Global Ceramic Fiber Market Share is Likely to Grow at a CAGR Value of 9.50 % By 2028

01-Sep-2022 | Facts and Factors

According to Facts and Factors, the ceramic fiber market size was worth USD 1982.50 million in 2021 and is estimated to grow to USD 3417.41 million by 2028, with a compound annual growth rate (CAGR) of approximately 9.50% over the forecast period. The report analyzes the ceramic fiber market's drivers, restraints/challenges, and their effect on the demands during the projection period. In addition, the report explores emerging opportunities in the ceramic fiber market.

Ceramic fibers are high-temperature fibers created for use in several commercial and industrial applications. Metal oxides such as alumina, silica, and others are used to create these fibers. This fiber is white & odorless and can be used in high-temperature applications. Ceramic fibers are expected to have substantial growth during the forecasted period due to their use for insulation in the iron & steel industry and the petrochemical industry. Its key characteristics include lightweight, strong chemical resistance, high thermal conductivity, thermal shock resistance, and increased temperature stability. The market for ceramic fibers is growing as a result of ceramic fibers' ability to provide thermal protection, which makes them suitable for several industries, including iron & steel and oil & gas.

Browse the full “Ceramic Fiber Market Size, Share, Growth Analysis Report By Type (RCF, AES Wool, Others), By Product Form (Blanket, Module, Board, Paper, Other), By End-use Industry (Refining & Petrochemical, Metals, Power Generation, Others), and By Region - Global and Regional Industry Insights, Overview, Comprehensive Analysis, Trends, Statistical Research, Market Intelligence, Historical Data and Forecast 2022 – 2028" report at https://www.fnfresearch.com/ceramic-fiber-market

The key end-use sectors, such as iron & steel, refining & petrochemical, transportation, power generation, chemical, and others, primarily drive the global ceramic fiber market. Ceramic materials are in high demand due to their exceptional qualities, including their lightweight, thermal stability, strong resistance to thermal shock, outstanding thermal insulating performance, and low thermal conductivity. These qualities are in addition to its low heat storage, high corrosion resistance, great sound absorption, chemical resistance, and chemical stability. One of the key factors propelling the global ceramic fiber market is the rising demand for ceramic fiber in the petrochemical and refining sectors. Petrochemicals are essential for producing synthetic materials such as paints, textiles, solvents, detergents, rubber, plastics, and dyes, which power the global market. For boilers and heating centers, catalyst bases and filter parts for cleaning hot gases, boiler header insulation, high-temperature filtration of gases and liquids, reactors & cat crackers, and burner insulation, ceramic fiber is widely employed in the petrochemical industry. Another significant factor favorably affecting the market growth is the increased demand for stainless steel with the expansion of the aviation industry and rail transportation. The use of petrochemicals and their derivative products for environmental protection is subject to strict regulations, impeding the market's expansion.

The global ceramic fiber market has been segmented into type, product, end-use industry, and region. The market is divided into categories based on type: RCF, AES wool, and others. In 2021, the AES category dominated the market. The market is divided into a blanket, module, board, paper, and others based on product. The module sector is anticipated to increase fastest during the forecast period. The market is divided into iron & steel, refining & petrochemical, power generation, aluminum, and others based on the end-use industry. The refining & petrochemical segment dominated the market in 2021.

The global ceramic fiber market is divided into geographic regions: North America, Latin America, Europe, Asia Pacific, Middle East, and Africa. The Asia Pacific dominated the global market for ceramic fiber in 2021 due to rapid industrialization, particularly in China, India, and Indonesia. The Chinese iron and steel industries are also adopting ceramic fibers more frequently to increase manufacturing efficiency. However, Asia-Pacific currently dominates the ceramic fiber market due to the rising demand for environmentally friendly products. During the anticipated term, growing infrastructure projects and intensifying environmental protection efforts will also help the region's ceramic fiber market thrive.

Report Scope

Key players in the global ceramic fiber market include Unifrax LLC, Morgan Advanced Materials plc, Ibiden Co., Ltd., Luyang Energy Savings Material Co., Ltd., Isolite Insulating Product Co. Ltd., Harbisonwalker International Inc., Yeso Insulating Product Co. Ltd., Nutec Fibratec, Rath Group, FibreCast Inc., and Double Egret Thermal Insulation.

Recent Development:

• July 2020: Unifrax LLC purchased Rex Materials Group, a producer of engineered thermal components. Stellar Materials, LLC, a manufacturer of distinctive specialized chemicals and materials, was acquired by a firm in 2019.
• April 2019: Ultrathin ceramic fiber boards with 3mm and 4mm thickness were introduced by Zibo Meiyuan Thermal Insulation Material. These boards are employed in producing light-duty industrial combustion chambers, thermal barriers, heat shields, refractory lining, household appliances, industrial heat processing equipment, and others.

Global Ceramic Fiber Market is segmented as follows:

By Type

• RCF
• AES Wool
• Others

By Product form

• Blanket
• Module
• Board
• Paper
• Others

By End-use industry

• Refining & Petrochemical
• Metals 
• Power Generation
• Others

By Region

• North America
  • The U.S.
  • Canada
  • Mexico
• Europe
  • France
  • The UK
  • Spain
  • Germany
  • Italy
  • Nordic Countries
    • Denmark
    • Sweden
    • Norway
  • Benelux Union
    • Belgium
    • The Netherlands
    • Luxembourg
  • Rest of Europe
• Asia Pacific
  • China
  • Japan
  • India
  • Australia
  • South Korea
  • Southeast Asia
    • Indonesia
    • Thailand
    • Malaysia
    • Singapore
    • Rest of Southeast Asia
  • Rest of Asia Pacific
• The Middle East & Africa
  • Saudi Arabia
  • UAE
  • Egypt
  • South Africa
  • Rest of the Middle East & Africa
• Latin America
  • Brazil
  • Argentina
  • Rest of Latin America

About Us:

Facts & Factors is a leading market research organization offering industry expertise and scrupulous consulting services to clients for their business development. The reports and services offered by Facts and Factors are used by prestigious academic institutions, start-ups, and companies globally to measure and understand the changing international and regional business backgrounds. Our client’s/customer’s conviction on our solutions and services has pushed us in delivering always the best. Our advanced research solutions have helped them in appropriate decision-making and guidance for strategies to expand their business.

Contact Us:
Facts & Factors
A 2108, Sargam,
Nanded City,
Sinhagad Road,
Pune 411041, India
USA: +1-347-989-3985
Email: [email protected]
Web: https://www.fnfresearch.com