High-Performance Fiber Market Overview:
The major regions in the global
high-performance fiber market are Asia-Pacific, North America, Europe, The
Middle East & Africa, and Latin America. Asia-Pacific held the largest
market share of 45% in 2017. The countries namely, China, India, Japan, and
South Korea are major contributors to the growth of this regional market. China
is the largest consumer of the product in this region, wherein the major
consumers of the product are electronics, energy, and telecommunication, among
others. Additionally, the developing countries in this region are rapidly
taking up the infrastructure development activities mainly development of physical
infrastructure, commercial buildings, and housing development, which is likely
to favor the market growth in this region.
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The automobile industry is
constantly growing in this region with the leading automakers shifting their
facilities and operations in this region. Additionally, the aerospace &
defense industry in this region is growing at healthy CAGR owing to the huge
investment by India and China in space exploration and domestic air travel.
Indian Space Research Organization (ISRO) has emerged as one of the leading
commercial space agencies in the world. Furthermore, the installation of wind
turbine is gaining momentum in this region due to favorable government policies
such as “national offshore wind energy policy” (NOWEP) and formation of
“national institute for wind energy” (NIWE) by the Indian government. This includes
allocation of blocks, facilitating international investment and coordination
among stakeholders to take forward this source of renewable energy. This, in
turn is anticipated to drive demand of high-performance fiber which is majorly
used in making footwear.
Top 10 Key Players:
·
TEIJIN LIMITED
·
Mitsubishi Chemical Corporation
·
Corning Incorporated
·
Solvay
·
Kureha Corporation
·
PBI Performance Products, Inc.
·
Honeywell International Inc.
·
AGY
·
ZOLTEK Corporation
·
Yantai Tayho Advanced Materials Co.,Ltd.
·
PHP Fibers GmbH
·
Bally Ribbon Mills
·
The InterTech Group, Inc.
·
Binani Industries Ltd.
·
Sarla Performance Fibers Limited
Market Segmentation:
The High-Performance Fiber Market has
been segmented on the basis of type, application, and region.
Based on type, the global
high-performance fiber market has been segregated into carbon fiber, aramid
fiber, ceramic fiber, glass fiber, polybenzimidazole (PBI), polyphenylene
sulfide (PPS), PE fiber, and others.
On the basis of application, the
market is categorized into automotive, aerospace & defense, building &
construction, electronics & telecommunication, energy, textiles, sports
& leisure, and others.
Intended Audience
- High-Performance Fiber Manufacturers
- Traders and distributors of High-Performance Fiber
- Research and Development Institutes
- Potential investors
- Raw material suppliers
- Nationalized laboratories
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