According to a new market report published by
Lucintel, the future of the global fiber sizing market looks promising with opportunities
in glass, carbon, aramid, and natural fiber production. The global fiber sizing
market is expected to reach an estimated $687 million by 2024 with a CAGR
of 3.3% from 2019 to 2024. The major drivers for this market are increasing
demand for reinforced composite materials and the performance benefits of
sizing in fiber.
In this market, film formers, coupling agents,
and additives & modifiers are used to produce sizing formulation for glass,
carbon, aramid, and natural fibers. Lucintel forecasts that sizing for glass fiber will
remain the largest segment by value and volume. Sizing for carbon fiber is
expected to witness the highest growth over the forecast period due to
the growing
demand for carbon fiber in different end use industries.
Within the fiber sizing market, transportation
will remain the largest end use industry by value and volume. Wind Energy is expected
to witness the highest growth over the forecast period due to the growth in the
demand for lightweight and high performance materials.
By type of film former, phenoxy will remain
the largest segment by value and volume. PP based film former is expected to witness
the highest growth over the forecast period due to the increasing use of
thermoplastic composites.
Asia Pacific will
remain the largest market for fiber sizing due to the presence of major glass
and carbon fiber manufacturers in the region. ROW is expected to witness the
highest growth rate over the forecast period due to increasing demand for
composites.
An emerging trend, which has direct
impact on the dynamics of the industry, includes
development of sizing materials with low or no volatile organic compounds. Michelman,
Evonik, Covestro, Hexion, AOC Aliancys, Polymer Chemistry Innovation Inc., and COIM
are among
the major suppliers of fiber sizing materials.
Lucintel, a
leading global strategic consulting and market research firm, has analyzed
growth opportunities in the global fiber sizing market by fiber type, end use industry,
by component, film former type, and region, and has come up with a comprehensive research report entitled “Growth Opportunities in
the Global Fiber Sizing Market 2019-2024: Trends, Forecast, and Opportunity
Analysis.” The Lucintel report serves as a catalyst for growth strategies
as it provides a comprehensive data and analysis on trends, key drivers, and
directions. The study includes a forecast for the global fiber sizing market by fiber type, end use industry, component,
film former type, and region as follows:
By fiber type
[Volume (M lbs) and $M shipment analysis from 2013 to 2024]:
- Glass Fiber
- Carbon Fiber
- Others
By End Use
Industry [Volume (M lbs) and $M shipment analysis from 2013 to 2024]:
- Transportation
- Pipe & Tank
- Construction
- Electrical & Electronics
- Wind Energy
- Marine
- Consumer Goods
- Others
By Component [Volume
(M lbs) and $M shipment analysis from 2013 to 2024]:
- Film Formers
- Coupling Agents
- Additive & Modifiers
By Film
Former Type [Volume (M lbs) and $M shipment analysis from 2013 to 2024]:
- Phenoxy
- Epoxy
- Polyurethane
- Polyamide
- Polypropylene
- Others
By region
[Volume (M lbs) and $M shipment analysis from
2013 to 2024]:
- North America
- Europe
- APAC
- Rest of the World
This
210-page research report will enable you to make confident business decisions
in this globally competitive marketplace. For a detailed table of contents,
contact Lucintel at +1-972-636-5056 or helpdesk@lucintel.com. Lucintel
offerings include advanced
materials reports, composite
materials market report, strategic
growth consulting, market research due
diligence and business
strategy consulting.
About
Lucintel
Lucintel,
the premier global management consulting and market research firm, creates
winning strategies for growth. We offer market assessments, competitive
analysis, opportunity analysis, growth consulting, M&A, and due diligence
services to executives and key decision-makers in a variety of industries. For
further information, visit www.lucintel.com.
This report addresses the following key
questions:
Q. 1. What are
some of the most promising, high growth opportunities for the global fiber
sizing market by fiber (glass, carbon, others), end use industry (transportation,
pipe & tank, construction, electrical & electronics, wind energy,
marine, consumer goods, and others), component (film former, coupling agent, additive
& modifier), film former type (epoxy, phenoxy, polyamide, polyurethane,
polypropylene, others), and region (North America, Europe, APAC, and the Rest
of the World)?
Q.
2. Which products segments will grow at
a faster pace and why?
Q.
3. Which region will grow at a faster
pace and why?
Q.4. What are the key factors affecting market
dynamics? What are the drivers, challenges, and business risks in this market?
Q.5. What
are the business risks and competitive threats in this market?
Q.6. What
are the emerging trends in this market and reasons behind them?
Q.7. What
are some of the changing demands of customers in the market?
Q.8. Who
are the major players in this market? What strategic initiatives are being
taken by key companies for business growth?
Q.9. What
are some of the competing products in this market and how big of a threat do
they pose for loss of market share by product substitution?
Q. 10. What M&A activity has occurred in
the last 5 years?
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