The high performance fibers market is estimated at USD 10.53 billion in 2016. The market is expected to register a CAGR of 8.8% during the forecast period from 2018 to 2023.
High-performance 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.
This market is driven by factors, such as the increasing demand for lightweight and fuel-efficient materials, growing usage of high-performance fibers in the renewable energy market, and rising demand for greater safety & security. However, this market faces certain drawbacks; the premium pricing and processing constraints of these fibers may act as a roadblock to the High - Performance Fibers Market growth.
High-performance fibers are produced using various technologies and are available in many product types. In the global high-performance fibers market report, we have considered the following major product types: aramid fiber, carbon fiber, glass fiber, high-strength PE fiber, polybenzimidazole (PBI) fiber, polyphenylene sulfide (PPS) fiber, and others. The market for PBI fiber has been further segmented into PBI membranes, molded PBI resin, fuel cell electrolyte, asbestos replacement, and flue gas filtration; while carbon fiber has been bifurcated into pitch-based, PAN-based, and rayon-based fibers. Aramid fiber, carbon fiber, and high-strength PE fiber are the most widely applied high-performance fibers, with the most impressive comprehensive performance.
High-performance fibers, in the recent years, have become an integral part of various applications in major industrial and commercial sectors. In the global high-performance fibers market report, we have taken the following major end-user sectors into account: aerospace & defense, medical, automotive, sporting goods, alternative energy, electronics, construction & infrastructure, nonwoven, and filtration. The aerospace & defense end-user segment accounted for the maximum consumption share in the global high-performance fibers market, in 2017.
The market has also been geographically segmented by consumption. The regional analysis includes Asia-Pacific, North America, Europe, South America, and the Middle-East and Africa. The North America region is the current global leader for high-performance fibers, which can be attributed to the high-demand for these fibers from its established automotive and aerospace and defense sectors. The region is expected to grow at a CAGR of 7.62% during the forecast period. A large majority of the consumption in the region is accounted by the United States.
Opportunities & Major Players
Innovations in the application of the products provide a vast arena for the manufacturers to explore with these high-performance fibers. The increasing scope in the automotive industry and new avenues in wind energy sector provide good opportunities, as well.
The market for high-performance fibers is dominated by large global players that include:
Cytec Solvay Group
PBI Performance Products
Few Notable Developments in the Market
In Sep, 2017, DowDuPont successfully completed the merger of the equals.
In Mar 2017, OmniGuide Holdings Inc., the parent company of OmniGuide Surgical, initiated a full commercial release of its VELOCITY High Performance Fiber
Key Deliverables in the Study
Market analysis for the global high-performance fibers market, with region specific assessments and competition analysis on a global and regional scale.
Market definition along with the identification of factors instrumental in changing the market scenario and prospective opportunities.
Extensively researched competitive landscape section with profiles of major companies along with their market share.
Identification and analysis of the macro and micro factors that affect the global high-performance fibers Market on both global and regional scales.
A comprehensive list of key market players along with the analysis of their current strategic interests and key financial information.
Insights on the major countries/regions where this industry is growing and also identify the regions that are still untapped.
1.2 Research Methodology
2. Executive Summary
3. Market Insights
3.1 Industry Value Chain Analysis
3.2 Industry Attractiveness - Porter’s Five Forces Analysis
3.2.1 Bargaining Power of Suppliers
3.2.2 Bargaining Power of Consumers
3.2.3 Threat of New Entrants
3.2.4 Threat of Substitute Products and Services
3.2.5 Degree of Competition
4. Market Dynamics
4.1.1 Increasing Demand for Lightweight and Fuel Efficient Materials
4.1.2 Increasing Usage in Renewable Energy Market
4.1.3 Rising Demand for Greater Safety & Security
4.1.4 Growing Demand from Transportation Industry
4.2.1 Need for High Investment in R&D
4.2.2 High-Cost Pressure
4.3.1 Innovative Applications Products
4.3.2 Increasing Scope in the Automotive Industry
4.3.3 New Avenues in Wind Energy Sector
5. Market Segmentation and Analysis
5.1 by Type
5.1.1 Polybenzimidazole (Pbi) Fiber
126.96.36.199 Pbi Membranes
188.8.131.52 Molded Pbi Resin
184.108.40.206 Fuel Cell Electrolyte
220.127.116.11 Asbestos Replacement
18.104.22.168 Flue Gas Filtration
5.1.2 Carbon Fiber
22.214.171.124 Composite Materials
126.96.36.199 Carbon Fiber Peinforced Polymer (Cfrp)
188.8.131.52 Reinforced Carbon-Carbon (Rcc)
5.1.6 Aramid Fiber
5.1.7 Glass Fiber
5.1.8 High-Strength Pe Fiber
184.108.40.206 Polyphenylene Sulfide (Pps)
5.2 by End-User Industry
5.2 Aerospace & Defence
5.2.3 Sporting Goods
5.2.4 Alternative Energy
5.2.6 Construction & Infrastructure
6. Regional Market Analysis (Market Size, Growth and Forecast)
6.1.4 South Korea
6.1.5 Asean Countries
6.1.6 Australia & New Zealand
6.1.7 Rest of Asia-Pacific
6.2 North America
6.2.1 United States
6.2.4 Rest of North America
6.3.2 United Kingdom
6.3.5 Rest of Europe
6.4 South America
6.4.3 Rest of South America
6.5 the Middle-East & Africa
6.5.1 Saudi Arabia
6.5.2 South Africa
6.5.3 Rest of the Mea
7. Future of High-Performance Fiber Industry
8. Competitive Landscape
8.1 Mergers & Acquisitions, Joint Ventures, Collaborations and Agreements
8.2 Market Share Analysis
8.3 Strategies Adopted by Leading Players
9 Company Profiles (Overview, Products & Services, Financials, Recent Developments)
9.1 Bally Ribbon Mills
9.2 Beijing Tongyizhong Specialty Fiber Technology & Development Co. Ltd.
9.3 Braj Binani Group (3B-The Fiberglass Company)
9.4 Cytec Solvay Group
9.6 Honeywell International Inc.
9.7 Intertech Group
9.8 Jilin Qifeng Chemical Fiber
9.9 Jushi Group Co. Ltd
9.10 Kureha Corp.
9.11 Mitsubishi Rayon Co. Ltd.
9.12 Royal Dsm
9.13 Sarla Performance Fibers Limited
9.14 Sinopec Yizheng Chemical Fiber Co. Ltd.
9.15 Sro Group
9.16 Toho Tenax Europe Gmbh
9.17 Toray Industries
9.18 Toyobo Co. Ltd
9.19 W. L. Gore & Associates Inc.
9.20 Yantai Tayho Advanced Materials
9.21 Zhongfu Shenying Carbon Fiber
9.22 Agy Holding Corp.
- Bally Ribbon Mills
- Beijing Tongyizhong Specialty Fiber Technology & Development Co. Ltd.
- Braj Binani Group (3B-The Fiberglass Company)
- Cytec Solvay Group
- Honeywell International Inc.
- Intertech Group
- Jilin Qifeng Chemical Fiber
- Jushi Group Co. Ltd
- Kureha Corp.
- Mitsubishi Rayon Co. Ltd.
- Royal Dsm
- Sarla Performance Fibers Limited
- Sinopec Yizheng Chemical Fiber Co. Ltd.
- Sro Group
- Toho Tenax Europe Gmbh
- Toray Industries
- Toyobo Co. Ltd
- W. L. Gore & Associates Inc.
- Yantai Tayho Advanced Materials
- Zhongfu Shenying Carbon Fiber
- Agy Holding Corp.