Global Chopped Fiber
Market Report
2025
The Global Chopped Fiber market size is USD XX billion in 2023 and will expand at a compound annual growth rate (CAGR) of 5.00% from 2023 to 2030.
The base year for the calculation is 2024 and 2021 to 2024 will be historical period. The year 2025 will be estimated one while the forecasted data will be from year 2025 to 2033. When we deliver the report that time we updated report data till the purchase date.
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According to Cognitive Market Research, The Global Chopped Fiber market size is USD XX billion in 2023 and will expand at a compound annual growth rate (CAGR) of 5.00% from 2023 to 2030.
2019 | 2024 | 2025 | 2032 | 2033 | CAGR | |
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Global Chopped Fiber Market Sales Revenue | 121212 | 121212 | 121212 | 121212 | 121212 | 5% |
North America Chopped Fiber Market Sales Revenue | 121212 | 121212 | 121212 | 121212 | 121212 | 4% |
Europe Chopped Fiber Market Sales Revenue | 121212 | 121212 | 121212 | 121212 | 121212 | 4.1% |
Asia Pacific Chopped Fiber Market Sales Revenue | 121212 | 121212 | 121212 | 121212 | 121212 | 6.5% |
South America Chopped Fiber Market Sales Revenue | 121212 | 121212 | 121212 | 121212 | 121212 | 4.8% |
Middle East and Africa Chopped Fiber Market Sales Revenue | 121212 | 121212 | 121212 | 121212 | 121212 | 4.9% |
Base Year | 2024 |
Historical Data Time Period | 2021-2024 |
Forecast Period | 2025-2033 |
Market Split by Type |
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Market Split by Application |
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List of Competitors |
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Regional Analysis |
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Country Analysis |
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Report scope is customizable as we have a huge database of Chopped Fiber industry. We can deliver an exclusive report Edition/Consultation as per your data requirements. Request for your Free Sample Pages.
Chopped Fiber Market is Segmented as below. Particular segment of your interest can be provided without any additional cost. Download the Sample Pages!
Chopped fiber refers to short lengths of continuous strands of fiber that are cut into smaller pieces. These fibers are commonly used as reinforcement materials in various composite applications. Growth fuelled by its high strength-to-weight ratio and flexural and tensile strength. Chopped fibres are used in cement composites and concrete, two building materials. The demand for chopped fibres may be influenced by the continued expansion of the construction sector as well as the growing emphasis on high-performance and sustainable building materials. Additionally, a growing number of sectors are becoming aware of and accepting of composite materials reinforced with chopped fibres. These materials are more widely used because of their benefits, which include a high strength-to-weight ratio, resistance to corrosion, and flexibility in design. Thus, driving the market expansion.
Owens Corning and Pultron Composites agreed in June 2022 to establish a joint venture for producing top-quality fiberglass rebar.
One key driver propelling the chopped fiber market is the escalating demand for lightweight materials across industries. As sectors like automotive and aerospace emphasize fuel efficiency and performance, chopped fibers, particularly those made from advanced materials like carbon or glass, serve as crucial reinforcements in composite materials. These fibers enhance structural strength while reducing overall weight, contributing to the development of lightweight yet robust components, a critical requirement in modern engineering for achieving energy efficiency and sustainability.
In November 2021, Taishan Fiberglass Inc. (CTG) revealed plans to invest $250 million in setting up a new fiber manufacturing plant in Gujarat, India. This investment aims to cater to the markets in India and the Middle East.
(Source: www.plasteurope.com/news/TAISHAN_t236188)
The chopped fiber market experiences significant momentum due to the growing adoption of composites in the construction industry. Chopped fibers, when incorporated into concrete and other building materials, enhance structural integrity, durability, and resistance to various environmental factors. As the construction sector increasingly prioritizes sustainable and resilient building practices, chopped fibers play a pivotal role in reinforcing materials, reducing the need for traditional reinforcing methods. This driver is fuelled by a broader industry shift towards advanced materials that offer superior performance and contribute to the development of more resilient and eco-friendly structures.
In April 2021, Chongqing Polycomp International Corp. (CPIC) revealed a collaboration with Jushi Group, a prominent Chinese fiberglass product manufacturer, to co-invest in a new production line for high-quality E-glass fiber products.
