Specialty Fibers Market Analysis: Plant Capacity, Production, Operating Efficiency, Technology, Demand & Supply, End-User Industries, Distribution Channel, Regional Demand, 2015-2030

Format: Online | Last Updated: Aug 2021

[Online Quarterly Update] Global Specialty Fibers demand stood at 4.52 Million Tonnes in 2020 and is forecast to reach 8.42 Million Tonnes by 2030, growing at a healthy CAGR of 6.62% until 2030. The anticipated growth in the Specialty Fibers market is attributed to increasing demand for composite compounds with lightweight and high strength properties across various end-user industries such as transportation, aerospace, marine, and others. The increasing demand for specialty fiber owing to its superior properties including high durability, etc., as compared to conventionally used natural fiber worldwide is the major driver for the forecast period.
 
There has been an exponential increase in the overall consumption of Specialty Fibers for the manufacturing of various fiber products following changing consumer preferences and fashion trends such as waterproof, stretchability, and other parameters in the textile industry. In addition, inadequate supply, and availability of natural fibers such as cotton also drive the demand for Specialty Fibers globally. This Specialty fibers market growth is also driven by magnificent growth observed in the demand for carbon fibers, one of the most significant Specialty Fiber used in aerospace and aircraft Types owing to its lightweight, strong, and stiff nature and hence can be used as a good substitute for steel across these industries.
 In addition, increasing industrialization and construction activities following the rise in disposable income globally further augment the Specialty Fiber consumption which is added to foremost construction material viz., concrete and paints to ensure proper sticking of the respective compounds as well as provide fire resistance and resistance to various other environmental hazards.
 
In 2020, the outspread of the COVID-19 pandemic across the globe, put a significant halt in the growth curve of Specialty Fiber total global demand, backed by numerous restrictions imposed by the government of various developing nations like India, China, the USA, and others to contain the life-threatening disease spread. Manufacturing units were temporarily shut down and the disruption in the supply chain was observed. Shortage of raw materials coupled with trade restrictions impacted the market adversely. However, the overall global Specialty Fibers demand is anticipated to recover in the forecast period owing to the resumption in the construction activities post the upliftment of restrictions imposed in operations across several regions to contain the COVID-19 spread.
 
Years Considered for this Report:
 
Historical Years: 2015 – 2019
Base Year: 2020
Estimated Year: 2021
Forecast Period: 2022 – 2030

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Objective of the Study: 
•The primary objective of the study was to evaluate and forecast the Specialty Fibers capacity, production, demand, inventory, and demand–supply gap globally. 
•To categorize Specialty Fibers demand based on end use, Type, region and distribution channel
•To identify major customers of Specialty Fibers globally.
•To evaluate and forecast Specialty Fibers pricing globally.
•To identify and profile major companies operating globally Specialty Fibers market.
•To identify major news, deals and expansion plans globally Specialty Fibers market.
  
Some of the major players operating in the global Specialty Fibers market are DowDuPont, Teijin Limited, Jushi Group, Honeywell International Inc, Royal DSM, Toray Industries Inc., Formosa Plastics Corp, Sinopec Yizheng Chemical Fibre, Bluestar Fibres, Teijin Limited, Guangdong Charming and others.
 
Specialty Fibers is a crude oil derivative and hence its price is directly linked to the fluctuations in crude oil prices internationally. Volatility in the prices of crude oil has remained a major challenge for Specialty Fibers manufacturers in 2020. Specialty Fibers prices remained under pressure in the first half of the year weighed over by an unprecedented fall in crude oil and demand slowdown during Q1-2020 and Q2-2020. 
 
To extract data for Global Specialty Fibers market, primary research surveys were conducted with Specialty Fibers manufacturers, suppliers, distributors, wholesalers and end users. While interviewing, the respondents were also inquired about their competitors. Through this technique, ChemAnalyst was able to include manufacturers that could not be identified due to the limitations of secondary research. Moreover, ChemAnalyst analyzed various end user segments and projected a positive outlook for Global Specialty Fibers market over the coming years. 
 
ChemAnalyst calculated Specialty Fibers demand globally by analyzing the historical data and demand forecast which was carried out considering the end use industries growth. ChemAnalyst sourced these values from industry experts and company representatives and externally validated through analyzing historical sales data of respective manufacturers to arrive at the overall market size. Various secondary sources such as company websites, association reports, annual reports, etc., were also studied by ChemAnalyst. 
 
Key Target Audience:
 
•Specialty Fibers manufacturers and other stakeholders
•Organizations, forums and alliances related to Specialty Fibers distribution
•Government bodies such as regulating authorities and policy makers
•Market research organizations and consulting companies
 
The study is useful in providing answers to several critical questions that are important for industry stakeholders, such as Specialty Fibers manufacturers, distributors and policymakers. The report also provides useful insights about which market segments should be targeted over the coming years to strategize investments and capitalize on growth opportunities.
 
Report Scope: 
 
In this report, the Global Specialty Fibers market has been segmented into following categories, in addition to the industry trends which have also been detailed below:
 
Attribute
Details
Market size volume in 2020
4.52 million Tons
Market size volume in 2030
8.42 million Tones
Growth Rate
CAGR of 6.62% from 2021 to 2030
Base year for estimation
2020
Historic Data
2015 – 2019
Forecast period
2022 – 2030
Quantitative units
Demand in tons and CAGR from 2021 to 2030
Report coverage
Revenue forecast, demand & supply, competitive analysis, competitive landscape, growth factors, and trends
 
Segments covered
By Type (Spandex, Carbon Fiber, Aramid Fiber, High-strength Polyethylene, Others.)
By End-Use (Aerospace, Sports Equipment, Automotive, Electrical and Electronics, Defense and Others)
By Distribution Channel (Direct/Institutional Sales, Retail Sales, Other Channel Sales)
Regional scope
North America; Europe; Asia Pacific; South America; Middle East & Africa
Country scope
United States; Mexico; Canada; China; India; Japan; South Korea; Taiwan; Singapore; Germany; Belgium; France; United Kingdom; Spain; Italy; Sweden; Austria; Saudi Arabia; Iran; South Africa; Brazil; Argentina
Key companies profiled
DowDuPont, Teijin Limited, Jushi Group, Honeywell International Inc, Royal DSM, Toray Industries Inc., Formosa Plastics Corp, Sinopec Yizheng Chemical Fibre, Bluestar Fibres, Teijin Limited, Guangdong Charming and others.
Customization scope
Free report customization with purchase. Addition or alteration to country, regional & segment scope.
Pricing and purchase options
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Available Customizations:
With the given market data, ChemAnalyst offers customizations according to a company’s specific needs.

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