$6.3bn
$XXX.Xm
13,513
95
$XXX.Xm
The Synthetic Fiber Manufacturing industry has recently undergone significant changes as market dynamics pivot in response to technological advancements, uncertain trade policies, environmental issues, shifting consumer preferences and the volatile nature of global oil prices. These components considerably impact production costs and correlatively influence pricing. Also, the industry is experiencing a critical impetus from demands for cost-efficiency, intensified recycling efforts and more environmentally friendly manufacturing processes. Synthetic fiber manufacturers' revenue has declined at a CAGR of 3.5% over the past five years and is expected to total $6.3 billion in 2024 when revenue will drop by an estimated 3.6%.
Industry revenue has declined at a CAGR of 3.5 % over the past five years, to reach an estimated $6.3bn in 2024.
Market size is projected to grow over the next five years.
Company | Market Share (%)
2024 | Revenue ($m)
2024 | Profit ($m)
2024 | Profit Margin (%)
2024 |
---|---|---|---|---|
Koch Industries Inc. | 1,847.3 | 164.2 | 8.9 | |
Dow Inc. | 1,460.1 | 352.9 | 24.2 | |
Chevron Phillips Chemical Company LLC | 960.9 | 169.1 | 17.6 |
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Industry revenue is measured across several distinct product and services lines, including Nylon and other polyamide fibers, Other noncellulosic fibers and Polyester fibers. Nylon and other polyamide fibers is the largest segment of the Synthetic Fiber Manufacturing in the US.
Advanced production technologies are revolutionizing the performance and functionality of nylon and polyamide fibers
This industry produces cellulosic and noncellulosic fibers and filaments in the form of monofilament, filament yarn, staple or tow. Key cellulosic organic fibers and filaments include rayon and acetate. Noncellulosic fibers and filaments include acrylic, nylon, polyester and spandex. This industry does not include fiber, yarn or thread mills, thread manufacturers of any other fibers or manufacturers of hemp yarn.
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NAICS 32522 - Synthetic Fiber Manufacturing in the US
Get an indication of the industry's health through historical, current and forward-looking trends in the performance indicators that make or break businesses.
Foreign competition is impacting the domestic synthetic fiber industry. Intense competition from overseas, coupled with variables like fluctuating oil prices, has pressured d...
Learn about an industry's products and services, markets and trends in international trade.
Polyester is one of the most easily recycled synthetic fibers. This product segment has strengthened as consumer preferences have shifted to being more conscious of the envir...
Discover where business activity is most concentrated in an industry and the factors driving these trends to find opportunities and conduct regional benchmarking.
Manufacturers locate near downstream markets. Being close to downstream markets can reduce transportation costs and allow manufacturers to reach buyers more effectively.
Get data and insights on what's driving competition in an industry and the challenges industry operators and new entrants may face, with analysis built around Porter's Five Forces framework.
Pricing is the main form of competition in the industry. Manufacturers have consolidated to become more efficient and become more price competitive.
Learn about the performance of the top companies in the industry.
Large manufacturers dominate the industry. The top four companies account for more than three-quarters of revenue.
Understand the demographic, economic and regulatory factors that shape how businesses in an industry perform.
Manufacturers must obey environmental laws. These laws, like the Clean Air and Clean Water Acts, govern air pollution and wastewater discharge, ensuring manufacturers maintai...
View average costs for industry operators and compare financial data against an industry's financial benchmarks over time.
Profit suffers for synthetic fiber manufacturers. Disrupted supply chains and rising prices of critical inputs contribute to constraining profit.
Including values and annual change:
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Key data sources in the US include:
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The market size of the Synthetic Fiber Manufacturing in the US industry in United States is $6.3bn in 2024.
There are 95 businesses in the Synthetic Fiber Manufacturing in the US industry in United States, which has declined at a CAGR of 3.6 % between 2019 and 2024.
The market size of the Synthetic Fiber Manufacturing in the US industry in United States has been declining at a CAGR of 3.5 % between 2019 and 2024.
Over the next five years, the Synthetic Fiber Manufacturing in the US industry in United States is expected to grow.
The biggest companies operating in the Synthetic Fiber Manufacturing market in United States are Koch Industries Inc., Dow Inc. and Chevron Phillips Chemical Company LLC
Manufacturing nylon and other polyamide fibers and filaments and Manufacturing polyester fibers and filaments are part of the Synthetic Fiber Manufacturing in the US industry.
The company holding the most market share in United States is Koch Industries Inc..
The level of competition is moderate and increasing in the Synthetic Fiber Manufacturing in the US industry in United States.