Ceramic Fiber Market Forecast Analysis | 2023-2028

Market Insights

The ceramic fiber market was estimated at USD 2.28 billion in 2022 and is likely to grow at a CAGR of 9.87% during 2023-2028 to reach USD 4.02 billion in 2028.

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What is ceramic fiber?

Ceramic fiber is synthetic mineral wool that can withstand temperatures above 1000°C. It is majorly used in the aerospace industry, owing to its lightweight properties, possession of enormous compressive strength, and improvement of thermal performance without the requirement of a vacuum. Its other name is high-temperature insulation wool.

Ceramic fiber has usages only in high-temperature industrial applications and some other processes. Blankets, modules, boards, paper, and some others are the product forms of ceramic fiber.

Market Dynamics

The growing demand for extremely thermal-efficient insulation products is estimated to drive the growth of the global ceramic fiber market.

Segments Analysis

By Type

Based on the type, the market is segmented as refractory ceramic fiber (RCF), alkaline earth silicate (AES) wool, and others. The AES-type segment is expected to depict the highest growth in the coming five years, owing to little bio-persistence and healthier distinctive properties. AES ceramic fiber products realize prime use in heat insulation for galley utensils for home and business applications and fire defense for marine vessels and edifices.

By Product Form Type

Based on the product form type, the market is segmented as a blanket, module, board, paper, and others. The module segment is estimated to register the highest growth during the forecast period. The growth is attributed to their design adaptability and compatibility at various temperature arrays. Based on customer necessities, the design, densities, and attachment systems of modules are diverse for various industries including power generation, iron & steel, and refining & petrochemical.

By End-Use Industry Type

Based on the end-use industry type, the market is segmented as iron & steel, refining & petrochemical, power generation, aluminum, and others. The refining & petrochemical segment holds substantial demand for ceramic fiber. The growing need to reduce functional costs, enhance reliability, and minimize energy use in roofs, furnace linings, and walls is anticipated to drive the claim for ceramic fiber in the refining & petrochemical sector.

Regional Insights

In terms of regions, Asia-Pacific was the largest market for ceramic fiber in 2022 and is estimated to maintain its dominance during the forecast period. China and India are the growth engines of the region. The market is largely sustained by the increasing manufacturing and construction activities, contributing to an increase in the engagement of lightweight and high-quality insulation materials built of ceramics, which is further anticipated to augment the employment of ceramic fiber. North America and Europe are also expected to offer substantial growth opportunities during the forecast period.

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Market Segmentation

This report studies the market covering a period of 12 years of trend and forecast. The report provides detailed insights into the market dynamics to enable informed business decision-making and growth strategy formulation based on the opportunities present in the market.

The market is segmented into the following categories.

By Type

• Refractory Ceramic Fiber (RCF)
• Alkaline Earth Silicate (AES) Wool
• Others

By Product Form Type

• Blanket
• Module
• Board
• Paper
• Others

By End-Use Industry Type

• Iron & Steel
• Refining & Petrochemical
• Power Generation
• Aluminum
• Others

By Region

• North America (Country Analysis: the USA, Canada, and Mexico)
• Europe (Country Analysis: Germany, France, the UK, Russia, and the Rest of Europe)
• Asia-Pacific (Country Analysis: China, Japan, India, and the Rest of Asia-Pacific)
• Rest of the World (Sub-Region Analysis: Latin America, the Middle East, and Others)

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Key Players

Some of the major players in the market are-

• ADL Insulflex Inc.
• Ceramsource, Inc.
• Double Egret thermal Insulation
• Harbisonwalker International Inc.
• Ibiden Co., Ltd.
• Isolite Insulating Products Co. Ltd.
• Lewco Specialty Products, Inc.
• Morgan Advanced Materials Plc
• Nutec Fibratec, and Pyrotek Inc.

Research Methodology

This report offers high-quality insights and is the outcome of a detailed research methodology comprising extensive secondary research, rigorous primary interviews with industry stakeholders, and validation and triangulation with Stratview Research’s internal database and statistical tools.

More than 1,000 authenticated secondary sources, such as company annual reports, fact books, press releases, journals, investor presentations, white papers, patents, and articles have been leveraged to gather the data.

We conducted more than 10 detailed primary interviews with the market players across the value chain in all four regions and with industry experts to obtain both qualitative and quantitative insights.

Report Features

This report provides market intelligence in the most comprehensive way. The report structure has been kept such that it offers maximum business value. It provides critical insights into the market dynamics and will enable strategic decision-making for the existing market players as well as those willing to enter the market.

What Deliverables Will You Get in this Report?

Report Customization Options

With this detailed report, Stratview Research offers one of the following free customization options to our respectable clients:

Company Profiling

• Detailed profiling of additional market players (up to 3 players)
• SWOT analysis of key players (up to 3 players)

Market Segmentation

• Current market segmentation of any one of the types by end-use industry type.

Competitive Benchmarking

• Benchmarking of key players on the following parameters: Product portfolio, geographical reach, regional presence, and strategic alliances.

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