The Global Synthetic Rope Market to Grow at 6.4% CAGR during 2016-2021

The Global Synthetic Rope Market: Highlights

Synthetic rope offers many advantages over steel rope, such as higher corrosion resistance, fatigue resistance, weather and chemical resistance, and light weighting. It is widely preferred in the many industries, such as marine & fishing, mining, oil & gas, building & construction, and sports industry. It has been continuously gaining market acceptance over the last few decades by replacing steel ropes. Synthetic rope is about one seventh of the weight of similar sized wire rope.

The global synthetic rope market offers a healthy growth opportunity and is likely to experience 6.4% CAGR during the forecast period of 2016 to 2021. Marine & Fishing segment is likely to remain the growth engine of the synthetic rope market during the forecast period.  Synthetic ropes provide excellent corrosion and abrasion resistance and light weighting in the wide array of marine & fishing applications, such as mooning lines, towing lines, hoisting lines.

Global Synthetic Rope Market by Region:

North America is expected to remain the largest market for synthetic rope in the next five years. Excellent distribution network across North America region, high marine & fishing activities, high offshore oil & gas activities are the prime drivers of the North American synthetic rope market.

The key synthetic rope manufactures are WireCo Worldgroup Inc., Cortland Limited, Marlow Ropes, Samson Ropes Technologies, and Bridon International. New product development and regional expansion are the key strategies adopted by the key players to gain competitive edge in the market.

 

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Global Synthetic Graphite Market – Latest Trends, Forecast, and Opportunity Analysis

The Global Synthetic Graphite Market- Highlights

Synthetic graphite, also called as artificial graphite, is a man-made substance manufactured by the high temperature treatment (2,500 to 3,000 degree Celsius) of amorphous carbon materials. It is manufactured by calcination and subsequent graphitization of petroleum coke and can achieve purity of 99.9% carbon. The types of amorphous carbon used as precursors to graphite are many, and can be derived from petroleum, coal, or natural and synthetic organic materials. Synthetic graphite holds major share in the pie of the global graphite market.

Synthetic Graphite Market- Insights by form

Synthetic graphite has four principal types; electrode, block, powder, and fiber. The largest type of the synthetic graphite is graphite electrode that is predominately used in the electric arc furnaces for melting steel & iron and producing alloys.

Synthetic graphite blocks are also man-made products and are made using petroleum coke. Blocks are produced from isostatic, extruded, die molded, and vibration molded process. All these processes offer distinctive benefits and are used for producing graphite for different applications. Synthetic blocks are used in the large variety of applications ranging from polysilicon production for photovoltaic industry to high temperature reactors in nuclear industry.

Synthetic graphite powder is a low cost material because it’s a by-product. It is used in applications, such as brake linings, lubricants and carbon brush. Synthetic graphite powder is generally a result of the granular graphite or graphite dust gathered during machining electrodes and blocks.

Synthetic Graphite Market- Insights by End Industry Type

Carbon fiber is considered as an advanced fiber type and is used in many industries including aerospace and defense and automotive industry.High specific strength, lightweight, good fatigue strength, and excellent corrosion resistance make it a preferred material in the high performance applications. High focus on fuel efficiency, low carbon emission, weight reduction, comfort and passenger safety, and government regulations, such as CAFÉ standards are driving the increasing penetration of carbon composite structures in aerospace & defense, automotive, and wind energy segments. Carbon fiber is likely to experience double digit growth in the next five years. Carbon fiber market players are continuously working on the development of alternative precursors and efficient manufacturing processes with the aim to reduce the carbon fiber price. The target carbon fiber price is about $5 per pound for usage in the mass production applications.Graphite electrodes are the largest application of synthetic graphite and is expected to remain the largest application in the next five years.

Synthetic Graphite Market- Insights by Region Type

Asia-Pacific region is the major consumer of the graphite electrode driven by rising demand for steel and other metals, mainly in China and India.

Battery is currently the hot topic in the graphite market. Battery is an application where both natural and synthetic graphite are used and truly compete with each other. There will be a continuous shift in graphite market away from amorphous natural graphite towards flake and synthetic graphite as emerging applications like batteries typically require large flake and high-purity grades.

The global synthetic graphite market offers a good growth opportunity during the forecast period of 2017 to 2022. Carbon fiber and synthetic blocks are expected to experience the fastest growth in the next five years driven by increasing penetration of carbon composites in aerospace and automotive industries and double digit growth of lithium-ion batteries in the electric vehicles.

Graphite electrode is expected to remain the largest application of the synthetic graphite in the next five years. Increasing use of electric arc furnaces for producing steel across the world is expected to drive sales of graphite electrodes.

The key synthetic graphite manufacturers globally are SGL Carbon SE, GrafTech International Holdings Inc, Mersen Group, Nippon Graphite Industries, Tokai Carbon Co., Toray Industries, Toho Tenax, Toyo Tanso, Mitsubishi Rayon Co., Baofeng Five-star Graphite, IBIDEN CO, Showa Denko K.K., and Graphite India. New product development, collaboration with customers, and long term contacts are the key strategies adopted by the key players to gain competitive edge in the market.

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Global Metal Coated Fiber Market to Grow at 7.7% CAGR during 2017-2022.

The Global Metal Coated Fiber Market: Highlights

Metal coated fibers use pure metals of nickel, copper, aluminum, and gold to have higher temperature resistance, better conductivity, and higher strength than polymer coated fibers. Polymer coated fibers can operate at temperatures of up to 300 degrees Celsius, whereas metal coated fibers can withstand temperatures of up to 700 degrees Celsius for short periods or 500 degrees Celsius for longer periods.

