High-Performance Fiber Market Research Report – Forecast till 2030

High-Performance Fiber Market: Information by Type (carbon fiber, aramid fiber, ceramic fiber, glass fiber, PBI, PPS, PE fiber), Application (automotive, aerospace & defense, building & construction, energy, textiles), and Region — Forecast till 2030

ID: MRFR/CnM/6019-HCR | February 2021 | Region: Global | 140 pages

Market Synopsis


According to the MRFR analysis, the global high-performance fiber is estimated to grow at a healthy CAGR of more than 8% to reach over USD 25 billion in 2030. The major factors favoring this growth of the market are surging demand from major end-use industries namely automotive, aerospace & defense, and electronics & telecommunication. The global market for aerospace core material is projected to reach over 40 billion USD by 2023, which is expected to fuel the demand of high-performance fibers. Surging demand of light-weight materials in modern automobiles is projected to propel growth market in coming years. In the coming years, wind energy is anticipated to witness a rapid adoption as an important source of renewable energy by many developing countries owing to an increasing environmental concern. The global sports industry is set to grow at considerable CAGR of 8% on the backdrop of the forthcoming Olympic Games in 2020, which is likely boost demand for the product in sports equipment and sportwear.  Moreover, the major market players are manufacturing the product are heavily investing in capacity expansion production to meet an increasing demand from diverse end-use industries. However, the high production cost for carbon and other high-end fibers is likely to limits the market growth.

High-performance fibers are the specialty fibers that confer a higher value in wide range of applications. These types of fibers are mainly differentiated from the commodity fiber on the basis of the special technical functions that require specific performance properties. In addition, it is commonly referred to as a fiber with some unique characteristics which fits properly for a particular application. In general, 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. The major applications of the product can be found in automotive and aerospace & defense industries and construction, energy and telecommunication sectors.


Key Players


Some of the key players in the 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.


Market Segmentation


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


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


Global High-Performance Fiber Market Share, by Application, 2017 (%)


High-Performance Fiber Market


Source: MRFR analysis


Regional Analysis


Asia-Pacific, North America, Europe, Latin America, and the Middle East & Africa are the five regions studied for the global High-Performance Fiber market. Asia-Pacific held largest share of the global high-performance fiber market in 2017 and is also projected to grow at the highest CAGR during the forecast period. The market for the high-performance fiber in this region is witnessing robust growth during review period on account of the surging demand for the product form the major end-use industries such automotive, construction, electronics & telecommunication, and textiles. Additionally, rapid growth of the aerospace and energy sector in this region is expected to drive the market growth for high-performance fiber in this region.


North America is closely following Asia-Pacific and held the second largest market share in 2017. The US is the largest market in this region due to the significant presence of well-established end use industries such as aerospace & defense, along with sports industry. 


Europe is another substantial regional market, wherein the demand for the product from in automobile industry is increasing at the healthy CAGR. The major contributors to the regional market France, Germany, UK and Italy. The aerospace and automotive industries in Europe are the major consumers of the high-performance fiber.


The Middle East & African and Latin American markets are estimated to grow at a healthy CAGR owing to high investment potential and robust availability raw.


 


Intended Audience



  • High-Performance Fiber Manufacturers

  • Traders and distributors of High-Performance Fiber

  • Research and Development Institutes

  • Potential investors

  • Raw material suppliers

  • Nationalized laboratories



Report Scope:
Report Attribute/Metric Details
  Market Size

  • 2023: USD 25 Billion
  • 2030: Significant value

    		•
      CAGR   8% (2022–2030)
      Base Year   2021
      Forecast Period   2022-2030
      Historical Data   2019 & 2020
      Forecast Units   Value (USD Billion)
      Report Coverage    Revenue Forecast, Competitive Landscape, Growth Factors, and Trends
      Segments Covered   By Type, Application and Region
      Geographies Covered    North America, Europe, Asia-Pacific, and Rest of the World (RoW)
      Key Vendors   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)
      Key Market Opportunities   Surging demand of light-weight materials in modern automobiles is projected to propel growth market in coming years
      Key Market Drivers   Surging demand from major end-use industries namely automotive, aerospace & defense, and electronics & telecommunication


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    Frequently Asked Questions (FAQ) :

    The global high-performance fiber market can touch a value of USD 25 billion by 2023.

