The Silica Yarn Market size was valued at USD 1.2 billion in 2023. The silica yarn industry is projected to grow from USD 1.32 Billion in 2024 to USD 2.88 billion by 2032, exhibiting a compound annual growth rate (CAGR) of 10.20 % during the forecast period (2024 - 2032). Increasing demand in aerospace and defense and advancements in manufacturing technologies are the key market drivers enhancing market growth.
Source: Secondary Research, Primary Research, MRFR Database and Analyst Review
Silica yarn is known for its exceptional thermal insulation properties, making it suitable for various industrial applications with high temperatures. Industries such as metal processing, glass manufacturing, and foundries often require materials that can withstand extreme heat. Heat-resistant materials are becoming more and more necessary in the automotive industry to improve engine performance and safety. Thermal shields and exhaust systems are two examples of components manufactured using silica yarn and subjected to high temperatures. Materials that can tolerate high temperatures are required in the energy sector, particularly in power plants and equipment. In many energy-related applications, silica yarn is used as insulation.
Additionally, turbines, breechings, stacks, exhausts, incinerators, boilers, and other similar devices are frequently equipped with high-temperature application ranges, which span from 600°F to 1500°F. Up to 2300°F is the highest temperature at which insulation can be applied; refractory is typically utilized in situations above this point, like melting furnaces. The Indian government anticipates that 8–10 billion USD in local and foreign investment will reach the automotive sector by 2023.
Safety standards and regulations are becoming increasingly important in various industries, such as building, manufacturing, and automobile. Textiles that are resistant to fire and manufactured with silica yarn aid businesses in adhering to these rules and improve overall security. Industrial protective apparel is made from fire-resistant materials by utilizing silica yarn. These fabrics help workers in hot, flame-prone areas, such as foundries or welding operations, by lowering their risk of burns and other injuries. The military and defense industries use textiles that withstand fire for uniforms, gear, and equipment. Because of its well-known resistance to high temperatures, silica yarn aids in creating protective fabrics for various uses.
Sustainable building techniques are becoming increasingly in demand, which has increased the need for environmentally friendly materials like silica yarn. The qualities of silica yarn, such as its fire and heat resistance, make it an important part of green building projects. The fact that silica yarn is recyclable and frequently sourced from natural sources adds to its environmentally beneficial qualities. Using materials with minimal environmental impact is consistent with industry-wide sustainability objectives. When producing silica yarn usually has less environmental impact than other materials. The focus on less energy use and emissions is consistent with the sustainability goals.
China plans to invest USD 1.43 trillion in major development projects over the next five years until 2025. The Shanghai plan calls for an investment of USD 38.7 billion over the next three years, according to the National Development and Reform Commission (NDRC). Guangzhou, on the other hand, committed to paying USD 8.09 billion for 16 new infrastructure projects. Thus driving the Silica Yarn market revenue.
Based on type, the Silica Yarn market segmentation includes silica ≥ 96% and silica < 96%. The silica ≥ 96% segment dominated the market. A silica content of ≥ 96% or higher is commonly seen in silica yarn used in applications that require excellent thermal insulation at high temperatures. This includes insulation for industrial furnaces, kilns, and other high-temperature environments. The aerospace industry uses silica yarn for materials that must be lightweight and resistant to high temperatures. An example is thermal insulation in spacecraft, airplanes, and parts subjected to high temperatures.
The silica < 96% segment is expected to be the fastest-growing segment of the silica yarn market during the forecast period. Gaskets and seals can be made from silica yarn with a silica content of less than < 96%. These components benefit from silica's chemical and thermal resistance even though they may not require the highest resistance to extremely high temperatures.
Figure 1: Silica Yarn Market, by Type, 2023 & 2032 (USD Billion)
Source: Secondary Research, Primary Research, MRFR Database and Analyst Review
Based on application, the Silica Yarn market segmentation includes industrial, military, aerospace, metallurgy and foundry, and others. The aerospace category has the largest market share. Rocket motor insulation is made of silica yarn, which protects the motors from extreme heat and maintains the structural integrity of the parts during launch and flight. Satellite components are insulated using silica yarn, which helps them endure the extreme heat of space. It enhances the overall robustness and functionality of satellite systems.
The silica yarn market’s industrial segment is anticipated to grow throughout the forecast period. For insulating, industrial furnaces, kilns, and other high-temperature processing equipment are equipped with silica yarn. Sustaining ideal operating conditions depends on its capacity to tolerate high temperatures and offer effective thermal insulation.
By region, the study provides market insights into North America, Europe, Asia-Pacific, and the Rest of the World. The North American silica yarn market area will dominate this market, owing to the demand for materials like silica yarn, particularly for high-temperature and fire-resistant applications, which may be influenced by ongoing infrastructure development projects in North America, which include the construction of residential and commercial structures in addition to infrastructure investments. Research and development efforts are concentrated in North America, resulting in technical breakthroughs across various sectors. The market may expand due to innovations in silica yarn products and production techniques.
Further, the major countries studied in the market report are The US, Canada, Germany, France, the UK, Italy, Spain, China, Japan, India, Australia, South Korea, and Brazil.
Figure 2: SILICA YARN MARKET SHARE BY REGION 2023 (USD Billion)
Source: Secondary Research, Primary Research, MRFR Database and Analyst Review
Europe's Silica Yarn market accounts for the second-largest market share due to the European aircraft industry being focused on technical developments; silica yarn may be used in lightweight components and thermal protection, which would boost market growth. Further, the Germany Silica Yarn market held the largest market share, and the UK Silica Yarn market was the fastest-growing market in the European region.
