Home / Advanced Materials / Specialty Synthetic & Glass Fiber (SSGF) Market By Material Type (Glass Fiber, Specialty Synthetic Fiber), By Application (Non-composite, Composite), By End-user (Automotive, Aerospace & Defense, Building & Construction, Wind Energy, Electrical & Electronics, Others (Marine, Pipes & Tanks, etc.)) - Growth, Share, Opportunities & Competitive Analysis, 2019 - 2027

Specialty Synthetic & Glass Fiber (SSGF) Market By Material Type (Glass Fiber, Specialty Synthetic Fiber), By Application (Non-composite, Composite), By End-user (Automotive, Aerospace & Defense, Building & Construction, Wind Energy, Electrical & Electronics, Others (Marine, Pipes & Tanks, etc.)) - Growth, Share, Opportunities & Competitive Analysis, 2019 - 2027

Published: Feb 2020 | Report Code: 60207-02-20

Key Market Insights 

"Increase use of specialty synthetic & glass fiber ballistic manufacturing will spur the market revenue growth" 

The global specialty synthetic & glass fiber market accounted for US$ 64.3 Bn in 2018 and is growing at a CAGR of 6.5% throughout the forecast period from 2019 to 2027. 

Cutting-edge research and development has resulted in creating new fibers which expand beyond conventional, natural and organic ones. This in turn has resulted into development of innovative products for various end-use industries including, healthcare, and automotive among others. Rising demand of low weight and high strength composite material coupled with consumer friendly benefit offered by materials including water proofing, stain resistance, durability, mechanical properties and flexibility are factors fueling the specialty synthetic and glass fiber market growth. Rising demand of optical fiber cables and expansion of electronics industry along with substantial growth in automotive, marine and aerospace industry among others are anticipated to further boost the market growth of glass and specialty fiber market.                                  

In addition, high demand of glass fiber pipes in emerging economies along with increasing demand of glass fiber from building & construction industry especially in the middle east and Africa region are presenting lucrative opportunities for the growth of the specialty synthetic and glass  fiber market. Additionally, growing usage of specialty synthetic and glass fiber for manufacturing ballistic equipment is anticipated to enhance the market growth. However, a combination of factors including high cost of production, less resistance to heat, issues related to recycling, and lack of research and development in specialty synthetic fiber among others are hindering the market growth.

Market Synopsis

Specialty Synthetic & Glass Fiber (SSGF) Market

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Material Type Analysis

"Glass segment to dominate the market throughout the forecast period" 

Based on material type, the specialty synthetic & glass fiber market is classified into glass, and specialty synthetic fiber. Glass segment leads the global specialty synthetic & glass fiber market and is projected to grow significantly during the forecast years. In 2018, the glass segment contributed more than 60% of revenue share globally. This can be associated with low cost, superior mechanical properties including durability, flexibility, and strength among others. Apart from that, enhanced  applications of high-end glass fiber in various end-use industries including wind energy, automotive, aerospace and defense, and electrical and electronics among others will further spur revenue growth globally.

In contrast, carbon fiber segment anticipated to expand at a significant rate and is in demand by various end-user industry owing to the benefits offered by it including, light weight, stain resistant, and durability. 

Specialty Synthetic & Glass Fiber (SSGF) Market

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End-user Analysis

"Aerospace & Defense segment expected to dominate the market during the forecast period"

On the basis of end-user, the global specialty synthetic & glass  fiber market is further classified into automotive, aerospace & defense, building & construction, wind energy, electrical & electronics, others (marine, pipes & tanks, etc.). In 2018, aerospace and defense segment led the specialty synthetic & glass fiber market. The segment accounted for more than 25% share in terms of revenue. This can be associated with rising environmental concern and demand for light weight, and high strength material to increase fuel efficiency. Manufacturers including Boeing and Airbus among others are rapidly deploying carbon composites in their aircrafts.

In contrast, wind energy segment is projected to grow at a rapid pace during the years to come. Owing to high demand of specialty synthetic and glass fiber especially carbon composites in the manufacturing of wind blades and hubs among others. For instance, in September 2016, Mitsubishi Rayon Co. Ltd. And Fiberline Composites collaborated to distribute and manufacture carbon fiber composite laminates for wind turbine blades. 

