DUBLIN, Dec. 09, 2015 /PRNewswire/ --
Research and Markets (http://www.researchandmarkets.com/research/vt78gn/eco_fibers_market) has announced the addition of the "Eco Fibers Market - Global Forecast to 2020" report to their offering.
The global eco fibers market size, in terms of value, is projected to reach USD 74.65 Billion by 2020, and is projected to record a CAGR of 11.46% between 2015 and 2020. In terms of volume, the global eco fibers market is projected to reach 21,984.9 kilotons by 2020, at a CAGR of 10.38% during the forecast period.
The increasing awareness among the common population about environment conservation and sustainability, and increasing demand from the emerging economies due to the growing lifestyle requirements and infrastructural needs are key factors for the growth of the global eco fibers market.
In terms of types, the market for organic fibers is projected to register the fastest growth among other types followed by regenerated fibers segment in the global eco fibers market. The collective growth in the use of organic fibers is due to the increase in the awareness about use of eco-friendly products and environmental regulations, which in turn puts emphasis on the use of efficient and environment friendly techniques in the production of fibers.
Industrial application is the fastest-growing segment in the global eco fibers market. Recycled nylon fibers are highly preferred for industrial applications. The growing demand from core industries such as chemical, automotive, renewable power is the key factor attributing to the fast growth rate of the industrial application in the eco fibers application market.
The Asia-Pacific region, being the largest consumer of eco fibers, is also projected to register a high CAGR of 13.05%, in terms of value between 2015 and 2020. This growth is majorly driven due to increase in eco fibers demand in various application sectors such as textile, fashion, and export industries. These industrial sectors, including, industrial, and household have led to the growth of eco fibers as a substitute of virgin fibers in this region.
Key Topics Covered:
1 Introduction
2 Research Methodology
3 Executive Summary
4 Premium Insights
5 Market Overview
6 Industry Trends
7 Eco Fibers Market, By Type
8 Eco Fibers Market, By Application
9 Eco Fibers Market, By Region
10 Competitive Landscape
11 Company Profiles
For more information visit http://www.researchandmarkets.com/research/vt78gn/eco_fibers_market
Media Contact: Laura Wood , +353-1-481-1716, [email protected]
SOURCE Research and Markets
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