Chemical Fibers Market, Size, Share, Opportunities and Forecast, 2020-2027

SKU: DPC479 | Last Updated On: Mar 31 2020 | No. of Pages: 177 | Available Formats

> Global Chemical Fibers Market Expected to reach a high CAGR By 2027: DataM Intelligence

Global Chemical Fibers Market is segmented By Product Type (Recycled Fibers, Synthetic Fibers), By Application (Clothing, Home Furnishing, Automotive, Filtration, Others), and By Region (North America, Latin America, Europe, Asia Pacific, Middle East, and Africa) – Share, Size, Outlook, and Opportunity Analysis, 2020-2027

 

Market Overview

The Global Chemical Fibers Market is expected to grow at a high CAGR during the forecasting period (2020-2027).

Chemical fibers are the fibrous materials produced from organic and inorganic raw materials in a chemical process. The organic materials are natural or synthetic polymers, while the inorganic compounds are the glass, metal, basalt, quartz, and other composites.

Chemical fibers are manufactured industrially in the form of monofilaments, staple fibers, and filament yarns. 

Market Dynamics

The global chemical fiber market is driven by the rising demand and consumption of the chemical fibers in the various industries such as textile and apparel manufacturing industry. It has led to the development of novel products with the ability to overcome the limitation of the existing products. For instance, in June 2019, Teijin Group had developed a new cotton-like high-performance polyester material for athleisure fashion. This new material comprised the look and texture of cotton with superior properties useful for the moisture absorption, quick-drying and ultraviolet (UV) protection. Cotton-like features are achieved with polyester filament yarn, not a staple fiber. This product is prepared by using recycled raw materials that are eco-friendly. The company would be promoting this product as a key product for 2020 autumn/winter sport and outdoor collections and apparel markets including fashion and uniforms.

Technological development and up-gradation of existing machinery to increase annual productivity and optimize processing operational flow shall fuel the market growth. Companies are focusing on the development of high-performance, high-functional fiber, and actively smart manufacturing for chemical fibers.  For instance, The Lenzing Group had used blockchain technology for supporting its TENCEL branded fiber business, ensuring complete transparency and traceability for brands and consumers of its fibers in the finished garment. The company would be joining the platform of the Hong Kong-based technology company TextileGenesis to fulfill this ambition.

However, the stringent environmental regulations, equipment depreciation, and overcapacity problems are hindering the market growth. For instance, European companies are facing overcapacity issues that have led to a decline in product prices and profit margins, an increase in environmental pressure, anti-dumping, countervailing measures.

Market Segmentation

Global Chemical Fibers market is segmented based on type as recycled fibers and synthetic fibers. Recycled fibers segment is expected to have a positive market share due to increasing production of the recycled fibers by using the chemical and mechanical recycling processes. Chemical recycling involves the usage of a series of chemical processes to recycle a waste stream back into building block chemicals i.e. monomers. These monomers are used by several industries such as apparel and footwear for creating new materials. During this recycling process, the performance is not lost as the recycled product is the same as its virgin counterparts in terms of appearance and properties.

Synthetic fibers account for the significant market share due to the increased demand for synthetic fibers in the aerospace and automobile industry as these fibers are made up of high-strength and stiffness materials. Availability of the raw materials such as metal, carbon, or glass compounds for developing the synthetic fibers is influencing the market growth. There is an increased usage of synthetic fibers to reinforce plastics to form composites. Synthetic fibers made up of carbon are widely used for producing high-end cars, biomedical devices, and sporting goods due to their properties such as lightweight and strong strength.

Further, the market is also classified on the basis of application into clothing, home furnishing, automotive, filtration, and others. The clothing segment accounts for the significant market share due to the rising demand for chemical fibers because of its better durability and cheaper manufacturing. Acrylic fibers are used as artificial wool for sweaters.

Various chemical fibers such as acrylic fibers and polyolefin fibers are widely used for home furnishing fabrics. Acrylic fibers have properties resemble those of wool and do not absorb water which makes it useful for being used for manufacturing home furnishing fabrics. Polyolefin fibers are strong, colorfast and resistant to staining, mildew and abrasion and do not absorb water. These fibers are used for home furnishing, indoor and outdoor carpeting, automotive fabrics, industrial fabrics and others.

