Ceramic Fiber Market Size, Share Global Analysis Report, 2022 – 2028

Industry Insights

[226+ Pages Report] According to Facts and Factors, the global ceramic fiber market size was worth USD 1982.50 million in 2021 and is estimated to grow to USD 3417.41 million by 2028, with a compound annual growth rate (CAGR) of approximately 9.50% over the forecast period. The report analyzes the ceramic fiber market’s drivers, restraints/challenges, and their effect on the demands during the projection period. In addition, the report explores emerging opportunities in the ceramic fiber market.

Market Overview

High-temperature fibers that are developed for usage in a variety of commercial and industrial applications include ceramic fibers. These fibers are formed of metal oxides such as alumina, silica, and others. This fiber can be used in high-temperature applications and is white and odorless. Due to increased use in the iron and steel sector and the petrochemical industry for insulation purposes, the ceramic fibers market is predicted to expand significantly during the projected period. Lightweight, high thermal conductivity, thermal shock resistance, improved temperature stability, and excellent chemical resistance are some of its major traits. The market for ceramic fibers is expanding due to the thermal protection of ceramic fibers, which makes it appropriate for various industries such as iron & steel and oil & gas.

COVID-19 Impact:

The global epidemic has impacted nearly all areas of society. The worldwide supply chain disruptions and the difficulty in the refining and petrochemicals operations, which account for the majority of ceramic fiber consumption, have a relatively negative impact on the market for ceramic fiber. The metal processing, electricity generation, chemical production, and building industries are very important to the market.

Key Insights

• As per the analysis shared by our research analyst, the global ceramic fiber market value is expected to grow at a CAGR of 9.50% over the forecast period.
• In terms of revenue, the global ceramic fiber market size was worth USD 1982.50 million in 2021 and is estimated to grow to USD 3417.41 million by 2028.
• The market for ceramic fibers is expanding due to the thermal protection of ceramic fibers, which makes it appropriate for various industries such as iron & steel and oil & gas.
• By type, the AES type category dominated the market in 2021.
• By product, the modules segment dominated the market in 2021.
• The Asia Pacific market dominated the global ceramic fiber market in 2021.

Growth Drivers

• The increasing use of ceramic fiber in the petrochemical industry drives the market growth

The petrochemical sector extensively uses ceramic fiber for filtration, fire prevention, and thermal management solutions, among other uses. One of the main drivers of global ceramic fiber market expansion is the rising use of ceramic fiber in the petrochemical sector. In the iron and steel industries, it is a refractory liner for heating furnaces during thermal processing. Ceramic fiber materials reduce total manufacturing costs by preventing heat leakage from kilns and furnaces. Through ceramic fiber filtering technology, environmental pollution is also reduced using ceramic fibers. Additionally, rising environmental concerns, increased use of ceramic fiber in the production of aerospace components, and increased focus on research and development activities are some additional important aspects anticipated to support market growth.

Restraints

• Side-effects of ceramic fiber may hinder the market growth

Ceramic fiber materials generally comprise inorganic substances known as carcinogens, such as alumina (Al2O3) and silica (Si2O3). Chronic coughing, dyspnea, and wheezing are just a few health issues that prolonged exposure to ceramic fiber may bring. This aspect is anticipated to limit the use of ceramic fiber materials and negatively affect market expansion. Additionally, it is anticipated that the high cost of production and the strict rules surrounding the use of petrochemical-based products due to negative environmental consequences will somewhat restrain revenue development.

Segmentation Analysis

The global ceramic fiber market has been segmented into type, product, end-use industries, and region.

The market is divided into categories based on type: RCF, AES wool, and others. In 2021, the AES category dominated 2021. Due to its low bio-persistence and more desirable distinguishing qualities, the AES type category is anticipated to experience the fastest increase over the next five years. AES ceramic fiber materials find extensive application in fire protection for marine vessels and structures and heat insulation for kitchenware used in residential and commercial settings.

The market is divided into a blanket, module, board, paper, and others based on product. The module sector is anticipated to increase fastest during the forecast period. Their design's versatility and compatibility at various temperatures are credited with the expansion. Power generation, iron & steel, refinery & petrochemical, and other industries require different module designs, densities, and attachment systems based on customer needs.

The market is divided into iron & steel, refining & petrochemical, power generation, aluminum, and others based on the end-use industry. The refining & petrochemical segment dominated the market in 2021. Ceramic fiber is in high demand in the refinery and petrochemical sectors. The expanding demand for ceramic fiber in the refining and petrochemical industry is expected to be fueled by the need to lower operating costs, improve dependability, and use as little energy as possible in roofs, furnace linings, and walls.

Recent Developments

• September 2021: The relationship between Enexor BioEnergy and the University of Tennessee was made public. This agreement allows Enexor to test high-temperature ceramic filter technology and learn more about the ceramic fibers’ energy- and money-saving properties.
• April 2020: DACC Carbon and the Korea Institute of Carbon Convergence Technology have partnered. This collaboration aided the institute's research and development work on composite materials and ceramic fibers for ultra-high temperatures.

Report Scope

Regional Landscape

• The Asia Pacific dominated the ceramic fiber market in 2021

In 2021, the Asia Pacific dominated the global ceramic fiber market because of the accelerated pace of industrialization, especially in China, India, and Indonesia. The Chinese iron and steel sectors use ceramic fibers more frequently to boost production efficiency. However, Asia-Pacific currently controls the ceramic fiber market due to the growing demand for environmentally friendly products. Expanding the ceramic fiber market in the region will also be aided by expanding infrastructure projects and escalating initiatives to protect the environment during the projected period.

Competitive Landscape

• Unifrax LLC 
• Morgan Advanced Materials plc 
• Ibiden Co. Ltd. 
• Luyang Energy Savings Material Co. Ltd. 
• Isolite Insulating Product Co. Ltd. 
• Harbisonwalker International Inc. 
• Yeso Insulating Product Co.Ltd. 
• Nutec Fibratec 
• Rath Group 
• FibreCast Inc. 
• Double Egret Thermal Insulation.

Global Ceramic Fiber Market is segmented as follows:

By Type

• RCF
• AES Wool
• Others

By Product form

• Blanket
• Module
• Board
• Paper
• Others

By End-use industry

• Refining & Petrochemical
• Metals 
• Power Generation
• Others

By Regional Segment Analysis

• North America
  • The U.S.
  • Canada
  • Mexico
• Europe
  • France
  • The UK
  • Spain
  • Germany
  • Italy
  • Nordic Countries
    • Denmark
    • Sweden
    • Norway
  • Benelux Union
    • Belgium
    • The Netherlands
    • Luxembourg
  • Rest of Europe
• Asia Pacific
  • China
  • Japan
  • India
  • Australia
  • South Korea
  • Southeast Asia
    • Indonesia
    • Thailand
    • Malaysia
    • Singapore
    • Rest of Southeast Asia
  • Rest of Asia Pacific
• The Middle East & Africa
  • Saudi Arabia
  • UAE
  • Egypt
  • South Africa
  • Rest of the Middle East & Africa
• Latin America
  • Brazil
  • Argentina
  • Rest of Latin America