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High Performance Fibers Market

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Global high performance fibers market size was valued at US$ 10.72 billion in 2016, and is projected to register a CAGR of 8.89% over the forecast period (2019-2027).
High Performance Fibers Market Size and Forecast Till
2027
High performance fibers possess exceptional physical properties such as high
strength, chemical and heat resistance, and more. Being a niche product, high
performance fibers are produced in great quantities so as to cater to the demand
from end-use industries. High performance fibers have high elongation, fire
resistance, and high tension. Carbon fiber, fluoropolymer fiber, polyphenylene
sulfide fibers, melamine fibers, and ceramic fibers are some of high
performance fiber used in different industries. Due to their various physical
properties, high performance fibers find application in building & construction
industry, energy, aerospace, defense, marine, automotive, medical & healthcare,
and electronics & telecommunications. However, carbon fiber and glass fibers
are the most preferred fibers among them.
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Market Regional Analysis
Asia Pacific is projected to gain the major market share in the global high
performance fibers market share over the forecast period. High demand from
electronics & telecommunications, aerospace, and textile industries is expected
to drive the market growth in the region. Japan, India, South Korea, Taiwan and
are expected to lead the market in the region. North America is also expected to
witness significant market share, owing to high demand from aerospace and
defense sectors in developed economies such as the U.S. Middle East and South
America are expected to witness significant growth in the near future.
Market Players
Major players operating in the global high performance fibers market include
Kamenny Vek, Koninklijke Ten Cate NV, Teijin Ltd., Toray Industries Inc., E.
I. du Pont de Nemours and Company, and Zoltek Companies Inc.
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pallavi.reddy
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