PUBLISHER: Stratistics Market Research Consulting | PRODUCT CODE: 1324366
PUBLISHER: Stratistics Market Research Consulting | PRODUCT CODE: 1324366
Ceramic Fiber Market Forecasts to 2030 - Global Analysis By Product Form (Blanket, Module and Other Product Forms), Type (Refractory Ceramic Fibers (RCF), Alkaline Earth Silicate (AES) Wool and Other Types), End User and By Geography
According to Stratistics MRC, the Global Ceramic Fiber Market is accounted for $5.06 billion in 2023 and is expected to reach $10.57 billion by 2030 growing at a CAGR of 11.1% during the forecast period. Ceramic fibers, which are used in lightweight units for electrical, thermal, and acoustic insulation, are small-dimension filaments or strings made of a ceramic material, typically alumina and silica. Insulation known as ceramic fiber is constructed of an alumina-silica mixture held together by an inorganic binder. It has characteristics like low density and light weight, which make it appropriate for high-temperature applications needing less thermal mass.
According to the ITA, the Chinese government expects car production to reach 30 million units by 2020 and 35 million by 2025, and is the largest vehicle market in the world.
Market Dynamics:
Driver:
Increasing high-temperature application need for ceramic fiber insulation
As industries like metallurgy, petrochemicals, aerospace, and power generation require effective thermal insulation solutions to withstand extreme temperatures, ceramic fiber emerges as an ideal choice. Its exceptional properties, including low thermal conductivity, lightweight, and excellent thermal stability, make it highly sought-after in these applications. The drive towards energy efficiency and the need for cost-effective insulation solutions further bolster the demand for ceramic fiber in various industrial sectors.
Restraint:
Stringent regulations governing the use of cancer-causing substances and durability issues
Extruding ceramics that have been melted at extremely high temperatures through a series of tiny holes with a diameter of around 3 mm is the traditional method for producing ceramic fiber. Ceramic fiber with a diameter of less than 1 m is thought to be carcinogenic, and one with a diameter of less than 3 m can enter the lungs during production, posing a substantial risk of respiratory illness and severe skin irritation. Since a significant fraction of the fibers produced using the traditional procedure have small dimensions, persons engaged in their production and handling may face substantial health risks.
Opportunity:
Increasing demand from numerous aerospace and alternative energy applications
In the aerospace sector, ceramic fiber's lightweight, high-temperature resistance, and thermal insulation properties make it invaluable for aircraft engines, heat shields, and exhaust systems, enhancing performance and fuel efficiency. Similarly, in the alternative energy industry, ceramic fiber finds application in solar panels, wind turbines, and energy storage systems due to its ability to withstand extreme temperatures and improve overall efficiency. As these industries continue to grow, the demand for advanced, high-performance materials like ceramic fiber is expected to surge, creating ample opportunities for expansion in the ceramic fiber market.
Threat:
Fluctuating raw material prices
The cost of key raw materials, such as alumina, silica, and zirconia, can be subject to volatility due to factors like supply chain disruptions, geopolitical tensions, and changes in demand. These fluctuations impact the manufacturing costs of ceramic fiber products, leading to potential price instability and reduced profit margins for manufacturers. Moreover, price fluctuations can hinder long-term planning and investment decisions for companies in the industry, making it challenging to maintain consistent product pricing and competitiveness. To mitigate this threat, companies may need to implement effective supply chain management, seek alternative sourcing options, and explore cost optimization strategies.
COVID-19 Impact:
The COVID-19 pandemic has had a significant impact on the ceramic fiber market. With widespread lockdowns, supply chain disruptions, and reduced industrial activities during the pandemic, demand for ceramic fiber products in construction, aerospace, and manufacturing sectors declined. The temporary closure of factories and construction projects also affected the production and consumption of ceramic fiber materials. Furthermore, travel restrictions and economic uncertainties led to postponed investments in infrastructure projects. However, as economies recover and industries resume operations, there is potential for a gradual rebound in demand for ceramic fiber insulation, driven by the growing focus on energy efficiency and thermal insulation in various applications.
