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High Performance Fibers Market future trend and growth opportunities over the forecast timeframe

Author : Rahul Varpe | Published Date : 2019-07-11 

Global High Performance Fibers Market research report is added by Global market insights, inc by covering all major market aspects. The report also touches the key scenarios like top players, competition, types, applications, regions, recent developments and future market predictions.

High Performance Fibers Market Size is expecting noticeable growth owing to increasing applications in end use industries such as building and construction, defense, automotive, electronics & communication and textile industry. Strong application outlook for products offering superior strength, heat and chemical resistance will drive the overall high performance fibers market growth.

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Growing demand for products with wide range of operating temperature along with offering superior chemical resistance along with light weight requirement will propel the high performance fibers market growth. Production capacity of these are highly dependent on the application requirement whereas conventional products are highly price competitive.

Expansion of product outlook in circuit boards, ballistics, sports equipment and composites offering superior durability, flexibility, interactive polymer chains and enhanced rigidity to the structure will drive the product demand. In addition to this, easy reinforcement of the products with composites will further support the high performance fibers market growth.

Recycling issues along with fluctuating raw material prices may affect the industry growth. Industry players are focusing on increasing production capacity along with reducing the procurement cost of the raw material and cost involved in production.

High performance fibers market can be segmented based on the product as glass, PBI, carbon fiber, ceramics, PPS, PE and aramid. Carbon fibers is expected to witness strong growth during forecast timeframe owing to increasing application scope of the product in various industries such as aerospace, defense and automotive industries.

North America is expected to witness significant growth during the forecast timeframe owing to strong presence of manufacturers in the region focusing on the business expansion. Moreover, presence of end-user industries dealing in aerospace and defense such as Boeing will further support the high performance fibers market demand.

Europe driven by Germany, UK, France, Italy and Russia is expected to observe steady growth during the forecast timeline owing to increasing advancement in automotive applications. In addition to this, stringent government regulations focusing on increasing efficiency will influence the product penetration.

Few key high performance fibers market players include Toray Industries Inc., E. I. Du Pont De Nemours and Co., Owens Corning, Kureha Corporation, PBI Performance Products, Inc., Zoltek Companies Inc., Teijin Ltd., Mitsubishi Rayon Co., Ltd., Cytec Industries Inc., Yantai Tayho Advanced Materials Co., Ltd. and Koninklijke Ten Cate NV. Manufacturers are focusing on improving the supply chain sufficing the product demand.

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Other notable high performance fibers market include PHP, Bally Ribbon Mills, Intertech Group, W. L. Gore & Associates Inc, Bluestar Company Ltd., Honeywell International, AGY Holding Corp., Binani Group and Taekwang Industries Co. Ltd. Improving the regional presence along with investing in research and development improving the application scope are among the key strategies adopted by the manufacturers.

Manufacturers are focusing on the recycling issues of the product. Higher investment regarding new product development and optimum manufacturing process are among the major strategies implemented by the manufacturers. Long term supply contract along with optimized product development sufficing the application requirement will further boost the foothold of the industries.

About Author

Rahul Varpe

Rahul Varpe

Rahul Varpe currently writes for fractovia. A communication Engineering graduate by education, Rahul started his journey in as a freelancer writer along with regular jobs. Rahul has a prior experience in writing as well as marketing of services and products online. Apart from being an avid reader, his other hobbies include music and sketching. He can be contacted at- [email protected] | https://twitter.com/varperahul

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