Ceramic Fiber Market to Grow at a CAGR of 9.9% from 2022 to 2029, Rising Demand for Insulation in High Temperature Applications Drives Industry: Analysis by Accuracy Consultancy

The high demand for the ceramic fiber market can be attributed to the superior properties exhibited such as light weight, thermal stability, excellent thermal insulation performance, high thermal shock resistance and low thermal conductivity.

Luton, Bedfordshire, UK, Sep 26, 2022 (GLOBE NEWSWIRE) — Accuracy Consultancy, the market research and consultancy wing of Improve Digital Consultancy Private Limited has completed and published the final copy of the research report detailed about Ceramic Fiber Market.

The global Ceramic Fiber Market held a market value of USD 1.91 Billion in 2021 and is projected to reach USD 4.46 Billion by 2029. The market is expected to grow at a CAGR of 9.9% from 2022 to 2029.

Ceramic fiber is lightweight, has high compressive strength and improves thermal performance without requiring a vacuum, it is used in aircraft. It is also known as high temperature insulation wool. They are only used in high temperature industrial applications and other activities. Ceramic fibers are used in a variety of industries such as aluminum, petrochemical, power generation, iron and steel, ceramics, etc. Aluminum silicate fiber, also known as refractory ceramic fiber, is the first type of ceramic fiber.

Request Sample PDF Brochure of Ceramic Fiber Market Size and Global Analysis with Strategic Developments at:

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Recent Industry Developments:

  • In 2022: Sappi is committed to contributing to the solution and is trying to decarbonize its business practices. As the next step in its long-term commitment to preserve the planet and promote sustainable production globally, it will stop using coal at its German factory in Stockstadt. To accomplish this, Boiler 9, the plant’s current coal-fired boiler, will be demolished and the plant will run entirely on natural gas and renewable biomass.

  • In September 2021, Enexor BioEnergy announced its partnership with the University of Tennessee. This partnership will help Enexor test high temperature ceramic filter technology and gather information on the energy and cost saving characteristics of ceramic fibers.

Asia-Pacific shares 28% of the total market. After that, the rest of the world accounts for 72% of the global market respectively.

The Asia-Pacific region dominates the ceramic fiber market due to intensive R&D, increase in infrastructure development activities, and heightened awareness created by regulatory bodies, such as EPA and REACH, for the Environmental Protection. The ceramic fiber market in the region will benefit greatly. The ceramic fiber market in the region has a lot of potential due to the metallurgy, refining and petrochemical, and power generation industries.

The aerospace industry holds the largest market share owing to the increasing adoption of ceramic fiber.

Ceramic fibers are used in the aerospace industry due to their light weight, high temperature resistance, electrical insulation, corrosion resistance, chemical stability, wear resistance and strength. to vibration. Ceramic fiber reinforced composites are employed in the manufacture of engine parts such as turbine blends, compressors and exhaust vanes, as well as aerospace rockets.

Steel industries hold the largest market size due to their superior thermal performance compared to other materials.

Ceramic fiber is increasingly used as a refractory lining for heat treatment and preheating furnaces in the steel industries. This is because it has a higher thermal efficiency per unit thickness than insulating refractory bricks. Ceramic fiber is lightweight and has low conductivity, which helps conserve energy by preventing heat from escaping from ovens and furnaces. It can help save up to 20% energy, reducing overall production costs.

Report Scope:

Report Attribute/Measure

Details

Market size

1.91 billion USD in 2021

$4.46 billion by 2029

CAGR

9.9% (2022 – 2029)

base year

2021

Forecast period

2022 – 2029

Historical data

2017

Forecast units

Value (USD billion)

Report cover

Revenue forecasts, competitive landscape, growth factors and trends

Segments Covered

Material type, end-use industry and region

Geographical areas covered

North America, Europe, Asia-Pacific and Rest of the World (RoW)

Main suppliers

Morgan Advanced Materials plc, Unifrax LLC, Harbisonwalker International Inc., Nutec Fibratec, Rath Group, FibreCast Inc., Double Egret Thermal Insulation, Luyang Energy Savings Material Co., Ltd., Ibiden Co., Ltd., Isolite Insulating Product Co. ltd. and Yeso Insulating Product Co., Ltd.

Key market opportunities

The refining and petrochemical industry holds the largest market share and is expected to experience the fastest growth during the projection period.

Key Market Drivers

  • The growing demand for ceramic fibers in the refining and petrochemical industries is driven by the need to reduce operating costs, improve reliability and reduce energy consumption in furnace linings.

