The European market for synthetic fibers is projected to grow at a CAGR of 6.7% during the forecast period. According to the European Commission in 2017, synthetic fibers such as polyester, acrylics, and elastane make up around 75% of the total fiber market in Europe. There are various pivotal factors such as a well-established chemical sector, increased production in textile sector, and considerable growth in eco-friendly building & construction industry that are driving the European synthetic fibers market.

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The market is classified on the basis of type and application. Based on type, the market is segmented into acrylics, polyolefin, polyester, nylon, and others such as acetate. The polyester segment is projected to have considerable growth during the forecast period. The application market is further segregated into automotive, clothing, home furnishing, filtration, and others. The automotive application segment is estimated to have considerable growth in the market owing to the growing demand for lightweight vehicles to reduce fuel consumption. Geographically, the European synthetic fibers market is further classified into the UK, Germany, France, Italy, Spain, and the Rest of Europe.

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The companies which are contributing to the growth of the European synthetic fibers market include Asahi Kasei Corp., BASF SE, DuPont de Nemours, Inc., Mitsubishi Chemical Corp., Toray Industries, Inc., China Petrochemical Corp. (Sinopec), Eastman Chemical Co., and others. Product launch, merger, and acquisition, collaborations with government, and technological advancements through which market players are considerably contributing to the market growth to stay competitive in the market.

European Synthetic Fibers Market -- Segmentation
European Synthetic Fibers Market by Type
• Acrylics
• Polyolefin
• Polyester
• Nylon
• Others (Acetate)

European Synthetic Fibers Market by Application
• Automotive
• Clothing
• Home Furnishing
• Filtration
• Others (Medical)


European Synthetic Fibers Market – Segment by Region
Europe
• Germany
• United Kingdom
• France
• Spain
• Italy
• Rest of Europe

Company Profiles
• Asahi Kasei Corp.
• BASF SE
• China Petrochemical Corp. (Sinopec)
• DuPont de Nemours, Inc.
• Eastman Chemical Co.
• Koninklijke DSM N.V.,
• Lenzing AG
• Mitsubishi Chemical Corp.
• NV Bekaert SA
• Radici Partecipazioni SpA
• Sika AG
• SGL Carbon SE
• Toray Industries, Inc.
• W. Barnet GmbH & Co. KG


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