07-Feb-2020 | Facts and Factors
Facts and Factors have authored “Synthetic Fiber Market By Type (Macro Fiber, Micro Fiber) and By Application (Bridges, Roads, Tunnels, Slabs): Global Industry Perspective, Market Size, Statistical Research, Market Intelligence, Comprehensive Analysis, Historical Trends, and Forecasts, 2019–2026”. Based on our analysis, the global Synthetic Fiber market in 2019 is approximately USD 740 Million and is anticipated to reach around USD 1900 Million by 2026. The anticipated CAGR for the Synthetic Fiber Market is around 5% from 2020 to 2026.
Synthetic fibers are fibers that are human-made through chemical synthesis and does not have to be dependant on animals or plants for the extraction of the fiber. As these fibers are designed or developed through machines, they are called as artificial fibers. Mostly these synthetic fibers are strong and durable, washable, lightweight and are easy to dye. These synthetic fibers are used in various applications such as clothing, constructions, home furnishing, net manufacturing. The demand for fiber reinforced concrete is also expected to increase by the existing and emerging applications, through innovative industrial practices and also due to the competitive costs for other alternative materials. This low weighted concrete is suitable in the production of various products and structures such as building and construction, transportation infrastructure, mining, and tunnels.
Browse the full “Synthetic Fiber Market By Type (Macro Fiber, Micro Fiber) and By Application (Bridges, Roads, Tunnels, Slabs): Global Industry Perspective, Market Size, Statistical Research, Market Intelligence, Comprehensive Analysis, Historical Trends, and Forecasts, 2019–2026” report at https://www.fnfresearch.com/synthetic-fiber-market-by-type-macro-fiber-micro
There is a huge demand for synthetic fibers from the countries of the European region like France and Germany as these countries are going through continuous development of commercial and residential sectors. These countries demand fiber engineered concrete that can be reliable for their modern infrastructure. But this demand comes with huge spending as the operating cost for the synthetic fibers is too high and this expensive process is restricting the growth of the synthetic fiber market. But this synthetic fiber market has great opportunities to grow in the coming years across the Gulf Countries due to its increasing demand for housing projects. The Gulf countries do not have any favorable climate due to which they have to rely on synthetic fiber and being a developing economy can purchase this costly synthetic fiber.
Macro synthetic fibers are expected to dominate in the coming years because it is proving to be useful and effective alternative to regular steel fibers. They have the same physical properties as compared with the regular steel fibers. The use of these macro synthetic fibers is expected to be widely used in the construction of roads. This is because there is a growing preference for synthetic fiber reinforced concrete used in the construction of highway and airfield pavements. These synthetic fibers provide less thickness of pavements and increase the resistance against any kind of impact and do not need many repairs in case of any damages.
The United States is expected to contribute majorly to the market growth of the synthetic fibers. The United States spends highly on innovative construction materials that could save time and prove to be more durable and the structures built using these synthetic fibers be more sturdy. This country is also expected to focus more on the concrete industry on the energy-efficient processes in designing more durable products.
The key players of the Synthetic Fibers Market are as follows:
- Euclid Chemicals
This report segments the Synthetic Fiber market as follows:
Global Synthetic Fiber Market: By Type Segment Analysis
Global Synthetic FiberMarket: By Application Segment Analysis
Global Synthetic FiberMarket: Regional Segment Analysis
- North America
- Rest of Europe
- Asia Pacific
- South Korea
- South-East Asia
- Rest of Asia Pacific
- Latin America
- Rest of Latin America
- The Middle-East and Africa
- GCC Countries
- South Africa
- Rest of Middle-East Africa
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