ID: MRFR/CnM/5802-HCR | February 2021 | Region: Global | 140 pages
Ceramic fiber has a low thermal conductivity and a high temperature resistance. Additionally, it is light in weight and has a low thermal inertia. As a result, ceramic fiber dissipates heat more efficiently and possesses remarkable energy-saving properties. Ceramic fiber products are used as insulation materials in high-temperature applications to help contain heat and conserve energy. The ceramic fiber market is growing primarily as a result of its increasing use in the refining and petrochemical industries, as well as in the power generation industry. The ceramic fiber market is influenced by the growing population, rising standard of living, consumer awareness of the importance of environmentally friendly products, consumers' high spending power on technologically advanced products, and the increasing demand for lightweight products.
The ceramic fiber market is moderately affected by disruptions in the global supply chain and constraints in the refining and petrochemicals industries, which account for the lion's share of ceramic fiber consumption. The Covid-19 outbreak has had a mild effect on business and consumer sentiment in key global markets, resulting in significant declines in the refining & petrochemical and power generation sectors.
Some of the manufacturers operating in the ceramic fiber market are Morgan Advanced Materials (UK), Unifrax (US), LUYANG ENERGY-SAVING MATERIALS CO., LTD. (China), IBIDEN (Japan), HarbisonWalker International (US), Isolite Insulating Products Co., Ltd. (Japan), NUTEC (Mexico), Rath-Group (US), FibreCast, Inc. (US), Pyrotek (US), and CeramSource, Inc., (US).
Ceramic Fiber Market, by Application (%)
Source: MRFR Analysis
The global ceramic fiber market has been segmented into five regions, namely, Asia-Pacific, North America, Europe, Latin America, and the Middle East & Africa.
The market in Asia-Pacific dominated the global ceramic fiber market in 2017 due to the growth of the end-use industries in the region. This can be attributed to the rapid industrialization and urbanization in the emerging countries such as India, Thailand, Malaysia, and Singapore.
The market in Europe and North America are expected to witness a steady growth owing to the slowing industrialization in both the region.
The Middle East & African market is expected to grow at a significant rate on account of the presence of oil & gas reserves in the region.
The global ceramic fiber market has been segmented on the basis of type, product form, end-use industry, and region.
Based on type, the market has been segmented into refractory ceramic fiber, alkaline earth silicone, and others.
By product form, the global market is categorized into blankets, rope, paper, board, blocks, cloth, module, and others.
The market has been segmented on the basis of the end-use industry into refining & petrochemical, iron & steel, power generation, chemical, transportation, and others.
|Market Size||Significant Value|
|CAGR||Substantial CAGR (2022-2030)|
|Historical Data||2019 & 2020|
|Forecast Units||Value (USD Million)|
|Report Coverage||Revenue Forecast, Competitive Landscape, Growth Factors, and Trends|
|Segments Covered||application, end use and region|
|Geographies Covered||Asia-Pacific, North America, Europe, Latin America, and the Middle East & Africa|
|Key Vendors||Morgan Advanced Materials (UK), Unifrax (US), LUYANG ENERGY-SAVING MATERIALS CO., LTD. (China), IBIDEN (Japan), HarbisonWalker International (US), Isolite Insulating Products Co., Ltd. (Japan), NUTEC (Mexico), Rath-Group (US), FibreCast, Inc. (US), Pyrotek (US), and CeramSource, Inc., (US).|
|Key Market Opportunities||High demand from the major end-use industries such as iron & steel, refining & petrochemical, power generation, chemical, transportation, and others.|
|Key Market Drivers||High demand for ceramic fiber in refining & petrochemical industry|
Frequently Asked Questions (FAQ) :
The ceramic fiber market would get traction from industries like refining & petrochemical, transportation, iron & steel, chemical, power generation, and others.
Stringent regulations regarding petrochemicals to lessen their impact on the environment can prevent the normal growth rate of the ceramic fiber market.
The Asia Pacific region would dominate the global ceramic fiber market.
Companies involved in the growth of the global ceramic fiber market are LUYANG ENERGY-SAVING MATERIALS CO., LTD. (China), Morgan Advanced Materials (UK), Unifrax (US), Isolite Insulating Products Co., Ltd. (Japan), IBIDEN (Japan), Pyrotek (US), HarbisonWalker International (US), FibreCast, Inc. (US), NUTEC (Mexico), Rath-Group (US), and CeramSource, Inc., (US).
Various strategies would be employed by diverse players like better expansion plans, effective agreement, various branding, product launches, joint ventures, mergers & acquisitions, investments, and better initiatives for the R&D to advance the prospects of the ceramic fiber market.