The refractory ceramic fibers (RCF) segment is expected to be the largest during the forecast period
The refractory ceramic fibers (RCF) segment is expected to have a lucrative growth. It offers exceptional thermal insulation properties, making it suitable for applications in industries like petrochemicals, steel, and aerospace. However, RCF is also associated with health risks when inhaled, as it can cause respiratory issues. As a result, manufacturers and industries are exploring alternative ceramic fibers or advanced materials to mitigate health risks while maintaining the required thermal insulation capabilities for their applications.
The blanket segment is expected to have the highest CAGR during the forecast period
The blanket segment is anticipated to witness the highest CAGR growth during the forecast period. Ceramic fiber blankets are flexible, lightweight, and offer excellent thermal insulation properties. They are widely used in various high-temperature applications, including furnace lining, kilns, boilers, and heat shields. The blanket's fibrous structure enables it to efficiently trap heat and prevent heat loss, making it an ideal choice for industrial processes requiring temperature control. Additionally, ceramic fiber blankets are easy to install, enabling quick and cost-effective insulation solutions in various industries. Their versatility and superior thermal performance have cemented their position as a popular and essential component in the ceramic fiber market.
Region with largest share:
During the forecast period, it is expected that the Asia Pacific Ceramic Fiber market will continue to hold a majority of the market share. The increasing demand for ceramic fiber products in countries like China, India, Japan, and South Korea can be attributed to expanding industries such as iron & steel, petrochemicals, and aerospace. Rising investments in energy-efficient technologies and stringent regulations regarding thermal insulation further propel the market. Moreover, the region's growing awareness of environmental sustainability encourages the adoption of advanced ceramic fiber materials. With its dynamic economies and diverse industrial applications, Asia Pacific continues to be a vital contributor to the growth and expansion of the ceramic fiber market.
Region with highest CAGR:
North America is the region with highest CAGR in the ceramic fiber market, driven by the region's advanced manufacturing and aerospace industries. The demand for ceramic fiber products in applications such as furnace lining, thermal insulation, and heat shields remains robust in this region. The presence of major aerospace companies and research facilities also fuels the adoption of ceramic fiber for aircraft engines and other high-temperature applications. Moreover, North America's emphasis on energy efficiency and sustainability encourages the use of ceramic fiber as a lightweight and cost-effective insulation solution.
Key players in the market:
Some of the key players in Ceramic Fiber market include: 3M, CeramSource Inc., FibreCast Inc., General Insulation Company, Harbison Walker International, Ibiden, Isolite Insulating Products Co. Ltd, Kundan Refractories, Luyang Energy-saving Materials Co. Ltd, M.E. SCHUPP Industrial Ceramics GmbH, Mineral Seal Corporation, Morgan Advanced Materials, Nutec Group SA de CV, Pyrotek and Rath-Group.
Key Developments:
In September 2022, Unifrax LLC under the Insulfrax LTX brand introduced lightweight needled blankets. These low bio-persistent covers deliver enhanced physical properties at reduced costs and a reduction of up to 25 percent in lining thickness.
In April 2022, Enexor BioEnergy announced its partnership with the University of Tennessee. This partnership will help Enexor to test high-temperature ceramic filter technology and gather information about energy and cost saving characteristics of ceramic fibers.
In January 2022, GE Aviation launched two manufacturing facilities in Alabama. These facilities produce silicon carbide (SiC) ceramic fiber, and create Ceramic Matrix Composites (CMC) components for jet engines and land-based gas turbines.
