BANGALORE, October 19, 2015 /PRNewswire/ --
Mordor Intelligence releases their report on the Global High-Performance Fibers Market. The report elucidates the situation of high-performance fibers around the world and studies the markets by type which include Polybenzimidazole (PBI) Fiber, Carbon Fiber, Aramid Fiber, Glass Fiber, High-Strength PE Fiber, Polyphenylene Sulfide (PPS) Fiber and Others; and by end-user industry - Aerospace & Defence, Medical, Automotive, Sporting Goods, Alternative Energy, Electronics, Construction & Infrastructure, Nonwoven, Filtration and Others.
The report is also divided by geography - North Americas, Europe, Asia-Pacific (APAC), South America and Middle-East & Africa (MEA); where-in the market share of each region is analyzed and estimates are provided for the next 5 years.
The global high-performance fibers market is valued at 9 billion USD in 2014, and is expected to grow at a CAGR of 8.5% till 2020.
Get the Full Report Here: Global High-Performance Fiber Market
High-performance fibers are deemed as important strategic materials. Notably, aramid fiber, carbon fiber and high-strength PE fiber are the most widely applied high-performance fibers with the most impressive comprehensive performance. China's high-performance fiber industry is expected to keep a growth rate of above 10% in the next six years.
The worldwide aramid fiber capacities concentrate in a minority of businesses in the US, Japan and China. In particular, meta-aramid market is in a large part dominated by the US-based DuPont with the capacity accounting for 62.5%, while in the para-aramid market, DuPont and Japan-based TeiJin take major share in the world, with the proportion exceeding 80%.
The high-strength PE fibers reached the annual demand approximating 55,000 tons, as opposed to its output of 11,000 tons at most.
Companies profiled in the report include Toray Industries, Cytec Industries Inc., Honeywell International Inc., Royal DSM, Sinopec Yizheng Chemical Fiber Co. Ltd. and Zoltek among others.
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SOURCE Mordor Intelligence LLP