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Middle East And Africa Eco Fibers Ingredients Market Growth, Trends, And Forecasts (2018Β–2023)

(ARABNEWSWIRE.COM, November 27, 2018 ) Eco Fibers Ingredients Market Overview
Eco fibers are created from either natural materials like organic cotton, hemp, jute, or synthetic materials like polyethylene, polyester, or polypropylene which are recycled to change them into eco fibers.

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The major factors propelling for the eco fibers ingredients market are quickly expanding textiles industry in developing nations, including India and China. Growing environmental awareness along with volatile prices associated with conventional fabrics has also fuelled the market for eco fibers.

Eco Fibers Ingredients Market Forecast Report (2018-2023)
Middle East and Africa Eco Fibers Ingredients market was worth USD 3.59 billion in 2018 and estimated to be growing at a CAGR of 10.11%, to reach USD 5.81 billion by 2023.

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Eco Fibers Ingredients Market Segmentation
The Middle East and Africa Eco Fibers Ingredients market is segmented on the basis of Type into Organic Fibers, Recycled Fibers, Regenerated Fibers, and Others. Based on Application, the market is segmented into Clothing/Textile, Household & Furnishings, Industrial, Medical, and Others.
On the basis of geography, the Middle East and Africa market is analysed under the regions namely Middle East and Africa. The Middle East and Africa region has many developing countries and thus the market is estimated to prosper in the coming years.

Major Players:
The major companies dominating this market for its products and services are
• Lenzing AG
• US Fibers
• Polyfibre Industries Pvt Ltd
• Grasim Industries Ltd.
• Wellman Advanced Materials
• Teijin Limited
• Pilipinas Ecofiber Corporation
• China Bambro Textile (Group) Co., Ltd.
• Tangshan Sanyou Group Xingda Chemical Fibre
• Foss Manufacturing Company
• David C
• Poole Company Inc

Key Developments in the Market
• APAC dominated the global eco fiber market with 38% share in 2017
• In 2017, the textile segment held the highest market share of nearly 50%

The market is showcasing evident potential in the mentioned forecasting period. The eco fibers ingredients market continues to gain momentum with the rapid development in the pharmaceutical industry.

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About Us
Market Data Forecast is a firm working in the areas of market research, business intelligence and consulting. We have rich experience in research and consulting for various business domains to cater to the needs of both individual and corporate clients.

For more information:
Abhishek Shukla
Sales Manager at Market Data Forecast
Tel: +1-888-702-9626

Market Data Forecast.

Abhishek Shukla


Source: EmailWire.Com

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