MTR: Glass Fiber
Market & Specialty Synthetic Fibers Market by Type (Para & Meta
Aramids, UHMW Polyethylene, Carbon Fiber, POA, Glass Fiber, and others),
Application and Region - Trends & Forecast to 2020
Summary
The global glass fiber market & specialty synthetic fibers
market is projected to reach about $14,240.53 million by 2020, with the large
share accounted by North America and Europe together. The global glass fiber
& specialty synthetic fiber market by value is projected to witness a CAGR
of about 6.46% between 2015 and 2020. The high growth is estimated to be in the
North America and Europe due to rising advancements in the end-industries such
as protective clothing, reinforcement materials, and ballistic protection in
the region. Europe is projected to account for the second-highest growth during
the same period.
The increase in demand for lightweight and fuel efficient materials or advanced composite materials, rising need for safety and security, and growing demand from the transportation industry is projected to increase the need for specialty synthetic fibers gradually. Protective equipment, safety applications, ballistic protection, and automotive industry have the largest application of specialty synthetic fibers and glass fibers. The commercial, marine, medical, sporting goods, wind energy, pressure vessel, and reinforcement materials industries are the other significant applications for glass fiber and specialty synthetic fiber market. Aramids, UHME polyethylene, and POA are the major types of specialty synthetic fibers.
Glass fiber is made from extremely fine fibers of glass. It is a lightweight, extremely strong, and robust material. Although strength properties are somewhat lower than carbon fiber and it is
The increase in demand for lightweight and fuel efficient materials or advanced composite materials, rising need for safety and security, and growing demand from the transportation industry is projected to increase the need for specialty synthetic fibers gradually. Protective equipment, safety applications, ballistic protection, and automotive industry have the largest application of specialty synthetic fibers and glass fibers. The commercial, marine, medical, sporting goods, wind energy, pressure vessel, and reinforcement materials industries are the other significant applications for glass fiber and specialty synthetic fiber market. Aramids, UHME polyethylene, and POA are the major types of specialty synthetic fibers.
Glass fiber is made from extremely fine fibers of glass. It is a lightweight, extremely strong, and robust material. Although strength properties are somewhat lower than carbon fiber and it is
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less stiff, the material is typically far less brittle, and the
raw materials are much less expensive. Its bulk strength and weight properties
are also very favorable when compared to metals, and it can be easily formed
using molding processes. Carbon fibers are very thin strands of carbon;
however, are super strong material that is extremely lightweight. Aramids are
synthetic fibers made from polymer aromatic polyamide are mainly of two types,
para aramid and meta aramid. North America is the major region in terms of
production and consumption of aramids. The market for aramids is projected to
register a significant growth in emerging economies of Asia-Pacific mainly due
to growing industrialization and infrastructure development.
The glass fiber & specialty synthetic fiber market is anticipated to register a high growth rate in the coming years. The market is innovation driven and investments are expected for new specialty synthetic fiber properties and completely new products. There are large numbers of different sized players in the market; however, it is dominated by few big companies.
Currently, the specialty synthetic fiber market is mainly concentrated in the North American and European regions while RoW, especially Latin America is expected to witness a high growth rate in future years.
AGY Holding Corp. (U.S.), 3B Fiberglass (Belgium), Cytec Industries Inc. (U.S.) is the important active players in the glass fiber and specialty synthetic fiber market. These companies registered the highest strategy adoptions amongst other players in the global glass fiber market and specialty synthetic fibers market between 2012 and 2015.
The glass fiber & specialty synthetic fiber market is anticipated to register a high growth rate in the coming years. The market is innovation driven and investments are expected for new specialty synthetic fiber properties and completely new products. There are large numbers of different sized players in the market; however, it is dominated by few big companies.
Currently, the specialty synthetic fiber market is mainly concentrated in the North American and European regions while RoW, especially Latin America is expected to witness a high growth rate in future years.
