High Performance Fibers Market Segmented By Product, Application and Region
Industry: Chemicals and Materials
Published Date: September-2022
Format: PPT*, PDF, EXCEL
Delivery Timelines: Contact Sales
Number of Pages: 250
Report ID: PMRREP4438
The value of the high performance fibers market is US$ 12 Bn in 2022, which is likely to increase to US$ 27.5 Bn by the end of 2032, expanding at a high-value CAGR of 8.6% through 2032.
Based on product, demand for polybenzimidazole (PBI) is likely to progress at the highest CAGR of 14.1% from 2022 to 2032 due to its superior properties such as no melting point and high glass transition temperature.
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High Performance fibers Market Size (2022E) |
US$ 12 Bn |
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Projected Sales Value of High Performance Fibers (2032F) |
US$ 27.5 Bn |
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Market Growth Rate (2022-2032) |
8.6% CAGR |
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Value Share of Aerospace and Defense Industry (2021A) |
44.1% |
High performance fibers are those fibers that offer exceptional strength, heat, and chemical resistance. High performance fibers are niche products but some of them are manufactured in large quantities according to the demand from end-user industries. High performance fibers offer various properties such as fire resistance, high elongation, high tension, and insulation among others.
High performance fibers include various fibers such as aramid fibers, carbon fibers, melamine fibers, polybenzimidazole fibers (PBI), fluoropolymer fibers, polyphenylene sulfide fiber (PPS), ceramic fibers and HDPE fibers among others. Due to the unique properties of high performance fibers, they are used in various end-user industries such as aerospace, automotive, buildings & construction, marine, energy, defense & military, electronics & telecommunications, and medical & healthcare among others. Glass and carbon fibers are commonly preferred high performance fibers across various end-user segments.
At present, many end-user industries, for instance, electronics, buildings and construction, automotive, and aerospace are increasing demand for high performance fibers. Among these, the aerospace industry uses these fibers, such as aramid fibers & ceramic fibers, and carbon fibers for the enhancement of the performance of engines. High performance fibers provide lighter weight to components and thus increase the fuel efficiency of the engines in the aerospace industry.
The high performance fibers are used at an increased rate to increase the durability of different components. In the defense industry, these high performance fibers, such as carbon fibers and aramid fibers are used to manufacture composites that are used in vessels and vehicles. In addition, the high performance fibers are also sued to manufacture jackets and armors.
In the textile industry, these fibers are used for the manufacturing of technical textiles that needs chemical and fire resistance. Moreover, in the electronics & telecommunication industry, these are used in electronic circuits and fiber optics.
The high performance fibers are comparatively costly compared to other market options. In addition, the issues related to the recycling of these fibers are also predicted to limit growth opportunities in the market in the coming years.
Based on geography, North America is anticipated to dominate the industry of high performance fibers in the coming years. The dominance of the region is attributed to the growing demand for high performance fibers from the aerospace industry and defense & military industry.
Europe, among other regional areas, is also likely to grow at a significant speed in the global high performance fibers market. The growth opportunities in the regional market are owing to the growing demand for these fibers from the defense & military industry.
Some of the key manufacturers of high performance fibers are E. I. du Pont de Nemours and Company, Toray Industries Inc., Zoltek Companies Inc., Teijin Ltd., Kamenny Vek, and Koninklijke Ten Cate NV, among several others.
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Attribute |
Details |
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Forecast period |
2022-2032 |
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Historical data available for |
2017-2021 |
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Market analysis |
USD million for value |
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Key regions covered |
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Key countries covered |
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Key market segments covered |
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Key companies profiled |
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Report Coverage |
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Customization & pricing |
Available upon request |
By Product:
By Application:
By Region:
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The global high performance fibers market is likely to expand at a CAGR of 8.6% through 2032.
The current valuation of the high performance fibers industry is US$ 12 Bn.
Sales of high performance fibers are estimated to reach US$ 27.5 Bn by 2032.
The aerospace and defense industry, with 44.1% share, leads the high performance fibers market.
