The high temperature fiber market size, in terms of value, was about USD 5,060.00 Million in 2014 and expected to witness a CAGR of 8.74% between 2015 and 2020.

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High Temperature Fibers have good tolerance to extreme temperature along with other unique characteristic such as high strength, low weight, and so on. The high temperature fibers market can be classified into three types, such as aramid, ceramic, and others fibers type. The most widely used high temperature fibers are aramid and ceramic fibers. Increasing demand for high temperature fibers in the industrial application is expected to further drive the market. The high cost of production is resulting in the slow growth of the market and is posing a challenge to key global players such as E. I. du Pont de Nemours and Company (U.S.), Teijin Limited (Japan), and so on.

Industrial and security & protection application to drive the high temperature fibers market

Industrial application enjoys the lion share in the high temperature fiber market, accounting for around 49% of the market share by value in 2014. The increasing industrial development around the world is expected to sustain the demand of high temperature fibers in the coming years. The fastest growth rate in the high temperature fiber market is projected to come from the automotive and industrial applications.

Increase in demand from emerging countries

Due to increasing industrial development in developing countries such as India, China, and Brazil, the demand for high temperature fibers is expected to get a boost. Most of the demand for high temperature fibers in these developing countries is expected to come from industrial and security & protection application. Various key players in the global high temperature fibers market are investing in the emerging countries to tap the unexplored market. This helps the market players to maintain a leading position in the global high temperature fiber market.

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.

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