Ceramic Fiber Market Company profiles & share 2019–2025

Global Market Insights, Inc
present the report on global ceramic
fiber market evaluates the growth trends of the industry through historical
study and estimates future prospects based on comprehensive research. The
report extensively provides the market share, growth, trends and forecasts for
the period 2019-2025.

Global ceramic fiber market
size is expected to grow with a prominent CAGR by 2024. The thermal-efficient
insulation demand from various industries including oil & gas, iron &
steel, power generation, etc. shall drive the global ceramic fiber market.
These fibers feature high levels of thermal efficiency and will have
significant demand for their usage in the inner linings of several reheating
furnaces at steel production plants. As per the World Steel Association, crude
steel production in the world reached 1,630 million tons in 2016, rising from
1,252 million tons in 2006. A growing profile of steel industry will propel the
ceramic fiber market growth in the future years. Increasing use of these fibers
in end-user industries for their features such as high thermal conductivity,
lightweight, shock resistance, thermal stability, chemical resistance, etc.
will have a positive impact on ceramic fiber market by 2024.

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Refractory ceramic fibers pose
as a key substitute for asbestos due to their unique insulation features. These
fibers feature low density, low thermal inertia; control the temperature inside
the reheating furnace and dissipate little heat from the furnace. Ceramic fiber
market shall witness escalating demand in the industrial furnaces and kilns for
their energy-saving characteristics in the near future. Several regulations
regarding the use of these fibers for their possible carcinogenicity on their
unguarded exposure to human may act as a growth restrain for global ceramic
fiber market by 2024. Refractory ceramic fiber must be insulated and special
measures must be taken to prevent the exposure to air. The air must be
monitored during the installation phase very carefully for hazard prevention.

As per the product type, key
products in ceramic fiber market include: refractory ceramic fiber (RCF) and
alkaline earth silicate (AES) and few others. Alkaline earth silicate segment
is likely to observe growth at a faster pace on account of their unique
characteristics and lower biopersistence (i.e. the length of time for which the
fiber remains in the biological environment). AES ceramic fibers will have
substantial demand for heat insulation for kitchen utensils for household
appliances. These fibers also hold significant scope for providing fire
protection in marine vessels over the forecast timespan.

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Considering the form, overall
ceramic fiber market segmentation can be viewed as: blanket, module, paper,
board and others. Module segment shall exhibit highest growth for their
operational ability at various thermal circumstances and their design
versatility. Modules will have significant demand from various industries such
as: power generation, iron & steel, etc. by 2024.

Based on end-use industry, the
global ceramic fiber market has been segmented into oil & gas, aluminum,
power generation, iron & steel and others. The increasing need to lessen
the operating costs and the energy usage in furnace linings, roofs and walls
are expected to fuel the demand for the product in the oil & gas industry.

The positive outlook exhibited
by the construction and manufacturing sectors in Asia Pacific in the recent
years present brighter aspects for ceramic fiber industry growth by 2024.
Modernization of the regional infrastructure will encourage the demand for
lightweight insulation materials, which will drive the regional ceramic fiber
industry by 2024. China iron & steel sectors have been witnessing a wider
acceptance of these fibers to achieve an increased production efficiency. For
instance, China’s share in finished steel products grew from 33% in 2006 to 45%
in 2016. Considering crude steel production, China, Japan and India secured the
top 3 ranks in 2016 with combined production of 1,008.8 million tons. Such
trends will lead to substantial growth of ceramic fiber market in Asia Pacific
region in the near future.

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Global ceramic fiber market is
likely to be highly competitive in the next seven years. Industry participants
have been engaged in substantial research and development activity to gain the
edge over the competitors. Key industry players in this market have been:
Unifrax I LLC, NGP Industries Limited, Morgan Advanced Materials Plc, Lewco
specialty products, Yeso Insulating Products Co. Ltd., Nutec Fibratec, Rath
Inc. and others.

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