High Performance Fiber Market is projected to Grow at 9.2% CAGR over the Next Five Years

Stratview Research has published a new research report on High Performance Fiber Market. This extensive report by Stratview Research analyses the growth of High Performance Fiber Market over the trend period of 2010 to 2015 and forecast period of 2016 to 2021 under the following segments -
· by Fiber Type
(Aramid Fiber
• Meta Aramid
• Para Aramid
Carbon Fiber
• PAN based Carbon Fiber
• Pitch based Carbon Fiber
Glass fiber
Polybenzimidazole (PBI) Fiber
High-Strength PE Fiber
Polyphenylene sulfide (PPS) Fiber
Others High Performance Fiber),

· by End Use Industry (Aerospace and Defense, Sporting Goods, Automotive, Medical, Wind Energy, Oil & Gas, Building and Construction, Electrical and Electronics, Non-Woven
Filtration,and Others),
· by Usage (Polymer Composites, Non Polymer Composites),
· by Sales Channel (Direct Sales, Distributors), and
· by Region (North America, Europe, Asia-Pacific, and Rest of the World)

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High Performance Fiber Market: Highlights

The demand of lightweight products at superior strength is the core requirement in the high performance industries, such as aerospace and defense. Similarly, the strict government regulations in the automotive industry, such as CAFÉ standard are putting pressure on OEMs to curb the overall vehicle weight to achieve high fuel efficiency and reduce carbon emission. These are some of the factors compelling OEMs to develop products leveraging high performance fibers in the structural applications, such as aircraft fuselage & wings, automotive monocoque, wind blades, and ballistic armor. High performance fibers include carbon fiber (PAN and Pitch), aramid fiber (Meta and Para), S-glass fiber, Polybenzimidazole (PBI) Fiber, High-Strength PE Fiber, Boron fiber, and Polyphenylene sulfide (PPS) Fiber.

The high performance fiber market offers a healthy growth opportunity and is likely to grow at a 9.2% CAGR during the forecast period of 2016 to 2021. Carbon fiber is likely to drive the global high performance fibers market mainly driven by increasing penetration in the automotive, aerospace & defense, and wind energy segments. High impact resistance, high specific strength and modulus, excellent corrosion resistance and fatigue resistance are the major drivers of high performance fibers market.

Aerospace and defense is expected to remain dominant
And one of the fastest growing segments in the high performance fibers market during the forecast period. North America is expected to remain the largest market for high performance fibers during the forecast period.

The supply chain of this market comprises raw material manufacturers, fiber manufacturers, distributors, part fabricators, and OEMs. Some of part fabricators are GKN Aerospace, Spirit Aerosystem, Tecsis, Mubea Carbo Tech, and Hexagon composites and key OEMs are Airbus, Boeing, Northrup Grumman, Bombardier, Vestas, General Motors, BMW, and Ford.

Top Key Players
The key high performance fiber manufactures are Toray Industries, Teijin Industries, DuPont, Royal DSM, AGY Holdings, Owens Corning, and 3B Fiberglass. New product development, new optimized manufacturing process development, collaboration with customers, and long term contacts are the key strategies adopted by the key players to gain competitive edge in the market.

Why Stratview Research
Our report provides market intelligence in the most comprehensive way. The report structure has been kept such that it offers maximum business value. It provides critical insights on the market dynamics and will enable strategic decision making for the existing market players as well as those willing to enter the market. The following are the key features of the report:
● High Performance Fiber Market overview, industry life cycle analysis, supply chain analysis
● Growth drivers and constraints, Porter’s five forces analysis, SWOT analysis
● Market trend (2010 – 2015) and forecast analysis (2016 - 2021) of each segment.
● Competitors’ market share, product portfolio and new launches.
● Growth opportunities in each segment.
● Emerging trends which will decide the future course of development.
● Strategic growth opportunities for the existing and new players
● Key success factors.

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This release was published on openPR.