Industry Background:
High-performance fibers are those that are engineered for precise uses that need exceptional strength, stiffness, heat resistance, or chemical resistance. There exist an extensive variety of fibers with widely ranging properties. High-performance fibers have generally higher tenacity and higher modulus than typical fibers. In the larger fiber market, such high-performance fibers are normally niche products, but some are produced in large amounts. Glass is the oldest high-performance fiber, and can be found in such end uses as insulation, fire-resistant fabrics, and reinforcement for fiberglass composites such as bathtub enclosures and boats. Further, carbon fiber is one of the most important high-performance fibers for military and aerospace applications.
According to AMA Research, the market for High Performance Fiber is expected to register a CAGR of 8.6% during the forecast period to 2028. This growth is primarily driven by Growing Demand from the Automotive Industry
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Attributes | Details |
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Study Period | 2018-2028 |
Base Year | 2022 |
Forecast Period | 2023-2028 |
Volume Unit | K Units |
Value Unit | USD (Million) |
Customization Scope | Avail customization with purchase of this report. Add or modify country, region & or narrow down segments in the final scope subject to feasibility |
The Chemicals sector in the
region has been increasing at a sustainable rate and further growth is expected to be witnessed over the forecast period, owing to the robust investments and expansion in production facilities in the region. Major Vendors, such as Toray Industries (Japan), DuPont (United States), Owens Corning (United States), Teijin Fibers (Japan), Zoltek Companies (United States), Honeywell International (United States), Kureha Corporation (Japan), Yantai Tayho Advanced Materials (China), PBI Performance Products (United States) and Toray Advanced Composites (United States), etc have either set up their manufacturing facilities or are planning to start new provision in the dominated region in the upcoming years.
Key Developments in the Market:
In April 2022- BMW I Ventures, the premium carmaker’s venture capital firm, partnered with the Swiss cleantech company Bcomp, the leading manufacturer of high-performance composites made from natural fibres. and In Sept 2019 - Toray Advanced Composites signed a tier 1 membership with the National Composites Centre (NCC), to use the world-leading facilities and capabilities of the Centre as part of their research and development (R&D) strategy.
In October 2021- LANXESS is offering a new, particularly sustainable product under the name Durethan BLUEBKV60H2.0EF. In the easy-flowing compound, 92 percent of the raw materials are replaced by sustainable alternatives. This is a top value among glass-fiber-reinforced plastics.The market for High-Performance Fiber is expected to grow with rising end-user industries. The market specifically witnessing huge demand from automotive, aerospace, consumer durables, Chemical, and other industries. The companies are exploring the market by adopting mergers & acquisitions, expansions, investments, new product launches, and collaborations as their preferred strategies. The players are exploring new geographies through expansions and acquisitions to avail a competitive advantage through combined synergies.
Influencing Trend:
Increasing Demand for Greater Safety & Security
Market Growth Drivers:
Growing Demand from the Automotive Industry and Increasing Norm in Renewable Energy
Challenges:
High Production Cost of High-Performance Fiber Limits Their Use of Premium Products
Restraints:
The Necessity of High Investment in R&D
Opportunities:
New Opportunities in Wind Energy Sector
AMA Research follows a focused and realistic research framework that provides the ability to study the crucial market dynamics in several regions across the world. Moreover, an in-depth assessment is mainly conducted by our analysts on geographical regions to provide clients and businesses the opportunity to dominate in niche markets and expand in emerging markets across the globe. This market research study also showcases the spontaneously changing Vendors landscape impacting the market's growth. Furthermore, our market researchers extensively analyze the products and services offered by multiple players competing to increase their market share and presence.
Data Sources of High Performance Fiber Market Study
Primary Collection: InMail, LinkedIn Groups, Survey Monkey, Google, and Other professional Forums are some of the mediums utilized to gather primary data through key industry participants and appointees, subject-matter experts, C-level executives of High Performance Fiber Industry, among others including independent industry consultants, experts, to obtain and verify critical qualitative commentary and opinion and quantitative statistics, to assess future market prospects.
The primary interviews and data collected as per the below protocols: By Designation: C-Level, D-Level, Others
By Company Type: Tier 1, Tier 2, Tier 3
Secondary Data Sources such as Annual reports, Press releases, Analyst meetings, Conference calls, Investor presentations, Management statements, and SEC filings of High Performance Fiber players along with Regulatory Sites, Association, World bank, etc were used as sources secondary set of data.
Customization in the Report
AMA Research features not only specific market forecasts but also includes significant value-added commentary on:
- Market Trends
- Technological Trends and Innovations
- Market Maturity Indicators
- Growth Drivers and Constraints
- New Entrants into the Market & Entry/Exit Barriers
- To Seize Powerful Market Opportunities
- Identify Key Business Segments, Market Proposition & Gap Analysis
Against this Challenging Backdrop, High Performance Fiber Study Sheds Light on
The High Performance Fiber Market status quo and key characteristics. To end this, Analysts at AMA organize and took surveys of the High Performance Fiber industry Vendors. The resultant snapshot serves as a basis for understanding why and how the industry can be expected to change.
Where High Performance Fiber industry is heading and what are the top priorities. Insights are drawn from financial analysis, surveys, and interviews with key executives and industry experts.
How every company in this diverse set of Vendors can best navigate the emerging competition landscape and follow a strategy that helps them position to hold the value they currently claim or capture the new addressable opportunity.