China High Performance Fibers Market Size & Outlook
China high performance fibers market, 2017-2030 (US$M)
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China high performance fibers market highlights
- The China high performance fibers market generated a revenue of USD 2,042.3 million in 2021 and is expected to reach USD 5,444.1 million by 2030.
- The China market is expected to grow at a CAGR of 11.5% from 2022 to 2030.
- In terms of segment, others products was the largest revenue generating product in 2021.
- M5/PIPD is the most lucrative product segment registering the fastest growth during the forecast period.
High performance fibers market data book summary
| Market revenue in 2021 | USD 2,042.3 million |
| Market revenue in 2030 | USD 5,444.1 million |
| Growth rate | 11.5% (CAGR from 2021 to 2030) |
| Largest segment | Others products |
| Fastest growing segment | M5/PIPD |
| Historical data | 2017 - 2020 |
| Base year | 2021 |
| Forecast period | 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, China accounted for 17.2% of the global high performance fibers market in 2021.
- Country-wise, China is expected to lead the global market in terms of revenue in 2030.
- In Asia Pacific, China high performance fibers market is projected to lead the regional market in terms of revenue in 2030.
- China is the fastest growing regional market in Asia Pacific and is projected to reach USD 5,444.1 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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China 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 69.73% in 2021. Horizon Databook has segmented the China 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.
Progressing economy, coupled with increasing scope pertaining to aircraft maintenance & services, is expected to fuel the growth of the aerospace industry in China, thereby driving the demand for high performance fibers for aerospace & defense applications.
Moreover, government initiatives to increase domestic manufacturing capabilities and overall export are likely to boost the product demand over the forecast period. The market is witnessing an increasing product penetration owing to the growing demand for lightweight components for commercial aircraft.
In addition, government bodies in China provide financial aid & support for the development of the domestic aircraft manufacturing industry, which is likely to lead to an increase in the demand for high performance fibers during the forecast period.
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Horizon Databook provides a detailed overview of country-level data and insights on the China high performance fibers market , including forecasts for subscribers. This country databook contains high-level insights into China high performance fibers market from 2017 to 2030, including revenue numbers, major trends, and company profiles.
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China high performance fibers market size, by product, 2017-2030 (US$M)
China High Performance Fibers Market Outlook Share, 2021 & 2030 (US$M)
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