Specialty Fibers Market Forecasts to 2028 – Global Analysis By Type (Partially Oxidized Polyacrylonitrile Fibers, Polybenzimidazole (Pbi) Fibers, Carbon Fibers, Aramid Fibers), Application (Reinforcement Materials, Aerospace), and By Geography
According to Stratistics MRC, the Global Specialty Fibers Market is accounted for 5.05 million tons in 2022 and is expected to reach 7.41 million tons by 2028 growing at a CAGR of 6.6% during the forecast period. Specialty fibers can be defined as those fibers that do NOT comply with single-mode and multimode communication fiber standards. Specialty fibers are optimized for applications other than signal transmission, such as amplifiers, sensors, lasers, filters, ring resonators, etc. To serve such varied applications, there are hundreds of different specialty fiber types, with many variations in glass composition, core and cladding structures, geometric properties, coatings, and specially tailored optical performance characteristics.
The core Segment Fibers accounted for 90.1 per cent of consolidated sales. The smaller Segment Plastics Products generated 7.6 per cent, the Segment Engineering 2.2 per cent and others accounted for 0.1 per cent (based on external sales). Asia Pacific Rayon (APR) announced its plans to increase its production capacity to 600,000 metric ton to meet the strong growth potential of viscose staple fiber and strengthen its market position in Indonesia and export markets across the region. The additional capacity will be achieved through improved optimization and efficiencies and by adding a 300,000-metric-ton viscose production facility in Pangkalan Kerinci, where the company is co-located with the sister company and fiber supplier APRIL Group.
Market Dynamics:
Driver:
Increasing Adoption of Sustainable Products
Textile producers and distributors are increasingly grateful to transport textiles that are sustainably manufactured and free of harmful chemicals due to stress from governments, non-governmental agencies. Huge brands and merchants are requesting that their suppliers verify the items long-term sustainability. For such purposes, restricted substance lists (RSLs) are created, which banned chemicals and their greatest values.
Restraint:
Fluctuations in Raw Material Prices
The costs of raw materials and energy utilized in the production of fabrics are highly fluctuating. These resources prices have a direct impact on the value chain units that include procurement and functioning prices. Manufacturer’s profit limitations are affected by unexpected fluctuations. The final price is prejudiced by raw material prices and accessibility.
Opportunity:
High strength
CFRP (Carbon fiber reinforced polymers) composites, in spite of their light weight, advanced strength and greater resistance per unit weight of CFRP composite than glass fiber composites.
Threat:
Conductivity
Carbon fibers are particularly conductive, while glass fibers are insulated. Many products use fiber glass as an alternative of carbon fiber or metal because they need strict filling. In the creation of utilities, several commodities involve the use of fiber glass.
Covid-19 Impact
The textile sector has impacted in numerous countries since the global lockdown imposed during the COVID-19 pandemic. The supply chains, logistic procedures, and workforce accessibility have decreased, causing the polyarylate market operations to be moderately affected. During the COVID-19, the fiber market qualified a sharp decline, both in capacity and in quantity. This is due to the strong closures that have been placed in different parts of the world, which has led to disruption of the supply chain and production performance. In addition, declining production at end-of-life industries, such as automotive, and passenger car sales also had an impact on the market for synthetic fiber by 2021.
The Polybenzimidazole (PBI) fibers segment is expected to be the largest during the forecast period
The Polybenzimidazole (PBI) fibers segment is expected to record the highest share during the forecast period and due to better-quality properties obtainable by the product, such as high glass changeover temperature, negative melting point, and enormously high heat deflection temperature. PBI fibers are discovering applications in numerous products including heat and safety garments. PBI fibers are widely used for several applications with other high-performance fibers like Kevlar. They are used in plastic reinforcements, for chemical and heat opposing filters, and as well for some civil engineering applications.
