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Ceramic Fiber Market 2024 - Market drivers, Growth Rate, Risks, Opportunities, Import/Export, Manufacturers

04-16-2019 02:58 PM CET | Advertising, Media Consulting, Marketing Research

Press release from: PS Intelligence

Ceramic Fiber Market 2024 - Market drivers, Growth Rate, Risks,

The global ceramic fiber market is mainly driven by the increasing use of the fiber for meeting insulation needs in industries such as iron, steel, aluminum, power, glass, and petrochemical. This can be attributed to the advantageous properties of the material, such as lightweight, heat shock and chemical resistance, and high temperature stability. Another factor supporting the market growth is the high thermal efficiency of the material, which facilitates its efficient performance in high-temperature applications. In addition, the easy availability of the material in various forms (such as blanket, module, board, and paper) to suit the needs of different end users is expected to boost the growth of the market during the forecast period.

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Based on type, the ceramic fiber market is categorized into refractory ceramic fiber (RCF), alkaline earth silicate (AES) wool, and others. The market for AES wool is witnessing significant growth owing to the low bio-persistence and numerous heat insulation applications of the material. The material is widely used in kitchen utensils for personal or commercial use and for insulation applications in buildings and marine vessels for protection against fire. The demand for RCF is also increasing because of its lightweight, low cost, and high temperature stability. The major end users of the material include iron and steel; refining and petrochemical; and energy and power industries.

The product demand for the blanket form is on the rise too, owing to its large-scale use in power, metallurgy, and petrochemical industries, mainly for protection against direct exposure to flames. The market for the paper form is also growing on account of its increasing usage as a gasket to check and keep high temperatures at bay and as a packaging material for the reduction of friction. These factors are anticipated to support the growth of the ceramic fiber market during the forecast period.

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Based on product form, the ceramic fiber market is categorized into blanket, module, board, paper, and others. The module category is expected to witness significant market growth in the coming years on account of the versatility and functionality of the material at a wide range of temperatures. Besides, it is available in varied densities and designs, which makes it suitable for usage in different end-use industries such as iron and steel; power generation; and refining and petrochemical.

Some of the major players operating in the global ceramic fiber market are Morgan Advanced Materials plc, Unifrax I LLC, Luyang Energy-Saving Materials Co. Ltd., Ibiden Co. Ltd., HarbisonWalker International, Isolite Insulating Products Co. Ltd., NUTEC Group, Yeso Insulating Products Co. Ltd., Rath AG, FibreCast Inc., and Double Egret Thermal Insulation Co. Ltd.

About P&S Intelligence

P&S Intelligence is a provider of market research and consulting services catering to the market information needs of burgeoning industries across the world. Providing the plinth of market intelligence, P&S as an enterprising research and consulting company, believes in providing thorough landscape analyses on the ever-changing market scenario, to empower companies to make informed decisions and base their business strategies with astuteness.

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