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  • Ceramic Fiber Market Forecast Analysis | 2023-2028

    Ceramic Fiber Market Forecast Analysis | 2023-2028

    Ceramic Fiber Market Forecast Analysis | 2023-2028
    Report code - SRAM250 Delivery - 2 Weeks
    Ceramic Fiber Market Size, Share, Trend, Forecast, & Growth Analysis- 2023-2028.
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    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.

    Ceramic Fiber Market Highlights

    Market Size in 2022

    USD 2.28 billion

    Market Size in 2028

    USD 4.02 billion

    Market Growth (2023-2028)

    9.87% CAGR

    Base Year of Study

    2022

    Trend Period

    2017-2021

    Forecast Period

    2023-2028

    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.

    Ceramic-Fiber-Market-Regional-Insights

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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)

    Ceramic-Fiber-Market-Segmentation

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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?

    Key questions this report answers

    Relevant contents in the report

    How big is the sales opportunity?

    In-depth Analysis of the Ceramic Fiber Market

    How lucrative is the future?

    Market forecast and trend data and emerging trends

    Which regions offer the best sales opportunities?

    Global, regional, and country-level historical data and forecasts

    Which are the most attractive market segments?

    Market Segment Analysis and Forecast

    Which are the top players and their market positioning?

    Competitive landscape analysis, Market share analysis

    How complex is the business environment?

    Porter’s five forces analysis, PEST analysis, Life cycle analysis

    What are the factors affecting the market?

    Drivers & challenges

    Will I get the information on my specific requirement?

    10% free customization

    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.

    Custom Research: Stratview Research offers custom research services across sectors. In case of any custom research requirement related to market assessment, competitive benchmarking, sourcing and procurement, target screening, and others, please send your inquiry to sales@stratviewresearch.com.

    Frequently Asked Questions (FAQs)

    Ceramic fiber is synthetic mineral wool that can withstand temperatures above 1000C. 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.

    The ceramic fiber market was estimated at USD 2.28 billion in 2022.

    The ceramic fiber market is likely to reach USD 4.02 billion in 2028.

    The ceramic fiber market is expected to witness an impressive growth of 9.87% CAGR in the foreseeable future.

    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. are among the key players in the market.

    Asia-Pacific is expected to remain the largest market during the next five years.

    The AES type segment is expected to depict the highest growth in the market in the coming years.

    The growing demand for extremely thermal-efficient insulation products is the factor driving the growth of the market.