Synthetic Fiber Market Size is Anticipated to Reach USD 111.9 billion, Advancing at a CAGR of 4.8% by 2034: Transparency Market Research Inc. [Yahoo! Finance]
ASAHI KAISEI CRP UNSP/ADR (AHKSY)
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Source: Yahoo! Finance
Wilmington, Delaware, United States, Transparency Market Research Inc. -, Sept. 18, 2024 (GLOBE NEWSWIRE) -- The global synthetic fiber market (???? ??) is estimated to flourish at a CAGR of 4.8% from 2024 to 2034. Transparency Market Research projects that the overall sales revenue for synthetic fiber is estimated to reach US$ 111.9 billion by the end of 2034. With increased scrutiny on environmental impact, the concern over microplastic pollution caused by synthetic fibers in water bodies is gaining traction. This has spurred research and innovation towards developing biodegradable or microplastic-free synthetic alternatives. The integration of smart textile technologies, such as conductive fibers and sensors, into synthetic fabrics is on the rise. These innovations enable functionalities like temperature regulation, health monitoring, and interactive apparel, expanding the application scope of synthetic fibers. The adoption of circular economy principles in the textile indus
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