is a strand or thread with a long, thin, flexible structure. The term ‘Eco fibre’ can be used for animal, vegetable or mineral substances. Eco Fibres exist in a natural form. When they are artificial (man-made or synthetic), they can be preserved into continuous yarn named as filament.
Developing distress for environmental sustainability and conservation around the world, coupled with a growing demand from the developing markets and industrial application are the main drivers for the evolution of eco fibres industry. Developing landfill wastes and the need to accomplish them for minimal environment harm have originated the expansion of the recycling technology. Currently, a foremost portion of the Polyethylene terephthalate (PET) related products wastes go through the recycling process and get transformed into salvaged polyester or nylon fibres for use in several industries such as clothing/textile, medical, fashion industries, and so on.
The eco fibres are broadly divided into several types such as natural fibres, recycled fibres, regenerated fibres and others. Natural fibres are sub-classified into types such protein and cellulose fibres on other side regenerated fibres are also segmented in two types’ regenerated fibres from cellulose and protein. Eco Fibres market
is segmented by end-user application, which includes textiles, household and furnishings, industrial, medical and others. As per the current trends, the eco fibres market has grown significantly over the last few years. APAC is the largest region in terms of demand of eco fibres followed by Europe and North America. A detailed qualitative analysis of the factors responsible for driving and restraining growth of the eco fibres market and future opportunities are provided in the report.
Asia-Pacific (APAC) has been the leading region in terms of deployment and adoption of eco fibers market, followed by North America and Europe in 2015. The APAC region is the fastest-growing market for eco fibres, in terms of volumes. The growing industrial applications such as textiles and industrial and cheap work force in the APAC region is also accountable for the rise in market in terms of consumption and production capacity from the developed markets to the developing markets. China and India dominates the eco fibres market in the APAC region. China’s consumption of eco fibres has developed remarkably and is predictable to witness further development in the near future. The high growth of the eco fibres market in China is an effect of the increasing textile industry, inspiring trade circumstances, and its healthier physical properties; associated with virgin fibres in strength and durability. Among a wide range of manufacturers which contribute to the global market, some players of the industry such as:
- Lenzing AG (Austria)
- Grasim Industries Limited (India)
- Teijin Ltd. (Japan)
- US Fibers (U.S.) and others.
These companies are adopting various growth strategies such as product launch, partnerships, agreements, and acquisitions to increase their market share.The following are the key stakeholders in the high performance pigments market:
- End- Users
- Raw Material Producers
- Suppliers & Distributors
- R & D Institutions
- Regulatory Institutions