Press release
US Synthetic Fibers Market Share 2020: Trends, Key Players, Industry Analysis Report to 2026
The US synthetic fibers market is projected to grow at a CAGR of 6.3% during the forecast period (2020-2026). The rising demand for synthetic fibers in the automotive sector owing to the increasing adoption of the lightweight vehicle provides a significant opportunity to the market.
Lightweight composites are crucial to boost the fuel economy and maintain the set safety standards and performance of modern automobiles. To accelerate a lighter object, less energy is needed rather than acceleration of heavier one, therefore lightweight composite materials, such as synthetic fiber, deliver a significant potential to increase the efficiency of vehicles that further propels the demand in the automotive sector.
A full report of US Synthetic Fibers Market is available at: https://www.omrglobal.com/industry-reports/us-synthetic-fibers-market
The major advantages of synthetic fibers include high strength-to-weight ratio and stiffness and low density. As a result, Lamborghini, BMW, Mercedes-Benz, and other automakers have been focusing on the increasing use of carbon fiber in their vehicles for weight reduction.
New R&D initiatives are transforming the industry and creating significant opportunities for market players. The rising use of recycled synthetic fiber in the manufacturing of lightweight automotive parts is a key factor in creating the growth of the synthetic fiber industry. Owing to the stringent environmental concerns, the demand for carbon fiber in automotive applications is estimated to grow significantly, which in turn, will drive the growth of the market.
To learn more about this report request a free sample copy @ https://www.omrglobal.com/request-sample/us-synthetic-fibers-market
Market Coverage
• Study Period- 2019-2026
• Base year- 2019
• Forecast period- 2020-2026
• Segments Covered- By Type and by Application
• Key Companies Profiled- Asahi Kasei Corp., BASF SE, DuPont de Nemours, Inc., Mitsubishi Chemical Corp., Toray Industries, Inc., China Petrochemical Corp. (Sinopec), Eastman Chemical Co., and others
Key Questions Addressed by the Report
• What is the market growth rate during the forecast period?
• Which segment dominates the market in the base year?
• Which segment will project the fastest growth in the market during the forecast period?
• How COVID-19 will impact the market growth in 2020 and the coming years?
o Recovery Timeline
o Deviation from the pre-COVID-19 forecast.
o Most affected segment
o Recommendations
• Who is the leader in the market?
• How players are addressing challenges to sustain growth?
• Where is the investment opportunity?
US synthetic fibers Market – Segmentation
By Type
• Acrylics
• Polyolefin
• Polyester
• Nylon
• Other
By Application
• Automotive
• Clothing
• Home Furnishing
• Filtration
• Others
For more customized data, request for report customization @ https://www.omrglobal.com/report-customization/us-synthetic-fibers-market
Company Profiles
• Asahi Kasei Corp.
• BASF SE
• China Petrochemical Corp. (Sinopec)
• DuPont de Nemours, Inc.
• Eastman Chemical Co.
• Koninklijke DSM N.V.,
• Mitsubishi Chemical Corp.
• Propex Operating Company, LLC
• Teijin Group
• Toray Industries, Inc.
Reasons to Buying From us –
1. We cover more than 15 major industries, further segmented into more than 90 sectors.
2. More than 120 countries are for analysis.
3. Over 100+ paid data sources mined for investigation.
4. Our expert research analysts answer all your questions before and after purchasing your report.
Media Contact:
Company Name: Orion Market Research
Contact Person: Mr. Anurag Tiwari
Email: info@omrglobal.com
Contact no: +91 780-304-0404
About Orion Market Research
Orion Market Research (OMR) is a market research and consulting company known for its crisp and concise reports. The company is equipped with an experienced team of analysts and consultants. OMR offers quality syndicated research reports, customized research reports, consulting and other research-based services.
For More Information, Visit https://www.omrglobal.com
Lightweight composites are crucial to boost the fuel economy and maintain the set safety standards and performance of modern automobiles. To accelerate a lighter object, less energy is needed rather than acceleration of heavier one, therefore lightweight composite materials, such as synthetic fiber, deliver a significant potential to increase the efficiency of vehicles that further propels the demand in the automotive sector.
A full report of US Synthetic Fibers Market is available at: https://www.omrglobal.com/industry-reports/us-synthetic-fibers-market
The major advantages of synthetic fibers include high strength-to-weight ratio and stiffness and low density. As a result, Lamborghini, BMW, Mercedes-Benz, and other automakers have been focusing on the increasing use of carbon fiber in their vehicles for weight reduction.
New R&D initiatives are transforming the industry and creating significant opportunities for market players. The rising use of recycled synthetic fiber in the manufacturing of lightweight automotive parts is a key factor in creating the growth of the synthetic fiber industry. Owing to the stringent environmental concerns, the demand for carbon fiber in automotive applications is estimated to grow significantly, which in turn, will drive the growth of the market.
To learn more about this report request a free sample copy @ https://www.omrglobal.com/request-sample/us-synthetic-fibers-market
Market Coverage
• Study Period- 2019-2026
• Base year- 2019
• Forecast period- 2020-2026
• Segments Covered- By Type and by Application
• Key Companies Profiled- Asahi Kasei Corp., BASF SE, DuPont de Nemours, Inc., Mitsubishi Chemical Corp., Toray Industries, Inc., China Petrochemical Corp. (Sinopec), Eastman Chemical Co., and others
Key Questions Addressed by the Report
• What is the market growth rate during the forecast period?
• Which segment dominates the market in the base year?
• Which segment will project the fastest growth in the market during the forecast period?
• How COVID-19 will impact the market growth in 2020 and the coming years?
o Recovery Timeline
o Deviation from the pre-COVID-19 forecast.
o Most affected segment
o Recommendations
• Who is the leader in the market?
• How players are addressing challenges to sustain growth?
• Where is the investment opportunity?
US synthetic fibers Market – Segmentation
By Type
• Acrylics
• Polyolefin
• Polyester
• Nylon
• Other
By Application
• Automotive
• Clothing
• Home Furnishing
• Filtration
• Others
For more customized data, request for report customization @ https://www.omrglobal.com/report-customization/us-synthetic-fibers-market
Company Profiles
• Asahi Kasei Corp.
• BASF SE
• China Petrochemical Corp. (Sinopec)
• DuPont de Nemours, Inc.
• Eastman Chemical Co.
• Koninklijke DSM N.V.,
• Mitsubishi Chemical Corp.
• Propex Operating Company, LLC
• Teijin Group
• Toray Industries, Inc.
Reasons to Buying From us –
1. We cover more than 15 major industries, further segmented into more than 90 sectors.
2. More than 120 countries are for analysis.
3. Over 100+ paid data sources mined for investigation.
4. Our expert research analysts answer all your questions before and after purchasing your report.
Media Contact:
Company Name: Orion Market Research
Contact Person: Mr. Anurag Tiwari
Email: info@omrglobal.com
Contact no: +91 780-304-0404
About Orion Market Research
Orion Market Research (OMR) is a market research and consulting company known for its crisp and concise reports. The company is equipped with an experienced team of analysts and consultants. OMR offers quality syndicated research reports, customized research reports, consulting and other research-based services.
For More Information, Visit https://www.omrglobal.com
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