The aerospace segment is expected to have the highest CAGR during the forecast period
The aerospace segment led the market and expected to record a stable CAGR during the forecast period. As the industry is shifting in the direction of lightweight materials in a challenge to get better with cost-efficiency, this segment is having the major growth. Hence, high-strength, lightweight, and fiber-reinforced composite materials are very important to the aircraft manufacturing industry. Lightweight materials and structures provide an essential advantage in aerospace applications since it offers high strength and hardness at a condensed weight, considerably reducing the fuel consumption.
Region with highest share:
The region of Asia Pacific led the market and expected to grow at a highest share over the forecast period due to the rise in demand for fiber-reinforced composite materials in the automotive, electronics, as well as construction sectors. As well, the manufactured goods development, accessibility of raw materials at reasonable prices, and setting up of manufacturing facilities by market leaders are anticipated to drive the market.
Region with highest CAGR:
Asia Pacific region is expected to exhibit higher CAGR during the forecast period, owing to improved technological advancements owing to their large scale adoption in IT & telecommunication, administrative sector and increase in growth of general economy. Governments of developed countries are seriously investing to improve their security infrastructures on individual and country levels. The Asia-Pacific region is one of the prime markets for elevated performance fibers. This region is a major consumer of high performance fibers, to meet this growing demand for high performance fibers from different countries of the Asia-Pacific region.
Key players in the market
Some of the key players profiled in the Global Specialty Fibers Market Dupont, 3M Company, Nv Bekaert Sa, Sgl Group, Dsm N.V., Teijin, Evonik Fibres Gm, Huvis, KOLON Industries, Shenma Industrial, Yantai Tayho Advanced materials, Kamenskvolokno JSC, Umeco Plc.
Key Developments
In March 2021, Teijin Frontier Co. Ltd. has merged with its subsidiary, Teijin Modern Yarn Co. Ltd. and Shinwa Limited, to develop, produce, sell, and process cables under the new name, Teijin Frontier Knitting Co. The company will create next-generation materials that will be used for circular knitting patterns, which will incorporate special threads made by combining the technology of its two predecessors.
Types Covered:
• Partially Oxidized Polyacrylonitrile Fibers
• Polybenzimidazole (Pbi) Fibers
• Carbon Fibers
• Aramid Fibers
• Ultra-High-Molecular-Weight Polyethylene (UHMWPE) Fiber
• Other Types
Application Covered:
• Reinforcement Materials
• Aerospace
• Commercial Marine
• Friction and Sealing Materials
• Security
• Body Armor & Helmet
• Sports Materials
• Tire
• Other Applications
Regions Covered:
• North America
US
Canada
Mexico
• Europe
Germany
UK
Italy
France
Spain
