Key Market Indicators
Synthetic fiber consumption is projected to hit approximately 171 million kilograms by 2028, up from around 163 million kilograms in 2023. This marks a compound annual growth rate (CAGR) of 0.7%. The demand for synthetic fibers has been steadily increasing at a rate of 0.7% year on year. Notably, Italy, Poland, and the United Kingdom are leading in this ranking, securing the second, third, and fourth positions respectively.