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.
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Based on type, the ceramic fiber market is segmented as RCF AES wool and others. RCF is estimated to be the largest type segment, in terms of value, globally. 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.
Based on product form, the ceramic fiber market has been segmented into blanket, module, board, paper, and others. 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.
Based on end-use industries, the ceramic fiber market has been segmented into refining & petrochemical, metals, power generation, and others. Refining & petrochemical industry had the highest market share and is expected to grow at the highest rate during the forecast period mainly because of its high use in the furnaces and boilers for refining crude and petrochemicals production. The increasing need to lower operating costs; increase reliability; and lower the energy use in furnace linings, roof, and walls are fueling the demand for ceramic fiber in the refining & petrochemical industry.
On the basis of region, APAC was the largest market for ceramic fiber in 2020. This dominance is expected to continue during the forecast period due to 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.
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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). They have adopted strategies such as and new product launch, acquisition, and collaboration in order to gain an advantage over their competitors.
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Ceramic Fiber is a fibrous refractory material, a light weight, high temperature, good thermal stability, low thermal conductivity, specific heat of small and resistance to mechanical shock, etc.
Global Ceramic Fiber key players include Ibiden, Isolite Insulating Products, Luyang Energy-Saving Materials, Morgan Thermal Ceramics, Unifrax, etc.
North America is the largest market, with a share about 40%, followed by China and Europe, having a total share about 50 percent.
In terms of product, Ceramic Fiber Blanket is the largest segment, with a share about 45%.
And in terms of application, the largest application is Chemical Industry, followed by Aerospace And Defense Industry, Steel Industry, Electrical Appliances, etc.Market Analysis and Insights: Global Ceramic Fiber Market In 2020, the global Ceramic Fiber market size was US$ 2184 million and it is expected to reach US$ 2854.5 million by the end of 2027, with a CAGR of 3.9% during 2021-2027.
Players, stakeholders, and other participants in the global Ceramic Fiber market will be able to gain the upper hand as they use the report as a powerful resource.
The Global Ceramic Fiber Market Forecast to 2026 published by Reports and Data takes a comprehensive approach towards studying the key trends influencing the growth of this sector.
The research focuses on the changes and progress in the business context due to the recent COVID-19 pandemic.The report evaluates key aspects of the sector to predict the impact of the pandemic on the growth of the market.The report evaluates the latest scenario and is updated with the current alterations in the economy due to COVID-19 pandemic.
The report gives a precise estimation to help readers understand the impact of the pandemic on the concerned market in the forecast years and help combat challenges that may arise in the future.
Get a sample of the report @ https://www.reportsanddata.com/sample-enquiry-form/1462The report gives an accurate and elaborate evaluation of the market for the forecast period to gain an understanding of the global sector for formulating better investment approaches.
The study further explores and provides in-depth analysis of current market dynamics and recent trends, with special emphasis on various key factors and potential growth opportunities and risks.The report further analyzes the factors and initiatives contributing to the growth of the market.The report focuses on leading regions and their major countries to assess the market growth in the forecast years.
In-depth regional analysis covers: North America (U.S., Canada, Mexico)Europe (U.K., Italy, Germany, France, Rest of EU)Asia Pacific (India, Japan, China, South Korea, Australia, Rest of APAC)Latin America (Chile, Brazil, Argentina, Rest of Latin America)Middle East & Africa (Saudi Arabia, U.A.E., South Africa, Rest of MEA)Request a discount on the report @ https://www.reportsanddata.com/discount-enquiry-form/1462The competitive landscape of the Ceramic Fiber market is intense as players are actively engaged in the technological advancements, product developments, product pricing, research innovations, and other growth tactics.
The Global Ceramic Fiber Market Research Report – Industry Analysis, Size, Share, Growth, Trends and Forecast Till 2027 gives an evaluation of the market developments based on historical studies and comprehensive research respectively.
The market segments are also provided with an in-depth outlook of the competitive landscape and a listing of the profiled key players.The comprehensive value chain analysis of the market will assist in attaining better product differentiation, along with detailed understanding of the core competency of each activity involved.
The market attractiveness analysis provided in the report aptly measures the potential value of the market providing business strategists with the latest growth opportunities.
The report classifies the market into different segments.
These segments are studied in detail incorporating the market estimates and forecasts at regional and country level.
The segment analysis is useful in understanding the growth areas and probable opportunities of the market.Final Report will cover the impact of COVID-19 on this industry.Browse the complete Global Ceramic Fiber Market Research Report – Industry Analysis, Size, Share, Growth, Trends and Forecast Till 2027 @ https://www.decisiondatabases.com/ip/1944-ceramic-fiber-market-reportThe report also covers the complete competitive landscape of the global Ceramic Fiber market with company profiles of key players such as:IbidenMorgan Thermal CeramicsShandong Luyang ShareIsolite Insulating ProductsNutec FibratecRathUnifrax I LLCYeso Insulating Products Co. Ltd.Thermost Thermotech Co. LtdHongyang Refractory MaterialsThe detailed description of each has been included, with information in terms of H.Q, future capacities, key mergers & acquisitions, financial overview, partnerships, collaborations, new product launches, new product developments and other latest industrial developments.SEGMENTATIONS IN THE REPORT: By TypeCeramic Fiber BlanketCeramic Fiber BoardCeramic Fiber CottonNon-Shaped Ceramic FiberBy ApplicationAerospace And Defense IndustryChemical IndustrySteel IndustryElectrical AppliancesOthersBy GeographyNorth America (NA) – US, Canada, and MexicoEurope (EU) – UK, Germany, France, Italy, Russia, Spain & Rest of EuropeAsia-Pacific (APAC) – China, India, Japan, South Korea, Australia & Rest of APACLatin America (LA) – Brazil, Argentina, Peru, Chile & Rest of Latin AmericaMiddle East and Africa (MEA) – Saudi Arabia, UAE, Israel, South AfricaDownload Free Sample Report of Global Ceramic Fiber Market @ https://www.decisiondatabases.com/contact/download-sample-1944The Global Ceramic Fiber Market has been exhibited in detail in the following chapters –Chapter 1 Ceramic Fiber Market Preface Chapter 2 Executive SummaryChapter 3 Ceramic Fiber Industry AnalysisChapter 4 Ceramic Fiber Market Value Chain AnalysisChapter 5 Ceramic Fiber Market Analysis By TypeChapter 6 Ceramic Fiber Market Analysis By ApplicationChapter 7 Ceramic Fiber Market Analysis By GeographyChapter 8 Competitive Landscape Of Ceramic Fiber CompaniesChapter 9 Company Profiles Of Ceramic Fiber IndustryPurchase the complete Global Ceramic Fiber Market Research Report @ https://www.decisiondatabases.com/contact/buy-now-1944Other Reports by DecisionDatabases.com:Global Viscose Staple Fiber Market Research Report – Industry Analysis, Size, Share, Growth, Trends and Forecast Till 2026Global Polyester Fiber Market Research Report – Industry Analysis, Size, Share, Growth, Trends and Forecast Till 2026Global Concrete Fiber Market Research Report – Industry Analysis, Size, Share, Growth, Trends and Forecast Till 2026About-Us:DecisionDatabases.com is a global business research reports provider, enriching decision makers and strategists with qualitative statistics.
