POLYBENZOXAZOLE FIBERS MARKET ANALYSIS

Polybenzoxazole Fibers MarketSize and Trends

Market Outlook

Global Polybenzoxazole fibers market size is expected to expand significantly during the forecast period (2019-2027). This is owing to growing use of polybenzoxazole fibers in various industries around the world. Increasing demand for polybenzoxazole fibers from the sports clothing industry is expected to propel the market growth. Polybenzoxazole fibers find major applications in manufacturing of sports clothing, owing to excellent properties such as high flexibility and low self-weight. Moreover, it is also used in motorsport racing applications for affixing tires to the chassis with these fibers. They prevent airborne movement of wheels in case of any high-speed mishap. This is expected to increase the demand for polybenzoxazole fibers and hence boos growth of the market during the forecast period.  Polybenzoxazole fibers find applications in various products such as cycle spokes, yacht ropes, sail boat cloth, tennis racket strings, and fishing rods. Increasing demand for these consumer products is expected to support the market growth during the forecast period. Polybenzoxazole fibers have high tensile strength and thermal stability, due to which they find applications in firefighting suits. Growing use of polybenzoxazole fibers in manufacturing of firefighting suit is expected to boost the market growth.

Market- Trends