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High Temperature Fiber Market Worth 8,308.46 Million USD by 2020


News provided by

MarketsandMarkets

30 Jul, 2015, 11:30 GMT

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VANCOUVER, Washington, July 30, 2015 /PRNewswire/ --

The report "High Temperature Fiber Market by Fibers Type (Aramid (Para-aramid, Meta-aramid, others), Ceramic (Refractory Ceramic Fibers, Low Bio-persistent and others), and other fibers (Basalt, and others)), by Application (Security & Protection, Automotive, Aerospace, Industrial, Electrical & Electronics, and others) and by Region - Global Trends and Forecasts to 2020" published by MarketsandMarkets, The global High Temperature Fiber Market is expected to reach at USD 8,308.46 Million in 2020 at a CAGR of 8.74% during the period between 2015 and 2020. 

Browse 74 market data Tables and 60 Figures spread through 153 Pages and in-depth TOC on "High Temperature Fiber Market"

http://www.marketsandmarkets.com/Market-Reports/high-temperature-fibers-market-52310328.html
Early buyers will receive 10% customization on this report.

The market report defines and segments the High Temperature Fiber Market with analysis and forecasting of consumption volume and value

Ask for PDF Brochure: http://www.marketsandmarkets.com/pdfdownload.asp?id=52310328

High Temperature Fibers have good tolerance to extreme temperature along with other unique characteristic such as high strength, low weight, and so on. The global High Temperature Fiber Market is expected to reach at USD 8,308.46 Million in 2020 at a CAGR of 8.74% during the period between 2015 and 2020.  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.

Asia Pacific is the key market for high temperature fibers 

Asia-Pacific and Europe dominated the High Temperature Fiber Market in 2014 and accounted for over 64% of the global market, by volume and value. Country-wise, China is the top market of high temperature fiber globally. North America is the second-largest High Temperature Fiber Market in the world. High temperature fibers have various applications such as security & protection, automotive, aerospace, industrial, and electrical & electronics, and others. The future growth of the global market is heavily dependent on the market in the developing economies, especially in Asia-Pacific and RoW. The mass exodus of production activities (automotive & industrial) from the developed countries to low-cost Asian countries and the consequent increase of foreign investments in the region will drive the high temperature fibers market.

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

Industrial application enjoys the lion share in the high temperature fibers 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.

Browse Related Reports: 

Basalt Fiber Market by Usage Type (Composites and Non-Composites), by Application (Building & Construction, Transportation, Wind Energy, Electronics, Marine, And Others), and by Region - Global Trends and Forecasts to 2020
http://www.marketsandmarkets.com/Market-Reports/basalt-fiber-market-39388070.html    

Ceramic Fiber Market by Type (Refractory, Low Bio-persistence, Polycrystalline), End-product (Blanket, Module, Bulk, Board, Paper), and Application (Petrochemical, Iron & Steel, Aluminium, Ceramics, Power Generation) - Global Trends & Forecasts to 2019
http://www.marketsandmarkets.com/Market-Reports/ceramic-fibers-384.html

About MarketsandMarkets 

MarketsandMarkets is world's No. 2 firm in terms of annually published premium market research reports. Serving 1700 global fortune enterprises with more than 1200 premium studies in a year, M&M is catering to multitude of clients across 8 different industrial verticals. We specialize in consulting assignments and business research across high growth markets, cutting edge technologies and newer applications. Our 850 fulltime analyst and SMEs at MarketsandMarkets are tracking global high growth markets following the "Growth Engagement Model - GEM". The GEM aims at proactive collaboration with the clients to identify new opportunities, identify most important customers, write "Attack, avoid and defend" strategies, identify sources of incremental revenues for both the company and its competitors.

M&M's flagship competitive intelligence and market research platform, "RT" connects over 200,000 markets and entire value chains for deeper understanding of the unmet insights along with market sizing and forecasts of niche markets. The new included chapters on Methodology and Benchmarking presented with high quality analytical infographics in our reports gives complete visibility of how the numbers have been arrived and defend the accuracy of the numbers.

We at MarketsandMarkets are inspired to help our clients grow by providing apt business insight with our huge market intelligence repository.

Contact:
Mr. Rohan
4400 NE 77th Avenue, Suite 275,
Vancouver, Washington 98662,
United States,
Tel: + 1-888-600-6441
Email: sales@marketsandmarkets.com
Visit MarketsandMarkets Blog @ http://www.marketsandmarketsblog.com/market-reports/chemical
Connect with us on LinkedIn @ http://www.linkedin.com/company/marketsandmarkets

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