High-Performance Fiber Market Size To Expand at a Notable CAGR Of 8% During 2022 - 2030

Pune, India, February,2019/MRFR Press Release/- Market Research Future has published a half-cooked research report on the Global High-Performance Fiber Market.

Market Overview

High-performance fibers are the higher value fiber which are widely used in a range of applications. These types of fibers differ from the common fibers based on the special technical functions which require a specific performance property. These are commonly referred to as a fiber with some unique characteristics which is helpful in particular application. Generally, the high-performance fibers exhibit remarkably high tensile strength and modulus, resistance to heat, flame, resistance to chemical agents which can easily degrade conventional fibers.

Based on type, the global high-performance fiber market has been segmented into carbon fiber, aramid fiber, ceramic fiber, glass fiber, polybenzimidazole (PBI), polyphenylene sulfide (PPS), PE fiber, and others. Among these types carbon fiber held the largest market share in 2022. This is mainly attributed to the excellent weight to strength properties of the product. Carbon fiber is widely used in the automotive and aerospace industries on account of high demand for the high-strength lower weight materials.

By application, the global high-performance fiber market has been categorized into automotive, aerospace & defense, building & construction, electronics & telecommunication, energy, textiles, sports & leisure, and others. The automotive sector held the major market share in 2022 owing growing demand for the product in various automotive applications such as front body fascia, body parts, interior. Additionally, increasing demand from the rapidly growing renewable energy sector and telecommunication industry is likely propel the market growth during the forecast period.

Market Segmentation

The global high-performance fiber market has been segmented on the basis of type, application, and region.

Based on type, the global high-performance fiber market has been segregated into carbon fiber, aramid fiber, ceramic fiber, glass fiber, polybenzimidazole (PBI), polyphenylene sulfide (PPS), PE fiber, and others.

On the basis of application, the market is categorized into automotive, aerospace & defense, building & construction, electronics & telecommunication, energy, textiles, sports & leisure, and others.

The global high-performance fiber market has been studied with respect to five regions—Asia-Pacific, North America, Europe, Latin America, and the Middle East & Africa.

Regional Analysis

The global high-performance fiber market has been segmented across five regions—Asia-Pacific, North America, Europe, Latin America, and the Middle East & Africa. The market in Asia-Pacific is anticipated to grow at the highest CAGR owing to the rising product demand in the automotive, construction, and electronics & telecommunication sectors. In addition, the high-performance fibers are widely used in the wind turbines. This is expected to fuel the market growth in the region during the assessment period.

Europe and North America are expected to witness significant growth during the forecast period. This is mainly due to the growing demand for the advanced light materials in automotive and aerospace industry. The Middle East & Africa and Latin America held little pie of share in this market.

Competitive Analysis

The leading players in the global high-performance fiber market are TEIJIN LIMITED (Japan), Mitsubishi Chemical Corporation (Japan), Corning Incorporated (US), Solvay (Belgium), Kureha Corporation (Japan), PBI Performance Products, Inc. (US), Honeywell International Inc. (US), AGY (US), ZOLTEK Corporation (US), Yantai Tayho Advanced Materials Co.,Ltd. (China), PHP Fibers GmbH (Germany), Bally Ribbon Mills (US), The InterTech Group, Inc. (US), Binani Industries Ltd. (India), and Sarla Performance Fibers Limited (India), among others

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