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Procurement Market Intelligence Report

Synthetic Fibers
Sourcing Guide & Market Trends

Comprehensive intelligence for making smart purchasing decisions

Learn about actual and potential costs

How much should I pay for Synthetic Fibers?

What is the average price of Synthetic Fibers?

This procurement report includes pricing information to help you purchase Synthetic Fibers. Our analysts provide a benchmark price and a price range based on key pricing factors to help you understand what you should be paying for this specific product or service. To see the average price for this and hundreds of other products and services, subscribe to ProcurementIQ.

Has the price of Synthetic Fibers been rising or falling?

Analysts look at market data from the previous three years to determine an overall price trend. You can use the recent price trends to help you understand price volatility and plan your budget.

I’m not ready to purchase Synthetic Fibers yet. Will I pay more if I wait too long?

We forecast the next three years of price movements by looking at factors likely to affect the market's supply chain, such as inputs, demand and competition. You can then use the price forecast to figure out the best time to purchase.

What other costs are associated with purchasing Synthetic Fibers?

Our analysts calculate the total cost of ownership and assign a level of low, moderate or high, depending on things like customization, integration and installation. Use this information to budget for Synthetic Fibers with a reduced risk of unexpected costs.

See how we display average pricing information, trends and market data.

Find the vendor to meet your needs

Where can I purchase ?

The number of suppliers operating in the market in 2020 is estimated at about 2,000 and is primarily made up of multiline suppliers and specialists. Fortunately for buyers, market share concentration is low overall, with the top four suppliers accounting for less than 30.0% of total market revenue. Low market... Subscribe to learn more.

Questions to ask potential suppliers

How can I gain leverage during negotiations?


In which countries do you distribute synthetic fibers? In which countries do you distribute other products?

Do you own your own fleet of transportation vehicles?

Do you ship internationally? What are the shipping rates and delivery times?

What percentage of your clients is based outside of the United States?


Do you offer product customization? If so, are there parameters around the scope and scale?

How quickly can you deliver custom orders?

What are the limitations to the number of custom orders I can make or where they are shipped?

What are the most common substitutes you use when there is scarcity of raw input materials? Do you have these substitutes available on hand?

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Key elements for every RFP

What should my RFP include?

Project Budget

Where appropriate, buyers should detail the budget range.

Buyers should state the contract payment terms (e.g. whether payment will be made upon finalizing the bid, in increments throughout the supply period or upon delivery of the synthetic fiber order).

Buyers should describe preferred payment terms for any additional or related goods required alongside the synthetic fiber.

Selection Criteria

Buyers should evaluate the experience of the supplier, particularly whether they have a demonstrated history of supplying buyers of a similar scope.

Buyers should consider whether the supplier is able to provide peripheral goods, such as other types of fibers, and whether they can offer a reasonable bundling discount.

Buyers should evaluate the location of the supplier, and whether they maintain inventory at a location close to the buyer’s operations.

Project Schedule

Buyers should state the due date for questions and proposals.

Buyers should state the dates by which the contract will be finalized and when the successful supplier will be contacted.

Buyers should state the expected delivery date for the shipment and any ongoing required delivery dates, if relevant.

For ongoing supply contracts, buyers should detail any review or probationary periods.

Evaluate major factors to mitigate risk

How risky is the supply chain?

Suppliers in the synthetic fibers market experience an overall high level of supply chain risk. Much of the supply chain risk in this market stems from risk in the oil and natural gas industries. Synthetic fibers are produced using petrochemicals that are derived from oil and natural gas. The prices... Subscribe to learn more.