Global Inorganic Fiber Market 2019-2023

Some of the key findings from our inorganic fiber market forecast report are summarized below

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Global Inorganic Fiber Industry Overview

The popularity of additive manufacturing is growing as it helps in reducing the production cost by eliminating the tooling process and enhancing design flexibility. Composite materials made from glass fibers are preferred for use in tooling, electronics, and household appliances because of their high wear resistance, chemical resistance, strength, and stiffness. Carbon fiber is used to produce composites for 3D printing material which are used in the aerospace, healthcare, and automobile industries to instill strength and stiffness in prototypes, rigid tools, and production parts. The increasing use of inorganic fibers such as glass fiber and carbon fiber to produce composites for 3D printing filaments will be one of the critical inorganic fiber market trends driving the growth of the market.

Stringent fuel emission standards in several countries have boosted the demand for lightweight and fuel-efficient vehicles which have low carbon dioxide emissions. Hence, inorganic fibers such as carbon fiber, ceramic, and glass, are increasingly being used in the production of several automobile components, including gasket lining, engine compartment, and brake pads. Apart from exhibiting excellent strength, stiffness, durability, and corrosion resistance, inorganic fibers are also lightweight and offer high product design flexibility. The use of inorganic fibers to produce automobile components will significantly reduce the weight of the automobile, thereby enhancing its fuel efficiency. The rising preference for fuel-efficient vehicles will be a significant factor fueling inorganic fiber market growth at a CAGR of over 7% during the forecast period.

Top Inorganic Fiber Companies Covered in this Market Research Report

The global inorganic fiber market is fragmented. To help clients improve their market position, this report provides an analysis of the market’s competitive landscape and offers information on the products offered by various companies. Moreover, this inorganic fiber market analysis report also includes information on the upcoming trends and challenges that will influence market growth. This will help companies create strategies to make the most of the upcoming growth opportunities.

The report offers a detailed analysis of several leading inorganic fiber manufacturers, including:

• AWA Paper & Technological Co. Inc.  
• Kamenny Vek
• Nippon Electric Glass Co. Ltd.
• Owens Corning
• Ube Industries Ltd.

Inorganic Fiber Market Segmentation Based on Type

• Glass fiber
• Silicon carbide
• Boron
• Carbon fiber
• Others

The glass fiber market segment will account for the highest inorganic fiber market share. The growing demand for glass fiber reinforced plastics (GRP) from various industries is expected to fuel inorganic fiber market growth in this segment. This report provides an accurate prediction of the contribution of all the segments to the growth of the inorganic fiber market size.

Inorganic Fiber Market Segmentation Based on Geographic Region

• APAC
• Europe
• MEA
• North America
• South America

With a complete study of the growth opportunities for companies, it has been identified that North America will account for the highest share of the inorganic fiber market throughout the forecast period. The rising demand for inorganic fibers from end-user industries such as aerospace, construction, and automobile industries is one of the significant factors fueling the growth of the market in North America.

Key Highlights of the Global Inorganic Fiber Market Report for the Forecast Period 2019-2023

• CAGR of the market during the forecast period 2019-2023
• Detailed information on factors that will accelerate the growth of the inorganic fiber market during the next five years
• Precise estimation of the global inorganic fiber market size and its contribution to the parent market
• Accurate predictions on upcoming trends and changes in consumer behavior
• The growth of the inorganic fiber industry across APAC, Europe, MEA, North America, and South America
• A thorough analysis of the market’s competitive landscape and detailed information on several vendors
• Comprehensive details of factors that will challenge the growth of inorganic fiber companies  

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