Fiber Intermediates Market
Fiber Intermediates Market
Fiber Intermediates Market driven by the Industrialization of developing economies.
Fiber Intermediates Market is the market of carbon fiber or carbon fibre. The carbon fiber manufacturing process consists of processing of the carbon composites from petro industries to form a large range of products. Carbon fiber properties make it a versatile product for end use in various sectors.
Asia-Pacific is the largest consumer of polyester across the world where fiber intermediates are the major raw materials in polyester manufacturing. Polyester market is expected to grow with a CAGR of around 10% till 2020, and hence the fiber intermediates market is expected to grow parallelly during the forecast period.
China, South Korea, Japan and India are the major countries which produce fiber intermediates. It is estimated that Global demand for caprolactam and acrylonitrile shall grow by approximately 3% each year in the coming period. The highest growth in Fiber Intermediates Market of all regions i.e. up to 6% per year is estimated in China until 2020.
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The demand for the US and Europe is expected to remain relatively stable. The demand for polyvinyl chloride (PVC) increased in previous year, thus it is expected to see a relative growth in upcoming term suggests IndustryARC market research report on Fiber Intermediates Market.
Fiber Intermediates Market research report by IndustryARC is segmented into various categories for a detailed study analysis such as by type of Fiber Intermediates and by application of carbon fibers.
By type: paraxylene, caprolactam, orthoxylene, acrylonitrile, toluene, polyethylene, ethylene glycol (monoethylene glycol, diethylene glycol) and others (polyethylene terephthalate [PET], Dimethyl terephthalate [DMT], polyacrylonitrile)
By application: fabrics (polyester, nylon and spandex fibers), antifreezes, detergents, paints, polyurethane resins, bactericides (disinfectants, antiseptics, antibiotics) and others (bottles, non-food packaging, cards [plastic, paper], inflatable products, pipe)
In Fiber Intermediates Market for production APAC is the dominant region while the demand of the product is global, more prominent in North America. APAC region is closely following to be leading in consumption of the fiber intermediates product.
Fiber Intermediates Market has many companies that are involved in carbon fiber
some of them are listed as follows:
· Koninklinjke DSM N.V.
· BASF SE
· Reliance Industries Limited
· DOW chemical company
Fiber Intermediates Market is evidently a growing market with variety of applications in a vast group of end user companies. Upcoming term for this market is profitable for investment if we consider the pace this industry is growing with and the impact is reflected on other end user industries.
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