Asia Pacific Ceramic Fiber Market to Reach US$ 1,258.7 Mn at a CAGR of 9.0% in 2027

Asia Pacific Ceramic Fiber Market to 2027 - Regional Analysis and Forecasts By Type (Refractory Ceramic Fiber (RCF), Alkaline Earth Silicate (AES) Wool, Others), By Product Form (Blanket, Module, Board, Paper, Others), By End Use Industry (Iron and Steel, Refining and Petrochemical, Power Generation, Aluminum, Others)

  • Report Code : TIPRE00007977
  • Category : Chemicals and Materials
  • Status : Published
  • No. of Pages : 134
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The Asia Pacific ceramic fiber market is accounted to US$ 591.1 Mn in 2018 and is expected to grow at a CAGR of 9.0% during the forecast period 2019 – 2027, to account to US$ 1,258.7 Mn by 2027.

China is dominating the Asia Pacific ceramic fiber market followed by Japan. The ceramic Fiber market in China is characterized by the presence of many small and large scale players operating in the country. Moreover, China has a huge customer base for ceramic Fiber due to rapid industrialization. Rising demand form iron and steel and power generation industry is projected to influence the ceramic Fiber market in China positively. China is the largest producer of steel globally, and it is also the world's largest consumer of the material.


Asia Pacific Ceramic Fiber Market

Asia Pacific Ceramic Fiber Market
  • Sample PDF showcases the content structure and the nature of the information with qualitative and quantitative analysis.

Market Insights

Higher Thermal Efficiency in Comparison to Substitutes

Ceramic Fibers are low thermal mass insulation materials that have revolutionized the furnace design lining system. Ceramic Fiber is aluminosilicate materials that are manufactured by melting and blending silica and aluminum at temperatures of approximately 1800oC to 2000oC and then breaking the molten stream by blowing the compressed air or by dropping the melt on the spinning disc to form bulk or loose ceramic Fiber. Along with the significant characteristics of ceramic Fiber, such as lower heat storage, lightweight, chemical resistance, thermal shock resistance, lower thermal conductivity, and others, one of the significant characteristics of ceramic Fiber is its thermal efficiency. The low thermal efficiency of ceramic Fiber can be expertly made use of by the reduced furnace volume and lesser lining thickness of the furnace. The wick response of ceramic Fiber lined furnace assists in more accurate control and uniform temperature distribution in the furnace. Ceramic Fiber is used as a thermal insulator owing to its low thermal conductivity and poor conduction of heat.

Type Insights

Based on type, the Asia Pacific ceramic fiber market is bifurcated as Refractory Ceramic Fiber (RCF), Alkaline Earth Silicate (AES) wool, and others. The RCF segment dominated the Asia Pacific ceramic fiber market. Refractory ceramic Fibers (RCFs) or aluminosilicate wool (ASW) are categorized under man-made vitreous Fibers and are known for their insulating qualities. RCFs are manufactured when raw materials such as kaolin clay, Al2O3, SiO2, and ZrO2 are melted together, followed by the process of spinning or blowing into alumino-silicate Fibers. These Fibers vary from natural mineral Fibers asbestos and can be converted into crystalline silica (cristobalite).

Product Form Insights

Based on product form, the Asia Pacific ceramic fiber market is bifurcated as blanket, module, board, paper and others. The blanket segment dominated the Asia Pacific ceramic fiber market. The blanket is considered as a refractory material which possesses low thermal conductivity, high tensile strength, and resilience along with resistance to thermal shocks and chemical attacks. These blankets are made up of long flexible, interwoven Fibers manufactured through the “spun” process and exhibit high insulation performance, flexibility, and strength. Blankets made up of ceramic Fiber are available in three standard grades, namely commercial, high-purity, and zirconia.

