Strategic Analysis of Bast Fibers Market
Request to view sample of this report at: https://www.transparencymarketresearch.com/sample/sample.php?flag=B&rep_id=24389
Based on fiber type, the bast fiber market can be segmented into soft fiber and hard fiber. The soft fibers segment accounted for significant share of the bast fibers market in 2016 owing to the wide applications in different end-use industries. The hard fibers segment is anticipated to experience high growth rate, led by the increase in demand for textiles. Changes in consumer preferences and rise in disposable income are anticipated to boost the demand for bast fibers during the forecast period.
Read report overview at: https://www.transparencymarketresearch.com/bast-fibers-market.html
In terms of region, the global bast fibers market has been divided into Asia Pacific, North America, Europe, Middle East & Africa, and Latin America. Asia Pacific accounted for key share of the bast fibers market in 2016, followed by North America and Europe.
The market for bast fibers in Asia Pacific is estimated to expand due to the rise in demand for hemp fibers in various end-use industries such as pulp & paper, injection molding, and insulation materials. The bast fibers market is driven by the increase in demand for these fibers in the automobile sector. Growth in disposable income of consumers in North America and Europe is projected to boost the bast fibers market in these regions. The U.S. and the U.K. are likely to constitute major share of the bast fibers market in North America and Europe, respectively, during the forecast period due to the high disposable income of consumers in these regions.
The bast fibers market is anticipated to witness a shift from the U.S. and Western Europe to developing economies in Asia Pacific, led by the rising demand for composites in the automobile sector. The bast fibers market in developing economies in Asia, namely China and India, is also estimated to expand at a rapid pace due to the increase in income and changing lifestyle of consumers. Technological advancements and innovations in new application areas are also projected to boost the demand for bast fibers during the forecast period.
Global demand for bast fibers is anticipated to rise significantly in the near future. This offers high growth opportunities for the bast fibers market. Rapid increase in demand in end-use applications, low costs, and high economic growth rate are propelling the bast fibers market in Asia Pacific. These factors are encouraging companies to adopt expansion and R&D strategies in the region. Market players are focusing on Asia Pacific to gain higher market share. Producers of bast fibers are adopting expansion and acquisition strategies to meet the global demand. Large numbers of producers are shifting their plants to countries such as China and India due to factors such as high demand and low raw material and labor costs in these countries.
Major players operating in the global bast fibers market are Bast Fibers LLC, FlexForm Technologies, Procotex SA Corporation NV, Polyvlies Franz Beyer GmbH & Co. Kg, Tecnaro GmbH, Greencore Composites Inc., Polymera Inc., and Park Electrochemical Corp.
The report offers a comprehensive evaluation of the market. It does so via in-depth qualitative insights, historical data, and verifiable projections about market size. The projections featured in the report have been derived using proven research methodologies and assumptions. By doing so, the research report serves as a repository of analysis and information for every facet of the market, including but not limited to: Regional markets, technology, types, and applications.
Transparency Market Research (TMR) is a global market intelligence company providing business information reports and services. The company’s exclusive blend of quantitative forecasting and trend analysis provides forward-looking insight for thousands of decision makers. TMR’s experienced team of analysts, researchers, and consultants use proprietary data sources and various tools and techniques to gather and analyze information.
TMR’s data repository is continuously updated and revised by a team of research experts so that it always reflects the latest trends and information. With extensive research and analysis capabilities, Transparency Market Research employs rigorous primary and secondary research techniques to develop distinctive data sets and research material for business reports.
Transparency Market Research
90 State Street,
Albany NY - 12207
USA - Canada Toll Free: 866-552-3453
This release was published on openPR.
Permanent link to this press release:
Please set a link in the press area of your homepage to this press release on openPR. openPR disclaims liability for any content contained in this release.
