Research Expert: Sarah Overall
  • Published: Feb 2025
  • Pages: 150
  • SKU: IRTNTR80460

  • Latest News- High Performance Fibers Market: Carbon fibers is expected to lead the Type segment during 2025-2029

    The High Performance Fibers Market is being driven by Increasing need for lightweight high performance fibers

    The High Performance Fibers Market is expected to grow at a CAGR of 8.4% during 2024 and 2029. During this period, the market is also expected to show a growth of USD 6989 million. The high performance fibers market is experiencing robust growth, with companies adopting strategic acquisitions to expand their market presence and broaden their product portfolios. A notable instance of this trend is Avient's acquisition of the Dyneema brand in September 2022. This deal significantly strengthens Avient's offering of advanced composite and engineered fiber materials, establishing the company as a leading player in the market. Dyneema, recognized for its exceptional strength, which is 15 times greater than steel and allows it to float on water, is a pivotal addition to Avient's portfolio. This strategic move enhances Avient's competitive edge in the high performance fibers sector. 

    Get more information on High Performance Fibers Market by requesting a sample report

    Which Factors Are Causing a Surge in Market Growth?

    The market is segmented based on

    • Type
      • Carbon fibers
      • Aramid fibers
      • Polyethylene fibers
      • Glass fibers
      • Others
    • Application
      • Aerospace and defense
      • Automotive
      • Electronics and electrical
      • Construction
      • Others
    • Geography
      • APAC
        • China
        • India
        • Japan
        • South Korea
      • North America
        • Canada
        • US
      • Europe
        • Germany
        • UK
        • France
      • Middle East and Africa
        • South America

        According to Technavio, There are several factors that are causing the market to flourish during the forecast period, which are as follows: 

        • Increasing need for lightweight high performance fibers
        • Growing adoption of recycled high performance fibers
        • Rising demand from aerospace market

        However, the market also witnesses some limitations, which are as follows:

        • High cost of production
        • Fluctuations in raw material prices
        • Negative environmental impact

        Benefits of Buying Global High Performance Fibers Market Research Report by Technavio

        Rich Experience: 20+ years leading global market research, trusted insights across industries.

        Unlock Business Potential with Technavio: Maximize ROI with Technavio's tailored market research: deep dives and actionable insights.

        Your Guide to Market Success: Empower your business with Technavio's market research and future-proof your decisions.

        Market Scope in High Performance Fibers Market Research Report

        Market Scope

        Report Coverage

        Details

        Page number

        225

        Base year

        2024

        Historic period

        2019-2023

        Forecast period

        2025-2029

        Growth momentum & CAGR

        Accelerate at a CAGR of 8.4%

        Market growth 2025-2029

        USD 6989 million

        Market structure

        market_structure.ucfirst

        YoY growth 2024-2025(%)

        7.2

        Key countries

        US, China, Japan, Germany, France, Canada, South Korea, India, UK, and Australia

        Competitive landscape

        Leading Companies, Market Positioning of Companies, Competitive Strategies, and Industry Risks

        Request Free Sample

        Find out which segment is leading the market by accessing the free PDF report

        Research Analysis Overview

        The High Performance Fibers Market encompasses a range of advanced materials including high-modulus fibers, fiber-reinforced polymers, and composite materials. These materials exhibit superior mechanical properties, thermal insulation, and resistance to corrosion, impact, and fire. Composite testing and manufacturing are crucial in characterizing and designing these materials for various applications. Advanced materials such as bio-based plastics, recycled fibers, and eco-friendly textiles are gaining popularity due to their sustainability and environmental benefits. Material science continues to innovate with high-performance composites, flame-retardant materials, structural composites, and abrasion-resistant materials. Sustainable development, circular economy, and bio-based composites are key trends driving the market towards environmental sustainability.

        Market Research Overview

        The High Performance Fibers market is a significant segment of the global specialty chemicals industry, encompassing manufacturers of advanced fiber composites such as hpf-reinforced and carbon-reinforced composites. These fibers find extensive applications in high-performance industries, including aerospace production, bullet-proof jackets, electronics, and protective gear. Composite materials, featuring PBI fibers and other heat-resistant and non-conductive fibers like Polybenzimidazole, are key drivers of growth in this market. The increasing demand for specialized adhesives and sealants, used in manufacturing these high-performance fibers and their composite applications, is expected to fuel market expansion throughout the forecast period.. Industries are leveraging the products belonging to the market for customer engagement, transactional notifications, and promotional offers.


        Contacts

        Technavio Research
        Jesse Maida
        Media & Marketing Executive
        US: +1 844 364 1100
        UK: +44 203 893 3200
        Email: media@technavio.com
        Website: www.technavio.com/

        Read News Read Less
        Interested in this report?
        Get your sample now!

      Safe and Secure SSL Encrypted

      Technavio

      • 2500 USD

      [5 reports/month/user]

      • 5000 USD

      close
      • Basic Plan [5000 USD/Year]:

        Single User
        Download 5 Reports/Month
        View 100 Reports/Month
        Add upto 3 Users at 625 USD/user

      • Teams Plan [7500 USD/Year]:

        5 User
        Download 5 Reports/Month/User
        View 100 Reports/Month/User
        Add upto 30 Users at 500 USD/user

      *You can upgrade to Teams plan at Subscription page

      close
      • Single:

        One user only.
        Quick & easy download option

      • Enterprise:

        Unlimited user access (Within your organization).
        Complimentary Customization Included

      *For Enterprise license, go to checkout page

      Technavio Get the report (PDF) sent to your email within minutes.