    The global high-performance fiber market can expand at a CAGR exceeding 8% from 2018 to 2023.

    Massive demand from burgeoning industries of electronics, telecommunication, aerospace & defense, and automotive is the major driver of the global high-performance fiber market.

    The global high-performance fiber market growth is restrained by high production costs of carbon.

    PBI Performance Products, Inc., AGY, The InterTech Group, Inc., TEIJIN LIMITED, Yantai Tayho Advanced Materials Co.,Ltd., ZOLTEK Corporation, Honeywell International Inc., Sarla Performance Fibers Limited, Kureha Corporation, Solvay, Bally Ribbon Mills, Corning Incorporated, PHP Fibers GmbH, Binani Industries Ltd., and Mitsubishi Chemical Corporation are major players of the global high-performance fiber market.

    TABLE OF CONTENTS

    1 Executive Summary

    2 Scope of the Report

    2.1 Market Definition

    2.2 Scope of the Study

    2.2.1 Research Objectives

    2.2.2 Assumptions & Limitations

    2.3 Markets Structure

    3 Market Research Methodology

    3.1 Research Process

    3.2 Secondary Research

    3.3 Primary Research

    3.4 Forecast Model

    4 Market Landscape

    4.1 Porter’s Five Forces Analysis

    4.1.1 Threat of New Entrants

    4.1.2 Bargaining Power of Buyers

    4.1.3 Bargaining Power of Suppliers

    4.1.4 Threat of Substitutes

    4.1.5 Segment Rivalry

    4.2 Value Chain/Supply Chain of Global High-Performance Fibers Market

    5 Industry Overview of Global High-Performance Fibers Market

    5.1 Introduction

    5.2 Growth Drivers

    5.3 Impact Analysis

    5.4 Market Challenges

    6 Market Trends

    6.1 Introduction

    6.2 Growth Trends

    6.3 Impact Analysis

    7. Global High-Performance Fibers Market, by Type

    7.1 Introduction

    7.2 Carbon Fiber

    7.2.1 Market Estimates & Forecast, 2020–2027

    7.2.2 Market Estimates & Forecast by Region, 2020–2027

    7.3 Aramid Fiber

    7.3.1 Market Estimates & Forecast, 2020–2027

    7.3.2 Market Estimates & Forecast by Region, 2020–2027

    7.4 Ceramic Fiber

    7.3.1 Market Estimates & Forecast, 2020–2027

    7.3.2 Market Estimates & Forecast by Region, 2020–2027

    7.5 Glass Fiber

    7.5.1 Market Estimates & Forecast, 2020–2027

    7.5.2 Market Estimates & Forecast by Region, 2020–2027

    7.6 Polybenzimidazole (PBI)

    7.6.1 Market Estimates & Forecast, 2020–2027

    7.6.2 Market Estimates & Forecast by Region, 2020–2027

    7.7 Polyphenylene Sulfide (PPS)

    7.7.1 Market Estimates & Forecast, 2020–2027

    7.7.2 Market Estimates & Forecast by Region, 2020–2027

    7.8 PE Fiber

    7.8.1 Market Estimates & Forecast, 2020–2027

    7.8.2 Market Estimates & Forecast by Region, 2020–2027

    7.9 Others

    7.9.1 Market Estimates & Forecast, 2020–2027

    7.9.2 Market Estimates & Forecast by Region, 2020–2027

    8. Global High-Performance Fibers Market, by Application

    8.1 Introduction

    8.2 Automotive

    8.2.1 Market Estimates & Forecast, 2020–2027

    8.2.2 Market Estimates & Forecast by Region, 2020–2027

    8.3 Aerospace & Defense

    8.3.1 Market Estimates & Forecast, 2020–2027

    8.3.2 Market Estimates & Forecast by Region, 2020–2027

