Latin America High Performance Fibers Market Size & Outlook
Latin America high performance fibers market, 2017-2030 (US$M)
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Latin America high performance fibers market highlights
- The Latin America high performance fibers market generated a revenue of USD 294.8 million in 2021.
- The market is expected to grow at a CAGR of 6.5% 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.
- Country-wise, Brazil is expected to register the highest CAGR from 2022 to 2030.
Latin America data book summary
| Market revenue in 2021 | USD 294.8 million |
| Market revenue in 2030 | USD 518.9 million |
| Growth rate | 6.5% (CAGR from 2021 to 2030) |
| Largest segment | Aramid fiber |
| Fastest growing segment | Polybenzoxazole (PBO) |
| 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, Latin America region accounted for 2.5% 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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Latin America 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 67.3% in 2021. Horizon Databook has segmented the Latin America 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.
Increasing demand for personnel security & protection measures in various end-use industries coupled with increasing demand from other application is propelling the demand for high performance fibers in Central & South America.
Electrical insulation segment is projected to witness a significant growth owing to the augmenting transmission & distribution network and increasing demand for electricity across the region. Increasing demand for high fuel efficiency in automotive industry and continuous technological advancements.
In transportation industry are expected to fuel the demand for aramid fiber in Brazil over the forecast period. Moreover, increasing demand from various application segments is expected to further drive the market growth over the forecast period.
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Horizon Databook provides a detailed overview of continent-level data and insights on the Latin America high performance fibers market , including forecasts for subscribers. This continent databook contains high-level insights into Latin America high performance fibers market from 2017 to 2030, including revenue numbers, major trends, and company profiles.
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Latin America high performance fibers market size, by country, 2017-2030 (US$M)
Latin America High Performance Fibers Market Outlook Share, 2021 & 2030 (US$M)
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