The high temperature fiber market size, in terms of value, was about USD 5,060.00 Million in 2014 and expected to witness a CAGR of 8.74% between 2015 and 2020.
Fibers with an operating temperature of 200°C and above are considered as high temperature fiber. High temperature fibers are synthetic fibers that exhibit unique properties, such as high-strength bearing capacity, high thermal resistance, low density, excellent electrical insulation, and so on. These fibers are widely used in the various high temperature applications. High temperature fibers are witnessing significant growth on account of the growing demand for heat and fire resistant fibers from various end use applications. The high temperature fibers covered in this report are aramid fibers, ceramic fibers, and other fibers. Ceramic fiber is the most widely used fiber. It is commonly used in industrial application. Aramid fiber is widely used in security & protection application.
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The growth of the market will be driven by the increasing demand for high temperature fiber in security & protection, industrial, and automotive applications. The Asia-Pacific region is the largest market for high temperature fibers, followed by Europe. The Asia-Pacific market is estimated to be the key growth area due to the high rate of economic development being experienced in the region. Moreover, increasing awareness about health and safety of military personnel and industrial employees is also contributing significantly to the market growth.
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 fiber has a various application 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.
Browse 74 market data tables and 60 figures spread through 153 pages and in-depth TOC on “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″
Browse 74 market data tables and 60 figures spread through 153 pages and in-depth TOC on “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″
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