Growing Demand for Lighter, Safer, and High Performing Materials Drive the Growth of Specialty Synthetic Fibers and Glass Fiber
Globally, specialty synthetic fibers and glass fiber are used in wide ranging industries owing to their superior physical properties coupled with a significant amount of advantages these specialty synthetic fibers and glass fiber offer. Several industries are opting for these materials to enhance its products productivity as well as efficiency.
Specialty synthetic fibers and glass fiber market is highly concentrated market with few players dominating majority of the market. It is highly capital intensive market and majorly driven by advance technology and patented know how for the production of specialty fibers. Major players in this market are competing on various parameters such as technical innovation, production capabilities, performance, quality, geographic reach, etc. The major companies in this market are DuPont (U.S.), Honeywell International (U.S.), Teijin Limited (Japan), Owen Corning (U.S.), Royal DSM (The Netherlands), Toray Industries Inc (Japan), and Toho Tenax (Japan).
In 2012, the glass fiber dominated the specialty synthetic fibers and glass fiber market and accounted for 60.0% of the total market share in terms of value. Carbon fiber market is expected to grow at a higher rate owing to huge demand from aerospace & defense, wind energy market in near future.
Related Reports:
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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