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The Global High-Performance Fibers Market accounted for USD 15.4 billionu00a0and is expected to reachu00a0USD 34.7 billionu00a0in 2032. This market is estimated to register au00a0CAGR of 8.7%u00a0between 2023 and 2032. High performance fibers (HPF) will increasingly be used to reinforce composite materials for use in aircraft, military vehicles, electronics, and sports goods. High performance fibers are a preferred option in these industries because they provide greater mechanical qualities to more conventional materials such as metals and plastics.
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