Global high performance fibers market is expected to witness high growth over the forecast period on account of growing end use industries such as automotive, defense, building & construction. High performance fibers offer heat resistance, exceptional strength and chemical resistance which make it as a preferable material in application areas. Some of the high performance fibers are considered as niche products whereas some are produced in ample amount in order to meet the end use industries demand. Normally used high performance fibers include carbon and glass Owing to various properties such as high elongation, insulation, fire resistance and high tension, global high performance fibers demand is expected to augment over the forecast period. High performance fibers offer increase in durability of the application product. Growing high performance fibers application in end use industries especially in automotive sector and construction sector are expected to augment global high performance fibers market over the forecast period. Owing to different high performance fibers properties, they are used in diversified application areas. Raw materials prices volatility coupled with recyclability related issues is expected to obstruct global high performance fibers market over the forecast period. High fiber price is also expected to hinder the global market growth in the coming years.
Global high performance fibers market is segmented on the basis of products and application. Product segment includes carbon, polybenzimidazole (PBI), aramid, polyphenylene sulfide (PPS), melamine, fluoropolymer, HDPE and ceramics. Application segment is categorized as electronics & telecommunication, textile, aerospace, marine, medical sector, defense, automotive, energy and construction & building. In electronics & telecommunication sector, high performance fibers are used in electronics circuit and fiber optics while in textile industry, they are used for technical textile production on account of its ability to offers great resistance from chemical and fire. In aerospace industry, carbon fibers coupled with aramid & ceramic fibers are widely used in engines to enhance its performance and increase fuel efficiency. Carbon and aramid fibers are also widely used in defense sector for composites manufacturing which are used in vehicles and vessels. High performance fibers also helps in increasing automobiles engines efficiency on account of which huge product demand can be expected from automobile industry.
Asia Pacific was holding major high performance fibers market share, and is expected to continue this trend over the forecast period. China along with India are also expected to be major market growth contributors on account of growing development and rapid industrialization in various end use industries such as automotive coupled with textile and electronics industry. Other countries such as Japan, South Korea and Taiwan are also expected to boost the market growth in Asia Pacific over the forecast period. Huge high performance fibers demand from defense and military sector in North America were the major driving element in the market growth and is expected to continue this trend over the forecast period. Growing aerospace industry in North America is also expected to augment the regional market growth. U.K, Germany and Italy were the major consumer in Europe region and is expected to witness stagnant growth over the forecast period. Significant high performance fibers market growth is expected in Middle East and Central & South America in coming years.
Global high performance fiber market players include Toray Industries Inc., Kureha. Co, Koninklijke Ten Cate, Sinopec Yizheng Chemical Fiber Co., Zoltek Companies Inc., DSM, Dupont, Teijin Ltd., Yantai Tayho Advanced Materials and Sinosteel Jilin Carbon. Global market is fragmented in nature which results in more market competency among the operating market players. Companies are expected to focus on the recyclability issues related to high performance fibers by continuing their research and development activities in coming years.
Avail customized purchase options to meet your research needs:
Get your queries resolved from an industry expert. Request for a free product review before report purchase.
Speak to the report author to design an exclusive study to serve your research needs.
A testimonial for service excellence represented in the form of BBB "A" Accreditation.
Your personal and confidential information is safe and secure.