DUBLIN--(BUSINESS WIRE)--Research and Markets has announced the addition of the "High Temperature Fiber Market - Forecasts from 2016 to 2021" report to their offering.
High temperature fiber market is estimated to witness CAGR of 7.56% over the period 2016 to 2021.
Heat degrades fiber at different rates depending on the fiber type, time of exposure and atmospheric condition. The high temperature fiber can operate at extreme temperatures and survive in harsh environments. Among other outstanding properties is its balance of tensile properties, high dielectric strength, stability in ionizing radiation and resistance to hydrolysis and chemical degradation. These fibers are designed for applications requiring high usable strength, excellent resistance to higher temperatures and hydrogen permeation, and improved fatigue resistance.
The key factor driving the high temperature fiber market is its wide range of applications. This fiber exhibits a cross cutting potential in various industries such as electric & electronics, security & protection, aerospace, automation and more, owing to its excellent properties like lightweight, high strength, higher operating temperatures and flame retardant ability. In addition, growing demand for sustainable energy production, increasing energy prices, and additional focus on energy conservation are some of the key factors contributing to the market growth. The ongoing research and development and product innovations is expected to expand the applications for high temperature fiber and boost its market growth over the next six years.
This market is dominated by Asia Pacific region owing to rapidly growing demand, especially in emerging economies like India, China, and Korea, driven by increasing adoption by various industry verticals. Moreover, the mass migration of production activities from developed countries to low cost Asian countries in conjunction with supportive government policies, will further drive the high temperature fiber market.
By Fiber Type:
By Industry Vertical:
- Security and Protection
- Electrical and Electronics
- Kamenny Vek
- Kolon Industries
- Morgan Thermal Ceramics
- Royal Ten Cate
- Teijin Limited
- Toray Industries
For more information about this report visit http://www.researchandmarkets.com/research/mt5357/high_temperature