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High-performance Fiber Market (Product - Carbon Fiber, Polybenzimidazole (PBI), Aramid Fiber, Polybenzoxazole (PBO), Glass Fiber, High Strength Polyethylene, and Others; Application - Electronics & Telecommunication, Textile, Aerospace & Defense, Construction & Building, Automotive, Sporting Goods, and Others): Global Industry Analysis, Trends, Size, Share and Forecasts to 2026

  • Published : May, 2021

  • Rep Id : CM00855

  • Category : Chemicals & Materials

  • Status : Published

A recent report published by Infinium Global Research on high-performance fiber market provides in-depth analysis of segments and sub-segments in the global as well as regional high-performance fiber market. The study also highlights the impact of drivers, restraints, and macro indicators on the global and regional high-performance fiber market over the short term as well as long term. The report is a comprehensive presentation of trends, forecast and dollar values of the global high-performance fiber market. According to the report, the global high-performance fiber market is projected to grow at a CAGR of 10.2% from USD 14.6 billion in 2020 to over USD 26 billion in 2026 during the forecast period of 2020-2026.


Market Insight

High-performance fibers are being increasingly used for a broad range of applications such as geotextiles and geomembranes and for construction and civil engineering projects. It is also used in specialist fibers in compound materials where their capability to fulfill demanding roles makes high-performance fiber an effective choice for the engineer and materials scientist. These fibers have characteristics such as higher tenacity and higher modulus than typical fibers.

 

The rapidly growing use of high-performance fiber in aerospace and spacecraft for the manufacturing of various parts is the primary factor driving the growth of the high-performance fiber market. Versatile properties offered by high-performance fiber-based components they are used in various industries such as aerospace and defense, automotive, construction and infrastructure, wind energy, sporting goods, and so on. The high-performance fiber-reinforced composite materials are used to make the aircraft, spacecraft parts, and automotive parts as they need high strength and low weight. The high-performance fiber fulfills the requirements as they offer high strength with a relatively low weight with high corrosion resistance. However, the high cost of production of high-performance fibers is restraining the market growth. Moreover, increasing demand for lightweight but strong material from the automotive and aerospace industries is anticipated to create more opportunities in the forecasted years. COVID-19 has impacted consumer spending across a range of end-use sectors of the high-performance fiber as the global economy goes into decline. The fiber end-user sectors such as apparel, homes textiles, automotive, and beyond are negatively impacted due to the spread of coronavirus over the world. However, some new sectors such as Personal Protection Equipment (PPE) will see increasing demand for high-performance fiber in the market.

 

Among the region, The Asia-Pacific market is the leading market of high-performance fiber, owing to the growing demand of high-performance fiber in numerous sectors as automotive, wind energy, electrical and electronics, and the construction and infrastructure industry. China is the leading market in the Asia-Pacific region. North America holds a significant market share of the high-performance fiber market. The presence of the largest aircraft makers in this region results in increased demand for high-performance fiber in this region. Many automotive manufacturers are focusing on the production of lightweight cars that is likely to boost the growth of the high-performance fiber market in this region.

 

Segment Covered

The report on global high-performance fiber market covers segments such as product, and application. On the basis of product, the sub-markets include carbon fiber, polybenzimidazole (PBI), aramid fiber, polybenzoxazole (PBO), glass fiber, high strength polyethylene, and others. On the basis of application, the sub-markets include electronics & telecommunication, textile, aerospace & defense, construction & building, automotive, sporting goods, and others.

 

Companies Profiled:

The report provides profiles of the companies in the market such as Teijin Ltd., E. I. du Pont Nemours and Company, Yantai Tayho Advanced Materials Co., Ltd., Cytec Industries Inc., Mitsubishi Rayon Co., Ltd., Owens Corning, PBI Performance Products, Inc., Toray Industries, Koninklijke Ten Cate NV, and Kureha Corporation.

 

Report Highlights:

The report provides deep insights into the demand forecasts, market trends, and micro and macro indicators. In addition, this report provides insights into the factors that are driving and restraining the growth in this market. Moreover, The IGR-Growth Matrix analysis given in the report brings an insight into the investment areas that existing or new market players can consider. The report provides insights into the market using analytical tools such as Porter's five forces analysis and DRO analysis of high-performance fiber market. Moreover, the study highlights current market trends and provides forecast from 2020-2026. We also have highlighted future trends in the market that will affect the demand during the forecast period. Moreover, the competitive analysis given in each regional market brings an insight into the market share of the leading players.


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