“Global High Performance Fiber Market” projected for USD 10.8 billion in 2016 and is projected to grow at a CAGR of 9.0% during the forecast period of 2017 to 2024.
Global High Performance Fiber Market Research is a defined process to collect information about customers, competitors, and everything that a business needs to understand to sustain and grow. It offers important analysis to distinguish and examine the market needs, size, and trends. Market research is generally divided into, primary research and/or secondary research. The process usually includes collection and interpretation of market data by using statistical and analytical techniques to support the decision making process.
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High-performance fibers are designed for specialized use, based on the requirement of specific applications. These fibers are credited with exceptional weight to strength ratio, robustness, resistance to tear, electrical conductivity, and also chemical resistance.
Major Market Drivers and Restraints:
- Demand for lightweight and fuel efficient materials
- Demand in renewable energy market
- Rising demand for greater safety & security
- Demand in transportation industry
The high performance fiber market is segmented on the basis of type into hindered amine light stabilizers (HALS), UV absorber and quenchers.
On the basis of application, the market is segmented into floor coating, decking, automotive coating, furniture coating, and adhesives & sealants.
On the basis of geography, the high performance fiber market report covers data points for 28 countries across multiple geographies such as North America, South America, Europe, Asia-Pacific and Middle East & Africa. Some of the major countries covered in this report are U.S., Canada, Germany, France, U.K., Netherlands, Switzerland, Turkey, Russia, China, India, South Korea, Japan, Australia, Singapore, Saudi Arabia, South Africa, and Brazil among others. In 2017, Asia-Pacific is expected to dominate the market.
The global high performance fiber market is highly fragmented with the presence of a large number of players across different regions. These major players have adopted various organic as well as inorganic growth strategies such as mergers & acquisitions, new product launches, expansions, agreements, joint ventures, partnerships, and others to strengthen their position in this market.
Major Market Competitors:
Some of the major players in high performance fiber market include
- AGY Holding Corp.,
- Bally Ribbon Mills,
- Beijing Tongyizhong Specialty Fiber Technology & Development Co. Ltd.,
- Braj Binani Group (3B-the Fiberglass Company),
- Cytec Solvay Group,
- W. L. Gore & Associates Inc.,
- Yantai Tayho Advanced Materials,
- Zhongfu Shenying Carbon Fiber,
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