Synthetic Fabric Market Size & Share, By Type (Acetate Fabric, Acrylic Fabric, Chiffon Fabric, Denim Fabric), Application (Construction, Automotive, Healthcare, Apparel, Household, Others), Regional Forecast, Industry Players, Growth Statistics Report 2024-2032

Market Outlook:

Synthetic Fabric Market crossed USD 1.04 Billion in 2023 and is expected to exceed USD 1.42 Billion by end of the year 2032, observing around 3.5% CAGR between 2024 and 2032.

• Base Year Value (2023): USD 1.04 Billion
• CAGR (2024-2032): 3.5%
• Forecast Year Value (2032): USD 1.42 Billion
• Historical Data Period: 2019-2023
• Largest Region: Asia Pacific
• Forecast Period: 2024-2032

Market Dynamics:

Growth Drivers & Opportunity:

Increasing demand for sustainable and eco-friendly fabrics is driving the growth of the synthetic fabric market. Consumers are becoming more conscious about the environmental impact of their choices, leading to a shift towards synthetic fabrics that are made from recycled materials or are biodegradable.

Growing usage of synthetic fabrics in various industries such as sports and leisure, automotive, and healthcare is another major driver for the market. Synthetic fabrics offer properties like durability, elasticity, and resistance to moisture and chemicals, making them suitable for a wide range of applications.

Rapid technological advancements in the production of synthetic fabrics are also fueling market growth. Innovations in materials science and manufacturing processes are leading to the development of high-performance synthetic fabrics that offer superior comfort, durability, and performance.

Report Scope

Report Coverage	Details
Segments Covered	Type, Application
Regions Covered	• North America (United States, Canada, Mexico) • Europe (Germany, United Kingdom, France, Italy, Spain, Rest of Europe) • Asia Pacific (China, Japan, South Korea, Singapore, India, Australia, Rest of APAC) • Latin America (Argentina, Brazil, Rest of South America) • Middle East & Africa (GCC, South Africa, Rest of MEA)
Company Profiled	Bombay Dyeing, E. I. du Pont de Nemours and Company, Indorama, Lenzing AG, Mitsubishi Chemical Holdings, Reliance Industries Limited, China Petroleum, Teijin Limited, Toray Chemical Korea,, Toyobo, .

Industry Restraints:

High manufacturing costs associated with synthetic fabrics are a key restraint for the market. The production of synthetic fabrics requires specialized equipment and processes, which can be expensive to set up and maintain. This cost factor can limit the adoption of synthetic fabrics, especially among smaller manufacturers and businesses.

Concerns about the sustainability and environmental impact of synthetic fabrics are also posing a challenge for the market. Despite advancements in eco-friendly production methods, synthetic fabrics are still derived from petrochemicals and can contribute to pollution and waste. Increased awareness about these issues among consumers and regulatory bodies can hinder the growth of the synthetic fabric market.

Regional Forecast:

North America:

The synthetic fabric market in North America is expected to experience steady growth, driven by the increasing demand for synthetic textiles in various industries such as apparel, automotive, and home furnishing. The United States and Canada are the key markets in this region, with major players focusing on product innovation and sustainability to gain a competitive edge.

2. Asia Pacific:

In Asia Pacific, countries like China, Japan, and South Korea are witnessing significant growth in the synthetic fabric market due to the expanding textile industry and the rise in disposable income. China, in particular, is a major producer and exporter of synthetic fabrics, driving market growth in the region. Companies are investing in research and development to introduce new synthetic materials to cater to the diverse needs of consumers.

3. Europe:

Europe, including countries like the United Kingdom, Germany, and France, is also a significant market for synthetic fabrics. The textile industry in these countries is well-established, and there is a growing demand for sustainable and eco-friendly synthetic fabrics. Companies in Europe are focusing on enhancing the quality and performance of synthetic textiles to meet the stringent regulations and standards set by the European Union.

Segmentation Analysis:

In terms of segmentation, the global Synthetic Fabric market is analyzed on the basis of Type, Application.

