Global ceramic fiber market is
segmented on the basis of type, end product, end-use industries and geography.
Ceramic fiber also known as High-temperature insulation wool (HTIW) is one of
several types of synthetic mineral wool, generally defined as those resistant
to temperatures above 1000ºC. The energy conservation properties of ceramic
fiber are one of the key factors driving the growth of the ceramic fiber market
globally. It has been observed that low maintenance or inadequate insulation in
industrial plants lead to significant energy wastage.
The extensive applications of
ceramic fiber in the aerospace sector are another trend bolstering the ceramic
fiber market’s growth prospects. Ceramic fiber is lightweight, has high
compressive strength and helps in the optimization of thermal performance
without the use of a vacuum. These features make ceramic fiber indispensable in
the aerospace industry and will lead to its augmented adoption in the coming
years. Ceramic fiber market is expected to witness substantial growth owing to
increasing use in the iron & steel and petrochemical industry for
insulation purpose.
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High thermal efficiency
compared to substitutes and its rising use in high temperature applications are
key market drivers responsible for the growth of ceramic fiber market. Growing
use of ceramic fibers in end-use industries owing to characteristics such as
lightweight, high thermal conductivity, thermal shock resistance, high
temperature stability and high chemical resistance is expected to boost the
ceramic fiber market in the coming years.
Iron & steel are the
largest consumers of ceramic fibers owing to high levels of thermal efficiency.
In addition, growing use in ceramic industries as blankets, fibers, paper and
boards is expected to propel the growth of ceramic fiber market during the
forecast period. Based on type, the ceramic fiber market is segmented into
refractory ceramic fiber (RCF), low bio-persistent fiber, polycrystalline
fiber, and so on. Based on end product, the ceramic fiber market is segmented
into bulk, blanket, board, paper, module, and textile and so on. Based on
end-use industries, the ceramic fiber market is segmented into petrochemical
industry, iron & steel industry, aluminum industry, ceramics industry,
power generation industry, aerospace & defence industry and so on.
The segment “petrochemical
industry” dominated the market and accounted for more than 38% of the market
share. Temperature insulation materials, like ceramic fiber support in
conserving energy and reducing operational costs. Moreover, the evolution of
coal gasification and shale gas production is also likely to increase the
overall consumption of ceramic fibers in the petrochemical industry.
Based on geography, the
ceramic fiber industry is segmented into North America, Asia Pacific, Europe,
Latin America and Middle East & Africa. The Asia Pacific region led the
ceramic fiber industry and is expected to grow in the coming years. Factors
such as the ongoing and upcoming activities in the energy, construction,
automotive and industrial sectors in countries like India and China and the
easy availability of low-cost ceramic fibers are likely to drive the ceramic
fiber industry growth in Asia Pacific.
The key players of ceramic fiber
industry are Morgan Thermal Ceramics, Unifrax Corporation, IBIDEN Co. Ltd.,
Isolite Insulating Products Co. Ltd., Unifrax Corporation, General Insulation
Europe Ltd.
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