Market Overview:
The global chopped fiber market is expected to grow at a CAGR of 5.5% during the forecast period from 2018 to 2030. The market growth can be attributed to the increasing demand for chopped fiber in various applications such as automotive, wind energy, civil engineering, and others. Additionally, the growing construction industry is also fueling the demand for chopped fiber globally. The global chopped fiber market by type is segmented into 3-10mm, 10-17mm, and 17-24mm segments. The 10-17mm segment is expected to hold the largest share of the global chopped fiber market during the forecast period owing to its high usage in various applications such as automotive and wind energy.
Product Definition:
A chopped fiber is a type of synthetic fiber that is produced by chopping continuous filament fibers into short lengths. This type of fiber has a high bulk density and can be used to produce insulation, batting, and other products.
3-10mm:
3-10mm is the range of fiber optic cables. It’s a type of optical fiber cable that has a core diameter ranging from 3 to 10 microns and an overall thickness ranging from 0.1 to 2 millimeters. The light travels through this cable at a speed of 300mb/s, which makes it suitable for short-distance transmissions such as local network connections, internet service provider networks and so on.
10-17mm:
10-17mm is a type of Chopped Fiber (CF) which has a circular cross-section and is used in various applications. It can be used as an alternative to asbestos for insulation or as binding material in composite materials. 10-17mm CF offers high thermal efficiency, tensile strength, low elongation and compression set when compared to common fiber types such as perlite or cellulose.
Application Insights:
The automotive application segment led the global chopped fiber market in 2017 and is projected to expand at a revenue-based CAGR of XX% over the forecast period. The product is widely used in various automotive applications including powertrain, transmission, exhaust systems, fuel system and others.
Automotive manufacturers are focusing on reducing vehicle weight as it results in better fuel economy and reduced emissions along with improved performance characteristics for a given vehicle speed range. Chopped fibers help reduce overall vehicle weight while improving aerodynamics through reduction of unsprung mass due to their high density compared to conventional materials such as metal or plastic components.
Regional Analysis:
Asia Pacific dominated the global chopped fiber market in 2016 and is expected to continue its dominance over the next eight years. The region accounts for a major share of global automotive production, which has led to an increased demand for fibers from various applications such as interior materials, exterior materials, and others.
The growing wind energy generation capacity in China and India is expected to drive the demand for ropes made of chopped fibers from other applications such as marine ropeage and fishing nets. Increasing civil engineering projects across Asia Pacific countries are also anticipated to fuel product demand owing to their superior properties including high strength with low weight as comparedto steel cables of same length.
Growth Factors:
- Increasing awareness about the health benefits of Chopped Fiber among consumers.
- Rising demand for healthy and nutritious food products among health-conscious consumers.
- Growing popularity of chopped fiber as a weight loss ingredient among dieters and fitness enthusiasts.
- Increasing use of chopped fiber in functional foods and dietary supplements due to its various health benefits.
- Growing demand for organic Chopped Fiber products from consumers looking for healthier alternatives
Scope Of The Report
Report Attributes
Report Details
Report Title
Chopped Fiber Market Research Report
By Type
3-10mm, 10-17mm, 17-24mm
By Application
Automotive, Wind Energy, Civil Engineering, Others
By Companies
Hexcel Corporation, Zoltek, M, Owens Corning, SGL Group, Sudaglass, Toho Tenax Europe GmbH, Vetrotex, SGL Carbon, Nippon Graphite Fiber Corporation
Regions Covered
North America, Europe, APAC, Latin America, MEA
Base Year
2021
Historical Year
2019 to 2020 (Data from 2010 can be provided as per availability)
Forecast Year
2030
Number of Pages
151
Number of Tables & Figures
106
Customization Available
Yes, the report can be customized as per your need.
Global Chopped Fiber Market Report Segments:
The global Chopped Fiber market is segmented on the basis of:
Types
3-10mm, 10-17mm, 17-24mm
The product segment provides information about the market share of each product and the respective CAGR during the forecast period. It lays out information about the product pricing parameters, trends, and profits that provides in-depth insights of the market. Furthermore, it discusses latest product developments & innovation in the market.
