Europe was in search of new sources of materials for its rapid industrialization true or false

Yes, Europe was in search of new sources so this is true.

True

Explanation:

As the industrial revolution relates to the rapid transformation of the agrarian economy to the manufacturing and the rise of the automation and the mechanized produced works all possible due to the availability of the raw matter for the production process as the natural resources like the coal, iron and other sources of input came from the natural environment. Thus Europeans get the first to colonize the natural lands as they set out for the discovery of the new lands which had an abundant of the resource base. The textile, steel and the cotton manufacturing mills thus had to gather and collect the wool, and the silk industry alike.The glass and the paper machinery also make use of the trees and mining is the primary form of raw material and resource collection as coal was an important component of the industry.