The global bio-based synthetic fibers market report is an in-depth study of various trends, drivers, and economic forecasts. The bio-based synthetic fibers are variations of natural or synthetic fibres which in theory, bring together the best of both the worlds. These fibers are gaining increasing traction worldwide as challenges like climate change continue to force manufacturers to find sustainable solutions. The natural fibers are quite popular in a wide range of industries due to the recyclable qualities. However, these can be limited in their use. For example, the natural fibres can show limitation in their core application in the automotive sector.
These are moisture sensitive. Moreover, their bonding with polymer matrices is also weak. On the other hand, bio-based synthetic fibers are widely used in textiles, constructions, furniture, and the automotive industry. These do not show limitations in processing temperature, quality, and consistence unlike their natural counterparts. Hence, the growing demand for these in a wide range of sectors is expected to drive considerable opportunity for players in the bio-based synthetic fibers market.
Major Key Players
Cathay Industrial Biotech
Global Bio-based Synthetic Fibers Market Segmentation
The global bio-based synthetic fibers market is segmented according to their type, application, and region. Based on type, the market is divided into PLA, PET, PA, PTT, and others. Among these, the PTT segment is expected to witness significant growth. The PTT is widely used in the textile industry due to its soft fabric, vibrant colors, and easier dying abilities. Moreover, these textiles can also stretch and recover better. The market is also segmented according to clothing, protective gear, bags, and others. The bag segment is expected to throw in a few surprises. Investors can also purchase detailed reports on other sectors like automotive in the bio-based synthetic fibers market. The rising demand for these products is expected to create considerable opportunities for players soon.
The bio-based synthetic fibers market is segmented in key regions including North America, Europe, Asia Pacific, and Middle East & Africa. Among these, the bio-based synthetic fibers are expected to witness considerable demand in Europe. The EU has passed legislation requiring automotive manufacturers to include 85% of vehicle body weight to be made of reusable and recyclable materials.
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