Polymeric And Inorganic Fibers Market - Industry Analysis, Market Size, Share, Trends,Application Analysis, Growth and Forecast 2021 - 2026

Report Code: FBR 0534 Report Format: PDF + Excel (Delivery in 48 Hrs)

Polymeric and Inorganic Fibers Market Overview

Polymeric and inorganic fibers market size is forecast to reach US$127.6 billion by 2026, after growing at a CAGR of 7.1% during 2021-2026. Inorganic fibers are gaining importance in end-use industries. These fibers are manufactured from the material available in the earth's crust such as glass, metal, carbon, and ceramics among others. Inorganic fibers are fibers made from inorganic materials such as amorphous fiber, wollastonite, and monocrystalline fiber. Inorganic fibers have more resistance, more rigid, higher melting point, and heat resistant compared to traditional fibers. The growing demand from various end-use industries including, automotive, aerospace, marine, textile, medical, and electronics & electrical among others are driving the market growth during the forecast period 2021-2026. The growing demand from the automotive industry along with the rising need for lightweight components in automotive production is propelling the market growth. The growing commercial aviation in developed regions is supporting the market growth during the forecast period. The rapid growth in medical along with the growing production of medical equipment globally is one of the major factors driving the market growth for polymeric and inorganic fibers during the forecast period. However, growing environmental concerns and the high cost of polymeric and inorganic fibers are likely to hamper the market growth during the forecast period.

COVID-19 Impact

The COVID-19 pandemic is impacting different industries; one of the few industries that were largely hit to some extent was the fiber industry. The temporary shutdown of inorganic fiber manufacturing facilities has negatively impacted the market. The downfall in the production of fibers, disruption of logistical services, and lack of workforce impacted the market negatively during the covid-19 crises. Travel restrictions have reduced the supply of raw materials required for the manufacturing of polymeric and inorganic fibers, which, in turn, has affected negatively the market growth during the pandemic.

Report Coverage

The report: “Polymeric and Inorganic Fibers Market – Forecast (2021-2026)”, by IndustryARC, covers an in-depth analysis of the following segments of the Polymeric and Inorganic Fibers industry.

By Type: Inorganic Fibers (Glass fiber, Carbon Fiber [PAN (polyacrylonitrile), and Pitch (petroleum oil & coal)], Metal Fiber, Boron Fiber, Silica Carbide Fiber, Ceramic Fiber, and Others), and Polymer Fibers (Polyamide nylon, PET or PBT polyester, Phenol-formaldehyde (PF), Polyvinylchloride fiber (PVC) vinyon, Polyolefins (PP and PE) olefin fiber, Acrylic polyesters, and Others)

By Fiber Type: Continuous fiber, Long fiber, and Short fiber.

By Application: Garments, Conveyer belts, insulating cables, Helmets, Engine compartment, Gasket lining, Brake pads, Wings, Tires, Microelectrodes, Catalysis, Gas Turbine, and Others

By End-Use Industry: Automotive (Passenger Cars, Light Weight Commercial Vehicles and Heavy Commercial Vehicles), Construction (Residential Construction and Commercial Construction), Aerospace & Defense (Commercial Aircraft, Regional Jets, General Aviation, Rotorcraft, Defense Aircraft, and Others), Medical, Textile, Wind Energy, Marine (Yachts, Catamarans, Racing Boats), Consumer Goods, Electrical & Electronics, Oil & Gas, Sporting Goods, and Others

By Geography: North America (USA, Canada, and Mexico), Europe (UK, Germany, Italy, France, Netherlands, Belgium, Spain, Denmark, and Rest of Europe), Asia-Pacific (China, Japan, South Korea, India, Australia, and New Zeeland, Indonesia, Taiwan, Malaysia, and Rest of APAC), South America (Brazil, Argentina, Colombia, Chile, and Rest of South America), and Rest of the World (Middle East and Africa)

Key Takeaways

  • The Asia Pacific is expected to register the highest CAGR of 8.1% during the forecast period (2021-2026).  Changing lifestyles, increasing consumer spending, emerging economies, and rapid population growth are the major factors driving the market growth. 
  • Inorganic fibers are also known as high-performance fibers or super-fibers. They have superior characteristics and properties that differ from other non-natural fibers.
  • The manufacturers are involved in developing advanced fibers for different end-use industries. Investments in research and developments to enhance the capabilities of polymeric and inorganic fibers are supporting the market growth.

