Forecast of Global Chemical Fiber Oil Market 2023

Chemical Fiber Oil market will register a 3.7% CAGR in terms of revenue, reach US$ 1600 million by 2023, from US$ 1290 million in 2017. Yarn lubricants or chemical fiber oil, also called spin finish, are applied on the yarns to overcome fiber to metal friction and to control static charges during the yarn manufacturing process. The amount of spin finish applied on yarn is based on the type of post processing the yarn will experience after extrusion.