High Silica Fiber Industry Size, Share, Demand, Sales & Growth by 2033
The global high silica fiber industry value is forecast to increase from US$ 1,544.5 million in 2023 to US$ 4,086.1 million by 2033. Over the assessment period, global demand for high silica fibers is projected to surge at a CAGR of 10.2% . The market for high silica fiber has grown significantly due to its wide range of applications in downstream industries. Common downstream uses of high silica fibers include technical fabrics, silica sleeves, silica fiber felt, high-temperature silica tape, and other products. Strong demand for technical fabrics is favoring the high silica fiber market. High-performing technical fabrics find applications in healthcare, sports, aerospace, and other industries. Another important use for high silica fibers is in manufacturing silica sleeves. Silica sleeves are used to protect and provide thermal insulation in applications where exposure to extreme temperatures is a concern. Silica sleeves are used in metallurgy, petrochemical, and glass