What are the factors driving the Ceramic Paper Market trends by 2025? Unifrax LLC, Morgan Thermal Ceramics, Rath Incorporated, Nutec Inc., Isolite Insulating products Co., Ltd., Yeso Insulating Products, Ltd.
Ceramic paper is used for ware separators, glass tank refractory backups and metal clad brisk gaskets in glass and ceramics industry. In building and construction, the product is widely used for thermal as well as acoustic insulation, driven by its resistance to tearing, shocks, and low thermal conductivity and thermal mass. Rising demand for smart buildings will bolster the ceramic paper demand over the coming years.
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The Global Ceramic Paper Market will witness favorable growth trends within the forecast period owing to rising insulation applications. Ceramic paper mainly contains alumino-silicate fiber and is manufactured by specialized paper making processes. It is mainly used for thermal insulation, refractory backup, molten metal splash and spark protection, pipe wrapping, metal casing, high temperature electrical insulation and filtration, hot gas filtration media, high-temperature gasket for furnace, kiln, oven, stove, boiler and appliances, etc.
The market will be driven by rising demand from aerospace industry for effective thermal insulation of aircrafts. Ceramic paper is used in aircraft appliance insulation, oxygen generators, igniter line production, gaskets, fuselage, heat shields, noise cone ablative shields, etc. It has low weight, high strength and excellent fire-resistant characteristics, thus making it a popular choice among aircraft manufacturers. Rising demand for air travel and huge aircraft order backlogs are going to upscale the manufacturing of aircrafts in future. Additionally, technological advancements to make aircrafts lighter, safer and efficient will drive the aerospace industry thereby bolstering the market during the forecast time span.
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Asia Pacific region is estimated to grow at significant rate due to rapid urbanization and industrialization trends. Rising automobile production in China and India will attract the demand for ceramic paper as it simplifies the fabrication process during automobile production and reduces the overall manufacturing costs. According to European Automobile Manufacturers Association (ACEA), China led the global passenger car production and accounted for 29% of total production in 2017.
Europe accounted for approximately 20% of global automobile production and it will grow at considerable rate owing to supportive government policies. North America and Europe will witness steady growth due to flourishing aerospace industry. The U.S., France, United Kingdom and Germany are the leading countries accounting for more than 50% of global aerospace industry and they will continue to dominate sector in future. This in turn will spur the global ceramic paper market within the forecast period.
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Some of the key market players of ceramic paper market are Unifrax LLC, Morgan Thermal Ceramics, Rath Incorporated, Nutec Inc., Isolite Insulating products Co., Ltd., Yeso Insulating Products, Ltd., Vitcas Ltd., Shadong Luyang Share Co., Ltd., Shree Ceramic Fibers Pvt. Ltd., Galaxy Enterprise, Imperial World Trade, Millenium Multi Trade Pvt. Ltd., and others.
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