About this market
The product innovation to drive growth in the market. The rising frequency of innovations and technological advances in the manufacturing processes are expected to considerably increase the production volumes of the bio-soluble fiber manufacturers. analysts have predicted that the bio-soluble fiber market will register a CAGR of over 10% by 2022.
Market Overview
Growing popularity of bio-soluble fiber in end-user industries
These fibers exhibit very low thermal conductivity, super thermal shock resistance, low heat storage, and excellent sound absorption, which makes it useful in industries like power, petrochemical, metal and others.
Alternatives for bio-soluble fibers
Bio-soluble fibers can be replaced with fiber-free compounds. The fiber free compounds are used as a replacement of bio-soluble fiber products such as ceramic fibers due to their high density and weight.
For the detailed list of factors that will drive and challenge the growth of the bio-soluble fiber market during the 2018-2022, view our report.
Competitive Landscape
The market appears to be fragmented and with the presence of several companies including LANXESS and Velsicol Chemical the competitive environment is quite intense. Factors such as the product innovation and the growing popularity of bio-soluble fiber in end-user industries, will provide considerable growth opportunities to bio-soluble fiber manufactures. Akzo Nobel, Albemarle, ICL, Jiangsu Yoke Technology, LANXESS, and Velsicol Chemical are some of the major companies covered in this report.