PUBLISHER: Allied Market Research | PRODUCT CODE: 1140248
PUBLISHER: Allied Market Research | PRODUCT CODE: 1140248
The global high performance fibers market was valued at $11,256.4 million in 2021, and is projected to reach $23,151.6 million by 2031, registering a CAGR of 7.4% from 2022 to 2031. High-performance fibers are derived from their unique molecule and phase structures. Besides high tensile strength and modulus, they may also have very high levels of other properties such as operating temperature, heat resistance, flame retardancy, and chemical resistance. The demand for organic high performance fiber is growing. Thus this is the major factor driving the growth of the market. In addition, rise in usage of renewable resources is leading to growth in demand for the high performance fibers.
However, high cost for manufacturing the high performance fibers is a factor limiting its growth in the market. In addition, non-biodegradable nature of the high performance fibers is limiting their adoption for different industries.
On the contrary, the growing stellar industry is expected to offer new opportunities for the market, owing to demand for these fibers for manufacturing the durable and efficient semiconductors.
The global high performance fibers Market segmented on the basis of product, application, end user, and region. On the basis of product, it is classified into carbon fiber, aramid, polybenzimidazole and others. By application, it is divided into aerospace & defense, automotive, sporting goods and others. By end user, it is segmented into personal, public and others. Region wise, the market is analyzed across North America, Europe, Asia-Pacific, and LAMEA.
The major players profiled in the global high performance fibers market include, 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.
Key Benefits For Stakeholders
Key Market Segments
By Product
By Application
By End user
By Region