Specialty Synthetic & Glass Fiber (SSGF) Market

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Regional Analysis

"Rapid industrialization to spur revenue in Asia Pacific region" 

In 2018, Asia Pacific region dominated the global specialty synthetic & glass fiber market and contributed approximately 30% of revenue share globally. The growth in the region can be attributed to, rapidly growing industries including building and construction, automotive, aerospace and defense and wind energy among others. China holds the largest market share in terms of revenue owing to increasing government spending on infrastructural development, rising industrialization and presence of large number of players in the region among others. In April 2018, Owens Corning entered into a licensing agreement with Taiwan Glass Ind. Corp. This agreement will help Owens Corning to penetrate further into the Asia Pacific region. 

In contrast, Asia Pacific region is trailed by Europe and North America. North America region is expected to grow significantly during the forecast period owing to growing automotive and aerospace & defense industry in the region. 

Specialty Synthetic & Glass Fiber (SSGF) Market

List of Companies Covered:

  • Owens Corning
  • Nippon Electrical Glass Co.
  • Honeywell International
  • Jushi Group Co. Ltd.
  • Toray Industries, Inc.
  • SGL Group
  • Mitsubishi Chemical Holdings Corporation
  • Hexcel Corporation
  • DuPont
  • Royal DSM

Specialty Synthetic & Glass Fiber (SSGF) Market

Key Industry Development: 

  • In November 2017, Nippon Electric Glass Co. Ltd. Announced the expansion of its Westerbroek plants production capacity. The company has approved an investment of Yen 7 Bn for the same.
  • In October 2016, Nippon Electric Glass Co. Ltd. Announced the acquisition of PPG’s European fiber glass operations. Through this acquisition Nippon Electric Glass Co. Ltd. Plans to expand in the Europe region, and increase its chopped fiber strands business.
  • In August 2016, Mitsubishi Chemical Corporation acquired Nippon Synthetic Chemical Industry Co. This acquisition will help the company to further expand its product portfolio and market penetration.
  • In February 2020, Mitsubishi Chemical Corporation displayed its new innovative lightweight material at JEC World 2020. This will help the company to gain competitive advantage in the specialty synthetic and glass fiber market globally. 

Historical & Forecast Period

This study report represents analysis for each segment from 2017 to 2027 considering 2018 to be the base year. Compounded Annual Growth Rate (CAGR) for each of the respective segments estimated for the forecast period from 2019 to 2027. 

Market Segmentation

ATTRIBUTE DETAILS
Research Period  2017-2027
Base Year 2018
Forecast Period  2019-2027
Historical Year  2017
Unit  USD Billion
Segmentation

 Material Type Segment (2017–2027; US$ Bn)
 • Glass Fiber
 • Specialty Synthetic Fiber
    a. Carbon Fiber
    b. Uhmwpe Fiber
    c. Aramid Fiber
    d. PPS Fiber
    e. Others

 Application Segment (2017–2027; US$ Bn)
 • Non-composite
 • Composite

 End-user Segment (2017–2027; US$ Bn)
 • Automotive
 • Aerospace & Defense
 • Building & Construction
 • Wind Energy
 • Electrical & Electronics
 • Others (Marine, Pipes & Tanks, etc.)

 Geography Segment (2017–2027; US$ Bn)
 • North America (U.S. and Rest of North America)
 • Europe (U.K., Germany, France, and Rest of Europe)
 • Asia Pacific (Japan, China, India, and Rest of Asia Pacific)
 • Rest of World (Middle East & Africa (MEA), Latin America)

The current report also comprehends qualitative and qualitative market valuation factors such as key market drivers, market trends, restraints and opportunities that gives a better market understanding of the overall specialty synthetic & glass fiber market. Additionally, the global report also comprises graphical representation of competitive landscape based on their market initiatives and strategies, product portfolio and business strengths.

Key questions answered in this report 

  • What are the current market trends and dynamics in the specialty synthetic & glass fiber market and valuable opportunities for emerging players?
  • Estimated forecast and market projections up to 2027
  • Which segment accounts for the fastest CAGR during the forecast period?
  • Which application segment holds a larger market share and why?
  • Are low and middle-income economies investing in the specialty synthetic & glass fiber market?
  • Which is largest regional market for specialty synthetic & glass fiber?
  • What is the market trend and dynamics in emerging markets such as Asia Pacific, Latin America and Middle East & Africa?
  • Worldwide market value of the specialty synthetic & glass  fiber market in 2017 and 2018
  • Which are the key trends driving the global specialty synthetic & glass fiber market growth?
  • Who are the leading manufacturers in the specialty synthetic & glass fiber market worldwide?