A prominent restraint in the Chopped Fiber market is the challenge posed by high raw material costs and price volatility. The manufacturing of chopped fibers involves the use of materials such as glass, carbon, or aramid, which can be subject to fluctuating prices and supply chain disruptions. The dependency on these raw materials makes the market vulnerable to cost variations, impacting profit margins for both manufacturers and end-users. Price volatility creates uncertainties in production planning and can potentially limit the widespread adoption of chopped fibers in certain applications, hindering market growth.
The chopped fiber market experienced the impact of COVID-19 as the pandemic disrupted global supply chains and industrial operations. The lockdowns, travel restrictions, and economic uncertainties led to a decline in manufacturing activities across various sectors, affecting the demand for chopped fibers used in composite applications. Construction and automotive industries, major consumers of chopped fibers, faced slowdowns and project delays, impacting the demand for reinforcing materials. However, the pandemic also highlighted the importance of lightweight and durable materials in sectors such as healthcare and personal protective equipment, potentially creating new opportunities for chopped fibers in innovative applications. The overall market dynamics were shaped by the complex interplay of supply chain disruptions, fluctuating demand, and evolving industry needs during the pandemic.
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The market is marked by fierce competition as major players vie for dominance. Top companies are pursuing strategic moves such as mergers, acquisitions, and partnerships to enhance their market standing and expand their product offerings.
(Source: www.neg.co.jp/uploads/sites/2/news_20200804_en.pdf)
Top Companies Market Share in Chopped Fiber Industry: (In no particular order of Rank)
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According to Cognitive Market Research, the global Chopped Fiber Market size was estimated at USD XX Billion, with North America emerging as the largest growing region, contributing to more than 40% of the total global revenue. In 2023, the market size in North America reached USD XX billion. Projections indicate a sustained and substantial expansion, with a CAGR of 4.0% from 2023 to 2030. The Regional analysis underscores North America's pivotal role, emphasizing its influence on the global Chopped Fiber Market. Segmentation analysis delves into specific applications and industry verticals within the region, revealing key trends and opportunities driving the market's growth. In conclusion, North America stands as the forefront of the Chopped Fiber Market's growth, leveraging its technological capabilities and industrial prowess. With a robust growth trajectory, the region is set to maintain its leadership, influencing the global landscape of the Chopped Fiber Market by fostering innovation and efficiency in material applications over the coming years.
According to Cognitive Market Research, the global Chopped Fiber Market size was estimated at USD XX Billion, with Asia Pacific emerging as the fastest-growing region, contributing to more than 22% of the total global revenue. In 2023, the market size in Asia Pacific reached USD XX billion. Forecasts indicate that this momentum will persist, with a CAGR of 6.5% from 2023 to 2030.The Regional analysis underscores Asia Pacific's pivotal role, emphasizing its influence on the global Chopped Fiber Market. Segmentation analysis delves into specific applications, industries, and verticals within the region, revealing unique trends and opportunities that drive the exceptional growth rate. In conclusion, Asia Pacific stands out as the epicenter of rapid growth in the Chopped Fiber Market, spearheading innovation and efficiency in material applications. The region's proactive approach positions it as a key influencer, steering the global Chopped Fiber Market toward unprecedented growth and technological advancements in the foreseeable future.
The current report Scope analyzes Chopped Fiber Market on 5 major region Split (In case you wish to acquire a specific region edition (more granular data) or any country Edition data then please write us on info@cognitivemarketresearch.com
The above graph is for illustrative purposes only.
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According to Cognitive Market Research, the global Chopped Fiber Market size was estimated at USD XX Billion, with North America emerging as the largest growing region, contributing to more than 40% of the total global revenue. In 2023, the market size in North America reached USD XX billion. Projections indicate a sustained and substantial expansion, with a CAGR of 4.0% from 2023 to 2030. The Regional analysis underscores North America's pivotal role, emphasizing its influence on the global Chopped Fiber Market. Segmentation analysis delves into specific applications and industry verticals within the region, revealing key trends and opportunities driving the market's growth. In conclusion, North America stands as the forefront of the Chopped Fiber Market's growth, leveraging its technological capabilities and industrial prowess. With a robust growth trajectory, the region is set to maintain its leadership, influencing the global landscape of the Chopped Fiber Market by fostering innovation and efficiency in material applications over the coming years.
