Key Market Indicators
Global synthetic fiber consumption is projected to hit approximately 277 million kilograms by 2028, up from around 240 million kilograms in 2023. This represents an annual compound growth rate of 2.2%. The demand for synthetic fibers has been on a steady rise, increasing by 2.8% year-over-year. Italy, Poland, and the United Kingdom are key players in this market, ranking second, third, and fourth respectively.