The high-temperature fiber market is projected to witness a CAGR of 5.63% during the forecast period to reach a market size of US$4.183 billion by 2026, increasing from US$2.851 billion in 2019. As the name suggests, high-temperature fibers can operate at temperatures over 200°C. High-temperature fibers can be used in a variety of high-temperature applications. On account of the growing demand from various end-user applications for heat and fire-resistant fibers, high-temperature fibers are witnessing significant growth. Aramid fibers, ceramic fibers, and other high-temperature fibers are covered in this report. Most high-temperature fibers are made of ceramic. Several industrial applications require ceramic fibers. Aramid fiber is commonly used in security applications. Because of their high strength, high damage resistance, electrical insulation, and elevated burning temperature, the products are used extensively. Multiple industries are poised to benefit from the soaring demand for fire-resistant materials. Many automotive applications require fire-resistant materials. Developing end-use industries are also contributing to the growth of the market.
Fiber with high thermal insulation properties has been used for high thermal insulation in various end-user industries including automotive, aerospace, industrial, electronics, and security. A wide variety of fibers such as aramid, ceramic, basalt, and others make up high-temperature fibers. Industrial applications have grown significantly in demand for high-temperature fibers made from aramid and ceramic materials due to their good flexibility and superior security. The electrical resistance and electric insulation properties of high-temperature fibers make them useful in electronics as well. There is an increased need for high-temperature fiber in many countries because their electronic manufacturing industries have grown. For example, Vietnam ranked as one of the four largest exporters of electrical goods and components to the U.S. in 2019. Exports have doubled over the last four years and now exceed $19 billion, surpassing Taiwan, Japan, and Korea'
Also, the automotive industry is the fastest-growing segment for high-temperature fiber consumption. In the automotive industry, these fibers are becoming increasingly popular for a variety of applications in which more heat needs to be generated. Additionally, countries like India have made it very easy for players in the market to invest and manufacture in the country, which is driving the demand for high-temperature fiber. EV investment in India grew by nearly 170% in 2019 to reach US$ 397 million. (Source: ibef). In addition, high-temperature fibers are highly valued by military personnel, as well as the high strength of Aramid yarns, which have proven to be a lifesaving innovation for many soldiers engaged in tricky military operations. Despite their extreme fire resistance, they protect the body from burning even at 500°C. Stockholm International Peace Research Institute published a report titled "Trends in World Military Expenditure, 2019. U.S. military expenditures increased nearly 5.3% to $732 billion compared with a 5.1% increase by China, an 8% increase by India, a 4% increase by Russia. According to these predictions, the demand for high-temperature fiber is likely to increase during the forecast period as it is used in various end-user areas.
High-temperature fiber is widely used in a variety of industries. A variety of environmental impacts are associated with the processing, use, and disposal of insulation. As a result of the use of harmful foaming agents, high-temperature fibers manufacturing has become one of the most significant environmental issues in recent years. In addition to helping lower building energy costs and carbon footprints, foam-plastic insulation materials like polystyrene, polyurethane, and polyisocyanurate can reduce building energy consumption. For foam plastic insulation to pass the flammability test, however, potentially harmful flame retardants are used. As it has been linked to neurological damage, developmental disturbances, and cancer, it is a concern. The environmental impact of high-temperature fiber materials like cellulose, fiberglass, mineral wool, and cotton is generally lower than that of foam plastic insulation materials, although they do not offer as strong R-values per inch. These factors can cause hindrance in the market.
Almost all economies have been halted by the presently developing COVID-19 pandemic. Along with taking steps to contain the spread of the Coronavirus in their respective countries, governments around the world are also trying to contain the slowdown in the economy. Globally, defense budgets and military spending have increased despite the negative effect of COVID-19on industries. Many countries are vying to become nuclear powers due to the use of these materials, which are lightweight and can withstand temperature and impact, creating a huge market for these products. Thus the high-temperature fiber market has seen a steady movement during the pandemic.
|Market size value in 2019||US$2.851 billion|
|Market size value in 2026||US$4.183 billion|
|Growth Rate||CAGR of 5.63% from 2019 to 2026|
|Forecast Unit (Value)||USD Billion|
|Segments covered||Fibre Type, Industry Vertical, And Geography|
|Regions covered||North America, South America, Europe, Middle East and Africa, Asia Pacific|
|Companies covered||DuPont, Teijin Limited, Toray Industries, Toyobo, Kamenny Vek|
|Customization scope||Free report customization with purchase|
Frequently Asked Questions (FAQs)
Q1. What will be the high-temperature fiber market size by 2026?
A1. The high-temperature fiber market is projected to reach a market size of US$4.183 billion by 2026.
Q2. What is the size of the global high-temperature fiber market?
A2. High-Temperature Fiber Market was valued at US$2.851 billion in 2019.
Q3. What are the growth prospects for the high-temperature fiber market?
A3. The global high-temperature fiber market is projected to witness a CAGR of 5.63% during the forecast period.
Q4. What factors are anticipated to drive the high-temperature fiber market growth?
A4. On account of the growing demand from various end-user applications for heat and fire-resistant fibers, high-temperature fibers are witnessing significant growth.
Q5. How is the global high-temperature fiber market segmented?
A5. The high-temperature fiber market has been segmented by fiber type, industry vertical, and geography.
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