1. Preface
1.1. Report Description
1.1.1. Purpose of the Report
1.1.2. Target Audience
1.1.3. USP and Key Material type
1.2. Research Scope
1.3. Research Methodology
1.3.1. Phase I – Secondary Research
1.3.2. Phase II – Primary Research
1.3.3. Phase III – Expert Panel Review
1.3.4. Approach Adopted
1.3.4.1. Top-Down Approach
1.3.4.2. Bottom-Up Approach
1.3.5. Assumptions
1.4. Market Segmentation

2. Executive Summary
2.1. Market Snapshot: Global Specialty Synthetic & Glass Fiber (SSGF) Market
2.2. Global SSGF Market, by Material type, 2018 (US$ Bn)
2.3. Global SSGF Market, by Application, 2018 (US$ Bn)
2.4. Global SSGF Market, by End-user, 2018 (US$ Bn)
2.5. Global SSGF Market, by Geography, 2018 (US$ Bn)

3. Market Dynamics
3.1. Introduction
3.1.1. Global SSGF Market Value, 2017-2027, (US$ Bn)
3.2. Market Dynamics
3.2.1. Market Drivers
3.2.2. Market Restraints
3.3. Attractive Investment Proposition, by Geography, 2018
3.4. Market Positioning of Key Players, 2018
3.4.1. Major Strategies Adopted by Key Players

4. Global Specialty Synthetic & Glass Fiber (SSGF) Market, by Material type , 2017-2027 (US$ Bn)
4.1. Overview
4.2. Glass Fiber
4.3. Specialty Synthetic Fiber
4.3.1. Carbon Fiber
4.3.2. Uhmwpe Fiber
4.3.3. Aramid Fiber
4.3.4. PPS Fiber
4.3.5. Others

5. Global Specialty Synthetic & Glass Fiber (SSGF) Market, by Application, 2017-2027 (US$ Bn)
5.1. Overview
5.2. Non-composite
5.3. Composite

6. Global Specialty Synthetic & Glass Fiber (SSGF) Market, by End-user, 2017-2027 (US$ Bn)
6.1. Overview
6.2. Automotive
6.3. Aerospace & Defense
6.4. Building & Construction
6.5. Wind Energy
6.6. Electrical & Electronics
6.7. Others (Marine, Pipes & Tanks, etc.)

7. North America Specialty Synthetic & Glass Fiber (SSGF) Market Analysis, 2017-2027 (US$ Bn)
7.1. Overview
7.1.1. North America SSGF Market Value and Growth, 2017-2027, (US$ Bn)
7.2. North America SSGF Market Value, By Material type, 2017-2027 (US$ Bn)
7.2.1. Market Analysis
7.3. North America SSGF Market Value, By Application, 2017-2027 (US$ Bn)
7.3.1. Market Analysis
7.4. North America SSGF Market Value, By End-user, 2017-2027 (US$ Bn)
7.4.1. Market Analysis
7.5. North America SSGF Market Value, By Region/Country, 2017-2027 (US$ Bn)
7.5.1. Market Analysis
7.5.2. U.S.
7.5.3. Rest of North America

8. Europe Specialty Synthetic & Glass Fiber (SSGF) Market Analysis, 2017-2027 (US$ Bn)
8.1. Overview
8.1.1. Europe SSGF Market Value and Growth, 2017-2027, (US$ Bn)
8.2. Europe SSGF Market Value, By Material type, 2017-2027 (US$ Bn)
8.2.1. Market Analysis
8.3. Europe SSGF Market Value, By Application, 2017-2027 (US$ Bn)
8.3.1. Market Analysis
8.4. Europe SSGF Market Value, By End-user, 2017-2027 (US$ Bn)
8.4.1. Market Analysis
8.5. Europe SSGF Market Value, By Region/Country, 2017-2027 (US$ Bn)
8.5.1. Market Analysis
8.5.2. U.K.
8.5.3. Germany
8.5.4. France
8.5.5. Rest of Europe

