High - Performance Fibers Market to reach at a CAGR of 8.8% during the forecast period

Reports And Markets Publish a New Market Research Report On – "High - Performance Fibers Market - Segmented by Type, End-User Industry and Geography - Trends and Forecasts (2017 - 2022)"

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The global high-performance fibers market is estimated at USD 10.53 billion in 2016 and is projected to reach USD 16.06 billion by 2021, at a CAGR of 8.8% during the forecast period from 2016 to 2021.

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. However, these attributes may vary from product to product.

Market Dynamics

This market is driven by factors, such as the increasing demand for lightweight and fuel-efficient materials, growing usage of high-performance fibers in the renewable energy market, and rising demand for greater safety & security. However, this market faces certain drawbacks; the premium pricing and processing constraints of these fibers may act as a roadblock to the growth of the market.

Market Segmentation

High-performance fibers are produced using various technologies and are available in many product types. In the global high-performance fibers market report, we have considered the following major product types: aramid fiber, carbon fiber, glass fiber, high-strength PE fiber, polybenzimidazole (PBI) fiber, polyphenylene sulfide (PPS) fiber, and others.

The market for PBI fiber has been further segmented into PBI membranes, molded PBI resin, fuel cell electrolyte, asbestos replacement, and flue gas filtration; while carbon fiber has been bifurcated into pitch-based, PAN-based, and rayon-based fibers. Aramid fiber, carbon fiber, and high-strength PE fiber are the most widely applied high-performance fibers, with the most impressive comprehensive performance.

High-performance fibers, in the recent years, have become an integral part of various applications in major industrial and commercial sectors. In the global high-performance fibers market report, we have taken the following major end-user sectors into account: aerospace & defense, medical, automotive, sporting goods, alternative energy, electronics, construction & infrastructure, nonwoven, and filtration. The aerospace & defense end-user segment accounted for the maximum consumption share in the global high-performance fibers market, in 2015.

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The market has also been geographically segmented by consumption. The regional analysis includes Asia-Pacific, North America, Europe, South America, and the Middle-East and Africa. The North America region is the current global leader for high-performance fibers, which can be attributed to the high-demand for these fibers from its established automotive and aerospace and defense sectors. The region is expected to grow at a CAGR of XX.XX% during the forecast period. A large majority of the consumption in the region is accounted by the US.

Opportunities & Major Players

Innovations in the application of the products provide a vast arena for the manufacturers to explore with these high-performance fibers. The increasing scope in the automotive industry and new avenues in wind energy sector provide good opportunities, as well.

The market for high-performance fibers is dominated by large global players that include -

Cytec Solvay Group
DuPont
Honeywell International
Mitsubishi Rayon
Owens Corning
PBI Performance Products
Royal DSM
Teijin Limited

Key Deliverables in the Study

Market analysis for the global high-performance fibers market, with region specific assessments and competition analysis on a global and regional scale.
Market definition along with the identification of factors instrumental in changing the market scenario and prospective opportunities.
Extensively researched competitive landscape section with profiles of major companies along with their market share.
Identification and analysis of the macro and micro factors that affect the global high-performance fibers Market on both global and regional scales.
A comprehensive list of key market players along with the analysis of their current strategic interests and key financial information.
Insights on the major countries/regions where this industry is growing and also identify the regions that are still untapped.

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