Global High-Performance Fibre Market Report and Forecast 2024-2032

Global High-Performance Fibre Market Outlook

The global high-performance fibre market is further expected to grow at a CAGR of 10% between 2024 and 2032.

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Growing Demand for Carbon Fibre to Bolster the Market Growth of High-Performance Fibre

The carbon fibre segment, among other types, is anticipated to grow at the robust rate during the forecast period owing to its growing demand in the automotive and aerospace and defence segments due to its high impact resistance, high strength, excellent corrosion resistance, and fatigue resistance characteristics. Thus, the increasing preference for carbon fibre is driving the growth of overall high- performance fibre industry. By application, aerospace and defence is projected to be the leading and one of the fastest growing segments in the market during the forecast period.

North America to be a Significant Regional Market for the High-Performance Fibre Industry

North America is expected to be a significant regional market for high-performance fibre owing to the strong growth of the defence and military sector in the region. The Asia Pacific is expected to be the fastest-growing region, especially India and China, owing to the rising demand for high-performance fibre from the growing automotive and defence sector in the region.

High-Performance Fibre: Market Segmentation

High-performance fibres are synthetic fibres that are engineered specially to perform a task requiring excellent strength and stiffness with exceptional heat and chemical resistance. These fibres are used in a variety of fabric applications, ranging from bulletproof vests to trampolines and so on. The various types of high-performance fibre available in the market are:

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• Carbon Fibre
• Aramid Fibre
• Glass Fibre
• M5/PIPD Fibre
• Polybenzimidazole (PBI) Fibre
• Polybenzoxazole (PBO) Fibre
• High Strength Polyethylene Fibre
• Others

On the basis of application, the industry is divided into:

• Aerospace and Defence
• Automotive
• Construction and Building
• Electronics and Telecommunication
• Sporting Goods
• Textile
• Others

The report also covers the regional markets like North America, Europe, the Asia Pacific, Latin America, and the Middle East and Africa.

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Rising Demand for Light Weight Vehicles to Support the Market Growth of High-Performance Fibre

The global market for high-performance fibre is being driven by the rising demand for lightweight vehicles and equipment with excellent strength. High-performance fibre is witnessing an increased demand for applications in military vehicles, aircraft, electronics, and sports goods, which is driving the growth of the high-performance fibre industry globally.

The market is being driven by its rising demand in aerospace and defence sector owing to the product’s exceptional strength and lightweight characteristics. Further, the growing technological advancements pertaining to the use of additive manufacturing in aerospace production is expected to create new growth opportunities for the industry over the forecast period. Lightweight materials provide high strength and stiffness at a reduced weight, ultimately reducing fuel consumption. Thus, the preference for lightweight materials is increasing in an effort to improve the cost-efficiency and performance of the aircraft. Further, with growing passenger traffic, the production of aircraft is also increasing, which is expected to drive the industry growth in the future.

Moreover, the high-performance fibre is witnessing an increased demand due to its growing use as a substitute for asbestos to manufacture products, such as bulletproof jackets, tyres, concrete reinforcing, and heat-resistant cushions. Further, they are being adopted for applications in wind power generator blades, ropes, and fishing nets, which is supporting the industry growth.

Key Industry Players in the Global High-Performance Fibre Market

The report gives a detailed analysis of the following key players in the global high-performance fibre market, covering their competitive landscape, capacity, and latest developments like mergers, acquisitions, and investments, expansions of capacity, and plant turnarounds:

• DuPont de Nemours, Inc.
• Toray Industries, Inc.
• Mitsubishi Chemical Corporation
• Kureha Corporation 
• Koninklijke DSM N.V.,
• Owens Corning Intellectual Capital, LLC.
• ZOLTEK Corporation
• Others

The comprehensive EMR report provides an in-depth assessment of the market based on the Porter's five forces model along with giving a SWOT analysis.

Key Highlights of the Report