Recycled Synthetic Fiber Market Research Report - By Type (Polyester, Nylon, Polypropylene, Others), By Application (Automotive, Textiles, Packaging, Others), By End-Use Industry (Automotive, Construction, Consumer Goods, Others), By Recycled Content (100% Recycled, 50-99% Recycled, 25-49% Recycled, Less than 25% Recycled), By Manufacturing Process (Mechanical Recycling, Chemical Recycling, Hybrid Recycling) and By Regional (North America, Europe, South America, Asia Pacific, Middle East and Africa) - Forecast to 2032

Global Recycled Synthetic Fiber Market Overview:

As per MRFR analysis, the Recycled Synthetic Fiber Market Size was estimated at 14.99 (USD Billion) in 2022. The Recycled Synthetic Fiber Market Industry is expected to grow from 16.1(USD Billion) in 2023 to 30.6 (USD Billion) by 2032. The Recycled Synthetic Fiber Market CAGR (growth rate) is expected to be around 7.4% during the forecast period (2024 - 2032).

Key Recycled Synthetic Fiber Market Trends Highlighted

The rise in demand for recycled synthetic fibers is attributed to the increasing environmental issues and awareness of sustainability. The textile sector, which is one of the largest consumers of synthetic fiber, is now integrating recycled materials into its operations in an effort to mitigate environmental degradation. This further boosts the expansion of the market owing to government measures and policies that advocate for circular economy initiatives. The automotive sector is also looking into the use of recycled synthetic fibers in interior parts and insulation materials. The use of advanced recycling processes that improve the quality and properties of post-consumer recycled synthetic fibers also presents prospective business prospects. Other emerging trends are the application of waste synthetic fibers in the manufacture of high-end products like sports and other industrial textiles and the shifting to biodegradable or bio-based synthetic fibers for performance wear to tackle environmental issues.

Source: Primary Research, Secondary Research, MRFR Database and Analyst Review

Recycled Synthetic Fiber Market Drivers

Growing Demand for Sustainable and Eco-Friendly Products

Rising awareness about environmental issues and a growing inclination toward sustainability are likely to drive the development of the Recycled Synthetic Fiber Market Industry. Consumers are becoming more aware of the adverse effects the products they buy have on the environment and their carbon footprint. Demand for recycled synthetic fiber is expected to rise due to growing consumer preference for such products. Recycled synthetic fibers claim to be more sustainable than traditional synthetic fibers.The production process of traditional synthetic fibers involves virgin materials to a great extent and consumes significant natural resources. Furthermore, recycled synthetic fibers tend to be more affordable than traditional synthetic fibers, thereby offering a more cost-effective solution.

Increasing Use of Recycled Synthetic Fibers in Automotive and Construction Industries

The major consumers of synthetic fibers are the automotive and construction industry. These industries are increasingly using recycled synthetic fibers due to their high strength, durability, and low cost. In the automotive industry, recycled synthetic fibers find uses in the manufacturing of seat covers, headliners, carpets, and others. In the construction field, recycled synthetic fibers are used in the manufacture of roofing materials, insulation, flooring materials, and others.Thus, it is expected that the Recycled Synthetic Fiber Market Industry will register significant growth in the coming years.

Government Regulations and Initiatives Promoting the Use of Recycled Synthetic Fibers

Another factor contributing to the growth of the Recycled Synthetic Fiber Market Industry is government regulations and initiatives. Many governments in different countries have introduced regulations that require the use of recycled materials in the production of a variety of goods. For instance, the European Union has a directive that requires all new cars that are to be sold in the EU to be made at least in part with recycled material.Moreover, many governments have introduced a number of incentives for enterprises to accept recycled materials. Both these regulations and incentives will likely drive the growth of the Recycled Synthetic Fiber Market Industry.

Recycled Synthetic Fiber Market Segment Insights:

