Synthetic Fibers & Glass Fiber Market is Projected to Grow at a CAGR of 5.2%

Date: 28 March 2014
Source: www.bharatbook.com

Date: 28 March 2014

The specialty synthetic fibers and glass fiber market had a consumption of 4,652,100.2 MT in 2012, with the highest share held by Glass fiber.

The global market is projected to grow at a CAGR of 5.2% from 2013 to 2018. The highest revenue is forecasted to be for glass fiber, owing to the low pricing as compared to other specialty synthetic fibers, growing application markets, availability of raw material sand huge production scale especially in China. Carbon Fiber is expected to have the highest growth of 10.2% from 2013 to 2018. The para aramids and meta aramids are expected to share together 18.6% of the revenue by 2018, growing at the rates of 6.9% and 4.9%, respectively between 2013 and 2018.





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