High Temperature Fiber Market Scope
The report "High Temperature Fiber Market by Fibers Type (Aramid (Para-aramid, Meta-aramid, others), Ceramic (Refractory Ceramic Fibers, Low Bio-persistent and others), and other fibers (Basalt, and others)), by Application (Security Protection, Automotive, Aerospace, Industrial, Electrical Electronics, and others) and by Region - Global Trends and Forecasts to 2020" The market report defines and segments the High Temperature Fiber Market with analysis and forecasting of consumption volume and value. The report explained SWOT analysis, revenue share, and contact information are shared in this report analysis. It also provides market information in terms of development and its capacities.
The market for high temperature fibers refers to the production and sale of fibers that are able to withstand high temperatures without degrading or losing their strength. These fibers are used in a variety of industries, including aerospace, automotive, and industrial manufacturing. Some examples of high temperature fibers include ceramic fibers, silicon carbide fibers, and carbon fibers. The market for these fibers is expected to grow in the coming years due to increasing demand for high temperature resistant materials in various industries. Factors such as increasing use of high temperature insulation in industrial processes and the growing aerospace and defense industry are driving the growth of the high temperature fibers market.
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High Temperature Fibers have good tolerance to extreme temperature along with other unique characteristic such as high strength, low weight, and so on. The global High Temperature Fiber Market is expected to reach at USD 8,308.46 Million in 2020 at a CAGR of 8.74% during the period between 2015 and 2020. The high temperature fibers market can be classified into three types, such as aramid, ceramic, and others fibers type. The most widely used high temperature fibers are aramid and ceramic fibers. Increasing demand for high temperature fibers in the industrial application is expected to further drive the market. The high cost of production is resulting in the slow growth of the market and is posing a challenge to key global players such as E. I. du Pont de Nemours and Company (U.S.), Teijin Limited (Japan), and so on.
Asia Pacific is the key market for high temperature fibers
Asia-Pacific and Europe dominated the High Temperature Fiber Market in 2014 and accounted for over 64% of the global market, by volume and value. Country-wise, China is the top market of high temperature fiber globally. North America is the second-largest High Temperature Fiber Market in the world. High temperature fibers have various applications such as security protection, automotive, aerospace, industrial, and electrical electronics, and others. The future growth of the global market is heavily dependent on the market in the developing economies, especially in Asia-Pacific and RoW. The mass exodus of production activities (automotive industrial) from the developed countries to low-cost Asian countries and the consequent increase of foreign investments in the region will drive the high temperature fibers market.
Industrial and security protection application to drive the high temperature fibers market
Industrial application enjoys the lion share in the high temperature fibers market, accounting for around 49% of the market share by value in 2014. The increasing industrial development around the world is expected to sustain the demand of high temperature fibers in the coming years. The fastest growth rate in the High Temperature Fiber Market is projected to come from the automotive and industrial applications.
Increase in demand from emerging countries
Due to increasing industrial development in developing countries such as India, China, and Brazil, the demand for high temperature fibers is expected to get a boost. Most of the demand for high temperature fibers in these developing countries is expected to come from industrial and security protection application. Various key players in the global high temperature fibers market are investing in the emerging countries to tap the unexplored market. This helps the market players to maintain a leading position in the global High Temperature Fiber Market.
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High Temperature Fiber Market Key Players
- E. I. du Pont de Nemours and Company (U.S)
- Toyobo Co., LTD. (Japan)
- Teijin Limited (Japan)
- Morgan Thermal Ceramics (U.K.)
- Toray Industries (Japan)
Reasons for Buying this Report
- This report provides pin-point analysis for changing competitive dynamics
- It provides a forward-looking perspective on different factors driving or restraining market growth
- It provides a six-year forecast assessed based on how the market is predicted to grow
- It helps in understanding the key product segments and their future
- It provides pinpoint analysis of changing competition dynamics and keeps you ahead of competitors
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