According to Cognitive Market Research, the global Chopped Fiber Market size was estimated at USD XX Billion, with the Europe region emerging as a significant contributor, accounting for more than 30% of the total global revenue. In 2023, the market size in Europe reached USD XX billion. Forecasts project a continued upward trajectory, with a forecasted compound annual growth rate (CAGR) of 4.1% from 2023 to 2030.The Regional analysis underscores Europe's pivotal role, elucidating its impact on the global Chopped Fiber Market. Segmentation analysis provides insights into specific applications and industry verticals within the region, revealing key trends and opportunities driving the market's growth. In conclusion, Europe stands as a major player in the Chopped Fiber Market, leveraging its commitment to sustainability and technological innovation. With a robust growth trajectory, Europe is set to maintain its leadership, influencing the global landscape of the Chopped Fiber Market by fostering innovation and efficiency in material applications over the coming years.
According to Cognitive Market Research, the global Chopped Fiber Market size was estimated at USD XX Billion, with Asia Pacific emerging as the fastest-growing region, contributing to more than 22% of the total global revenue. In 2023, the market size in Asia Pacific reached USD XX billion. Forecasts indicate that this momentum will persist, with a CAGR of 6.5% from 2023 to 2030.The Regional analysis underscores Asia Pacific's pivotal role, emphasizing its influence on the global Chopped Fiber Market. Segmentation analysis delves into specific applications, industries, and verticals within the region, revealing unique trends and opportunities that drive the exceptional growth rate. In conclusion, Asia Pacific stands out as the epicenter of rapid growth in the Chopped Fiber Market, spearheading innovation and efficiency in material applications. The region's proactive approach positions it as a key influencer, steering the global Chopped Fiber Market toward unprecedented growth and technological advancements in the foreseeable future.
According to Cognitive Market Research, the global Chopped Fiber Market size was estimated at USD XX Billion, with the Latin America region emerging as a noteworthy contributor, accounting for more than 5% of the total global revenue. In 2023, the market size in Latin America reached USD XX billion. Projections suggest a robust growth trajectory, with a forecasted compound annual growth rate (CAGR) of 4.8% from 2023 to 2030.The Regional analysis emphasizes Latin America's position, shedding light on its impact on the global Chopped Fiber Market. Segmentation analysis delves into specific applications and industry verticals within the region, revealing unique trends and opportunities driving growth. In conclusion, while Latin America currently contributes a modest percentage to the global Chopped Fiber Market, its growing commitment to sustainability and technological innovation positions the region as an emerging player.
According to Cognitive Market Research, the global Chopped Fiber Market size was estimated at USD XX Billion, with the Middle East and Africa region emerging as a significant contributor, accounting for more than 3.00% of the total global revenue. In 2023, the market size in the Middle East and Africa reached USD XX billion, with a CAGR of 4.9% from 2023 to 2030. The Regional analysis underscores the significance of the Middle East and Africa, elucidating its impact on the global Chopped Fiber Market. Segmentation analysis provides insights into specific applications and industry verticals within the region, revealing key trends and opportunities driving the market's growth. In conclusion, while the Middle East and Africa currently contribute a modest percentage to the global Chopped Fiber Market, their growing commitment to sustainable development and technological innovation positions the region as an emerging player.
Global Chopped Fiber Market Report 2024 Edition talks about crucial market insights with the help of segments and sub-segments analysis. In this section, we reveal an in-depth analysis of the key factors influencing Chopped Fiber Industry growth. Chopped Fiber market has been segmented with the help of its Type, Application , and others. Chopped Fiber market analysis helps to understand key industry segments, and their global, regional, and country-level insights. Furthermore, this analysis also provides information pertaining to segments that are going to be most lucrative in the near future and their expected growth rate and future market opportunities. The report also provides detailed insights into factors responsible for the positive or negative growth of each industry segment.
According to Cognitive Market Research, the dominant category is the 6mm chopped fibers. These fibers hold a dominant position due to their versatility and wide-ranging applications in composite manufacturing. With a 6mm length, these fibers strike a balance between providing robust reinforcement and being adaptable to various industrial processes. Used extensively in automotive, aerospace, and construction applications, the 6mm chopped fibers offer enhanced mechanical properties to composite materials. Their dominance lies in their ability to strengthen diverse materials, contributing to the overall improvement of structural integrity and performance in a variety of end-use sectors.
