North America Ceramic Fiber Market to Reach US$ 682.8 Mn at a CAGR of 8.5% in 2027

North America 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 : TIPRE00008069
  • Category : Chemicals and Materials
  • Status : Published
  • No. of Pages : 125
Buy Now

The North America ceramic fiber market is accounted to US$ 333.2 Mn in 2018 and is expected to grow at a CAGR of 8.5% during the forecast period 2019 – 2027, to account for US$ 682.8 Mn by 2027.

In 2018, The US is dominating the North America ceramic fiber market, followed by Canada. The power generation sector is an important consumer of ceramic fiber due to its wide utilization of insulation. In commercial fire protection, ceramic fibers are used in grease-duct insulation and penetration and expansion-joint seals. Ceramic fiber products are used in refractories for high-temperature equipment that is used in ceramic production. This equipment includes blast furnaces, hot stoves, steam boilers, cement kilns, glass tanks, and open-hearth furnaces. The wide application of ceramic fiber is boosting demand in the US.

North America Ceramic Fiber Market

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

Market Insights

Growing Demand from Various End-Use Industries

The lightweight of ceramic fiber is an essential feature that weighs about one-tenth as compared to insulating brick and one third than that of calcium silicate or asbestos boards. For new constructions, the structural supports can be reduced to approximately 40% with the help of ceramic fibers. Another important feature that has been responsible for the increasing demand from the end-users is lower heat storage. Due to its lower density, ceramic fiber absorbs less heat due to which the furnaces can be heated and cooled at much faster rates. Thermal shock resistance is another contributing factor for the increasing demand for ceramic fiber market. Due to its resilient matrix, ceramic fiber linings are capable of resisting thermal shock. All these properties of ceramic fiber have been contributing to the growing demand for ceramic fiber from various end-use industries like iron and steel, refining and petrochemical, power generation, aluminum, and others.

Type Insights

Based on type, the North America ceramic fiber market is bifurcated as Refractory Ceramic Fiber (RCF), Alkaline Earth Silicate (AES) wool, and others. The RCF segment holds the largest share in the North America ceramic fiber market. RCFs are manufactured in various forms, such as bulk fiber, blanket, modules, felt, paper, and vacuum formed shapes. Products made of RCF products are used in industrial equipment, fire protection, and automotive exhaust systems. Refractory ceramic fiber (RCF) has been recognized as the first-choice material in several end-use industries. They are easy to handle and possess low thermal conductivity and heat capacity. Apart from this, they possess superior resistance to thermal shock and pollutants; and can withstand extreme temperatures. Such qualities of RCF make it a viable product for numerous applications. They are mainly used as a lining material for kilns and furnaces and as an insulator for the outside of the ceramic molds. They are also extensively used for insulation in condensing boilers and as the sealing material in various industries such as mechanical, metallurgical, power, and chemical industries.

Product Form Insights

Based on product form, the North America ceramic fiber market is bifurcated as a blanket, module, board, paper, and others. The blanket segment dominated the North America ceramic fiber market. Blankets find their applications in a number of industries which incorporates temperatures from 1000°F (538°C) to 2600°F (1425°C). They are also used in petrochemical, steel, ceramic, and power generation as heat shields, seals and gaskets, pipe and ducting wrap, steam turbine insulation, pipe insulation, exhaust lining, fire protection systems amongst others. Ceramic fiber blankest offers resistance to thermal shock and oxidizing and exhibits low thermal conductivity and heat storage along with good dielectric strength, superior resiliency, non-combustibility, and sound absorption.

End-Use Industry Insights

The North America Ceramic fiber market is bifurcated based on the 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 North America ceramic fiber market. Ceramic fibers possess several properties, such as lightweight, resistance to thermal shock, chemical & corrosion, low thermal conductivity, and high-temperature stability. Also, low operational costs, high reliability, and less energy requirement associated with the use of ceramic fiber in furnace linings, roofs, and walls are boosting its usage across the refining and petrochemical industry.

US Ceramic Fiber Market by Type

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

 

NORTH AMERICA CERAMIC FIBER MARKET SEGMENTATION

North America Ceramic Fiber Market – By Type

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


North America Ceramic Fiber Market – By Product Form

  • Blanket
  • Module
  • Board
  • Paper
  • Others


North America Ceramic Fiber Market – By End-Use Industry

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


North America Ceramic Fiber Market – By Country

  • US
  • Canada
  • Mexico


Company Profiles

  • Great Lakes Textiles
  • HarbisonWalker International, Inc.
  • 3M
  • 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

US, Canada

The List of Companies - North America Ceramic Fiber Market

  1. Great Lakes Textiles
  2. HarbisonWalker International, Inc.
  3. 3M
  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.

Your data will never be shared with third parties, however, we may send you information from time to time about our products that may be of interest to you. By submitting your details, you agree to be contacted by us. You may contact us at any time to opt-out.

Trends and growth analysis reports related to North America Ceramic Fiber Market