You can edit or delete your press release Strategic Analysis of Bast Fibers Market here
News-ID: 1080974 • Views: 148
More Releases from Transparency Market Research Reports
Smart Remote Control Market: Analysts Expect Robust Growth in 2028
The rise in the use of technology across the globe has hit the shore of remote controls too. On the back of technological advancements, the smart remote control market may gain considerable momentum across the forecast period of 2019 -2028. The shift in consumer preference from cost-effectiveness to convenience is serving as a prominent growth factor for the smart remote control market. Based on technology type, the smart remote control
HYDROGEN SULFIDE SCAVENGERS MARKET TO REACH A VALUE OF ~US$ 655 MN BY 2027: TRAN …
Hydrogen Sulfide Scavengers Market: Key Highlights The global hydrogen sulfide scavengers market was valued at ~US$ 440 Mn in 2018, and is anticipated to expand at a CAGR of ~5% from 2019 to 2027. Increase in crude oil production enhances oilfield operations such as drilling, cementing, production, workover and completion, and well stimulation. This drives the demand for production chemicals such as hydrogen sulfide scavengers. The demand for crude oil is increasing
METAL-ORGANIC FRAMEWORK MARKET TO REACH A VALUATION OF ~US$ 24 MN BY 2027: TRANS …
Metal-organic Framework Market: Introduction In terms of value, the global metal-organic framework market is anticipated to expand at a CAGR of ~11% from 2019 to 2027 Metal-organic framework is a class of porous materials constructed from metal-rich inorganic nodes bonded with organic linkers. The structure provides high density of three-dimensional porous cores with a large surface area, uniform cross-linkages, and tunable porosity. Metal-organic framework possesses excellent absorption rate for hydrogen, water, carbon
PE BLOW MOLDED PRODUCTS MARKET TO REACH A VALUATION OF ~US$ 8 BN BY 2027: TRANSP …
PE Blow Molded Products Market: Introduction In terms of value, the PE blow molded products market is anticipated to expand at a CAGR of ~5% from 2019 to 2027 PE blow molded products are generally containers, drums, or other rigid packaging materials manufactured through the blow molding process of polyethylene polymers such as HDPE, LDPE, and LLDPE The HDPE material segment accounted for a major share of the PE blow molded products market
More Releases for Asia
RAMPF Korea – Producing in Asia for Asia
Joint Venture for the Asian markets – The international RAMPF Group has realigned the cooperation with its long-standing partner Orient Dosiertechnik from Korea with the founding of RAMPF Korea Co., Ltd. The new company based in Hwaseong City is developing and producing mixing and dispensing systems specifically for the Asian markets. Within the framework of the new joint venture based in Hwaseong City, mixing and dispensing systems are being developed and
LIXIL Asia Presents Asia Pacific Property Awards
Through its power brands GROHE and American Standard, LIXIL Asia signs a three-year deal to become the Headline Sponsor of the Asia Pacific Property Awards from 2019 until 2022. 23rd January 2019: The International Property Awards, first established in 1993, are open to residential and commercial property professionals from around the globe. They celebrate the highest levels of achievement by companies operating within the architecture, interior design, real estate and property
MES: Expansion in Asia
Berlin, November 24, 2014: Model Engineering Solutions (MES), the Berlin-based specialist for model-based software development, has significantly expanded its business in Asia. In recent years, MES has built up a network of local partners in Japan, Korea, China, and India in order to benefit from the growing market and increasing interest in model-based development and ISO 26262 in Asia. Asia: Driving force in the automotive industry The automotive industry continues
Undersea Defence Technology Asia, UDT Asia 2011
Latest Military Diving Technologies featured in UDT Asia Equipping Asia’s navies with the latest diving technology for asymmetric warfare and operations SINGAPORE, 17 October 2011 - Naval diving and underwater special operations is a field that is seeing increased attention and investment amongst navies in Asia. Units such as the Indonesian Navy‟s KOPASKA, the Republic of Singapore Navy‟s Naval Diving Unit (NDU), the Royal Malaysian Navy‟s PASKAL are increasingly utilising specialised equipment for conducting
UDT Asia 2011
Clarion Events hosts the Undersea Defence Technology (UDT) Asia 2011 conference and exhibition to bring senior naval and industry personnel together to cover underwater developments in the region Singapore, May 30 – Clarion Events is hosting UDT Asia on 30 November – 1 December 2011. The event brings together the undersea defence community in Asia, featuring top regional naval speakers, who will be addressing the latest underwater requirements for Asian navies. According
eltherm goes Asia
Finally all preparations are finished and the new subsidiary of eltherm GmbH, eltherm Asia Pacific Pte Ltd has commenced operations in Singapore on 1st April 2010. To celebrate the starting shot, an opening celebration was held in the afternoon of 28th July in the office premises followed by a get together dinner and drinks in the evening at a pub. A total of 62 guests attended the event with the