There is increased use of the chemical fibers as the depth filters for filtration which involves separating one material which is dispersed in other material using porous structure. Depth filters captured the particles through attachment to the fibers within the body of the filter medium. Polyolefin fibers are the most commonly used depth filters for filtration due to its properties such as stiff structure, inside core high melting point, stable porosity, and out cover is the lower melting point.

**Source: DataM Intelligence Analysis

Geographical Presentation

By region, the global Chemical Fibers market is segmented into North America, South America, Europe, Asia-Pacific, Middle-East and Africa. Among all of the regions, Asia Pacific dominates the market as China is the world’s largest producer of chemical fiber. China accounts for 67% of global chemical fiber production. According to the National Bureau of Statistics, the production of chemical fibers was about 50.11 million tons, in 2018. Among them, the polyester fiber production was about 40.14 million tons, the polyamide fiber production was about 3.3 million tons viscose staple production was about 3.77 million tons.

Japan possesses the various competitive advantage to the chemical fiber industries such as high-functional fibers, environmental responsibility, and high-performance fiber shall have a positive impact on the market. Chemical fibers are widely used in textile, and industrial applications. Growing urbanization, rising disposable income, and growing purchasing power of the people are the factors increasing the demand for the Chemical Fibers in India and China. Stringent environmental regulations and challenges, the lack of Research & Development investment and core technology, equipment aging, the lack of development of cutting-edge technology infrastructure, labor costs, lack of professional and technical personnel in South Korea shall have a negative impact on the market.

Europe accounts for significant market share as it is the world's second-largest chemical fiber producer. High-quality fiber technology with product standards and testing methods are used for chemical fiber production in Europe. There is an increased demand for green chemical fiber and textiles. It has resulted in the sustainable development of the economy. European authorities have raised the investment of more than 1 billion euros for enterprise innovation related to the chemical fiber including the high and new technology, special fiber applications, advanced textile and textile industry chain innovation. Asian companies present in Europe have increased their investment in the development of European chemical fiber business.

**Source: DataM Intelligence Analysis

Competitive Analysis

The global Chemical Fibers market is fragmented with the presence of several local and international players. The product diversification and opportunities for market growth through new product launches intensify the competition among companies. Companies are focusing on modern high-efficiency production, reducing the number of employees, lower management costs and more efficient, flexible management, the pursuit of optimal production of chemical fibers.

The companies are entering into the collaborations, mergers, strategic partnerships and acquisitions to increase the demand for Chemical Fibers and their expansion across the globe. For instance, in October 2018, The Lenzing Group intends to acquire the remaining 30 percent of its Chinese subsidiary Lenzing (Nanjing) Fibers Co. Ltd. (LNF) from its state-owned joint venture partner NCFC. It would support Lenzing’s strategic growth as a producer of specialty fibers from renewable raw material wood in China and worldwide. It would also provide the way for setting up further production lines for specialty fibers. In May 2017, Guangdong Kaiping Chunhui Co Ltd had sold assets and liabilities of chemical fiber business.

The companies are also investing to increase its production capabilities around the globe. For instance, in May 2018, The Lenzing Group had invested up to EUR 30 million for the construction of the new facility.

Why Purchase the Report?

  • Visualize the composition of the global chemical fibers market products across product types and applications highlighting the critical commercial assets and players.
  • Identify commercial opportunities in the global chemical fibers market by analyzing trends and co-development deals.
  • Comprehensive details on factors driving the market growth.
  • Excel data sheet with thousands of data points of global chemical fibers market-level 4/5 segmentation.
  • PDF report with the most relevant analysis cogently put together after exhaustive qualitative interviews and in-depth market study.