The global metal coated fiber market is projected to grow at an impressive CAGR of 7.7% over the next five years to reach US$ 50.1 million in 2022. Nickel coated and copper-nickel coated fiber types will continue to dominate the market over the next five years.

Metal Coated Fiber- Insights by Application Type

In terms of applications, EMI shielding is expected to drive the metal coated fiber market during the forecast period. North America is expected to remain the largest market for metal coated fibers during the forecast period.

Key metal coated fiber manufacturers globally are Technical Fibre Products, Toho Tenax, Hollingsworth & Vose Company, and Carlisle Interconnect Technologies. New product development, collaboration with customers, and long term contacts are the key strategies adopted by the major players to gain a competitive edge in the market

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Global High Performance Glass Fiber Market to Reach US$ 390.6 million in 2023

The High-Performance Glass Fiber Market: Highlights

The global high-performance glass fiber market offers a healthy growth opportunity over the next five years and will reach an estimated value of US$ 390.6 million in 2023. High specific strength and modulus than E-glass fiber and lower cost than other advanced fibers, such as carbon fiber make it a preferred material for high-performance applications. Increasing automotive production and aircraft deliveries, and increasing high-performance fiber penetration in performance-driven applications, such as helicopter blade and ballistic armor, are the key growth drivers of the high-performance glass fiber market.

High-performance fibers were developed for military applications during 1960’s and are known by various names, such as S-glass in the USA, R-glass in Europe, and T-glass in Japan. It has a tensile strength of approximately 700 KSI and tensile modulus of up to 14 MSI. High-performance glass fiber is 40% to 70% stronger than E-glass fiber due to higher silica oxide, aluminum oxide, and magnesium oxide content than E-glass fiber. The usage of high-performance glass fibers is in very niche applications in aerospace & defense, automotive, sporting goods, wind energy, and other industries.

High Performance Glass Fiber Market – Insights by End User Type

The high-performance glass fiber market is segmented based on the end-use industry type as Aerospace & Defense, Sporting Goods, Automotive, Wind Energy, Electrical & Electronics, and Others. Aerospace & Defense is projected to remain the largest segment during the forecast period, propelled by increasing production rates of key composites rich aircraft, such as B787 and A350XWB; upcoming commercial and regional aircraft; and increasing production of military vehicles. The automotive segment is likely to exhibit the highest growth over the next five years. The prime growth driver of the market is the increasing penetration of advanced composites in the structural section of vehicles with the purpose to make the vehicle lightweight to achieve the stringent government regulations, such as CAFÉ standards.

High Performance Glass Fiber Market- Insights by Region

Based on the regions, North America is projected to remain the largest market for high-performance glass fiber over the next five years. The region is the manufacturing hub of the aerospace & defense industry with the presence of several small- to large-sized OEMs, tier players, and high-performance glass fiber manufacturers. High-performance glass fiber market in Asia-Pacific is relatively smaller but is likely to witness the highest growth during the forecast period. Upcoming commercial & regional aircraft, increasing defense spending, the highest automotive production, the highest wind turbine installations, and the highest PCB production are the major growth drivers of the Asia-Pacific’s market.

The global high-performance glass fiber market is highly consolidated with the presence of less than a dozen players. The key high-performance glass fiber manufacturers are AGY Holdings, Owens Corning Corporation, CPIC Fiberglass, Nittobo, and 3B Fibreglass. New product development, collaboration with customers, and long-term contracts are the key strategies adopted by the major players to gain a competitive edge in the market.

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High Performance Fiber Market – Industry Analysis,Forecast, and Growth Opportunity.

The Global High Performance Fiber Market: Highlights

The demand of lightweight products at superior strength is the core requirement in the high performance industries, such as aerospace and defense. Similarly, the strict government regulations in the automotive industry, such as CAFÉ standard are putting pressure on OEMs to curb the overall vehicle weight to achieve high fuel efficiency and reduce carbon emission. These are some of the factors compelling OEMs to develop products leveraging high performance fibers in the structural applications, such as aircraft fuselage & wings, automotive monocoque, wind blades, and ballistic armor. High performance fibers include carbon fiber (PAN and Pitch), aramid fiber (Meta and Para), S-glass fiber, Polybenzimidazole (PBI) Fiber, High-Strength PE Fiber, Boron fiber, and Polyphenylene sulfide (PPS) Fiber.

 

The high performance fiber market offers a healthy growth opportunity and is likely to grow at a 9.2% CAGR during the forecast period of 2016 to 2021. Carbon fiber is likely to drive the global high performance fibers market mainly driven by increasing penetration in the automotive, aerospace & defense, and wind energy segments. High impact resistance, high specific strength and modulus, excellent corrosion resistance and fatigue resistance are the major drivers of high performance fibers market.

 

 Global High Performance Fiber Market – By End Use Industry  

Aerospace and defense is expected to remain dominant and one of the fastest growing segments in the high performance fibers market during the forecast period. North America is expected to remain the largest market for high performance fibers during the forecast period.

 

The supply chain of this market comprises raw material manufacturers, fiber manufacturers, distributors, part fabricators, and OEMs.  Some of part fabricators are GKN Aerospace, Spirit Aerosystem, Tecsis, Mubea Carbo Tech, and Hexagon composites and key OEMs are Airbus, Boeing, Northrup Grumman, Bombardier, Vestas, General Motors, BMW, and Ford.

The key high performance fiber manufactures are Toray Industries, Teijin Industries, DuPont, Royal DSM, AGY Holdings, Owens Corning, and 3B Fiberglass. New product development, new optimized manufacturing process development, collaboration with customers, and long term contacts are the key strategies adopted by the key players to gain competitive edge in the market.

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