AP NEWS
ADVERTISEMENT
Press release content from Business Wire. The AP news staff was not involved in its creation.
PRESS RELEASE: Paid content from Business Wire
Press release content from Business Wire. The AP news staff was not involved in its creation.

Global High Performance Fibers Industry (2020 to 2027) - Market Trajectory & Analytics - ResearchAndMarkets.com

April 12, 2021 GMT

DUBLIN--(BUSINESS WIRE)--Apr 12, 2021--

The “High Performance Fibers - Global Market Trajectory & Analytics” report has been added to ResearchAndMarkets.com’s offering.

Amid the COVID-19 crisis, the global market for High Performance Fibers estimated at US$14.6 Billion in the year 2020, is projected to reach a revised size of US$24.5 Billion by 2027, growing at a CAGR of 7.6% over the analysis period 2020-2027.

ADVERTISEMENT

Carbon Fiber, one of the segments analyzed in the report, is projected to record a 8.7% CAGR and reach US$8 Billion by the end of the analysis period. After an early analysis of the business implications of the pandemic and its induced economic crisis, growth in the Polybenzimidazole segment is readjusted to a revised 7.8% CAGR for the next 7-year period.

The U.S. Market is Estimated at $4 Billion, While China is Forecast to Grow at 11.7% CAGR

The High Performance Fibers market in the U.S. is estimated at US$4 Billion in the year 2020. China, the world`s second largest economy, is forecast to reach a projected market size of US$5.5 Billion by the year 2027 trailing a CAGR of 11.7% over the analysis period 2020 to 2027. Among the other noteworthy geographic markets are Japan and Canada, each forecast to grow at 4.1% and 6.9% respectively over the 2020-2027 period. Within Europe, Germany is forecast to grow at approximately 4.9% CAGR.

Aramid Segment to Record 6.8% CAGR

In the global Aramid segment, USA, Canada, Japan, China and Europe will drive the 6.3% CAGR estimated for this segment. These regional markets accounting for a combined market size of US$1.6 Billion in the year 2020 will reach a projected size of US$2.5 Billion by the close of the analysis period. China will remain among the fastest growing in this cluster of regional markets. Led by countries such as Australia, India, and South Korea, the market in Asia-Pacific is forecast to reach US$3.4 Billion by the year 2027, while Latin America will expand at a 8.1% CAGR through the analysis period.

Select Competitors (Total 34 Featured):

  • AGY Holding Corp.
  • Bally Ribbon Mills
  • Cytec Industries, Inc.
  • E. I. Du Pont De Nemours and Co.,
  • Honeywell International
  • Koninklijke Ten Cate NV
  • Kureha Corporation
  • Mitsubishi Rayon Co., Ltd.
  • Owens Corning
  • PBI Performance Products, Inc.
  • PHP Fibers
  • Teijin Ltd.
  • Toray Industries, Inc.
  • Yantai Tayho Advanced Materials Co., Ltd.
  • Zoltek Companies, Inc.

ADVERTISEMENT

Key Topics Covered:

I. METHODOLOGY

II. EXECUTIVE SUMMARY

1. MARKET OVERVIEW

  • Influencer Market Insights
  • World Market Trajectories
  • Impact of COVID-19 and a Looming Global Recession

2. FOCUS ON SELECT PLAYERS

3. MARKET TRENDS & DRIVERS

4. GLOBAL MARKET PERSPECTIVE

III. MARKET ANALYSIS

  • UNITED STATES
  • CANADA
  • JAPAN
  • CHINA
  • EUROPE
  • FRANCE
  • GERMANY
  • ITALY
  • UNITED KINGDOM
  • SPAIN
  • RUSSIA
  • REST OF EUROPE
  • ASIA-PACIFIC
  • AUSTRALIA
  • INDIA
  • SOUTH KOREA
  • REST OF ASIA-PACIFIC
  • LATIN AMERICA
  • ARGENTINA
  • BRAZIL
  • MEXICO
  • REST OF LATIN AMERICA
  • MIDDLE EAST
  • IRAN
  • ISRAEL
  • SAUDI ARABIA
  • UNITED ARAB EMIRATES
  • REST OF MIDDLE EAST
  • AFRICA

IV. COMPETITION

  • Total Companies Profiled: 34

For more information about this report visit https://www.researchandmarkets.com/r/9rml52

About ResearchAndMarkets.com

ResearchAndMarkets.com is the world’s leading source for international market research reports and market data. We provide you with the latest data on international and regional markets, key industries, the top companies, new products and the latest trends.

View source version on businesswire.com:https://www.businesswire.com/news/home/20210412005397/en/

CONTACT: ResearchAndMarkets.com

Laura Wood, Senior Press Manager

press@researchandmarkets.com

For E.S.T Office Hours Call 1-917-300-0470

For U.S./CAN Toll Free Call 1-800-526-8630

For GMT Office Hours Call +353-1-416-8900

KEYWORD:

INDUSTRY KEYWORD: TECHNOLOGY INTERNET

SOURCE: Research and Markets

Copyright Business Wire 2021.

PUB: 04/12/2021 04:38 AM/DISC: 04/12/2021 04:38 AM

http://www.businesswire.com/news/home/20210412005397/en