The global high silica fiber market size reached US$ 1,416.9 million in 2022. Over the forecast period, global high silica fiber demand is anticipated to rise at 10.2% CAGR. Total market value is predicted to increase from US$ 1,544.5 million in 2023 to US$ 4,086.1 million by 2033.
| Attributes | Key Insights |
|---|---|
| Market Size in 2022 | US$ 1,416.9 million |
| Estimated Market Value (2023) | US$ 1,544.5 million |
| Projected Market Revenue (2033) | US$ 4,086.1 million |
| Market CAGR (2023 to 2033) | 10.2% |
| Collective Value Share: Top 5 Countries (2023E) | 50.2% |
Demand for high silica fiber is projected to remain high in the furnaces and refractories insulation segment. The recent market analysis shows that the target segment is projected to thrive at 9.6% CAGR during the assessment period.
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The global high silica fiber market is predicted to expand around 2.6X through 2033. This is due to the growing demand for furnaces and refractories insulation and high-temperature silica tape production. Increasing demand for high silica fiber in industrial applications can be attributed to its improved insulation efficacy through low thermal conductivity. By 2033, the total market revenue is set to reach US$ 4,086.1 million.
As per a recent analysis, Europe holds a 25.3% market share as of 2023. Regional growth can be attributed to the following factors:
As per the report, technical fabric production is expected to dominate the global high silica fiber market. This is attributable to the rising usage of high silica fiber in producing technical fabrics. Factors leading to this segment’s growth are as follows:
Total market revenue reached about US$ 1,416.9 million in 2022. During the forecast period, the worldwide high silica fiber industry is set to thrive at a CAGR of 10.2%.
The global high silica fiber market witnessed steady growth between 2018 and 2022. Growth in end-use industries, growing emphasis on lightweight and high-performance materials, and technological advancements are some factors that drove the demand for high silica fibers.
Principal Consultant
Over the forecast period, the global high silica fiber market is poised to exhibit healthy growth, totaling a valuation of US$ 4,086.1 million by 2033. Future development of the high silica fiber market appears bright, as it finds extensive use in metallurgy protection systems, furnaces, refractories insulation, etc.
The table below shows the estimated growth rates of the top five countries. India, South Korea, and China are set to record higher CAGRs of 12.7%, 10.8%, and 11.2%, respectively, through 2033.
| Countries | Projected High Silica Fiber CAGR (2023 to 2033) |
|---|---|
| India | 12.7% |
| China | 11.2% |
| South Korea | 10.8% |
| United States | 10.1% |
| Japan | 9.9% |
| United Kingdom | 8.6% |
The United States' high silica fiber market size is projected to reach US$ 793.8 million by 2033. Over the assessment period, demand for high silica fiber in the United States is set to rise at 10.1% CAGR. Factors backing market growth are as follows:
In China, the sales prospects for high silica fiber are bright. The market growth in the country is expected to witness an 11.2% CAGR through 2033. This is due to:
These factors are cumulatively raising the sales of high silica fiber in China. Total valuation in the country is anticipated to reach US$ 743.4 million by 2033.
High silica fiber producers have a plethora of opportunities in India. This can be attributed to its uses in various industries like telecommunications, automotive, aerospace, etc. As per analysis, India is estimated to expand at a prominent CAGR of 12.7% through 2033. The leading factors for this promising growth are:
The high silica fiber market value in India is anticipated to total US$ 256.2 million by 2033.
High silica fiber is witnessing significant demand in Japan. This is indicative of a dynamic shift occurring across multiple industries as a result of its versatile applications. Thus changing the face of manufacturing and technology. Factors spearheading high fiber silica demand are as follows:
These factors contribute to positive growth in Japan's high silica fiber market. The market is poised to exhibit a CAGR of 9.9% during the assessment period. It is expected to attain a market valuation of US$ 129.8 million by 2033.
