Key Market Indicators
Synthetic fiber consumption is projected to decline slightly over the next five years. By 2028, the market is expected to reach approximately 449 million kilograms, down from around 463 million kilograms in 2023. This represents a compound annual growth rate (CAGR) of -0.5%. Despite this anticipated drop, demand for synthetic fiber had previously seen a year-on-year increase of 1.5%. In terms of global rankings, Italy, Poland, and the United Kingdom hold the second, third, and fourth spots, respectively, in synthetic fiber consumption.