Specialty Synthetic Fibers & Glass Fiber Market - Global Trend & Forecast to 2018

Specialty Synthetic Fibers & Glass Fiber Market - Global Trend & Forecast to 2018

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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

The specialty synthetic fibers and glass fiber market had a consumption of 4,652,100.2 MT in 2012, with the highest share held by Glass fiber. The global market is projected to grow at a CAGR of 5.2% from 2013 to 2018. The highest revenue is forecasted to be for glass fiber, owing to the low pricing as compared to other specialty synthetic fibers, growing application markets, availability of raw material sand huge production scale especially in China. Carbon Fiber is expected to have the highest growth of 10.2% from 2013 to 2018. The para aramids and meta aramids are expected to share together 18.6% of the revenue by 2018, growing at the rates of 6.9% and 4.9%, respectively between 2013 and 2018.

DuPont (U.S.), Teijin Limited (Japan), Toho Tenax (Japan), Toray Industries Inc. (Japan), Mitsubishi Rayon Co. Ltd (Japan), Royal DSM (The Netherlands), Honeywell International Inc. (U.S.), Owens Corning (U.S.), and Jushi Group (China) are the major active players in the specialty synthetic fibers and glass fiber market. These companies showed the highest strategy adoptions amongst other players in the global specialty synthetic fibers and glass fiber market.

From 2010 to 2013, new product launch/development was observed as the major growth strategy adopted by the specialty synthetic fibers and glass fiber companies, accounting for a share of 28% overall. In November 2013, DSM Dyneema unveiled new Dyneema Force Multiplier Technology products that offer improved performance up to 25% higher ballistic protection while decreasing weight by up to 20%. Similarly in September, 2013 Teijin Aramid developed Twaron T765, new fabric for anti-ballistic spall liner to safeguard military vehicles such as tanks, trucks, and armored personnel carriers and passengers in DESI show, London, U.K. The industry players are looking for acquisitions to increase the reach, and also enhance their penetration in the market. In May 2013, Owens Corning signed a deal with Japan based Tanaka Kikinzoku Kogyo K.K and Tanaka Kikinzoku International K. K. to buy Tanaka Kikinzoku (Suzhou) Co., Ltd (TKS), producer of glass fiber bushings and other parts. This transaction enhanced the company's product offering in the fast growing glass fiber market of China.

Major companies offering specialty synthetic fibers and glass fiber are actively involved in launching new products in the market by investing in R&D. Irrespective of the company's size, all the market participants are actively investing in developing new products and delivering them to the market. The manufacturing companies are leveraging distribution networks of major companies by entering in to strategic supply and distribution agreements. In this way, companies are able to explore new markets and penetrate into the existing markets with highly efficient products.

Table of Contents

Table Of Contents

1 Introduction (Page No. - 25)
1.1 Key Take-Aways
1.2 Report Description
1.3 Markets Covered
1.4 Stake Holders
1.5 Research Methodology
1.5.1 Market Size
1.5.2 Key Data Points Taken From Secondary Sources
1.5.3 List of Secondary Data Sources
1.5.4 Key Data Points Taken From Primary Sources
1.5.5 Assumptions Made For This Report

2 Executive Summary (Page No. - 32)

3 Premium Insights (Page No. - 34)
3.1 Market Segmentation
3.2 Factors Driving The Market to Overpower Market Restraints
3.3 Carbon Fiber Grows At The Fastest Rate
3.4 Glass Fiber Has The Largest Market Size
3.5 Most Companies Are Relied on New Product Development For Growth
3.6 3B Fiberglass-The Most Active Player

4 Market Overview (Page No. - 40)
4.1 Introduction
4.2 Specialty Synthetic Fibers
4.3 Glass Fiber
4.4 Value Chain Analysis
4.5 Burning Issues
4.5.1 Demand For Carbon Fiber Is Growing At Slower Pace Compared to Supply of Carbon Fiber
4.5.2 High Cost of Production of Carbon Fiber Limiting Its Usage to The Premium Products
4.5.3 Growing Chinese Dominance in The Global Glass Fiber Market
4.6 Market Dynamics
4.6.1 Drivers
4.6.1.1 Increasing Demand For Lightweight and Fuel Efficient Materials/Advanced Composites Materials From End-User Industry
4.6.1.2 Increasing Need For Greater Safety and Security
4.6.1.3 Increasing Usage of Advance Materials in Renewable Energy Market
4.6.1.4 Growing Demand From Transportation Industry
4.6.1.4.1 Aerospace Industry
4.6.1.4.2 Automotive Industry
4.6.1.4.3 Marine Industry
4.6.1.5 Growing Demand For Optical Fiber Cables and Electronics
4.6.2 Restraints
4.6.2.1 High Cost of Production
4.6.2.2 Slow Economic Recovery Limiting The Growth
4.6.2.3 Require Huge Investment in R&D
4.6.3 Opportunity
4.6.3.1 Increasing Scope in The Automotive Industry
4.6.3.2 Penetration Into New Application Market
4.7 Winning Imperatives
4.7.1 Cost Reduction Through New Production Process and Economy of Scale
4.7.2 Increasing Penetration Into The Emerging Markets
4.8 Porter's Five Forces Analysis
4.8.1 Threat of New Entrants
4.8.2 Threat of Substitutes
4.8.3 Suppliers' Power
4.8.4 Buyers' Power
4.8.5 Degree of Competition
4.9 Market Share Analysis, By Major Players
4.9.1 Aramids
4.9.1.1 Para Aramids
4.9.1.2 Meta Aramids
4.9.2 UHMW Polyethylene Fiber
4.9.3 Carbon Fiber
4.9.4 Partially Oxidized Polyacrylonitrile Fiber
4.9.5 Glass Fiber

5 Global Aramid Market (Page No. - 72)
5.1 Introduction
5.1.1 Higher Strength to Weight Ratio Combined With Heat Resistance
5.2 Global Aramid Market
5.2.1 Para Aramids & Meta Aramids
5.3 Para Aramids
5.3.1 Global Para Aramids Market By Geography
5.3.1.1 Para Aramids Market Estimates By Region
5.3.1.2 Asia-Pacific to Drive Para Aramid Market
5.3.2 North America
5.3.2.1 Superior Physical Properties of Aramids Driving Its Market Growth
5.3.3 Europe
5.3.3.1 Europe-One of The Major Markets For Para Aramid
5.3.4 Asia-Pacific
5.3.4.1 Growing Economies of Asia-Pacific Contribute in The Growth of Para Aramids
5.3.5 ROW
5.3.5.1 Increasing Awareness For Safety Application Drives Aramids Usage in The Personal Protective Equipment Market
5.3.6 Global Para Aramid Market, By Application
5.3.6.1 Market Analysis, By Application
5.3.6.2 Safety Applications to See Maximum Growth
5.3.7 Safety Application
5.3.7.1 Safety Conscious and Government Regulations Trigger The Demand For Protective Clothing