AGY Holding Corp. (U.S.), 3B Fiberglass (Belgium), Cytec Industries Inc. (U.S.) is the important active players in the glass fiber and specialty synthetic fiber market. These companies registered the highest strategy adoptions amongst other players in the global glass fiber market and specialty synthetic fibers market between 2012 and 2015.
Table of contents
1 INTRODUCTION 21
1.1 OBJECTIVES OF THE STUDY 21
1.2 MARKET DEFINITION 21
1.3 STUDY SCOPE 22
1.3.1 MARKETS COVERED 22
1.3.2 YEARS CONSIDERED FOR THE REPORT 22
1.4 CURRENCY 23
1.5 LIMITATIONS 23
1.6 STAKEHOLDERS 23
2 RESEARCH METHODOLOGY 24
2.1 RESEARCH DATA 24
2.1.1 SECONDARY DATA 25
2.1.1.1 Key data from secondary sources 26
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1.1 OBJECTIVES OF THE STUDY 21
1.2 MARKET DEFINITION 21
1.3 STUDY SCOPE 22
1.3.1 MARKETS COVERED 22
1.3.2 YEARS CONSIDERED FOR THE REPORT 22
1.4 CURRENCY 23
1.5 LIMITATIONS 23
1.6 STAKEHOLDERS 23
2 RESEARCH METHODOLOGY 24
2.1 RESEARCH DATA 24
2.1.1 SECONDARY DATA 25
2.1.1.1 Key data from secondary sources 26
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2.1.2 PRIMARY DATA 26
2.1.2.1 Key data from primary sources 27
2.1.2.2 Breakdown of Primaries 27
2.2 MARKET SIZE ESTIMATION 28
2.2.1.1 Bottom-up Approach 28
2.2.1.2 Top-down Approach 29
2.3 MARKET BREAKDOWN & DATA TRIANGULATION 29
2.4 RESEARCH ASSUMPTIONS AND LIMITATIONS 31
2.4.1 ASSUMPTIONS 31
2.4.2 LIMITATIONS 32
3 EXECUTIVE SUMMARY 33
4 PREMIUM INSIGHTS 36
4.1 SPECIALTY SYNTHETIC FIBERS MARKET EXPECTED TO REGISTER HIGH DEMAND BY 2020 36
4.2 BALLISTIC PROTECTION TO REGISTER FASTEST GROWTH ACROSS ALL THE APPLICATIONS (2015-2020) 37
4.3 AEROSPACE & DEFENSE PROJECTED TO BE THE FASTEST GROWING APPLICATION AFTER WIND ENERGY IN GLASS FIBER MARKET (2015-2020) 38
4.4 PARA-ARAMID FIBER MARKET EXPECTED TO REGISTER HIGH MARKET IN GERMANY AFTER THE U.S.(2015-2020) 39
4.5 ASIA-PACIFIC COUNTRIES ARE EXPECTED TO DRIVE THE MARKET FOR PARTIALLY OXIDIZED PAN (2015-2020) 40
4.6 META-ARAMID FIBERS HAVE HIGHEST APPLICATION IN SAFETY APPLICATION ACROSS ALL REGIONS (2015) 41
4.7 ASIA-PACIFIC COUNTRIES ARE EXPECTED TO REGISTER GROWTH IN THE SPECIALTY SYNTHETIC FIBERS MARKET (2015-2020) 42
4.8 REST OF EUROPE EXPECTED TO REGSITER HIGH CAGR IN THE META-ARAMID MARKET(2015-2020) 43
5 MARKET OVERVIEW 44
5.1 INTRODUCTION 45
5.1.1 SPECIALTY SYNTHETIC FIBERS 46
5.2 MARKET SEGMENTATION 47
5.2.1 BY TYPE 47
5.2.2 BY APPLICATION 47
5.2.3 BY REGION 48
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2.1.2.1 Key data from primary sources 27
