High temperature fiber market value projected to reach USD 8,308.46 Million by 2020

High temperature fibers are synthetic fibers that display a wide array of unique properties, such as high weight bearing capacity, high thermal resistance and flame resistance, low density, good electrical insulation, and so on. The high temperature fibers market is classified into three key segments, on the basis of type- Aramid fiber, ceramic fiber, and other fiber. Ceramic fiber is the fastest-growing type that finds applications in security & protection and other industries such as steel, cement, power, and so on.

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The industrial sector is the largest application segment for the high temperature fiber market and it is likely to continue dominating the market till 2020. Security & protection and automotive application of high temperature fibers are projected to be the driving force to the growth of the high temperature fibers market between 2015 and 2020. Increasing industrial development and rise of conflicts, which leads to increased military spending, are the main factors driving the growth of the market. High cost of production and high cost of raw material are the major restraints inhibiting the growth of the market.

The high temperature fiber market is dominated by Asia-Pacific, followed by Europe. The dominance of the market by these two regions is attributed mainly to the high demand for industrial and security & protection application. RoW is projected to witness the second highest growth rates in terms of value during the forecast period (2015–2020). The high temperature fibers market in Europe and North America is consolidated, where as the market in Asia-Pacific has a fragmented structure. Countries in the Asia-Pacific region such as China, India, and South Korea have many small and upcoming high temperature fibers manufacturers. The level of competition in this market is expected to increase with the expansions of capacity of the small players. The major players in the market have been focusing on the development of new product variants that offer higher quality and performance to their consumers. Emerging regions such as China, India and so on will be targeted by all the players in the industry to consolidate their position in the high temperature fibers market.

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This report includes the profiles of leading manufacturers such as 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), and others.

The report analyses the high temperature fiber market in various applications and assess the market demand in each regions. The report also provides a market overview of high temperature fibers.

This report is useful for raw material suppliers & high temperature fibers manufacturers, intermediate manufacturer, structural parts manufacturer, original equipment manufacturer (OEM), and end use application sectors such as security & protection, automotive, aerospace, industrial, and electrical & electronics and others.

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