Data Bridge Market Research analyses that the glass and specialty synthetic fiber market is expected to undergo a CAGR of 6.43% during the forecast period. This indicates that the market value, which was USD 74.65 billion in 2021, would rocket up to USD 122.90 billion by 2029
The growing demand for high-strength composite and lightweight materials are expected to drive the growth of the glass and specialized synthetic fibers significantly. Glass fibers with high strength-to-weight ratios are anticipated to drive the market demand throughout the forecast period of 2022-2029. The “glass fiber” is the fastest growing type segment due to their cost effective nature and exceptional mechanical and physical features such as strength, stability and lightweight over the forecast period. Moreover, consumer-friendly properties of the material such as waterproofing are expected to drive the the growth of the glass fibers and specialty fibers market. Glass fibers and specialty synthetic fibers are projected to outperform traditional materials in terms of mechanical properties throughout the forecast period.
Glass fibre is a different type of synthetic fibre, also known as fibre glass. It is a material which consist of various fine fibres of glass. The versatility of this glass as a fibre makes it different material for several industries. Glass and specialty synthetic fiber are widely used as reinforcement for plastics materials to upsurge the tensile strength, impact resistance, dimensional stability, heat, flex modulus, creep resistance and chemical resistance.
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Scope of the Glass and Specialty Synthetic Fiber Market Report:
The glass and specialty synthetic fiber market is segmented on the basis of type, application and end-use industry. The growth amongst these segments will help you analyze meagre growth segments in the industries and provide the users with a valuable market overview and market insights to help them make strategic decisions for identifying core market applications.
Type
- Glass Fiber
- Specialty Synthetic Fibers
- Uhmwpe Fiber
- PPS Fiber
- Others
Application
End-Use Industry
- Aerospace and Defence
- Wind Energy
- Automotive and Transportation
- Construction and Infrastructure
- Marine
- Pipes and Tanks
- Electrical and Electronics
- Protective Clothing
- Others
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Some of the major players operating in the glass and specialty synthetic fiber market are:
- Owens Corning (U.S.)
- Honeywell International Inc, (U.S.)
- SOLVAY (Belgium)
- Hexcel Corporation (U.S.)
- Toray Advanced Composites (Netherlands)
- Mitsubishi Chemical Corporation. (Japan)
- DSM (Netherlands)
- Huntsman International LLC. (U.S.)
- Toyobo Co. Ltd. (Japan)
- BASF SE (Germany)
- Jushi Group Co., Ltd (China)
- SGL Carbon (Germany)
- Arkema (France)
- Asahi Kasei Corporation (Japan)
- Advantix. (U.S.)
- INVISTA (U.S.)
- Toray Industries, Inc. (Japan)
- Ascend Performance Materials LLC (U.S.)
- Goodfellow (India),
Glass and Specialty Synthetic Fiber Market Regional Analysis/Insights
The Glass and Specialty Synthetic Fiber market is analyzed and market size insights and trends are provided by country, material type, end user and application as referenced above.
The countries covered in the Glass and Specialty Synthetic Fiber market report are U.S., Canada and Mexico in North America, Germany, France, U.K., Netherlands, Switzerland, Belgium, Russia, Italy, Spain, Turkey, Rest of Europe in Europe, China, Japan, India, South Korea, Singapore, Malaysia, Australia, Thailand, Indonesia, Philippines, Rest of Asia-Pacific (APAC) in the Asia-Pacific (APAC), Saudi Arabia, U.A.E, Israel, Egypt, South Africa, Rest of Middle East and Africa (MEA) as a part of Middle East and Africa (MEA), Brazil, Argentina and Rest of South America as part of South America.
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