The global quartz fiber market is witnessing technological advancements. Companies are constantly striving to develop new and better quartz fibers. Development of new manufacturing process of quartz fiber and applications is estimated to propel the quartz fiber market. However, implementation of stringent environmental regulations and volatility in prices of raw materials are projected to adversely affect market growth.
Based on product, the quartz fiber market can be classified into yarns, rovings, felts, sewing thread, and others. Yarns is the commonly used product; it is extensively employed in manufacture of aircraft radomes.
Quartz fiber is used in a wide range of applications due to its excellent physical & chemical properties. Based on application, the market can be segmented into textile, aerospace & defense, electronic & semiconductors, chemicals, healthcare, and others. The aerospace & defense segment accounted for significant share of the quartz fiber in 2016 owing to the high demand for these fibers in civil aircraft radomes across the globe.
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In terms of geography, the quartz fiber market can be divided into North America, Latin America, Asia Pacific, Europe, and Middle East & Africa. North America is anticipated to constitute key share of the market during the forecast period. Asia Pacific is estimated to be a rapidly growing region of the quartz fiber market, owing to the increase in demand from the automotive industry in the region. Middle East & Africa is also likely to be an attractive region of the quartz fiber market during the forecast period due to the rise in demand from the packaging industry in the region.
Prominent players operating in the global quartz fiber market include Saint-Gobain Ceramics & Plastics, Inc., JPS Industries Inc., Hong Kong Datang Industrial Trade Co., Ltd, and Hubei Feilihua Quartz Glass Co., Ltd.