The demand of lightweight products at superior strength is the core requirement in the high performance industries, such as aerospace and defense. Similarly, the strict government regulations in the automotive industry, such as CAFÉ standard are putting pressure on OEMs to curb the overall vehicle weight to achieve high fuel efficiency and reduce carbon emission. These are some of the factors compelling OEMs to develop products leveraging high performance fibers in the structural applications, such as aircraft fuselage & wings, automotive monocoque, wind blades, and ballistic armor. High performance fibers include carbon fiber (PAN and Pitch), aramid fiber (Meta and Para), S-glass fiber, Polybenzimidazole (PBI) Fiber, High-Strength PE Fiber, Boron fiber, and Polyphenylene sulfide (PPS) Fiber.

The high performance fiber market offers a healthy growth opportunity and is likely to grow at a healthy CAGR during the forecast period of 2020 to 2025. Carbon fiber is likely to drive the global high performance fibers market mainly driven by increasing penetration in the automotive, aerospace & defense, and wind energy segments. High impact resistance, high specific strength and modulus, excellent corrosion resistance and fatigue resistance are the major drivers of high performance fibers market.

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