Bio-soluble Fiber Market Size to Grow by $ 1.56 bn through 2021-2025  

Technavio research projects the bio-soluble fiber market to grow by $ 1.56 bn, accelerating at a CAGR of almost 10% till 2025. The growth trajectory of the market is traced through a detailed analysis of the prevalent market forces, trends, and drivers along with competitive benchmarking View Free Sample Report

Bio-soluble Fiber Market: Key Market Driver

One of the primary factors that will trigger the growth of the bio-soluble fiber market size is Growing popularity of bio-soluble fiber in end-user industries. This research report provides a comprehensive analysis of all the factors that are likely to propel market growth, taking into account the market trends as well as challenges that are likely to impede growth. The objective of this research report is to equip clients with actionable insights that will help them leverage opportunities and formulate growth strategies for their business.

Bio-soluble Fiber Market: Vendor Analysis

The market is concentrated due to the presence of several players. The growth of the players depends on several factors such as market conditions, government support, and industry development. To survive and succeed in such an intensely competitive market, players must distinguish their product and service offerings through clear and unique value propositions. ALFISO, Beijing SUPER International Trade Co. Ltd., Calvo Sealing SL, Final Advanced Materials Sàrl, Grupo Nutec SA de CV, Ibiden Co. Ltd., PALLOTTA Spa, Tritex LLC, Unifrax I LLC, and Vitcas Ltd. are some of the major market participants. To make the most of the opportunities, market vendors should focus more on the growth prospects in the fast-growing segments, while maintaining their position in the slow-growing segments.

Technavio also offers custom research reports with detailed insights assessing the market from a global as well as regional perspective. This customized report will help clients keep up with new product launches in direct & indirect or related markets. It will also provide insights on upcoming developments along with a pipeline analysis of vendor operations and the impact of government regulations.

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Technavio has been monitoring the bio-soluble fiber market and it is expected to grow by USD 1.56 billion, accelerating at a CAGR of almost 10% during the forecast period. The growth trajectory of the market is traced through a detailed analysis of the prevalent market forces, trends, and drivers along with competitive benchmarking. View Free Sample Report

Bio-soluble Fiber Market: Emerging Trends to Impact Market Growth

The growth in the oil and gas industry will drive the bio-soluble fiber market during the forecast period. The increase in oil and gas exploration activities in the US, Brazil, Mexico, Saudi Arabia, China, Russia, Norway, and other countries is expected to drive the demand for bio-soluble fibers. As pipes and hoses are used while extracting crude oil and natural gas, insulated pipes are generally preferred for the transport of crude oil from the point of extraction to major refineries. These pipes are used in the oil and gas industry and are made using bio-soluble fibers in the form of ceramic blankets and modules. In the oil and gas industry, bio-soluble fibers are being used by major petrochemical companies during the extraction process. Increasing oil and gas extraction in the US and other oil fields is expected to drive the demand for bio-soluble fiber during the forecast period.

• Bio-soluble fibers exhibit low thermal conductivity, super thermal shock resistance, low heat storage, and excellent sound absorption, making them one of the most viable options for various end-user industries.
• Furthermore, as these fibers are manufactured using advanced spinning technology, they find applications in industries requiring products with sound damping properties and good thermal insulation.
• The rising applications of bio-solution fiber across several end-user industries including the power and petrochemicals industries will drive market growth during the forecast period.

Bio-soluble Fiber Market: Vendor Analysis

The market is concentrated due to the presence of several players. The growth of the players depends on several factors such as market conditions, government support, and industry development. To survive and succeed in such an intensely competitive market, players must distinguish their product and service offerings through clear and unique value propositions. ALFISO, Beijing SUPER International Trade Co. Ltd., Calvo Sealing SL, Final Advanced Materials Sàrl, Grupo Nutec SA de CV, Ibiden Co. Ltd., PALLOTTA Spa, Tritex LLC, Unifrax I LLC, and Vitcas Ltd. are some of the major market participants. To make the most of the opportunities, market vendors should focus more on the growth prospects in the fast-growing segments, while maintaining their position in the slow-growing segments.

Technavio offers custom research reports with detailed insights on the impact of COVID-19 at an industry level, a regional level, and subsequent supply chain operations. This customized report will help clients keep up with new product launches in direct & indirect COVID-19 related markets. It will also provide insights on upcoming developments along with pipeline analysis of vendor operations and the impact of government regulations.

Technavio suggests three forecast scenarios (optimistic, probable, and pessimistic) considering the impact of COVID-19 Download a Free Sample Report