 

Figure: North America Polymeric and Inorganic Fibers Market Revenue, 2020-2026 (US$ Billion)

Polymeric and Inorganic Fibers Market Revenue

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Polymeric and Inorganic Fibers Market Segment Analysis - By Type

The inorganic fibers segment is expected to hold the largest market share in the global polymeric and inorganic fibers market during the forecast period. The carbon fibers segment of inorganic fibers type accounted for approximately 30% of the market share in 2020 and are estimated to grow at a significant CAGR during the forecast period. Carbon fibers are widely used in aerospace & defense, automotive, sports & recreation, and wind energy industries due to their high strength modulus property. Carbon fibers are also cost-effective and possess high tensile strength compared to other types. The polymeric fiber segment is expected to grow at a high CAGR of 7.5% during the forecast period. The growing demand and usage of synthetic fibers are driving the market growth for the polymeric fibers segment.

Polymeric and Inorganic Fibers Market Segment Analysis – By Application

Polymeric and inorganic fibers are used for manufacturing garments, automotive and aerospace components, medical devices, and others. The garments segment is expected to hold a significant market share and is estimated to grow significantly during the forecast period. The growing demand for high-strength fibers in garments is driving the market growth. These fibers are used for manufacturing sports garments, fire safety garments, and waterproof garments among others. The helmets segment also holds a significant share and is expected to grow at a CAGR of 6.9% during the forecast period. The growing number of bike accidents and government regulation on helmet usage is supporting the market growth for the helmets segment.

Polymeric and Inorganic Fibers Market Segment Analysis – By End-use Industry

The aerospace and automotive segment accounted for more than 32% of the market share in 2020 and is estimated to grow significantly during the forecast period 2021-2026. Automobile components such as brake pads, engine compartment, and gasket lining among others contain polymeric & inorganic fibers, including carbon fiber, and ceramic. The growing production of passenger cars in developing nation are driving the market growth during the forecast period. The growing usage of fuel-efficient vehicles and lightweight vehicles are supporting the market for polymeric & inorganic fibers between 2021-2026. The growing globalization of companies along with international trade activities are driving the market growth for aerospace and marine segments. The wind-energy segment is expected to grow at a significant growth rate between 2021-2026.  The growing demand for renewable energy production in developed and developing nations is boosting the market growth. Major players operating in the wind energy segment are using these fibers composites for the production of wind blade structural components.

Polymeric and Inorganic Fibers Market Segment Analysis - By Geography

North America region held the largest share in the polymeric and inorganic fibers market in 2020 up to 41%, owing to the presence of multiple end-users in the region. The presence of developed nations such as the USA, and Canada is driving the market growth in the region. The presence of large aircraft manufacturers, electric car manufacturers, and offshore wind farm installations is driving regional growth. According to the data published by OICA, the North American region produced approximately 13.37 million vehicles in 2020. The European region is expected to register a significant growth rate during the forecast period (2021-2026). The presence of leading automobile manufacturers such as BMW, Benz, DAF, Daimler AG, Fiat, and Bentley among others are driving the regional growth during the forecast period.

Polymeric and Inorganic Fibers Market Drivers:

Growing automotive and aerospace industry

Growth in the commercial aviation sector along with the expansion of fleet lines are driving the market demand. Polymeric and inorganic fibers are widely used in manufacturing Wings, tires, and gasket lining for aircraft. According to Airbus, North America ordered more than 2,500 commercial aircraft for domestic and international passenger services. They also mention North American carriers will require approximately 5,600 additional aircraft in the coming decades. According to the data published by Federal Aviation Administration (FAA), In 2020 the United States aviation industry contributed 5.2% to the country's GDP. The administration also stated that the country generated approximately US$488 billion in revenue from the aviation industry. According to the data published by ACEA, approximately 18.5 million motor vehicles were produced in the European Union in 2019. They also mentioned about 10.8 million passenger cars are produced in the European Union in 2020. According to the data published by OICA, India produced more than 3.3 million vehicles in 2020. 

Growing demand for wind energy 

The companies involved in wind energy are using carbon fibers and glass fibers-based composites for manufacturing rotary blades to increase performance efficiency, service life, and rotor dynamics. According to the data published by U.S. Energy Information Administration, in 2020, about 338 billion kilowatt-hours (kWh) of electricity were generated by wind, which occupies about 8.4% of total energy production. According to the US Energy Department, new wind projects account for US$10 billion of annual investments. The organization also mentioned there are 180 onshore and 17 offshore wind projects in the USA. Based on the data published by Wind Europe Organization, Europe installed about 14.7 GW of new wind capacity in 2020. Europe is also planning to install around 105 GW of new wind energy capacity over the next five years.

