June 10, 2021
ATLANTA, GA June 10, 2021 The 2021 edition of Techtextil North America has released the schedule for the highly acclaimed Symposium, taking place alongside the Techtextil North America tradeshow, August 23 – 25, 2021 at the Raleigh Convention Center in Raleigh, North Carolina.
The Techtextil North America Symposium is dedicated to showcasing advancements in research and technology for the textile industry, highlighting the latest trends and innovations, with a focus on sustainable practices. The show’s theme this year is “Accelerating Technology” and will explore the textile industry’s high level of innovation and contribution to the global supply chain.
Attendees will have the opportunity to expand their expertise and gain a competitive edge throughout seven presentation and panel-style sessions, where industry leaders and subject matter experts will cover the hottest topics around the post-pandemic supply chain, exploring lessons learned, adaptations b
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Amid the COVID-19 crisis, the global market for High Performance Fibers estimated at US$14.6 Billion in the year 2020, is projected to reach a revised size of US$24.5 Billion by 2027, growing at a CAGR of 7.6% over the analysis period 2020-2027.
Carbon Fiber, one of the segments analyzed in the report, is projected to record a 8.7% CAGR and reach US$8 Billion by the end of the analysis period. After an early analysis of the business implications of the pandemic and its induced economic crisis, growth in the Polybenzimidazole segment is readjusted to a revised 7.8% CAGR for the next 7-year period.
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.