Germany High Performance Fibers Market Size & Outlook
Germany high performance fibers market, 2017-2030 (US$M)
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Germany high performance fibers market highlights
- The Germany high performance fibers market generated a revenue of USD 655.5 million in 2021 and is expected to reach USD 1,299.6 million by 2030.
- The Germany market is expected to grow at a CAGR of 7.9% from 2022 to 2030.
- In terms of segment, aramid fiber was the largest revenue generating product in 2021.
- Polybenzoxazole (PBO) 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 655.5 million |
| Market revenue in 2030 | USD 1,299.6 million |
| Growth rate | 7.9% (CAGR from 2021 to 2030) |
| Largest segment | Aramid fiber |
| Fastest growing segment | Polybenzoxazole (PBO) |
| 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, Germany accounted for 5.5% 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 Europe, Germany high performance fibers market is projected to lead the regional market in terms of revenue in 2030.
- Germany is the fastest growing regional market in Europe and is projected to reach USD 1,299.6 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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Germany 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.
Aramid fiber was the largest segment with a revenue share of 33.01% in 2021. Horizon Databook has segmented the Germany 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.
Germany accounted for a significant share in demand for high performance fibers in 2019 and is expected to continue this trend over the forecast period. The robust automobile manufacturing industry backed with technological innovations and developments is expected to boost the demand.
Moreover, the growing need for performance mechanism of automobiles and aircraft are likely to offer growth prospect to the high performance fiber market. Automobile manufacturing is a prominent industry in Germany as it produces more than 25% of passenger cars in Europe.
This is further expected to ascend at a notable rate as prominent automobile players are investing in business expansion and are also aiming for increased exports to neighboring countries. Thus, is anticipated to influence the demand for high performance fibers.
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Horizon Databook provides a detailed overview of country-level data and insights on the Germany high performance fibers market , including forecasts for subscribers. This country databook contains high-level insights into Germany high performance fibers market from 2017 to 2030, including revenue numbers, major trends, and company profiles.
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Germany high performance fibers market size, by product, 2017-2030 (US$M)
Germany High Performance Fibers Market Outlook Share, 2021 & 2030 (US$M)
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