PUNE, India, November 16, 2015 /PRNewswire/ --
The report "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, and Rest of the World) - Global Forecast to 2020", published by MarketsandMarkets, The Global Eco Fibers Market is projected to reach USD 74.65 Billion by 2020 register at a CAGR of 11.46% between 2015 and 2020.
Browse 88 market data Tables with 52 Figures across 157 Pages and in-depth TOC on "Eco Fibers Market".
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Clothing/Textile - major market for eco fibers
Clothing/textile is a major application for the eco fibers market. Eco fibers are becoming the most popular type of fibers used in the clothing and apparel industry for properties similar to non-organic fibers. The two main functions performed by eco fibers in clothing are strength and comfort. Major fibers used in the clothing/textile application are organic cotton fibers, recycled fibers such as polyester, and regenerated fiber such as lyocell, viscose. Among these, organic fibers are the most preferred fibers for clothing as they provide an optimum level of comfort and are best suited for maintaining a person's health and well-being. Variations of fibers are also implemented to provide strength and color consistency to the fabric manufactured such as recycled cotton fibers along with rPET, cotton fibers along with virgin acrylic fibers, and so on.
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The U.S. and India cumulatively accounted for more than 40% of the global eco fiber market in terms of value in 2014
The U.S. is the biggest market in the North American region as well as in global scenario with around 53% regional share. India is the biggest end user and producer of eco fibers with about 35% share in the Asia-Pacific region and is the second largest globally. The U.S. and India together accounted for around 40.0% of the global eco fibers market size in terms of value in 2014. The U.S. and India are the largest markets in their respective regions, and are expected to compete with each other to dominate the global market by 2020, with advanced eco fiber materials for end users.
In 2014, Asia-Pacific was estimated to be largest market for eco fibers that accounted for around 37% of the overall eco fibers market in terms of value. North America and Europe, together accounted for more than 40% of the global eco fibers market in terms of value in 2014. The eco fibers market in these regions is expected to increase substantially between 2015 and 2020, as the acceptance for these fibers is increasing in these regions.
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Lenzing AG (Austria), Grasim Industries Limited (India), Teijin Ltd. (Japan), and US Fibers (U.S.) are the dominant market players in the global eco fiber market.
This report covers the market by value and volume for eco fibers and forecasts the market size till 2020. It includes the market segmentation by type, application, and region. It also provides company profiles and competitive strategies adopted by the major market players in the global eco fibers market. Companies such as Lenzing AG (Austria), Grasim Industries Limited (India), Teijin Ltd. (Japan), and US Fibers (U.S.) are the dominant market players in the global eco fibers market.
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