Acetate Fabric

The acetate fabric segment in the synthetic fabric market is expected to witness steady growth due to its properties such as lustrous finish, drape, and wrinkle resistance. Acetate fabric is commonly used in the apparel industry, especially for making formal and evening wear. The construction and automotive industries also use acetate fabric for interior decor and upholstery applications.

Acrylic Fabric

Acrylic fabric is a popular choice in the synthetic fabric market due to its soft texture, warmth, and color retention properties. This segment is widely used in the apparel industry for making sweaters, blankets, and activewear. Additionally, acrylic fabric finds applications in the healthcare industry for making medical textiles and in the household industry for home decor items.

Chiffon Fabric

Chiffon fabric is a lightweight, sheer fabric that is commonly used in the apparel industry for making flowy dresses, blouses, and scarves. The chiffon fabric segment in the synthetic fabric market is expected to witness growth due to its soft texture, draping quality, and versatility in creating elegant and feminine garments.

Denim Fabric

Denim fabric is a staple in the apparel industry, known for its durability, versatility, and timeless appeal. The denim fabric segment in the synthetic fabric market is expected to witness steady demand from the construction industry for making workwear, the automotive industry for upholstery applications, and the apparel industry for creating jeans, jackets, and other casual wear items.

Construction

The construction industry is a key application segment in the synthetic fabric market, where these fabrics are used for various purposes such as awnings, tents, geotextiles, and upholstery. Synthetic fabrics offer properties such as durability, weather resistance, and ease of maintenance, making them ideal for construction applications.

Automotive

The automotive industry is another major application segment in the synthetic fabric market, where these fabrics are used for making seat covers, interior panels, and headliners. Synthetic fabrics offer properties such as abrasion resistance, UV protection, and easy cleanability, making them well-suited for automotive applications.

Healthcare

The healthcare industry utilizes synthetic fabrics for making medical textiles such as gowns, drapes, masks, and bedding materials. Synthetic fabrics in the healthcare segment offer properties such as fluid resistance, breathability, and antimicrobial properties, making them essential for maintaining hygiene and preventing infections in healthcare settings.

Apparel

The apparel industry is a key application segment in the synthetic fabric market, with various types of synthetic fabrics being used for making a wide range of clothing items such as shirts, dresses, pants, and activewear. Synthetic fabrics offer properties such as moisture wicking, stretchability, and color fastness, making them popular choices among fashion designers and consumers.

Household

The household industry utilizes synthetic fabrics for making home decor items such as curtains, upholstery, bedding, and rugs. Synthetic fabrics offer properties such as stain resistance, fade resistance, and easy washability, making them ideal for creating long-lasting and aesthetically pleasing home furnishings.

Others

Apart from the aforementioned application segments, synthetic fabrics find usage in various other industries such as sports and outdoor recreation, packaging, and industrial applications. Synthetic fabrics offer a wide range of properties and functionalities that cater to diverse needs across different industries, demonstrating their versatility and widespread utility in the modern world.

Competitive Landscape:

The competitive landscape of the Synthetic Fabric Market is characterized by a mix of established multinational corporations and emerging players striving to innovate and capture market share. Major companies focus on technological advancements in manufacturing processes, sustainable production practices, and expanding their product arrays to cater to diverse end-user industries such as apparel, automotive, and home textiles. The market sees intense rivalry driven by factors such as price volatility, product differentiation, and geographic expansion, with companies increasingly investing in research and development to enhance the quality and performance of synthetic fabrics. Strategic partnerships, mergers, and acquisitions are common as firms look to strengthen their positions and leverage new capabilities to meet growing consumer demand for high-performance and eco-friendly options.

Top Market Players

- DuPont

- BASF SE

- Invista

- Toray Industries

- Teijin Limited

- Reliance Industries Limited

- Mitsubishi Chemical Corporation

- Huntsman Corporation

- Lenzing AG

- Asahi Kasei Corporation