Ceramic Fiber Market | Key players operating in the market include Morgan Advanced Materials plc, Unifrax LLC, Luyang Energy Savings Material, Ibiden, Harbisonwalker International

According to recent market research "Ceramic Fiber Market by Type (RCF, AES Wool), Product Form (Blanket, Module, board, Paper) End-use Industry (Refining & Petrochemical, Metals, Power Generation), and Region (APAC, Europe, North America, MEA, South America) - Global Forecast to 2026", The ceramic fiber market is projected to reach USD 3.3 billion by 2026, at a CAGR of 9.9% from USD 2.1 billion in 2021. Ceramic fiber is a type of fibrous and lightweight refractory material mainly consisting of alumina, silica, and other oxides in small proportions. Its low-density properties make it suitable for high-temperature applications that require low thermal mass. Ceramic fiber products exhibit thermal stability, good electrical insulation, strength, durability, design flexibility, and wear & corrosive resistance. Owing to their low thermal conductivity, ceramic fiber products minimize the heat dissipation from the furnace or kiln and help in overall energy-saving.

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The rising construction activities; high production of iron & steel and aluminum industries; the rising demand for flexible, durable, and lightweight materials; rising standard of living, and high per-capita spending are driving the RCF market in this region. Owing to the carcinogenic nature of RCF and introduction of several regulations on the use of RCF, companies are now manufacturing and using AES wool as a substitute for RCF.

Blanket is the most widely-known product form of ceramic fiber because of its versatility in design and performance. The blanket segment accounted for the largest share of the overall market, in terms of value, in 2020. The huge demand in this segment is owing to the high demand for insulation material in the shipping, metal, automotive, and space industries.

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The market size of ceramic fiber was USD 2.1 billion in 2021 and is projected to reach USD 3.3 billion by 2026, at a CAGR of 9.9% between 2021 and 2026. The growth of the ceramic fiber market is primarily triggered by its increasing use in the refining & petrochemical and power generation industries. The ceramic fiber market is influenced by the growing population, rising standard of living, awareness among consumers regarding the use of environmentally friendly products, high spending power on technologically-driven products, and the rising demand for lightweight products. APAC is the largest market for ceramic fiber intensive R&D, increasing infrastructural development activities, and increasing awareness created by regulatory organizations, such as EPA and REACH, for environmental protection. Intensive R&D activities are being undertaken in countries, such as China and India. In addition, increasing construction activities to cater to the increasing population and high demand for lightweight and low-cost substitute products are fueling the growth of the ceramic fiber market in the region.

The key market players profiled in the report include Morgan Advanced Materials plc (UK), Unifrax LLC (US), Luyang Energy Savings Material Co., Ltd. (China), Ibiden Co., Ltd. (Japan), Harbisonwalker International Inc. (US), Isolite Insulating Product Co. Ltd. (Japan), Nutec Fibratec (Mexico), Yeso Insulating Product Co.Ltd. (Japan), Rath Group (US), FibreCast Inc. (US), and Double Egret Thermal Insulation (China).

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Unifrax is a global leader in high-performance specialty fibers and inorganic materials used in high-temperature industrial, automotive, and fire protection applications. Unifrax I LLC was established as The Carborundum Company and changed its name to Unifrax in 1996. Company recently launched Fiberfrax Durablanket LT and Durablanket LT Z Blankets with improved thermal performance, handling and increased strength. Company also launched Insulfrax 1300 HT Blanket and Insulfrax 1300 HT Anchor-Loc Modules, representing the next generation of low bio-persistent (LBP) thermal insulation. In 2020, company acquired Rex Materials Group, company that manufactures engineered thermal components. In 2019, company acquired Stellar Materials, LLC, a manufacturer of patented specialty chemicals and materials. Unifrax employs more than 2,700 people worldwide, with their corporate headquarters located in Buffalo, New York. They have 37 manufacturing facilities in 12 countries and a sales presence in all of the world’s major industrial regions, including North America, South America, Europe, Australia, Asia, and South Africa.

On the other hand, AMorgan Advanced Materials Plc works on the engineering of high-performance materials and specialised products that offer reliable solutions to technical challenges. The company strives to offer its customers innovative and differentiated products through extensive R&D measures, technical expertise, and quality processes. Morgan is also focusing on enhancing its operational efficiencies by developing innovative products and implementing operational excellence programs across all its sites to improve its productivity and quality. The company offer market-leading products such as thermal management insulating fibres, firebricks, monolithics and microporous although it is their integrated approach, which incorporates design, manufacture and installation which really sets them apart. In 2020, company acquired Carbo San Luis, a mineral product manufacturer and in 2021 company collaborated with The Midlands Industrial Ceramics Group and thus positioning them as the world leader in advanced ceramics.

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