The Asia-Pacific Silica Yarn Market is expected to grow at the fastest CAGR from 2023 to 2032. This is because renewable energy sources have attracted investment from the Asia Pacific region. Due to its ability to withstand high temperatures, silica yarn may find use in the renewable energy industry for machinery and equipment insulation and protection. Moreover, China’s Silica Yarn market held the largest market share, and the Indian Silica Yarn market was the fastest-growing market in the Asia-Pacific region.
The Silica Yarn market is still growing as a result of major expenditures made in R&D by industry leaders to increase the scope of their product offerings. Market players are also involved in various strategic initiatives to broaden their reach. The significant development of the sector can be attributed to several factors, such as the introduction of new goods, contracts, mergers and acquisitions, increased investment, and cooperation with other firms. For the Silica Yarn industry to expand and prosper in a growing and competitive market, it must offer products at reasonable prices.
Manufacturing locally to save operational costs is one of the main business tactics manufacturers adopt in the worldwide Silica Yarn industry to support clients and expand the market sector. The Silica Yarn industry has brought about some of the greatest medical advances in recent years. Major players in the Silica Yarn market, including Mid-Mountain, LIH FENG JIING Enterprise, Henan Ballhone Machinery Industry, Polotsk-Steklovolokno, Textile Technologies Europe, Valmieras stikla šÄ·iedra, BOWEA, Hiltex., Saint-Gobain and others, are attempting to increase market demand by investing in research and development operations.
Mid-Mountain Materials, Inc. manufactures environmental protection and thermal barriers for industrial applications that reduce pollutants, save energy, and ensure safety. They have delivered high-temperature, chemical, and abrasion-resistant solutions for 42 years to various industries, including oil and gas, rail, aluminum, automotive, aerospace and aviation, and hearth products. Established in 1976, Mid-Mountain offers fiberglass products as an asbestos substitute for thermal barriers and sealing applications. Their product line has expanded to include fabricated seals, coated fabrics, silica textiles, knit and woven textiles of various compositions, refractory moldables, cements, and adhesives. They are dedicated to offering creative solutions for specific application requirements. Serving companies worldwide, Mid-Mountain takes pride in upholding the values that guided its founding: quality products at affordable costs combined with excellent customer support.
Lih Feng Jiing Enterprise Co., Ltd., a seasoned thermal and acoustic insulation product manufacturer, was founded in 1970. They specialize in bulky fiberglass roving, lightweight PP+GF composite sheet/felt, stainless steel/wool/felt, and high-temperature fiberglass needle mats, among other products used in the fireproof industry. The major segments catered to are the automotive, motorcycle, petrochemical, power plant, transportation, construction, home appliance, filtration, and fireproof applications. With nearly 400 workers, Lih Feng Jiing's group headquarters are in Tainan, and the company conducts business worldwide. They have three production bases (manufacturing operations) in the Qidong and Tainan areas of Shanghai and Tainan. All of these facilities have obtained ISO and IATF 16949 certificates.
Mid-Mountain
Henan Ballhone Machinery Industry
Polotsk-Steklovolokno
Valmieras stikla šÄ·iedra
BOWEA
Hiltex
Saint-Gobain
Others
November 2022: Porner Group and Phichit Bio Power Co., Ltd. partnered strategically with Evonik Industries to provide sustainable silica for tyre manufacturers.
Silica ≥ 96%
Silica < 96%
Industrial
Military
Aerospace
Metallurgy and Foundry
Others
| Report Attribute/Metric | Details |
| Market Size 2023 | USD 1.2 Billion |
| Market Size 2024 | USD 1.32 Billion |
| Market Size 2032 | USD 2.88 Billion |
| Compound Annual Growth Rate (CAGR) | 10.20% (2024-2032) |
| Base Year | 2023 |
| Market Forecast Period | 2024-2032 |
| Historical Data | 2018- 2022 |
| Market Forecast Units | Value (USD Billion) |
| Report Coverage | Revenue Forecast, Market Competitive Landscape, Growth Factors, and Trends |
| Segments Covered | Type, Application, and Region |
| Geographies Covered | North America, Europe, Asia Pacific, and the Rest of the World |
| Countries Covered | The US, Canada, Germany, France, UK, Italy, Spain, China, Japan, India, Australia, South Korea, and Brazil |
| Key Companies Profiled | Â Mid-Mountain, LIH FENG JIING Enterprise, Henan Ballhone Machinery Industry, Polotsk-Steklovolokno, Textile Technologies Europe, Valmieras stikla Å¡Ä·iedra, BOWEA, Hiltex., Saint-Gobain, and others |
| Key Market Opportunities | Rising demand in the construction industry and composite material integration |
| Key Market Dynamics | Increasing demand in aerospace and defense and advancements in manufacturing technologies |
Frequently Asked Questions (FAQ) :
The Silica Yarn market size was valued at USD 1.2 Billion in 2023.
The market is projected to grow at a CAGR of 10.20% during the forecast period, 2024-2032.
North America had the largest share of the market
The key players in the market are Mid-Mountain, LIH FENG JIING Enterprise, Henan Ballhone Machinery Industry, Polotsk-Steklovolokno, Textile Technologies Europe, Valmieras stikla šÄ·iedra, BOWEA, Hiltex., Saint-Gobain., and others.
The silica ≥ 96% category dominated the market in 2023.
Aerospace had the largest share in the market.
Team Lead - Research Anshula mandaokar holds an academic degree in chemical engineering and has been contributing to the field for more than 5 years. she has expertise in market research and business consulting and serves as a team lead for a reputed market research firm under the chemicals and materials domain spectrum. she has worked on multiple projects, generating explicit results in a quick turnaround time. her understanding of data interpretation justifies her role as a leader.
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