    8.4 Building & Construction

    8.4.1 Market Estimates & Forecast, 2020–2027

    8.4.2 Market Estimates & Forecast by Region, 2020–2027

    8.5 Electronics & Telecommunication

    8.5.1 Market Estimates & Forecast, 2020–2027

    8.5.2 Market Estimates & Forecast by Region, 2020–2027

    8.6 Energy

    8.6.1 Market Estimates & Forecast, 2020–2027

    8.6.2 Market Estimates & Forecast by Region, 2020–2027

    8.7 Textiles

    8.7.1 Market Estimates & Forecast, 2020–2027

    8.7.2 Market Estimates & Forecast by Region, 2020–2027

    8.8 Sports & Leisure

    8.8.1 Market Estimates & Forecast, 2020–2027

    8.8.2 Market Estimates & Forecast by Region, 2020–2027

    8.9 Others

    8.9.1 Market Estimates & Forecast, 2020–2027

    8.9.2 Market Estimates & Forecast by Region, 2020–2027

    9. Global High-Performance Fibers Market, by Region

    9.1 Introduction

    9.2 North America

    9.2.1 Market Estimates & Forecast, 2020–2027

    9.2.2 Market Estimates & Forecast by Type, 2020–2027

    9.2.3 Market Estimates & Forecast by Application, 2020–2027

    9.2.4 US

    9.2.4.1 Market Estimates & Forecast, 2020–2027

    9.2.4.2 Market Estimates & Forecast by Type, 2020–2027

    9.2.4.3 Market Estimates & Forecast by Application, 2020–2027

    9.2.5 Canada

    9.2.5.1 Market Estimates & Forecast, 2020–2027

    9.2.5.2 Market Estimates & Forecast by Type, 2020–2027

    9.2.5.3 Market Estimates & Forecast by Application, 2020–2027

    9.3 Europe

    9.3.1 Market Estimates & Forecast, 2020–2027

    9.3.2 Market Estimates & Forecast by Type, 2020–2027

    9.3.3 Market Estimates & Forecast by Application, 2020–2027

    9.3.4 Germany

    9.3.4.1 Market Estimates & Forecast, 2020–2027

    9.3.4.2 Market Estimates & Forecast by Type, 2020–2027

    9.3.4.3 Market Estimates & Forecast by Application, 2020–2027

    9.3.5. France

    9.3.5.1 Market Estimates & Forecast, 2020–2027

    9.3.5.2 Market Estimates & Forecast by Type, 2020–2027

    9.3.5.2 Market Estimates & Forecast by Application, 2020–2027

    9.3.6 Italy

    9.3.6.1 Market Estimates & Forecast, 2020–2027

    9.3.6.2 Market Estimates & Forecast by Type, 2020–2027

    9.3.6.2 Market Estimates & Forecast by Application, 2020–2027

    9.3.7 Spain

    9.3.7.1 Market Estimates & Forecast, 2020–2027

    9.3.7.2 Market Estimates & Forecast by Type, 2020–2027

    9.3.7.2 Market Estimates & Forecast by Application, 2020–2027

    9.3.8 UK

    9.3.8.1 Market Estimates & Forecast, 2020–2027

    9.3.8.2 Market Estimates & Forecast by Type, 2020–2027

    9.3.8.3 Market Estimates & Forecast by Application, 2020–2027

    9.3.9 Russia

    9.3.9.1 Market Estimates & Forecast, 2020–2027

    9.3.9.2 Market Estimates & Forecast by Type, 2020–2027

    9.3.9.3 Market Estimates & Forecast by Application, 2020–2027

    9.3.10 Poland

    9.3.10.1 Market Estimates & Forecast, 2020–2027

    9.3.10.2 Market Estimates & Forecast by Type, 2020–2027

    9.3.10.3 Market Estimates & Forecast by Application, 2020–2027

    9.4 Asia-Pacific

    9.4.1 Market Estimates & Forecast, 2020–2027

    9.4.2 Market Estimates & Forecast by Type, 2020–2027

    9.4.3 Market Estimates & Forecast by Application, 2020–2027

