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The global ceramic fiber market is estimated at USD 1.63 billion in 2017 and is projected to reach USD 2.59 billion by 2022, at a CAGR of 9.8% from 2017 to 2022. Growth of the market is driven by the high thermal efficiency of ceramic fiber products as compared to conventional insulation materials. Also, there is an increasing demand for less toxic solutions from various enduse industries, which is leading to high demand for low biopersistent products which are noncarcinogenic. However, stringent regulations associated with the use of toxic carcinogenic products, such as RCF, act as a major restraint for the market.
RCF is the largest type segment in the global ceramic fiber market
Based on type, RCF is estimated to account for the largest share of the global ceramic fiber market in 2017. This large share is mainly attributed to the high demand for lowcost, high thermal stability, low heat storage, and lightweight ceramic fiber, which is used majorly in the iron steel, refining petrochemical, and power generation industries.
Ceramic fiber blanket is the largest product form segment in the global ceramic fiber market
Based on product form, the ceramic fiber blanket is estimated to account for the largest share of the global ceramic fiber market in 2017. This large share is majorly attributed to the high demand for insulation material from the shipping, metal, automobile, and space industries.
Refining petrochemical is the largest enduse industry segment of the global ceramic fiber market
Based on enduse industry, the refining petrochemical segment is projected to lead the market between 2017 and 2022. Ceramic fiber is primarily used in boilers, fired heaters, and Fluid Catalytic Cracking Units FCCUs to offer effective solutions for energy requirements in the refining petrochemical industry. Along with hightemperature requirements, ceramic fiber products are manufactured to withstand tough and corrosive manufacturing conditions in the petrochemical industry.
APAC is projected to be to be the largest ceramic fiber market during the forecast period
The APAC region is expected to lead the global ceramic fiber market between 2017 and 2022. China is the key producer and consumer of ceramic fiber in the APAC. Intensive RD, easy availability of raw materials, rising standards of living, and awareness among consumers about environmental protection due to the use of renewable products are expected to lead to an increase in demand for ceramic fiber in the APAC.
Breakdown of profiles of primary interviews for the report
By Company Type: Tier 1 70%, Tier 2 20%, and Tier 3 10%
By Designation: C Level 50%, Director Level 20%, and Others 30%
By Region: APAC 32%, Europe 29%, North America 25%, Middle East Africa 8%, South America 6%
Some of the key companies profiled in this report include Morgan Advanced Materials PLC UK, Unifrax I LLC US, and IBIDEN Co., Ltd. Japan, among others.
This research study aims at identifying emerging trends and opportunities in the global ceramic fiber market, along with a detailed classification, in terms of value. It identifies key players in the market and provides a comprehensive competitive landscape. The global ceramic fiber market has been segmented by type, product form, enduse industry, and region. Based on type, the market has been segmented into RCF, AES, and others. Based on product form, the market has been segmented into blanket, board, paper, module, and others. Based on enduse industry, the market has been segmented into refining petrochemical, iron steel, power generation, aluminum, and others. Based on region, the market has been segmented into APAC, Europe, North America, Central South America, and the Middle East Africa.
Key benefits of buying the report
Market segmentation based on type, product form, enduse industry, and region
Market dynamics including drivers, restraints, and opportunities
Porter's Five Forces Analysis
Profile of key players in the global ceramic fiber market
Original Article: Ceramic Fiber Market by Type RCF and AES Wool, Product Form Blanket, Board, Paper, and Module, Enduse Industry Refining Petrochemical, Iron Steel, Power Generation, and Aluminum, and Region Global Forecast to 2022 [Report Updated: 16052018] Prices fromNEXT ARTICLE