Apr 14, 2021   SOURCE: BusinessWire

North American Synthetic Fibers Market (2020 to 2026) - Players Include Asahi Kasei, BASF and Toray Industries Among Others - ResearchAndMarkets.com

The "North American Synthetic Fibers Market 2020-2026" report has been added to ResearchAndMarkets.com's offering.

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.

The Report Covers:

  • Comprehensive research methodology of the North American synthetic fibers market.
  • This report also includes a detailed and extensive market overview with key analyst insights.
  • An exhaustive analysis of macro and micro factors influencing the market guided by key recommendations.
  • Analysis of regional regulations and other government policies impacting the North American synthetic fibers market.
  • Insights about market determinants that are stimulating the North American synthetic fibers market.
  • Detailed and extensive market segments with regional distribution of forecasted revenues.
  • Extensive profiles and recent developments of market players.

Key Topics Covered:

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.

For more information about this report visit https://www.researchandmarkets.com/r/8bmvs6