High-Temperature Fiber Market Size is Hit USD 9.27 Billion at a CAGR of 8.3% by 2027

 

The high-temperature Fiber market is projected to experience healthy growth over the forecast period, owing to extensive product use from the automotive and aerospace industries.

The global High-Temperature Fiber Market is forecasted to reach USD 17.60 Billion by 2027, according to a new report by Reports and Data. High-temperature Fiber are in high demand, due to their excellent weight-bearing capacity and excellent thermal and flame resistance. High-temperature Fiber find widespread applications in defense & safety, aerospace, automobile, manufacturing, and electrical & electronics, among other sectors.

Growing demand for improved weight-bearing capacity, combined with superior rigidity for the components in the aerospace and automotive industries, is projected to propel the market demand. The integration of high-temperature Fiber into aerospace components provides excellent durability and damage resistance, thereby fueling the growth of the market. Strong regulations levied by the different government bodies to minimize CO2 pollution are also projected to emerge as one of the driving forces for the growth of lightweight materials in aerospace and automotive applications. Such regulations force OEMs to try solutions such as high-temperature Fiber to curb pollution and improve fuel efficiency.

Get a sample of the report https://www.reportsanddata.com/download-free-sample/3662

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