic fiber market during the forecast period. The US is home to several globally recognized comprising Ford, Hyundai, Nissan, Toyota, General Motors, and others which are expected to create a considerable demand for synthetic fibers. 

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The market for synthetic fibers market is classified on the basis of type and application. Based on type, the market is further segmented into acrylics, polyolefin, polyester, nylon, and others (Acetate). The polyester segment is projected to have considerable growth during the forecast period. The US synthetic fibers market for application is further segregated into automotive, textiles, home furnishing, filtration, and others. The automotive application segment is estimated to have considerable growth in the market owing to the growing demand for lightweight vehicles to reduce fuel consumption.  

US Synthetic Fibers Market -- Segmentation

US Synthetic Fibers Market by Type

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

US Synthetic Fibers Market by Application

• Automotive
• Clothing
• Home Furnishing
• Filtration  
• Other (Medical)

US 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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