Glass Fiber Market and Specialty Synthetic Fibers Market Worth $14,240.53 Million by 2020

DALLAS, June 11, 2015 /PRNewswire/ --

The report "Glass Fiber Market & Specialty Synthetic Fibers Market by Type (Para & Meta Aramids, UHMW Polyethylene, Carbon Fiber, POA, Glass Fiber, and others), Application (Aerospace & Defense, Automotive, Wind Energy, Safety applications, and Friction Materials), and Region - Trends & Forecast to 2020", published by MarketsandMarkets, defines and segments the global glass fiber market and specialty synthetic fibers market with an analysis and forecast of value by type, such as aramids, UHMW Polyethylene, carbon fiber, and others. Additionally, the value and volume of glass fiber & specialty synthetic fibers by application and region are also discussed in the report.

Browse 147 market data tables and 60 figures spread through 300 pages and in-depth TOC on "Glass Fiber Market & Specialty Synthetic Fibers Market". 

http://www.marketsandmarkets.com/Market-Reports/specialty-synthetic-glass-fiber-market-39906130.html
Early buyers will receive 10% customization on this report.

The global glass fiber market and specialty synthetic fibers market is projected to register a market size of about $14,240.53 Million by 2020, signifying CAGR of around 6.46% between 2015 and 2020.

The report includes identification and analysis of factors that drive and restraint the global glass fiber market and specialty synthetic fibers market along with the opportunities and strengths. The market is segmented and the value has been projected based on important regions, such as Asia-Pacific, North America, Europe, and Rest of the World (RoW). Further, the market is segmented and the demand and value are estimated based on various key applications of glass fiber and specialty synthetic fibers, such as friction materials, reinforcement materials, safety applications, aerospace, ballistic protection, commercial marine, medical, and other applications.

Europe & North America are the major markets for para aramid which are contributing to the growth of the specialty synthetic fibers market 

Europe is one of the major regions in terms of consumption of aramids. After effect of the economic slowdown in 2008 on most of the industries in this region and the on-going recovery, the demand for advanced materials is projected to rise. The demand for aramid in the European region is mainly driven by the western European countries such as Germany, the U.K., and France. Stringent safety regulations within various industries such as oil & gas, construction are fuelling the demand for protective clothing which is driving the demand for aramids in the region. Friction materials required for high-end automotive and other industrial sectors are also contributing to the growing aramid market in the region.

North America is the major region in terms of production and consumption of aramids. Globally, this market is the leader with respect to demand as well as product innovation in terms of quality and application development. Major countries in North America are the U.S. (the most dominant market, accounting for a significant market share) and Canada. The North American aramid market is largely driven by the personal protection segment where the demand for advanced solutions which combine comfort and maneuverability with high protection is high.

For Further Inquiries:  http://www.marketsandmarkets.com/Enquiry_Before_Buying.asp?id=39906130

Asia-Pacific is projected to register the highest demand for UHMW Polyethylene in its end-user industries by 2020 

Asia-Pacific is the fastest-growing market for UHMW PE globally. Growing economies are enhancing their budgets for defense and military spending giving rise to body and vehicle armor market in the region. The U.S. and European countries are projected to be the hub of UHMW Polyethylene consumption in the world and are projected to be the major consumers of specialty synthetic fibers by 2019. The major countries in the region, which are projected to drive the UHMW Polyethylene market, are Japan, China, India, and South Korea. The key company producing UHMW polyethylene in the region is Toyobo Co. Ltd (Japan).

Browse Related Reports: 

Aramid Fiber Market by Type (Para-aramid Fiber, Meta-aramid Fiber) and Application (Security & Protection, Frictional Material, Tire & Rubber Reinforcement, Optical Fiber, Electrical Insulation, Aerospace, Others) - Global Trends & Forecasts to 2019

http://www.marketsandmarkets.com/Market-Reports/aramid-fibers-market-112849061.html

Carbon Fiber Market by Types, Applications, Trends & Global Forecasts (2011 - 2016)

http://www.marketsandmarkets.com/Market-Reports/carbon-fiber-396.html

About MarketsandMarkets

MarketsandMarkets is world's No. 2 firm in terms of annually published premium market research reports. Serving 1700 global fortune enterprises with more than 1200 premium studies in a year, M&M is catering to multitude of clients across 8 different industrial verticals. We specialize in consulting assignments and business research across high growth markets, cutting edge technologies and newer applications. Our 850 fulltime analyst and SMEs at MarketsandMarkets are tracking global high growth markets following the "Growth Engagement Model - GEM". The GEM aims at proactive collaboration with the clients to identify new opportunities, identify most important customers, write "Attack, avoid and defend" strategies, identify sources of incremental revenues for both the company and its competitors.

M&M's flagship competitive intelligence and market research platform, "RT" connects over 200,000 markets and entire value chains for deeper understanding of the unmet insights along with market sizing and forecasts of niche markets. The new included chapters on Methodology and Benchmarking presented with high quality analytical infographics in our reports gives complete visibility of how the numbers have been arrived and defend the accuracy of the numbers.

We at MarketsandMarkets are inspired to help our clients grow by providing apt business insight with our huge market intelligence repository.

Subscribe Reports from Chemical Domain @ http://www.marketsandmarkets.com/Subscription.html

Contact:
Mr. Rohan
North - Dominion Plaza,
17304 Preston Road,
Suite 800, Dallas, TX 75252
Tel: +1-888-600-6441
Email: sales@marketsandmarkets.com
Visit MarketsandMarkets Blog @ http://www.marketsandmarketsblog.com/market-reports/chemical

SOURCE MarketsandMarkets