The global ceramic fiber market size reached USD 1.92 Billion in 2020 and is expected to register a revenue CAGR of 9.7%, during the forecast period, according to latest analysis by Emergen Research. Rising demand for ceramic fiber in petrochemicals aerospace industries are some of the major factors driving global ceramic fiber market revenue growth. Revenue growth of the market is also expected to be driven by increasing demand for ceramic fiber from the automotive industry.
Ceramic fibers are utilized in the aerospace sector due to their high thermal stability, lightweight, high energy of ablation, electrical insulation, good corrosion resistance, chemical resistance, wear resistance, and capacity to endure vibrations. Ceramic-fiber reinforced composites are utilized in the production of engine parts, including turbine blends, compressor, and exhaust buckets, as well as aerospace rockets. Ceramics are utilized in aerospace applications owing to lighter weight than metals and this enables increased speed, higher payloads, reduced fuel consumption, and extended spacetimes for spacecraft research. Ceramics are primarily utilized in aircraft engines and exhausts, temperature security devices, and ultra-high-speed moving vehicle components. Ceramic and ceramic nanocomposites, which can resist temperatures exceeding 1.600 ° C are used in the manufacture of lightweight turbine parts that require less cooling air, including vanes, propellers, combustion linings, and nozzles, as well as exhaust parts that help in improving acoustic attenuation and also have high durability due to resistance to corrosion and abrasion.
However, stringent regulations regarding use of ceramic fiber and byproducts and health-related concerns are some key factors expected to hamper growth of the global ceramic fiber market to some extent over the forecast period. The ongoing COVID-19 pandemic is said to have adversely impacted the entire global business sector, particularly wreaking a chaotic situation in the Ceramic Fiber market. The report covers the latest market scenario, encompassing the profound effects of the pandemic on this industry.
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Leading companies profiled in the report are:
HarbisonWalker International, Inc., Unifrax I LLC, Morgan Advanced Materials PLC, Isolite Insulating Products Company, Limited, YESO Insulating Product Co., Ltd., FiberCast Inc., Ibiden Co. Ltd., Luyang Energy-saving Materials Co., Ltd., Double Egret Thermal Insulation Co., Ltd., and NUTEC Group .
Market Segmentation Of the Ceramic Fiber Market
Emergen Research has segmented the global ceramic fiber on the basis of product form, type, end-use, and region
Product Form Outlook (Volume Tons, Revenue, USD Billion; 2018–2028)
Module
Paper
Blanket
Board
Others
Type Outlook (Volume Tons, Revenue, USD Billion; 2018–2028)
Refractory Ceramic Fibers (RCF)
Alkaline Earth Silicate (AES) Wool
Others
End-Use Outlook (Volume Tons, Revenue, USD Billion; 2018–2028)
Power Generation
Refining & Petrochemical
Iron & Steel
Aerospace
Automotive
Others
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Key Highlights from the Ceramic Fiber Market
Blanket segment revenue is expected to expand at a significantly rapid CAGR during the forecast period due to increasing application of blankets in automotive and aerospace industries. Ceramic blankets are utilized as catalytic converter insulation in the automotive industry, as well as in aircraft and space vehicle engines.
Alkaline Earth Silicate (AES) wool segment is expected to register a significantly robust revenue growth rate over the forecast period. AES wools are made of amorphous fibers that are formed by melting a mixture of MgO, CaO, and SiO2. AES wool products are typically utilized at temperatures exceeding 1,100°F (600 °C) in industrial equipment, fire prevention, and automotive exhaust systems.
Asia Pacific is expected to account for a larger revenue share than other regional markets over the forecast period due to increasing demand for ceramic fiber across various industries including petrochemicals, automotive, and power generation in countries in the region.
Key Reasons to Buy This Report:
The report presents a thorough examination of the Ceramic Fiber market, elaborating on its core segments. The report conducts historical and future assessments of the market dynamics and offers precise data in a well-organized order.
The report evaluates the most prominent market growth potentials, dynamic market trends, driving factors, restraints, investment opportunities, and threats.
The report is inclusive of an in-depth study of the industry variables, manufacturers’ value chain, sales volume, market share, competitive landscape, and effective business tactics.
The report further identifies the key regions and segments dominating the market. These regions are foreseen to register fast-paced growth over the forecast duration.
Major Regions Covered in the Ceramic Fiber Market Report:
North America
Europe
Asia Pacific
Latin America
Middle East & Africa
In conclusion, the report provides a qualitative and quantitative analysis of the Global Ceramic Fiber market including the global and regional analysis of the market. The study covers critical information and factual data about the Ceramic Fiber market industry, along with an in-depth statistical analysis of the market drivers, limitations, growth prospects, opportunities, and threats. On the basis of the current market scope, the report provides an extensive analysis of how the Ceramic Fiber market market is expected to fare in the forecast timeline. The report utilizes advanced analytical tools to offer an estimation of the outlook of the global state of the Ceramic Fiber market industry.
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