REPORT OVERVIEW
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The global manmade and special fiber fabrics market size was expected to be USD 5072.7 million in 2022. As per our research, the market is projected to touch USD 8986.6 million by 2028, exhibiting a CAGR of 10% during the forecast period. The global COVID-19 pandemic has been unprecedented and staggering, with the manmade and special fiber fabrics market experiencing lower-than-anticipated demand across all regions compared to pre-pandemic levels. The sudden rise in CAGR is attributable to the market's growth and demand returning to pre-pandemic levels once the pandemic is over.
Fibres with chemical structures made of monomers that do not occur in nature are called manmade or special fibre fabrics. The greatest substitute for natural fibres is man-made fibre, which also has the best strength characteristics when compared to other man-made fibres. When compared to nylon, which has a wide range of uses including curtain lining, fibres like polypropylene are used to make carpets, ropes, and other products. Due to rising demand from the construction industry, the market for man-made and special fibre fabrics is anticipated to expand gradually. Increased use of these materials for insulation purposes will be the key factor driving this industry's growth. However, demand from the garment sector has been modest due to stiff competition from synthetic fibres, which provide a number of advantages such as comfort and durability. Furthermore, firms are increasingly focusing on emerging economies with low labour costs.
COVID-19 Impact: The Lockdown Forced People to Stay at Home and Hampered the Market
The infrastructure and consumer products industries are suffering greatly as a result of COVID-19. One of the most important factors that led to setbacks and compelled to stay at home was the lockdown. The manmade and special fiber fabrics market growth will likely go through a brief period of slow revenue development. Production activities across numerous industries have been affected by supply-chain disruptions brought on by this outbreak. Due to the cancellation of all events during the coronavirus pandemic, COVID-19 had a very detrimental effect on the market. As a result, during the epidemic, the demand for cosplay outfits drastically plummeted. Furthermore, it is expected that a surge in health consciousness would multiply the manmade and special fiber fabrics market share throughout the research time-frame.
LATEST TRENDS
"Rising Demand from Transportation to Propel the Market Share"
With the expansion of the country's economy comes a growth in transportation production and demand. Aerospace, maritime, automotive, and other industries are key players in the transportation industry. Synthetic fabrics are rapidly being employed in applications like as seat covers, belts and other items in various transportation industries. Additionally, rising demand for synthetic fibres such as polybenzimidazole fibre in aircraft wall textiles and other materials has increased demand for synthetic fabric. In recent years, increased production of transportation such as aircraft and automobiles has contributed to the manmade and special fiber fabrics market's positive expansion.
SEGMENTATION
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- By Type
Based on type; the market is divided into glass fiber fabric, carbon fiber fabric, aramid fiber fabric and others.
The part glass fiber fabric is the leading of the type segment.
- By Application
Based on the application; the market is divided into aerospace, automotive, electronics industrial, consumer products, medical and others.
The type aerospace is the leading part of the application segment.
DRIVING FACTORS
"The Extensive Utilization in Construction Industry to Bolster the Market Growth"
Because of their longevity, low flammability, and ease of maintenance, man-made fibres are employed in the building sector. They can be found in a variety of building materials such as roofing membranes, wall coverings, adhesives for floor tiles and carpet backing, to name a few. They are more environmentally friendly because they require less energy to create than traditional natural fibre items.
"Increasing Disposable Income and Ever Rising Clothing Industry to Boost Up the Market Growth"
The global market for manmade and special fiber fabrics is expanding rapidly as a result of rising consumer disposable income, shifting lifestyle and fashion trends, and increased urbanisation in developing countries. Manmade fibres are employed in the production of clothes that have a lower absorbency rate than cotton garments. Furthermore, there is a surge in demand for polyester-based clothing materials due to their high level of comfort during outdoor activities such as sports or exercises. Manufacturers are increasingly investing in product innovation by utilising new raw material combinations that provide better properties without sacrificing the benefits offered by other fibres such as superior moisture management or UV protection, etc., driving the growth of the manmade and special fiber fabrics industry over the forecast period.
