Growing Demand for Low Bio-persistent Ceramic Fibers to Escalate Ceramic Fiber Market Growth
According to our latest market study on “Ceramic Fiber Market to 2028 – Global Analysis and Forecasts – by Type, Product, and End Use,” the global market size was valued at US$ 1,578.03 million in 2022 and is projected to reach US$ 2,510.80 million by 2028; it is expected to grow at a CAGR of 8.0% from 2022 to 2028. The report highlights key factors driving the ceramic fiber market growth and prominent players along with their developments in the market.
Ceramic fiber is a small-dimension filament or thread, which is composed of a ceramic material, primarily alumina and silica. It is used in lightweight units for electrical, sound, and thermal insulation. Most ceramic fibers contain an equal proportion of alumina and silica. The physical and chemical properties of the ceramic fiber vary with the composition. Most ceramic fibers are available in white and cream and several product forms. The high-temperature resistance ceramic boards and blankets are used in the development of ships for general heat containment and to reduce the risk of fires. Ceramic fiber products are used in the metal industry, commercial & domestic appliances, furnace interiors, space vehicles, etc.
Global Ceramic Fiber Market Breakdown – by Region Ceramic Fiber Market Size and Forecasts (2021 - 2031), Global and Regional Share, Trends, and Growth Opportunity Analysis Report Coverage: By Type [Refractory Ceramic Fiber (RCF), Alkaline Earth Silicate (AES) Wool, and Others], Product (Blanket, Module, Board, Paper, and Others), and End Use (Iron and Steel, Refining and Petrochemical, Power Generation, Aluminum, and Others), and Geography (North America, Europe, Asia Pacific, and South and Central America)
Ceramic Fiber Market Size and Forecasts (2021 - 2031), Global and Regional Share, Trends, and Growth Opportunity Analysis
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The stringent policies adopted by the government authorities of various countries due to environmental concerns have led to bio-based material selection in the ceramic fiber industry. This is expected to offer lucrative opportunities for the ceramic fiber market growth. Refractory ceramic fiber is classified under group 2B by International Agency for Research on Cancer (IARC), which suggests that these fibers can lead to carcinogenic results in humans, thereby increasing the risk of lung cancer and mesothelioma. Following such health concerns and government regulations, the manufacturers have introduced a better and improved form of ceramic fiber. The low bio-persistent ceramic fibers include all the high performance of RCF, such as low thermal conductivity, excellent thermal and mechanical properties, and resistance to thermal shock. This fiber is perceived to be a perfect substitute for refractory ceramic fiber.
Great Lakes Textiles; HarbisonWalker International; Isolite Insulating Products Co., Ltd.; Lewco Specialty Products, Inc.; Luyang Energy-saving Materials Co., Ltd; Morgan Advanced Materials; Nutec Group; Pyrotek Inc.; Rath-Group; and Unifrax LLC are a few of the major players operating in the global ceramic fiber market. Market players are highly focused on the development of high quality and innovative product offerings to fulfill the customer’s requirements.
The report includes the segmentation of the global ceramic fiber market as follows:
The global market is segmented on the basis of type, product, end use, and geography. Based on type, the global ceramic fiber market is segmented into refractory ceramic fiber (RCF), alkaline earth silicate (AES) wool, and others. Based on product, the global market is segmented into blanket, module, board, paper, and others. Based on end use, the global ceramic fiber market is categorized into iron and steel, refining and petrochemical, power generation, aluminum, and others. By geography, the global market is broadly segmented into North America, Europe, Asia Pacific (APAC), the Middle East & Africa (MEA), and South & Central America. The global market in North America is further segmented into the US, Canada, and Mexico. The global ceramic fiber market in Europe is subsegmented into Germany, France, the UK, Italy, Russia, and the Rest of Europe. The global ceramic fiber market in Asia Pacific is further segmented into China, India, Japan, Australia, South Korea, and the Rest of Asia Pacific. The market in the MEA is further segmented into South Africa, Saudi Arabia, the UAE, and the Rest of MEA. The global ceramic fiber market in South & Central America is subsegmented into Brazil, Argentina, and the Rest of South & Central America.
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