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.
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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
- By End-User Industry
- Aerospace & Defence
- Sporting Goods
- Alternative Energy
- Construction & Infrastructure
- By Region
- North America
- 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.
About Mordor Intelligence:
Mordor Intelligence is a global market research and consulting firm. Our focus is to provide research insights to facilitate business success. Our research expertise covers niche segments under Agriculture, Healthcare, ICT, Chemicals, Manufacturing, Logistics, Electronics and Automotive, among others. We believe in data, and we provide solutions through it. Optimum solutions and goal-oriented strategies define our endeavors and make us the preferred choice for clients.
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SOURCE Mordor Intelligence