End Use Industry Insights

The Asia Pacific Ceramic fiber market is bifurcated based on end use industry into iron and steel, refining and petrochemical, power generation, aluminum and others. The refining and petrochemical segment accounted for the largest share in the Asia Pacific ceramic fiber market. The demand for the refining and petrochemical industry is rising across the Asia Pacific region, with an increase in industrialization and urbanization. The growing need to lower down the operating costs coupled with an increase in reliability, and less use of energy in various applications such as furnace linings, roofs, and walls are expected to fuel the demand for ceramic fiber in the refining & petrochemical industry. The use of ceramic Fibers in refining and petrochemical industries is becoming prominent as these fibers possesses properties such as stability over high-temperature, low thermal conductivity, light weight, thermal shock and corrosion resistance amongst others.

China Ceramic Fiber Market by Type

China Ceramic Fiber Market by Type
  • Sample PDF showcases the content structure and the nature of the information with qualitative and quantitative analysis.



ASIA PACIFIC CERAMIC FIBER MARKET SEGMENTATION

Asia Pacific Ceramic fiber Market – By Type

  • Refractory Ceramic Fiber (RCF)
  • Alkaline Earth Silicate (AES) Wool
  • Others

Asia Pacific Ceramic fiber Market – By Product Form

  • Blanket
  • Module
  • Board
  • Paper
  • Others

Asia Pacific Ceramic fiber Market – By End Use Industry

  • Iron and Steel
  • Refining and Petrochemical
  • Power Generation
  • Aluminum
  • Others

Asia Pacific Ceramic fiber Market – By Country

  • Australia
  • China
  • India
  • Japan
  • South Korea
  • Rest of Asia Pacific

Company Profiles

  • Great Lakes Textiles
  • HarbisonWalker International, Inc.
  • Isolite Insulating Products Co., Ltd.
  • Lewco Specialty Products, Inc.
  • Luyang Energy-Saving Materials Co., Ltd.
  • Morgan Advanced Materials
  • Nutec Group
  • Pyrotek Inc.
  • Rath-Group
Report Coverage
Report Coverage

Revenue forecast, Company Analysis, Industry landscape, Growth factors, and Trends

Segment Covered
Segment Covered

Type, By Product Form, By End Use Industry

Regional Scope
Regional Scope

North America, Europe, Asia Pacific, Middle East & Africa, South & Central America

Country Scope
Country Scope

Australia, China, Japan, South Korea

The List of Companies in APAC Ceramic Fiber Market

  1. Great Lakes Textiles
  2. HarbisonWalker International, Inc.
  3. Isolite Insulating Products Co., Ltd.
  4. Lewco Specialty Products, Inc.
  5. Luyang Energy-Saving Materials Co., Ltd.
  6. Morgan Advanced Materials
  7. Nutec Group
  8. Pyrotek Inc.
  9. Rath-Group
  10. Unifrax LLC

The Insight Partners performs research in 4 major stages: Data Collection & Secondary Research, Primary Research, Data Analysis and Data Triangulation & Final Review.

  1. Data Collection and Secondary Research:

As a market research and consulting firm operating from a decade, we have published many reports and advised several clients across the globe. First step for any study will start with an assessment of currently available data and insights from existing reports. Further, historical and current market information is collected from Investor Presentations, Annual Reports, SEC Filings, etc., and other information related to company’s performance and market positioning are gathered from Paid Databases (Factiva, Hoovers, and Reuters) and various other publications available in public domain.

Several associations trade associates, technical forums, institutes, societies and organizations are accessed to gain technical as well as market related insights through their publications such as research papers, blogs and press releases related to the studies are referred to get cues about the market. Further, white papers, journals, magazines, and other news articles published in the last 3 years are scrutinized and analyzed to understand the current market trends.

  1. Primary Research:

The primarily interview analysis comprise of data obtained from industry participants interview and answers to survey questions gathered by in-house primary team.

For primary research, interviews are conducted with industry experts/CEOs/Marketing Managers/Sales Managers/VPs/Subject Matter Experts from both demand and supply side to get a 360-degree view of the market. The primary team conducts several interviews based on the complexity of the markets to understand the various market trends and dynamics which makes research more credible and precise.