Applications
Automotive, Wind Energy, Civil Engineering, Others
The application segment fragments various applications of the product and provides information on the market share and growth rate of each application segment. It discusses the potential future applications of the products and driving and restraining factors of each application segment.
Some of the companies that are profiled in this report are:
- Hexcel Corporation
- Zoltek
- M
- Owens Corning
- SGL Group
- Sudaglass
- Toho Tenax Europe GmbH
- Vetrotex
- SGL Carbon
- Nippon Graphite Fiber Corporation
Highlights of The Chopped Fiber Market Report:
- The market structure and projections for the coming years.
- Drivers, restraints, opportunities, and current trends of market.
- Historical data and forecast.
- Estimations for the forecast period 2030.
- Developments and trends in the market.
- By Type:
- 3-10mm
- 10-17mm
- 17-24mm
- By Application:
- Automotive
- Wind Energy
- Civil Engineering
- Others
- Market scenario by region, sub-region, and country.
- Market share of the market players, company profiles, product specifications, SWOT analysis, and competitive landscape.
- Analysis regarding upstream raw materials, downstream demand, and current market dynamics.
- Government Policies, Macro & Micro economic factors are also included in the report.
We have studied the Chopped Fiber Market in 360 degrees via. both primary & secondary research methodologies. This helped us in building an understanding of the current market dynamics, supply-demand gap, pricing trends, product preferences, consumer patterns & so on. The findings were further validated through primary research with industry experts & opinion leaders across countries. The data is further compiled & validated through various market estimation & data validation methodologies. Further, we also have our in-house data forecasting model to predict market growth up to 2030.
Regional Analysis
- North America
- Europe
- Asia Pacific
- Middle East & Africa
- Latin America
Note: A country of choice can be added in the report at no extra cost. If more than one country needs to be added, the research quote will vary accordingly.
The geographical analysis part of the report provides information about the product sales in terms of volume and revenue in regions. It lays out potential opportunities for the new entrants, emerging players, and major players in the region. The regional analysis is done after considering the socio-economic factors and government regulations of the countries in the regions.
How you may use our products:
- Correctly Positioning New Products
- Market Entry Strategies
- Business Expansion Strategies
- Consumer Insights
- Understanding Competition Scenario
- Product & Brand Management
- Channel & Customer Management
- Identifying Appropriate Advertising Appeals
8 Reasons to Buy This Report
- Includes a Chapter on the Impact of COVID-19 Pandemic On the Market
- Report Prepared After Conducting Interviews with Industry Experts & Top Designates of the Companies in the Market
- Implemented Robust Methodology to Prepare the Report
- Includes Graphs, Statistics, Flowcharts, and Infographics to Save Time
- Industry Growth Insights Provides 24/5 Assistance Regarding the Doubts in the Report
- Provides Information About the Top-winning Strategies Implemented by Industry Players.
- In-depth Insights On the Market Drivers, Restraints, Opportunities, and Threats
- Customization of the Report Available
Frequently Asked Questions?
Chopped fiber is a type of fiber that has been chopped into small pieces. It is often used to add texture and bulk to foods.
Some of the major players in the chopped fiber market are Hexcel Corporation, Zoltek, M, Owens Corning, SGL Group, Sudaglass, Toho Tenax Europe GmbH, Vetrotex, SGL Carbon, Nippon Graphite Fiber Corporation.
The chopped fiber market is expected to grow at a compound annual growth rate of 5.5%.