South Korea's high silica fiber market size is forecast to reach US$ 217.5 million by 2033. Over the assessment period, high silica fiber demand in South Korea is projected to rise at 10.8% CAGR. Key factors catalyzing sales of high silica fiber in South Korea are:
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| Top Segment (Application) | Technical Fabric Production |
|---|---|
| Predicted CAGR (2023 to 2033) | 11.1% |
Based on application, technical fabric production is projected to be valued at US$ 1,541.2 million by 2033. The segment is projected to register a CAGR of 11.1% through 2033. Factors driving market growth are as follows:
The pursuit of improved functionality, performance, and sustainability constantly increases in a broad range of products. It is anticipated that the demand for technical fabrics is going to endure throughout various industries as technology progresses.
| Top Segment (Use Case) | Furnaces and Refractories Insulation |
|---|---|
| Projected CAGR (2023 to 2033) | 11.4% |
As per recent market analysis, furnaces and refractories insulation is projected to expand at a CAGR of 11.4% through 2033. The segment is projected to be valued at US$ 683.9 million by 2033.
The global high silica fiber market is fragmented, with leading players accounting for about 25% to 30% share. Key high silica fiber companies are investing in continuous research. This is intended to produce new products or increase their capacity to meet end-user demand. Key players are also inclined toward strategies like acquisitions, partnerships, mergers, and facility expansions to strengthen their footprint.
Recent Developments in High Silica Fiber Market
The global market value is set to reach US$ 1,544.5 million in 2023.
Global high silica fiber demand is anticipated to rise at 10.2% CAGR.
The global high silica fiber market size is set to reach US$ 4,086.1 million by 2033.
Furnaces and refractories insulation holds a significant market share.
Technical fabric production is significantly used in high silica fiber.
1. Executive Summary 1.1. Global Market Outlook 1.2. Demand Side Trends 1.3. Supply Side Trends 1.4. Technology Roadmap 1.5. Analysis and Recommendations 2. Market Overview 2.1. Market Coverage / Taxonomy 2.2. Market Definition / Scope / Limitations 3. Key Market Trends 3.1. Key Trends Impacting the Market 3.2. Product Innovation / Development Trends 4. Key Success Factors 4.1. Product Adoption / Usage Analysis 4.2. Product USPs / Features 4.3. Strategic Promotional Strategies 5. Global Market Demand Analysis 2018 to 2022 and Forecast, 2023 to 2033 5.1. Historical Market Volume (Tons) Analysis, 2018 to 2022 5.2. Current and Future Market Volume (Tons) Projections, 2023 to 2033 5.3. Y-o-Y Growth Trend Analysis 6. Global Market - Pricing Analysis 6.1. Regional Pricing Analysis 6.2. Global Average Pricing Analysis Benchmark 7. Global Market Demand (in Value or Size in US$ Million) Analysis 2018 to 2022 and Forecast, 2023 to 2033 7.1. Historical Market Value (US$ Million) Analysis, 2018 to 2022 7.2. Current and Future Market Value (US$ Million) Projections, 2023 to 2033 7.2.1. Y-o-Y Growth Trend Analysis 7.2.2. Absolute $ Opportunity Analysis 8. Market Background 8.1. Macro-Economic Factors 8.1.1. Global GDP Growth Outlook 8.1.2. Global Chemical Industry