The new report by Expert Market Research titled, ‘Global High-Performance Fibre Market Size, Share, Price, Trends, Growth, Report and Forecast 2021-2026’, gives an in-depth analysis of the Global High-Performance Fibre Market, assessing the market based on its segments like type, application, and major regions like North America, Europe, the Asia Pacific, Latin America, and the Middle East and Africa. The report tracks the latest trends in the industry and studies their impact on the overall market. It also assesses the market dynamics, covering the key demand and price indicators, along with analysing the market based on the SWOT and Porter’s Five Forces models.
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The key highlights of the report include:
Market Overview (2015-2026)
• Historical Market Size (2020): USD 16.1 billion
• Forecast CAGR (2021-2026): 9.6%
• Forecast Market Size (2026): USD 27.8 billion
The Global High-Performance Fibre Market has expanded over time as a result of rising demand for lightweight vehicles and equipment with excellent strength, they are being used in wind turbine blades, ropes, and fishing nets,. These properties have witnessed new applications which led to increased demand and thus, the growth of the market in the historical period.
Industry Definition and Major Segments
High-Performance Fibre are bioactive chemicals found in human, animal, or plant meals that promote greater health. Caffeine, for example, is a bioactive ingredient found in coffee which have the ability to alter one or more metabolic pathways, resulting in improved health conditions. Its market is further divided into segments such as:
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The various types of High-Performance Fibre are:
• Carbon Fibre
• Aramid Fibre
• Glass Fibre
• M5/PIPD Fibre
• Polybenzimidazole (PBI) Fibre
• Polybenzoxazole (PBO) Fibre
• High Strength Polyethylene Fibre
Based on application, the industry is divided into:
The regional market for High-Performance Fibre includes:
• North America
• Asia Pacific
• Latin America
• Middle East and Africa
Globally, because of the region's strong growth in the defence and military sectors, North America is likely to be an important regional market for high-performance fibre. The Asia Pacific area, particularly India and China, is predicted to be the fastest-growing market, owing to rising demand for high-performance fibre from the region's expanding automotive and defence sectors.
High-performance fibre is in high demand for applications in military vehicles, aircraft, electronics, and sports products, which is propelling the worldwide high-performance fibre sector, upwards.Because of the product's outstanding strength and lightweight properties, the market is being pushed by increased demand in the aerospace and defence sectors. Furthermore, rising technological breakthroughs in the utilisation of additive manufacturing in aircraft production are likely to open up new potential prospects for the sector over the projection period. Lightweight materials give high strength and rigidity at a low weight, resulting in lower fuel consumption. As a result, the preference for lightweight materials is growing in an effort to increase the aircraft's cost-efficiency and performance. Furthermore, as passenger traffic grows, so does aircraft production, which is likely to drive industry growth in the future. Moreover, the high-performance fibre is experiencing significant demand as a substitute for asbestos in the creation of products such as bulletproof jackets, tyres, concrete reinforcing, and heat-resistant cushions., which is assisting the market’s growth in the forecast period.
Key Market Players
The major players in the global market are DuPont de Nemours, Inc., Toray Industries, Inc., Mitsubishi Chemical Corporation, Kureha Corporation, Koninklijke DSM N.V., Owens Corning Intellectual Capital, LLC, ZOLTEK Corporation, among others. The report covers the market shares, capacities, plant turnarounds, expansions, investments and mergers and acquisitions, among other latest developments of these market players.
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Note 2: As the novel coronavirus (COVID-19) continues to spread across the world, our analysts are constantly tracking the impact of this rapidly evolving situation on the markets and the consumer purchase behaviours. Thus, our latest estimates and analysis about the current market trends and forecast will exhaustively reflect the effects of this emerging pandemic.
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