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Development of Bio-Synthetic Fibers Will Accelerate the Global Synthetic Fibers Market by 2019: TechNavioTechNavio 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 th Report:
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 [email protected].
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