Product Forms Covered:
- Blanket
- Module
- Board
- Paper
- Other Product Forms
Types Covered:
- Refractory Ceramic Fibers (RCF)
- Alkaline Earth Silicate (AES) Wool
- Other Types
End Users Covered:
- Energy and Power
- Manufacturing
- Petroleum & Petrochemicals
- Textile
- Paper and Pulp
- Other End Users
Regions Covered:
- North America
- US
- Canada
- Mexico
- Europe
- Germany
- UK
- Italy
- France
- Spain
- Rest of Europe
- Asia Pacific
- Japan
- China
- India
- Australia
- New Zealand
- South Korea
- Rest of Asia Pacific
- South America
- Argentina
- Brazil
- Chile
- Rest of South America
- Middle East & Africa
- Saudi Arabia
- UAE
- Qatar
- South Africa
- Rest of Middle East & Africa
What our report offers:
- Market share assessments for the regional and country-level segments
- Strategic recommendations for the new entrants
- Covers Market data for the years 2021, 2022, 2023, 2026, and 2030
- Market Trends (Drivers, Constraints, Opportunities, Threats, Challenges, Investment Opportunities, and recommendations)
- Strategic recommendations in key business segments based on the market estimations
- Competitive landscaping mapping the key common trends
- Company profiling with detailed strategies, financials, and recent developments
- Supply chain trends mapping the latest technological advancements
Free Customization Offerings:
All the customers of this report will be entitled to receive one of the following free customization options:
- Company Profiling
- Comprehensive profiling of additional market players (up to 3)
- SWOT Analysis of key players (up to 3)
- Regional Segmentation
- Market estimations, Forecasts and CAGR of any prominent country as per the client's interest (Note: Depends on feasibility check)
- Competitive Benchmarking
- Benchmarking of key players based on product portfolio, geographical presence, and strategic alliances
Table of Contents
1 Executive Summary
2 Preface
- 2.1 Abstract
- 2.2 Stake Holders
- 2.3 Research Scope
- 2.4 Research Methodology
- 2.4.1 Data Mining
- 2.4.2 Data Analysis
- 2.4.3 Data Validation
- 2.4.4 Research Approach
- 2.5 Research Sources
- 2.5.1 Primary Research Sources
- 2.5.2 Secondary Research Sources
- 2.5.3 Assumptions
3 Market Trend Analysis
- 3.1 Introduction
- 3.2 Drivers
- 3.3 Restraints
- 3.4 Opportunities
- 3.5 Threats
- 3.6 End User Analysis
- 3.7 Emerging Markets
- 3.8 Impact of Covid-19
4 Porters Five Force Analysis
- 4.1 Bargaining power of suppliers
- 4.2 Bargaining power of buyers
- 4.3 Threat of substitutes
- 4.4 Threat of new entrants
- 4.5 Competitive rivalry
5 Global Ceramic Fiber Market, By Product Form
- 5.1 Introduction
- 5.2 Blanket
- 5.3 Module
- 5.4 Board
- 5.5 Paper
- 5.6 Other Product Forms
6 Global Ceramic Fiber Market, By Type
- 6.1 Introduction
- 6.2 Refractory Ceramic Fibers (RCF)
- 6.3 Alkaline Earth Silicate (AES) Wool
- 6.4 Other Types
7 Global Ceramic Fiber Market, By End User
- 7.1 Introduction
- 7.2 Energy and Power
- 7.3 Manufacturing
- 7.4 Petroleum & Petrochemicals
- 7.5 Textile
- 7.6 Paper and Pulp
- 7.7 Other End Users
8 Global Ceramic Fiber Market, By Geography
- 8.1 Introduction
- 8.2 North America
- 8.2.1 US
- 8.2.2 Canada
- 8.2.3 Mexico
- 8.3 Europe
- 8.3.1 Germany
- 8.3.2 UK
- 8.3.3 Italy
- 8.3.4 France
- 8.3.5 Spain
- 8.3.6 Rest of Europe
- 8.4 Asia Pacific
- 8.4.1 Japan
- 8.4.2 China
- 8.4.3 India
- 8.4.4 Australia
- 8.4.5 New Zealand
- 8.4.6 South Korea
- 8.4.7 Rest of Asia Pacific
- 8.5 South America
- 8.5.1 Argentina
- 8.5.2 Brazil
- 8.5.3 Chile
- 8.5.4 Rest of South America
- 8.6 Middle East & Africa
- 8.6.1 Saudi Arabia
- 8.6.2 UAE
- 8.6.3 Qatar
- 8.6.4 South Africa
- 8.6.5 Rest of Middle East & Africa
9 Key Developments
- 9.1 Agreements, Partnerships, Collaborations and Joint Ventures
- 9.2 Acquisitions & Mergers
- 9.3 New Product Launch
- 9.4 Expansions
- 9.5 Other Key Strategies
10 Company Profiling
- 10.1 3M
- 10.2 CeramSource Inc.
- 10.3 FibreCast Inc.
