High performance fibers are those fibers which offer exceptional strength, heat and chemical resistance. High performance fibers are niche products but some of them are manufactured in large quantities according to the demand from end-user industries. High performance fibers offer various properties such as fire resistance, high elongation, high tension and insulation among others. High performance fibers include various fibers such as aramid fibers, carbon fibers, melamine fibers, polybenzimidazole fibers (PBI), fluoropolymer fibers, polyphenylene sulfide fiber (PPS), ceramic fibers and HDPE fibers among others. Due to unique properties of high performance fibers they are used in various end-user industries such as aerospace, automotive, buildings & construction, marine, energy, defense & military, electronics & telecommunications and medical & healthcare among others. Glass and carbon fibers are commonly preferred high performance fibers across various end-user segments.