Glass and Specialty Synthetic Fibers: Global Strategic Business Report

Global Glass and Specialty Synthetic Fibers Market to Reach $114 Billion by 2027

In the changed post COVID-19 business landscape, the global market for Glass and Specialty Synthetic Fibers estimated at US$66.7 Billion in the year 2020, is projected to reach a revised size of US$114 Billion by 2027, growing at a CAGR of 8% over the analysis period 2020-2027. Glass, one of the segments analyzed in the report, is projected to record a 9.2% CAGR and reach US$31.5 Billion by the end of the analysis period. Taking into account the ongoing post pandemic recovery, growth in the Carbon segment is readjusted to a revised 8.1% CAGR for the next 7-year period.

The U.S. Market is Estimated at $18.2 Billion, While China is Forecast to Grow at 11.5% CAGR

The Glass and Specialty Synthetic Fibers market in the U.S. is estimated at US$18.2 Billion in the year 2020. China, the world's second largest economy, is forecast to reach a projected market size of US$24.2 Billion by the year 2027 trailing a CAGR of 11.6% over the analysis period 2020 to 2027. Among the other noteworthy geographic markets are Japan and Canada, each forecast to grow at 4.9% and 7.3% respectively over the 2020-2027 period. Within Europe, Germany is forecast to grow at approximately 5.6% CAGR. Led by countries such as Australia, India, and South Korea, the market in Asia-Pacific is forecast to reach US$15.3 Billion by the year 2027.

Aramid Segment to Record 7.8% CAGR

In the global Aramid segment, USA, Canada, Japan, China and Europe will drive the 7.8% CAGR estimated for this segment. These regional markets accounting for a combined market size of US$9.5 Billion in the year 2020 will reach a projected size of US$15.6 Billion by the close of the analysis period. China will remain among the fastest growing in this cluster of regional markets. Latin America will expand at a 9.1% CAGR through the analysis period.

Select Competitors (Total 43 Featured) -

• AGY
• Chongqing Polycomp International Corporation
• DSM
• E. I. Du Pont Nemours & Co.
• Hexcel Corporation
• Honeywell International, Inc.
• Jushi Group Co., Ltd.
• Kuraray Co., Ltd.
• Mitsubishi Chemical Holdings Corporation
• Nippon Electric Glass Co., Ltd.
• Owens Corning
• SGL Group
• Taishan Fiberglass, Inc. (CTG)
• Teijin Limited
• Toray Industries, Inc.

What's New for 2022?

• Global competitiveness and key competitor percentage market shares
• Market presence across multiple geographies - Strong/Active/Niche/Trivial
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• Access to digital archives and Research Platform
• Complimentary updates for one year