Dublin, Sept. 11, 2023 (GLOBE NEWSWIRE) -- The "High Performance Fibers - Global Strategic Business Report" report has been added to ResearchAndMarkets.com's offering.
The global high-performance fibers market is poised for remarkable expansion, with projections indicating a growth from $18.5 billion in 2022 to a substantial $42.5 billion by 2030.
This anticipated growth is driven by a robust CAGR of 11% over the analysis period of 2022-2030. Among the key segments contributing to this growth, carbon fiber stands out with a projected 13.8% CAGR, expected to reach $15.9 billion by the end of the analysis period.
Additionally, the polybenzimidazole segment is readjusted to an 11.5% CAGR, taking into account ongoing post-pandemic recovery.
Market Insights
- Segment Dynamics: Carbon fiber, a standout segment, is projected to record significant growth due to its versatile applications and properties, contributing to a 13.8% CAGR.
- Geographical Trends: China, as the second-largest economy globally, is anticipated to witness a robust growth rate, with a forecasted market size of $11.1 billion by 2030, accompanied by an impressive CAGR of 17.3% from 2022 to 2030.
- Global Reach: Other key geographic markets include Japan and Canada, each expected to grow at 5.3% and 9.6% respectively during the 2022-2030 period. Germany, within Europe, is poised to demonstrate growth at an approximate CAGR of 6.8%.
Key Players in the Market
- 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.
Key Attributes:
| Report Attribute | Details |
| No. of Pages | 89 |
| Forecast Period | 2022 - 2030 |
| Estimated Market Value (USD) in 2022 | $18.5 Billion |
| Forecasted Market Value (USD) by 2030 | $42.5 Billion |
| Compound Annual Growth Rate | 11.0% |
| Regions Covered | Global |
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
- High Performance Fibers - Global Key Competitors Percentage Market Share in 2022 (E)
- Competitive Market Presence - Strong/Active/Niche/Trivial for Players Worldwide in 2022 (E)
2. FOCUS ON SELECT PLAYERS
3. MARKET TRENDS & DRIVERS
4. GLOBAL MARKET PERSPECTIVE
III. MARKET ANALYSIS
IV. COMPETITION
For more information about this report visit https://www.researchandmarkets.com/r/8gzim3
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.
Attachment