9. Asia Pacific Specialty Synthetic & Glass Fiber (SSGF) Market Analysis, 2017-2027 (US$ Bn)
9.1. Overview
9.1.1. Asia Pacific SSGF Market Value and Growth, 2017-2027, (US$ Bn)
9.2. Asia Pacific SSGF Market Value, By Material type, 2017-2027 (US$ Bn)
9.2.1. Market Analysis
9.3. Asia Pacific SSGF Market Value, By Application, 2017-2027 (US$ Bn)
9.3.1. Market Analysis
9.4. Asia Pacific SSGF Market Value, By End-user, 2017-2027 (US$ Bn)
9.4.1. Market Analysis
9.5. Asia Pacific SSGF Market Value, By Region/Country, 2017-2027 (US$ Bn)
9.5.1. Market Analysis
9.5.2. Japan
9.5.3. China
9.5.4. India
9.5.5. Rest of Asia Pacific

10. Rest of the World Specialty Synthetic & Glass Fiber (SSGF) Market Analysis, 2017-2027 (US$ Bn)
10.1. Overview
10.1.1. Rest of the World SSGF Market Value and Growth, 2017-2027, (US$ Bn)
10.2. Rest of the World SSGF Market Value, By Material type, 2017-2027 (US$ Bn)
10.2.1. Market Analysis
10.3. Rest of the World SSGF Market Value, By Application, 2017-2027 (US$ Bn)
10.3.1. Market Analysis
10.4. Rest of the World SSGF Market Value, By End-user, 2017-2027 (US$ Bn)
10.4.1. Market Analysis
10.5. Rest of the World SSGF Market Value, By Region, 2017-2027 (US$ Bn)
10.5.1. Market Analysis
10.5.2. Middle East & Africa
10.5.3. Latin America

11. Company Profiles
11.1. Owens Corning
11.2. Nippon Electrical Glass Co.
11.3. Honeywell International
11.4. Jushi Group Co. Ltd.
11.5. Toray Industries, Inc.
11.6. SGL Group
11.7. Mitsubishi Chemical Holdings Corporation
11.8. Hexcel Corporation
11.9. DuPont
11.10. Royal DSM

* SSGF - Specialty Synthetic & Glass Fiber

FIG. 1 Global Specialty Synthetic & Glass Fiber (SSGF) Market: Research Methodology
FIG. 2 Market Size Estimation – Top Down & Bottom up Approach
FIG. 3 Global SSGF Market Segmentation
FIG. 4 Global SSGF Market, by Material type, 2018 (US$ Bn)
FIG. 5 Global SSGF Market, by Application, 2018 (US$ Bn)
FIG. 6 Global SSGF Market, by End-user, 2018 (US$ Bn)
FIG. 7 Global SSGF Market, by Geography, 2018 (US$ Bn)
FIG. 8 Attractive Investment Proposition, by Geography, 2018
FIG. 9 Global Market Positioning of Key SSGF Market Vendors, 2018
FIG. 10 Global SSGF Market, by Material type, 2017–2027 (US$ Bn)
FIG. 11 Global SSGF Market, by Glass Fiber, Value, 2017–2027 (US$ Bn)
FIG. 12 Global SSGF Market, by Specialty Synthetic Fiber, Value, 2017–2027 (US$ Bn)
FIG. 13 Global SSGF Market, by Application, 2017–2027 (US$ Bn)
FIG. 14 Global SSGF Market, by Non-composite, Value, 2017–2027 (US$ Bn)
FIG. 15 Global SSGF Market, by Composite, Value, 2017–2027 (US$ Bn)
FIG. 16 Global SSGF Market, by End-user, 2017–2027 (US$ Bn)
FIG. 17 Global SSGF Market, by Automotive, Value, 2017–2027 (US$ Bn)
FIG. 18 Global SSGF Market, by Aerospace & Defense, Value, 2017–2027 (US$ Bn)
FIG. 19 Global SSGF Market, by Building & Construction, Value, 2017–2027 (US$ Bn)
FIG. 20 Global SSGF Market, by Wind Energy, Value, 2017–2027 (US$ Bn)
FIG. 21 Global SSGF Market, by Electrical & Electronics, Value, 2017–2027 (US$ Bn)
FIG. 22 Global SSGF Market, by Others, Value, 2017–2027 (US$ Bn)
FIG. 23 U.S. SSGF Market, 2017–2027 (US$ Bn)
FIG. 24 Rest of North America SSGF Market, 2017–2027 (US$ Bn)
FIG. 25 U.K. SSGF Market, 2017–2027 (US$ Bn)
FIG. 26 Germany SSGF Market, 2017–2027 (US$ Bn)
FIG. 27 France SSGF Market, 2017–2027 (US$ Bn)
FIG. 28 Italy SSGF Market, 2017–2027 (US$ Bn)
FIG. 29 Rest of Europe SSGF Market, 2017–2027 (US$ Bn)
FIG. 30 Japan SSGF Market, 2017–2027 (US$ Bn)
FIG. 31 China SSGF Market, 2017–2027 (US$ Bn)
FIG. 32 India SSGF Market, 2017–2027 (US$ Bn)
FIG. 33 Rest of Asia Pacific SSGF Market, 2017–2027 (US$ Bn)
FIG. 34 Middle East & Africa SSGF Market, 2017–2027 (US$ Bn)
FIG. 35 Latin America SSGF Market, 2017–2027 (US$ Bn)

