Increased demand for synthetic fiber market

According to the Japan Chemical Fiber Association, the US survey company Global Industry Analysts recently released a report on the world synthetic fiber market.
According to the report, it is expected that by 2015, the world's synthetic fiber demand will likely exceed 49 million tons. The main reasons are the increase in textile production technology and processes, the increase in the productivity of synthetic fiber fabrics, and the low price of synthetic fibers. However, the increase in demand brought about by low prices will be limited by the rising costs of raw materials, logistics, and energy.
The overall economic development in the future is low growth, which is ideal for low-cost synthetic fiber materials, and the demand for synthetic fibers will be higher than cotton fibers. Moreover, with the improvement of technology, the performance of taking synthetic fiber materials will be greatly improved, coupled with features such as being difficult to contaminate, washable and quick-drying, all of which are the reasons for the increase in demand.
From a regional point of view, China will continue to grow at a high rate in the production and consumption of synthetic fibers, and will monopolize the synthetic fiber market in the world.
On the Other hand, the demand for synthetic fibers is also constrained by a number of factors. For example, energy reduction will lead to insufficient raw materials, increased consumer awareness of the environment, and expanding demand for products in a friendly environment.

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