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Specialty Synthetic Fibers Play Vital Role in Weight Reduction and Fuel Economy for Transportation Industry
Specialty synthetic fibers and glass fiber are largely used for the high performing premium applications such as aerospace, high end automotive, etc. The advantage offered by these materials are far more bigger than the traditional materials in terms of strength, heat and chemical resistance, durability, strength to weight ratio, etc.
Specialty synthetic fibers such as aramids, UHMW polyethylene are increasingly used for body and vehicle armor. Rising military conflicts and civilian security concerns are driving the demand for greater ballistic protection which in turn is fueling the demand for specialty synthetic fibers and glass fiber. Aerospace industry is increasingly using carbon fiber and carbon fiber reinforced materials to cut back on weight, thereby saving millions of dollars spend on the fuel. Growing demand from transportation industry especially from automotive market expected to drive demand for specialty synthetic fibers and glass fiber in the coming future.
The major companies in this market are focusing on new product development and expansions. The growth in the specialty synthetic fiber market demands new and improved products and technologies that meet the requirements. This has led to research by industry players to both bring new products as well as decrease the cost of production by implementation of new technologies.
Specialty Synthetic Fibers & Glass Fiber Market by Types (Para & Meta Aramids, UHMW Polyethylene, Carbon Fiber, POA, Glass Fiber & Others), Applications (Aerospace & Defence, Automotive, Wind Energy, etc.) & Geography - Global Trend & Forecast to 2018
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