Dublin, July 26, 2023 (GLOBE NEWSWIRE) -- The "Global Synthetic Textiles Market (2023-2028) by Type, Application, Distribution Channel, and Geography, Competitive Analysis, Impact of Economic Slowdown & Impending Recession with Ansoff Analysis" report has been added to ResearchAndMarkets.com's offering.
The Global Synthetic Textiles Market is estimated to be USD 67.34 Bn in 2023 and is expected to reach USD 97.26 Bn by 2028, growing at a CAGR of 7.63%.
Competitive Quadrant
The report includes a Competitive Quadrant, a proprietary tool to analyze and evaluate the position of companies based on their Industry Position score and Market Performance score. The tool uses various factors for categorizing the players into four categories. Some of these factors considered for analysis are financial performance over the last 3 years, growth strategies, innovation score, new product launches, investments, growth in market share, etc.
Ansoff Analysis
The report presents a detailed Ansoff matrix analysis for the Global Synthetic Textiles Market. Ansoff Matrix, also known as Product/Market Expansion Grid, is a strategic tool used to design strategies for growth of the company. The matrix can be used to evaluate approaches in four strategies viz. Market Development, Market Penetration, Product Development and Diversification. The matrix is also used for risk analysis to understand the risk involved with each approach.
The analyst analyses the Global Synthetic Textiles Market using the Ansoff Matrix to provide the best approaches a company can take to improve its market position.
Based on the SWOT analysis conducted on the industry and industry players, the analyst has devised suitable strategies for market growth.
Why buy this report?
- The report offers a comprehensive evaluation of the Global Synthetic Textiles Market. The report includes in-depth qualitative analysis, verifiable data from authentic sources, and projections about market size. The projections are calculated using proven research methodologies.
- The report has been compiled through extensive primary and secondary research. The primary research is done through interviews, surveys, and observation of renowned personnel in the industry.
- The report includes an in-depth Market analysis using Porter's 5 forces model, PESTLE Analysis, and the Ansoff Matrix. In addition, the impact of COVID-19 and the impact of economic slowdown & impending recession on the Market are also featured in the report.
- The report also includes the regulatory scenario in the industry, which will help you make a well-informed decision. The report discusses major regulatory bodies and major rules and regulations imposed on this sector across various geographies.
- The report also contains a competitive analysis using Positioning Quadrants, the analyst's competitive positioning tool.
Key Attributes:
| Report Attribute | Details |
| No. of Pages | 201 |
| Forecast Period | 2023 - 2028 |
| Estimated Market Value (USD) in 2023 | $67.34 Billion |
| Forecasted Market Value (USD) by 2028 | $97.26 Billion |
| Compound Annual Growth Rate | 7.6% |
| Regions Covered | Global |
Market Dynamics
Drivers
- Rising adoption of polyester fiber
- Increasing expansion of the textile industry
Restraints
- Increasing crude oil prices
- Volatility in raw material prices
Opportunities
- Growing emphasis on health and fitness coupled with the popularity of outdoor sports
- Emerging popularity of technologically advanced gadgets, such as sensors in military professionals
Challenges
- Compliance with stringent regulations for environmental protection
- Rising stiff competition from synthetic substitutes
Companies Mentioned
- Admiral Sportswear
- BASF SE
- Bayer Ag
- Bombay Dyeing
- BP Almond PLC
- Bridegestone Corp.
- China Petroleum Corp. (Sinopec Corp.)
- DuPont de Nemours, Inc.
- Fila, Inc.
- Far Eastern Group
- Indorama Corp.
- Lenzing Ag
- Mitsubishi Chemical Holdings Corp.
- Reliance Industries Ltd.
- Sunflag Nigeria Ltd.
- Teijin Ltd.
- The CHA Textiles Group
- Toray Industries, Inc.
- Toyobo Co., Ltd.
- Univex SA
Market Segmentation
The Global Synthetic Textiles Market is segmented based on Type, Application, Distribution Channel, and Geography.
- By Type, the market is classified into Polyester, Nylon, Acrylics, Polyolefin, and Others.
- By Application, the market is classified into Clothing, Home Furnishing, Automotive, Filtration, and Others.
- By Distribution Channel, the market is classified into Online and Offline.
- By Geography, the market is classified into Americas, Europe, Middle East & Africa, and Asia-Pacific.
For more information about this report visit https://www.researchandmarkets.com/r/ufd8mf
About ResearchAndMarkets.com
ResearchAndMarkets.com is the world's leading source for international market research reports and market data. We provide you with the latest data on international and regional markets, key industries, the top companies, new products and the latest trends.
Attachment
