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.
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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Email: madan@mordorintelligence.com
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