Global High-Temperature Fiber Market show exponential growth by 2024
Zion Market Research, the market research group announced the analysis report titled “High-Temperature Fiber Market: Global Industry Analysis, Size, Share, Growth, Trends, and Forecasts 2016–2024”
Global High-Temperature Fiber Market: Overview
High-temperature fibers are capable of surviving harsh environments and extreme temperatures. Normal fibers can be damaged due to extreme atmospheric conditions, fiber type, time of exposure, etc. High-temperature fibers are able to withstand temperatures that are above 200°C. It possesses specific characteristics such as excellent electrical insulation, high-strength bearing capacity, chemical resistance, low density, high thermal resistance, limiting oxygen index, and others. These fibers include ceramic fibers, aramid fibers, and others. The high-temperature fibers are used in applications where the product needs to be fatigue resistant, high usable strength, hydrogen permeation, and excellent resistance to higher temperatures.
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Global High-Temperature Fiber Market: Growth Factors
High-temperature fibers are extensively used in several high-temperature applications such as aerospace, automotive, and others. The demand for this fiber is expected to boost in the near future owing to the significant demand for heat and fire resistant fibers in many end-user applications. High-temperature fibers are heavily preferred by industrial sectors and security & protection applications thus increasing its demand. Companies involved in the high-temperature fiber market are chiefly investing in the emerging countries to tap the unexplored market. However, the high cost of production is posing a challenge to the market leaders which leads to the slow growth of the market.
Global High-Temperature Fiber Market: Segmentation
The global high-temperature fiber market is categorized based on the industry vertical, fiber type, and geography. The industry vertical segment is fragmented into aerospace, industrial, electrical and electronics, security and protection, automotive, and others. The industrial sector is the leading segment in the global market owing to its largest market share. The security & protection segment is also contributing significantly to the market growth. Based on the fiber type the market is categorized into basalt, aramid, ceramic, and others. The ceramic fiber segment contributes largest market share across the globe. It is widely used in numerous industrial applications. Aramid fiber is the second largest segment which is broadly used in the security & protection applications. Geographically the global market is segmented into North America, Europe, Asia-Pacific, Latin America, and the Middle East & Africa.
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Global High-Temperature Fiber Market: Regional Analysis
Asia-Pacific is the dominating region for high-temperature fiber followed by the Europe and the North America. Increasing use of the high-temperature fiber in electrical and electronics, automotive, and security & protection contributes to the high-temperature fiber market growth in the Asia-Pacific region. China is the top consumer of the high-temperature fiber globally. The shift in production activities from developed countries to low-cost Asian countries results in the rise of foreign investments in this region which influences the market growth in a positive way. Favorable growth in the aerospace industry and stable economic growth in Europe has anticipated the high-temperature fiber market growth. Growing awareness regarding health and safety of military personnel and industrial employees, and developing economies in the Latin America is enhancing the global high-temperature fiber market.
Global High-Temperature Fiber Market: Competitive Players
Major players in the global high-temperature fiber market are Toyobo, Du Pont, Toray Industries, Kamenny Vek, Teijin Limited, Kolon Industries, Royal Ten Cate, and Morgan Thermal Ceramics.
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Global High-Temperature Fiber Market: Regional Segment Analysis
North America(U.S.); Europe(UK, France, Germany); Asia-Pacific(China, Japan, India); Latin America(Brazil); The Middle East and Africa
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