Polymeric and Inorganic Fibers Market Challenges:

High cost of polymeric and inorganic fibers

The high cost of polymer and inorganic fiber is one of the major concerns associated with its growth. These fibers are still not used in large applications due to their high cost. The fibers such as carbon, and ceramic fibers are very expensive.  Carbon fiber is currently used in only high-end and racing cars due to its high cost. However, companies are also focusing on manufacturing low-cost fibers to meet the market demand.

Polymeric and Inorganic Fibers Market Landscape

Technology launches, acquisitions, and R&D activities are key strategies adopted by players in the Polymeric and Inorganic Fibers market. Major players in the Polymeric and Inorganic Fibers market are American Fiberglass Rebar, American Grating, LLC., Engineered Composites Ltd, B&B FRP Manufacturing INC.; TUF-BAR; FRP Composites Inc.; Ten Cate NV; Zoltek Companies, Inc.; Hyosung Corporation; Mitsubishi Rayon Co., Ltd.; SGL Group; DowAksa, Teijin and others

Acquisitions/Technology Launches

  • In June 2021, Teijin company announced that its Tenax™ carbon fiber prepreg is adopted by Airbus to manufacturing nacelle parts for its next-generation aircraft engine. The product Tenax™ prepreg can be molded at a lower temperature and in a shorter time than conventional prepregs for aircraft applications.
  • In April 2020, The BMW Group selected the SGL group to produce a glass fiber-based cover plate used on battery enclosures for future plug-in hybrid vehicle models. The company also supplied carbon fibers, textiles, and stacks for the BMW iNEXT model.


