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.
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. 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. Product launch, merger, and acquisition, collaborations with government, and technological advancements through which market players are considerably contributing to the market growth to stay competitive in the market.
Research Methodology
The market study of the North American synthetic fibers market is incorporated by extensive primary and secondary research conducted by the research team. Secondary research has been conducted to refine the available data to breakdown the market into various segments, derive total market size, market forecast, and growth rate. Different approaches have been worked on to derive the market value and market growth rate. Our team collects facts and data related to the market from different geography to provide a better regional outlook. In the report, the country-level analysis is provided by analyzing various regional players, regional tax laws and policies, consumer behavior, and macro-economic factors. Numbers extracted from Secondary research have been authenticated by conducting proper primary research. It includes tracking down key people from the industry and interviewing them to validate the data. This enables our analyst to derive the closest possible figures without any major deviations in the actual number. Our analysts try to contact as many executives, managers, key opinion leaders, and industry experts. Primary research brings authenticity to our reports.
Secondary Sources Include
The report is intended for synthetic fibers manufacturers, raw material suppliers, third-party distributors, traders, importers, exporters, end-user industry, government organizations, regulatory bodies, and other market participants for overall market analysis, and competitive analysis. The report provides an in-depth analysis of market size, market determinants, and products offered by the companies. The report will serve as a source for 360-degree analysis of the market thoroughly delivering insights into the market for making better business decisions.
Market Segmentation
The Report Covers
1. Report Summary
1.1. Research Methods and Tools
1.2. Market Breakdown
1.2.1. By Segments
1.2.2. By Geography
2. Market Overview and Insights
2.1. Scope of the Report
2.2. Analyst Insight & Current Market Trends
2.2.1. Key Findings
2.2.2. Recommendations
2.2.3. Conclusion
2.3. Rules & Regulations
3. Market Determinants
3.1. Motivators
3.2. Restraints
3.3. Opportunities
4. Market Segmentation
4.1. North American Synthetic Fibers Market by Type
4.1.1. Acrylics
4.1.2. Polyolefin
4.1.3. Polyester
4.1.4. Nylon
4.1.5. Other (Acetate)
4.2. North American Synthetic Fibers Market by Application
4.2.1. Automotive
4.2.2. Clothing
4.2.3. Home Furnishing
4.2.4. Filtration
4.2.5. Others
5. Regional Analysis
5.1. United States
5.2. Canada
6. Company Profiles
6.1. Asahi Kasei Corp.
6.2. BASF SE
6.3. China Petrochemical Corp. (Sinopec)
6.4. DuPont de Nemours, Inc.
6.5. Eastman Chemical Co.
6.6. Koninklijke DSM N.V.,
6.7. Mitsubishi Chemical Corp.
6.8. Propex Operating Company, LLC
6.9. Teijin Group
6.10. Toray Industries, Inc.
1. NORTH AMERICAN SYNTHETIC FIBERS MARKET RESEARCH AND ANALYSIS BY TYPE, 2019-2026 ($ MILLION)
2. NORTH AMERICAN ACRYLICS MARKET RESEARCH AND ANALYSIS BY COUNTRY, 2019-2026 ($ MILLION)
3. NORTH AMERICAN POLYOLEFIN MARKET RESEARCH AND ANALYSIS BY COUNTRY, 2019-2026 ($ MILLION)
4. NORTH AMERICAN POLYESTER MARKET RESEARCH AND ANALYSIS BY COUNTRY, 2019-2026 ($ MILLION)
5. NORTH AMERICAN NYLON MARKET RESEARCH AND ANALYSIS BY COUNTRY, 2019-2026 ($ MILLION)
6. NORTH AMERICAN OTHER SYNTHETIC FIBERS MARKET RESEARCH AND ANALYSIS BY COUNTRY, 2019-2026 ($ MILLION)
7. NORTH AMERICAN SYNTHETIC FIBERS MARKET RESEARCH AND ANALYSIS BY APPLICATION, 2019-2026 ($ MILLION)
8. NORTH AMERICAN SYNTHETIC FIBERS IN AUTOMOTIVE MARKET RESEARCH AND ANALYSIS BY COUNTRY, 2019-2026 ($ MILLION)
9. NORTH AMERICAN SYNTHETIC FIBERS IN CLOTHING MARKET RESEARCH AND ANALYSIS BY COUNTRY, 2019-2026 ($ MILLION)
10. NORTH AMERICAN SYNTHETIC FIBERS IN HOME FURNISHING MARKET RESEARCH AND ANALYSIS BY COUNTRY, 2019-2026 ($ MILLION)
11. NORTH AMERICAN SYNTHETIC FIBERS IN FILTRATION MARKET RESEARCH AND ANALYSIS BY COUNTRY, 2019-2026 ($ MILLION)
12. NORTH AMERICAN SYNTHETIC FIBERS IN OTHER APPLICATION MARKET RESEARCH AND ANALYSIS BY COUNTRY, 2019-2026 ($ MILLION)
13. NORTH AMERICAN SYNTHETIC FIBERS MARKET RESEARCH AND ANALYSIS BY COUNTRY, 2019-2026 ($ MILLION)
1. NORTH AMERICAN SYNTHETIC FIBERS MARKET SHARE BY TYPE, 2019 VS 2026 (%)
2. NORTH AMERICAN SYNTHETIC FIBERS MARKET SHARE BY APPLICATION, 2019 VS 2026 (%)
3. NORTH AMERICAN SYNTHETIC FIBERS MARKET SHARE BY COUNTRY, 2019 VS 2026 (%)
4. US SYNTHETIC FIBERS MARKET SIZE, 2019-2026 ($ MILLION)
5. CANADA SYNTHETIC FIBERS MARKET SIZE, 2019-2026 ($ MILLION)