Inorganic Fibre Market Outlook
According to a new report by Expert Market Research titled, “Inorganic Fibre Market Size, Share, Analysis, Report and Forecast 2024-2032″, the global inorganic fibre market is projected to grow at a CAGR of 6% between 2024 and 2032. Aided by the increasing demand for advanced, lightweight, and fire-resistant materials across various industries, the market is expected to grow significantly by 2032.
Inorganic fibres, comprising predominantly of materials other than carbon and hydrogen, are becoming increasingly popular due to their unique properties. These fibres are known for their excellent thermal stability, low flammability, and resistance to chemical attack. The common types of inorganic fibres include glass fibres, ceramic fibres, and metallic fibres, which are extensively used in aerospace, automotive, construction, and electronic industries.
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The surge in demand for lightweight and highly durable materials in the automotive and aerospace industries is a key factor propelling the global inorganic fibre market growth. The inherent properties of inorganic fibres, such as high tensile strength, low thermal expansion, and excellent resistance to fire and corrosion, make them ideal materials for various high-performance applications.
Furthermore, the growing awareness regarding the advantages of inorganic fibres, such as their non-combustible nature and resistance to high temperatures, is leading to their increased use in fire safety and insulation applications, thereby boosting the inorganic fibre market expansion. These fibres are integral in manufacturing products that require high-temperature stability, such as furnace linings, fire barriers, and protective clothing for firefighters.
In the construction sector, inorganic fibres are being increasingly incorporated into concrete and other building materials to improve tensile strength and crack resistance. This application is driven by the increasing demand for resilient and sustainable infrastructure, especially in regions prone to natural disasters. Inorganic fibres in construction materials contribute significantly to the overall durability and safety of buildings and structures.
The electronics sector is bolstering the inorganic fibre market demand. With electronic devices continually becoming smaller and more powerful, there is a growing need for materials that can withstand high temperatures and resist electrical currents. Inorganic fibres are increasingly used in printed circuit boards (PCBs) and as insulating materials in various electrical components due to their electrical resistance and thermal stability.
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Inorganic Fibre Market Segmentation
The market can be divided based on type and region.
Market Breakup by Type
- Glass Fibre
- Silicon Carbide
- Boron
- Carbon Fibre
- Others
Market Breakup by Region
- North America
- Europe
- Asia Pacific
- Latin America
- Middle East and Africa
Competitive Landscape
The EMR report looks into the market shares, plant turnarounds, capacities, investments, and mergers and acquisitions, among other major developments, of the leading companies operating in the global inorganic fibre market. Some of the major players explored in the report by Expert Market Research are as follows:
- AWA Paper & Technological Company, Inc.
- Kamenny Vek
- Ube Industries, Ltd
- Nippon Electric Glass Co., Ltd.
- Owens Corning
- Others
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