2.1.2.2 Breakdown of Primaries 27
2.2 MARKET SIZE ESTIMATION 28
2.2.1.1 Bottom-up Approach 28
2.2.1.2 Top-down Approach 29
2.3 MARKET BREAKDOWN & DATA TRIANGULATION 29
2.4 RESEARCH ASSUMPTIONS AND LIMITATIONS 31
2.4.1 ASSUMPTIONS 31
2.4.2 LIMITATIONS 32
3 EXECUTIVE SUMMARY 33
4 PREMIUM INSIGHTS 36
4.1 SPECIALTY SYNTHETIC FIBERS MARKET EXPECTED TO REGISTER HIGH DEMAND BY 2020 36
4.2 BALLISTIC PROTECTION TO REGISTER FASTEST GROWTH ACROSS ALL THE APPLICATIONS (2015-2020) 37
4.3 AEROSPACE & DEFENSE PROJECTED TO BE THE FASTEST GROWING APPLICATION AFTER WIND ENERGY IN GLASS FIBER MARKET (2015-2020) 38
4.4 PARA-ARAMID FIBER MARKET EXPECTED TO REGISTER HIGH MARKET IN GERMANY AFTER THE U.S.(2015-2020) 39
4.5 ASIA-PACIFIC COUNTRIES ARE EXPECTED TO DRIVE THE MARKET FOR PARTIALLY OXIDIZED PAN (2015-2020) 40
4.6 META-ARAMID FIBERS HAVE HIGHEST APPLICATION IN SAFETY APPLICATION ACROSS ALL REGIONS (2015) 41
4.7 ASIA-PACIFIC COUNTRIES ARE EXPECTED TO REGISTER GROWTH IN THE SPECIALTY SYNTHETIC FIBERS MARKET (2015-2020) 42
4.8 REST OF EUROPE EXPECTED TO REGSITER HIGH CAGR IN THE META-ARAMID MARKET(2015-2020) 43
5 MARKET OVERVIEW 44
5.1 INTRODUCTION 45
5.1.1 SPECIALTY SYNTHETIC FIBERS 46
5.2 MARKET SEGMENTATION 47
5.2.1 BY TYPE 47
5.2.2 BY APPLICATION 47
5.2.3 BY REGION 48
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5.3 MARKET DYNAMICS 48
5.3.1 DRIVERS 49
5.3.1.1 Increasing demand for lightweight and fuel efficient materials or advanced composite materials from the end-user industry 49
5.3.1.2 Increasing usage of advanced materials in renewable energy market 50
5.3.1.3 Emerging demand from the transportation industry 50
5.3.1.3.1 Automotive Industry 50
5.3.1.3.2 Aerospace Industry 50
5.3.1.3.3 Marine Industry 51
5.3.1.4 Increasing demand for optical fiber cables and electronics 51
5.3.2 RESTRAINTS 52
5.3.2.1 High operating costs 52
5.3.2.2 Lack of required R&D investments 52
5.3.3 OPPORTUNITIES 52
5.3.3.1 Increasing scope in the automotive industry 52
5.3.3.2 Increasing penetration in new application market 53
5.3.4 CHALLENGES 53
5.3.4.1 Cost reduction through new production process and economy of scale 53
5.3.4.2 High-cost of production of carbon fiber limiting its usage to premium products 54
6 INDUSTRY TRENDS 55
6.1 INTRODUCTION 55
6.2 VALUE CHAIN ANALYSIS 55
6.3 PORTER’S FIVE FORCES ANALYSIS 57
6.3.1 BARGAINING POWER OF SUPPLIERS 57
6.3.2 BARGAINING POWER OF BUYERS 58
6.3.3 THREAT OF SUBSTITUTES 58
6.3.4 THREAT OF NEW ENTRANTS 58
6.3.5 INTENSITY OF RIVALRY 59
