High-performance fibers are the higher value fiber which are widely used in a range of applications. These types of fibers differ from the common fibers based on the special technical functions which require a specific performance property. These are commonly referred to as a fiber with some unique characteristics which is helpful in particular application. Generally, the high-performance fibers exhibit remarkably high tensile strength and modulus, resistance to heat, flame, resistance to chemical agents which can easily degrade conventional fibers.
According to the MRFR analysis, the global high-performance fiber market size is estimated to grow at a healthy CAGR of more than 8% to reach over USD 25 billion in 2030.
Market Segmentation
The global high-performance fiber market size has been segmented on the basis of type, application, and region.
Based on type, the global high-performance fiber market size has been segregated into carbon fiber, aramid fiber, ceramic fiber, glass fiber, polybenzimidazole (PBI), polyphenylene sulfide (PPS), PE fiber, and others.
On the basis of application, the market is categorized into automotive, aerospace & defense, building & construction, electronics & telecommunication, energy, textiles, sports & leisure, and others.
Regional Analysis
The global high-performance fiber market size has been segmented across five regions—Asia-Pacific, North America, Europe, Latin America, and the Middle East & Africa. The market in Asia-Pacific is anticipated to grow at the highest CAGR owing to the rising product demand in the automotive, construction, and electronics & telecommunication sectors. In addition, the high-performance fibers are widely used in the wind turbines. This is expected to fuel the market growth in the region during the assessment period.
Europe and North America are expected to witness significant growth during the forecast period. This is mainly due to the growing demand for the advanced light materials in automotive and aerospace industry. The Middle East & Africa and Latin America held little pie of share in this market.
Competitive Analysis
The leading players in the global high-performance fiber market size are TEIJIN LIMITED (Japan), Mitsubishi Chemical Corporation (Japan), Corning Incorporated (US), Solvay (Belgium), Kureha Corporation (Japan), PBI Performance Products, Inc. (US), Honeywell International Inc. (US), AGY (US), ZOLTEK Corporation (US), Yantai Tayho Advanced Materials Co.,Ltd. (China), PHP Fibers GmbH (Germany), Bally Ribbon Mills (US), The InterTech Group, Inc. (US), Binani Industries Ltd. (India), and Sarla Performance Fibers Limited (India), among others
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Intended Audience
- High-Performance Fiber Manufacturers
- Traders and distributors of High-Performance Fiber
- Research and Development Institutes
- Potential investors
- Raw material suppliers
- Nationalized laboratories