The global high performance fibers market size is expected to reach USD 25.4 billion by 2025, expanding at a revenue-based CAGR of 11.0%, according to a new report by Grand View Research, Inc. Increased strength to weigh ratio coupled with superior rigidity offered by such fibers to the components in the aerospace and automotive industries is projected to drive the market.
Growth
in the use of such products to increase fuel efficiency and aerodynamics of an
aircraft is encouraging the manufacturers to replace traditional metal alloys
with composite materials in the manufacturing of primary and secondary parts of
an aircraft. In addition, the incorporation of these fibers in aerospace
components offer excellent flexibility and damage resistance is expected to
drive growth.
Strong
regulations imposed by the various government bodies to reduce CO2 emissions is
also expected to emerge as one of the driving factors for the growth of
lightweight materials in the aerospace and automotive applications. These
regulations are forcing OEMs to seek for alternatives to reduce the emissions
and increase the fuel efficiency.
The
industry is characterized by the presence of multiple raw material suppliers
such as BASF and Dow that provide quality feedstock for the production of such
high performance fibers. However, high volatility in the price for feedstock
used in the manufacture of such products is expected to restrain the production,
which in turn, is expected to limit the industry growth.
Full Research Report On High Performance Fibers Market Visit Here:
https://www.grandviewresearch.com/industry-analysis/high-performance-fibers-market
Further key
findings from the report suggest:
- Aramid was
recorded to be the largest product segment in 2018 and is estimated to
generate revenue over USD 5.7 billion by 2025 owing to high demand in
security applications due to superior product properties such as high
strength, thermal, and chemical resistance
- The global
demand in aerospace and defense application was over USD 5.2 billion in
2018 and is anticipated to witness the highest growth over the forecast
period owing to rapid penetration in manufacturing of aerospace components
- The industry
in Asia Pacific is projected to witness substantial growth at a
revenue-based CAGR of 11.3% over the coming years, primarily due to the
growing infrastructure development and construction activities in the
region
- The demand
for such product in China is expected to generate a revenue of USD 4.4 billion
by 2025 on account of high penetration in the application industries
coupled with the increasing substitution of the conventional materials
- Key industry
players are involved in intensive R&D aimed at the production of
advanced grade products in a bid to increase the high performance fiber
market share.
Request a Sample Copy of the Report @
https://www.grandviewresearch.com/industry-analysis/high-performance-fibers-market/request/rs1
Grand View Research has
segmented the global high performance fibers market on the basis of product,
application, and region:
High Performance
Fibers Product Outlook (Volume, Tons; Revenue, USD Million, 2014 - 2025)
- Carbon Fiber
- Polybenzimidazole (PBI)
- Aramid Fiber
- M5/PIPD
- Polybenzoxazole (PBO)
- Glass Fiber
- High Strength Polyethylene
- Others
High Performance
Fibers Application Outlook (Volume, Tons; Revenue, USD Million, 2014 - 2025)
- Electronics & Telecommunication
- Textile
- Aerospace & Defense
- Construction & Building
- Automotive
- Sporting Goods
- Others
High Performance
Fibers Regional Outlook (Volume, Tons; Revenue, USD Million, 2014 - 2025)
- North America
- U.S.
- Canada
- Mexico
- Europe
- Germany
- U.K.
- France
- Asia Pacific
- China
- Japan
- India
- South Korea
- Central & South America
- Brazil
- Middle East & Africa
About Grand View Research
Grand
View Research, Inc. is a U.S. based market research and consulting company,
registered in the State of California and headquartered in San Francisco. The
company provides syndicated research reports, customized research reports, and
consulting services. To help clients make informed business decisions, we offer
market intelligence studies ensuring relevant and fact-based research across a
range of industries, from technology to chemicals, materials and healthcare.
For more info visit @ https://www.grandviewresearch.com
No comments:
Post a Comment