[December 2007]

BCC Research Report States Global Market for Specialty Fibers Worth $9.2 Billion

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.

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

CONTACT: BCC Research
Dawn Peters, 781-489-7301 x603
Fax: 781-489-7308
dawn.peters@bccresearch.com
or
Additional Releases:
www.bccresearch.com/press.htm

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