  • Ceramic fiber products also have opportunities in alternative energy, due to their resistance to high temperatures. Fuel cells, solar, geothermal, biofuels and waste incinerators are examples of alternative energy applications.

Some major findings of the Ceramic Fiber market:

Innovation is one of the biggest and most important strategies for any ceramic fiber market. However, companies in the Ceramic Fiber market have also opted and successfully pursued inorganic growth strategies such as mergers and acquisitions etc.

Key players in the global ceramic fiber market are Morgan Advanced Materials plc, Unifrax LLC, Harbisonwalker International Inc., Nutec Fibratec, Rath Group, FibreCast Inc., Double Egret Thermal Insulation, Luyang Energy Savings Material Co., Ltd., Ibiden Co., Ltd., Isolite Insulating Product Co. Ltd., Yeso Insulating Product Co., Ltd. and others.

Browse the full report at @:

https://accuracyconsultancy.com/reports/5653/ceramic-fiber-market

Dynamics of the ceramic fiber market:

Driving force: Increasing use of ceramic fiber in the petrochemical industry

Ceramic fiber is widely used in the petrochemical industry for filtration, fire protection and thermal management solutions, among other applications. The increasing use of ceramic fiber in the petrochemical industry is one of the major drivers for the growth of the ceramic fiber market. It is used in the iron and steel industries as a refractory lining for heating furnaces during heat treatments. Ceramic fiber materials help prevent heat leakage from kilns and ovens, reducing overall production costs. Ceramic fiber filtration technology is also used to reduce pollution in the environment. Additionally, increasing attention to research and development activities, increasing application of ceramic fiber in aerospace component manufacturing, and growing environmental concerns are other key factors that are expected to continue driving the revenue growth of the ceramic fiber market.

Contention: Side effects of ceramic fiber

Ceramic fiber materials are composed of inorganic compounds known as carcinogens, such as alumina or Al2O3 and silica or Si2O3. Prolonged exposure to ceramic fiber can cause eye and skin irritation, as well as respiratory problems such as chronic cough, dyspnea and wheezing. This factor is expected to limit the use of ceramic fiber materials and negatively impact the growth of the ceramic fiber market. In addition, the high production cost and the presence of strict regulations regarding the use of petrochemicals due to negative environmental effects are key factors that are expected to restrain the revenue growth to some extent.

Opportunities: Increasing demand for various applications in aerospace and alternative energy industry

Ceramic fiber products, due to their resistance to high temperatures, are being used in new applications, such as aerospace and alternative energy. Alternative energy applications include fuel cells, solar power, geothermal, biofuels and waste incinerators. Ceramic fiber, very resistant and light, is slowly revolutionizing the aerospace industry.

Key insights from primary research

  • According to the analysis, the ceramic fiber market is expected to grow above a CAGR of approximately 9.9% between 2022 and 2029.

  • The ceramic fiber market size was worth around USD 1.91 billion in 2021 and is projected to reach around USD 4.46 billion by 2029. Due to various driving factors, the market is expected to grow at a significant rate.

  • By manufacturing process, the Natural Ceramic Fiber category led the market in 2022.

  • By application, ceramic fiber for textile segment led the market in 2022.

  • Based on region, Asia-Pacific dominated the ceramic fiber market in 2022.

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Global Aircraft Insulation Materials Market was valued at USD 20.007 Billion in 2021 and is projected to reach USD 39.33 Billion by 2029, growing at a CAGR of 7.8% during the forecast period.

https://accuracyconsultancy.com/reports/4658/aircraft-insulation-materials-market

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The global exterior wall systems market is expected to grow at a CAGR of 3.25% from 2020 to 2029. It is expected to reach over USD 189.2 billion by 2029, from USD 141.9 billion in 2021.

https://accuracyconsultancy.com/reports/6233/exterior-wall-systems-market

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The global coating systems market is expected to grow at a CAGR of 5.6% from 2022 to 2029. It is expected to reach over USD 362 billion by 2029, from USD 221.28 billion in 2021.

https://accuracyconsultancy.com/reports/5862/cladding-systems-market

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The global polyurethane adhesives market will witness a CAGR of 6.2% during the forecast period 2022-2029. It is expected to reach over USD 11.95 billion by 2029, up from USD 7.50 billion in 2021.

https://accuracyconsultancy.com/reports/6818/polyurethane-adhesives-market

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