Key Market Indicators
Synthetic fiber consumption is projected to decline to approximately 74 million kilograms by 2028, down from around 77 million kilograms in 2023. This marks a year-on-year decrease of 0.6% in compound annual growth rate (CAGR). The demand for synthetic fibers has been shrinking at an annual rate of 0.4%, reflecting a broader trend in the market. In terms of consumption, Italy, Poland, and the United Kingdom occupy the second, third, and fourth positions, respectively, in the global rankings.
