Manmade and special fiber fabrics are materials made of various fibers, including but not limited to: glass fiber, Aramid Fiber, carbon fiber and many more. Designing and manufacturing products using these fabrics takes careful preparation and expertise.
In this news, we counted the mainstream of the manmade and special fiber fabrics market.
Due to COVID-19 pandemic, the global Manmade and Special Fiber Fabrics market size is estimated to be worth US$ 4850.7 million in 2021 and is forecast to a readjusted size of USD 9197 million by 2028 with a CAGR of 9.6% during forecast period 2022-2028.
At present, in developed countries, the Manmade and Special Fiber Fabrics industry is generally at a more advanced level. The world’s large enterprises are mainly concentrated in China, meanwhile, some of the companies have more advanced fabrics, strong R&D capability, and leading technical level. However, these companies’ manufacturing cost is relatively higher, compared with Chinese companies. With the development of Chinese Manmade and Special Fiber Fabrics production technology, their share in the international market is increasing, and competitiveness in the international market gradually increases.
The leading companies own the advantages on better performance, more abundant product’s types, better technical and impeccable after-sales service. Consequently, they take the majority of the market share of high-end market. As competition intensifies, prices gap between different brands will go narrowing. Similarly, there will be fluctuation in gross margin.
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