Rest of Europe
• Asia Pacific
Japan
China
India
Australia
New Zealand
South Korea
Rest of Asia Pacific
• South America
Argentina
Brazil
Chile
Rest of South America
• Middle East & Africa
Saudi Arabia
UAE
Qatar
South Africa
Rest of Middle East & Africa
What our report offers:
- Market share assessments for the regional and country-level segments
- Strategic recommendations for the new entrants
- Covers Market data for the years 2020, 2021, 2022, 2025, and 2028
- Market Trends (Drivers, Constraints, Opportunities, Threats, Challenges, Investment Opportunities, and recommendations)
- Strategic recommendations in key business segments based on the market estimations
- Competitive landscaping mapping the key common trends
- Company profiling with detailed strategies, financials, and recent developments
- Supply chain trends mapping the latest technological advancements
- 1 Executive Summary
- 2 Preface
- 2.1 Abstract
- 2.2 Stake Holders
- 2.3 Research Scope
- 2.4 Research Methodology
- 2.4.1 Data Mining
- 2.4.2 Data Analysis
- 2.4.3 Data Validation
- 2.4.4 Research Approach
- 2.5 Research Sources
- 2.5.1 Primary Research Sources
- 2.5.2 Secondary Research Sources
- 2.5.3 Assumptions
- 3 Market Trend Analysis
- 3.1 Introduction
- 3.2 Drivers
- 3.3 Restraints
- 3.4 Opportunities
- 3.5 Threats
- 3.6 Application Analysis
- 3.7 Emerging Markets
- 3.8 Impact of Covid-19
- 4 Porters Five Force Analysis
- 4.1 Bargaining power of suppliers
- 4.2 Bargaining power of buyers
- 4.3 Threat of substitutes
- 4.4 Threat of new entrants
- 4.5 Competitive rivalry
- 5 Global Specialty Fibers Market, By Type
- 5.1 Introduction
- 5.2 Partially Oxidized Polyacrylonitrile Fibers
- 5.3 Polybenzimidazole (Pbi) Fibers
- 5.4 Carbon Fibers
- 5.5 Aramid Fibers
- 5.6 Ultra-High-Molecular-Weight Polyethylene (UHMWPE) Fiber
- 5.7 Other Types
- 6 Global Specialty Fibers Market, By Application
- 6.1 Introduction
- 6.2 Reinforcement Materials
- 6.3 Aerospace
- 6.4 Commercial Marine
- 6.5 Friction and Sealing Materials
- 6.6 Security
- 6.7 Body Armor & Helmet
- 6.8 Sports Materials
- 6.9 Tire
- 6.10 Other Applications
- 7 Global Specialty Fibers Market, By Geography
- 7.1 Introduction
- 7.2 North America
- 7.2.1 US
- 7.2.2 Canada
- 7.2.3 Mexico
- 7.3 Europe
- 7.3.1 Germany
- 7.3.2 UK
- 7.3.3 Italy
- 7.3.4 France
- 7.3.5 Spain
- 7.3.6 Rest of Europe
- 7.4 Asia Pacific
- 7.4.1 Japan
- 7.4.2 China
- 7.4.3 India
- 7.4.4 Australia
- 7.4.5 New Zealand
- 7.4.6 South Korea
- 7.4.7 Rest of Asia Pacific
- 7.5 South America
- 7.5.1 Argentina
- 7.5.2 Brazil
- 7.5.3 Chile
- 7.5.4 Rest of South America
- 7.6 Middle East & Africa
- 7.6.1 Saudi Arabia
- 7.6.2 UAE
- 7.6.3 Qatar
- 7.6.4 South Africa
- 7.6.5 Rest of Middle East & Africa
- 8 Key Developments
- 8.1 Agreements, Partnerships, Collaborations and Joint Ventures
- 8.2 Acquisitions & Mergers
- 8.3 New Product Launch
- 8.4 Expansions
- 8.5 Other Key Strategies
- 9 Company Profiling
- 9.1 Dupont
- 9.2 3M Company
- 9.3 Nv Bekaert Sa
- 9.4 Sgl Group
- 9.5 Dsm N.V.
