The ceramic fiber market size was valued at US$ 1,578.03 million in 2022 and is projected to reach US$ 2,510.80 million by 2028; it is expected to grow at a CAGR of 8.0% from 2022 to 2028.
Ceramic fiber is primarily made of alumina and silica. It is used as an insulating material due to its capability to withstand high temperatures. Some of the advantages of ceramic fiber products are light weight, good thermal insulation, good thermal stability, good chemical stability, easy processing and convenient construction. The ceramic fiber products are used in industrial furnace, furnace insulation sealing curtain, petrochemical equipment, containers, pipes, high temperature insulation, thermal insulation, etc. Further, the increasing use of ceramic fibers from various end use sectors is driving the ceramic fiber market growth.
Based on type, the ceramic fiber industry is segmented into refractory ceramic fiber (RCF), alkaline earth silicate (AES) wool, and others. The refractory ceramic fiber segment is the fastest growing segment in the ceramic fiber market due to its high thermal resistance property. The alkaline earth silicate (AES) wool segment also holds a significant share of the global market. AES is composed of amorphous fibers which are manufactured by melting CaO, MgO, and SiO2. It is a man-made vitreous fiber (MMVF), which is highly used in industrial applications that require high temperatures ranging from 900°C to 1400°C. When these wools are exposed to extended high temperatures, they devitrify into cristobalite and other crystalline silica species.
Strategic Insights
In 2021, Asia Pacific held the largest revenue share of the global ceramic fiber market. The Asia Pacific manufacturing sector is rapidly adopting innovation accelerators that include advanced technologies and processes. Over the past few years, the manufacturing spending of the region has grown significantly and is further anticipated to grow at the highest estimated growth rate. Moreover, the ceramic fiber market in APAC is propelling due to the presence of small- and large-scale companies in India, China, Japan, and Thailand. India is among the most prominent regions for the growth of the iron & steel industry. China is dominating the market in the global petrochemicals market in terms of production and consumption, thereby increasing the demand for ceramic fibers. Additionally, ceramic fibers are extensively used in paper & pulp, textile, energy, power, and other industries. Thus, with the growing demand from end-user industries, the demand for ceramic fibers is expected to increase during the forecast period.
Global Ceramic Fiber Market Breakdown – by Region
Market Insights
Rising Application of Ceramic Fiber in Aerospace Industry
The application of ceramic and its constituents is rapidly rising in the aerospace industry, driving the ceramic fiber market growth. Ceramics are known for their high tensile strength and lightweight nature than metals, which allows minimal fuel consumption, faster speeds, heavy payloads, and longer time in space for exploration vehicles. Moreover, resistance over high temperatures enables commercial and military aircraft engines to operate in hotter temperatures, thereby reducing CO2 and NOx emissions. Ceramic-based substances used for aerospace applications involve the use of oxides, non-oxides, glass-ceramics, and other ceramic matrix composites. These composites vary according to dimensional stability, mechanical strength, and chemical resistance. Ceramics and its derivatives find their applications in thermal protection shields, engine and exhaust systems, and ultra-high speed flying objects and structures in aerospace applications.
End Use Insights
Based one end use, the global market is segmented into iron and steel, refining and petrochemical, power generation, aluminum, and others. The ceramic fiber market share for the refining and petrochemical segment was largest in 2021. The low operational costs, high reliability, and less energy requirement associated with the use of ceramic fiber in furnace linings, roofs, and walls are boosting its usage across the refining & petrochemical industry. They are used in fluid catalytic cracking units, boilers, and fired heaters in the petroleum industry. The global petrochemical industry is expected to grow with the increase in the demand for petrochemicals from end-user industries, such as industrial, agriculture, construction, healthcare transportation, textile, electronics, and consumer goods. The growth of the petrochemicals industry has resulted in the growing demand and consumption of ceramic fibers across the globe.
Ceramic Fiber Market, by End Use – 2021 and 2028
Great Lakes Textiles; HarbisonWalker International; Isolite Insulating Products Co., Ltd.; Lewco Specialty Products, Inc.; Luyang Energy-saving Materials Co., Ltd; Morgan Advanced Materials; Nutec Group; Pyrotek Inc.; Rath-Group; and Unifrax LLC are a few of the major players operating in the global ceramic fiber market. Market players are constantly focusing on strategies such as investments in research and development activities and new product launches. Players operating in the market are focusing on providing high-quality products to fulfill customer demand.
Report Spotlights
- Progressive industry trends in the ceramic fiber market to help players develop effective long-term strategies
- Business growth strategies adopted by developed and developing markets
- Quantitative analysis of the ceramic fiber market from 2020 to 2028
- Estimation of global demand for ceramic fiber
- Porter’s Five Forces analysis to illustrate the efficacy of buyers and suppliers operating in the industry
- Recent developments to understand the competitive market scenario
- Market trend and outlook as well as factors driving and restraining the ceramic fiber market growth
- Assistance in decision-making process by highlighting market strategies that underpin commercial interest, leading to the market growth
- The size of the ceramic fiber industry at various nodes
- Detailed overview and segmentation of the market, as well as the ceramic fiber industry dynamics
- Ceramic fiber market size in various regions with promising growth opportunities
Global Ceramic Fiber Market
Type
- Refractory Ceramic Fiber (RCF)
- Alkaline Earth Silicate (AES) Wool
- Others
Product
- Blanket
- Module
- Board
- Paper
- Others
End Use
- Iron and Steel
- Refining and Petrochemical
- Power Generation
- Aluminum
- Others
Company Profiles
- Great Lakes Textiles
- HarbisonWalker International
- Isolite Insulating Products Co., Ltd.
- Lewco Specialty Products, Inc.
- Luyang Energy-saving Materials Co., Ltd
- Morgan Advanced Materials
- Nutec Group
- Pyrotek Inc.
- Rath-Group
- Unifrax LLC