|01-10-2019 01:53 PM CET - IT, New Media & Software||
High Performance Fiber Market Analysis Report 2024 by top competitors likes AGY Holding Corp., Bally Ribbon Mills, Beijing Tongyizhong Specialty Fiber Technology & Development Co. Ltd., Braj Binani Group
Press release from: Data Bridge Market Research
“High-performance fibers” are designed for specialized use, based on the requirement of specific applications. These fibers are credited with exceptional weight to strength ratio, robustness, resistance to tear, electrical conductivity, and also chemical resistance. The latest trend in this market is high demand lightweight and fuel efficient materials, demand in renewable energy market and transportation industry. There is growing demand of high-performance fibers for applications such as aerospace & defense, medical, automotive, sporting goods, alternative energy, electronics, construction & infrastructure, nonwoven, filtration, others, are the driving for the high-performance fibers market in the forecasted years.
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Some of the major players in high performance fiber market include AGY Holding Corp., Bally Ribbon Mills, Beijing Tongyizhong Specialty Fiber Technology & Development Co. Ltd., Braj Binani Group (3B-the Fiberglass Company), Cytec Solvay Group, DuPont, Honeywell International Inc., InterTech Group, Jilin Qifeng Chemical Fiber, Jushi Group Co. Ltd, KUREHA Corp., Mitsubishi Rayon Co., Ltd., Royal DSM, Sarla Performance Fibers Limited, Sinopec Yizheng Chemical Fiber Co., Ltd., SRO Group, Toho Tenax Europe GmbH, Toray Industries, Toyobo Co., Ltd, W. L. Gore & Associates Inc., Yantai Tayho Advanced Materials, Zhongfu Shenying Carbon Fiber, and many more.
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The global high performance fiber market is highly fragmented with the presence of a large number of players across different regions. These major players have adopted various organic as well as inorganic growth strategies such as mergers & acquisitions, new product launches, expansions, agreements, joint ventures, partnerships, and others to strengthen their position in this market.
Major Market Drivers:
• Demand for lightweight and fuel efficient materials
• Demand in renewable energy market
• Rising demand for greater safety & security
• Demand in transportation industry
• High Investment in R&D
• High-Cost of high performance fibers
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