Increase in use of high performance fibers for numerous aerospace, electronics & communication, and defense applications due to their exceptional strength, stiffness and heat resistance properties drive the growth of the global high performance fibers market.
PORTLAND, Ore., Aug. 30, 2022 /PRNewswire/ -- Allied Market Research published a report, titled, 'High Performance Fibers Market by Product (Carbon fiber, Aramid, Polybenzimidazole, Others), by Application (Aerospace and defense, Automotive, Sporting goods, Others), by End user (Personal, Public, Others): Global Opportunity Analysis and Industry Forecast, 2022-2031.' According to the report, the global high performance fibers industry generated $11.3 billion in 2021, and is estimated to reach $23.2 billion by 2031, witnessing a CAGR of 7.4% from 2022 to 2031. The report offers a detailed analysis of the changing market trends, top segments, key investment pockets, value chain, regional landscape and competitive scenario.
Download Sample PDF: https://www.alliedmarketresearch.com/request-sample/17403
Increase in use of high performance fibers for numerous aerospace, electronics & communication, and defense applications due to their exceptional strength, stiffness and heat resistance properties drive the growth of the global high performance fibers market. However, high production costs and non-biodegradable nature of high performance fibers hamper the market growth. On the other hand, rise in technical developments in additive manufacturing for aerospace production are expected to present lucrative opportunities for the growth of the high performance fibers market in the future.
- The outbreak of the COVID-19 pandemic negatively impacted the high performance fibers market.
- Manufacturing of various equipment used for high performance fibers as well as their demand declined significantly, leading to a slowdown of sales.
- However, the market is gaining traction with governments of various nations relaxing Covid restrictions and industries gradually resuming their regular manufacturing and services.
Based on product, the carbon fiber segment grabbed nearly one-third of the global high performance fibers market in 2021, and is expected to rule the roost during the forecast period. This is due to the high strength and low manufacturing cost of carbon fibers. However, the others segment is projected to witness the largest CAGR of 8.5% from 2022 to 2031, owing to the increase in R&D activities and advancement in high performance fibers. The report also analyzes segments such as aramid, polybenzimidazole and others.
Get detailed COVID-19 impact analysis on the high performance fibers market: https://www.alliedmarketresearch.com/request-for-customization/17403
Based on end user, the personal segment is likely to witness the highest CAGR of 9.6% during the forecast period, owing to the increased use of these fibers in personal products such as clothes, automobiles and sports goods. However, the others segment contributed to more than two-fifths of the global high performance fibers market in 2021, and is expected to maintain its leadership status during the forecast period. This is due to the growing use of high performance fibers in governmental and institutional applications. The report also analyzes the public segment.
Based on region, Europe was the largest market in 2021, accounting for more than two-fifths of the global high performance fibers market, and is expected to maintain its dominance during the forecast period, owing to high quality of products used in the region. However, the LAMEA segment is projected to manifest the fastest CAGR of 10.2% during the forecast period, owing to the increase in industrialization and urbanization in the region. The other regions discussed in the report are Asia-Pacific and North America.
Leading Market Players
- Cytec Industries Inc.
- E.I.du Pont Nemours and Company
- Freudenberg Performance Materials
- Huvis Corporation
- Indorama Ventures
- Kermel S.A
- Kolon Industries
- Koninklike Ten Cate NV (Netherlands)
- Kureha Corporation (Japan)
- Mitsubishi Rayon Co., Ltd. (Japan)
- Owens Corning
- PB Performance Products, Inc. (U.S.)
- Sarla Performance Fiber Ltd.
- Teijin Ltd.
- Toray Industries, Inc. (Japan)
- Toyobo Co. Ltd.
- Yantai Tayho Advanced Materials Co. Ltd.
Interested in Procure Data? Visit:https://www.alliedmarketresearch.com/connect-to-analyst/17403
The report analyzes these key players of the global high performance fibers market. The players have adopted various strategies such as expansion, new product launches, partnerships, and others to increase their market penetration and strengthen their position in the industry. The report is helpful in determining the business performance, operating segments, product portfolio, and developments by every market player.
Access AVENUE- A Subscription-Based Library (Premium on-demand, subscription-based pricing model) at: https://www.alliedmarketresearch.com/library-access
Avenue is a user-based library of global market report database, provides comprehensive reports pertaining to the world's largest emerging markets. It further offers e-access to all the available industry reports just in a jiffy. By offering core business insights on the varied industries, economies, and end users worldwide, Avenue ensures that the registered members get an easy as well as single gateway to their all-inclusive requirements.
Avenue Library Subscription | Request for 14 days free trial of before buying: https://www.alliedmarketresearch.com/avenueTrial
Similar Reports We Have:
Continuous Basalt Fiber Market global continuous basalt fiber market size was valued at $173.7 million in 2020, and is expected to reach $473.4 million by 2030
Plastic Extrusion Machine Market global plastic extrusion machines market size was valued at $6,303.0 million in 2019, and is projected to reach $7,930.4 million by 2027
Building and Construction Plastics Market Plastic Market was valued at $57,908.8 million in 2017 and is expected to reach $104,507 million by 2025, growing at a CAGR of 7.6%.
Plastic Injection Molding Machine Market: global plastic injection molding machines market size was valued at $8,374.8 million in 2020, and is projected to reach $12,723.9 million in 2030
Pre-Book Now with 10% Discount:
Laser Plastic Welding Market - Global Opportunity Analysis and Industry Forecast, 2022-2029
Plastics Processing Machinery Market Global Opportunity Analysis and Industry Forecast, 2022-2029
About Allied Market Research:
Allied Market Research (AMR) is a full-service market research and business-consulting wing of Allied Analytics LLP based in Portland, Oregon. Allied Market Research provides global enterprises as well as medium and small businesses with unmatched quality of "Market Research Reports" and "Business Intelligence Solutions." AMR has a targeted view to provide business insights and consulting to assist its clients to make strategic business decisions and achieve sustainable growth in their respective market domain.
We are in professional corporate relations with various companies and this helps us in digging out market data that helps us generate accurate research data tables and confirms utmost accuracy in our market forecasting. Allied Market Research CEO Pawan Kumar is instrumental in inspiring and encouraging everyone associated with the company to maintain high quality of data and help clients in every way possible to achieve success. Each and every data presented in the reports published by us is extracted through primary interviews with top officials from leading companies of domain concerned. Our secondary data procurement methodology includes deep online and offline research and discussion with knowledgeable professionals and analysts in the industry.
Contact us:
David Correa
5933 NE Win Sivers Drive
#205, Portland, OR 97220
United States
Toll Free (USA/Canada): 1-800-792-5285,
UK: +44-845-528-1300
Hong Kong: +852-301-84916
India (Pune): +91-20-66346060
Fax: +1-855-550-5975
help@alliedmarketresearch.com
Web: https://www.alliedmarketresearch.com
Follow Us on | Facebook | LinkedIn
Logo: https://mma.prnewswire.com/media/636519/Allied_Market_Research_Logo.jpg