- 9.6 Teijin
- 9.7 Evonik Fibres Gmbh
- 9.8 Huvis
- 9.9 KOLON Industries
- 9.10 Shenma Industrial
- 9.11 Yantai Tayho Advanced materials
- 9.12 Kamenskvolokno JSC
- 9.13 Umeco Plc
- List of Tables
- Table 1 Global Specialty Fibers Market Outlook, By Region (2020-2028) ($MN)
- Table 2 Global Specialty Fibers Market Outlook, By Reinforcement Materials (2020-2028) ($MN)
- Table 3 Global Specialty Fibers Market Outlook, By Aerospace (2020-2028) ($MN)
- Table 4 Global Specialty Fibers Market Outlook, By Commercial Marine (2020-2028) ($MN)
- Table 5 Global Specialty Fibers Market Outlook, By Friction and Sealing Materials (2020-2028) ($MN)
- Table 6 Global Specialty Fibers Market Outlook, By Security (2020-2028) ($MN)
- Table 7 Global Specialty Fibers Market Outlook, By Body Armor & Helmet (2020-2028) ($MN)
- Table 8 Global Specialty Fibers Market Outlook, By Sports Materials (2020-2028) ($MN)
- Table 9 Global Specialty Fibers Market Outlook, By Tire (2020-2028) ($MN)
- Table 10 Global Specialty Fibers Market Outlook, By Reinforcement Materials (2020-2028) ($MN)
- Table 11 Global Specialty Fibers Market Outlook, By Aerospace (2020-2028) ($MN)
- Table 12 Global Specialty Fibers Market Outlook, By Commercial Marine (2020-2028) ($MN)
- Table 13 Global Specialty Fibers Market Outlook, By Friction and Sealing Materials (2020-2028) ($MN)
- Table 14 Global Specialty Fibers Market Outlook, By Security (2020-2028) ($MN)
- Table 15 Global Specialty Fibers Market Outlook, By Body Armor & Helmet (2020-2028) ($MN)
- Table 16 Global Specialty Fibers Market Outlook, By Sports Materials (2020-2028) ($MN)
- Table 17 Global Specialty Fibers Market Outlook, By Tire (2020-2028) ($MN)
- Table 18 Global Specialty Fibers Market Outlook, By Other Applications (2020-2028) ($MN)
- Table 19 North America Specialty Fibers Market Outlook, By Country (2020-2028) ($MN)
- Table 20 North America Specialty Fibers Market Outlook, By Reinforcement Materials (2020-2028) ($MN)
- Table 21 North America Specialty Fibers Market Outlook, By Aerospace (2020-2028) ($MN)
- Table 22 North America Specialty Fibers Market Outlook, By Commercial Marine (2020-2028) ($MN)
- Table 23 North America Specialty Fibers Market Outlook, By Friction and Sealing Materials (2020-2028) ($MN)
- Table 24 North America Specialty Fibers Market Outlook, By Security (2020-2028) ($MN)
- Table 25 North America Specialty Fibers Market Outlook, By Body Armor & Helmet (2020-2028) ($MN)
- Table 26 North America Specialty Fibers Market Outlook, By Sports Materials (2020-2028) ($MN)
- Table 27 North America Specialty Fibers Market Outlook, By Tire (2020-2028) ($MN)
- Table 28 North America Specialty Fibers Market Outlook, By Reinforcement Materials (2020-2028) ($MN)
- Table 29 North America Specialty Fibers Market Outlook, By Aerospace (2020-2028) ($MN)
- Table 30 North America Specialty Fibers Market Outlook, By Commercial Marine (2020-2028) ($MN)
- Table 31 North America Specialty Fibers Market Outlook, By Friction and Sealing Materials (2020-2028) ($MN)
- Table 32 North America Specialty Fibers Market Outlook, By Security (2020-2028) ($MN)
- Table 33 North America Specialty Fibers Market Outlook, By Body Armor & Helmet (2020-2028) ($MN)
- Table 34 North America Specialty Fibers Market Outlook, By Sports Materials (2020-2028) ($MN)
- Table 35 North America Specialty Fibers Market Outlook, By Tire (2020-2028) ($MN)
- Table 36 North America Specialty Fibers Market Outlook, By Other Applications (2020-2028) ($MN)