**The global Chemical Fibers report will provide access to approximately 53 market data tables, 44 figures, and 178 pages

Target Audience

  • Industry Investors/Investment Bankers
  • Suppliers/Buyers
  • Education & Research Institutes
  • Manufacturers
  • Research Professionals
  • Emerging Companies
  • Distributors

 

Table of Contents

  1. Chemical Fibers Market Methodology and Scope

    1. Research Methodology
    2. Research Objective and Scope of the Report
  2. Chemical Fibers Market – Market Definition and Overview

  3. Chemical Fibers Market – Executive Summary

    1. Market Snippet by Product Type
    2. Market Snippet by Application
    3. Market Snippet by Region
  4. Chemical Fibers Market Dynamics

    1. Market Impacting Factors
      1. Drivers
      2.  Restraints
      3. Impact Analysis
    2. Opportunity
  5. Chemical Fibers Market – Industry Analysis

    1. Porter's Five Forces Analysis
    2. Supply Chain Analysis
    3. Regulatory Analysis
    4. Pricing Analysis
  6. Chemical Fibers Market – By Product Type

    1. Introduction
      1. Market Size Analysis, and Y-o-Y Growth Analysis (%), By Product Type
      2. Market Attractiveness Index, By Product Type
    2. Recycled Fibers*
      1. Introduction
      2. Market Size Analysis, US$ Mn, 2016-2025 and Y-o-Y Growth Analysis (%), 2018-2026
    3. Synthetic Fibers
  7. Chemical Fibers Market – By Application

    1. Introduction
      1. Market Size Analysis, and Y-o-Y Growth Analysis (%), By Application
      2. Market Attractiveness Index, By Application
    2. Clothing*
      1. Introduction
      2. Market Size Analysis, USD Mn, 2016-2025 and Y-o-Y Growth Analysis (%), 2018-2026
    3. Home Furnishing
    4. Automotive
    5. Filtration
    6. Others
  8. Chemical Fibers Market - By Region

    1. Introduction
      1. Market Size Analysis, and Y-o-Y Growth Analysis (%), By Region
      2. Market Attractiveness Index, By Region
    2. North America
      1. Introduction
      2. Key Region-Specific Dynamics
      3. Market Size Analysis, and Y-o-Y Growth Analysis (%), By Product Type
      4. Market Size Analysis, and Y-o-Y Growth Analysis (%), By Application
      5. Market Size Analysis, and Y-o-Y Growth Analysis (%), By Country
        1. U.S.
        2. Canada
        3. Mexico
    3. Europe
      1. Introduction
      2. Key Region-Specific Dynamics
      3. Market Size Analysis, and Y-o-Y Growth Analysis (%), By Product Type
      4. Market Size Analysis, and Y-o-Y Growth Analysis (%), By Application
      5. Market Size Analysis, and Y-o-Y Growth Analysis (%), By Country
        1. Germany
        2. U.K.
        3. France
        4. Rest of Europe
    4. South America
      1. Introduction
      2. Key Region-Specific Dynamics
      3. Market Size Analysis, and Y-o-Y Growth Analysis (%), By Product Type
      4. Market Size Analysis, and Y-o-Y Growth Analysis (%), By Application
      5. Market Size Analysis, and Y-o-Y Growth Analysis (%), By Country
        1. Brazil
        2. Argentina
        3. Rest of South America
    5. Asia Pacific
      1. Introduction
      2. Key Region-Specific Dynamics
      3. Market Size Analysis, and Y-o-Y Growth Analysis (%), By Product Type
      4. Market Size Analysis, and Y-o-Y Growth Analysis (%), By Application
      5. Market Size Analysis, and Y-o-Y Growth Analysis (%), By Country
        1. China
        2. India
        3. Japan
        4. Australia
        5. Rest of Asia Pacific
    6. Middle East and Africa
      1. Introduction
      2. Key Region-Specific Dynamics
      3. Market Size Analysis, and Y-o-Y Growth Analysis (%), By Product Type
      4. Market Size Analysis, and Y-o-Y Growth Analysis (%), By Application
  9.  Chemical Fibers Market Competitive Landscape

    1. Competitive Scenario
    2. Market Positioning/Share Analysis
    3. Mergers and Acquisitions Analysis
  10. Chemical Fibers Market Company Profiles

    1. Lenzing AG *
      1. Company Overview
      2. Form Portfolio and Description
      3. Key Highlights
      4. Financial Overview
    2. China Petroleum Corporation
    3. Shenma Industrial Co., Ltd.
    4. Mitsubishi Chemical
    5. Sinopec Group
    6. Toray Industries
    7. DuPont de Nemours, Inc.
    8. Chinatex Corporation
    9. Indorama Corporation
    10. Reliance Industries ("List not exhaustive")
  11. Chemical Fibers Market – Premium Insights

