PUBLISHER: AnalystView Market Insights | PRODUCT CODE: 1485798
PUBLISHER: AnalystView Market Insights | PRODUCT CODE: 1485798
High-temperature Fiber Market size was valued at USD 8,734.23 million in 2023, expanding at a CAGR of 8.5% from 2024 to 2032.
High-temperature fibers are synthetic fibers engineered to withstand extreme heat conditions without degradation. They find applications in various industries such as aerospace, automotive, electronics, and industrial processes where exposure to high temperatures is common. The expansion of industrial infrastructure, particularly in emerging economies, is driving the demand for high-temperature fibers for use in manufacturing processes, construction, and other applications. However, The production of high-temperature fibers involves complex processes and requires specialized equipment, which can contribute to high manufacturing costs.
High-temperature Fiber Market- Market Dynamics
Growing demand from the automobile sector
High-temperature fibers, such as ceramic fibers, are used in exhaust systems to insulate and protect surrounding components from the intense heat generated by the engine exhaust. They help to reduce heat transfer to nearby parts, preventing overheating and potential damage. Automotive engines and exhaust systems require gaskets and seals that can withstand high temperatures without degrading or failing. High-temperature fibers are used in these applications to ensure a reliable seal and prevent leaks. An increase in vehicle production causes a high demand for high-temperature fibers in the automotive sector. According to the European Automobile Manufacturers Association, In 2022, 85.4 million motor vehicles were produced around the world, an increase of 5.7% compared to 2021.
High-temperature Fiber Market- Key Insights
As per the analysis shared by our research analyst, the global market is estimated to grow annually at a CAGR of around 8.5% over the forecast period (2024-2032)
Based on fibre type segmentation, ceramic was predicted to show maximum market share in the year 2023
Based on application segmentation, automotive was the leading type in 2023
Based on region, the Asia Pacific was the leading revenue generator in 2023
The Global High-temperature Fiber Market is segmented based on Fiber Type, Application, End Use Industry, and Region.
The market is divided into three categories based on application: High-temperature fibers, such as aramid fibers (e.g., Kevlar), carbon fibers, and ceramic fibers, which have several uses in the automotive industry due to their unique properties.
The market is divided into two categories based on application: High-temperature fibers offer numerous benefits in the automotive industry, primarily due to their ability to withstand extreme heat and harsh conditions. High-temperature fibers are highly durable and have excellent resistance to corrosion, chemicals, and abrasion.
High-temperature Fiber Market- Geographical Insights
Geographically, this market is widespread in the regions of North America, Latin America, Europe, Asia Pacific, and the Middle East and Africa. These regions are further divided as per the nations bringing business.
Throughout the projection period, Asia-Pacific is anticipated to hold the biggest market share. The Asia-Pacific region's high-temperature fiber market is expanding due in part to the expanding applications of high-temperature fiber in electronics, electrical and automotive systems, security, and protection. The world's largest market for high-temperature fiber is dominated by China. Increased foreign investment in this region has a beneficial impact on market growth as a result of the production activities moving from developed to low-cost Asian states.
The market for high-temperature fibres worldwide is characterised by the presence of several significant players, including Toray Industries, Morgan Thermal Ceramics, Toyobo Co. Ltd., Teijin Limited, DuPont, Kolon Industries, Inc., Kamenny Vek, and Yantai Tayho Advanced Materials Co, Ltd. Major competitors in the market are devoting a great deal of time and resources to research and development aimed at raising the fibres' working temperature in an attempt to expand the available applications. To draw in customers, businesses are also concentrating on introducing cutting-edge goods. For instance, in
In February 2024, The Mitsubishi Chemical Group (MCG Group) announced to development of a high heat-resistant ceramic matrix composite (CMC) using pitch-based carbon fibers, providing heat resistance mainly for space industry applications.
GLOBAL HIGH-TEMPERATURE FIBER MARKET KEY PLAYERS- DETAILED COMPETITIVE INSIGHTS
DuPont
Kamenny Vek
Kolon Industries, Inc.
Morgan Advanced Materials
Owens Corning
Rex Sealing & Packing Industries Private Limited.
TEIJIN LIMITED
TORAY INDUSTRIES, INC.
TOYOBO CO., LTD.
Yantai Tayho Advanced Materials Co.,Ltd.
Others