The European synthetic fibers market is projected to grow at a CAGR of 6.7% during the forecast period (2020-2026). The significant growth in the textile industry contributes to the growth of the synthetic fiber market. Textile consumption and production are highly globalized, which involves millions of producers and billions of consumers globally. In Europe, the textile industry employs 1.7 million people and Europeans consume on average 26 kg of textiles per person per year, according to the European Commission in November 2019.
Browse the full report description European Synthetic Fibers Market Size, Share & Trends Analysis Report by Type (Acrylics, Polyolefin, Polyester, Nylon, and Others), By Application (Automotive, Clothing, Home Furnishing, Filtration, and Other) and Forecast 2020-2026 at https://www.omrglobal.com/industry-reports/european-synthetic-fibers-market
In Europe, there are around 171,000 companies in the textile industry. In 2017, the EU produced 7.4 kg of textiles per person while consuming nearly 26 kg. Exports from the EU mainly comprise intermediate textile products, such as technical fibers and high-quality fabrics.
Synthetic fibers are increasingly being used in the textile industry. synthetic fibers including polyester, polyamide, acrylic, and polyolefin dominate the textile industry. Polyester is the most widely used synthetic fiber and is popular for all types of clothing and reinforcement of items such as tires, belts, and hoses. Carpets are commonly made of polyamide, which can be blended with elastomeric fibers for the production of sportswear.
Market Coverage
|
Report
Elements |
Details |
|
Study
Period |
2019-2026 |
|
Base
year |
2019 |
|
Forecast
period |
2020-2026 |
|
Segments
Covered |
By Type and by
Application |
|
Regions
Covered |
UK, Germany,
France, Italy, Spain, and the Rest of Europe |
|
Key
Companies Profiled |
Asahi Kasei Corp., BASF SE, DuPont de
Nemours, Inc., Mitsubishi Chemical Corp., Toray Industries, Inc., China
Petrochemical Corp. (Sinopec), Eastman Chemical Co., and others |
Key Questions Addressed by the Report
o Recovery Timeline
o Deviation from the pre-COVID-19 forecast.
o Most affected segment
o Recommendations
European Synthetic Fibers Market – Segmentation
By Type
By Application
European Synthetic Fibers Market – Segmentation by Region
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