  12. Chemical Fibers Market – DataM

    1. Appendix
    2. About Us and Services
    3. Contact Us

List of Tables & Figures

List of Tables 

Table 01 Global Chemical Fibers Market Value, By Product Type, 2018,2022 & 2026 ($ Million)

Table 02 Global Chemical Fibers Market Value, By Application, 2018,2022 & 2026 ($ Million)

Table 03 Global Chemical Fibers Market Value, By Region, 2018,2022 & 2026 ($ Million)

Table 04 Global Chemical Fibers Market Value, By Product Type, 2018,2022 & 2026 ($ Million)

Table 05 Global Chemical Fibers Market Value, By Product Type, 2017-2026 ($ Million)

Table 06 Global Chemical Fibers Market Value, By Application, 2018,2022 & 2026 ($ Million)

Table 07 Global Chemical Fibers Market Value, By Application, 2017-2026 ($ Million)

Table 08 Global Chemical Fibers Market Value, By Region, 2018,2022 & 2026 ($ Million)

Table 09 Global Chemical Fibers Market Value, By Region, 2017-2026 ($ Million)

Table 10 North America Chemical Fibers Market Value, By Product Type, 2017-2026 ($ Million)

Table 11 North America Chemical Fibers Market Value, By Application, 2017-2026 ($ Million)

Table 12 North America Chemical Fibers Market Value, By Country, 2017-2026 ($ Million)

Table 13 South America Chemical Fibers Market Value, By Product Type, 2017-2026 ($ Million)

Table 14 South America Chemical Fibers Market Value, By Application, 2017-2026 ($ Million)

Table 15 South America Chemical Fibers Market Value, By Country, 2017-2026 ($ Million)

Table 16 Europe Chemical Fibers Market Value, By Product Type, 2017-2026 ($ Million)

Table 17 Europe Chemical Fibers Market Value, By Application, 2017-2026 ($ Million)

Table 18 Europe Chemical Fibers Market Value, By Country, 2017-2026 ($ Million)

Table 19 Asia-Pacific Chemical Fibers Market Value, By Product Type, 2017-2026 ($ Million)

Table 20 Asia-Pacific Chemical Fibers Market Value, By Application, 2017-2026 ($ Million)

Table 21 Asia-Pacific Chemical Fibers Market Value, By Country, 2017-2026 ($ Million)

Table 22 Middle East & Africa Chemical Fibers Market Value, By Product Type, 2017-2026 ($ Million)

Table 23 Middle East & Africa Chemical Fibers Market Value, By Application, 2017-2026 ($ Million)

Table 24 Lenzing AG: Overview

Table 25 Lenzing AG: Product Portfolio

Table 26 Lenzing AG: Key Developments

Table 27 China Petroleum Corporation: Overview

Table 28 China Petroleum Corporation: Product Portfolio

Table 29 China Petroleum Corporation: Key Developments

Table 30 Shenma Industrial Co., Ltd.: Overview

Table 31 Shenma Industrial Co., Ltd.: Product Portfolio

Table 32 Shenma Industrial Co., Ltd.: Key Developments

Table 33 Mitsubishi Chemical: Overview

Table 34 Mitsubishi Chemical: Product Portfolio

Table 35 Mitsubishi Chemical: Key Developments

Table 36 Sinopec Group: Overview

Table 37 Sinopec Group: Product Portfolio

Table 38 Sinopec Group: Key Developments

Table 39 Toray Industries: Overview

Table 40 Toray Industries: Product Portfolio

Table 41 Toray Industries: Key Developments

Table 42 DuPont de Nemours, Inc.: Overview

Table 43 DuPont de Nemours, Inc.: Product Portfolio

Table 44 DuPont de Nemours, Inc.: Key Developments

Table 45 Chinatex Corporation: Overview

Table 46 Chinatex Corporation: Product Portfolio

Table 47 Chinatex Corporation: Key Developments

Table 48 Indorama Corporation: Overview

Table 49 Indorama Corporation: Product Portfolio

Table 50 Indorama Corporation: Key Developments

Table 51 Reliance Industries: Overview

Table 52 Reliance Industries: Product Portfolio

Table 53 Reliance Industries: Key Developments

 

