The global ceramic fiber market size reached USD 1.92 Billion in 2020 and is expected to register a revenue CAGR of 9.7%, during the forecast period, according to latest analysis by Emergen Research. Rising demand for ceramic fiber in petrochemicals aerospace industries are some of the major factors driving global ceramic fiber market revenue growth. Revenue growth of the market is also expected to be driven by increasing demand for ceramic fiber from the automotive industry.
The report succinctly analyzes the potential revenue growth of the Ceramic Fiber market, its development patterns, and the future market trends. Moreover, the research report specializes in the meticulous analysis of the present market scenario. It forecasts the market value, volume, drivers, restraints, demand and supply ratio, production capacity, import/export status, growth rate, and other critical aspects over the projected period.
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Some Key Highlights From the Report
- Blanket segment revenue is expected to expand at a significantly rapid CAGR during the forecast period due to increasing application of blankets in automotive and aerospace industries. Ceramic blankets are utilized as catalytic converter insulation in the automotive industry, as well as in aircraft and space vehicle engines.
- Alkaline Earth Silicate (AES) wool segment is expected to register a significantly robust revenue growth rate over the forecast period. AES wools are made of amorphous fibers that are formed by melting a mixture of MgO, CaO, and SiO2. AES wool products are typically utilized at temperatures exceeding 1,100°F (600 °C) in industrial equipment, fire prevention, and automotive exhaust systems.
- In July 2020, Carbo San Luis SA was acquired by Morgan Advanced Materials PLC. This follows 22-years of collaboration and ensures the company's continuing growth and development. Morgan Advanced Materials aims to utilize advanced materials to assist make better use of the world's resources, and this is a global producer of specialty goods made from carbon, advanced ceramics, and composites.
Key Market Players:
HarbisonWalker International, Inc., Unifrax I LLC, Morgan Advanced Materials PLC, Isolite Insulating Products Company, Limited, YESO Insulating Product Co., Ltd., FiberCast Inc., Ibiden Co. Ltd., Luyang Energy-saving Materials Co., Ltd., Double Egret Thermal Insulation Co., Ltd., and NUTEC Group
Emergen Research has segmented the global ceramic fiber on the basis of product form, type, end-use, and region:
- Product Form Outlook (Volume Tons, Revenue, USD Billion; 2018-2028)
- Type Outlook (Volume Tons, Revenue, USD Billion; 2018-2028)
- Refractory Ceramic Fibers (RCF)
- Alkaline Earth Silicate (AES) Wool
- End-Use Outlook (Volume Tons, Revenue, USD Billion; 2018-2028)
- Power Generation
- Refining & Petrochemical
- Iron & Steel
Key Geographical Segments:
- North America (U.S., Canada)
- Europe (U.K., Italy, Germany, France, Rest of EU)
- Asia Pacific (India, Japan, China, South Korea, Australia, Rest of APAC)
- Latin America (Chile, Brazil, Argentina, Rest of Latin America)
- Middle East & Africa (Saudi Arabia, U.A.E., South Africa, Rest of MEA)
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The report offers a panoramic view of the Ceramic Fiber market on both global and regional levels. The study is further supported by key statistical data and industry-verified facts. The study strives to carefully gauge the present and future market growth prospects, untapped avenues, demand and consumption patterns, and the crucial factors poised to impact each market region's revenue potential. Therefore, the report scrutinizes the numerous growth trends & prospects and the significant challenges and threats that the market players might face in the upcoming years.
Target Audience of the Global Ceramic Fiber Market report:
- Global Ceramic Fiber market providers, traders, distributors, and suppliers
- Research organizations, End-use industries, consulting organizations, and various alliances related to this business sphere.
- Independent regulatory authorities, government bodies, and policymakers.
Table of Content:
Chapter 1. Methodology & Sources 1.1. Market Definition 1.2. Research Scope 1.3. Methodology 1.4. Research Sources 1.4.1. Primary 1.4.2. Secondary 1.4.3. Paid Sources 1.5. Market Estimation Technique Chapter 2. Executive Summary 2.1. Summary Snapshot, 2021-2028 Chapter 3. Key Insights Chapter 4. Ceramic Fiber Market Segmentation & Impact Analysis 4.1. Ceramic Fiber Market Material Segmentation Analysis 4.2. Industrial Outlook 4.2.1. Market indicators analysis 4.2.2. Market drivers analysis 18.104.22.168. High-temperature applications are increasing demand 22.214.171.124. Increasing need to save energy and production cost 126.96.36.199. Rising demand for ceramic fiber in the aerospace industry 188.8.131.52. Rising demand for ceramic fiber in the petrochemical industry 4.2.3. Market restrains analysis 184.108.40.206. Health-related concerns of ceramic fiber 220.127.116.11. Stringent regulations on using ceramic fiber and byproducts 4.3. Technological Insights 4.4. Regulatory Framework 4.5. Porter's Five Forces Analysis 4.6. Competitive Metric Space Analysis 4.7. Price trend Analysis 4.8. Covid-19 Impact Analysis
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