Market Trends of High-Temperature Fiber Industry
This section covers the major market trends shaping the High-Temperature Fiber Market according to our research experts:
Growing Demand for High-Temperature Resistance Applications
- High-Temperature Fiber has been increasingly used as high thermal insulation material in various end-user industries such as automobiles, aerospace, industrial, electronics, and security purposes.
- Generally, high-temperature fibers are made up of different fibers such as aramid, ceramic, basalt, and other types. These fibers can handle a temperature of approximately 220 °c and also have great mechanical and physical properties.
- The properties of high-temperature fibers include good thermal and electrical insulation, high-strength bearing capacity, chemical resistance, excellent toughness and processability.
- The demand for aramid and ceramic high-temperature fibers has been growing significantly from the industrial sector as these offer good flexibility and provide much better security in different applications.
- High-Temperature Fibers are also being used in electronics due to their properties such as electrical resistance and electric insulation.
- The automobile sector is the fastest-growing segment in the consumption of high-temperature fibers. Manufacturers have been attracted to these fibers and these materials are increasingly being used for various applications where more heat is being generated.
- The outbreak of COVID-19 globally is expected to affect the production and the demand of high-temperature fibers in 2020.
- However, rapid recovery in industrialization in Asia-Pacific, growing electronics industry, and innovative applications in aerospace are expected to drive the demand for high-temperature fibers in coming years.
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Asia-Pacific Region to Dominate the Market
- Asia-Pacific is expected to dominate the global market owing to the highly developed electronics and automobile sector, coupled with the continuous investments done in the region to advance the industrial sector through the years.
- The demand for electronics has been significantly increasing because of the technological advances in the region. China, Japan, and Taiwan host a large number of electronic manufacturing plants in the region. This is one of the reasons behind the huge demand and increasing production of high-temperature fibers in recent years.
- The growth is also driven by the aerospace sector. Increasing consumption of high-temperature fibers in exterior and interior parts mainly in the commercial and military aircraft.
- Honeywell estimates that nearly 7,700 new aircraft deliveries are projected to be witnessed by 2028 and the Chinese aerospace industry is one of the leading industries in the region. The Chinese government is heavily investing to increase its domestic manufacturing capabilities. This in turn is expected to drive demand for high-temperature fibers from the aerospace sector during the forecast period.
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