    9.4.4 China

    9.4.4.1 Market Estimates & Forecast, 2020–2027

    9.4.4.2 Market Estimates & Forecast by Type, 2020–2027

    9.4.4.3 Market Estimates & Forecast by Application, 2020–2027

    9.4.5 India

    9.4.4.1 Market Estimates & Forecast, 2020–2027

    9.4.4.2 Market Estimates & Forecast by Type, 2020–2027

    9.4.4.3 Market Estimates & Forecast by Application, 2020–2027

    9.4.6 Japan

    9.4.6.1 Market Estimates & Forecast, 2020–2027

    9.4.6.2 Market Estimates & Forecast by Type, 2020–2027

    9.4.6.3 Market Estimates & Forecast by Application, 2020–2027

    9.4.7 Australia

    9.4.7.1 Market Estimates & Forecast, 2020–2027

    9.4.7.2 Market Estimates & Forecast by Type, 2020–2027

    9.4.7.3 Market Estimates & Forecast by Application, 2020–2027

    9.4.8 New Zealand

    9.4.8.1 Market Estimates & Forecast, 2020–2027

    9.4.8.2 Market Estimates & Forecast by Type, 2020–2027

    9.4.8.3 Market Estimates & Forecast by Application, 2020–2027

    9.4.9 Rest of Asia-Pacific

    9.4.9.1 Market Estimates & Forecast, 2020–2027

    9.4.9.2 Market Estimates & Forecast by Type, 2020–2027

    9.4.9.2 Market Estimates & Forecast by Application, 2020–2027

    9.5 Middle East & Africa

    9.5.1 Market Estimates & Forecast, 2020–2027

    9.5.2 Market Estimates & Forecast by Type, 2020–2027

    9.5.3 Market Estimates & Forecast by Application, 2020–2027

    9.5.4 Turkey

    9.5.4.1 Market Estimates & Forecast, 2020–2027

    9.5.4.2 Market Estimates & Forecast by Type, 2020–2027

    9.5.4.3 Market Estimates & Forecast by Application, 2020–2027

    9.5.5 Israel

    9.5.5.1 Market Estimates & Forecast, 2020–2027

    9.5.5.2 Market Estimates & Forecast by Type, 2020–2027

    9.5.5.3 Market Estimates & Forecast by Application, 2020–2027

    9.5.6 North Africa

    9.5.6.1 Market Estimates & Forecast, 2020–2027

    9.5.6.2 Market Estimates & Forecast by Type, 2020–2027

    9.5.6.3 Market Estimates & Forecast by Application, 2020–2027

    9.5.7 GCC

    9.5.7.1 Market Estimates & Forecast, 2020–2027

    9.5.7.2 Market Estimates & Forecast by Type, 2020–2027

    9.5.7.3 Market Estimates & Forecast by Application, 2020–2027

    9.5.8 Rest of the Middle East & Africa

    9.5.8.1 Market Estimates & Forecast, 2020–2027

    9.5.8.2 Market Estimates & Forecast by Type, 2020–2027

    9.5.8.3 Market Estimates & Forecast by Application, 2020–2027

    9.6 Latin America

    9.6.1 Market Estimates & Forecast, 2020–2027

    9.6.2 Market Estimates & Forecast by Type, 2020–2027

    9.6.3 Market Estimates & Forecast by Application, 2020–2027

    9.6.4 Brazil

    9.6.4.1 Market Estimates & Forecast, 2020–2027

    9.6.4.2 Market Estimates & Forecast by Type, 2020–2027

    9.6.4.3 Market Estimates & Forecast by Application, 2020–2027

    9.6.5 Argentina

    9.6.5.1 Market Estimates & Forecast, 2020–2027

    9.6.5.2 Market Estimates & Forecast by Type, 2020–2027

    9.6.5.3 Market Estimates & Forecast by Application, 2020–2027

    9.6.6 Mexico

    9.6.6.1 Market Estimates & Forecast, 2020–2027

    9.6.6.2 Market Estimates & Forecast by Type, 2020–2027

    9.6.6.3 Market Estimates & Forecast by Application, 2020–2027

