Texfact of the week: The Mobiltech market will grow by 60 percent to 4 bn. USD until 2020.
According to Frost & Sullivan, the fiber market for automotives will reach 4 billion USD in 2020, up from 2.46 billion USD in 2013. This is mainly driven by the need for lighter and more fuel-efficient vehicles. Thanks to the advantages of technical textiles and composite applications in terms of lightweight construction, we also expect a rapid growth for the Mobiltech segment in the future. The “Strategic Analysis of the Global Fibers Market for the Automotive Sector” is available at www.frost.com.