Chapter 1 Executive Summary
Chapter 2 Assumptions and Acronyms Used
Chapter 3 Research Methodology
Chapter 4 Chopped Fiber Market Overview
4.1 Introduction
4.1.1 Market Taxonomy
4.1.2 Market Definition
4.1.3 Macro-Economic Factors Impacting the Market Growth
4.2 Chopped Fiber Market Dynamics
4.2.1 Market Drivers
4.2.2 Market Restraints
4.2.3 Market Opportunity
4.3 Chopped Fiber Market - Supply Chain Analysis
4.3.1 List of Key Suppliers
4.3.2 List of Key Distributors
4.3.3 List of Key Consumers
4.4 Key Forces Shaping the Chopped Fiber Market
4.4.1 Bargaining Power of Suppliers
4.4.2 Bargaining Power of Buyers
4.4.3 Threat of Substitution
4.4.4 Threat of New Entrants
4.4.5 Competitive Rivalry
4.5 Global Chopped Fiber Market Size & Forecast, 2020-2028
4.5.1 Chopped Fiber Market Size and Y-o-Y Growth
4.5.2 Chopped Fiber Market Absolute $ Opportunity
Chapter 5 Global Market Analysis and Forecast by Type
5.1 Introduction
5.1.1 Key Market Trends & Growth Opportunities by Type
5.1.2 Basis Point Share (BPS) Analysis by Type
5.1.3 Absolute $ Opportunity Assessment by Type
5.2 Market Size Forecast by Type
5.2.1 3-10mm
5.2.2 10-17mm
5.2.3 17-24mm
5.3 Market Attractiveness Analysis by Type
Chapter 6 Global Market Analysis and Forecast by Applications
6.1 Introduction
6.1.1 Key Market Trends & Growth Opportunities by Applications
6.1.2 Basis Point Share (BPS) Analysis by Applications
6.1.3 Absolute $ Opportunity Assessment by Applications
6.2 Market Size Forecast by Applications
6.2.1 Automotive
6.2.2 Wind Energy
6.2.3 Civil Engineering
6.2.4 Others
6.3 Market Attractiveness Analysis by Applications
Chapter 7 Global Chopped Fiber Market Analysis and Forecast by Region
7.1 Introduction
7.1.1 Key Market Trends & Growth Opportunities by Region
7.1.2 Basis Point Share (BPS) Analysis by Region
7.1.3 Absolute $ Opportunity Assessment by Region
7.2 Chopped Fiber Market Size Forecast by Region
7.2.1 North America
7.2.2 Europe
7.2.3 Asia Pacific
7.2.4 Latin America
7.2.5 Middle East & Africa (MEA)
7.3 Market Attractiveness Analysis by Region
Chapter 8 Coronavirus Disease (COVID-19) Impact
8.1 Introduction
8.2 Current & Future Impact Analysis
8.3 Economic Impact Analysis
8.4 Government Policies
8.5 Investment Scenario
Chapter 9 North America Analysis and Forecast
9.1 Introduction
9.2 North America Market Size Forecast by Country
9.2.1 U.S.
9.2.2 Canada
9.3 Basis Point Share (BPS) Analysis by Country
9.4 Absolute $ Opportunity Assessment by Country
9.5 Market Attractiveness Analysis by Country
9.6 North America Market Size Forecast by Type
9.6.1 3-10mm
9.6.2 10-17mm
9.6.3 17-24mm
9.7 Basis Point Share (BPS) Analysis by Type
9.8 Absolute $ Opportunity Assessment by Type
9.9 Market Attractiveness Analysis by Type
9.10 North America Market Size Forecast by Applications
9.10.1 Automotive
9.10.2 Wind Energy
9.10.3 Civil Engineering
9.10.4 Others
9.11 Basis Point Share (BPS) Analysis by Applications
9.12 Absolute $ Opportunity Assessment by Applications
9.13 Market Attractiveness Analysis by Applications
Chapter 10 Europe Analysis and Forecast
10.1 Introduction
10.2 Europe Market Size Forecast by Country
10.2.1 Germany
10.2.2 France
10.2.3 Italy
10.2.4 U.K.
10.2.5 Spain
10.2.6 Russia
10.2.7 Rest of Europe
10.3 Basis Point Share (BPS) Analysis by Country
10.4 Absolute $ Opportunity Assessment by Country
10.5 Market Attractiveness Analysis by Country
10.6 Europe Market Size Forecast by Type
10.6.1 3-10mm
10.6.2 10-17mm
10.6.3 17-24mm
10.7 Basis Point Share (BPS) Analysis by Type
