Global High Performance Fiber Market was valued at USD 13.29 Bn in 2019 and is expected to reach USD 26.13 Bn by 2027 at a CAGR of 8.82% over the forecast period 2020-2027. To know about the Research Methodology :- Request Free Sample ReportThe report covers an in-depth analysis of COVID 19 pandemic impact on Global High Performance Fiber Market by region and on the key players revenue affected till April 2020 and expected short term and long-term impact on the market.
Global High Performance Fiber Market Dynamics
The field of high performance fibers has a considerable growth in the last three decades. A large number of hig- performance polymeric fibres, carbon fibres and inorganic fibres are in the market today. High-performance fibers are used in various fabric applications ranging from bulletproof vests to trampolines. High performance fibers possess enough chemical and physical bonds for transmitting the stress along the fiber. Various factors such as increasing use of these fibers in the manufacturing of durable semiconductors, growing demand for products with wide range of operating temperature along with offering superior chemical resistance along with lightweight requirement and increasing use in various end-user industries such as automotive, aerospace, construction and buildings, and electronics are driving the market growth over the forecast period. Moreover, growing use of high performance fibers (HPF) in strengthening of composites for its usage in military vehicles, aircraft, electronics, and sports goods is expected to create lucrative opportunities for market growth over the forecast period.However, factors such as fluctuations in raw material prices, high costs associated with high performance fibers, stringent rules and regulations pertaining to applications of high fiber materials are restraining the market growth over the forecast period.Global High Performance Fiber Market is segmented by type, by application and by region. By type, Carbon fiber held the highest market share in 2019 and is expected to keep its dominance over the forecast period owing to wide range of applications in the manufacturing aircrafts, rockets, satellites, and missiles. Carbon fibers are lightweight and they possess rigidity and flexibility properties. Carbon fiber is followed by Polybenzimidazole (PBI) fiber and Polyphenylene Sulfide (PPS). Polybenzimidazole (PBI) is expected to hold xx% of market share over the forecast period due to the increasing use in various application such as automotive, electronics, aerospace and defence among others. Moreover, Polybenzimidazole (PBI) are used in various heat and safety applications such as fire-fighter uniforms and safety gloves. By application, aerospace and defence application segment held the highest market share in 2019 and is expected to keep its dominance over the forecast period owing to increasing adoption of high performance fibers due to their lightweight properties. High performance fibers are lightweight materials and they provide various advantages in aerospace applications as they offer high strength and stiffness at a reduced weight, substantially reducing the fuel consumption.By geography, APAC held highest market share in 2019 and is expected to keep its dominance over forecast period. Factors such as increasing demand from emerging economies such as China, India, ASEAN and Japan, developing end-user industries, favourable government policies, and availability of low cost labour and shifting of top manufacturers from the U.S. and Europe to the Asia-Pacific region to expand their high performance fibers business are driving the market growth over the forecast period. APAC is followed by North America and Europe. North America is expected to hold xx% of market share over the forecast period owing to the presence of well-developed aerospace and defence industry. Factors such as rising defence expenditure in the U.S., growing use of high performance fibers in automotive, electronics, & construction industry and increasing usage of high performance fibers as an alternative to asbestos & steel are driving the market growth in this region.Report covers in depth analysis of key development, marketing strategies, supply-side and demand side indicators and company profiles of market leaders, potential players, and new entrants. Key players operating in this market are adopting various organic and inorganic growth strategies such as merger& acquisitions, joint ventures, collaborations, expansion, new product launches and patent to increase their regional presence and business operations.The objective of the report is to present a comprehensive analysis of the Global High Performance Fiber Market including all the stakeholders of the industry. The past and current status of the industry with forecasted market size and trends are presented in the report with the analysis of complicated data in simple language. The report covers all the aspects of the industry with a dedicated study of key players that includes market leaders, followers, and new entrants. PORTER, SVOR, PESTEL analysis with the potential impact of micro-economic factors of the market have been presented in the report. External as well as internal factors that are supposed to affect the business positively or negatively have been analysed, which will give a clear futuristic view of the industry to the decision-makers. The report also helps in understanding Global High Performance Fiber Market dynamics, structure by analyzing the market segments and project Global Blow Molding Plastics Market Clear representation of competitive analysis of key players by price, financial position, Product portfolio, growth strategies, and regional presence in the Global High Performance Fiber Market make the report investor’s guide.
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Global High Performance Fiber Market, by Type
• Carbon Fiber• Polybenzimidazole (PBI)• High-Strength PE Fiber• Aramid• Polyphenylene Sulfide (PPS)• Glass Fiber• Ceramics• Others
Global High Performance Fiber Market, by Application
• Electronics & Telecommunication• Textile• Aerospace & Defence• Construction & Building• Automotive• Sporting Goods• Others
Global High Performance Fiber Market, by Region
• North America• Europe• Asia-Pacific• Middle East & Africa• South America
Global High Performance Fiber Market Major Players
• Teijin Ltd. (Japan)• E. I. du Pont Nemours and Company (U.S.)• Yantai Tayho Advanced Materials Co., Ltd. (China)• Cytec Industries Inc. (U.S.)• Mitsubishi Rayon Co., Ltd. (Japan)• Owens Corning (U.S.)• PBI Performance Products, Inc. (U.S.)• Koninklijke Ten Cate NV (Netherlands)• Kureha Corporation (Japan)• Toray Industries, Inc. (Japan)• Royal DSM• Honeywell International, Inc• Mitsubishi Rayon Co., Ltd.• Morgan Advanced Materials.
