Market Challenges And Opportunities

Staple fibers Market Outlook – Increasing Environmental and Soil concern to be the Major Market Driver

Asia Pacific and North America are major markets for staple fiber. Asia Pacific is projected to witness high growth rate over the forecast period. This mainly attributed to the rapidly growing urbanization coupled with growing population in the emerging economies such as India and China. In 2016, the construction industry in China witnessed a growth of 17%, which was greater than 5% as compared to 2015. According to IBEF, the Indian infrastructure industry is expected to grow to US$ 5 billion till 2022. From April 2000 to March 2016 infrastructure and construction development in India received a foreign direct investment, which accounted for US$ 25.19 billion. The growth of allied industries such as construction materials and furnishing have boosted growth of staple fibers market in the region.