Press release
Global High Performance Fiber Market: Demand for Lightweight and Fuel Efficient Materials
High Performance Fiber Market CAGR of +9.0% Forecast Globally 2024
Global High Performance Fiber Market, By Type (Carbon Fibers, Polybenzimidazole (PBI), High-Strength PE Fibers, Aramid, Polyphenylene Sulfide (PPS), Glass Fibers, Ceramics, Others); By Application (Aerospace & Defence, Medical, Automotive, Sporting Goods, Alternative Energy, Electronics, Construction & Infrastructure, Nonwoven, Filtration, Others) – Industry Trends and Forecast to 2024
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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.
Major Market Drivers and Restraints:
• Demand for lightweight and fuel efficient materials
• Demand in renewable energy market
• Rising demand for greater safety & security
• Demand in transportation industry
Market Segmentation:
The high performance fiber market is segmented on the basis of type into hindered amine light stabilizers (HALS), UV absorber and quenchers.
On the basis of application, the market is segmented into floor coating, decking, automotive coating, furniture coating, and adhesives & sealants.
On the basis of geography, the high performance fiber market report covers data points for 28 countries across multiple geographies such as North America, South America, Europe, Asia-Pacific and Middle East & Africa. Some of the major countries covered in this report are U.S., Canada, Germany, France, U.K., Netherlands, Switzerland, Turkey, Russia, China, India, South Korea, Japan, Australia, Singapore, Saudi Arabia, South Africa, and Brazil among others. In 2017, Asia-Pacific is expected to dominate the market.
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Competitive Analysis:
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.
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Major Market Competitors:
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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Report Access: http://databridgemarketresearch.com/reports/north-america-digital-health-monitoring-devices-market/
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