    9.6.7 Rest of Latin America

    9.6.7.1 Market Estimates & Forecast, 2020–2027

    9.6.7.2 Market Estimates & Forecast by Type, 2020–2027

    9.6.7.3 Market Estimates & Forecast by Application, 2020–2027

    10. Company Landscape

    11. Company Profiles

    11.1 TEIJIN LIMITED

    11.1.1 Company Overview

    11.1.2 Product/Business Segment Overview

    11.1.3 Financial Updates

    11.1.4 Key Developments

    11.2 Mitsubishi Chemical Corporation

    11.2.1 Company Overview

    11.2.2 Product/Business Segment Overview

    11.2.3 Financial Updates

    11.2.4 Key Developments

    11.3 Corning Incorporated

    11.3.1 Company Overview

    11.3.2 Product/Business Segment Overview

    11.3.3 Financial Updates

    11.3.4 Key Developments

    11.4 Solvay

    11.4.1 Company Overview

    11.4.2 Product/Business Segment Overview

    11.4.3 Financial Updates

    11.4.4 Key Developments

    11.5 Kureha Corporation

    11.5.1 Company Overview

    11.5.2 Product/Business Segment Overview

    11.5.3 Financial Updates

    11.5.4 Key Developments

    11.6 PBI Performance Products, Inc.

    11.6.1 Company Overview

    11.6.2 Product/Business Segment Overview

    11.6.3 Financial Updates

    11.6.4 Key Developments

    11.7 Honeywell International Inc.

    11.7.1 Company Overview

    11.7.2 Product/Business Segment Overview

    11.7.3 Financial Updates

    11.7.4 Key Developments

    11.8 AGY

    11.8.1 Company Overview

    11.8.2 Product/Business Segment Overview

    11.8.3 Financial Updates

    11.8.4 Key Developments

    11.9 ZOLTEK Corporation

    11.9.1 Company Overview

    11.9.2 Product/Business Segment Overview

    11.9.3 Financial Updates

    11.9.4 Key Developments

    11.10 Yantai Tayho Advanced Materials Co.,Ltd.

    11.10.1 Company Overview

    11.10.2 Product/Business Segment Overview

    11.10.3 Financial Updates

    11.10.4 Key Developments

    11.11 PHP Fibers GmbH

    11.11.1 Company Overview

    11.11.2 Product/Business Segment Overview

    11.11.3 Financial Updates

    11.11.4 Key Developments

    11.12 Bally Ribbon Mills

    11.12.1 Company Overview

    11.12.2 Product/Business Segment Overview

    11.12.3 Financial Updates

    11.12.4 Key Developments

    11.13 The InterTech Group, Inc.

    11.13.1 Company Overview

    11.13.2 Product/Business Segment Overview

    11.13.3 Financial Updates

    11.13.4 Key Developments

    11.14 Binani Industries Ltd.

    11.14.1 Company Overview

    11.14.2 Product/Business Segment Overview

    11.14.3 Financial Updates

    11.14.4 Key Developments

    11.15 Sarla Performance Fibers Limited

    11.15.1 Company Overview

    11.15.2 Product/Business Segment Overview

    11.15.3 Financial Updates

    11.15.4 Key Developments

    12. Conclusion

    LIST OF TABLES

    Table 1 High-Performance Fibers Market, by Region, 2020–2027

    Table 2 North America: High-Performance Fibers Market, by Country, 2020–2027

    Table 3 Europe: High-Performance Fibers Market, by Country, 2020–2027

    Table 4 Asia-Pacific: High-Performance Fibers Market, by Country, 2020–2027

    Table 5 Middle East & Africa: High-Performance Fibers Market, by Country, 2020–2027

