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.
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
- This report provides a quantitative analysis of the market segments, current trends, estimations, and dynamics of the high performance fibers market analysis from 2021 to 2031 to identify the prevailing high performance fibers market opportunities.
- The market research is offered along with information related to key drivers, restraints, and opportunities.
- Porter's five forces analysis highlights the potency of buyers and suppliers to enable stakeholders make profit-oriented business decisions and strengthen their supplier-buyer network.
- In-depth analysis of the high performance fibers market segmentation assists to determine the prevailing market opportunities.
- Major countries in each region are mapped according to their revenue contribution to the global market.
- Market player positioning facilitates benchmarking and provides a clear understanding of the present position of the market players.
- The report includes the analysis of the regional as well as global high performance fibers market trends, key players, market segments, application areas, and market growth strategies.
Key Market Segments
By Product
- Carbon fiber
- Aramid
- Polybenzimidazole
- Others
By Application
- Sporting goods
- Others
- Aerospace and defense
- Automotive
By End user
- Personal
- Public
- Others
By Region
- North America
- U.S.
- Canada
- Mexico
- Europe
- Germany
- UK
- France
- Italy
- Spain
- Russia
- Rest of Europe
- Asia-Pacific
- China
- Japan
- South Korea
- India
- Australia
- Indonesia
- Rest of Asia-Pacific
- LAMEA
- Brazil
- Argentina
- United Arab Emirates
- Nigeria
- South Africa
- Rest of LAMEA
Key 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
- Kureha Corporation
- Mitsubishi Rayon Co., Ltd.
- OWENS CORNING
- PB Performance Products, Inc.
- Sarla Performance Fiber Ltd
- Teijin Ltd.
- Toray Industries, Inc.
- Toyobo Co. Ltd
- Yantai Tayho Advanced Materials Co. Ltd
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Table of Contents
CHAPTER 1: INTRODUCTION
CHAPTER 2: EXECUTIVE SUMMARY
CHAPTER 3: MARKET OVERVIEW
CHAPTER 4: HIGH PERFORMANCE FIBERS MARKET, BY PRODUCT
CHAPTER 5: HIGH PERFORMANCE FIBERS MARKET, BY APPLICATION
CHAPTER 6: HIGH PERFORMANCE FIBERS MARKET, BY END USER
CHAPTER 7: HIGH PERFORMANCE FIBERS MARKET, BY REGION
CHAPTER 8: COMPANY LANDSCAPE
CHAPTER 9: COMPANY PROFILES
List of Tables
List of Figures
Executive Summary
According to the report, titled, “High Performance Fibers Market," the high performance fibers market size was valued at $11.3 billion in 2021, and is estimated to reach $23.2 billion by 2031, growing at a CAGR of 7.4% from 2022 to 2031. High-performance fibers are those that are engineered for specific uses that require exceptional strength, stiffness, heat resistance, or chemical resistance. Increase in demand from various end use industries for their high impact resistant, non-abrasive, vibrations and shock absorbent properties has boosted the growth of market. It is expected that rise in technical developments in the use of additive manufacturing in aerospace production would open up new opportunities for the demand for high-performance fibers in the forecast period.Due to lockdown and various other issues regarding production, the demand for high performance fibers in automotive and aviation industry is reducing drastically, which tends to reduce the consumption of high performance fibers, and is thus constraining the high performance fibers market growth.
During the pandemic, various manufacturers in the high performance fibers market had to stop their business in countries such as China, the U.S., and India. In addition, lack of technology also constricted supply of machines of high performance fibers. However, reopening of production facilities and introduction of vaccines for coronavirus disease are anticipated to lead to re-opening of high performance fibers companies.
However the number of players in the high performance fibers industry are expanding their business and acquiring companies to strengthen their foothold in the global market.
The key players profiled in the high performance fibers market report 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.
Region wise, the high performance fibers market analysis is conducted across North America (U.S., Canada, and Mexico), Europe (Germany, the UK, Italy, France, Spain, Russia and rest of Europe), Asia-Pacific (China, India, Japan, Australia, South Korea, Indonesia and rest of Asia-Pacific), and LAMEA (Brazil, Argentina, United Arab Emirates, Nigeria, South Africa and Rest of LAMEA).
Major companies in the market have adopted product launch, partnership, business expansion and acquisition as their key developmental strategies to offer better products and services to customers in the high performance fibers market.
Key Findings of the Study
- The report provides an extensive analysis of the current and emerging global high performance fibers market trends and dynamics.
- Depending on product, the carbon fiber segment was the largest revenue generator in 2021.
- By application, the others segment generated the highest revenue in 2021.
- Based on end user, the others segment dominated the market in 2021.
- Region wise, Europe is anticipated to dominate the global high performance fibers market share throughout the study period.
- The report provides an extensive analysis of the global high performance fibers market trends and emerging opportunities of the market.
- The global high performance fibers market forecast analysis from 2022 to 2031 is included in the report.
Companies Mentioned
- 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
- Kureha Corporation
- Mitsubishi Rayon Co. Ltd.
- Owens Corning
- Pb Performance Products, Inc.
- Sarla Performance Fiber Ltd
- Teijin Ltd.
- Toray Industries, Inc.
- Toyobo Co. Ltd
- Yantai Tayho Advanced Materials Co. Ltd
Methodology
The analyst offers exhaustive research and analysis based on a wide variety of factual inputs, which largely include interviews with industry participants, reliable statistics, and regional intelligence. The in-house industry experts play an instrumental role in designing analytic tools and models, tailored to the requirements of a particular industry segment. The primary research efforts include reaching out participants through mail, tele-conversations, referrals, professional networks, and face-to-face interactions.
They are also in professional corporate relations with various companies that allow them greater flexibility for reaching out to industry participants and commentators for interviews and discussions.
They also refer to a broad array of industry sources for their secondary research, which typically include; however, not limited to:
- Company SEC filings, annual reports, company websites, broker & financial reports, and investor presentations for competitive scenario and shape of the industry
- Scientific and technical writings for product information and related preemptions
- Regional government and statistical databases for macro analysis
- Authentic news articles and other related releases for market evaluation
- Internal and external proprietary databases, key market indicators, and relevant press releases for market estimates and forecast
Furthermore, the accuracy of the data will be analyzed and validated by conducting additional primaries with various industry experts and KOLs. They also provide robust post-sales support to clients.
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Table Information
| Report Attribute | Details |
|---|---|
| No. of Pages | 220 |
| Published | July 2022 |
| Forecast Period | 2021 - 2031 |
| Estimated Market Value ( USD | $ 11256.4 million |
| Forecasted Market Value ( USD | $ 23151.6 million |
| Compound Annual Growth Rate | 7.5% |
| Regions Covered | Global |
| No. of Companies Mentioned | 17 |
