Toray Industries to Increase its High-Performance Carbon Fiber Capacity; Honeywell International Inc., Cytec Solvay Group and Royal DSM Aim for Significant Share in Global High-Performance Fibers Market

Sep 28, 2016, 02:30 ET from Mordor Intelligence

HYDERABAD, India, September 28, 2016 /PRNewswire/ --

Mordor Intelligence announces the publication of their research report on the high-performance fibers market. The report titled "Global High-Performance Fibers Market - Segmented by Type, End-User Industry and Geography - Trends and Forecasts," discusses the current landscape and outlook of the said market.

The global market for high-performance fibers is estimated to be USD 10.53 billion in 2016 and is projected to reach USD 16.06 billion by 2021, at a CAGR of 8.8% during the forecast period 2016-2021.

The high-performance fibers market is driven by numerous factors viz. increasing demand for lightweight and fuel-efficient materials, growing usage of high-performance fibers in renewable energy market and a rising demand for greater safety & security. However, this market faces certain drawbacks, primarily the premium pricing and processing constraints of these fibers, which act as a roadblock to the growth of the market.

Browse Related Report Here

Our report on high-performance fibers is segmented as follows:

  • By Type
    • Polybenzimidazole (PBI) Fiber
    • Carbon Fiber
    • Aramid Fiber
    • Glass Fiber
    • High-Strength PE Fiber
    • Polyphenylene sulfide (PPS) Fiber
    • Others
  • By End-User Industry
    • Aerospace & Defence
    • Medical
    • Automotive
    • Sporting Goods
    • Alternative Energy
    • Electronics
    • Construction & Infrastructure
    • Nonwoven
    • Filtration
    • Others
  • By Region
    • Asia-Pacific
    • North America
    • Europe
    • South America
    • Middle-East & Africa

High-performance fibers have become an integral part of various applications in major industrial and commercial sectors. in 2015, the aerospace & defense end-user segment accounted for the maximum consumption share in the global market. The North America region is the current leader for high-performance fibers, which can be attributed to the high demand for these fibers from the regions established automotive, aerospace and defense sectors. The region is expected to project a CAGR of XX.XX% during the forecast period. The large majority of the consumption in the region is accounted by the US.

Innovation in product application provides a vast domain for high-performance fiber manufacturers to explore. The increasing scope in the automotive industry and new avenues in wind & energy sector provide good opportunities as well. The industry players profiled in the report include: Cytec Solvay Group, DuPont, Honeywell International, Mitsubishi Rayon, Owens Corning, PBI Performance Products, Royal DSM, and Teijin Limited, etc. among others.

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SOURCE Mordor Intelligence