High performance fibers Market trends research and projections for 2017- 2024

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High performance fibers Market statistics and
research analysis released in latest report
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• Overview

• High Performance Fibers Market Size is expecting
  noticeable growth owing to increasing
  applications in end use industries such as
  building and construction, defense, automotive,
  electronics communication and textile industry.
  
• Strong application outlook for products offering
  superior strength, heat and chemical resistance
  will drive the overall high performance fibers
  market growth. 
• High performance fibers are technically driven
  products as compared to conventional counterparts
  offering enhanced tensile strength and higher
  modulus of elasticity. Owing to superior
  properties the product is widely utilized in
  various applications requiring continuous and
  strong axial bonding.
• Growing demand for products with wide range of
  operating temperature along with offering
  superior chemical resistance along with light
  weight requirement will propel the high
  performance fibers market growth. Production
  capacity of these are highly dependent on the
  application requirement whereas conventional
  products are highly price competitive. 

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• Expansion of product outlook in circuit boards,
  ballistics, sports equipment and composites
  offering superior durability, flexibility,
  interactive polymer chains and enhanced rigidity
  to the structure will drive the product demand.
• In addition to this, easy reinforcement of the
  products with composites will further support the
  high performance fibers market growth. Recycling
  issues along with fluctuating raw material prices
  may affect the industry growth. Industry players
  are focusing on increasing production capacity
  along with reducing the procurement cost of the
  raw material and cost involved in production.
• High performance fibers market can be segmented
  based on the product as glass, PBI, carbon fiber,
  ceramics, PPS, PE and aramid. Carbon fibers is
  expected to witness strong growth during forecast
  timeframe owing to increasing application scope
  of the product in various industries such as
  aerospace, defense and automotive
  industries.Depending on the applications, high
  performance fibers market can be segmented as
  aerospace and defense, automotive, electronics
  and communication, construction, sport goods,
  textile and construction industries.

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• 360 Analysis

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• Asia Pacific is estimated to dominate overall
  high performance fibers market owing to wide
  usage of the products in automotive,
  construction, aerospace defense and electronics
  telecommunication industries. Strong product
  outlook offering superior strength and
  temperature resistance properties will boost the
  overall industry growth.
• North America is expected to witness significant
  growth during the forecast timeframe owing to
  strong presence of manufacturers in the region
  focusing on the business expansion. Moreover,
  presence of end-user industries dealing in
  aerospace and defense such as Boeing will further
  support the high performance fibers market
  demand.
• Europe driven by Germany, UK, France, Italy and
  Russia is expected to observe steady growth
  during the forecast timeline owing to increasing
  advancement in automotive applications. In
  addition to this, stringent government
  regulations focusing on increasing efficiency
  will influence the product penetration.

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Competitive Trends

• The notable industries High Performance Fibers
  are
• Toray Industries Inc.,
• E. I. Du Pont De Nemours and Co.,
• Owens Corning, Kureha Corporation,
• PBI Performance Products, Inc.,
• Zoltek Companies Inc., Teijin Ltd.,
• Mitsubishi Rayon Co., Ltd

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