The market research report, entitled High-Performance Fiber Market shows good possibilities in the High-Performance Fiber Market during the next five-year period and ensures more information regarding market trends. The following summary will give an overview of the drivers, challenges, and key players in the market.

Global High-Performance Fiber Market Forecast:

The high-performance fiber market was estimated at USD 12.19 billion in 2021 and is likely to rebound at a promising CAGR of 8.6% during 2022-2028 to reach USD 21.81 billion in 2028.

The use of high-performance fibers to increase fuel efficiency and reduce emissions in cars and aircraft will help the market to grow further.

Market Highlights

High-performance fibers are those that have been specially designed for applications that call for a high level of stiffness, strength, heat resistance, or chemical resistance. There are numerous fibers with a wide range of characteristics. These fibers are generally stronger and more flexible than other fibers. High thermal and chemical resistance to the majority of organic solvents, high abrasion resistance, non-conductivity, and good fabric integrity at high temperatures are just a few of the superior qualities that some high-performance fibers offer. The product also has a high rigidity and superior strength-to-weight ratio, making it extremely useful for aerospace applications.

The high-performance fibers market was negatively impacted by the pandemic as it plunged the demand for high-performance fibers from their various key end-use industries, such as automotive, and aerospace, among others, as these industries experienced low production output during the pandemic. The impact of lower production was registered across the supply chain including the level of components.

The growing usage of high-performance fibers in composite reinforcement for use in military vehicles, aircraft, electronics, and sporting goods is expected to drive the market's growth over the forecast period. Technological advancement in the use of additive manufacturing in aerospace production would create new opportunities for the market. Substitution of asbestos by high-performance fibers for manufacturing bulletproof clothing, tires, belts, concrete reinforcement, and heat-resistant cushions would also support the growth of the market. 

Key Players

The following are some of the key players in the High-Performance Fiber Market:

  • Toray Industries, Inc.
  • DuPont
  • Teijin Limited
  • Toyobo Co. Ltd
  • DSM
  • Kermel S.A.
  • Kolon Industries, Inc.
  • Huvis Corp
  • China National Bluestar (Group) Co., Ltd.
  • SRO Aramid (Jiangsu) Co., Ltd.

Report Features

This report provides market intelligence in the most comprehensive way. The report structure has been kept such that it offers maximum business value. It provides critical insights into the market dynamics and will enable strategic decision-making for the existing market players as well as those willing to enter the market. The following are the key features of the report:

  • Market structure: Overview, industry life cycle analysis, supply chain analysis
  • Market environment analysis: Growth drivers and constraints, Porter’s five forces analysis, SWOT analysis
  • Market trend and forecast analysis
  • Market segment trend and forecast
  • Competitive landscape and dynamics: Market share, product portfolio, product launches, etc.
  • Attractive market segments and associated growth opportunities
  • Emerging trends
  • Strategic growth opportunities for the existing and new players
  • Key success factors

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Ritesh Gandecha

Stratview Research

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Direct: +1-313-307-4176

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