High-Performance Fibers Market | Growth, Trends, and Forecast (2020

High-Performance Fibers Market - Growth, Trends, and Forecast (2020 - 2025)

The High-Performance Fibers Market is segmented by Type (Carbon Fiber, Aramid Fiber, Glass Fiber, Polyphenylene Sulfide, and Other Types), End-user Industry (Aerospace and Defense, Automotive, Sporting Goods, Alternative Energy, Electronics and Telecommunications, Construction and Infrastructure, and Other End-user Industries), and Geography (Asia-Pacific, North America, Europe, South America, and Middle-East and Africa)

ABOUT THIS REPORT
- Market Snapshot
- Market Overview
- Scope of the report
- Key Market Trends
- Competitive Landscape
- Major Players
TABLE OF CONTENTS

Market Snapshot

Study Period:

2016-2025

Base Year:

2019

Fastest Growing Market:

Asia Pacific

Largest Market:

Asia Pacific

CAGR:

8 %

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Market Overview

The global high-performance fibers market is estimated to witness a healthy growth, at an estimated CAGR of over 8%, over the forecast period. The major factors driving the growth of the market studied are increasing usage in renewable energy market and rising demand for greater safety & security.

Need for high investment in research and development is likely to hinder the markets growth.
New avenues in wind energy sector are likely to create opportunities for the market in the coming years.
Asia-Pacific region is expected to dominate the market and is also likely to witness highest CAGR during the forecast period.

Scope of the report

The global high-performance fibers market report includes:

Type

Carbon Fiber

Composite Materials
	Carbon Fiber Reinforced Polymer (CFRP)
	Reinforced Carbon-Carbon (RCC)

Textiles

Microelectrodes

Catalysis

Aramid Fiber
	Meta-Aramid
	Para-Aramid

Glass Fiber

Polyphenylene Sulfide (PPS)

Other Types

End-user Industry
		Aerospace and Defense
		Automotive
		Sporting Goods
		Alternative Energy
		Electronics and Telecommunications
		Construction and Infrastructure
		Other End-user Industries

Geography

Asia-Pacific
	China
	India
	Japan
	South Korea
	Rest of Asia-Pacific

North America
	United States
	Canada
	Mexico

Europe
	Germany
	United Kingdom
	Italy
	France
	Rest of Europe

South America
	Brazil
	Argentina
	Rest of South America

Middle-East and Africa
	Saudi Arabia
	South Africa
	Rest of Middle-East and Africa

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Key Market Trends

Increasing Demand from the Aerospace and Defense Sector

The high-performance fibers are a perfect choice for numerous aerospace and defense applications as they provide strength, endurance, and stability as required.
These fibers are designed for specialized use, based on the requirement of specific applications. These fibers are credited with exceptional weight to strength ratio, robustness, resistance to tear, electrical conductivity, and also chemical resistance. However, these attributes may vary from product to product.
In the defense industry, the use of high-performance fiber-reinforced plastics are present in missile defense, ground defense, and military marine.
In Asia-Pacific, the aerospace industry is growing at a fast rate, as many of the countries have increased their spending on defense platforms and technologies. In addition, Southeast Asia continues to be the fastest-growing region in terms of passenger travel.
Increasing use of high-performance fiber in aircraft, coupled with the increasing number of aircraft launched in the market, annually, is expected to provide a huge growth opportunity for the high-performance fiber market in the aerospace industry in the forecast period.

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Asia-Pacific Region to Dominate the Market

Asia-Pacific region is expected to dominate the market. In the region, China is the largest economy, in terms of GDP. China is one of the fastest emerging economies and has become one of the biggest production houses in the world, today. The country’s manufacturing sector is one of the major contributors to the country’s economy.
The Chinese aircraft industry depicted significant growth over the years. According to Boeing, China is estimated to require around 7,600 new commercial aircraft, valued at USD 1.2 trillion, over the next two decades.
Foreign investment in China has also been extended into the aviation sector, which is projected to register a CAGR of 6%, owing to China’s geographical location, which provides easy access to the industrial goods markets in the neighboring countries, as well as, other countries globally, making it a major access point for manufacturers and suppliers.
China is the largest manufacturer of automobiles in the world. The country’s automotive sector has been shaping up for product evolution, with the country focusing on manufacturing products, in order to ensure fuel economy, and to minimize emissions (owing to the growing environmental concerns due to mounting pollution in the country).
The production is expected to reach 30 million units by 2020, owing to the “Made in China 2025” initiative support in upgrading the existing low-cost mass production to higher value-added advanced manufacturing. “Automobile Mid and Long-Term Development Plan”, was released in 2017, with an objective to make China a strong auto power in the next ten years.
Due to all such factors, the market for high-performance fibers in the region is expected to have a steady growth during the forecast period.

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Competitive Landscape

The high-performance fibers market is consolidated in nature. Some of the major players in the market include DuPont, Owens Corning, TEIJIN LIMITED, TORAY INDUSTRIES, INC., and Hexcel Corporation, among others.

