Asia Pacific High Performance Fibers Market Size & Outlook
Asia Pacific high performance fibers market, 2017-2030 (US$M)
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Asia Pacific high performance fibers market highlights
- The Asia Pacific high performance fibers market generated a revenue of USD 5,139.3 million in 2021.
- The market is expected to grow at a CAGR of 9.5% from 2022 to 2030.
- In terms of segment, others products was the largest revenue generating product in 2021.
- Polybenzimidazole (PBI) is the most lucrative product segment registering the fastest growth during the forecast period.
- Country-wise, China is expected to register the highest CAGR from 2022 to 2030.
Asia Pacific data book summary
| Market revenue in 2021 | USD 5,139.3 million |
| Market revenue in 2030 | USD 11,616.9 million |
| Growth rate | 9.5% (CAGR from 2021 to 2030) |
| Largest segment | Others products |
| Fastest growing segment | Polybenzimidazole (PBI) |
| Historical data covered | 2017 - 2020 |
| Base year for estimation | 2021 |
| Forecast period covered | 2022 - 2030 |
| Quantitative units | Revenue in USD million |
| Market segmentation | Carbon Fiber, Polybenzimidazole (PBI), Aramid Fiber, M5/PIPD, Polybenzoxazole (PBO), Glass Fiber, High Strength Polyethylene, Others Products |
| Key market players worldwide | Toray Industries Inc, DuPont de Nemours Inc, Teijin Ltd, Toyobo Co Ltd, DSM Firmenich AG, Kernel Holding SA, Kolon Industries, Huvis |
Other key industry trends
- In terms of revenue, Asia Pacific region accounted for 43.2% of the global high performance fibers market in 2021.
- Globally, Asia Pacific is projected to lead the regional market in terms of revenue in 2030.
- North America is the fastest growing regional market and is projected to reach USD 7,629.4 million by 2030.
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High Performance Fibers Market Scope
High Performance Fibers Market Companies
| Name | Profile | # Employees | HQ | Website |
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Asia Pacific high performance fibers market outlook
The databook is designed to serve as a comprehensive guide to navigating this sector. The databook focuses on market statistics denoted in the form of revenue and y-o-y growth and CAGR across the globe and regions. A detailed competitive and opportunity analyses related to high performance fibers market will help companies and investors design strategic landscapes.
Others products was the largest segment with a revenue share of 61.58% in 2021. Horizon Databook has segmented the Asia Pacific high performance fibers market based on carbon fiber, polybenzimidazole (pbi), aramid fiber, m5/pipd, polybenzoxazole (pbo), glass fiber, high strength polyethylene, others products covering the revenue growth of each sub-segment from 2017 to 2030.
Growing need for security & protection measures in various end-use industries and increasing usage of high performance fibers as an alternative to asbestos and steel are some of the main factors projected to contribute significantly for the market growth over the forecast period.
Security & protection measures in various industries such as healthcare/medical, mining, oil & gas, manufacturing, building & construction, and military are fueling the product use in major economies such as China and India.
which, in turn, is likely to provide significant opportunity for the market to grow in the coming years. Growing investments in construction, manufacturing, and healthcare sectors are anticipated to drive the product demand over the forecast period.
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Our clientele includes a mix of high performance fibers market companies, investment firms, advisory firms & academic institutions.
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Approximately 65% of our revenue is generated working with competitive intelligence & market intelligence teams of market participants (manufacturers, service providers, etc.).
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Horizon Databook provides a detailed overview of continent-level data and insights on the Asia Pacific high performance fibers market , including forecasts for subscribers. This continent databook contains high-level insights into Asia Pacific high performance fibers market from 2017 to 2030, including revenue numbers, major trends, and company profiles.
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Asia Pacific high performance fibers market size, by country, 2017-2030 (US$M)
Asia Pacific High Performance Fibers Market Outlook Share, 2021 & 2030 (US$M)
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