- 10.4 General Insulation Company
- 10.5 Harbison Walker International
- 10.6 Ibiden
- 10.7 Isolite Insulating Products Co. Ltd
- 10.8 Kundan Refractories
- 10.9 Luyang Energy-saving Materials Co. Ltd
- 10.10 M.E. SCHUPP Industrial Ceramics GmbH
- 10.11 Mineral Seal Corporation
- 10.12 Morgan Advanced Materials
- 10.13 Nutec Group SA de CV
- 10.14 Pyrotek
- 10.15 Rath-Group
List of Tables
- Table 1 Global Ceramic Fiber Market Outlook, By Region (2021-2030) ($MN)
- Table 2 Global Ceramic Fiber Market Outlook, By Product Form (2021-2030) ($MN)
- Table 3 Global Ceramic Fiber Market Outlook, By Blanket (2021-2030) ($MN)
- Table 4 Global Ceramic Fiber Market Outlook, By Module (2021-2030) ($MN)
- Table 5 Global Ceramic Fiber Market Outlook, By Board (2021-2030) ($MN)
- Table 6 Global Ceramic Fiber Market Outlook, By Paper (2021-2030) ($MN)
- Table 7 Global Ceramic Fiber Market Outlook, By Other Product Forms (2021-2030) ($MN)
- Table 8 Global Ceramic Fiber Market Outlook, By Type (2021-2030) ($MN)
- Table 9 Global Ceramic Fiber Market Outlook, By Refractory Ceramic Fibers (RCF) (2021-2030) ($MN)
- Table 10 Global Ceramic Fiber Market Outlook, By Alkaline Earth Silicate (AES) Wool (2021-2030) ($MN)
- Table 11 Global Ceramic Fiber Market Outlook, By Other Types (2021-2030) ($MN)
- Table 12 Global Ceramic Fiber Market Outlook, By End User (2021-2030) ($MN)
- Table 13 Global Ceramic Fiber Market Outlook, By Energy and Power (2021-2030) ($MN)
- Table 14 Global Ceramic Fiber Market Outlook, By Manufacturing (2021-2030) ($MN)
- Table 15 Global Ceramic Fiber Market Outlook, By Petroleum & Petrochemicals (2021-2030) ($MN)
- Table 16 Global Ceramic Fiber Market Outlook, By Textile (2021-2030) ($MN)
- Table 17 Global Ceramic Fiber Market Outlook, By Paper and Pulp (2021-2030) ($MN)
- Table 18 Global Ceramic Fiber Market Outlook, By Other End Users (2021-2030) ($MN)
- Table 19 North America Ceramic Fiber Market Outlook, By Country (2021-2030) ($MN)
- Table 20 North America Ceramic Fiber Market Outlook, By Product Form (2021-2030) ($MN)
- Table 21 North America Ceramic Fiber Market Outlook, By Blanket (2021-2030) ($MN)
- Table 22 North America Ceramic Fiber Market Outlook, By Module (2021-2030) ($MN)
- Table 23 North America Ceramic Fiber Market Outlook, By Board (2021-2030) ($MN)
- Table 24 North America Ceramic Fiber Market Outlook, By Paper (2021-2030) ($MN)
- Table 25 North America Ceramic Fiber Market Outlook, By Other Product Forms (2021-2030) ($MN)
- Table 26 North America Ceramic Fiber Market Outlook, By Type (2021-2030) ($MN)
- Table 27 North America Ceramic Fiber Market Outlook, By Refractory Ceramic Fibers (RCF) (2021-2030) ($MN)
- Table 28 North America Ceramic Fiber Market Outlook, By Alkaline Earth Silicate (AES) Wool (2021-2030) ($MN)
- Table 29 North America Ceramic Fiber Market Outlook, By Other Types (2021-2030) ($MN)
- Table 30 North America Ceramic Fiber Market Outlook, By End User (2021-2030) ($MN)
- Table 31 North America Ceramic Fiber Market Outlook, By Energy and Power (2021-2030) ($MN)
- Table 32 North America Ceramic Fiber Market Outlook, By Manufacturing (2021-2030) ($MN)
- Table 33 North America Ceramic Fiber Market Outlook, By Petroleum & Petrochemicals (2021-2030) ($MN)
- Table 34 North America Ceramic Fiber Market Outlook, By Textile (2021-2030) ($MN)
