Extensive use of ceramic fibers in several industries, encouraged use of bio-based insulation materials, rising concerns about safety at workplace, energy conservation and emission reduction characteristics of ceramic fiber are key factors contributing to high CAGR of ceramic fiber during forecast period.
Market Size – USD 11.09 Billion in 2018, Market Growth - CAGR of 6.2%, Market Trends – Product launches and research for advanced pruritus therapeutics
NEW YORK, June 03, 2019 (GLOBE NEWSWIRE) -- According to the current analysis of Reports and Data, the global ceramic fiber market was valued at USD 1.77 Billion in 2018 and is expected to reach USD 3.80 Billion by year 2026, at a CAGR of 10.42%. The study covers analysis of ceramic fiber and its extensive use in various applications. Ceramic fibers comprise a wide range of amorphous or crystalline synthetic mineral fibers characterized by their refractory properties (stability at high temperatures). They are primarily made of alumina, silica and other metal oxides or, less commonly, of monoxide materials such as silicon carbide. Most ceramic fibers are comprised of alumina and silica in an approximate 50/50 mixture. Ceramic fibers are used as insulation materials, because of their ability to withstand high temperatures, and are used primarily for lining furnaces and kilns. Better thermal efficiency than its substitutes, increasing concerns about safety at workplace, increasing demand for bio-based insulation materials are some of the key factors propelling market growth in the industry. However stringent regulations pertaining to the use of carcinogenic materials is a major hindrance for the market growth during the year 2019-2026.
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Further key findings from the report suggest
- High temperature resistant ceramic blankets and boards are widely used in shipbuilding as insulation to prevent the spread of fires and for general heat containment.
- Ceramic blankets are extensively used as insulation for catalytic converters in the automobile industry and in aircraft and space vehicle engines. Further, In the metal industry, ceramic blankets are used as insulation on the interior of furnaces. Boards are used in combination with blankets for insulation of furnaces designed to produce temperatures up to about 1,400°C
- In commercial fire protection, ceramic fibers are used in grease-duct insulation and penetration and expansion-joint seals. In addition to this, they are also used in hobby furnaces, such as ceramic pottery and glass-enameling kilns and blacksmith forges
- Refractory ceramic fiber (RCF) also known as Alumino silicate wool (ASW) is used for insulation, primarily in kilns and furnaces is a form of form of man-made vitreous (silicate) fiber (MMVF) and consists of alumio-silicate fibers
- RCF account for the largest share in the global ceramic fiber market owing to its properties such as High flexibility, good resistance to tearing, precise thickness, resistance to thermal shock. However, IARC(WHO) has classifies RCF as a possible human carcinogen. In US, NTP has classified respirable RCF as a substance reasonably anticipated to be carcinogenic.
- Rising concerns over the health effects relating to RCF have forced the players in the ceramic fiber industry to develop alternative fiber products, as well as to work with existing process upgrades to address concerns related to RCF.
- AES wools consist of amorphous fibers, which are produced by melting a combination of CaO, MgO and SiO2. AES is expected to have highest CAGR during the forecast period.
- Products made from AES wools are usually used at application temperatures greater than 1100°F (600 °C) in industrial equipment, fire protection, automotive exhaust systems and domestic appliances. Their usage has grown significantly since their commercial production began in the early 1990s.
- Globally, Asia Pacific holds for the substantial market share of ceramic fibers. High R&D investment, rise in the use of high quality and lightweight insulation materials made of ceramics are key factors for the growth in Asia Pacific region. Its holds 36.1% of the market share in the global ceramic fiber market
- On the basis of end use, refining and petrochemical industry hold significant share in the global ceramic market. Increasing need to lower operating costs, increasing reliability and lower energy use in furnace linings and walls are anticipated to fuel the demand in this industry. It accounts for 48.7% of the total market share in the global ceramic fiber market
- On the basis of product, Module holds the highest share (50.8%) in the global market because of unique qualities such as low thermal conductivity, light weight, easy to install and remove, smooth hot face surface, resistant to mechanical shocks.
- Key players in the global ceramic fiber market include Rath Group, Morgan Advanced Materials PLC, Unifrax I LLC, IBIDEN Co., Ltd., Luyang Energy-Saving Materials Co., Ltd.
To identify the key trends in the industry, click on the link below: https://www.reportsanddata.com/report-detail/ceramic-fiber-market
Segments covered in the report:
For the purpose of this study, Reports and Data have segmented the ceramic fiber market on the basis of type, disease type, product type, end use, and region:
Type (Revenue, USD Million; 2016–2026)
- Refractory ceramic fiber (RCF)
- AES
Product Type (Revenue, USD Million; 2016–2026)
- Board
- Module
- Blanket
- Paper
End Use (Revenue, USD Million; 2016–2026)
- Refining and petrochemical
- Aluminum
- Iron and steel
- Power generation
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Regional Outlook (Revenue in USD Million; 2016–2026)
- North America
- U.S.
- Canada
- Europe
- Germany
- France
- UK
- Spain
- Italy
- Rest of the Europe
- Asia Pacific
- China
- India
- Japan
- Rest of Asia-Pacific
- Middle East & Africa
- Latin America
- Brazil
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