The "High-Performance Fibers Market - Growth, Trends, and Forecast (2020 - 2025)" report has been added to ResearchAndMarkets.com's offering.
The global high-performance fibers market is estimated to witness a healthy growth, at an estimated CAGR of over 8%, over the forecast period. The major factors driving the growth of the market studied are increasing usage in renewable energy market and rising demand for greater safety & security.
Need for high investment in research and development is likely to hinder the markets growth. New avenues in wind energy sector are likely to create opportunities for the market in the coming years. Asia-Pacific region is expected to dominate the market and is also likely to witness highest CAGR during the forecast period.
Bally Ribbon Mills
Braj Binani Group
Honeywell International Inc.
Jushi Group Co., Ltd.
Mitsubishi Chemical Corporation
PBI Fibers International
Sarla Performance Fibers Limited
SHANGHAI SRO PROTECTIVE EQUIPMENT CO.,LTD.
TORAY INDUSTRIES, INC.
TOYOBO CO., LTD.
W. L. Gore & Associates, Inc.
Yantai Tayho Advanced Materials Co.,Ltd.
Key Market Trends
Increasing Demand from the Aerospace and Defense Sector
The high-performance fibers are a perfect choice for numerous aerospace and defense applications as they provide strength, endurance, and stability as required.
These fibers are designed for specialized use, based on the requirement of specific applications. These fibers are credited with exceptional weight to strength ratio, robustness, resistance to tear, electrical conductivity, and also chemical resistance. However, these attributes may vary from product to product.
In the defense industry, the use of high-performance fiber-reinforced plastics are present in missile defense, ground defense, and military marine.
In Asia-Pacific, the aerospace industry is growing at a fast rate, as many of the countries have increased their spending on defense platforms and technologies. In addition, Southeast Asia continues to be the fastest-growing region in terms of passenger travel.
Asia-Pacific Region to Dominate the Market
Asia-Pacific region is expected to dominate the market. In the region, China is the largest economy, in terms of GDP. China is one of the fastest emerging economies and has become one of the biggest production houses in the world, today. The country's manufacturing sector is one of the major contributors to the country's economy.
The Chinese aircraft industry depicted significant growth over the years. According to Boeing, China is estimated to require around 7,600 new commercial aircraft, valued at USD 1.2 trillion, over the next two decades.
Foreign investment in China has also been extended into the aviation sector, which is projected to register a CAGR of 6%, owing to China's geographical location, which provides easy access to the industrial goods markets in the neighboring countries, as well as, other countries globally, making it a major access point for manufacturers and suppliers.
China is the largest manufacturer of automobiles in the world. The country's automotive sector has been shaping up for product evolution, with the country focusing on manufacturing products, in order to ensure fuel economy, and to minimize emissions (owing to the growing environmental concerns due to mounting pollution in the country).
Key Topics Covered:
2 RESEARCH METHODOLOGY
3 EXECUTIVE SUMMARY
4 MARKET DYNAMICS
4.1.1 Increasing Usage in Renewable Energy Market
4.1.2 Rising Demand for Greater Safety & Security
4.1.3 Other Drivers
4.2.1 Need for High Investment in R&D
4.2.2 Impact of COVID-19 Pandemic
4.3 Industry Value-Chain Analysis
4.4 Porters Five Force Analysis
5 MARKET SEGMENTATION
5.1.1 Carbon Fiber
126.96.36.199 Composite Materials
188.8.131.52.1 Carbon Fiber Reinforced Polymer (CFRP)
184.108.40.206.2 Reinforced Carbon-Carbon (RCC)
5.1.2 Aramid Fiber
5.1.3 Glass Fiber
5.1.4 Polyphenylene Sulfide (PPS)
5.1.5 Other Types
5.2 End-user Industry
5.2.1 Aerospace and Defense
5.2.3 Sporting Goods
5.2.4 Alternative Energy
5.2.5 Electronics and Telecommunications
5.2.6 Construction and Infrastructure
5.2.7 Other End-user Industries
220.127.116.11 South Korea
18.104.22.168 Rest of Asia-Pacific
5.3.2 North America
5.3.4 South America
5.3.5 Middle-East and Africa
6 COMPETITIVE LANDSCAPE
6.1 Mergers and Acquisitions, Joint Ventures, Collaborations, and Agreements
6.2 Market Share Analysis**
6.3 Strategies Adopted by Leading Players
6.4 Company Profiles
7 MARKET OPPORTUNITIES AND FUTURE TRENDS
7.1 New Avenues in Wind Energy Sector
For more information about this report visit https://www.researchandmarkets.com/r/neua7h
View source version on businesswire.com: https://www.businesswire.com/news/home/20200804005813/en/
Laura Wood, Senior Press Manager
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