London, 02 January 2015: TechNavio, the independent tech-focused global research firm, has published a report on the Global Synthetic Fibers Market 2015-2019, which is expected to post a CAGR of 10.39 percent during the period of 2014-2019.
Manufacturers are developing techniques to produce green synthetic fibers, which are basically derived from a plant source rather that petrochemicals. The major driving force of this market is the increasing demand for lighter and high-strength material as well as the development of new fashion trends. Synthetic fibers are lightweight when compared to natural fibers. They can be washed and dyed easily. With changing fashion trends and lifestyles, designers and manufacturers are using synthetic fibers widely.
“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,” says Faisal Ghaus, Vice President of TechNavio.
Key Market Drivers
- Demand for Light and Strong Materials
- New Fashion Trends
- Cheap Alternative to Natural Fibers
- Increased Disposable Income
Key Market Trends
- Development of Bio-synthetic Fibers
- Demand for Geosynthetic Fibers
- Increased Use of Spunbound Non-woven Fibers
- Advances in Technology
Key Market Vendors
- Jushi Group Co. Ltd.
- Owens Corning Corp.
- Teijin Ltd.
- Toho Tenax Co. Ltd.
- Toray Industries Inc.
To define the market circumstances in the next 3-4 years, TechNavio analysts have conducted in-depth analysis of the impact of market drivers, challenges and trends featuring data on product segmentations, vendor shares, growth rate by revenue and an evaluation of the different buying criteria in the order of importance.
https://www.technavio.com/%3Cp%3EIf%20you%20are%20interested%20in%20more%…
