Global Specialty Synthetic Fiber Market: Overview
In 2016, the global specialty synthetic fiber market continued to grow as players in the market not only launched newer products and offered innovation, but also players have strived hard to expand their distribution networks, thus making the market competitive and attracting consumers on a wider scale. Support from government has also played a vital role in shaping the global specialty synthetic fiber market. The need to achieve fuel economy and curb environmental pollution has earned the support of the government and is encouraging the use of specialty synthetic fibers. These fibers help in achieving improved performance and reduce maintenance cost. Thus, specialty synthetic fibers such as carbon fiber, UHMW polyethylene, and glass fiber are used extensively for industrial applications, boosting the market.
The report is a qualitative analysis of key trends in the industry, analyzing future developments in the specialty synthetic fiber market for major regions such as Europe,
Asia Pacific, North America, and the Rest of the World. It includes industry data such as bargaining power, production data, import, export, potential buyers, cost structure, and profitability. The market attractive analysis is provided, which measures the performance of the industry in adverse economic situations and also in stable conditions. The degree of competition is analyzed along with the level of threat to be expected from new entrants. The level of threat of substitutes is also covered in the report. Additionally, the barriers faced by new players in the market are analyzed and the feasibility study is given.
Global Specialty Synthetic Fiber Market: Drivers and Trends
The trend of light weight vehicles is catching up across regions and this is boosting the global market for specialty synthetic fiber market. Light weight vehicles reduce carbon dioxide emissions and thus help in bringing about clean and green environment, subsequently appealing to consumers and manufacturers. Government regulations supporting the reduction of emission are also encouraging the adoption of specialty synthetic fibers. The aerospace, marine, and automotive industries are thus, significant consumers of specialty synthetic fibers. In addition to this, the need for high strength materials is also fueling the demand for specialty synthetic fiber.
There are few factors that are obstructing the growth of the global specialty synthetic fiber market. Most of the specialty synthetic fibers are not bio-degradable. This may hamper the demand for specialty synthetic fibers as the awareness regarding environmental protection and conservation is on a rise across all regions. The market may thus, suffer a severe blow. On a positive note however, the extensive on-going research and development, exploring the application of specialty synthetic fibers in horticulture, ligament tissue engineering, aerospace, and automobile industry are anticipated to open new doors of opportunity for this market between 2016 and 2024.
Global Specialty Synthetic Fiber Market: Segmentation
By end use industry, the market is segmented into transportation, aerospace, marine, electronic, and automotive. The superior mechanical properties, enhanced durability and thermal stability, and high resistance to stain are expected to boost their adoption across industries such as electronics and automotives. The high use of specialty synthetic fiber for ballistic equipment will also fuel the market’s growth. By geography, Asia Pacific is expected to emerge as key market in the specialty synthetic fiber market on account of the numerous manufacturing industries present in the region.
Key players mentioned in the report are:
Some of the prominent players participating in the global specialty synthetic fiber market profiled in the report of this market are: Toho Tenax, DuPont, Honeywell International Inc., and Royal DSM among others. The report investigates the strategies adopted by these players for business expansion and geographical expansion. It studies the various partnerships, mergers, collaborations, and acquisition activities, and the outcome of these. Additionally, recent developments by players have been included in the report. Thus, the report gives all the important data pertaining to top players, thus equipping investors, both new entrants and those established, to make smart and profitable business moves.
The report segments the global specialty synthetic fiber market as:
- North America
- Asia Pacific
- Rest of the World
This report gives you access to decisive data such as:
- Market growth drivers
- Factors limiting market growth
- Current market trends
- Market structure
- Market projections for the coming years
Key highlights of this report
- Overview of key market forces propelling and restraining market growth
- Up-to-date analyses of market trends and technological improvements
- Pin-point analyses of market competition dynamics to offer you a competitive edge
- An analysis of strategies of major competitors
- An array of graphics and SWOT analysis of major industry segments
- Detailed analyses of industry trends
- A well-defined technological growth map with an impact-analysis
- Offers a clear understanding of the competitive landscape and key product segments