The Global Synthetic Fiber Market was valued at USD 150.27 Billion in 2023 and is projected to reach USD 211.68 Billion by 2029, growing at a Compound Annual Growth Rate (CAGR) of 5.8% during the forecast period (2024–2029). This growth is being driven by rising apparel demand, expanding non-woven applications, and the accelerating adoption of Recycled Synthetic Fibers across fashion, automotive, and industrial sectors.

As the global textile industry transforms toward sustainable operations and performance-driven growth, the spotlight is on the key fiber manufacturers who are driving innovation, efficiency, and circular material pathways. In this blog, we profile the Top 10 Companies in the Synthetic Fiber Industry—a mix of chemical majors, textile producers, and recycling pioneers shaping the future of global textile materials.

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🔟 1. Reliance Industries Ltd.

Headquarters: Mumbai, India
Key Offering: Polyester, Polypropylene, Acrylic Fibers

Reliance Industries is one of the world’s leading integrated polyester producers with a 2.5 million tons per year capacity. Their dominance spans from raw materials to finished textiles, with significant investments in recycled polyester (rPET) technologies and bio-based alternatives.

Sustainability Initiatives:

• Developing Recron GreenGold fiber from recycled PET

• Committed to net-zero carbon emissions by 2035

• Strategic partnerships with global apparel brands

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Synthetic Fiber Market – View in Detailed Research Report

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9️⃣ 2. Indorama Ventures

Headquarters: Bangkok, Thailand
Key Offering: Polyester, Nylon, Polyolefin Fibers

Indorama Ventures operates across 35 countries with total annual production capacity exceeding 15 million tons. It’s a global leader in PET and polyester staple fiber with an integrated value chain from PTA to finished textiles.

Sustainability Initiatives:

• Investing $1.5 billion in sustainability initiatives

• Production of rPET fibers for major sportswear brands

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8️⃣ 3. Toray Industries, Inc.

Headquarters: Tokyo, Japan
Key Offering: Nylon, Polyester, Acrylic Fibers

Toray is Japan’s largest synthetic fiber manufacturer with advanced capabilities in high-performance materials for technical textiles and specialty applications.

Sustainability Initiatives:

• Developing bio-based nylon from castor oil

• Carbon fiber technology development for automotive and aerospace

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7️⃣ 4. Teijin Limited

Headquarters: Tokyo, Japan
Key Offering: Aramid, Carbon, Polyester Fibers

Teijin is a global technology leader in high-performance fibers, producing a wide range of specialty materials for industrial and technical applications.

Sustainability Initiatives:

• Closed-loop recycling technology for polyester

• Ecopet recycled fiber production exceeding 50,000 tons annually

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Synthetic Fiber Market – View in Detailed Research Report

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6️⃣ 5. Hyosung Corporation

Headquarters: Seoul, South Korea
Key Offering: Spandex, Nylon, Polyester Fibers

Hyosung is a global leader in spandex fibers with the world’s largest production capacity and innovative cooling fabric technologies.

Sustainability Initiatives:

• Pioneering recycled spandex production technology

• Global production network spanning Asia, Americas, and Europe

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5️⃣ 6. Zhejiang Hengyi Group

Headquarters: Hangzhou, China
Key Offering: Polyester, Nylon, Spandex Fibers

Hengyi Group is one of China’s largest polyester producers with integrated operations from crude oil to textile fibers.

Sustainability Initiatives:

• Annual production capacity of 6.3 million tons

• Significant investments in recycled polyester technologies

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4️⃣ 7. Nan Ya Plastics Corporation

Headquarters: Taipei, Taiwan
Key Offering: Polyester, Polypropylene, Nylon Fibers

Nan Ya Plastics, a subsidiary of Formosa Plastics Group, is one of the world’s largest polyester producers serving global textile markets.

Sustainability Initiatives:

• Polyester staple fiber production exceeding 1.2 million tons annually

• Advanced recycling technologies for industrial applications

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3️⃣ 8. Mitsubishi Chemical Group

Headquarters: Tokyo, Japan
Key Offering: Acrylic, Polyester, Polypropylene Fibers

Mitsubishi Chemical is a diversified chemical company with significant synthetic fiber operations, particularly in acrylic fibers and carbon fiber composites.

Sustainability Initiatives:

• Development of bio-based acrylic fibers

• Carbon fiber technologies for automotive lightweighting

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2️⃣ 9. Jiangsu Hengli Chemical Fiber

Headquarters: Suzhou, China
Key Offering: Polyester, Nylon, Specialty Fibers

Hengli Chemical Fiber is China’s leading polyester manufacturer with fully integrated production from PTA to textile-grade fibers.

Sustainability Initiatives:

• Advanced melt direct spinning technology

• Annual production capacity of 4.5 million tons

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1️⃣ 10. Lenzing AG

Headquarters: Lenzing, Austria
Key Offering: Viscose, Modal, Lyocell Fibers

Lenzing is a global leader in cellulosic fibers with a focus on sustainable textile solutions and circular economy principles.

Sustainability Initiatives:

• Carbon-zero viscose production with closed-loop systems

• Refibra technology for recycled content fibers

Download FREE Sample Report:
Synthetic Fiber Market – View in Detailed Research Report

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🌍 Outlook: The Future of Synthetic Fiber is Smarter and Sustainable

The synthetic fiber market is undergoing a transformative shift toward sustainability and technical innovation. While conventional fibers still dominate production volumes, the industry is rapidly scaling recycled and bio-based alternatives, advanced fiber technologies, and circular supply chains.

📈 Key Trends Shaping the Market:

• Rapid expansion of recycled PET fiber capacity across Asia and Europe

• Regulatory push for textile recycling and circular economy mandates by 2030

• Digitalization of fiber supply chains and sustainability tracking

• Apparel brand-fiber company alliances for carbon neutrality

Read Full Report:
Synthetic Fiber Market – View in Detailed Research Report

The companies listed above are not only powering global textiles—they’re spearheading the sustainable transformation of the fashion industry.