Development of Bio-Synthetic Fibers Will Accelerate the Global Synthetic Fibers Market by 2019: TechNavio

LONDON--()--TechNavio has announced the publication of a new market research report on the Global Synthetic Fibers Market, which is expected to grow at a CAGR of 10.39 percent from 2014-2019.

About the Report

Synthetic fibers are mostly non-biodegradable and difficult to recycle. Additionally, production of these fibers is quite energy-intensive.

“As the manufacturing process of synthetic fibers mainly depends on petrochemicals, price volatility and availability becomes a key issue,” says Faisal Ghaus, Vice President of TechNavio.

According to the latest report by TechNavio, consumers worldwide are showing a preference for bio-synthetic fibers as they are more eco-friendly compared to traditional synthetic fibers.

Manufacturers are developing techniques to produce greener synthetic fibers, which are derived from plant sources rather than petrochemicals.

Additionally, the market is witnessing an increase in the demand for geosynthetic fibers, because of their use in construction, sewage treatments, erosion prevention, water management and road construction. The APAC region is leading the Global Geosynthetic Fibers Market because of the demand from the road and waste management sector.

“With increased awareness of environmental protection and performance advantages, the demand for geosynthetic fibers is growing significantly,” says Ghaus.

Key Information Covered in the Report:

  • Market segmentation, size and forecast through 2019
  • Market Growth Drivers:
    • Demand for Light and Strong Materials
    • For a full detailed list, view our report.
  • Market Challenges:
    • Non-biodegradable and Non-skin-friendly Fibers
    • For a full detailed list, view our report.
  • Market Trends:
    • Development of Bio-synthetic Fibers
    • For a full detailed list, view our report.
  • Key Vendors:
    • Jushi Group Co. Ltd.
    • Owens Corning Corp.
    • Teijin Ltd.
    • Toho Tenax Co. Ltd.
    • Toray Industries Inc.
  • Other Prominent Vendors:
    • Akra Polyester
    • BASF
    • BP Amono
    • Cydsa SAB

TechNavio currently has more than 3000 market research reports on a huge range of topics, including 300+ reports on the fibers market:

If you are interested in more information, please contact our media team at media@technavio.com.

Contacts

TechNavio Research
Jes Ellacott
US: +1 630 333 9501
UK: +44 208 123 1770
Media & Marketing Executive
www.technavio.com
media@technavio.com

Release Summary

TechNavio has announced the publication of a new market research report on the Global Synthetic Fibers Market, which is expected to grow at a CAGR of 10.39 percent from 2014-2019.

Contacts

TechNavio Research
Jes Ellacott
US: +1 630 333 9501
UK: +44 208 123 1770
Media & Marketing Executive
www.technavio.com
media@technavio.com