Silica Fabric Market Size, Share, Growth, and Industry Analysis by Type (Silica Below 96%, Silica Above 96%), by Application (Industrial, Aerospace, Military, Metallurgy and Foundry, Others), and Regional Forecast By 2031

Updated On: 29 April 2024

Silica Fabric Market Report Overview

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The global silica fabric market size was USD 593.9 million in 2020, as per our research, the market is expected to reach USD 1025.03 million in 2031, exhibiting a CAGR of 5.0 % during the forecast period. 

The global COVID-19 pandemic has been unprecedented and staggering, with silica fabric market experiencing lower-than-anticipated demand across all regions compared to pre-pandemic levels. The sudden rise in CAGR is attributable to the market growth and demand returning to pre-pandemic levels once the pandemic is over. 

Silica fabric is made with silica yarns. Silica fabric is a kind of high-temperature refractory material, which is broadly used in aviation and industrial fields. High performance silica fabric is used in high temperature applications. Easy to fabricate and remains flexible after high temperature exposure. Provides excellent protection from molten metal splash and can be used in welding and metal cutting applications. High silica contains 96% of silica. Due to high properties it is broadly used for thermal protection and are used in metallurgical, aerospace, nuclear power, electricity generation and others. silica fabric is a highly amorphous silica cloth that is outstanding for use in welding applications, or applications that require a high-temperature resistant fabric. The silica fabric is used as a strengthening for composite materials, and as an acoustic, thermal, hydraulic and electrical cable protection insulator. Under normal conditions it has good chemical steadiness. Silica Fabric is so much in demand over other protective industrial fabrics is that it remains supple even when exposed to high temperatures while providing the highest protection to the wearer from welding to metal cutting and more, fabric is highly beneficial. It is a widespread application and is used in various industries. These fabrics are available in miscellaneous sizes. It ensures safety of business and workers also adopting high density plain or weaving technology is non-irritating to the human body. Fabric is developed using high-grade material in compliance with set general quality values. It is enormously demanded for their unique features such as sturdiness, and efficiency. By safeguarding a strong market exposure, companies in the market can increase their deals potential and build durable relationships with customers. Clients can easily avail this fabric at competitive prices. As a result the demand for fabric is anticipated to observe a CAGR growth rate during the forecast period.

"COVID-19 Impact:  Pandemic hampered the market due to unexpected disruption in the sector"

COVID 19 pandemic has extremely affected the whole world. It caused many unexpected disruption and affected the industry. COVID 19 had negative impact on the market due to economic slowdown, and high unstable market. The outbreak has affected many features like travel ban, flight cancellation, slowdown in supply chain and restriction in indoor and outdoor actions. Shutdown of numerous plants and industries has affected the supply chain and adversely impacted business units and sales of product in the market. The economies of the country have declined as there is a significant drop in the demand for products.

Latest Trends

"Technological advancement to boost the market growth "

High implementation of advanced technology and the existence of large players in county are likely to create generous growth opportunities for the market. Technological innovation and advancement will additional enrich the performance of the product, making it more broadly used in downstream presentations. The product is designed to meet the rigorous demands of various industries requiring high performance material. It helps operator to make accurate decision in order to enlarge their market existence and upsurge market share. Attention on expanding their supply system to reach a broader range of customers. Furthermore, they can cooperate with other companies in the market to gain a competitive advantage.

Silica Fabric Market Segmentation

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• By Type Analysis

According to type, the market can be segmented into silica below 96%, silica above 96%

Silica above 96% capture the maximum market share through forecast period.

• By Application Analysis

According to application, the market can be segmented into industrial, aerospace, military, metallurgy and foundry, others.

Silica fabric market players cover segment as industrial will dominate the market share during forecast period.

Driving Factors

"Usages in varied industries to upsurge the market growth"

High silica fabric is used in several industries such as aerospace, automotive, and industrial uses. These fabric are generally used in manufacturing of insulation blankets, protective clothing. Due to its excellent thermal insulation properties and ability to withstand high temperature it is widely used in refractories insulation applications.

"Improvement in developing new products to boost the market."

Growing demand for energy efficient and environmental friendly has led the progress of the market. Investing in R&D to improve the quality of the products which has led to growing demand and greater sales. Market prospects are predictable to open up growth frame for the new applicants in the market. It helps to recognise unmet needs or an unexploited potential in the market.

 Restraining Factors

"Strict regulations to hamper the market growth"

Severe government regulations, supply chain disruptions, changing consumer preference towards the market to hinder the growth during the forecast period. The industry has a low focus. Strict regulations can lead to reduced profit margins and may hamper the silica fabric market growth.

Silica Fabric Market Regional Insights

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"North America to dominate the region due to advanced technology"

North America is further expected to witness growth in the silica fabric market share. The region is anticipated to witness major growth over the forecast period due to high adoption of advanced technology and presence of large players in the region are likely to create ample growth opportunities for the market. The region also holds huge prospective for market growth, mainly due to the increasing automotive and aerospace industries, increasing reserves in infrastructure development, and a flow in business proceedings.

Key Industry Players

"Key players focus on partnerships to gain competitive advantage."

The key players are dynamically contributing in strategic events that are aimed at maintaining strong market position and increasing market share by merger, partnerships and others. Key players are motivated to introduce new innovative products. They are spending severely on research and development in order to arise with more new technology so that they can maintain and improve their existing market. The market changes are dynamic such as market expansion, partnership and merger.

List of Market Players Profiled

• Hiltex Technische Weefsels (Netherland)
• Shreeji Industries (India)
• PAR Group (U.S.)
• Mid-Mountain (U.S.)
• Auburn Manufacturing (U.S.)

Report Coverage

The report provides scrutiny and information according to market sectors. Business overview, financial overview, product portfolio, new project launch, recent development enquiry are the factors included in the profile. The report incorporates completely examined and appraised evidence of the noticeable players and their position in the market by methods for various descriptive tools. The report covers national and regional level market size and forecast. The report gives businesses the facility to research new prospect in many areas. The report shows to be an operational tool that players can use to gain a competitive superiority over their opponents and ensure lasting achievement in the market.