Ceramic Fiber Market Expected to Reach USD 3.3 Billion by 2026, at a CAGR of 9.9% vs. USD 2.1 Billion in 2021
The growth of ceramic fiber market is mainly driven by its increasing use in refining, petrochemical and power generation industries. The major constraint for the market will be the strict regulations relating to the use of carcinogenic materials.
New York, September 02, 2021 (GLOBE NEWSWIRE) – Reportlinker.com Announces the Publication of the “Ceramic Fiber Market by Type, Product Form, End Use Industry and Region – Global Forecast to 2026” – https://www.reportlinker.com/p03605434/?utm_source=GNW
Harmful and harmful effects on the environment and human health are a major concern around the world. The use of these toxic substances has therefore been restricted or prohibited in many applications, thus limiting the growth of the market. However, the growing demand for high temperature insulation in developed regions will provide an opportunity for the market.
RCF is the largest type of ceramic fiber for the ceramic fiber market in 2020
Construction activities on the rise; strong output of the iron and steel and aluminum industries; the growing demand for flexible, durable and lightweight materials; Rising standard of living and high per capita spending are boosting the RCF market in this region. Due to the carcinogenic nature of RCF and the introduction of several regulations on the use of RCF, companies now manufacture and use AES wool as a substitute for RCF.
Blanket is estimated to be the largest product form in the ceramic fiber market between 2021 and 2026.
Blanket is the most well-known form of ceramic fiber product due to its versatility in design and performance. The blankets segment accounted for the largest share of the overall market, in terms of value, in 2020.
The huge demand in this segment is due to the high demand for insulation materials in the shipping, metal, automotive and space industries.
Refining and petrochemicals are estimated to be the largest end-use industry in the ceramic fiber market between 2021 and 2026.
The refining and petrochemical industry held the highest market share and is expected to grow at the highest rate during the forecast period, mainly due to its heavy use in furnaces and boilers for the refining of the production of crude and petrochemicals. The growing need to reduce operating costs; increase reliability; and reduced energy consumption in the linings, roofs and walls of furnaces fuel the demand for ceramic fiber in the refining and petrochemical industry.
APAC is expected to be the largest ceramic fiber market during the forecast period, in terms of value.
Dominance is expected to continue over the forecast period due to intensive R&D, increased infrastructure development activities, and growing awareness among regulatory bodies, such as EPA and REACH, of the protection of the environment. Intensive R&D activities are undertaken in countries such as China and India.
In addition, the increase in construction activities to meet the growing population and the high demand for lightweight and low cost substitutes are fueling the growth of ceramic fiber market in the region.
In the process of determining and verifying the market size for several segments and sub-segments identified by secondary research, in-depth primary interviews were conducted. Here is the breakdown of the profiles of the main respondents:
â¢ By type of business: level 1 – 45%, level 2 – 30% and level 3 – 25%
â¢ By designation: level C – 46%, manager level – 25% and others – 29%
â¢ By region: North America – 27%, Europe – 27%, APAC – 33%, South America – 7% and Middle East and Africa – 6%,
Major market players described in the report include Morgan Advanced Materials plc (UK), Unifrax LLC (US), Luyang Energy Savings Material Co., Ltd. (China), Ibiden Co., Ltd. (Japan), Harbisonwalker International Inc. (United States), Isolite Insulating Product Co. Ltd. (Japan), Nutec Fibratec (Mexico), Yeso Insulating Product Co. Ltd. (Japan), Rath Group (United States), FibreCast Inc. (United States) and Double Egret Thermal Insulation (China).
This report segments the Ceramic Fiber market on the basis of type, product shape, end-use industry and region, and provides overall market value and volume estimates in various regions. A detailed analysis of major industry players has been conducted to provide information about their business overviews, products and services, key strategies, new product launches, expansions, and mergers and acquisitions associated with the Fiberglass market ceramic.
Reasons to buy this report
This research report focuses on different levels of analysis – industry analysis (industry trends), market ranking analysis of top players and company profiles, which together provide a big picture of the landscape. competitive; emerging and fast growing segments of the ceramic fiber market; high growth regions; and market drivers, constraints, opportunities and challenges.
The report provides information on the following pointers:
â¢ Market Penetration: Comprehensive Ceramic Fiber Insights from Major Players in the Global Ceramic Fiber Market
â¢ Product Development / Innovation: detailed information on upcoming technologies, research and development activities and new product launches in the ceramic fiber market.
â¢ Market development: Comprehensive information on lucrative emerging markets – report analyzes ceramic fiber markets across all regions
â¢ Market diversification: Comprehensive information on new products, untapped regions and recent developments in the global ceramic fiber market.
â¢ Competitive Assessment: In-depth assessment of the market shares, strategies, products and manufacturing capabilities of the major players in the Ceramic Fiber market
â¢ Impact of COVID-19 on the ceramic fiber market
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