Glass & Specialty Synthetic Fiber Market Growth, Opportunities Business Scenario, Share, Scope, Key Segments and Forecast

Glass & Specialty Synthetic Fiber Market Growth, Opportunities Business Scenario, Share, Scope, Key Segments and Forecast
Browse 133 market data Tables and 45 Figures spread through 187 Pages and in-depth TOC on “Glass & Specialty Synthetic Fiber Market”
Glass & Specialty Synthetic Fiber Market by Fiber Type (Glass, Carbon, Aramid, UHMWPE, PPS), Application (Composite, Non-Composite), End-Use Industry, and Region (North America, Europe, APAC,MEA, Latin America) – Global Forecast to 2024

Glass & specialty synthetic fibers are used for composite and non-composite applications in a variety of end-use industries, including aerospace & defense, transportation, wind energy, marine, pipe & tank, construction & infrastructure, protective clothing, and electrical & electronics. The glass fiber & specialty synthetic fiber market is growing at a rapid pace. The global glass & specialty synthetic fibers market was USD 65.9 billion in 2019 and is projected to reach USD 91.4 billion by 2024, growing at a CAGR of 6.8% between 2019 and 2024.

Download PDF Brochure: 

Over the past years, companies have strengthened their position in the global composites market by adopting strategies such as expansions, partnership, agreement, new product/technology launch, joint venture, contract, and merger & acquisition. From 2014 to 2019, expansion and merger & acquisition were the key strategies adopted by the market players to maintain growth in the global composites market. For instance, Honeywell International, Inc. increased the production capacity of its Spectra fiber PE in November 2019 to meet the demands of the defense industry for high-performing and lightweight armors. This helped the company to solidify its position as a leading provider of solutions for the defense industry.

The major manufacturers profiled in this report include Owens Corning (US), Toray Industries, Inc. (Japan), Teijin Limited (Japan), Mitsubishi Chemical Holdings Corporation (Japan), Hexcel Corporation (US), SGL Group (Germany), Nippon Electrical Glass Co. Ltd. (Japan), DSM (Netherland), Honeywell International, Inc. (US), Jushi Group Co., Ltd. (China), among others. These companies have adopted various organic and inorganic growth strategies. For instance, in July 2019, Owens Corning (US) announced the signing of a definitive agreement where it will acquire Saint-Gobain’s Reinforcement and Composites business for USD 640 million. This would build Owen’s Corning’s position as a market leader in the glass fiber market.   

Inquiry Before Buying:  

Owens Corning (US), Jushi (China), CPIC (China), Toray Industries, Inc. (Japan), Teijin Limited (Japan), and Mitsubishi Chemical Holdings Corporation (Japan) are the major players in the composites market. These companies are the most significant contributor to the growth of the glass & specialty synthetic fiber industry. These companies are specialized in manufacturing glass & specialty synthetic fibers having sustainable properties. For instance, Owens Corning (US) specializes in manufacturing composite materials namely glass fibers, for the composites industry globally. Similarly, Toray Industries, Inc. (Japan) specializes in manufacturing carbon fibers globally. These companies have vast global presence. These companies are among the key players present in the global composites market.    

Read Our Trending Press Release Below:

Aerospace Foam Market

Weathering Steel Market

About MarketsandMarkets™

MarketsandMarkets™ has been recognized as one of America’s best management consulting firms by Forbes, as per their recent report.

MarketsandMarkets™ is a blue ocean alternative in growth consulting and program management, leveraging a man-machine offering to drive supernormal growth for progressive organizations in the B2B space. We have the widest lens on emerging technologies, making us proficient in co-creating supernormal growth for clients.

Earlier this year, we made a formal transformation into one of America’s best management consulting firms as per a survey conducted by Forbes.

The B2B economy is witnessing the emergence of $25 trillion of new revenue streams that are substituting existing revenue streams in this decade alone. We work with clients on growth programs, helping them monetize this $25 trillion opportunity through our service lines – TAM Expansion, Go-to-Market (GTM) Strategy to Execution, Market Share Gain, Account Enablement, and Thought Leadership Marketing.

Built on the ‘GIVE Growth’ principle, we work with several Forbes Global 2000 B2B companies – helping them stay relevant in a disruptive ecosystem. Our insights and strategies are molded by our industry experts, cutting-edge AI-powered Market Intelligence Cloud, and years of research. The KnowledgeStore™ (our Market Intelligence Cloud) integrates our research, facilitates an analysis of interconnections through a set of applications, helping clients look at the entire ecosystem and understand the revenue shifts happening in their industry.

Media Contact
Company Name: MarketsandMarkets™ Research Private Ltd.
Contact Person: Mr. Aashish Mehra
Email: Send Email
Phone: 18886006441
Address:630 Dundee Road Suite 430
City: Northbrook
State: IL 60062
Country: United States