Major Players

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1. INTRODUCTION
1. 1.1 Study Assumptions
2. 1.2 Scope of the Study
2. RESEARCH METHODOLOGY
3. EXECUTIVE SUMMARY
4. MARKET DYNAMICS
1. 4.1 Drivers
  1. 4.1.1 Increasing Usage in Renewable Energy Market
  2. 4.1.2 Rising Demand for Greater Safety & Security
  3. 4.1.3 Other Drivers
2. 4.2 Restraints
  1. 4.2.1 Need for High Investment in R&D
  2. 4.2.2 Impact of COVID-19 Pandemic
3. 4.3 Industry Value-Chain Analysis
4. 4.4 Porters Five Force Analysis
  1. 4.4.1 Bargaining Power of Suppliers
  2. 4.4.2 Bargaining Power of Consumers
  3. 4.4.3 Threat of New Entrants
  4. 4.4.4 Threat of Substitute Products and Services
  5. 4.4.5 Degree of Competition
5. MARKET SEGMENTATION
1. 5.1 Type
  1. 5.1.1 Carbon Fiber
    1. 5.1.1.1 Composite Materials
      1. 5.1.1.1.1 Carbon Fiber Reinforced Polymer (CFRP)
      2. 5.1.1.1.2 Reinforced Carbon-Carbon (RCC)
    2. 5.1.1.2 Textiles
    3. 5.1.1.3 Microelectrodes
    4. 5.1.1.4 Catalysis
  2. 5.1.2 Aramid Fiber
    1. 5.1.2.1 Meta-Aramid
    2. 5.1.2.2 Para-Aramid
  3. 5.1.3 Glass Fiber
  4. 5.1.4 Polyphenylene Sulfide (PPS)
  5. 5.1.5 Other Types
2. 5.2 End-user Industry
  1. 5.2.1 Aerospace and Defense
  2. 5.2.2 Automotive
  3. 5.2.3 Sporting Goods
  4. 5.2.4 Alternative Energy
  5. 5.2.5 Electronics and Telecommunications
  6. 5.2.6 Construction and Infrastructure
  7. 5.2.7 Other End-user Industries
3. 5.3 Geography
  1. 5.3.1 Asia-Pacific
    1. 5.3.1.1 China
    2. 5.3.1.2 India
    3. 5.3.1.3 Japan
    4. 5.3.1.4 South Korea
    5. 5.3.1.5 Rest of Asia-Pacific
  2. 5.3.2 North America
    1. 5.3.2.1 United States
    2. 5.3.2.2 Canada
    3. 5.3.2.3 Mexico
  3. 5.3.3 Europe
    1. 5.3.3.1 Germany
    2. 5.3.3.2 United Kingdom
    3. 5.3.3.3 Italy
    4. 5.3.3.4 France
    5. 5.3.3.5 Rest of Europe
  4. 5.3.4 South America
    1. 5.3.4.1 Brazil
    2. 5.3.4.2 Argentina
    3. 5.3.4.3 Rest of South America
  5. 5.3.5 Middle-East and Africa
    1. 5.3.5.1 Saudi Arabia
    2. 5.3.5.2 South Africa
    3. 5.3.5.3 Rest of Middle-East and Africa
6. COMPETITIVE LANDSCAPE
1. 6.1 Mergers and Acquisitions, Joint Ventures, Collaborations, and Agreements
2. 6.2 Market Share Analysis**
3. 6.3 Strategies Adopted by Leading Players
4. 6.4 Company Profiles
  1. 6.4.1 AGY
  2. 6.4.2 Bally Ribbon Mills
  3. 6.4.3 Braj Binani Group
  4. 6.4.4 DSM
  5. 6.4.5 DuPont
  6. 6.4.6 Hexcel Corporation
  7. 6.4.7 Honeywell International Inc.
  8. 6.4.8 Jushi Group Co., Ltd.
  9. 6.4.9 KUREHA CORPORATION
  10. 6.4.10 Mitsubishi Chemical Corporation
  11. 6.4.11 Owens Corning
  12. 6.4.12 PBI Fibers International
  13. 6.4.13 Sarla Performance Fibers Limited
  14. 6.4.14 SHANGHAI SRO PROTECTIVE EQUIPMENT CO.,LTD.
  15. 6.4.15 Solvay
  16. 6.4.16 TEIJIN LIMITED
  17. 6.4.17 TORAY INDUSTRIES, INC.
  18. 6.4.18 TOYOBO CO., LTD.
  19. 6.4.19 W. L. Gore & Associates, Inc.
  20. 6.4.20 Yantai Tayho Advanced Materials Co.,Ltd.

*List Not Exhaustive

7. MARKET OPPORTUNITIES AND FUTURE TRENDS
1. 7.1 New Avenues in Wind Energy Sector

** Subject to Availability