Ceramic fiber market worth $ 3.3 billion by 2026
CHICAGO, August 24, 2021 / PRNewswire / – According to New Market Research Report “Ceramic fiber market by type (RCF, AES wool), product form (blanket, modulus, cardboard, paper) End-use industry (refining and petrochemicals, metals, power generation) and region (APAC, Europe, North America, AEM, South America) – Global forecasts until 2026“, published by MarketsandMarkets â¢, the ceramic fiber market is expected to reach $ 3.3 billion by 2026, at a CAGR of 9.9% of $ 2.1 billion in 2021.
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Ceramic fiber is a type of fibrous and lightweight refractory material mainly composed of alumina, silica and other oxides in small proportions. Its low density properties make it suitable for high temperature applications requiring low thermal mass. Ceramic fiber products exhibit thermal stability, good electrical insulation, strength, durability, design flexibility, and wear and corrosion resistance. Due to their low thermal conductivity, ceramic fiber products minimize heat dissipation from the furnace or furnace and contribute to overall energy savings.
RCF is expected to be the fastest growing type for ceramic fiber market between 2021 and 2026
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. RCF ceramic fiber is the most important type segment of the ceramic fiber market. APAC was the largest market for ceramic fiber in 2020, in terms of value. Factors such as increasing demand from power generation, refining, and petrochemical industries will drive the ceramic fiber market.
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 strong demand for insulating materials in the shipping, metal, construction and industrial sectors. automobile and space.
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Refining and petrochemicals are expected to be the fastest growing 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 fastest growing region for ceramic fiber market during the forecast period
The 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.
The key Ceramic fiber market players featured 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. (USA), Isolite Insulating Product Co. Ltd. (Japan), NutecFibratec (Mexico), Yeso Isolant Product Co. Ltd. (Japan), Rath Group (United States), FibreCast Inc. (United States) and Double Egret Thermal Insulation (China).
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High Temperature Fiber Market by type of fibers (aramid (para-aramid, meta-aramid, others), ceramic (refractory ceramic fibers, weakly bio-persistent and others) and other fibers (basalt and others)), by application (safety and protection, automotive, Aerospace, Industrial, Electrical and electronics, and others) and by region
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