    Table 6 Latin America: High-Performance Fibers Market, by Country, 2020–2027

    Table 7 High-Performance Fibers for Type Market, by Region, 2020–2027

    Table 8 North America: High-Performance Fibers for Type Market, by Country, 2020–2027

    Table 9 Europe: High-Performance Fibers for Type Market, by Country, 2020–2027

    Table 10 Asia-Pacific: High-Performance Fibers for Type Market, by Country, 2020–2027

    Table 11 Middle East & Africa: High-Performance Fibers for Type Market, by Country, 2020–2027

    Table 12 Latin America: High-Performance Fibers for Type Market, by Country, 2020–2027

    Table 13 High-Performance Fibers Application Market, by Region, 2020–2027

    Table 14 North America: High-Performance Fibers Application Market, by Country, 2020–2027

    Table 15 Europe: High-Performance Fibers Application Market, by Country, 2020–2027

    Table 16 Asia-Pacific: High-Performance Fibers Application Market, by Country, 2020–2027

    Table 17 Middle East & Africa: High-Performance Fibers Application Market, by Country, 2020–2027

    Table 18 Latin America: High-Performance Fibers Application Market, by Country, 2020–2027

    Table 19 Global Type Market, by Region, 2020–2027

    Table 20 Global Application Market, by Region, 2020–2027

    Table 21 North America: High-Performance Fibers Market, by Country, 2020–2027

    Table 22 North America: High-Performance Fibers Market, by Type, 2020–2027

    Table 23 North America: High-Performance Fibers Market, by Application, 2020–2027

    Table 24 Europe: High-Performance Fibers Market, by Country, 2020–2027

    Table 25 Europe: High-Performance Fibers Market, by Type, 2020–2027

    Table 26 Europe: High-Performance Fibers Market, by Application, 2020–2027

    Table 27 Asia-Pacific: High-Performance Fibers Market, by Country, 2020–2027

    Table 28 Asia-Pacific: High-Performance Fibers Market, by Type, 2020–2027

    Table 29 Asia-Pacific: High-Performance Fibers Market, by Application, 2020–2027

    Table 30 Middle East & Africa: High-Performance Fibers Market, by Country, 2020–2027

    Table 31 Middle East & Africa: High-Performance Fibers Market, by Type, 2020–2027

    Table 32 Middle East & Africa: High-Performance Fibers Market, by Application, 2020–2027

    Table 33 Latin America: High-Performance Fibers Market, by Country, 2020–2027

    Table 34 Latin America: High-Performance Fibers Market, by Type, 2020–2027

    Table 35 Latin America: High-Performance Fibers Market, by Application, 2020–2027

    LIST OF FIGURES

    FIGURE 1 High-Performance Fibers Market Segmentation

    FIGURE 2 Forecast Methodology

    FIGURE 3 Porter’s Five Forces Analysis of High-Performance Fibers Market

    FIGURE 4 Value Chain of High-Performance Fibers Market

    FIGURE 5 Share of High-Performance Fibers Market, by Country, 2020 (%)

    FIGURE 6 High-Performance Fibers Market, 2020–2027

    FIGURE 7 Sub-Segments of Types

    FIGURE 8 High-Performance Fibers Market Size, by Type, 2020

    FIGURE 9 Share of High-Performance Fibers Market, by Type, 2020–2027

    FIGURE 10 Sub-Segments of Application

    FIGURE 11 High-Performance Fibers Market Size, by Application, 2020

    FIGURE 12 Share of High-Performance Fibers Market, by Application, 2020–2027