Overview 8.1.3. Global Pharmaceuticals Industry Outlook 8.1.4. Global Personal Care Industry Overview 8.1.5. Manufacturing Value-Added 8.1.6. Industry Value Added 8.1.7. Parent Market Outlook 8.1.8. Other Macro-Economic Factors 8.2. Forecast Factors - Relevance & Impact 8.2.1. Top Companies Historical Growth 8.2.2. GDP Growth forecast 8.2.3. Manufacturing Industry forecast 8.2.4. Global Urbanization Growth Outlook 8.2.5. Covid-19 Impact Assessment 8.2.6. End-use Industry Growth Outlook 8.3. Value Chain 8.3.1. List of Manufacturers 8.3.2. List of Distributors 8.3.3. List of Probable End Users 8.3.4. Avg. Profitability Margins 8.4. COVID-19 Crisis-Impact Assessment 8.4.1. Current Statistics 8.4.2. Short-Mid-Long Term Outlook 8.4.3. Likely Rebound 8.5. Market Dynamics 8.5.1. Drivers 8.5.2. Restraints 8.5.3. Opportunity Analysis 8.6. Global Supply Demand Analysis 8.7. Key Regulations & Certifications 8.8. Production Process Overview 8.9. Pest & Porter’s Five Forces Analysis 9. Global Market Analysis 2018 to 2022 and Forecast 2023 to 2033, By Application 9.1. Introduction / Key Findings 9.2. Historical Market Size (US$ Million) and Volume Analysis By Application, 2018 to 2022 9.3. Current and Future Market Size (US$ Million) and Volume Analysis and Forecast By Application, 2023 to 2033 9.4. Technical Fabric Production 9.5. Silica Sleeve Production 9.6. Silica Braided Ropes Production 9.7. Silica Fiber Felt Production 9.8. High Temperature Silica Tape Production 9.9. Others (Casing, mesh cloth etc) 9.10. Market Attractiveness Analysis By Application 10. Global Market Analysis 2018 to 2022 and Forecast 2023 to 2033, By Use Case 10.1. Introduction / Key Findings 10.2. Historical Market Size (US$ Million) and Volume Analysis By Use Case, 2018 to 2022 10.3. Current and Future Market Size (US$ Million) and Volume Analysis and Forecast By Use Case, 2023 to 2033 10.3.1. Furnaces and Refractories Insulation 10.3.2. Gaskets Production 10.3.3. Meshes 10.3.4. Panels 10.3.4.1. Thermal Insulation Panels 10.3.4.2. Hygrometry Panels 10.3.4.3. Fireproof Panels 10.3.5. Metallurgy (Protection Systems) 10.3.6. Fittings and Flange Covers 10.3.7. Engine Exhaust Pipe Covers 10.3.8. Protective Clothing 10.3.9. Oil Refinery Liners 10.3.10. Others 10.4. Market Attractiveness Analysis By Use Case 11. Global Market Analysis 2018 to 2022 and Forecast 2023 to 2033, by Region 11.1. Introduction 11.2. Historical Market Size (US$ Million) and Volume Analysis By Region, 2018 to 2022 11.3. Current Market Size (US$ Million) and Volume Analysis and Forecast By Region, 2023 to 2033 11.3.1. North America 11.3.2. Latin America 11.3.3. Europe 11.3.4. East Asia 11.3.5. South Asia & Pacific 11.3.6. Middle East & Africa 11.4. Market Attractiveness Analysis By Region 12. North America Market Analysis 2018 to 2022 and Forecast 2023 to 2033 12.1. Introduction 12.2. Pricing Analysis 12.3. Historical Market Size (US$ Million) and Volume Trend Analysis By Market Taxonomy, 2018 to 2022 12.4. Market Size (US$ Million) and Volume Forecast By Market Taxonomy, 2023 to 2033 12.4.1. By Country 12.4.1.1. USA 12.4.1.2. Canada 12.4.1.3. Mexico 12.4.2. By Application 12.4.3. By Use Case 12.5. Market Attractiveness Analysis 12.5.1. By Country 12.5.2. By Application 12.5.3. By Use Case 12.6. Market Trends 12.7. Key Market Participants - Intensity Mapping 12.8. Drivers and Restraints - Impact Analysis 13. Latin America Market Analysis 2018 to 2022 and Forecast 2023 to 2033 13.1. Introduction 13.2. Pricing Analysis 13.3. Historical Market Size (US$ Million) and Volume Trend Analysis By Market Taxonomy, 2018 to 2022 13.4. Market Size (US$ Million) and Volume Forecast By Market Taxonomy, 2023 to 2033 13.4.1. By Country 13.4.1.1. Brazil 13.4.1.2. Chile 13.4.1.3. Rest of Latin America 13.4.2. By Application 13.4.3. By Use Case 13.5. Market Attractiveness Analysis 13.5.1. By Country 13.5.2. By Application 13.5.3. By Use Case 13.6. Market Trends 13.7. Key Market Participants - Intensity Mapping 13.8. Drivers and Restraints - Impact Analysis 14. Europe Market Analysis 2018 to 2022 and Forecast 2023 to 2033 14.1. Introduction 14.2. Pricing Analysis 14.3. Historical Market Size (US$ Million) and Volume Trend Analysis By Market Taxonomy, 2018 to 2022 14.4. Market Size (US$ Million) and Volume Forecast By Market Taxonomy, 2023 to 2033 14.4.1. By Country 14.4.1.1. Germany 14.4.1.2. Italy 14.4.1.3. France 14.4.1.4. UK 14.4.1.5. Spain 14.4.1.6. BENELUX 14.4.1.7. NORDICs 14.4.1.8. Poland 14.4.1.9. Balkan & Baltic Countries 14.4.1.10. Rest of Europe 14.4.2. By Application 14.4.3. By Use Case 14.5. Market Attractiveness Analysis 14.5.1. By Country 14.5.2. By Application 14.5.3. By Use Case 14.6. Market Trends 14.7. Key Market Participants - Intensity Mapping 14.8. Drivers and Restraints - Impact Analysis 15. South Asia and Pacific Market Analysis 2018 to 2022 and Forecast 2023 to 2033 15.1. Introduction 15.2. Pricing Analysis 15.3. Historical Market Size (US$ Million) and Volume Trend Analysis By Market Taxonomy, 2018 to 2022 15.4. Market Size (US$ Million) and Volume Forecast By Market Taxonomy, 2023 to 2033 15.4.1. By Country 15.4.1.1. India 15.4.1.2. Thailand 15.4.1.3. Indonesia 15.4.1.4. Malaysia 15.4.1.5. Singapore 15.4.1.6. Australia 15.4.1.7. New Zealand 15.4.1.8. Rest of SAP 15.4.2. By Application 15.4.3. By Use Case 15.5. Market Attractiveness Analysis 15.5.1. By Country 15.5.2. By Application 15.5.3. By Use Case 15.6. Market Trends 15.7. Key Market Participants - Intensity Mapping 15.8. Drivers and Restraints - Impact Analysis 16. East Asia Market Analysis 2018 to 2022 and Forecast 2023 to 2033 16.1. Introduction 16.2. Pricing Analysis 16.3. Historical Market Size (US$ Million) and Volume Trend Analysis By Market Taxonomy, 2018 to 2022 16.4. Market Size (US$ Million) and Volume Forecast By Market Taxonomy, 2023 to 2033 16.4.1. By Country 16.4.1.1. China 16.4.1.2. Japan 16.4.1.3. South Korea 16.4.2. By Application 16.4.3. By Use Case 16.5. Market Attractiveness Analysis 16.5.1. By Country 16.5.2. By Application 16.5.3. By Use Case 16.6. Market Trends 16.7. Key Market Participants - Intensity Mapping 16.8. Drivers and Restraints - Impact Analysis 17. Middle East and Africa Market Analysis 2018 to 2022 and Forecast 2023 to 2033 17.1. Introduction 17.2. Pricing Analysis 17.3. Historical Market Size (US$ Million) and Volume Trend Analysis By Market Taxonomy, 2018 to 2022 17.4. Market Size (US$ Million) and Volume Forecast By Market Taxonomy, 2023 to 2033 17.4.1. By Country 17.4.1.1. GCC Countries 17.4.1.2. Turkiye 17.4.1.3. Northern Africa 17.4.1.4. South Africa 17.4.1.5. Rest of MEA 17.4.2. By Application 