Market analysis
The synthetic fiber industry is one of the most worthwhile industry. As the worldwide supply of natural fibers stays constrained, the shortage is satisfied by synthetic fibers. The synthetic fibers and its sale have grabbed steam as of late additionally because of their growing application. While common fiber manufacturing depends on assets acquired from living beings, synthetic fiber is delivered simply by compound amalgamation. Clothing is one of the most vital parts of the synthetic fibers industry and huge percentage of such fibers are utilized by the clothing industry which is one of the major reasons for the growth of the global synthetic fibers market. The synthetic fibers are even used in the making of various home furnishing and upholstery products because of which the demand for such fibers is higher in different global regions. The global synthetic fibers market is projected to expand at a growth rate of 7.25% CAGR during the forecast period 2018 to 2023.

Market Segmentation
The global synthetic fibers market is classified on the basis of its type, application and regional demand. Based on its type, the market is segmented as nylon, acrylic, polyester, polyolefin and others. On the basis of its application, the market is divided into home furnishing, clothing, filtration, automotive and others.

Regional analysis
Geographically, the global synthetic fibers market is divided into global regions like Europe, North America, Asia- Pacific, Middle East, LATAM, and Africa.

Major players
Toyobo Co. Ltd, Mitsubishi Chemical Holdings Corporation, DowDuPont, Bombay Dyeing Inc., Lenzing AG, Teijin Limited, Toray Chemical Korea, Inc., China Petrochemical Corporation, Reliance Industries Limited, Indorama Corporation, among others are some of the major players in the global synthetic fibers market.