10.8 Absolute $ Opportunity Assessment by Type
10.9 Market Attractiveness Analysis by Type
10.10 Europe Market Size Forecast by Applications
10.10.1 Automotive
10.10.2 Wind Energy
10.10.3 Civil Engineering
10.10.4 Others
10.11 Basis Point Share (BPS) Analysis by Applications
10.12 Absolute $ Opportunity Assessment by Applications
10.13 Market Attractiveness Analysis by Applications
Chapter 11 Asia Pacific Analysis and Forecast
11.1 Introduction
11.2 Asia Pacific Market Size Forecast by Country
11.2.1 China
11.2.2 Japan
11.2.3 South Korea
11.2.4 India
11.2.5 Australia
11.2.6 South East Asia (SEA)
11.2.7 Rest of Asia Pacific (APAC)
11.3 Basis Point Share (BPS) Analysis by Country
11.4 Absolute $ Opportunity Assessment by Country
11.5 Market Attractiveness Analysis by Country
11.6 Asia Pacific Market Size Forecast by Type
11.6.1 3-10mm
11.6.2 10-17mm
11.6.3 17-24mm
11.7 Basis Point Share (BPS) Analysis by Type
11.8 Absolute $ Opportunity Assessment by Type
11.9 Market Attractiveness Analysis by Type
11.10 Asia Pacific Market Size Forecast by Applications
11.10.1 Automotive
11.10.2 Wind Energy
11.10.3 Civil Engineering
11.10.4 Others
11.11 Basis Point Share (BPS) Analysis by Applications
11.12 Absolute $ Opportunity Assessment by Applications
11.13 Market Attractiveness Analysis by Applications
Chapter 12 Latin America Analysis and Forecast
12.1 Introduction
12.2 Latin America Market Size Forecast by Country
12.2.1 Brazil
12.2.2 Mexico
12.2.3 Rest of Latin America (LATAM)
12.3 Basis Point Share (BPS) Analysis by Country
12.4 Absolute $ Opportunity Assessment by Country
12.5 Market Attractiveness Analysis by Country
12.6 Latin America Market Size Forecast by Type
12.6.1 3-10mm
12.6.2 10-17mm
12.6.3 17-24mm
12.7 Basis Point Share (BPS) Analysis by Type
12.8 Absolute $ Opportunity Assessment by Type
12.9 Market Attractiveness Analysis by Type
12.10 Latin America Market Size Forecast by Applications
12.10.1 Automotive
12.10.2 Wind Energy
12.10.3 Civil Engineering
12.10.4 Others
12.11 Basis Point Share (BPS) Analysis by Applications
12.12 Absolute $ Opportunity Assessment by Applications
12.13 Market Attractiveness Analysis by Applications
Chapter 13 Middle East & Africa (MEA) Analysis and Forecast
13.1 Introduction
13.2 Middle East & Africa (MEA) Market Size Forecast by Country
13.2.1 Saudi Arabia
13.2.2 South Africa
13.2.3 UAE
13.2.4 Rest of Middle East & Africa (MEA)
13.3 Basis Point Share (BPS) Analysis by Country
13.4 Absolute $ Opportunity Assessment by Country
13.5 Market Attractiveness Analysis by Country
13.6 Middle East & Africa (MEA) Market Size Forecast by Type
13.6.1 3-10mm
13.6.2 10-17mm
13.6.3 17-24mm
13.7 Basis Point Share (BPS) Analysis by Type
13.8 Absolute $ Opportunity Assessment by Type
13.9 Market Attractiveness Analysis by Type
13.10 Middle East & Africa (MEA) Market Size Forecast by Applications
13.10.1 Automotive
13.10.2 Wind Energy
13.10.3 Civil Engineering
13.10.4 Others
13.11 Basis Point Share (BPS) Analysis by Applications
13.12 Absolute $ Opportunity Assessment by Applications
13.13 Market Attractiveness Analysis by Applications
Chapter 14 Competition Landscape
14.1 Chopped Fiber Market: Competitive Dashboard
14.2 Global Chopped Fiber Market: Market Share Analysis, 2019
14.3 Company Profiles (Details – Overview, Financials, Developments, Strategy)
14.3.1 Hexcel Corporation
14.3.2 Zoltek
14.3.3 M
14.3.4 Owens Corning
14.3.5 SGL Group
14.3.6 Sudaglass
14.3.7 Toho Tenax Europe GmbH
14.3.8 Vetrotex
14.3.9 SGL Carbon
14.3.10 Nippon Graphite Fiber Corporation
