Press release
Ceramic Fiber Market is projected to reach USD 4.46 billion, Trends, Growth Strategies, Competitive Analysis and Regional Forecast 2029
Ceramic Fiber Market Overview:Ceramic fibers are part of high-temperature fibers designed to be used in variety of industrial and commercial applications. These fibers are made of alumina, silica, and other metal oxides. This fiber is white, odorless, and suitable for high-temperature applications. The ceramic fibers market is likely to see considerable growth during the forecast period, owing to increase in use in iron & steel and in petrochemical industry for insulation purpose. Its key characteristics include lightweight, high thermal conductivity, thermal shock resistance, enhanced temperature stability, and high chemical resistance. The thermal protection of ceramic fibers makes it suitable for different sectors, including oil & gas and iron & steel, which drives the growth of the ceramic fibers market.
The global Ceramic Fiber market size was valued at USD 1.91 billion in 2020 and is projected to reach USD 4.46 billion by 2029, growing at a CAGR of 9.9% from 2022-2029.
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Ceramic Fiber Market Key Players
The study of the growth of the top market player for in the target sector includes new projects with speculative returns, innovations and study of the accessibility of companies. some of the profiled players are Harbisonwalker International Inc., Nutec Fibratec, Rath Group, FibreCast Inc., Double Egret Thermal Insulation, Luyang Energy Savings Material Co., Ltd., Ibiden Co., Ltd., Isolite Insulating Product Co. Ltd. and Yeso Insulating Product Co., Ltd and Others
Recent Development
In 2020, Unifrax I LLC acquired Rex Materials Group, a company that manufactures engineered thermal components. In 2019, a company acquired Stellar Materials, LLC, a manufacturer of patented specialty chemicals and materials.
In 2020, Morgan Advanced Materials Plc 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.
Partnerships, Collaborations, And Agreements
In September 2021, The Enexor BioEnergy has announced a collaboration with the University of Tennessee. The aim of this collaboration is to assist Enexor in order to test the high-temperature ceramic filter technology and collecting information regarding energy and various cost-saving characteristics of ceramic fibers.
In April 2020, The Korea Institute of Carbon Convergence Technology has announced a memorandum of understanding (MoU) with DACC Carbon. The aim of this collaboration is to help the Korea institute of carbon convergence technology in order to conduct research and development activities on composite materials and ultra-high temperature ceramic fibers.
Mergers and Acquisitions
In July 2020, Rex Materials Group which is a manufacturer of engineered thermal components has been acquired by Unifrax I LLC which is a leading manufacturer of insulation products. The aim of this acquisition is to expand the company's innovative engineered components specifically for high-temperature applications.
In June 2020, Carbo San Luis Which is a leading manufacturer of specialized heat and abrasion-resistant products has been acquired by Morgan Advanced Materials PLC which is a leading manufacturer of specialized products, using advanced ceramics, carbon, and composites. The aim of this acquisition is to ensure and development of the company.
Product Launches and Product Expansions
In February 2018, A lightweight needled blanket has been introduced under the brand named Insulfrax LTX by Unifrax I LLC which is a leading manufacturer of insulation products. These low bio-persistent covers deliver superior physical properties at reduced costs up to 25 percent in lining thickness.
In April 2019, A ultra-thin ceramic fiber board has been launched by Zibo Meiyuan Thermal Insulation Material Co. Ltd. These boards are designed for the use of manufacturing of light-duty industrial combustion chambers, industrial heat processing equipment, refractory lining heat shields & thermal barriers, domestic appliance and others.
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Ceramic Fiber Market Segmentation:
Global Ceramic Fiber Market by Type, 2020-2029, (USD Million) (Kilotons)
Refractory Ceramic Fiber (RCF)
Alkaline Earth Silicate (AES) Wool
Global Ceramic Fiber Market by Product Form, 2020-2029, (USD Million) (Kilotons)
Blanket
Module
Board
Paper
Global Ceramic Fiber Market by End-Use Industry, 2020-2029, (USD Million) (Kilotons)
Refining & Petrochemical
Metals
Power Generation
Growth Factors:
Increasing demand from the Ceramic Fiber industries
The growing use of Ceramic Fiber in Chemical and Material Sectors.
Rising demand for products
Technological advancements in production processes
Growing applications in Ceramic Fiber Market
Ceramic Fiber Market Regional Analysis
Geographically, this report is segmented into several key regions, with sales, revenue, market share and growth Rate of Fiberglass Storage Tank (Fiberglass Tank) Professional in these regions, from 2022-2029, covering
North America (United States, Canada and Mexico)
Europe (Germany, UK, France, Italy, Russia and Turkey etc.)
Asia-Pacific (China, Japan, Korea, India, Australia, Indonesia, Thailand, Philippines, Malaysia and Vietnam)
South America (Brazil, Argentina, Columbia etc.)
Middle East and Africa (Saudi Arabia, UAE, Egypt, Nigeria and South Africa)
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Key Ceramic Fiber Market Trends
- The report identifies, determines, and forecasts the Global Ceramic Fiber Market segments based on their type, sub-type, technology used, applications, end-users, and regions.
- Industry to Industry Holds Largest Share in the Ceramic Fiber Market
- It examines the micro-markets based on their growth trends, development patterns, future prospects, and contribution to the overall market.
- Demand from Regional / geographical is expected to drive the Growth
- Rising Adoption of Market Segments in the Ceramic Fiber Growth
- It studies the competitive developments such as partnerships and collaborations, mergers and acquisitions (M&A), research and development (R&D) activities, product developments, and expansions in the Global Ceramic Fiber Market.
Frequently Asked Questions
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