- Table 35 North America Ceramic Fiber Market Outlook, By Paper and Pulp (2021-2030) ($MN)
- Table 36 North America Ceramic Fiber Market Outlook, By Other End Users (2021-2030) ($MN)
- Table 37 Europe Ceramic Fiber Market Outlook, By Country (2021-2030) ($MN)
- Table 38 Europe Ceramic Fiber Market Outlook, By Product Form (2021-2030) ($MN)
- Table 39 Europe Ceramic Fiber Market Outlook, By Blanket (2021-2030) ($MN)
- Table 40 Europe Ceramic Fiber Market Outlook, By Module (2021-2030) ($MN)
- Table 41 Europe Ceramic Fiber Market Outlook, By Board (2021-2030) ($MN)
- Table 42 Europe Ceramic Fiber Market Outlook, By Paper (2021-2030) ($MN)
- Table 43 Europe Ceramic Fiber Market Outlook, By Other Product Forms (2021-2030) ($MN)
- Table 44 Europe Ceramic Fiber Market Outlook, By Type (2021-2030) ($MN)
- Table 45 Europe Ceramic Fiber Market Outlook, By Refractory Ceramic Fibers (RCF) (2021-2030) ($MN)
- Table 46 Europe Ceramic Fiber Market Outlook, By Alkaline Earth Silicate (AES) Wool (2021-2030) ($MN)
- Table 47 Europe Ceramic Fiber Market Outlook, By Other Types (2021-2030) ($MN)
- Table 48 Europe Ceramic Fiber Market Outlook, By End User (2021-2030) ($MN)
- Table 49 Europe Ceramic Fiber Market Outlook, By Energy and Power (2021-2030) ($MN)
- Table 50 Europe Ceramic Fiber Market Outlook, By Manufacturing (2021-2030) ($MN)
- Table 51 Europe Ceramic Fiber Market Outlook, By Petroleum & Petrochemicals (2021-2030) ($MN)
- Table 52 Europe Ceramic Fiber Market Outlook, By Textile (2021-2030) ($MN)
- Table 53 Europe Ceramic Fiber Market Outlook, By Paper and Pulp (2021-2030) ($MN)
- Table 54 Europe Ceramic Fiber Market Outlook, By Other End Users (2021-2030) ($MN)
- Table 55 Asia Pacific Ceramic Fiber Market Outlook, By Country (2021-2030) ($MN)
- Table 56 Asia Pacific Ceramic Fiber Market Outlook, By Product Form (2021-2030) ($MN)
- Table 57 Asia Pacific Ceramic Fiber Market Outlook, By Blanket (2021-2030) ($MN)
- Table 58 Asia Pacific Ceramic Fiber Market Outlook, By Module (2021-2030) ($MN)
- Table 59 Asia Pacific Ceramic Fiber Market Outlook, By Board (2021-2030) ($MN)
- Table 60 Asia Pacific Ceramic Fiber Market Outlook, By Paper (2021-2030) ($MN)
- Table 61 Asia Pacific Ceramic Fiber Market Outlook, By Other Product Forms (2021-2030) ($MN)
- Table 62 Asia Pacific Ceramic Fiber Market Outlook, By Type (2021-2030) ($MN)
- Table 63 Asia Pacific Ceramic Fiber Market Outlook, By Refractory Ceramic Fibers (RCF) (2021-2030) ($MN)
- Table 64 Asia Pacific Ceramic Fiber Market Outlook, By Alkaline Earth Silicate (AES) Wool (2021-2030) ($MN)
- Table 65 Asia Pacific Ceramic Fiber Market Outlook, By Other Types (2021-2030) ($MN)
- Table 66 Asia Pacific Ceramic Fiber Market Outlook, By End User (2021-2030) ($MN)
- Table 67 Asia Pacific Ceramic Fiber Market Outlook, By Energy and Power (2021-2030) ($MN)
- Table 68 Asia Pacific Ceramic Fiber Market Outlook, By Manufacturing (2021-2030) ($MN)
- Table 69 Asia Pacific Ceramic Fiber Market Outlook, By Petroleum & Petrochemicals (2021-2030) ($MN)
- Table 70 Asia Pacific Ceramic Fiber Market Outlook, By Textile (2021-2030) ($MN)
- Table 71 Asia Pacific Ceramic Fiber Market Outlook, By Paper and Pulp (2021-2030) ($MN)
- Table 72 Asia Pacific Ceramic Fiber Market Outlook, By Other End Users (2021-2030) ($MN)
- Table 73 South America Ceramic Fiber Market Outlook, By Country (2021-2030) ($MN)
