Assessing the Determinants of High Performance Fibers Market Expansion from 2022 to 2031
Recently, Allied Market Research published a report on the high performance fibers market which highlights that the industry accounted for $11.3 billion in 2021, and is projected to reach $23.2 billion by 2031, growing at a CAGR of 7.4% from 2022 to 2031.
What does the study offer?
This report offers a comprehensive quantitative analysis of the high-performance fibers market, covering market segments, current trends, forecasts, and dynamics. It provides valuable insights into key factors driving, restraining, and presenting opportunities in the market. Porter's Five Forces analysis evaluates the bargaining power of buyers and suppliers, helping stakeholders make strategic, profit-driven decisions and strengthen their relationships within the supply chain.
The report also offers a detailed segmentation analysis to identify current market opportunities. It maps major countries in each region based on their revenue contributions to the global market and includes market player positioning to provide clarity on the standing of key players. Additionally, the report examines both regional and global trends, key players, market segments, applications, and strategies for market growth.
A brief overview of the market dynamics
The increasing demand for organic high-performance fibers is driving the production of materials for industries such as automotive and aerospace, offering enhanced tensile strength and higher thermal resistance. This is a key factor fueling the growth of the high-performance fibers market. Additionally, the rising use of carbon fibers in turbine blades, which helps them endure higher pressures, is contributing to the growing adoption of these advanced fibers.
However, the non-biodegradable nature of high-performance fibers and their high manufacturing costs are limiting their widespread use, acting as significant barriers to market growth. Moreover, during the COVID-19 pandemic, industries such as construction, manufacturing, hospitality, and tourism were severely impacted, leading to halted or restricted manufacturing activities. This disruption resulted in a decrease in the production of equipment used for high-performance fibers and a decline in demand, which constrained the landscape's expansion. On the positive side, as industries gradually resume regular operations, high-performance fiber companies are restarting their full-scale production. This recovery helped the market regain its capacity by the end of 2021.
Major companies profiled in the competitive analysis
The AMR report offers a comprehensive analysis of the competitive landscape within the industry by utilizing analytical tools such as Porter’s Five Forces. As part of this process, the leading companies in the sector are profiled, and their business strategies are examined to provide new entrants with insights into the operational approaches of these industry giants. The key players analyzed in the high performance fibers market report include:
Teijin Ltd.
Toray Industries, Inc. (Japan)
Yantai Tayho Advanced Materials Co. Ltd.
Owens Corning
Sarla Performance Fiber Ltd.
Freudenberg Performance Materials
Kermel S.A.
Mitsubishi Rayon Co., Ltd. (Japan)
Huvis Corporation
Kolon Industries
Kureha Corporation (Japan)
Indorama Ventures
Cytec Industries Inc.
E.I. du Pont Nemours and Company
PB Performance Products, Inc. (U.S.)
Koninklijke Ten Cate NV (Netherlands)
Toyobo Co. Ltd.
To sum it up, the AMR report presents accurate data and statistics on the various aspects of the industry including its segmental and regional analyses. The actionable data and market intelligence offered through this study aid companies in chalking out their plans for increasing their foothold in the industry.
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