According to the latest Report on Glass Fiber Market and Specialty Synthetic Fibers worth $20.1 Billion by 2018

Glass fiber market and specialty synthetic fibers is witnessing growth on an account of increasing demand for lightweight, safe, and advance materials to achieve fuel economy and reduce environment pollution.These products include para and meta aramids, UHMW polyethylene, carbon fiber, partially oxidized polyacrylonitrile fiber, and others including PBI fiber, PPS fiber, PBO fiber, liquid crystal polymer fibers, and so on. Specialty synthetic fibers such as UHMW polyethylene, carbon fiber, glass fiber are increasingly used in several industrial applications to improve performance as well as reduce maintenance cost.

Glass fiber dominates the market and specialty synthetic fibers both in terms of volume and value. Asia-Pacific captures majority of shares in the glass fiber market owing to growing consumption of glass fibers in thriving economies such as China, India, etc. However, carbon fiber is growing at a rapid pace. Growing demand from aerospace & defense and wind energy industries across the globe is expected to continue driving demand for carbon fiber.

                                                       

Major players of this market are DuPont (U.S.), Teijin Limited (Japan), Toray Industries Inc. (Japan), Toho Tenax (Japan), Royal DSM (The Netherlands), Honeywell International Inc. (U.S.), Owens Corning (U.S.), and Jushi Group (China). Most of the players relied on new product launches, acquisitions, and expansions. Growing demand for specialty synthetic fibers prompted most of the companies to launch innovative product. Many companies in this market are focusing on research activities to explore new applications to expand their market penetration.

The report analyzes the glass fiber market on the basis of specialty synthetic fibers types and glass fiber, penetration of each type of specialty synthetic fiber in each major region and every application market. It also covers the market behavior of leading players, key developments, and strategies implemented by these market players to sustain and succeed in the market.

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).

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