The fastest-growing category in the Chopped Fiber market is the 3mm chopped fibers, driven by their critical role in automotive light weighting initiatives. With a length of 3mm, these fibers are precisely engineered to meet the demands of the automotive industry, where reducing vehicle weight without compromising strength is paramount. As automakers increasingly adopt composite materials to achieve fuel efficiency and sustainability goals, the demand for 3mm chopped fibers is rapidly growing. Their effectiveness in reinforcing thermoplastics and composite materials for automotive components positions them as the fastest-growing category, aligning with the industry's pursuit of lightweight yet durable solutions.
The above Chart is for representative purposes and does not depict actual sale statistics. Access/Request the quantitative data to understand the trends and dominating segment of Chopped Fiber Industry. Request a Free Sample PDF!
According to Cognitive Market Research, civil engineering stands out as the dominant application category. Carbon fiber wraps play a pivotal role in reinforcing and retrofitting infrastructure, including bridges, buildings, and other critical structures. The exceptional strength-to-weight ratio and durability of carbon fiber make it an ideal choice for enhancing the structural integrity of aging or compromised constructions. The civil engineering sector benefits significantly from the superior properties of carbon fiber wraps, providing a robust solution for extending the lifespan of infrastructure and addressing maintenance challenges, contributing to the overall resilience and safety of public works.
The fastest-growing category in the Carbon Fiber Wraps market is the automotive sector. As the automotive industry increasingly focuses on lightweighting to improve fuel efficiency and reduce emissions, carbon fiber wraps have emerged as a transformative solution. These wraps, when applied to vehicle components, contribute to weight reduction without compromising strength, enhancing fuel efficiency and overall performance. The automotive sector's rapid adoption of carbon fiber wraps underscores the material's versatility and effectiveness in achieving sustainability goals, making it the fastest-growing category with a profound impact on the evolution of automotive design and manufacturing processes.
The above Graph is for representation purposes only. This chart does not depict actual Market share.
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Manoj Phagare is a dynamic and results-driven research analyst with a passion for transforming raw data into actionable insights. Armed with a solid foundation in market research and data analysis and working in various domains including chemical & materials and paints & coatings. He thrive on the challenge of uncovering patterns, trends, and opportunities that drive strategic decision-making.His analytical mindset, coupled with effective communication skills, allows him to bridge the gap between data analysis and practical business applications.
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Our study will explain complete manufacturing process along with major raw materials required to manufacture end-product. This report helps to make effective decisions determining product position and will assist you to understand opportunities and threats around the globe.
The Global Chopped Fiber Market is witnessing significant growth in the near future.
In 2023, the 3mm segment accounted for noticeable share of global Chopped Fiber Market and is projected to experience significant growth in the near future.
The Automotive segment is expected to expand at the significant CAGR retaining position throughout the forecast period.
Some of the key companies Carbon Conversions Inc. , Procotex Corporation SA and others are focusing on its strategy building model to strengthen its product portfolio and expand its business in the global market.
Please note, we have not disclose, all the sources consulted/referred during a market study due to confidentiality and paid service concern. However, rest assured that upon purchasing the service or paid report version, we will release the comprehensive list of sources along with the complete report and we also provide the data support where you can intract with the team of analysts who worked on the report.
Disclaimer:
Type | 3mm, 6mm, 10mm, Other |
Application | Automotive, Wind Energy, Civil Engineering, Other |
List of Competitors | Carbon Conversions Inc., Carbon Fiber Remanufacturing, Procotex Corporation SA, Shocker Composites LLC, Vartega Inc., Alpha Recyclage Composites, ELG Carbon Fiber Ltd., Toray Industries Inc., Carbon Fiber Recycling Inc., SGL Carbon |
This chapter will help you gain GLOBAL Market Analysis of Chopped Fiber. Further deep in this chapter, you will be able to review Global Chopped Fiber Market Split by various segments and Geographical Split.
Chapter 1 Global Market Analysis
Global Market has been segmented on the basis 5 major regions such as North America, Europe, Asia-Pacific, Middle East & Africa, and Latin America.
You can purchase only the Executive Summary of Global Market (2019 vs 2024 vs 2031)
Global Market Dynamics, Trends, Drivers, Restraints, Opportunities, Only Pointers will be deliverable
This chapter will help you gain North America Market Analysis of Chopped Fiber. Further deep in this chapter, you will be able to review North America Chopped Fiber Market Split by various segments and Country Split.
