Amritsar Online

Ceramic Fiber Market Revenue to Cross USD 3146.6 Mn by 2027

 Breaking News
  • No posts were found

Ceramic Fiber Market Revenue to Cross USD 3146.6 Mn by 2027

December 07
20:01 2021
Growing demand from various end-use industries is projected to escalate the ceramic fiber market at a CAGR of 8.4%

Latest market study on “Global Ceramic Fiber Market to 2027 – Analysis and Forecasts by Type, By Product Form, By End Use Industry, and Geography”, The global ceramic fiber market is accounted to US$ 1,547.6 Mn in 2018 and is expected to grow at a CAGR of 8.4% during the forecast period 2019 – 2027, to account to US$ 3,146.6 Mn by 2027.

Strategic Insights

Report Coverage

Details

Market Size Value in

US$ 1,547.6 Million in 2018

Market Size Value by

US$ 1,258.7 Million by 2027

Growth rate

CAGR of 8.4% from 2019-2027

Forecast Period

2019-2027

Base Year

2019

No. of Pages

169

No. Tables

83

No. of Charts & Figures

78

Historical data available

Yes

Segments covered

Type , By Product Form , By End Use Industry

Regional scope

North America; Europe; Asia Pacific; Latin America; MEA

Country scope

US, UK, Canada, Germany, France, Italy, Australia, Russia, China, Japan, South Korea, Saudi Arabia, Brazil, Argentina

Report coverage

Revenue forecast, company ranking, competitive landscape, growth factors, and trends

 

Get Exclusive Sample Pages of Ceramic Fiber Market at https://www.theinsightpartners.com/sample/TIPRE00005837/

The ceramic fiber is used as a thermal insulator in the petrochemical industries that have created an upsurge for the ceramic fiber market. Owing to this, there have been other characteristics of the ceramic fiber that have been creating an increasing demand from end-use industries such as iron and steel, refining and petrochemical, power generation, aluminum, and many others. The low thermal conductivity of ceramic fibers allows the construction of thinner linings that has the same thermal efficiency as that of conventional refractories. The ceramic fiber is approximately 40% more effective as compared to good quality insulation brick and twice better than asbestos products. It has been noted that the insulation property of ceramic fiber is better than that of calcium silicate products. The lightweight of ceramic fiber is another essential feature that weighs about one-tenth as compared to insulating brick and one third than that of calcium silicate or asbestos boards.

Growing demand from various end-use industries is projected to escalate the ceramic fiber market at a CAGR of 8.4%

In 2018, Asia Pacific is the fastest growing region in the ceramic fiber market. The growing industrialization and urbanization are one of the key factors that is boosting the ceramic fiber market. As the industrialization and urbanization is increasing, the power generation industry is estimated to grow in the Asia Pacific region, which further increases the demand for ceramic fibers. The growing steel and iron industry in India propels the demand for ceramic fibers. These industries are estimated to drive the demand for the ceramic fiber in Asia Pacific region. Asia Pacific is dominating the market and holds the largest share in the global market, and the market in this region is projected to reach US$ 1,258.7 million by 2027.

Impact of COVID-19 on Ceramic Fiber Market

The COVID-19 pandemic originated in Wuhan (China) in December 2019, and since then, it has spread across the globe at a fast pace. The US, Brazil, India, Russia, Italy, China, Spain, France, and Germany are among the worst-affected countries in terms of confirmed cases and reported deaths as of June 2020. The pandemic has affected conomies and industries due to enforced lockdowns, travel bans, and business shutdowns. Chemical and materials is one of the world’s major industries facing serious disruptions such as supply chain breaks, technology events cancellations, and office shutdowns as a result of this outbreak. The global economic break down due to COVID-19 is also affecting the growth of the Ceramic Fiber Market growth due to shutting down of factories and obstacles in supply chain.

Download the Latest COVID-19 Analysis on Ceramic Fiber Market Growth Research Report at https://www.theinsightpartners.com/covid-analysis-sample/TIPRE00005837/

Ceramic Fiber Market: By Type

Based on type, the ceramic fiber market is bifurcated based on Refractory Ceramic Fiber (RCF), Alkaline Earth Silicate (AES) Wool, and others. The Alkaline Earth Silicate (AES) Wool is the fastest growing segment in the global ceramic fiber market during the forecasted period. AES or alkaline earth silicate wool are composed of amorphous fibers which are manufactured by melting down a CaO, MgO, and SiO2 altogether. Alkaline earth silicate (AES) wools are as man-made vitreous fiber (MMVF), which are highly used in industrial applications that require high temperatures generally above 900 °C and up to 1400 °C. When such wool is exposed to extended high temperatures, they devitrify into cristobalite and other crystalline silica species. Although crystalline silica (CS) is classified as carcinogenic and may pose a potential concern to health. AES wools are used to manufacture various products at temperatures greater than 1100°F (600 °C), which find their application in industrial equipment, fire protection, automotive exhaust systems, and domestic appliances. The usage of AES wool has grown considerably since its commercial production in the 1990s.

Ceramic Fiber Market: Competitive Landscape and Key Developments

The market for global ceramic fiber is concentrated with some very well-established players. Some of the key players in the global ceramic fiber market include Great Lakes Textiles, HarbisonWalker International, Inc., 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, among others.

Order a Copy of Ceramic Fiber Market Shares, Strategies and Forecasts 2019-2027 Research Report at https://www.theinsightpartners.com/buy/TIPRE00005837/

Browse Related Reports and get Sample copy

Metal Nanoparticle Market Forecast to 2028 – COVID-19 Impact and Global Analysis By Metal (Platinum, Gold, Silver, Iron, Titanium, and Others) and End-Use Industry (Pharmaceutical and Healthcare, Electrical and Electronics, Chemicals, Personal Care and Cosmetics, and Others) –

https://www.theinsightpartners.com/sample/TIPRE00024270/

Compact Laminate Market Forecast to 2028 – COVID-19 Impact and Global Analysis By Type (External Wall Cladding, Internal Wall Cladding, Standard Compact, and Others) and End-Use (Residential, Commercial, and Industrial) –

https://www.theinsightpartners.com/sample/TIPRE00023719/

About Us:

The Insight Partners is a one stop industry research provider of actionable intelligence. We help our clients in getting solutions to their research requirements through our syndicated and consulting research services. We specialize in industries such as Semiconductor and Electronics, Aerospace and Defense, Automotive and Transportation, Biotechnology, Healthcare IT, Manufacturing and Construction, Medical Device, Technology, Media and Telecommunications, Chemicals and Materials.

More Research: https://energysiren.co.ke/author/theinsightpartners/

Media Contact
Company Name: The Insight Partners
Contact Person: Sameer Joshi
Email: Send Email
Phone: +1-646-491-9876
City: Pune
State: Maharashtra
Country: India
Website: http://www.theinsightpartners.com/pr/ceramic-fiber-market

Related Articles