Dublin, Aug. 13, 2021 (GLOBE NEWSWIRE) -- The "High-Temperature Fibers: Global Markets to 2030" report has been added to ResearchAndMarkets.com's offering.
The global high temperature fibers market should reach $14.6 billion by 2030 from $7.8 billion in 2021 at a compound annual growth rate (CAGR) of 7.2% for the forecast period of 2021 to 2030.
The high-temperature fiber market is comprised of three major fibers: aramid fiber, carbon fiber, and ceramic fiber. These fibers are widely used in the security and defense, aerospace, automotive and wind energy industries to produce components that can withstand extreme temperatures and harsh environments while being lightweight and without compromising strength and quality.
According to the Global Wind Energy Council (GWEC), there was growth around the world in wind installation in 2020, with double-digit growth of more than 10% by 2030 driving high-temperature fiber. The 5G industry is expected to grow with a double-digit growth rate in the coming couple of years, owing to increasing remote work and education. In addition to this, the COVID-19 pandemic also bumped the usage of laptops and mobiles. This has increased the usage of high-temperature fibers used in optical cables and PCBs.
Despite the negative effect of COVID-19 on industries, countries across the globe have increased defense budgets and military spending. Multiple nations are in the race to become super and nuclear powers due to the use of these materials that can tolerate temperature and impact and are lightweight for vehicles and armor, creating a huge demand in this industry.
The automotive industry is moving towards electric vehicles, driverless cars, superfast cars, and fuel-efficient cars. This industry is experiencing demand for high-temperature fibers to produce highly efficient components.
In 2020, the aerospace and automotive industry was severely hampered as manufacturing facilities were shut down and production came to standstill due to COVID-19. This resulted in a negative impact on growth rates in several countries. Production is still at a slow pace. Companies are trying to destock rather than produce the new stock.
Global markets are presented with the size of high-temperature fiber segments, along with growth forecasts through 2030. Estimates of sales value are based on the price in the supply chain. Market-driving forces and industry structure are examined. International aspects are analyzed for all global regions and types of high-temperature fiber. Profiles of major global manufacturers are presented.
The Report Includes:
- The aramid fiber segment of the global high-temperature fibers market is expected to grow from $3.5 billion in 2021 to $7.2 billion in 2030 at a CAGR of 8.2% for the forecast period of 2021 to 2030.
- The carbon fiber segment of the global high-temperature fibers market is expected to grow from $2.5 billion in 2021 to $4.4 billion in 2030 at a CAGR of 6.5% for the forecast period of 2021 to 2030.
- Estimation of the market size and analyses of global market trends both in terms of volume and value, with data from 2020, estimates for 2021, 2026 and projections of compound annual growth rates (CAGRs) through 2030
- A detailed description of the unique properties of high temperature fibers, such as high thermal resistance, low density, excellent electrical insulation, and its high-strength bearing capacity, and coverage of the manufacturing process of high temperature fibers
- Quantification of high temperature fiber market based on region, fiber type, and application
- Analysis of market drivers, restraints and other forces impacting the global market and evaluation of current market size and forecast, and technological advancements within the industry
- Market share analysis of the key companies of the industry and coverage of their proprietary technologies, strategic alliances, and other key market strategies
Key Topics Covered:
Chapter 1 Introduction
Chapter 2 Summary and Highlights
Chapter 3 Market Trends
- Drivers
- Wind Installations
- Increasing Investment in the Military Expenditure among Countries
- Restraints
- Reducing Commercial Aircraft Deliveries
- Challenges
- Advanced Production Process
- Slow Production Rate
- High Price of High-Temperature Fiber
- Opportunities
- Growing Usage of Carbon Fiber in Electric Vehicles
Chapter 4 Global Market for High-Temperature Fibers
Chapter 5 Global Market for High-Temperature Fibers by Region
- Global Market for High-Temperature Fibers
- North America
- United States
- Canada
- Europe
- Germany
- France
- Russia
- Italy
- United Kingdom
- Rest of Europe
- Asia-Pacific
- China
- India
- Japan
- South Korea
- Rest of Asia-Pacific
- Latin America
- Middle East and Africa
Chapter 6 Global Market for Aramid Fiber
- Introduction
- Global Market for Aramid Fiber by Application
- Market for Aramid Fiber by Region
- Security and Protection
- Aerospace
- Automotive
- Electronics and Electrical
Chapter 7 Global Market for Carbon Fiber
- Introduction
- Market for Carbon Fiber by Application
- Market for Carbon Fiber by Region
- Aerospace
- Automotive
- Wind Energy
Chapter 8 Global Market for Ceramic Fiber
- Introduction
- Market for Ceramic Fiber by Application
- Market for Ceramic Fiber by Region
- Refining and Petrochemical
- Refining and Petrochemical Application Market by Region
- Iron and Steel
- Power Generation
- Aluminum
- Basalt Fiber
- Construction
- Transportation
- Industrial
- Other Applications
Chapter 9 Company Profiles
- Cytec Solvay
- E.I. Du Pont De Nemours
- Hexcel Corp.
- Luyang Energy-Saving Materials Co., Ltd.
- Morgan Advanced Materials Plc
- Sgl Carbon
- Teijin Aramid
- Toray Industries Inc.
For more information about this report visit https://www.researchandmarkets.com/r/pwmee1
