The
automobile industry is constantly growing in this region with the leading
automakers shifting their facilities and operations in this region.
Additionally, the aerospace & defense industry in this region is growing at
healthy CAGR owing to the huge investment by India and China in space exploration
and domestic air travel. Indian Space Research Organization (ISRO) has emerged
as one of the leading commercial space agencies in the world. Furthermore, the
installation of wind turbine is gaining momentum in this region due to
favorable government policies such as “national offshore wind energy policy”
(NOWEP) and formation of “national institute for wind energy” (NIWE) by the
Indian government. This includes allocation of blocks, facilitating
international investment and coordination among stakeholders to take forward
this source of renewable energy. This, in turn is anticipated to drive demand
of high-performance fiber which is majorly used in making footwear.
The
global High-Performance Fiber Market has been segmented
on the basis of type, application, and region.
Based on type, the
global High-Performance Fiber market has been segregated into carbon fiber, aramid fiber, ceramic fiber, glass fiber,
polybenzimidazole (PBI), polyphenylene sulfide (PPS), PE fiber, and others.
On the basis of
application, the market is categorized into automotive, aerospace
& defense, building & construction, electronics &
telecommunication, energy, textiles, sports & leisure, and others.
Top 10 Key Players:
Ø
PBI Performance Products, Inc.
Ø
Honeywell International Inc.
Ø
AGY
Ø
ZOLTEK Corporation
Ø
Yantai Tayho Advanced Materials Co.,Ltd.
Ø
PHP Fibers GmbH
Ø
Bally Ribbon Mills
Ø
TEIJIN LIMITED
Ø
Mitsubishi Chemical Corporation
Ø
Corning Incorporated
Ø
Solvay
Ø
Kureha Corporation
Ø
The InterTech Group, Inc.
Ø
Binani Industries Ltd.
Ø
Sarla Performance Fibers Limited
Regional
Analysis:
Asia-Pacific, North America, Europe, Latin America, and
the Middle East & Africa are the five regions studied for the High-Performance Fiber
Market. Asia-Pacific held largest share of the global high-performance fiber
market in 2017 and is also projected to grow at the highest CAGR during the
forecast period. The market for the high-performance fiber in this region is
witnessing robust growth during review period on account of the surging demand
for the product form the major end-use industries such automotive,
construction, electronics & telecommunication, and textiles. Additionally,
rapid growth of the aerospace and energy sector in this region is expected to
drive the market growth for high-performance fiber in this region.
North America is closely following Asia-Pacific and held
the second largest market share in 2017. The US is the largest market in this
region due to the significant presence of well-established end use industries
such as aerospace & defense, along with sports industry.
Europe is another substantial regional market, wherein
the demand for the product from in automobile industry is increasing at the
healthy CAGR. The major contributors to the regional market France, Germany, UK
and Italy. The aerospace and automotive industries in Europe are the major
consumers of the high-performance fiber.
The Middle East & African and Latin American markets
are estimated to grow at a healthy CAGR owing to high investment potential and
robust availability raw.
Intended Audience:
- High-Performance Fiber
Manufacturers
- Traders and distributors of
High-Performance Fiber
- Research and Development
Institutes
- Potential investors
- Raw material suppliers
- Nationalized laboratories
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