Market revenue in 2022 | USD 1,324.8 million |
Market revenue in 2030 | USD 2,040.4 million |
Growth rate | 5.5% (CAGR from 2022 to 2030) |
Largest segment | Manmade/regenerated |
Fastest growing segment | Organic |
Historical data | 2018 - 2021 |
Base year | 2022 |
Forecast period | 2023 - 2030 |
Quantitative units | Revenue in USD million |
Market segmentation | Organic, Manmade/regenerated, Recycled, Natural |
Key market players worldwide | Lenzing AG, Grasim Industries Ltd DR, Teijin Ltd, USFibers, Wellman Advanced Materials, Zauba Technologies, Lanmeiren Textile (Shanghai) Co., Poole Company, Foss Performance Materials |
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The databook is designed to serve as a comprehensive guide to navigating this sector. The databook focuses on market statistics denoted in the form of revenue and y-o-y growth and CAGR across the globe and regions. A detailed competitive and opportunity analyses related to eco fiber market will help companies and investors design strategic landscapes.
Manmade/regenerated was the largest segment with a revenue share of 57.89% in 2022. Horizon Databook has segmented the UK eco fiber market based on organic, manmade/regenerated, recycled, natural covering the revenue growth of each sub-segment from 2018 to 2030.
Eco fiber industry in the UK is driven by factors such as growing automobile production in the country on account of capacity expansion by companies such as Land Rover, which, in turn, has boosted the demand for carpet in car backings.
Furthermore, the upholstery textile products such as carpets, are also expected to find applications in residential buildings and commercial offices owing to high market visibility. The presence of premium carpet manufacturers such as Brinton Carpets has also contributed significantly to the growth of eco fiber industry across the region.
Government initiatives, such as Housing Zone Creation and the GBP 600 million Stimulus fund to build on Brownfield sites, are expected to increase the number of residential buildings in the UK, which may increase the application of carpet as flooring materials over the forecast period.
Horizon Databook provides a detailed overview of country-level data and insights on the UK eco fiber market , including forecasts for subscribers. This country databook contains high-level insights into UK eco fiber market from 2018 to 2030, including revenue numbers, major trends, and company profiles.
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