Glass & Speciality Synthetic Fiber, 2024-2030

The glass & specialty synthetic fiber offer exceptional properties, such as stiffness, strength, tenacity, density, and thermal & electrical conductivity, fatigue, and corrosion resistance. There are different types of fiber available such as, glass, carbon, aramid, UHMWPE, PPS .The glass fiber is used in different end-use industry such as construction, wind, pipe & tanks, marine, and transportation. Carbon fibers are considered to the significant replacement material for steel, especially in the automotive & transportation and aerospace & defense industries. Most of the auto components are replacing metals with carbon fibers to reduce the weight of automobiles by at least 60%. Due to drop in weight the fuel consumption which reduce by 30% and also contribute to the reduction of greenhouse gases and other emissions by around 20%.

The global glass & specialty synthetic fiber market research report sheds light on the market circumstances by carrying out primary and secondary research for more than 320 hours. As per the report, the global glass & specialty synthetic fiber market is growing at a fast pace and increasing its geographical footprint rapidly. The global glass & specialty synthetic fiber market is valued at US $ xxx million dollars in 2019 which is forecast to grow at CAGR of xx% and reach a massive US $ xxx million dollars by the end of 2024 in value.

The growth is comparatively higher in Asia Pacific region due to rise in end use application in transportation, construction, marine, aerospace and automotive industry. The major growth driver for global glass & specialty synthetic fiber market are consumer friendly qualities and properties of the material such as stain resistance, water proofing and stretching.

High production cost on account of high raw material expenditures is a major impediment to the expansion of global glass & specialty synthetic fiber market.

Glass & specialty synthetic fiber enjoy wide usage across all major regions in the world including Europe, APAC, North America, Middle East, Africa, and Latin America. These regions serve large number of manufacturers and supplier and are hence responsible for the growth of glass & specialty synthetic fiber market globally. The companies that lead global market are DuPont, Teijin Limited, Jushi Group, Toray Industries Inc. and Owens Corning.

Research Methodology

The research process includes the market segmentation of the global glass & specialty synthetic fiber market, identifying the growth determinants of every market segment and market forecasts. All the market forecasts are done in accordance with the inputs taken from the global glass & specialty synthetic fiber market industry experts from across the global industry. Market Krystal conducts more than 40 interview hours dedicated for this study, the same are mentioned below:

By company type:

Manufacturers (35%), Suppliers (25%), Consumers (20%), Researchers (10%), Independent industry consultant (10%)

By geography:

North America (40%), Asia (35%), Europe (25%)

By designation:

Top level (40%), Operation level (20%), Mid-level (40%)

Contents of the report:

• Insights on the global glass & specialty synthetic fiber industry dynamics
• Estimation of the present global glass & specialty synthetic fiber market size in terms of value and volume
• Global glass & specialty synthetic fiber market breakup based on type and application
• Substantiated global glass & specialty synthetic fiber market forecast for the next five years.
• In depth analysis of the leading companies working across different nodes of global glass & specialty synthetic fiber industry value chain.