- Table 37 Europe Specialty Fibers Market Outlook, By Country (2020-2028) ($MN)
- Table 38 Europe Specialty Fibers Market Outlook, By Reinforcement Materials (2020-2028) ($MN)
- Table 39 Europe Specialty Fibers Market Outlook, By Aerospace (2020-2028) ($MN)
- Table 40 Europe Specialty Fibers Market Outlook, By Commercial Marine (2020-2028) ($MN)
- Table 41 Europe Specialty Fibers Market Outlook, By Friction and Sealing Materials (2020-2028) ($MN)
- Table 42 Europe Specialty Fibers Market Outlook, By Security (2020-2028) ($MN)
- Table 43 Europe Specialty Fibers Market Outlook, By Body Armor & Helmet (2020-2028) ($MN)
- Table 44 Europe Specialty Fibers Market Outlook, By Sports Materials (2020-2028) ($MN)
- Table 45 Europe Specialty Fibers Market Outlook, By Tire (2020-2028) ($MN)
- Table 46 Europe Specialty Fibers Market Outlook, By Reinforcement Materials (2020-2028) ($MN)
- Table 47 Europe Specialty Fibers Market Outlook, By Aerospace (2020-2028) ($MN)
- Table 48 Europe Specialty Fibers Market Outlook, By Commercial Marine (2020-2028) ($MN)
- Table 49 Europe Specialty Fibers Market Outlook, By Friction and Sealing Materials (2020-2028) ($MN)
- Table 50 Europe Specialty Fibers Market Outlook, By Security (2020-2028) ($MN)
- Table 51 Europe Specialty Fibers Market Outlook, By Body Armor & Helmet (2020-2028) ($MN)
- Table 52 Europe Specialty Fibers Market Outlook, By Sports Materials (2020-2028) ($MN)
- Table 53 Europe Specialty Fibers Market Outlook, By Tire (2020-2028) ($MN)
- Table 54 Europe Specialty Fibers Market Outlook, By Other Applications (2020-2028) ($MN)
- Table 55 Asia Pacific Specialty Fibers Market Outlook, By Country (2020-2028) ($MN)
- Table 56 Asia Pacific Specialty Fibers Market Outlook, By Reinforcement Materials (2020-2028) ($MN)
- Table 57 Asia Pacific Specialty Fibers Market Outlook, By Aerospace (2020-2028) ($MN)
- Table 58 Asia Pacific Specialty Fibers Market Outlook, By Commercial Marine (2020-2028) ($MN)
- Table 59 Asia Pacific Specialty Fibers Market Outlook, By Friction and Sealing Materials (2020-2028) ($MN)
- Table 60 Asia Pacific Specialty Fibers Market Outlook, By Security (2020-2028) ($MN)
- Table 61 Asia Pacific Specialty Fibers Market Outlook, By Body Armor & Helmet (2020-2028) ($MN)
- Table 62 Asia Pacific Specialty Fibers Market Outlook, By Sports Materials (2020-2028) ($MN)
- Table 63 Asia Pacific Specialty Fibers Market Outlook, By Tire (2020-2028) ($MN)
- Table 64 Asia Pacific Specialty Fibers Market Outlook, By Reinforcement Materials (2020-2028) ($MN)
- Table 65 Asia Pacific Specialty Fibers Market Outlook, By Aerospace (2020-2028) ($MN)
- Table 66 Asia Pacific Specialty Fibers Market Outlook, By Commercial Marine (2020-2028) ($MN)
- Table 67 Asia Pacific Specialty Fibers Market Outlook, By Friction and Sealing Materials (2020-2028) ($MN)
- Table 68 Asia Pacific Specialty Fibers Market Outlook, By Security (2020-2028) ($MN)
- Table 69 Asia Pacific Specialty Fibers Market Outlook, By Body Armor & Helmet (2020-2028) ($MN)
- Table 70 Asia Pacific Specialty Fibers Market Outlook, By Sports Materials (2020-2028) ($MN)
- Table 71 Asia Pacific Specialty Fibers Market Outlook, By Tire (2020-2028) ($MN)
- Table 72 Asia Pacific Specialty Fibers Market Outlook, By Other Applications (2020-2028) ($MN)
- Table 73 South America Specialty Fibers Market Outlook, By Country (2020-2028) ($MN)
- Table 74 South America Specialty Fibers Market Outlook, By Reinforcement Materials (2020-2028) ($MN)
