The Global Ceramic Fiber Market size was valued at USD 1,549.8 million, exhibiting a CAGR of 10.75 % over the forecast period.
Various end-use sectors are increasingly calling for less harmful solutions, resulting in a strong demand for low bio persistence, non-carcinogenic products. Ceramic fiber is a type of insulator consisting of alumina and silica that is held together by an inorganic binder. It has features like lightness and low density that make it ideal for high-temperature applications with low thermal mass.
Ceramic fiber is used in aircraft because it is lightweight, has a high compressive strength, and improves thermal performance without requiring vacuum. High temperature insulating wool is another name for it. Only high-temperature industrial applications and other procedures use them. Ceramic fibers are used in a variety of applications, including aluminum, petrochemicals, power production, iron and steel, ceramics, and more. Aluminum silicate fiber, commonly known as refractory ceramic fiber, is the first type of ceramic fiber.
The increased demand for ceramic fiber from major end-use sectors such as iron & steel, refining & petrochemical, power generation, chemical, transportation, and others is driving the market. Ceramic qualities are in high demand because of their exceptional properties such light weight, thermal stability, outstanding thermal insulating performance, strong resistance to thermal shock, and low thermal conductivity. It also has low heat storage, excellent sound absorption, strong corrosion resistance, chemical resistance, and chemical stability, among other qualities. One of the primary drivers of the ceramic fiber market is the rising demand for ceramic fiber in the refining and petrochemical industries. Paints, rubbers, plastics, textiles, solvents, detergents, dyes, and other synthetic products are all made with petrochemicals, which drives the market.
Boilers & heating centers, catalyst base and filter parts in refining hot gases, boiler header insulation, high-temperature filtration of gases & liquids, reactors & cat crackers, and burners insulation are all examples of where ceramic fiber is utilized in the petrochemical industry. Another key driver driving market growth is the increased demand for stainless steel due to the expansion of the aviation and rail transportation sectors.
Covid-19 Impact
Every industry has been affected by the COVID 19 outbreak. COVID-19 has influenced customer behavior all around the world. The pandemic had a significant impact on the ceramic fiber industry, which saw production hampered due to a lack of resources and trade restrictions. According to current industry research, however, the demand for ceramics in the post-pandemic era is predicted to skyrocket. The Covid Impact had a two-year impact on the ceramics industry, though post-pandemic market values are increasing.
Ceramic fiber Market, by Type
Based on type, the market has been segmented into RCF, AES, and Wool. Because of the increased demand for low-cost fibers, low heat storage, and good thermal stability, the RCF type category has a bigger market share. Expanding building activities, high output of iron and steel, and aluminum sectors, rising need for flexible, durable, and lightweight materials, rising quality of life, and high per-capita expenditure are driving the RCF market in this area. Because of the carcinogenic nature of RCF and the introduction of several restrictions on its use, companies are increasingly manufacturing and deploying AES wool as a substitute.
Ceramic fiber Market, by Product Form
Based on the Product form, the market is divided into Blanket, Board, Paper, and Module. Among them, the blanket category is expected to have the biggest market share, owing to the increasing demand for insulation materials from various industries, such as metal, transportation, automotive, and space. Blanket is the most well-known ceramic fiber product due to its design and performance versatility. The blanket category accounted for the largest share of the overall market in terms of value. Insulation material is in high demand in the maritime, metal, automotive, and space industries, resulting in a substantial demand in this market.
Ceramic fiber Market, by end use
Based on End use, the market is divided into Refining & Petrochemical, Iron & Steel, Power Generation, and Aluminum. This fiber’s primary customer in the industry is the refining and petrochemical sector. The refining and petrochemical industry has the largest market share and is expected to grow at the highest rate throughout the projected period due to its extensive use in furnaces and boilers for refining crude and petrochemicals manufacturing. The desire to lower operating costs, increase dependability, and minimize energy consumption in furnace linings, roofs, and walls is driving the growing demand for ceramic fiber in the refining and petrochemical industries.
Global Ceramic fiber Market, by Application
Based on the Application, the market is divided into Pumps, Filters, Liners, Seals, Valves, Bearings, and Others. Due to rising demand for insulating materials from various industries such as metal, transportation, automotive, and space, the pump category is predicted to have the greatest market share.
Ceramic Fiber is a fibrous refractory material, a light weight, high temperature, good thermal stability, low thermal conductivity, specific heat of small and resistance to mechanical shock, etc.
Global Ceramic Fiber key players include Ibiden, Isolite Insulating Products, Luyang Energy-Saving Materials, Morgan Thermal Ceramics, Unifrax, etc.
North America is the largest market, with a share about 40%, followed by China and Europe, having a total share about 50 percent.
In terms of product, Ceramic Fiber Blanket is the largest segment, with a share about 45%.
And in terms of application, the largest application is Chemical Industry, followed by Aerospace And Defense Industry, Steel Industry, Electrical Appliances, etc.Market Analysis and Insights: Global Ceramic Fiber Market In 2020, the global Ceramic Fiber market size was US$ 2184 million and it is expected to reach US$ 2854.5 million by the end of 2027, with a CAGR of 3.9% during 2021-2027.
Players, stakeholders, and other participants in the global Ceramic Fiber market will be able to gain the upper hand as they use the report as a powerful resource.
