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The fiber intermediates market is influenced by a variety of factors that collectively shape its dynamics and demand across the textile and related industries. The following key points outline the market factors contributing to the evolution and demand for fiber intermediates:
Foundation of Textile Industry: Fiber intermediates serve as the foundation of the textile industry, playing a pivotal role in the production of synthetic fibers such as polyester and nylon. The demand for these fibers is driven by the textile and apparel sectors, influencing the overall market for fiber intermediates.
Growth in Apparel and Textile Consumption: The increasing global population and rising consumer affluence contribute to the growth in apparel and textile consumption. As more people seek affordable and diverse clothing options, the demand for synthetic fibers produced from fiber intermediates experiences a corresponding increase.
Expanding Polyester Fiber Market: Polyester, derived from fiber intermediates, is one of the most widely used synthetic fibers. The expansion of the polyester fiber market is a significant factor driving the demand for fiber intermediates, with applications ranging from clothing and home textiles to industrial uses.
Rising Demand for Nylon Fibers: Nylon, another key synthetic fiber, is produced from fiber intermediates. The demand for nylon fibers is driven by applications in textiles, automotive components, and industrial products, contributing to the overall growth of the fiber intermediates market.
Innovation in Sustainable Fibers: The market is witnessing a trend towards sustainable and eco-friendly fibers. Manufacturers are exploring bio-based alternatives and recycling processes for fiber intermediates to address environmental concerns and meet the growing demand for sustainable textiles.
Technological Advancements in Production: Ongoing technological advancements in the production of fiber intermediates contribute to improved efficiency and cost-effectiveness. Innovations in manufacturing processes, catalyst technologies, and raw material utilization enhance the overall competitiveness of the fiber intermediates market.
Automotive Industry Applications: Fiber intermediates find applications in the automotive industry for the production of synthetic fibers used in automotive textiles, carpets, and interior components. The growth of the automotive sector globally positively impacts the demand for fiber intermediates.
Geopolitical and Economic Factors: Global economic conditions and geopolitical factors influence the fiber intermediates market. Trade policies, currency fluctuations, and regional economic developments impact the cost of raw materials and the overall competitiveness of fiber intermediates in the global market.
Consumer Preferences for Performance Textiles: Changing consumer preferences for high-performance textiles drive the demand for synthetic fibers produced from fiber intermediates. Performance attributes such as durability, moisture-wicking, and stain resistance contribute to the popularity of these fibers in various applications.
Shift in Fashion Industry Trends: The fashion industry's evolving trends influence the demand for specific types of fibers. The adaptability of fiber intermediates to changing fashion preferences, including the demand for athleisure and sustainable fashion, contributes to their continued relevance in the market.
Raw Material Availability and Pricing: The availability and pricing of raw materials, such as petrochemical feedstocks, impact the cost structure of fiber intermediates. Fluctuations in raw material prices and supply chain dynamics influence the overall competitiveness and profitability of the market.
Focus on Circular Economy: The emphasis on a circular economy in the textile industry influences the development of recycling processes for fiber intermediates. Manufacturers are investing in technologies to recycle post-consumer and post-industrial waste, contributing to a more sustainable and circular approach in fiber production.
Regulatory Landscape: The regulatory landscape, including environmental and safety standards, plays a crucial role in the fiber intermediates market. Compliance with regulations governing chemical manufacturing and environmental impact is essential for market participants to ensure sustainable and responsible practices.
Global Supply Chain Considerations: The fiber intermediates market is part of a complex global supply chain. Factors such as transportation costs, logistics, and supply chain disruptions impact the movement of raw materials and finished products, influencing the overall market dynamics.
Covered Aspects:
| Report Attribute/Metric | Details |
|---|---|
| Growth Rate | Â 9.20% |
Fiber Intermediates Market Highlights:
Fiber Intermediates Market Overview
Fiber Intermediates Market Size was valued at USD 7.23 Million in 2022. The Fiber Intermediates industry is projected to grow from USD 7.8 Million in 2023 to USD 15.8 Million by 2032, exhibiting a compound annual growth rate (CAGR) of 9.20 % during the forecast period (2023 - 2032).
The demand for fiber intermediates is driven by its increasing use in the manufacturing of synthetic fiber such as polyester and nylon, disinfectants, fabrics, and plastic, among others. Some of the commonly used fiber intermediates include paraxylene, acrylonitrile, ethylene glycol, purified terephthalic acid, and ethylene oxide. Fiber intermediates find application in numerous end-use industries such as textiles, plastics, petrochemicals, and cleaning products (detergents).
