Specialty Synthetic Fibers and Glass Fiber Market worth $20.1 Billion by 2018

Wednesday 16 April 2014, Amsterdam

It also identifies the driving and restraining factors for the specialty synthetic fibers and glass fiber market with an analysis of trends, opportunities, burning issues, and winning imperatives. The market is segmented and the volume & values have been forecasted on the basis of major regions such as North America, Europe Asia-Pacific, and Rest of the World (ROW). Further, the market is segmented and values are forecasted on the basis of major applications of each specialty synthetic fibers and glass fiber.

The specialty synthetic fibers and glass fiber market is segmented into seven types: Para aramids, meta aramids, UHMW Polyethylene, carbon fiber, partially oxidized polyacrylonitrile fiber, and others including PPS fiber, PBI fiber, PBO fiber and liquid crystal polymer fiber and glass fiber. These individual specialty synthetic fibers have application specific demands that are differentiated by their physical properties. Para and meta aramids are mainly used in safety applications such as protective clothing, gloves, etc. UHMW polyethylene is high strength fiber used for ballistic protection, bullet proof vest, jackets, etc.

Huge potential of this market is drawing various new industry participants. The development in the specialty synthetic fibers will make its application more convenient in ballistic applications, aerospace, automotive, wind energy, sporting goods, and other areas; thereby, offering numerous advantages to the industry in which these are applied. On an account of increasing demand for lighter, safer, and high strength materials and increasing applications of specialty synthetic fibers and glass fiber, the market will experience an increase in demand in the years to come.

Specialty synthetic fibers manufacturers are constantly trying to develop their products line in order to increase their market share which in turn helps them to bag bulk supply contracts. This market is mainly dominated by few specialty synthetic fibers and glass fiber manufacturers in each specialty synthetic fibers type. Major layers in this market are DuPont (U.S.), Teijin Limited (Japan), Toho Tenax (Japan), Toray Industries Inc (Japan), Royal DSM (The Netherlands), Honeywell International Inc. (U.S.), Owens Corning (U.S.), and Jushi Group (China).

The report forecasts revenue of the global Specialty synthetic fibers and glass fiber market and its various submarkets with respect to four main regions such as North America, Europe, Asia-Pacific, and Rest of the world (ROW).