TABLE 1 Market Snapshot: Global Specialty Synthetic & Glass Fiber (SSGF) Market
TABLE 2 Global SSGF Market, by Material type, 2017–2027 (US$ Bn)
TABLE 3 Global SSGF Market, by Application, 2017–2027 (US$ Bn)
TABLE 4 Global SSGF Market, by End-user, 2017–2027 (US$ Bn)
TABLE 5 Global SSGF Market, by Geography, 2017–2027 (US$ Bn)
TABLE 6 North America SSGF Market, by Material type, 2017–2027 (US$ Bn)
TABLE 7 North America SSGF Market, by Application, 2017–2027 (US$ Bn)
TABLE 8 North America SSGF Market, by End-user, 2017–2027 (US$ Bn)
TABLE 9 North America SSGF Market, by Country, 2017–2027 (US$ Bn)
TABLE 10 Europe SSGF Market, by Material type, 2017–2027 (US$ Bn)
TABLE 11 Europe SSGF Market, by Application, 2017–2027 (US$ Bn)
TABLE 12 Europe SSGF Market, by End-user, 2017–2027 (US$ Bn)
TABLE 13 Europe SSGF Market, by Country, 2017–2027 (US$ Bn)
TABLE 14 Asia Pacific SSGF Market, by Country/Region, 2017–2027 (US$ Bn)
TABLE 15 Asia Pacific SSGF Market, by Material type, 2017–2027 (US$ Bn)
TABLE 16 Asia Pacific SSGF Market, by Application, 2017–2027 (US$ Bn)
TABLE 17 Asia Pacific SSGF Market, by End-user, 2017–2027 (US$ Bn)
TABLE 18 Asia Pacific SSGF Market, by Country/Region, 2017–2027 (US$ Bn)
TABLE 19 RoW SSGF Market, by Material type, 2017–2027 (US$ Bn)
TABLE 20 RoW SSGF Market, by Application, 2017–2027 (US$ Bn)
TABLE 21 RoW SSGF Market, by End-user, 2017–2027 (US$ Bn)
TABLE 22 RoW SSGF Market, by Country/Region, 2017–2027 (US$ Bn)
TABLE 23 William Demant Holdings A/S.: Company Snapshot (Company Details, Geographical Presence, Material type Portfolio, Key Developments)
TABLE 24 Owens Corning: Company Snapshot (Company Details, Geographical Presence, Material type Portfolio, Key Developments)
TABLE 25 Nippon Electrical Glass Co. Ltd.: Company Snapshot (Company Details, Geographical Presence, Material type Portfolio, Key Developments)
TABLE 26 Honeywell International.: Company Snapshot (Company Details, Geographical Presence, Material type Portfolio, Key Developments)
TABLE 27 Jushi Group Co. Ltd.: Company Snapshot (Company Details, Geographical Presence, Material type Portfolio, Key Developments)
TABLE 28 Toray Industries, Inc.: Company Snapshot (Company Details, Geographical Presence, Material type Portfolio, Key Developments)
TABLE 29 SGL Group.: Company Snapshot (Company Details, Geographical Presence, Material type Portfolio, Key Developments)
TABLE 30 Mitsubishi Chemical Holdings Corporation.: Company Snapshot (Company Details, Geographical Presence, Material type Portfolio, Key Developments)
TABLE 31 Hexcel Corporation.: Company Snapshot (Company Details, Geographical Presence, Material type Portfolio, Key Developments)
TABLE 32 DuPont.: Company Snapshot (Company Details, Geographical Presence, Material type Portfolio, Key Developments)
TABLE 33 Royal DSM.: Company Snapshot (Company Details, Geographical Presence, Material type Portfolio, Key Developments)

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