BCC Research Report States Global Market for Specialty Fibers Worth $9.2 Billion By 2012
Posted on: Wednesday, 5 December 2007, 12:00 CST
According to a new technical market research report, Specialty Fibers: Technologies and Global Markets (AVM060A) from BCC Research (www.bccresearch.com), the global market for specialty fibers is expected to be worth $5.6 billion in 2007. This is expected to increase to over $9.2 billion by 2012, a compound average annual growth rate (CAGR) of 10.5%.
The market is broken down into applications of carbon fibers, aramid fibers, partially oxidized polyacrylonitrile, polybenzimidazole, and other specialty fibers. Of these, aramid fibers have the largest share of the market. Valued at $3.2 billion in 2007, this segment is expected to be worth $5.1 billion by 2012, a CAGR of 9.8%.
The second largest segment, carbon fibers, was worth an estimated $1.4 billion in 2007 and will reach $2.5 billion by 2012, for a CAGR of 12.7%.
Most other specialty fibers are measured as fractions of these segments and include partially oxidized polyacrylonitrile, high-strength polyethylene, polybenzimidazole, polyphenylene sulfide, polyimide, polymideimide, and Novaloid fibers as well as various metal matrix composite fibers, boron, carbon-silicon carbide, and other ceramic fibers.
Markets for specialty fibers are primarily in the developed nations of North America, Western Europe, and Japan. Combined, these nations account for 76% of the global total. Although the rest of the world represents a 24% share, it is these emerging markets that will present the most dynamic opportunities during the next 5 years.
Indeed, progress has been rapid already. Composite and other products containing specialty fibers are a necessary material in any expanding economy. These fibers are ubiquitous in aircraft/aerospace, sporting goods, transportation, and machinery industries as well as for civil engineering projects.
TABLE
GLOBAL VALUE OF SPECIALTY FIBERS
THROUGH 2012
($ MILLIONS)
2005
2006
2007
2012
CAGR %
2007-2012
Carbon Fibers
910
1,134
1,384
2,516
12.7
Aramid Fibers
2,761
2,983
3,222
5,141
9.8
Partially-Oxidized
Polyacrylonitrile Fibers
82
90
96
144
8.6
High-Strength
Polyethylene Fibers
285
326
370
597
10.0
Polybenzimidazole Fibers
52
57
62
111
12.3
Other Advanced Fibers
346
393
431
663
9.0
Total Specialty Fibers
4,435
4,983
5,565
9,173
10.5
Source: BCC Research
Target Date: January 2008
Electronic PDF: $4850
Data and analysis extracted from this press release must be accompanied by a statement identifying BCC Research (www.bccresearch.com), 40 Washington Street, Suite 110, Wellesley, MA; Telephone: 866-285-7215, editor@bccresearch.com as the source and publisher, along with report number, which can be found immediately after the report title. Thank you.
Source: Business Wire
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