Growth in end-user industry is expected to drive the abaca fiber market in Asia Pacific:Growth opportunities in global Industry by 2024

Global Abaca Fiber Market: Overview

Abaca, also called as manila hemp, is extracted from the leaf sheath around the trunk of Musa textilis, a type of banana plant that is mostly found in the Philippines and humid tropics. Harvesting and cultivating abaca is a labor-intensive process as the pulp is removed by cutting strips and scraping stalks. Fibers obtained from the process are then dried and removed. Abaca fiber has high strength and is used in the paper industry for making mimeograph mats and teabags.

It is also used to make handicraft such as carpets, furniture, clothing, and bags. Abaca fiber is used in fishing nets, hawsers, and shipping lines due to beneficial properties such as flexibility, durability, and saltwater resistance. It is classified as a hard fiber along with sisal, coir, and henequin. In addition, abaca fiber is used in gifts, toys, and housewares. Furthermore, it is used as an alternative to glass fiber reinforced plastics components. Various local textile manufacturers use 30% to 50% of abaca in the production of maong (denim).

Get the PDF Brochure for more Professional and Technical industry insights: http://www.transparencymarketresearch.com/sample/sample.php?flag=B&rep_id=16022

Global Abaca Fiber Market: Drivers and Restraints

Abaca is used in end-user industries such as fiber craft, paper & pulp, and cordage. In terms of consumption, pulp & paper was the largest end-user of abaca fiber followed by cordage and fiber craft industries in 2014. Wide application range of abaca fiber in the production of specialty paper is anticipated to be one of the key factors driving demand for abaca fibers in the paper & pulp industry. Increasing demand for cordage in the production of ropes used in ships and other industrial applications is expected to boost demand for abaca fiber during the forecast period.

The automotive industry also uses natural rubber as filling material in hat racks, bolster, damping, interior trim parts, and parcel trays. Therefore, rising demand for natural fiber in the automotive industry and increasing automobile sales in developing nations such as China, India, and Brazil are anticipated to fuel the abaca fiber market during the forecast period. Combining abaca with silk has resulted in the production of an acceptable textile for wearing purposes.

Global Abaca Fiber Market: Geographical and Competitive Dynamics

Asia Pacific was the fastest-growing and largest market for abaca fibers in 2014. More than three-fourth of the total abaca is produced in the Philippines. Initiatives are taken by the Philippine Rural Development Program (PRDP) to increase usage of abaca fibers and gain economic benefits for the nation. Additionally, abaca is rapidly replacing non-biodegradable polymers. More than half of the total abaca produced is exported from Philippines and Bangladesh to Europe, North America, China and Japan. The abaca plant is vulnerable to a number of pathogens. Hence, supply of abaca fibers fluctuates, thus acting as restraint for growth of the abaca fiber market.

Browse the full Research report @: http://www.transparencymarketresearch.com/abaca-fiber-market.html

Growth in the furniture industry is expected to drive the abaca fiber market in Asia Pacific during the forecast period. However, increasing environmental restrictions regarding the usage of non-biodegradable polymeric fibers is likely to act as an opportunity for the abaca fibers market during the forecast period. Research and development is being carried out to improve physical properties of abaca fibers. Abaca is mostly used in making teabags and cordage in Europe. Negligible amount of abaca fiber is used in Latin America and Middle East & Africa due to average demand from the end user industry.

Key players in the abaca fiber market include Tag Fibers, Inc., Ching Bee Trading Corporation, MAP Enterprises, Selinrail International Trading, The Fiber World, Italfil Expo Bags Company Limited and Yzen Handicraft Export Trading.

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.

Superabrasives (Turning, Cutting, Buffing, Drilling, Boring, Grinding) Market Research Report 2025

An abrasive is a material which molds or provides finishing to a work piece through a process which includes buffing, grinding, cutting, as well as polishing. Abrasion typically depends on the difference in the hardness of the material and the abrasive (with the latter being the harder of the two). Unlike regular abrasion where any two solid materials that repeatedly rub against each other tend to wear away, superabrasives possess the kind of hardness that enables them to stay usable for a longer period of time. On the basis of hardness, the top two superabrasives include diamond and cubic boron nitride (CBN). Industrial diamonds used as superabrasives are exceptionally hard materials. However, they display several technological limitations. For instance, when a diamond comes in contact with a ferrous alloy such as steel or a nickel superalloy, the resulting formation of carbide leads to its abrasion. Also, a diamond-containing tool can only be used at moderate temperatures a

Industrial Lubricants Market: Strong Demand Across Automotive Industry, Trends To 2025

Lubricants refer to the organic or inorganic material primarily being use to decrease friction between two surfaces in contact. Lubricants play a key role in several industries as well as in commercial and residential sectors. One of their most common uses is in the lubrication of bearings and gears, allowing for their easy movement at high speeds, without loss in energy, prevent excessive generation of heat, or most importantly, prevent damage that would be caused otherwise. Industrial lubricants are, therefore, essential in enhancing the overall efficiency of a machine that contains moving parts in contact with one another. The global industrial lubricants market is currently expanding at a solid growth rate, driven by several factors and spearheaded by the likes of BP, Total, Chevron Corporation, ExxonMobil, and Shell. Browse Market Research Report @ http://www.transparencymarketresearch.com/industrial-lubricants-market.html What Impact has the Oil and Gas Industry Had

Rapid Prototyping Market - Rapidly Gaining Importance in Aerospace Sector, Research By 2024

Rapid prototyping is a technique in which the physical modeling of a design is done with the help of specialized machining technology. It was developed initially in the mid-1980s, the principle used in this technology is of solid modeling with the help of computer programs (i.e. CAD). Solid modeling makes use of computer aided-design (CAD) data to completely describe not just the external shape of parts or equipment, but its interior volume as well as the outside surfaces. The computer model is sliced into thin layers and the part of the product or commodity to be modelled or developed as per the requirement, is eventually fabricated by adding layers onto each other. Obtain Report Details @ http://www.transparencymarketresearch.com/rapid-prototyping-market.html The primary benefit of the system is that almost any shape can be manufactured using computerized programs. Time and money savings vary from 50% to 90% compared to conventional systems. Types of rapid prototypi

Market Research Reports

Search This Blog