7 SPECIALTY SYNTHETIC FIBERS & GLASS FIBER MARKET, BY TYPE 60
7.1 INTRODUCTION 61
7.2 GLOBAL ARAMID MARKET 63
7.2.1 META-ARAMID & PARA-ARAMID 63
7.3 PARA-ARAMID 64
7.4 META-ARAMID 66
5.3.1 DRIVERS 49
5.3.1.1 Increasing demand for lightweight and fuel efficient materials or advanced composite materials from the end-user industry 49
5.3.1.2 Increasing usage of advanced materials in renewable energy market 50
5.3.1.3 Emerging demand from the transportation industry 50
5.3.1.3.1 Automotive Industry 50
5.3.1.3.2 Aerospace Industry 50
5.3.1.3.3 Marine Industry 51
5.3.1.4 Increasing demand for optical fiber cables and electronics 51
5.3.2 RESTRAINTS 52
5.3.2.1 High operating costs 52
5.3.2.2 Lack of required R&D investments 52
5.3.3 OPPORTUNITIES 52
5.3.3.1 Increasing scope in the automotive industry 52
5.3.3.2 Increasing penetration in new application market 53
5.3.4 CHALLENGES 53
5.3.4.1 Cost reduction through new production process and economy of scale 53
5.3.4.2 High-cost of production of carbon fiber limiting its usage to premium products 54
6 INDUSTRY TRENDS 55
6.1 INTRODUCTION 55
6.2 VALUE CHAIN ANALYSIS 55
6.3 PORTER’S FIVE FORCES ANALYSIS 57
6.3.1 BARGAINING POWER OF SUPPLIERS 57
6.3.2 BARGAINING POWER OF BUYERS 58
6.3.3 THREAT OF SUBSTITUTES 58
6.3.4 THREAT OF NEW ENTRANTS 58
6.3.5 INTENSITY OF RIVALRY 59
7 SPECIALTY SYNTHETIC FIBERS & GLASS FIBER MARKET, BY TYPE 60
7.1 INTRODUCTION 61
7.2 GLOBAL ARAMID MARKET 63
7.2.1 META-ARAMID & PARA-ARAMID 63
7.3 PARA-ARAMID 64
7.4 META-ARAMID 66
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7.5 UHMWPE 68
7.6 PARTIALLY OXIDIZED PAN (POA) 69
7.7 CARBON FIBER 71
7.8 GLASS FIBER 72
8 SPECIALTY SYNTHETIC FIBER & GLASS FIBER MARKET, BY APPLICATION 74
8.1 INTRODUCTION 75
8.2 GLOBAL PARA-ARAMID MARKET, BY APPLICATION 75
8.3 PARA-ARAMID: SAFETY APPLICATION 77
8.4 PARA-ARAMID: FRICTION MATERIALS 78
8.5 PARA-ARAMID: OPTICAL FIBERS 79
8.6 PARA-ARAMID: TIRE REINFORCEMENT 80
8.7 PARA-ARAMID: RUBBER REINFORCEMENT 81
8.8 PARA-ARAMID: OTHERS 82
8.9 META-ARAMID MARKET, BY APPLICATION 83
8.10 META-ARAMID: SAFETY APPLICATION 84
8.11 META-ARAMID: FILTRATION BAGS 85
8.12 META-ARAMID: OTHERS 86
8.13 UHMWPE MARKET, BY APPLICATION 87
8.14 UHMWPE: BALLISTIC PROTECTION 89
8.15 UHMWPE: COMMERCIAL MARINE 90
8.16 UHMWPE: MEDICAL 91
8.17 UHMWPE: SPORTING GOODS 92
8.18 UHMWPE: INDUSTRIAL/AUTO/CONSTRUCTION/OTHERS 93
8.19 PARTIALLY OXIDIZED POLYACRYLONITRILE (POA) MARKET, BY APPLICATION 94
8.20 POA: BRAKE & FRICTION MATERIAL 95
8.21 POA: FLAME RESISTANT APPLICATION 96