LIST OF FIGURES

Figure 01 Global Chemical Fibers Market Share, By Product Type, 2018 & 2026 (%)

Figure 02 Global Chemical Fibers Market Share, By Application, 2018 & 2026 (%)

Figure 03 Global Chemical Fibers Market Share, By Region, 2018 & 2026 (%)

Figure 04 Global Chemical Fibers Market Value, 2017-2026 ($ Million)

Figure 05 Global Chemical Fibers Market Y-o-Y Growth, By Product Type, 2018-2026 (%)

Figure 06 Recycled Fibers: Global Chemical Fibers Market Value, 2017-2026 ($ Million)

Figure 07 Synthetic Fibers: Global Chemical Fibers Market Value, 2017-2026 ($ Million)

Figure 08 Global Chemical Fibers Market Y-o-Y Growth, By Application, 2018-2026 (%)

Figure 09 Clothing: Global Chemical Fibers Market Value, 2017-2026 ($ Million)

Figure 10 Home Furnishing: Global Chemical Fibers Market Value, 2017-2026 ($ Million)

Figure 11 Automotive: Global Chemical Fibers Market Value, 2017-2026 ($ Million)

Figure 12 Filtration: Global Chemical Fibers Market Value, 2017-2026 ($ Million)

Figure 13 Others: Global Chemical Fibers Market Value, 2017-2026 ($ Million)

Figure 14 Global Chemical Fibers Market Y-o-Y Growth, By Region, 2018-2026 (%)

Figure 15 North America Chemical Fibers Market Value, 2017-2026 ($ Million)

Figure 16 North America Chemical Fibers Market Share, By Product Type, 2018 & 2026 (%)

Figure 17 North America Chemical Fibers Market Share, By Application, 2018 & 2026 (%)

Figure 18 North America Chemical Fibers Market Share, By Country, 2018 & 2026 (%)

Figure 19 South America Chemical Fibers Market Value, 2017-2026 ($ Million)

Figure 20 South America Chemical Fibers Market Share, By Product Type, 2018 & 2026 (%)

Figure 21 South America Chemical Fibers Market Share, By Application, 2018 & 2026 (%)

Figure 22 South America Chemical Fibers Market Share, By Country, 2018 & 2026 (%)

Figure 23 Europe Chemical Fibers Market Value, 2017-2026 ($ Million)

Figure 24 Europe Chemical Fibers Market Share, By Product Type, 2018 & 2026 (%)

Figure 25 Europe Chemical Fibers Market Share, By Application, 2018 & 2026 (%)

Figure 26 Europe Chemical Fibers Market Share, By Country, 2018 & 2026 (%)

Figure 27 Asia-Pacific Chemical Fibers Market Value, 2017-2026 ($ Million)

Figure 28 Asia-Pacific Chemical Fibers Market Share, By Product Type, 2018 & 2026 (%)

Figure 29 Asia-Pacific Chemical Fibers Market Share, By Application, 2018 & 2026 (%)

Figure 30 Asia-Pacific Chemical Fibers Market Share, By Country, 2018 & 2026 (%)

Figure 31 Middle East & Africa Chemical Fibers Market Value, 2017-2026 ($ Million)

Figure 32 Middle East & Africa Chemical Fibers Market Share, By Product Type, 2018 & 2026 (%)

Figure 33 Middle East & Africa Chemical Fibers Market Share, By Application, 2018 & 2026 (%)

Figure 34 Lenzing AG: Financials

Figure 35 China Petroleum Corporation: Financials

Figure 36 Shenma Industrial Co., Ltd.: Financials

Figure 37 Mitsubishi Chemical: Financials

Figure 38 Sinopec Group: Financials

Figure 39 Toray Industries: Financials

Figure 40 DuPont de Nemours, Inc.: Financials

Figure 41 Chinatex Corporation: Financials

Figure 42 Indorama Corporation: Financials

Figure 43 Reliance Industries: Financials

 

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