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 2023 | Region: Global | 140 Pages         

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High-Performance Fiber Market

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.

Segmentation
By Type carbon fiber aramid fiber ceramic fiber glass fiber PBI PPS PE fiber
By Application automotive aerospace & defense building & construction energy textiles
Key Players
Companies Profiled   TEIJIN LIMITED (Japan)   Mitsubishi Chemical Corporation (Japan)   Corning Incorporated (US)   Solvay (Belgium)   Kureha Corporation (Japan)   PBI Performance Products   Honeywell International Inc. (US)   AGY (US)   ZOLTEK Corporation (US)   Yantai Tayho Advanced Materials Co.   PHP Fibers GmbH (Germany)   Bally Ribbon Mills (US)   The InterTech Group   Binani Industries Ltd. (India)   Sarla Performance Fibers Limited (India)
Drivers
Market Driving Forces   Surging demand from major end-use industries namely automotive    aerospace & defense    and electronics & telecommunication
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High-performance fiber market overview


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. And the objective of this study is to analyze and forecast the size of the high-performance fiber market, in terms of value, to define, describe, and forecast the high-performance fiber market by type, application, and region, and to forecast the market size of different divisions based on varied areas, such as Europe, North America, Asia Pacific, the Middle East and Africa, and South America. To give detailed information regarding main elements, such as restraints, drivers, opportunities, and challenges influencing the growth market during the forecast period, and to strategically analyze the divisions of the high-performance fiber market, based on individual growth trends, future prospects, and the contribution to the total market. Every year, competitive developments, such as joint ventures, alliances, mergers and acquisitions, and new product launches are taking a high place in the high-performance fiber market.


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.


Recent Development


It has been considered 2015 as the base year for the market profile, and the study estimated the size of the high-performance fiber market for 2016 and the expected demand for high-performance fibers till 2021. This also provides a complete detailed qualitative and quantitative analysis of the high-performance fiber market, and various secondary sources, including directories, industry journals, various associations, and databases, like Bloomberg, Hoovers, Chemical weekly, Factiva, government and private websites, and associations have been used to identify and collect information, useful for this commercial study of the high-performance fiber market, and main sources, such as experts from related industries and suppliers have been interviewed to obtain and verify information as well as assess future prospects of the high-performance fiber market.


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.