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North American Synthetic Fibers Market Trends, Application and Regional Forecast to 2020-2026

North American Synthetic Fibers Market Size, Share & Trends Analysis Report by Type (Acrylics, Polyolefin, Polyester, Nylon, and Others), By Application (Automotive, Clothing, Home Furnishing, Filtration, and Other) and Forecast 2020-2026

 

The North American market for synthetic fibers is projected to grow at a CAGR of 6.2% during the forecast period. The major factors that contribute to the growth of the market include a wide range of applications of the product in various booming industries of the region such as automotive, home furnishing, and among others. Along with that, owing to the high consumer spending, there exist a strong purchasing power of the customers which drives the end-user industries and hence creates demand for synthetic fibers. However, the environmental concern related to the production of synthetic fibers is projected to restrain market growth.

Posted By : SmithBen // in Business