Eco Fibers Market Growing at 11.46% CAGR Driven by APAC and Industrial Applications

18 Nov, 2015, 09:15 ET from ReportsnReports

PUNE, India, November 18, 2015 /PRNewswire/ --

Global eco fibers market growth is driven by awareness about environmental sustainability and conservation, increasing demand from the emerging economies and industrial application, which is the fastest growing eco fibers application sector according to this research report.

Complete report on eco fibers market spread across 157 pages, profiling 10 leading companies and supported with 88 tables and 52 figures is now available at http://www.reportsnreports.com/reports/438099-eco-fibers-market-by-type-organic-fibers-recycled-fibers-regenerated-fibers-and-others-by-application-clothing-textile-household-furnishings-industrial-medical-and-others-and-by-region-north-america-europe-asia-pacific.html .

The global eco fibers market is projected to reach USD 74.65 billion by 2020, registering a CAGR of 11.46% from 2015 to 2020 with environmental degradation highlighted as a major concern among all the developed countries in the world. Increasing landfill wastes and the need to manage them for minimal environment harm have initiated the development of the recycling technology. Now-a-days, a major portion of the rPET bottle wastes go through the recycling process and get converted into recycled polyester or nylon fibers for use in clothing/textile, medical, fashion industries, and so on.

India and China are the two major economies for the eco fibers market. The increasing demand from the domestic market and rising export business from these countries as well as from others such as the U.S., Brazil, Argentina, and Peru are driving the market for eco fibers at global level.

Industrial application - fastest-growing application market for eco fibers  

Eco fibers are used in industrial applications such as flame resistant clothing, ropes, shoes, automotive parts, solar panels, and labels, and so on. Eco fibers used in the industrial applications are mainly lyocell, recycled nylon, recycled polyester, viscose, and organic cotton. The industrial applications of organic cotton fiber are mainly in the chemical industry in the form of dissolving pulp for the manufacturing of cellulose nitrate, viscose, cellulose esters, and cellulose acetate. Recycled nylon fiber finds its usage as plastic fasteners, and other machinery parts used in the electronics industry for its non-conductivity and heat resistant properties. Increased usage in the industrial application segment in the next five years is expected to further boost the market for eco fibers.

Asia-Pacific- the fastest-growing market for eco fibers 

The Asia-Pacific region is the fastest-growing market for eco fibers, in terms of value and volume. The growing industrial applications such as protective clothing in chemical, oil & gas, automotive, and power industries and cheap labor in the Asia-Pacific region is also responsible for the high market numbers and global shift of consumption and production capacity from the developed markets to the emerging markets.

China dominates the eco fibers market in the Asia-Pacific region. China's consumption of eco fibers has grown exceptionally and is expected to witness further growth in the near future. The high growth of the eco fibers market in China is a result of the growing textile industry, encouraging trade conditions, and its better physical properties as compared to virgin fibers such as strength and longevity.

Lenzing AG, Grasim Industries Limited, Teijin Limited, Wellman Plastics Recycling, LLC, US Fibers, David C. Poole Company, Inc., Foss Manufacturing Company, LLC., Polyfibre Industries Pvt Ltd., Shanghai Tenbro Bamboo Textile Co., Ltd. and Tangshan Sanyou Group Xingda Chemical Fibre Co., Ltd. are companies profiled in this latest eco fibers market research available for purchase at http://www.reportsnreports.com/Purchase.aspx?name=438099 .

For the decision makers in advanced materials market, ReportsnReports.com has another research titled Noncellulosic Synthetic Organic Fibers World Report that covers data and information on Nylon Fibers, (Except Producer Textured), Acrylic & Modacrylic Fibers, (Except Producer Textured), Polyester Fibers, (Except Producer Textured), Other Noncellulosic Manmade Fibers, (Except Producer Textured) and Producer Textured Manmade Fibers, Group (Multi) Filament. Information on these 5 products is provided for over 200 countries spread across 2081 pages, 10066 spreadsheets, 9694 database tables as well as 545 diagrams & maps. Read more at http://www.reportsnreports.com/reports/377794-noncellulosic-synthetic-organic-fibers-world-report.html .

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