World News: 10:55 GMT Wednesday 12th June 2019. [Research and Markets via Globe Newswire via SPi World News]
Dublin, June 12, 2019 (GLOBE NEWSWIRE) -- The report has been added to offering. The Europe carpet market size is projected to reach USD 63.7 billion by 2025, according to this new report. It is anticipated to expand at a CAGR of 3% over the forecast period. Rising expenditure on home improvement and residential floor replacement in developed markets of Germany and Spain is expected to fuel the demand for soft covering flooring material, particularly carpets.Rising environmental concerns over greenhouse gas emissions have resulted in rising preferences for biodegradable and sustainable products. In January 2015, Niaga established a partnership with DSM for the development of carpet technology with 100% recycling and 95% energy reduction processes.Demand for nylon exceeded 325 million square meters in 2018 and is expected to foresee significant gains owing to increased acceptance of polyamides for providing good wear properties. Over the past few years, companies including ROLS have increased their expenditure for incorporating nylon.
Laura Wood, Senior Press Manager
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Globe Newswire: 10:55 GMT Wednesday 12th June 2019
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