8.22 POA: OTHER APPLICATIONS 97
8.23 GLOBAL CARBON FIBER MARKET, BY APPLICATION 98
8.24 AEROSPACE & DEFENSE 100
8.25 AUTOMOTIVE 101
8.26 PRESSURE VESSELS 102
8.27 WIND ENERGY 103
8.28 SPORTING GOODS 104
8.29 OTHER 105
7.6 PARTIALLY OXIDIZED PAN (POA) 69
7.7 CARBON FIBER 71
7.8 GLASS FIBER 72
8 SPECIALTY SYNTHETIC FIBER & GLASS FIBER MARKET, BY APPLICATION 74
8.1 INTRODUCTION 75
8.2 GLOBAL PARA-ARAMID MARKET, BY APPLICATION 75
8.3 PARA-ARAMID: SAFETY APPLICATION 77
8.4 PARA-ARAMID: FRICTION MATERIALS 78
8.5 PARA-ARAMID: OPTICAL FIBERS 79
8.6 PARA-ARAMID: TIRE REINFORCEMENT 80
8.7 PARA-ARAMID: RUBBER REINFORCEMENT 81
8.8 PARA-ARAMID: OTHERS 82
8.9 META-ARAMID MARKET, BY APPLICATION 83
8.10 META-ARAMID: SAFETY APPLICATION 84
8.11 META-ARAMID: FILTRATION BAGS 85
8.12 META-ARAMID: OTHERS 86
8.13 UHMWPE MARKET, BY APPLICATION 87
8.14 UHMWPE: BALLISTIC PROTECTION 89
8.15 UHMWPE: COMMERCIAL MARINE 90
8.16 UHMWPE: MEDICAL 91
8.17 UHMWPE: SPORTING GOODS 92
8.18 UHMWPE: INDUSTRIAL/AUTO/CONSTRUCTION/OTHERS 93
8.19 PARTIALLY OXIDIZED POLYACRYLONITRILE (POA) MARKET, BY APPLICATION 94
8.20 POA: BRAKE & FRICTION MATERIAL 95
8.21 POA: FLAME RESISTANT APPLICATION 96
8.22 POA: OTHER APPLICATIONS 97
8.23 GLOBAL CARBON FIBER MARKET, BY APPLICATION 98
8.24 AEROSPACE & DEFENSE 100
8.25 AUTOMOTIVE 101
8.26 PRESSURE VESSELS 102
8.27 WIND ENERGY 103
8.28 SPORTING GOODS 104
8.29 OTHER 105
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8.30 GLASS FIBER 106
8.30.1 GLASS FIBER: TRANSPORTATION APPLICATION 107
8.30.2 GLASS FIBER: CONSTRUCTION APPLICATION 108
8.30.3 GLASS FIBER: AEROSPACE & DEFENSE APPLICATION 109
8.30.4 GLASS FIBER: ELECTRONICS APPLICATION 110
8.30.5 GLASS FIBER: WIND ENERGY APPLICATION 111
8.30.6 GLASS FIBER: INDUSTRIAL & OTHERS APPLICATION 112
9 REGIONAL ANALYSIS 114
9.1 INTRODUCTION 115
9.2 NORTH AMERICA 119
9.2.1 U.S. 130
9.2.2 CANADA 134
9.2.3 MEXICO 139
9.3 EUROPE 143
9.3.1 GERMANY 153
9.3.2 FRANCE 157
9.3.3 ITALY 162
9.3.4 REST OF EUROPE 167
9.4 ASIA-PACIFIC 172
9.4.1 CHINA 181
9.4.2 JAPAN 186
9.4.3 INDIA 191
9.4.4 REST OF APAC 196
9.5 ROW 201
10 COMPETITIVE LANDSCAPE 208
10.1 OVERVIEW 208
10.2 COMPETITIVE SITUATION AND TRENDS 209
10.3 COMPETITIVE SITUATION & TRENDS 210
10.4 NEW PRODUCT LAUNCHES 211
10.5 EXPANSIONS & INVESTMENTS 214
10.6 MERGERS & ACQUISITIONS 217
10.7 PARTNERSHIPS/AGREEMENTS & COLLABORATIONS 219
10.8 OTHERS & SUPPLY CONTRACTS 221
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8.30.1 GLASS FIBER: TRANSPORTATION APPLICATION 107
8.30.2 GLASS FIBER: CONSTRUCTION APPLICATION 108
