Ceramic Fiber Market worth $3.2 billion by 2028 | Key players Alkegen Corporation (US), IBIDEN Co., Ltd. (Japan), Isolite Insulating Products Co., Ltd. (Japan), HarbisonWalker International (US).

According to recent market research the "Ceramic Fiber Market by Type (RCF, AES Wool), Product Form (Blanket, Module, Board, Paper), End-Use Industry (Refining & Petrochemical, Metals, Power Generation) and Region (Asia Pacific, North America, Europe, Middle East & Africa) - Global Forecast to 2028", size was USD 2.0 billion in 2022 and is projected to reach USD 3.2 billion by 2028, at a CAGR of 8.2% from 2023 to 2028. The demand for ceramic fiber rises as nations industrialize and enjoy economic prosperity. Ceramic fiber is used in high-temperature applications by industries including petrochemicals, steel, aluminum, glass, and power generation. Ceramic fiber's excellent fire resistance properties have made it a popular choice for fireproofing and insulation in buildings and industrial settings.

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Ceramic fiber blankets are versatile and can be easily cut, shaped, and installed, making them suitable for a wide range of high-temperature insulation applications. These blankets offer exceptional thermal insulation, which makes them perfect for use in boiler walls, furnace linings, kiln insulation and other high-temperature machinery. Ceramic fiber blankets are the best choice for applications requiring quick temperature changes since they have low thermal mass and heat up and cool down quickly.

Ceramic fiber is ideally suited for lining storage tanks, pipelines, and other machinery that encounters corrosive petrochemical substances because of its strong resistance to corrosive chemicals. Rapid temperature variations are a common feature of petrochemical operations, and these shifts can subject traditional materials to thermal shock. Ceramic fiber is more resilient and dependable under such challenging operating conditions thanks to its low thermal mass and resilience to thermal shock.

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Large ceramic fiber suppliers and manufacturers in nations like China contributed to the expansion of the regional market. China, a significant player in the ceramic fiber market, was essential to the Asia Pacific region's overall domination of this sector. Additionally, the Asia Pacific region's growing construction industry has expanded the use of ceramic fiber for thermal insulation and fire protection with an emphasis on creating sustainable and energy-efficient structures.

The key players profiled in the report include Morgan Advanced Materials plc (UK), Alkegen Corporation (US), IBIDEN Co., Ltd. (Japan), Isolite Insulating Products Co., Ltd. (Japan), HarbisonWalker International (US), Nutec FibraTec (Mexico), and RATH Group (Austria).

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Alkegen Corporation is a major manufacturer in ceramic fiber market. The company is a global leader in serving mission-critical systems dor battery technologies, electric vehicles, filtration media, and specialty insulation materials. After the acquisition of Lydall in 2022, Unifrax changed its name to Alkegen. Two of the world's leading specialty material companies have come together to represent an innovation driven organization. In January 2021, company launched Fiberfrax Durablanket LT and Durablanket LT Z Blankets. It offers the same benefits as previous Fiberfrax blankets, now with physical properties enhanced to improve thermal performance, improved handling, and increased strength. These needled blankets combine innovative proprietary technology with proven performance to create high-performance RCF blanket products.

Morgan Advanced Materials plc works on engineering high-performance materials and specialized products that offer reliable solutions to technical challenges. The company strives to provide its customers innovative and differentiated products through extensive R&D measures, technical expertise, and quality processes. Morgan also focuses on enhancing its operational efficiencies by developing innovative products and implementing operational excellence programs to improve its productivity and quality across all its sites. In May 2023, Morgan Advanced Materials announced their commercial startup of 50+% Yixing factory expansion. Yixing plant manufacturers TJM Insulation Firebricks (IFB), this expansion will help the company to fulfill customer needs from China and Asia in petrochemicals, iron & steel, aluminum and cathode materials.

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