Recycled Synthetic Fiber Market Type Insights

The Recycled Synthetic Fiber Market is segmented by type into polyester, nylon, polypropylene, and others. Polyester is the most dominant segment and is projected to account for over 50% of the market share in 2023. The polyester segment dominates the market due to its high strength, durability, and resistance to chemicals and moisture. Nylon is also likely to be an important segment with significant market growth. This is because nylon is highly elastic and strong and can be used for applications in sportswear, swimwear, and automotive interiors.Polypropylene, on the other hand, is a light and flexible fiber that is used in packaging, textiles, and automotive components. The other segment includes polyethylene, acrylic, and spandex, among others. These fibers have specific applications which give them high market growth potential. The Recycled Synthetic Fiber Market is driven by growing environmental concerns and the increasing demand for sustainable materials. Recycled synthetic fibers are environmentally friendly alternatives to virgin fibers since they are made from post-consumer and post-industrial waste.The production of recyclable synthetic fibers leads to lower carbon dioxide emissions and lower water usage than virgin fibers. In addition, recycled synthetic fibers have the same performance characteristics as virgin fibers, and no compromises on quality are necessary. Governments and organizations support the production and consumption of recyclable synthetic fibers. For example, in 2018, the European Union made a revised circular economy action plan in which it seeks to increase the uptake of recycled plastic by 50% by 2030. Moreover, the development of positive fiber content detection methods is likely to benefit the growth of the market since it will be able to track the plastic content in medical and textile waste.The Recycled Synthetic Fiber Market is likely to continue on a positive growth trajectory that began in 2018 in the upcoming years. This will be driven by several factors, such as rising environmental concerns and, technological advances and favorable government policies.

Source: Primary Research, Secondary Research, MRFR Database and Analyst Review

Recycled Synthetic Fiber Market Application Insights

The recycled synthetic fiber market, by application, is segmented into automotives, textiles, packaging, and others. It is estimated that the automotives sector, in 2023, is going to hold the highest share of the market. This is because there is a growing demand for vehicles that are both light and fuel efficient. The other reason is that these vehicles’ environmental impact is small, which is considered an added benefit. The textiles sector is also going to experience significant growth because of the increasing popularity of environmentally friendly and sustainable fashion.Thirdly, the packaging sector will keep growing, and more and more manufacturers will start using these fibers for packaging purposes. The others sector consists of construction, furniture, and other consumer goods. It is however going to contribute to the previously mentioned segments as well. After thirteen years, the market will be worth approximately USD 30.6 billion.

Recycled Synthetic Fiber Market End-Use Industry Insights

The recycled synthetic fiber market is segmented into various end-use industries, including automotive, construction, consumer goods, and others. Among these segments, the automotive industry is expected to hold a significant market share in the coming years due to the increasing demand for lightweight and fuel-efficient vehicles. The construction industry is also anticipated to witness substantial growth, driven by the rising demand for sustainable and durable building materials. The consumer goods segment is projected to expand at a steady pace, fueled by the growing popularity of eco-friendly products.Other end-use industries, such as packaging and agriculture, are also expected to contribute to the overall market growth.

Recycled Synthetic Fiber Market Recycled Content Insights

The Recycled Synthetic Fiber Market market segmentation by Recycled Content includes 100% Recycled, 50-99% Recycled, 25-49% Recycled, and Less than 25% Recycled. Among these segments, the 100% Recycled segment held the largest market share in 2023, accounting for over 40% of the Recycled Synthetic Fiber Market revenue. The 100% Recycled segment is expected to continue to dominate the market over the forecast period, owing to the increasing demand for eco-friendly and sustainable materials. The 50-99% Recycled segment is projected to witness significant growth over the forecast period, driven by the growing adoption of recycled materials in various industries.The 25-49% Recycled segment is expected to hold a moderate share of the market, while the Less than 25% Recycled segment is likely to account for a small share of the market.

Recycled Synthetic Fiber Market Manufacturing Process Insights

Mechanical recycling, chemical recycling, and hybrid recycling are the three main types of manufacturing processes used in the recycled synthetic fiber market. Mechanical recycling, which involves physically breaking down and reprocessing plastic waste, accounted for the largest share of the market in 2023, and is projected to continue to dominate over the forecast period. Chemical recycling, which involves breaking down plastic waste into its chemical components and then repolymerizing them into new materials, is expected to grow at a faster rate than mechanical recycling over the forecast period.Hybrid recycling, which combines elements of both mechanical and chemical recycling, is also expected to grow at a healthy rate over the forecast period. The growth of the recycled synthetic fiber market is being driven by factors such as increasing environmental concerns, rising demand for sustainable materials, and supportive government regulations.