A typical research interview fulfils the following functions:

  • Provides first-hand information on the market size, market trends, growth trends, competitive landscape, and outlook
  • Validates and strengthens in-house secondary research findings
  • Develops the analysis team’s expertise and market understanding

Primary research involves email interactions and telephone interviews for each market, category, segment, and sub-segment across geographies. The participants who typically take part in such a process include, but are not limited to:

  • Industry participants: VPs, business development managers, market intelligence managers and national sales managers
  • Outside experts: Valuation experts, research analysts and key opinion leaders specializing in the electronics and semiconductor industry.

Below is the breakup of our primary respondents by company, designation, and region:

Research Methodology

Once we receive the confirmation from primary research sources or primary respondents, we finalize the base year market estimation and forecast the data as per the macroeconomic and microeconomic factors assessed during data collection.

  1. Data Analysis:

Once data is validated through both secondary as well as primary respondents, we finalize the market estimations by hypothesis formulation and factor analysis at regional and country level.

  • 3.1 Macro-Economic Factor Analysis:

We analyse macroeconomic indicators such the gross domestic product (GDP), increase in the demand for goods and services across industries, technological advancement, regional economic growth, governmental policies, the influence of COVID-19, PEST analysis, and other aspects. This analysis aids in setting benchmarks for various nations/regions and approximating market splits. Additionally, the general trend of the aforementioned components aid in determining the market's development possibilities.

  • 3.2 Country Level Data:

Various factors that are especially aligned to the country are taken into account to determine the market size for a certain area and country, including the presence of vendors, such as headquarters and offices, the country's GDP, demand patterns, and industry growth. To comprehend the market dynamics for the nation, a number of growth variables, inhibitors, application areas, and current market trends are researched. The aforementioned elements aid in determining the country's overall market's growth potential.

  • 3.3 Company Profile:

The “Table of Contents” is formulated by listing and analyzing more than 25 - 30 companies operating in the market ecosystem across geographies. However, we profile only 10 companies as a standard practice in our syndicate reports. These 10 companies comprise leading, emerging, and regional players. Nonetheless, our analysis is not restricted to the 10 listed companies, we also analyze other companies present in the market to develop a holistic view and understand the prevailing trends. The “Company Profiles” section in the report covers key facts, business description, products & services, financial information, SWOT analysis, and key developments. The financial information presented is extracted from the annual reports and official documents of the publicly listed companies. Upon collecting the information for the sections of respective companies, we verify them via various primary sources and then compile the data in respective company profiles. The company level information helps us in deriving the base number as well as in forecasting the market size.

  • 3.4 Developing Base Number:

Aggregation of sales statistics (2020-2022) and macro-economic factor, and other secondary and primary research insights are utilized to arrive at base number and related market shares for 2022. The data gaps are identified in this step and relevant market data is analyzed, collected from paid primary interviews or databases. On finalizing the base year market size, forecasts are developed on the basis of macro-economic, industry and market growth factors and company level analysis.

  1. Data Triangulation and Final Review:

The market findings and base year market size calculations are validated from supply as well as demand side. Demand side validations are based on macro-economic factor analysis and benchmarks for respective regions and countries. In case of supply side validations, revenues of major companies are estimated (in case not available) based on industry benchmark, approximate number of employees, product portfolio, and primary interviews revenues are gathered. Further revenue from target product/service segment is assessed to avoid overshooting of market statistics. In case of heavy deviations between supply and demand side values, all thes steps are repeated to achieve synchronization.

We follow an iterative model, wherein we share our research findings with Subject Matter Experts (SME’s) and Key Opinion Leaders (KOLs) until consensus view of the market is not formulated – this model negates any drastic deviation in the opinions of experts. Only validated and universally acceptable research findings are quoted in our reports.

We have important check points that we use to validate our research findings – which we call – data triangulation, where we validate the information, we generate from secondary sources with primary interviews and then we re-validate with our internal data bases and Subject matter experts. This comprehensive model enables us to deliver high quality, reliable data in shortest possible time.

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