- Table 75 South America Specialty Fibers Market Outlook, By Aerospace (2020-2028) ($MN)
- Table 76 South America Specialty Fibers Market Outlook, By Commercial Marine (2020-2028) ($MN)
- Table 77 South America Specialty Fibers Market Outlook, By Friction and Sealing Materials (2020-2028) ($MN)
- Table 78 South America Specialty Fibers Market Outlook, By Security (2020-2028) ($MN)
- Table 79 South America Specialty Fibers Market Outlook, By Body Armor & Helmet (2020-2028) ($MN)
- Table 80 South America Specialty Fibers Market Outlook, By Sports Materials (2020-2028) ($MN)
- Table 81 South America Specialty Fibers Market Outlook, By Tire (2020-2028) ($MN)
- Table 82 South America Specialty Fibers Market Outlook, By Reinforcement Materials (2020-2028) ($MN)
- Table 83 South America Specialty Fibers Market Outlook, By Aerospace (2020-2028) ($MN)
- Table 84 South America Specialty Fibers Market Outlook, By Commercial Marine (2020-2028) ($MN)
- Table 85 South America Specialty Fibers Market Outlook, By Friction and Sealing Materials (2020-2028) ($MN)
- Table 86 South America Specialty Fibers Market Outlook, By Security (2020-2028) ($MN)
- Table 87 South America Specialty Fibers Market Outlook, By Body Armor & Helmet (2020-2028) ($MN)
- Table 88 South America Specialty Fibers Market Outlook, By Sports Materials (2020-2028) ($MN)
- Table 89 South America Specialty Fibers Market Outlook, By Tire (2020-2028) ($MN)
- Table 90 South America Specialty Fibers Market Outlook, By Other Applications (2020-2028) ($MN)
- Table 91 Middle East & Africa Specialty Fibers Market Outlook, By Country (2020-2028) ($MN)
- Table 92 Middle East & Africa Specialty Fibers Market Outlook, By Reinforcement Materials (2020-2028) ($MN)
- Table 93 Middle East & Africa Specialty Fibers Market Outlook, By Aerospace (2020-2028) ($MN)
- Table 94 Middle East & Africa Specialty Fibers Market Outlook, By Commercial Marine (2020-2028) ($MN)
- Table 95 Middle East & Africa Specialty Fibers Market Outlook, By Friction and Sealing Materials (2020-2028) ($MN)
- Table 96 Middle East & Africa Specialty Fibers Market Outlook, By Security (2020-2028) ($MN)
- Table 97 Middle East & Africa Specialty Fibers Market Outlook, By Body Armor & Helmet (2020-2028) ($MN)
- Table 98 Middle East & Africa Specialty Fibers Market Outlook, By Sports Materials (2020-2028) ($MN)
- Table 99 Middle East & Africa Specialty Fibers Market Outlook, By Tire (2020-2028) ($MN)
- Table 100 Middle East & Africa Specialty Fibers Market Outlook, By Reinforcement Materials (2020-2028) ($MN)
- Table 101 Middle East & Africa Specialty Fibers Market Outlook, By Aerospace (2020-2028) ($MN)
- Table 102 Middle East & Africa Specialty Fibers Market Outlook, By Commercial Marine (2020-2028) ($MN)
- Table 103 Middle East & Africa Specialty Fibers Market Outlook, By Friction and Sealing Materials (2020-2028) ($MN)
- Table 104 Middle East & Africa Specialty Fibers Market Outlook, By Security (2020-2028) ($MN)
- Table 105 Middle East & Africa Specialty Fibers Market Outlook, By Body Armor & Helmet (2020-2028) ($MN)
- Table 106 Middle East & Africa Specialty Fibers Market Outlook, By Sports Materials (2020-2028) ($MN)
- Table 107 Middle East & Africa Specialty Fibers Market Outlook, By Tire (2020-2028) ($MN)
- Table 108 Middle East & Africa Specialty Fibers Market Outlook, By Other Applications (2020-2028) ($MN)
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