Global Ceramic Fiber Market – Segmented by Fiber Type, Product, End User, and Geography (2019 to 2024)
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Polycrystalline Wool holds a significant share in the market
Polycrystalline Wool holds a significant share in the market as it is widely used in catalytic converters, and diesel particulate filters to reduce exhaust emission and as insulation in industrial high-temperature furnaces for energy conservation.
Blanket holds a significant share in the market
Blanket holds a significant share in the market as ceramic fiber blankets are commonly used in situations where there is direct exposure to flames. It is widely used in oil and gas, and power metallurgy industries as it provides energy saving, environmental improvement, and economic efficiency.
Oil and gas is expected to grow at a substantial rate over the forecast period
Oil and gas is expected to grow at a substantial rate owing to its widespread use in a number of petrochemical applications that includes acoustical insulation, boilers, insulation, hot gas filtration and etc.
North America holds a significant share in the market and is poised to grow at a significant rate
The North America ceramic fiber market holds a significant share in the market owing to manufacturers investing in producing advanced ceramic fibers for service jet engines and land-based gas turbines. For instance, GE Aviation has invested $200 million to produce silicon carbide materials for ceramic matrix composite (CMC) components.
Some of the major players discussed in the reports are Unifrax, DGN Faser Pvt. Ltd., IBIDEN, NUTEC, Morgan Advanced Materials, Sepid Ceramic Fiber Co., FiberCast Inc., and Isolite Insulating Products Co., Ltd.
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