The Ceramic
Fiber Market is subject to witness a substantial growth
due to the soaring demand from the iron & steel industry and petrochemical
industry, and increasing application in insulation segment. Ceramic fiber
offers high thermal efficiency in comparison with its counterparts are largely
used in the high temperature applications. Globally, the ceramic fiber market
is predicted to generate massive revenue in the forecast period, providing
numerous opportunities for market players to invest for research and
development in the ceramic fiber market.
High-end
demand for ceramic fibers in various end-user industries is attributed to
superior properties of ceramic fibers such as lightweight, compact size, high
thermal conductivity, thermal shock resistance, resistance to chemical and
adverse atmospheric conditions. These factors are expected to boost market
demand for fiber ceramics over the forecast period. Iron & steel industry
is considered the largest in consummation of ceramic fibers in high levels for
better thermal efficiency. Furthermore, fiber ceramics are widely used in
manufacturing of blankets, fibers, paper and boards, thereby propelling market
growth, in the recent years.
Ceramic
fibers are categorized into three major segments based on product type such as
refractory ceramic fiber (RCF), polycrystalline fiber and low bio-persistent
fiber. The refractory ceramic fiber (RCF) is considered as one of the fastest
growing segment in the ceramic fiber market with massive revenue generation in
the last few years. Low bio-persistent fiber market segment has also witnessed
substantial growth, in the recent years, due to stringent rules &
regulation regarding excessive use of refractory ceramic fiber (RCF), majorly
in European and North American region. However, factors such as environmental
hazards due to excessive use and durability are limiting market growth of the
refractory ceramic fiber (RCF) segment to large extent.
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Increasing
demand from energy & power industry, petroleum & petrochemicals,
textile, manufacturing and paper & pulp sector are expected to fuel market
expansion over the upcoming years. Growing number of application in petroleum
& petrochemicals, industry is anticipated to favor the growth of ceramics
fiber market in the near future. Some of common application of the ceramics
fiber in petroleum & petrochemicals industry include fluid catalytic
cracking units, boilers, and fired heaters in the petroleum industry.
The
robust growth of the petroleum & petrochemicals industry is attributed
massive demand from end-user industries such as construction sector,
electronics sector, healthcare industry, transportation sector and consumer
goods. This leads to large-scale supply and demand for ceramic fiber products
across the globe. The market is broadly categorized into five major segments
based on end-user application such as petrochemicals industry, paper & pulp
sector, textile industry and energy & power sector. Some of the typical
application of the ceramic fibers include high temperature insulation seals and
gaskets, protective blankets, curtains, covers, pads and wrapping. The ceramic
fibers are also used in expansion joint fabric and safety clothing.
The
market is divided by region as North America, Europe, Asia-Pacific, Latin
America and Africa. North America has shown major growth in recent years owing
to the rise in the implementation of latest technologies in manufacturing
synthetic fibers, recent activities in shale exploration, and existence of
well-established industrial infrastructure in the region. Asia-Pacific region
is predicted to hold major market share in the ceramic fiber market with
massive growth in forecast period. Countries such as India, China and Singapore
are leading the Asia-Pacific market with strong economic growth, ever-growing
population, improving standards of living, and significant investment by
leading industry players considering potential growth opportunities in the
region.
The
key players in the ceramic fiber market are Unifrax Co., IBIDEN Co., Ltd.,
Moran thermal Ceramics Ltd., Isolite Insulating Products Co., Ltd., Shandong
Luyang Share Co., Ltd., Thermost Thermotech Co., Ltd., Rath Inc., Nutec
Fibratec S.A., General Insulation Europe Ltd., and Yeso Insulating Products
Co., Ltd.
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