- Table 74 South America Ceramic Fiber Market Outlook, By Product Form (2021-2030) ($MN)
- Table 75 South America Ceramic Fiber Market Outlook, By Blanket (2021-2030) ($MN)
- Table 76 South America Ceramic Fiber Market Outlook, By Module (2021-2030) ($MN)
- Table 77 South America Ceramic Fiber Market Outlook, By Board (2021-2030) ($MN)
- Table 78 South America Ceramic Fiber Market Outlook, By Paper (2021-2030) ($MN)
- Table 79 South America Ceramic Fiber Market Outlook, By Other Product Forms (2021-2030) ($MN)
- Table 80 South America Ceramic Fiber Market Outlook, By Type (2021-2030) ($MN)
- Table 81 South America Ceramic Fiber Market Outlook, By Refractory Ceramic Fibers (RCF) (2021-2030) ($MN)
- Table 82 South America Ceramic Fiber Market Outlook, By Alkaline Earth Silicate (AES) Wool (2021-2030) ($MN)
- Table 83 South America Ceramic Fiber Market Outlook, By Other Types (2021-2030) ($MN)
- Table 84 South America Ceramic Fiber Market Outlook, By End User (2021-2030) ($MN)
- Table 85 South America Ceramic Fiber Market Outlook, By Energy and Power (2021-2030) ($MN)
- Table 86 South America Ceramic Fiber Market Outlook, By Manufacturing (2021-2030) ($MN)
- Table 87 South America Ceramic Fiber Market Outlook, By Petroleum & Petrochemicals (2021-2030) ($MN)
- Table 88 South America Ceramic Fiber Market Outlook, By Textile (2021-2030) ($MN)
- Table 89 South America Ceramic Fiber Market Outlook, By Paper and Pulp (2021-2030) ($MN)
- Table 90 South America Ceramic Fiber Market Outlook, By Other End Users (2021-2030) ($MN)
- Table 91 Middle East & Africa Ceramic Fiber Market Outlook, By Country (2021-2030) ($MN)
- Table 92 Middle East & Africa Ceramic Fiber Market Outlook, By Product Form (2021-2030) ($MN)
- Table 93 Middle East & Africa Ceramic Fiber Market Outlook, By Blanket (2021-2030) ($MN)
- Table 94 Middle East & Africa Ceramic Fiber Market Outlook, By Module (2021-2030) ($MN)
- Table 95 Middle East & Africa Ceramic Fiber Market Outlook, By Board (2021-2030) ($MN)
- Table 96 Middle East & Africa Ceramic Fiber Market Outlook, By Paper (2021-2030) ($MN)
- Table 97 Middle East & Africa Ceramic Fiber Market Outlook, By Other Product Forms (2021-2030) ($MN)
- Table 98 Middle East & Africa Ceramic Fiber Market Outlook, By Type (2021-2030) ($MN)
- Table 99 Middle East & Africa Ceramic Fiber Market Outlook, By Refractory Ceramic Fibers (RCF) (2021-2030) ($MN)
- Table 100 Middle East & Africa Ceramic Fiber Market Outlook, By Alkaline Earth Silicate (AES) Wool (2021-2030) ($MN)
- Table 101 Middle East & Africa Ceramic Fiber Market Outlook, By Other Types (2021-2030) ($MN)
- Table 102 Middle East & Africa Ceramic Fiber Market Outlook, By End User (2021-2030) ($MN)
- Table 103 Middle East & Africa Ceramic Fiber Market Outlook, By Energy and Power (2021-2030) ($MN)
- Table 104 Middle East & Africa Ceramic Fiber Market Outlook, By Manufacturing (2021-2030) ($MN)
- Table 105 Middle East & Africa Ceramic Fiber Market Outlook, By Petroleum & Petrochemicals (2021-2030) ($MN)
- Table 106 Middle East & Africa Ceramic Fiber Market Outlook, By Textile (2021-2030) ($MN)
- Table 107 Middle East & Africa Ceramic Fiber Market Outlook, By Paper and Pulp (2021-2030) ($MN)
- Table 108 Middle East & Africa Ceramic Fiber Market Outlook, By Other End Users (2021-2030) ($MN)