Chapter 2 North America Market Analysis
This chapter will help you gain Europe Market Analysis of Chopped Fiber. Further deep in this chapter, you will be able to review Europe Chopped Fiber Market Split by various segments and Country Split.
Chapter 3 Europe Market Analysis
This chapter will help you gain Asia Pacific Market Analysis of Chopped Fiber. Further deep in this chapter, you will be able to review Asia Pacific Chopped Fiber Market Split by various segments and Country Split.
Chapter 4 Asia Pacific Market Analysis
This chapter will help you gain South America Market Analysis of Chopped Fiber. Further deep in this chapter, you will be able to review South America Chopped Fiber Market Split by various segments and Country Split.
Chapter 5 South America Market Analysis
This chapter will help you gain Middle East and Africa Market Analysis of Chopped Fiber. Further deep in this chapter, you will be able to review Middle East and Africa Chopped Fiber Market Split by various segments and Country Split.
Chapter 6 Middle East and Africa Market Analysis
Only Available with Corporate User License
Chapter 7 Top 10 Countries Analysis (Only Available with Corporate User License)
This chapter provides an in-depth analysis of the market share among key competitors of Chopped Fiber. The analysis highlights each competitor's position in the market, growth trends, and financial performance, offering insights into competitive dynamics, and emerging players.
Chapter 8 Competitor Analysis (Subject to Data Availability (Private Players))
(Subject to Data Availability (Private Players))
Data Subject to Availability as we consider Top competitors and their market share will be delivered.
Data Subject to Availability as we consider Top competitors and their market share will be delivered.
Data Subject to Availability as we consider Top competitors and their market share will be delivered.
Data Subject to Availability as we consider Top competitors and their market share will be delivered.
Data Subject to Availability as we consider Top competitors and their market share will be delivered.
Data Subject to Availability as we consider Top competitors and their market share will be delivered.
Data Subject to Availability as we consider Top competitors and their market share will be delivered.
Data Subject to Availability as we consider Top competitors and their market share will be delivered.
Data Subject to Availability as we consider Top competitors and their market share will be delivered.
Data Subject to Availability as we consider Top competitors and their market share will be delivered.
This chapter would comprehensively cover market drivers, trends, restraints, opportunities, and various in-depth analyses like industrial chain, PESTEL, Porter’s Five Forces, and ESG, among others. It would also include product life cycle, technological advancements, and patent insights.
Chapter 9 Qualitative Analysis (Subject to Data Availability)
Segmentation Type Analysis 2019 -2031, will provide market size split by Type. This Information is provided at Global Level, Regional Level and Top Countries Level The report with the segmentation perspective mentioned under this chapters will be delivered to you On Demand. So please let us know if you would like to receive this additional data as well. No additional cost will be applicable for the same.
Chapter 10 Market Split by Type Analysis 2021 - 2033
The report with the segmentation perspective mentioned under this chapters will be delivered to you On Demand. So please let us know if you would like to receive this additional data as well. No additional cost will be applicable for the same.
Chapter 11 Market Split by Application Analysis 2021 - 2033
This chapter helps you understand the Key Takeaways and Analyst Point of View of the global Chopped Fiber market
Chapter 12 Research Findings
Here the analyst will summarize the content of entire report and will share his view point on the current industry scenario and how the market is expected to perform in the near future. The points shared by the analyst are based on his/her detailed in-depth understanding of the market during the course of this report study. You will be provided exclusive rights to interact with the concerned analyst for unlimited time pre purchase as well as post purchase of the report.
Why 3mm have a significant impact on Chopped Fiber market? |
What are the key factors affecting the 3mm and 6mm of Chopped Fiber Market? |
What is the CAGR/Growth Rate of Automotive during the forecast period? |
By type, which segment accounted for largest share of the global Chopped Fiber Market? |
Which region is expected to dominate the global Chopped Fiber Market within the forecast period? |
Segmentation Level Customization |
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Region level Data Customization |
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Country level Data Customization |
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Company Level |
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Additional Data Analysis |
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Additional Qualitative Data |
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Additional Quantitative Data |
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Service Level Customization |
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Report Format Alteration |
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