RESTRAINING FACTORS
"Rising Environmental Effects to Hold Back the Market Growth"
Synthetic materials, like polyester, have a wider range of harmful effects on the environment. Every step of the polyester fabric's life cycle, from production to disposal, has an unfavourable effect on the environment. The same effect on the environment is also experienced by polyvinyl chloride. Both biodegradable and non-biodegradable, the substance takes decades to break down. Product shapes are maintained using PVC-based materials. Granulation is the only breakdown that takes place, and when animals consume it, it may suffocate their intestinal tracts, killing them. Environmental scientists are also worried about the pollution brought on by synthetic materials like polyester and polyvinyl chloride since they take so long to degrade fully. The use of synthetic materials like polyester and polyvinyl chloride is on the rise, which will have an increasing negative impact on the environment and provide challenges for the manmade and special fiber fabrics market's expansion.
REGIONAL INSIGHTS
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"North American Region to Lead the Market with Construction Activities on a Rage"
A rising demand from the construction industry is expected to fuel a steady increase in the market for manmade and special fibre fabrics worldwide. The rising usage of these materials for insulation purposes will be the key factor driving the manmade and special fiber fabrics industry's expansion. However, because of the fierce competition from synthetic fibres, which provide a number of advantages like comfort and durability, demand from the textile sector has lagged. Additionally, emerging nations with low labour costs are receiving more attention from manufacturers.
KEY INDUSTRY PLAYERS
"Prominent Industry Players in the Industry to Promote Market Expansion"
The market's expansion was significantly impacted by the techniques employed by market participants in recent years, such as extensions. The report covers details and information about the firms and their interactions with the market. Other considerations taken into account for this market are the businesses that develop and provide new products, the geographic areas in which they function, mechanization, innovation strategies, generating the maximum revenue, and using their products to make a significant difference.
List of Market Players Profiled
- Jushi (U.S.A)
- Kolon Industries (South Korea)
- CIT Composite Materials (Toray Industries) (Italy)
- Changzhou PGTEX (China)
- TAIWANGLASS (China)
- Teijin (Japan)
- Dupont (U.S.A)
- Johns Manville (Italy)
- Hexcel Corporation
- Hyosung (South Korea)
- Owens Corning (U.S.A)
- Weihai Guangwei (China)
- Fulltech Fiber Glass (China)
- Ahlstrom-Munksjö (Finland)
- DSM (The Netherlands)
- Mitsubishi Chemical Holdings Corporation (Japan).
REPORT COVERAGE
This report covers a comprehensive backdrop analysis, an assessment of the parent market, intensive study in the market dynamics. Past hhistorical, current, and projected size of the market from the point of both value and volume. Researching of recent industry developments, deep study on market shares and strategies of major players and the emerging niche segments and regional market areas are covered in the report.
| REPORT COVERAGE | DETAILS |
|---|---|
| Market Size Value In | US$ 5072.7 Million in 2022 |
| Market Size Value By | US$ 8986.6 Million by 2028 |
| Growth Rate | CAGR of 10% from 2022 to 2028 |
| Forecast Period | 2022-2028 |
| Base Year | 2021 |
| Historical Data Available | Yes |
| Segments Covered | Type and Application |
| Regional Scope | Global |
Frequently Asked Questions
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What value is the manmade and special fiber fabrics market expected to touch by 2028?
The global manmade and special fiber fabrics market is projected to touch USD 8986.6 million by 2028.
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What CAGR is the manmade and special fiber fabrics market expected to exhibit by 2028?
The manmade and special fiber fabrics market is expected to exhibit a CAGR of 10% by the forecasted year 2028.
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What are the driving factors of the manmade and special fiber fabrics market?
Increasing disposable income and ever rising clothing industry with the extensive utilization in the construction sector are the driving factors of manmade and special fiber fabrics market.
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Which are the top companies operating in the manmade and special fiber fabrics market?
Jushi, Kolon Industries, CIT Composite Materials (Toray Industries), Changzhou PGTEX, TAIWANGLASS, Teijin, Dupont, Johns Manville, Hexcel Corporation, Hyosung, Owens Corning, Weihai Guangwei, Fulltech Fiber Glass, Ahlstrom-Munksjö, DSM, Mitsubishi Chemical Holdings Corporation, Unifrax, ALLTE CLOTH CORPORATION, SGL Group, Sinofibers Technology, Shandong Glasstex and others.
