Electrification of Vehicles Accelerating Demand for Synthetic Fibers
The global synthetic fiber market is experiencing steady growth, driven by expanding applications across industries such as automotive, textiles, and cosmetics. Valued at US$ 66.9 Bn in 2023, the market is projected to reach US$ 111.9 Bn by 2034, growing at a CAGR of 4.8% during the forecast period. The increasing need for durable, lightweight, and cost-effective materials is a major factor...
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