2018 Global Special Synthetic Fiber Plastic Market Value Will Exceed $20 Billion.

　　 famous Marketsand Markets, a market consultancy, recently published a forecast that the global market value of special synthetic fiber and glass fiber plastics will reach US $20 billion 100 million in 2018. Over the past 2014-2018 years, its market demand has been growing at a compound annual growth rate of 5.2%.

The report points out that in recent years, the market demand for special synthetic fiber and glass fiber plastics is increasing year by year. Thanks to its light weight, strong impact resistance and corrosion resistance, the above two materials are widely applied in aerospace, automobile production and other fields.

　　 market Analysts say that special synthetic fiber plastics such as aromatic polyamide and UHMW (ultra high molecular weight polyethylene) are ideal automotive plastics, which are very early in the field of automotive parts production. With the continuous improvement of people's concerns about military conflicts and civilian safety risks, the importance of missile protection has become increasingly prominent. This has also greatly promoted the market demand for special synthetic fiber and glass fiber plastic.

In order to reduce body weight and save fuel costs, carbon fiber reinforced plastics (CFR) has become the preferred material in aerospace field in recent years. In addition, transportation industry, especially automotive industry in the next few years, will also become the main driving force to promote the development of special synthetic fiber and glass fiber plastic market.

　　 Marketsand Markets In terms of geography, North America, Europe and the Asia Pacific region are the three major global synthetic fiber and glass fiber plastics markets.