17.4.3. By Use Case 17.5. Market Attractiveness Analysis 17.5.1. By Country 17.5.2. By Application 17.5.3. By Use Case 17.6. Market Trends 17.7. Key Market Participants - Intensity Mapping 17.8. Drivers and Restraints - Impact Analysis 18. Country-wise Market Analysis 18.1. USA Market Analysis 18.1.1. By Application 18.1.2. By Use Case 18.2. Canada Market Analysis 18.2.1. By Application 18.2.2. By Use Case 18.3. Mexico Market Analysis 18.3.1. By Application 18.3.2. By Use Case 18.4. Brazil Market Analysis 18.4.1. By Application 18.4.2. By Use Case 18.5. Chile Market Analysis 18.5.1. By Application 18.5.2. By Use Case 18.6. Germany Market Analysis 18.6.1. By Application 18.6.2. By Use Case 18.7. Italy Market Analysis 18.7.1. By Application 18.7.2. By Use Case 18.8. France Market Analysis 18.8.1. By Application 18.8.2. By Use Case 18.9. UK Market Analysis 18.9.1. By Application 18.9.2. By Use Case 18.10. Spain Market Analysis 18.10.1. By Application 18.10.2. By Use Case 18.11. Russia Market Analysis 18.11.1. By Application 18.11.2. By Use Case 18.12. Poland Market Analysis 18.12.1. By Application 18.12.2. By Use Case 18.13. Hungary Market Analysis 18.13.1. By Application 18.13.2. By Use Case 18.14. Romania Market Analysis 18.14.1. By Application 18.14.2. By Use Case 18.15. Balkan & Baltics Market Analysis 18.15.1. By Application 18.15.2. By Use Case 18.16. China Market Analysis 18.16.1. By Application 18.16.2. By Use Case 18.17. Japan Market Analysis 18.17.1. By Application 18.17.2. By Use Case 18.18. S. Korea Market Analysis 18.18.1. By Application 18.18.2. By Use Case 18.19. India Market Analysis 18.19.1. By Application 18.19.2. By Use Case 18.20. ASEAN Market Analysis 18.20.1. By Application 18.20.2. By Use Case 18.21. Australia and New Zealand Market Analysis 18.21.1. By Application 18.21.2. By Use Case 18.22. KSA Market Analysis 18.22.1. By Application 18.22.2. By Use Case 18.23. Turkiye Market Analysis 18.23.1. By Application 18.23.2. By Use Case 18.24. South Africa Market Analysis 18.24.1. By Application 18.24.2. By Use Case 19. Market Structure Analysis 19.1. Market Analysis by Tier of Companies (Synthetic Camphor) 19.2. Market Concentration 19.3. Market Share Analysis of Top Players 19.4. Apparent Production Capacity Analysis 19.5. Market Presence Analysis 19.5.1. By Use Case Footprint of Players 19.5.2. By Regional Footprint of Players 20. Competition Analysis 20.1. Competition Dashboard 20.2. Competition Benchmarking 20.3. Competition Deep Dive 20.3.1. Huatek New Material Inc. 20.3.1.1. Overview 20.3.1.2. Product Portfolio 20.3.1.3. Profitability by Market Segments (Product/Channel/Region) 20.3.1.4. Sales Footprint 20.3.1.5. Strategy Overview 20.3.2. Hebei Yuniu Glass Fiber Manufacturing Co. Ltd. 20.3.3. Jiangsu Amer New Material Co., Ltd. 20.3.4. SGL Carbon 20.3.5. Valmiera Group. 20.3.6. JSC Polotsk Steklovolokno. 20.3.7. Arrow Technical Textiles Pvt. Ltd. 20.3.8. McAllister Mills 20.3.9. Johns Manville. 20.3.10. Final Advanced Materials 20.3.11. EAS Fiberglass Co. Ltd. 20.3.12. Nihon Glass Fiber Industrial Co. 20.3.13. Nutec Procal 20.3.14. Unifrax 20.3.15. Bright Sky New Material Co. Ltd. 21. Primary Survey Analysis 22. Assumptions and Acronyms Used 23. Research Methodology
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High Silica Fiber Market