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1. Polymeric and Inorganic Fibers Market- Market Overview
    1.1 Definitions and Scope 
2. Polymeric and Inorganic Fibers Market - Executive Summary
    2.1 Key Trends by Type
    2.2 Key Trends by Fiber Type
    2.3 Key Trends by Application
    2.4 Key Trends by End-Use Industry
    2.5 Key Trends by Geography
3. Polymeric and Inorganic Fibers Market – Comparative analysis 
    3.1 Market Share Analysis- Major Companies
    3.2 Product Benchmarking- Major Companies
    3.3 Top 5 Financials Analysis
    3.4 Patent Analysis- Major Companies
    3.5 Pricing Analysis (ASPs will be provided)
4. Polymeric and Inorganic Fibers Market - Startup companies Scenario Premium Premium 
    4.1 Major startup company analysis:
        4.1.1 Investment
        4.1.2 Revenue
        4.1.3 Product portfolio
        4.1.4 Venture Capital and Funding Scenario
5. Polymeric and Inorganic Fibers Market – Industry Market Entry Scenario Premium Premium 
    5.1 Regulatory Framework Overview
    5.2 New Business and Ease of Doing Business Index
    5.3 Successful Venture Profiles
    5.4 Customer Analysis – Major companies
6. Polymeric and Inorganic Fibers Market - Market Forces
    6.1 Market Drivers
    6.2 Market Constraints
    6.3 Porters Five Force Model
        6.3.1 Bargaining Power of Suppliers
        6.3.2 Bargaining Powers of Buyers
        6.3.3 Threat of New Entrants
        6.3.4 Competitive Rivalry
        6.3.5 Threat of Substitutes 
7. Polymeric and Inorganic Fibers Market – Strategic Analysis
    7.1 Value/Supply Chain Analysis
    7.2 Opportunity Analysis
    7.3 Product/Market Life Cycle
    7.4 Distributor Analysis – Major Companies 
8. Polymeric and Inorganic Fibers Market – By Type (Market Size -$Million/Billion)
    8.1 Inorganic Fibers
        8.1.1 Glass fiber
        8.1.2 Carbon Fiber
            8.1.2.1 PAN (Polyacrylonitrile)
            8.1.2.2 Pitch (Petroleum oil and coal)
        8.1.3 Metal Fiber
        8.1.4 Boron Fiber
        8.1.5 Silica Carbide Fiber
        8.1.6 Ceramic Fiber
        8.1.7 Others
    8.2 Polymer Fibers
        8.2.1 Polyamide nylon
        8.2.2 PET or PBT polyester
        8.2.3 Phenol-formaldehyde (PF)
        8.2.4 Polyvinyl chloride fiber (PVC) vinyon
        8.2.5 Polyolefins (PP and PE) olefin fiber
        8.2.6 Acrylic polyesters
        8.2.7 Others
9. Polymeric and Inorganic Fibers Market – By Fiber Type (Market Size -$Million/Billion)
    9.1 Continuous fiber
    9.2 Long fiber
    9.3 Short fiber
10. Polymeric and Inorganic Fibers Market – By Application (Market Size -$Million/Billion)
    10.1 Garments
    10.2 Conveyer belts 
    10.3 Insulating cables
    10.4 Helmets
    10.5 Engine compartment
    10.6 Gasket lining 
    10.7 Brake pads
    10.8 Wings
    10.9 Tires
    10.10 Microelectrodes
    10.11 Catalysis
    10.12 Gas Turbine
    10.13 Others
11. Polymeric and Inorganic Fibers Market – By End-use Industry (Market Size -$Million/Billion)
    11.1 Automotive
        11.1.1 Passenger Cars
        11.1.2 Light Weight Commercial Vehicles
        11.1.3 Heavy Commercial Vehicles
    11.2 Construction
        11.2.1 Residential Construction
        11.2.2 Commercial Construction
    11.3 Aerospace & Defense
        11.3.1 Commercial Aircraft
        11.3.2 Regional Jets
        11.3.3 General Aviation
        11.3.4 Rotorcraft
        11.3.5 Defense Aircraft
        11.3.6 Other
    11.4 Medical
    11.5 Textile
    11.6 Wind Energy
    11.7 Marine
        11.7.1 Yachts
        11.7.2 Catamarans
        11.7.3 Racing Boats
    11.8 Consumer Goods
    11.9 Electrical & Electronics
    11.10 Oil & Gas
    11.11 Sporting Goods
    11.12 Others
12. Polymeric and Inorganic Fibers Market - By Geography (Market Size -$Million/Billion)
    12.1 North America
        12.1.1 USA
        12.1.2 Canada
        12.1.3 Mexico
    12.2 Europe
        12.2.1 UK
        12.2.2 Germany
        12.2.3 Italy
        12.2.4 France
        12.2.5 Netherlands
        12.2.6 Belgium
        12.2.7 Spain
        12.2.8 Denmark
        12.2.9 Rest of Europe
    12.3 Asia-Pacific
        12.3.1 China
        12.3.2 Japan
        12.3.3 South Korea
        12.3.4 India
        12.3.5 Australia and New Zeeland
        12.3.6 Indonesia
        12.3.7 Taiwan
        12.3.8 Malaysia
        12.3.9 Rest of APAC
    12.4 South America
        12.4.1 Brazil
        12.4.2 Argentina
        12.4.3 Colombia
        12.4.4 Chile
        12.4.5 Rest of South America
    12.5 Rest of the World
        12.5.1 Middle East
            12.5.1.1 Saudi Arabia
            12.5.1.2 UAE
            12.5.1.3 Israel
            12.5.1.4 Rest of the Middle East
        12.5.2 Africa
            12.5.2.1 South Africa
            12.5.2.2 Nigeria
            12.5.2.3 Rest of Africa
13. Polymeric and Inorganic Fibers Market – Entropy
    13.1 New Product Launches
    13.2 M&As, Collaborations, JVs and Partnerships
14. Polymeric and Inorganic Fibers Market Matrix – Industry/Segment Competition Landscape Premium 
    14.1 Company Benchmarking – Major Companies
    14.2 Market Share at Global Level - Major companies
    14.3 Market Share by Key Region - Major companies
    14.4 Market Share by Key Country - Major companies
    14.5 Market Share by Key Application - Major companies
    14.6 Market Share by Key Product Type/Product category - Major companies
15. Polymeric and Inorganic Fibers Market – Key Company List by Country Premium Premium 
16. Polymeric and Inorganic Fibers Market Company Analysis - Business Overview, Product Portfolio, Financials, and Developments
    16.1 Company 1
    16.2 Company 2
    16.3 Company 3
    16.4 Company 4
    16.5 Company 5
    16.6 Company 6
    16.7 Company 7
    16.8 Company 8
    16.9 Company 9
    16.10 Company 10 and more
    "*Financials would be provided on a best efforts basis for private companies"