The fiber intermediates market is likely to grow on account of the increasing demand for polyester in various applications such as clothing, furniture, and upholstery. The expanding textiles industry, as a result of increased spending on clothing coupled with changing fashion trends, is likely to propel the growth of the fiber intermediates market. Additionally, the growing furnishing industry with the rising demand for multifunctional and luxurious furniture is expected to offer lucrative opportunities to players in the fiber intermediates market.
The consumption of fiber intermediates such as ethylene glycol is increasing in the production of polyethylene terephthalate (PET) resin and PET film on account of the increasing demand for PET bottles and beverage containers as they are effective barriers to carbon dioxide and have a high tensile strength. The expanding packaging industry, as a result of increased consumption of packaged food products and beverages owing to convenience and improved product shelf life, is likely to fuel the demand for fiber intermediates. Anti-freeze, detergents, paints, and resins are some of the other applications of fiber intermediates.
Key Players
Some of the key players in the global fiber intermediates market are Reliance Industries Limited (India), Aareydrugs & Pharmaceuticals Ltd (India), Ferromet SA (Argentina), BASF SE (Germany), DowDuPont (US), INVISTA (US), Chevron Phillips Chemical Company (US), Daicel Corporation (Japan), and Fiber Intermediate Products Company (Iran).
Fiber Intermediates Market Share, by Application, 2017 (%)
 
Regional Analysis
The market in Asia-Pacific accounted for the largest share of the fiber intermediates market in 2017 and is expected to continue its dominance during the forecast period. This growth can be attributed to the rapidly expanding textiles industry in developing economies such as India and China, which are home to a number of major textiles companies such as Fabindia Overseas Pvt Ltd and Bombay Dyeing, Shangtex Holding Co. Ltd, and Shandong Demian Group. According to the Indian Brand Equity Foundation, the Indian textiles market is expected to reach USD 226 billion by 2023 from USD 137 billion in 2016.
North America is another prominent market for fiber intermediates owing to supportive government policies promoting domestic manufacturing in the US. According to the National Council of Textile Organizations, the value of US man-made fiber and filament, textiles, and apparel shipments has increased by 3.70% from 2022-2030 to reach USD 74.4 billion.
The market in Europe is expected to grow at a healthy CAGR during the review period on account of the expanding packaging industry with the rising demand for packaged food and beverages. Furthermore, government regulations, such as the ban on landfills to reduce plastic pollution, have stimulated the demand for PET-based packaged products, which is likely to drive the growth of the fiber intermediates market.
The markets in Latin American and the Middle East & Africa are expected to witness significant growth during the review period on account of the growing packaging industry with increasing consumption of packaged food and beverages. Â
Segmentation
The global fiber intermediates market has been segmented by type, application, and region.
Based on type, the market has been segmented into paraxylene, acrylonitrile, cyclohexanone, ethylene glycol, polyethylene, ethylene oxide, and others.
Based on application, the market has been divided into fabrics, PET resin, anti-freeze, detergents, upholstery, bactericides, and others.
Based on region, the market has been segmented into North America, Europe, Asia-Pacific, Latin America, and the Middle East & Africa.Recent DevelopmentJune 2021 - Teijin Ltd. reported that their Tenax carbon fiber prepreg had been used in a nacelle (a streamlined housing or tank) for Airbus' next-generation aviation engine demonstration, the UltraFan. Airbus will receive a prototype of the nacelle part developed by Nikkiso Co., Ltd. for the Propulsion of Tomorrow project before the end of 2021. Teijin plans to strengthen its carbon fiber and intermediate material operations to contribute to greater global sustainability, to become a firm that supports the future society.May 2021 - CCM Hockey, a global designer, manufacturer, and marketer of hockey equipment, has renewed its relationship with Sigmatex, a developer of carbon fiber fabrics. For many years, Sigmatex and CCM have been exclusive partners. The alliance, which is focused on performance and innovation, has helped CCM maintain its leadership position in the hockey stick category while also positioning Sigmatex as a vital supplier in top sports performance.
Intended Audience
- Fiber intermediates manufacturers
- Traders and distributors of fiber intermediates
- Research and development institutes
- Potential investors
- Raw material suppliers
- Nationalized laboratories
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