8.30.3 GLASS FIBER: AEROSPACE & DEFENSE APPLICATION 109
8.30.4 GLASS FIBER: ELECTRONICS APPLICATION 110
8.30.5 GLASS FIBER: WIND ENERGY APPLICATION 111
8.30.6 GLASS FIBER: INDUSTRIAL & OTHERS APPLICATION 112
9 REGIONAL ANALYSIS 114
9.1 INTRODUCTION 115
9.2 NORTH AMERICA 119
9.2.1 U.S. 130
9.2.2 CANADA 134
9.2.3 MEXICO 139
9.3 EUROPE 143
9.3.1 GERMANY 153
9.3.2 FRANCE 157
9.3.3 ITALY 162
9.3.4 REST OF EUROPE 167
9.4 ASIA-PACIFIC 172
9.4.1 CHINA 181
9.4.2 JAPAN 186
9.4.3 INDIA 191
9.4.4 REST OF APAC 196
9.5 ROW 201
10 COMPETITIVE LANDSCAPE 208
10.1 OVERVIEW 208
10.2 COMPETITIVE SITUATION AND TRENDS 209
10.3 COMPETITIVE SITUATION & TRENDS 210
10.4 NEW PRODUCT LAUNCHES 211
10.5 EXPANSIONS & INVESTMENTS 214
10.6 MERGERS & ACQUISITIONS 217
10.7 PARTNERSHIPS/AGREEMENTS & COLLABORATIONS 219
10.8 OTHERS & SUPPLY CONTRACTS 221
?
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11 COMPANY PROFILES 223
(Overview, Financial*, Products & Services, Strategy, and Developments)
11.1 INTRODUCTION 223
11.2 HONEYWELL INTERNATIONAL INC. 224
11.3 E. I. DU PONT DE NEMOURS AND COMPANY 227
11.4 TORAY INDUSTRIES INC. 230
11.5 ROYAL DSM 233
11.6 TEIJIN LIMITED 236
11.7 MITSUBISHI RAYON CO., LTD 239
11.8 OWENS CORNING 242
11.9 TOYOBO CO. LTD 248
11.10 CYTEC INDUSTRIES INC. 250
11.11 HEXCEL CORPORATION 252
11.12 AGY HOLDING CORP 254
11.13 ZOLTEK COMPANIES INC. 256
11.14 3B FIBERGLASS 258
11.15 JUSHI GROUP CO., LTD 260
11.16 TOHO TENAX 261
*Details might not be captured in case of unlisted companies
12 APPENDIX 263
12.1 KEY EXPERT INSIGHTS 263
12.2 DISCUSSION GUIDE 264
12.3 INTRODUCING RT: REAL TIME MARKET INTELLIGENCE 268
12.4 AVAILABLE CUSTOMIZATIONS 269
12.5 RELATED REPORTS 270
(Overview, Financial*, Products & Services, Strategy, and Developments)
11.1 INTRODUCTION 223
11.2 HONEYWELL INTERNATIONAL INC. 224
11.3 E. I. DU PONT DE NEMOURS AND COMPANY 227
11.4 TORAY INDUSTRIES INC. 230
11.5 ROYAL DSM 233
11.6 TEIJIN LIMITED 236
11.7 MITSUBISHI RAYON CO., LTD 239
11.8 OWENS CORNING 242
11.9 TOYOBO CO. LTD 248
11.10 CYTEC INDUSTRIES INC. 250
11.11 HEXCEL CORPORATION 252
11.12 AGY HOLDING CORP 254
11.13 ZOLTEK COMPANIES INC. 256
11.14 3B FIBERGLASS 258
11.15 JUSHI GROUP CO., LTD 260
11.16 TOHO TENAX 261
*Details might not be captured in case of unlisted companies
12 APPENDIX 263
12.1 KEY EXPERT INSIGHTS 263
12.2 DISCUSSION GUIDE 264
12.3 INTRODUCING RT: REAL TIME MARKET INTELLIGENCE 268
12.4 AVAILABLE CUSTOMIZATIONS 269
12.5 RELATED REPORTS 270
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