Recycled Synthetic Fiber Market Regional Insights

The Recycled Synthetic Fiber Market is segmented into North America, Europe, APAC, South America, and MEA. Among these regions, APAC is expected to dominate the market in the coming years, owing to the growing demand for recycled synthetic fibers from the automotive and construction industries. The increasing focus on sustainability and the adoption of eco-friendly materials are also driving the growth of the market in this region. Europe is another major market for recycled synthetic fibers, with a significant demand from the textile and packaging industries.North America is expected to witness steady growth in the market, driven by the growing awareness about the environmental benefits of using recycled materials. South America and MEA are expected to experience moderate growth in the market, with increasing demand from the construction and automotive industries. The Recycled Synthetic Fiber Market is expected to reach a value of USD 22.3 billion by 2028, exhibiting a CAGR of 8.9% during the forecast period.

Source: Primary Research, Secondary Research, MRFR Database and Analyst Review

Recycled Synthetic Fiber Market Key Players And Competitive Insights:

Major players in the Recycled Synthetic Fiber Market industry are constantly striving to develop new and innovative products to meet the changing demands of customers. Leading Recycled Synthetic Fiber Market players are investing heavily in research and development to enhance the quality and performance of their products. The development of the Recycled Synthetic Fiber Market is being driven by the increasing demand for sustainable and eco-friendly products. Recycled Synthetic Fiber Market Competitive Landscape is characterized by the presence of both and regional players. players have a strong presence in developed markets and are expanding their reach into emerging markets. Regional players are focusing on niche markets and are gaining market share in their respective regions.Unifi, Inc. is a leading manufacturer of recycled synthetic fibers. The company offers a wide range of recycled synthetic fibers, including polyester, nylon, and polypropylene. Unifi's recycled synthetic fibers are used in a variety of applications, including apparel, home furnishings, and automotive interiors. The company has a strong commitment to sustainability and is constantly investing in new technologies to reduce its environmental impact. Unifi is headquartered in Greensboro, North Carolina, and has operations in the United States, Asia, and Europe.INDA is a leading manufacturer of nonwoven fabrics. The company offers a wide range of nonwoven fabrics, including those made from recycled synthetic fibers.INDA's nonwoven fabrics are used in a variety of applications, including filtration, medical, and hygiene. The company has a strong commitment to quality and innovation, and is constantly investing in new technologies to improve its products. INDA is headquartered in Cary, North Carolina, and has operations in the United States, Europe, and Asia.

Key Companies in the Recycled Synthetic Fiber Market Include:

• Far Eastern New Century


• Aquafil


• Ascend Performance Materials


• Evonik


• RadiciGroup


• Indorama Ventures


• Reliance Industries


• Toray Industries


• Teijin


• Eastman Chemical


• Mitsubishi Chemical


• Unifi


• Kuraray


• SABIC


• Hyosung

Recycled Synthetic Fiber Market Industry Developments

The Recycled Synthetic Fiber market is projected to reach USD 30.6 billion by 2032, exhibiting a CAGR of 7.4% during the forecast period. The market growth is attributed to rising environmental concerns and increasing demand for sustainable materials. Government regulations promoting the use of recycled materials and technological advancements in recycling processes are further driving market expansion. Key players in the market include Unifi, Inc., Indorama Ventures Public Company Limited, and Far Eastern New Century Corporation. Recent developments include partnerships and collaborations to enhance recycling capabilities and the launch of new eco-friendly products. The market growth is expected to be supported by growing awareness among consumers and industries about the importance of sustainability.

Recycled Synthetic Fiber Market Segmentation Insights

• Recycled Synthetic Fiber Market Type Outlook
  
  
  
  • Polyester
  
  
  • Nylon
  
  
  • Polypropylene
  
  
  • Others
  
  
  
  

• Recycled Synthetic Fiber Market Application Outlook
  
  
  
  • Automotive
  
  
  • Textiles
  
  
  • Packaging
  
  
  • Others
  
  
  
  

• Recycled Synthetic Fiber Market End-Use Industry Outlook
  
  
  
  • Automotive
  
  
  • Construction
  
  
  • Consumer Goods
  
  
  • Others
  
  
  
  

• Recycled Synthetic Fiber Market Recycled Content Outlook
  
  
  
  • 100% Recycled
  
  
  • 50-99% Recycled
  
  
  • 25-49% Recycled
  
  
  • Less than 25% Recycled
  
  
  
  

• Recycled Synthetic Fiber Market Manufacturing Process Outlook
  
  
  
  • Mechanical Recycling
  
  
  • Chemical Recycling
  
  
  • Hybrid Recycling
  
  
  
  

• Recycled Synthetic Fiber Market Regional Outlook
  
  
  
  • North America
  
  
  • Europe
  
  
  • South America
  
  
  • Asia Pacific
  
  
  • Middle East and Africa