The Worldwide High Performance Fibers Market is Expected to Reach $25 Billion by 2025
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The High-Performance Fibers Market size is forecast to reach $25 billion by 2025, after growing at a CAGR of 9% during 2020-2025.
High performance fibers have high strength and excellent corrosion resistance owing its use in various end use industries like automotive, aerospace & defense and electronics. Increasing demand for high quality product with good durability and strength is driving the growth of high-performance fibers market globally. Moreover, government regulations for safety and minimal road accidents has increased the demand of high-performance fibers in automotive sector which augmented their market growth.